Jump to content

Auto Trading Program Results & Reviews

Recommended Posts

This thread i will show and explain and answer any questions along the way with regards to my new venture into the world of FX Markets and Auto Trading Software for those that are interested.

Quick background of myself, absolute loser, too emotionally involved with all the pretty lights as i tried to Day Trade on indexs, Did have a Self Managed Super Fund for 3 years that i was able to grow $40K on shares alone. Got Burnt by a UK mob dabbling in Binary trading - $10K over night gone, but dont worry, he was quick to say add more and we can try and win it back, idiot!!!

About a month ago i was cold called about a software package to trade on the FX markets, very skeptical and having been burnt i tread very carefully, over a few phone calls, the guy on the end seemed nice enough, so lets try it. 

I put $500 into my IG account and set up a MT4 Fx trade account with IG, they had another preferred broker, but i figured this way they cant access my funds. They allowed me a 2 week trial period, i had just 1 pair to start with the AUS/JPY after a week they allowed me to have a 2nd pair USD/CAD in the trial.  By day 12 i had deposited an extra $5K into the trade account and as you will see below some good results have occurred this week.

This is my Actual results so far.

The very 1st trade that was made was a $10 loss, the risk factor was set incorrectly at 0.1% and after that it was dropped to 0.01% other wise every day would have had a positive return.

 image.png.8754f4c7149a968fb81dfddf144435fd.png

 

image.png.5c61a053f0edf21dc75cb93e6c0677d7.png

image.png.f9710c40b646d027658f3136f5fd003d.png

I like Graphs, lol

This sort of trading may not be for everybody, and i guess best put a disclaimer that Trading can lose you money.

Taking my emotions out of the equation is definitely an advantage to me, and what i will share will be purely my opinion based on the actual results.

I hope my situation can help a fellow trader, im not a professional trader, i sell 4 wheel drive parts, services and upgrades in my daily job, but im open to all and any questions. 

  • Like 1

Share this post


Link to post

@davidbrister,

I do not understand why you are calling yourself an absolute loser? You are a human being and we all should be treated fairly and equally with respect. Yes we will all have different views and opinions but you must not call yourself a loser. You are alive and fit enough to trade. That in itself is a success. Be more positive and confident as it will really make trading more enjoyable and into a passion.

I do worry that you parted with money based on a few cold calls. Risk management does not just apply in trading but in real life too. 

I think it is difficult for your results to mean anything as I do not know what actual trading strategy the auto trading system is applying to deliver those results.

Share this post


Link to post

Thank you for your concern, i have a new outlook on life these days, my loser statement stems from things over the last few years that almost gives me an award for being very unlucky, lol. But i smile and laugh and im still here, (on  a side note Depression is dealt with in many ways and if any body out there needs a ear to bash PM me or get help,  20+ years in the dark sure helps others going through the same things.)

As for cash for cold calls, call it a calculated risk, u never know if you never try. i saw trading reports from the program, and talked with a few different people from within the company. I have always believed i would find the right instrument to help me get ahead in life, unlike 90% of the population who dont set goals and dreams, the fact that as a group we are here trying to learn how to succeed in the market puts us all in front of the game, we are taking that step forward together at different speeds.

As to how it works, it trades on some 21 Algorithms and 25 years of history and other stuff, but i sort of dont care to be honest, it trades, it doesnt use my emotions, and it wins. 

But i will gain a better and bigger understanding of how and why it does what it does so i can pass it along.

If my money can grow 0.5%- 1.5% over night while i sleep, see Graph above of daily % gain, then im very keen to give it a go.  In Australia with standard bank accounts/term deposits you would be lucky to get 1-2% return per year, i can get that per night so far, interested yet?

  • Like 1

Share this post


Link to post

@davidbrister,

I do not agree with your calculated risk in relation to cold calls and the, "U never know if you never try" scenario. However, that is my personal view and I do not want to get bogged down in discussing that. 

You state your system wins but the question you need to ask yourself is how often it wins? Also not just that. Your system could win 70% of the time but what if the 30% you lose, the losses are greater than the smaller profits on 70% of wins?

You also really should be understanding any trading system you are using. It is absolutely vital and a must. If you are paying someone to use their trading system and if you do not know what trading strategy is being applied on execution then for me this is an absolutely no no. 

I am from the UK and to answer your question, I am not interested in it at all. I have a trading strategy and system which works for me. Yes, I will tweak it from time to time as I acquire new knowledge and gain new experiences but it has served me well to date over many years. 

For me I am a high risk capital growth investor first and foremost. I trade using 'trend following' principles but will at times day trade depending on short term opportunities and also position / momentum trade. I am only interesting in trading the strongest trending assets and I am comfortable holding my positions for days, weeks or months if necessary depending on the trend manifestation.

I am not going to wish you the best of luck or hope for the best for you. In my personal view the words luck and hope are not appropriate when it comes to successful and profitable trading. When placing any trade 'Long' or 'Short' and regardless of timeframes being applied, one must try and increase the odds and probability in their favour to give them the best possible chance of achieving both a successful and profitable trade. That is the key. When certain conditions are in your favour or the conditions increase the odds and probability in your favour and the asset is trending in a direction very strongly and being supported by volume as well, are the assets one should be trying to identify to trade.

You must be able to answer yes that you have a trading plan, you have a trading strategy or understand the strategy being applied by this software and you have a trading system. I can see that you can answer yes to the last point but I am unsure you can answer yes to the first two points. Your trading system could execute your trading strategy for you. Your trading strategy should be based on your trading plan. 

Share this post


Link to post

Thats cool i fully understand where u coming from @TrendFollower, as i said its not for every 1.

The auto system places trades based on its algorithms and indicators and the history of the market.

Im looking at this package to create  low risk capital growth, a passive income, if it can make $2-300 a week that a huge help in the house hold budget, means i live rent free which is a great start.

You can see from below how it places trades to hedge itself back into a profitable situation based on its calculations.

6/06/2019 Closing trades USD/CAD - A$43.95 DEAL 27347561 1.33855 1.34172 0.13
6/06/2019 Closing trades USD/CAD - A$-28.66 DEAL 27318280 1.34506 1.34172 0.08
6/06/2019 Closing trades USD/CAD - A$0.00 DEAL 27341840 1.34172 1.34172 0.08

 The $-28.66 trade was placed 1st, for a buy position, the market moved down, it then placed the $0 trade again for a Buy but the market moved down again, both of these are 0.08 contracts. the market then turned upwards and it placed the 3rd trade of $43.95 at a larger 0.13 contract, it calculated a sell point which happened to be the same buy in price as the zero trade to make sure when sold all 3 trades would create a a positive return and it did. There has been a few not a lot of trades where the positive will cancel the negative amount and still return a positive result. this is the 1st and only 3 trade position so far, the others were just 2 trade placements.

As far as increasing the odds in my favour, i feel this program does that,as i would have sold out of positions for a loss and most likely not got the 3rd trade on to cover the losses. Removing the emotion factor is a huge advantage for any trader i would have thought.

Yes i have a trading plan - Use auto software to make small gains repetitively on the FX markets. 

Yes i have an understanding of the trading system - Allow software to do its job. 

Yes i have a trading system - the Auto Software.

Is it a great plan? mmmm remains to be seen, is it working so far? Yes. 3 weeks is not much data to go on, but its returns are positive and im collecting data on a daily basis and learning more each day.

Share this post


Link to post

@davidbrister,

Yes you are right it is not for everyone and it is certainly not for me. There is absolutely nothing wrong with having an algo trading system. In fact some of the best hedge funds have exactly that. I know some traders who have developed their own. Nothing wrong with that at all.

My advice would be to put some serious work and effort in your trading plan. When you are preparing your trading plan you will conduct plenty of research and analysis. This will present different options for you some you have considered and some you have not. You will also begin to look at the different assets you could trade to try and meet your trading goals and objectives. It will help you to identify some assets which you had not considered and others which you should not trade, etc.

A lot of traders ignore this part and though it is cheesy I am going to state it here, 'Failing to Plan is a Plan to Fail'. 

It is that plan which will lead to an effective trading strategy for you. If the plan is not there or the work or effort has not been put in at this stage, you cannot be satisfied that you have the best trading strategy based on your personality, psychology, mindset, aims, goals, etc. Your trading system will allow you to execute your trading strategy as effectively and efficiently as possible. If your trading strategy is not right then your trading system may not be right for you to deliver the goals in your trading plan. 

I am not suggesting your trading system will not deliver your aims, time will tell you the answer to this. As you say it has only been three weeks but my advice would be to conduct thorough research and analysis for the trading plan which is documents. This will be a 'living and working' document which you can amend as your trading circumstances change over time. 

Share this post


Link to post

I used to have a plan, i studied and worked hard to learn and build it up only to fail, while my understanding of how the stock market works, and the different markets, Stock, index, Fx, is all great in theory when put into practice it failed, emotions mostly, but i understand what your saying. So lets sit back and take a new direction, follow my journey @TrendFollower and lets see if this works. To be honest i have nothing left to lose, but i have so much to gain.

Share this post


Link to post

@davidbrister,

I am afraid I totally disagree but that is fine. Just because your initial plan failed does not mean you stop planning. Your trading plan can be adapted and changed at any point as you gain new experiences (good and bad) and acquire new knowledge. 

You always have something to lose. Your capital and hard earned money. Yes you have much to gain but what you gain could be incurred losses. 

If your journey is a successful one then it will be the first time I have come across anyone who has purchased a trading system on the back of a cold call and consistently been profitable over a number of years. Lets see if it works but I would suggest keeping the amount you trade to a bare minimum to really assess if the trading system works and only once you are satisfied to increase the amount of your trading positions. 

Share this post


Link to post

Whole heartily agree on keeping the bare minimum trades so that i can assess the data properly.

These are the trades so far today and its only 2:30pm Monday here, i expect there to be a lot more transactions over night once the European and USA markets open.

image.thumb.png.55581bdf961712575f318382f466cf23.png

Share this post


Link to post
Posted (edited)

Did you think about going back to trading stocks?  Binary 'trading' is now regulated, but not before a lot of people lost a lot of money it seems ... high-stakes poker kind of stuff.

What is this auto-trader, is it an algorithm that runs constantly in the background like a private server in MT4?

Edited by dmedin

Share this post


Link to post

I would never go back to trading stocks after trading index's watching 1 chart which covers the top 200 stocks is a lot less time consuming than watching 200 stocks, its also cheaper to trade and much quicker with CFD's than actually owning the stock outright.

Yes @dmedin, its a series of algorithms that operate on a server not on my PC, so that it will run 24/7. I have a copy of the program that i could make it run on my PC, but if i suffer a power or internet failure, then it wont be trading, so better to have it off site.

 

 

Share this post


Link to post

@dmedin, Below is every trade its made so far up till midnight the 10th June. which is only 18 days of trading so far.

I can tell you that today it cracked the $400 profit mark.

image.thumb.png.4ebb7ca1baa1988e10cbbac284ba4759.png

  • Like 1

Share this post


Link to post

Well another week has flown past, the auto trader program is still moving in a positive position, although this week has seen it slow down in its number of trades, its still added another $100 to my trading account. Which cant be all bad as i never once studied the market to place trades.

Am now looking at expanding on the number of pairs it is trading but will also include Gold and and couple of Indexes like the AUS200.

 

image.thumb.png.22f74546c80e1cf1a1689aa09e0d8e86.png

Edited by davidbrister

Share this post


Link to post

@dmedini spent $5500 to start with, and just today i spent another $15,000 buying the pairs to trade, its a huge gamble, and its not for everyone. But i know if i traded that money on my own i would ultimately lose more than i make given some of my history maybe maybe not, but for me removing the emotion of fear is a blessing. Every night while i sleep, the program has produced a positive return, being in Australia my night is your day and more economic activity happens over my night. 

the first 2 weeks were a trial with only $500 and 2 pairs trading making $42, the last 2 and a bit weeks have been since i spent the $5500 and its made $450. so initial cost could be recouped in as little as 10 weeks if the market plays nice.

Now i have jumped in the deep end and we will see what happens, all of which i will show here. 

Share this post


Link to post

@davidbrister

Hi David, how do you mean $15,000 buying the pairs to trade? can't you trade any pairs you like with this program.

Share this post


Link to post

@Foxy No you cant just trade anything, its licenced, i believe there are 61 pairs/markets that the program can trade in.

Each Pair has a retail price of $3300inc but i never paid that, i got my initial 5 pairs for $5500.

For my $15K i got another 20 pairs, this time including Gold, and a couple of Index's.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      6,898
    • Total Posts
      32,534
    • Total Members
      42,421
    Newest Member
    ExoticBloodz
    Joined 19/06/19 00:53
  • Posts

    • @Foxy No you cant just trade anything, its licenced, i believe there are 61 pairs/markets that the program can trade in. Each Pair has a retail price of $3300inc but i never paid that, i got my initial 5 pairs for $5500. For my $15K i got another 20 pairs, this time including Gold, and a couple of Index's.
    • If one was unsure about investing in specific funds and trusts then they could consider constructing an ETF portfolio based on these technology themes. The potential is there for higher returns on specialist funds and trusts due to stock picking and capital allocation strategies. However, an ETF, will be a lower cost option but not necessarily a better performing one.
    • Now I have openly shared that I have invested in Bitcoin via XBT Provider One in the SEK (Swedish Krona) currency as I am not sure what the future for the Euro holds with Brexit uncertainty and what any hard Brexit implications may be for other EU Member States. However, you can invest in this in EUR currency too. The same applies for in Ether as well. It now offers ETN's for XRP and Litecoin.  There is also the Grayscale Bitcoin Investment Trust which is trading at a premium but if Bitcoin does well then this too could flourish for investors. This product is more for investing in Bitcoin rather than trading it. It presents a great way for an someone to gain exposure to Bitcoin in their portfolio without having to either physically acquire it and opening a Crypto Wallet, etc. or trading it. I believe nearly 3/4 of the demand from investors investing in this trust is from institutional investors including hedge funds based on the first quarter of 2019.
×
×