Robot trading

just a quick post..I honestly believe that to make long term daily trading descions you need to trade a mechanical system perhaps with paper rules but carved in stone.

In Futures Im 100% mechanical but my plateform cannot access all the swaps I want I there for downloaded Meta Trader reading some threads it seems a few of you like VTrader.

can some one just give me a quick heads up on the pro's and cons of each please. ie what is the easier to programme in etc etc.

Ok let me put my head on the block now

Positions open

EURUSD-Short 1.4619 1st tgt 120pips - hit -rest 50% open
GPBUSD- short 2.0200 1st tgt 200 pips - hit -rest 50% open
AUDUSD- short 0.8830 1st tgt 140 pips - hit- rest 50% open

recently closed trades

USDCAD -130pip loss
EURCHF- 1st tgt hit +75 pips 2nd half stopped break even
GBPCHF- 1st tgt hit +207 pips 2nd half closed +90 pips
EURGBP - 1st tgt hit +56 pips 2nd half stopped break even


Position opened last night

EURGBP - Long 0.7198 1st tgt 50 pips at 0.7248

if this hits 50% will be closed and stop bought to break even.

Good trading

Paulus

I don't use either of them anymore, but you will likely get more help with meta trader. and more brokers to choose from.
VT trader only has CMS for a broker.

As a programmer, I like metatrader better. Mainly due to its similarities to C programming.

Now.... you can't come in here and tease us like that, if you are able, share your system with us.

A quick update on Positions

Positions open

EURUSD-Short 1.4619 1st tgt 120pips - hit -rest 50% open .stop = 1.4440
GPBUSD- short 2.0200 1st tgt 200 pips - hit -rest 50% open. stop = 2.0137
EURGBP -Long 0.7198 1st tgt 50 pips - hit today-rest 50% open stop = B/E



Closed today

AUDUSD- short 0.8830 1st tgt 140 pips closed remaining +177 pips total = 317 pips

Position opened tonight

EURCHF Long 1.6607 1st tgt = 59pips at 1.6666
EURJPY Long 163.98 1st tgt = 137 pips at 165.35

if 1st tgt hit 50% will be closed and stop bought to break even.




recently closed trades

USDCAD -130pip loss
EURCHF- 1st tgt hit +75 pips 2nd half stopped break even
GBPCHF- 1st tgt hit +207 pips 2nd half closed +90 pips
EURGBP - 1st tgt hit +56 pips 2nd half stopped break even


Good trading

Paulus

I have used both.

If your not into programming, VT trader is soooo simple. You can pick up template systems and adapt them for your own use. I love it, but it has down sides. You cannot access information accross instruments or timeframes. You are locked into the instrument and timeframe of the chart. I do get disconnections occasionally. I'm not convinced that the servers are as solid as I would like them to be for autotrading.

I find Metatrader difficult to program. I'm getting there but slowly. You can access information from other timeframes and instruments. At the moment I'm using both because I have indicators in VTrader that I haven't successfully programmed in MT4 yet. I also have indicators in MT4 that it is impossible to get in VTrader.

I haven't tried position control in MT4 yet because I'm not that good at programming it yet, whereas I found VTrader to be fairly straight forward.

Hope my observations help. I have had no problems with any of the Market Makers that use either software.

Good Advice .. thanks for the post

I love simple..so many times traders try to complicate things by adding several indicators all conspiring against one another.

My approach is simple..... You need an edge once found carve out some rules,dont expect to win every trade.I would trade a system that gave me 40% winners with a risk reward of 3:1....if your bank is the right size and your stake is in the correct proportion youll be quids in

cheers

Paulus

Ok is my inexperience showing here do you guys open postions on a Friday evening ? ..well here are my 2 trades i took at 9pm with capital spreads.

targets are worked out by taking the ATR of the last 5 days and adding that average points total to my 'fill' price.My thinking behind this

If the last 5 days have had an average move of 80 points why set a tgt of 30 ?

If the last 5 days have had an average move of 30 points why set a tgt of 80 points ?


The 1st is EURCHF .. from a technical point of view ( It doesnt enter into my mind set at all..this is 100% mech giuded by indictaors,although I do realise technical does mean inds)

we have had higher highs and higher lows so possible trend continuation,nice up channel 1st target ( blue line) is below last swing high.

Down side could be forming lower high as per pattern 9th Oct to 31st oct,but no diversity on top indicator to hint of possible down side.

The 2nd is EURJPY lower low possible sideways move,diversity on top ind but not complimented by bottom ind..plus is that the 1st target ( blue line) is at last swing high.If we make that 1/2 will be closed and stop bought to break even on remainder in case of fall after double top.If top breaks hopeful of move up to highs of 31st oct.

Signals update..not normaly done untill 9pm but as its a special occasion ...lols

I love this Forex should of moved over years ago.. I like the feeling of making money whilst asleep although Im very aware that weapon cuts both ways..

Have a happy one to all on Forex Factory

Up date on my open Forex positions

EURUSD short ( 13th ) at 1.4619 Banked 120 pips on 1st tgt stop set at 1.4440 currently up from entry on 2nd 50% 214 pips
GPBUSD short (17th) at 2.0200 Banked 200 pips on 1st tgt stop set at 1.9990 currently up from entry on 2nd 50% 434 pips
EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 89 pips
EURCHF long (21st) at 1.6607 Banked 59 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 62 pips
EURJPY long (21st) at 163.98 1st tgt 137 pips not reached currently up from entry on full position 87 pips

Total points banked = +429 pips
Remainining 50 % and still live = 889 pips

Total pips gained for positions totally closed

USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips


I will look at 9pm for new positions .. The Emperors holiday today all banks in Japan closed so very very low vol on JPY so happy to see 87 pip gain today on that position

have a good one

Paul

Hi all..hope Santa bought you every thing you wanted !!

Updated in Blue

New positions = None but Possible short EURUSD next few days
Possible short AUDUSD next few days



Up date on my open Forex positions

EURUSD short ( 13th ) at 1.4619 Banked 120 pips 2nd tgt stopped for +183 points today - total = +303 points
GPBUSD short (17th) at 2.0200 Banked 200 pips on 1st tgt stop set at 1.9990 currently up from entry on 2nd 50% 434 pips
EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 89 pips
EURCHF long (21st) at 1.6607 Banked 59 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 62 pips
EURJPY long (21st) at 163.98 1st tgt 137 pips not reached currently up from entry on full position 86 pips

Total points banked = +612 pips
Remainining 50 % and still live = 706 pips

Total pips gained for positions totally closed

USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips
AUDUSD- profit +317 pips


Total = + 655 pips




have a good one

An update on positions


A new update

GBPUSD got stopped today...pips gained on final 50% = 302 giving a total gain of 502 pips on this trade

Updated in Blue

New positions = None but Possible short EURUSD next few days
Possible short AUDUSD next few days



Up date on my open Forex positions


EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 89 pips
EURCHF long (21st) at 1.6607 Banked 59 pips on 1st tgt stop set at break even currently up from entry on 2nd 50% 62 pips

EURJPY long (21st) at 163.98 Banked 137 pips on 1st tgt stop set to break even currently up from entry on full position 14 pips


Total pips gained for positions totally closed

USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips
GBPUSD - profit +502 pips
EURUSD - profit +303 pips

Paulus

Happy New Yearto you all..hope things arnt too painful !!!

A quick update..


Have closed 2nd halve of EURJPY yest for a total of 59 pips .. Total gain on position +196

Current open

EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt stop set at 0.7274 currently up from entry on 2nd 50% 153 pips

New positions = EURCHF Short 1.6538 1st tgt = 1.6487 ( 51 pips)
GBPJPY Short 221.40 1st tgt = 219.25 ( 214 pips) looks ugly but must ignore as mechanical

Total pips gained for positions totally closed



USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips

GBPUSD - profit +502 pips
EURUSD - profit +303 pips
EURCHF - profit +59 pips
EURJPY - profit +196 pips

Good strike rate at mo

Over 2000 pips since I started this venture with only 1 losing trade for 90 pips

Anyway here is the update.

No new signals today

Both new trades hit their 1st tgt today as below,halve the position is cashed in and stop bought to break even.All 3 open positions are now risk free.


Current open

EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt stop set at 0.7275 - stop set to 7299
EURCHF Short (31st) at 1.6538 Banked 51 pips on 1st tgt ( half closed) stop set to break even -
GBPJPY Short (31st) at 221.40 Banked 214 pips on 1st tgt ( half closed) stop set to break even -

Total pips gained for positions totally closed



USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips

GBPUSD - profit +502 pips
EURUSD - profit +303 pips
EURCHF - profit +59 pips
EURJPY - profit +196 pips

No new positions

3 open positions all in +ve territory

here is a link to view the charts for the 3 open positions

http://jpegsonly.blogspot.com/

Results for the month without the totals of the 3 live trades still running

2120 pips gained
90 pips lost

Up date on my current positns

All entry exits stops etc are 100% mechanical

Link to charts of current positions - http://jpegsonly.blogspot.com/

TREND SYSTEM


Current open

EURGBP long (19th) at 0.7198 Banked 50 pips on 1st tgt,stop at 0.7440 currently up 353 pips

EURCHF Short (31st) at 1.6538 Banked 51 pips on 1st tgt ,stop set at 1.6410 currently up 264 pips

GBPJPY Short (31st) at 221.40 Banked 214 pips on 1st tgt ,stop set at 216.55 currently up 845 pips

AUDUSD Long (9th) at 0.8840 Banked 94pips on 1st tgt,stop set to break even currently up 68 pips

NEW SIGNALS

EURUSD long (11th) at 1.4776 1st tgt 98 pips at 1.4874

Total pips gained for positions totally closed



USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips

GBPUSD - profit +502 pips
EURUSD - profit +303 pips
EURCHF - profit +59 pips
EURJPY - profit +196 pips

Hi

New signal taken Friday 8.45pm EUR USD hit its 1st tgt of 1.4874 ( 98 pips)
Stop is now at break even.and 50% of the position is closed

Other positions at time of email are up 150 pips.

Excellent results there mate.

Update on all positions

Current charts can be seen here http://jpegsonly.blogspot.com/

Current open

EURCHF Short (31st) at 1.6538 Banked 51 pips on 1st tgt ,stop set at 1.6260 currently up 418 pips

GBPJPY Short (31st) at 221.40 Banked 214 pips on 1st tgt ,stop set at 215.15 currently up 1,232 pips

USDJPY short (15th) at 106.85 1st tgt 133 pips at 105.52

EURJPY short (15th) at 157.92 Hit 1st tgt 192 pips stop at break even

Total pips gained for positions totally closed



USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips

GBPUSD - profit +502 pips
EURUSD - profit +303 pips
EURCHF - profit +59 pips
EURJPY - profit +196 pips
AUDUSD - profit +94 pips
EURGBP - profit + 242 pips
EURUSD - profit + 98 pips

Hi 2 new signals today..... and 394 pips gained today on 1st tgts being hit so stops on those positions moved to break even leaving 50% of the position on..
The other positions were up around 150 pips also.

In total the 5 live positions at time of email were up a total of 1,928 pips if all live positions were closed out now.

NEW SIGNALS

USDCHF ( 23rd) short 1.0900 1st tgt of 132 pips at 1.0798

EURGBP (23rd) long 0.7481 1st tgt of 48 pips at 0.7529





RED HIGHLIGHTS EVENTS TODAY

Current open

GBPCHF short (22nd) at 2.1500 banked 261 pips on 1st tgt stop set to break even



EURCHF Short (31st) at 1.6538 Banked 51 pips on 1st tgt ,stop set at 1.6080 currently up 589 pips

GBPJPY Short (31st) at 221.40 Banked 214 pips on 1st tgt ,stop set at 209.40 currently up 1,283 pips

USDJPY short (15th) at 106.85 Banked 133 pips on 1st tgt stop at break even


EURJPY short (15th) at 157.92 banked 192 pips on 1st tgt stop at break even

Total pips gained for positions totally closed



USDCAD loss 90 pips
EURCHF- profit +75
GBPCHF- profit + 297 pips
EURGBP - profit +56 pips

AUDUSD- profit +317 pips

GBPUSD - profit +502 pips
EURUSD - profit +303 pips
EURCHF - profit +59 pips
EURJPY - profit +196 pips
AUDUSD - profit +94 pips
EURGBP - profit + 242 pips
EURUSD - profit + 98 pips

Hi Lion!

Looks like you have great success with your trading method. I agree with you that system must be strictly mechanical to be successful on a long run. Especially to avoid emotions!! Are you willing to share the system? Some of us would like to follow your trading.

Warm regards, Mark

Hi Paul

Shouldnt the TP for EURGBP be 0.7546 (as the ATR(5) is 65 pips) ?

Thanks

Pervaz