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Old 03-05-2006, 21:10   #20
AltosTrader
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Join Date: Mar 2006
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Re: Automated Systems -any hope? :(((

Hi Desperate - There are heaps of systems.
The forum at Strategybuilderfx has at least a dozen seemingly profitable systems under discussion. The forum at forex-tsd likewise. Tsd also has an "Elite Section" you can join for I think US$28 / month. In that forum there is plenty discussion and testing of systems. The best system under test at present is up around 850 pips for April.

Most all of these discussions are based on using MetaTrader MQ4.

In the last eight days of testing (on demo only) I am up US$ ~ 3500, trading mostly 50k blocks. I am in proccess of funding accounts at IBFX in the US and MIG in Switzerland. When FXDD complete their switch to MQ4 I will be funding an account there also or maybe another in Europe. The reason I split them up is that results vary a little from broker to broker. For instance, yesterday I was stopped out of EUR/CHF at 1.5585 at IFX but the same trade I had at FXCM missed being stopped out by some 4 or 5 pips (this was manual trading) and the same happens with the same EA's on the MQ4 platform at different brokers.

Spreading my accounts lets me average things and if one broker begins to consistantly look better I will have to examine why. Another reason is these systems require your system running all the time. If one broker has a major problem it only affects one third of my accounts. I can trade a broker each from 3 x laptops (or get a very big UPS for a PC) and if one laptop goes down , again it is only one of three accounts. Not EVERYTHING.

Have a look at these other forums and see if they help.
Cheers,
Altos
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