SourceCodeFX Trading Journal

Hi, nice to see you.


We are a professional team with 6-year automatic forex trading experiences. We provide forex managed accounts service and programming service.
We are the top trade leader ranked NO.1 on currensee.com:

http://www.currensee.com/custom/profile/?ticker=LIWWK.A&lead=web&camp=defau lt
And you can also check our excellent performance on myfxbook.com:

http://www.myfxbook.com/members/trad...ytrader/320952
http://widgets.myfxbook.com/widgets/320952/large.jpg

Trading Description:
Trading profile: Conservative/Normal/Aggressive ( the data of the following is the conservative system).
Risk per trade: < 2%
Target max draw down: < 15%
Target monthly ROI: 3% - 5%
Pairs traded: EURUSD, GBPUSD, AUDUSD
Trade Timeframe: 5M, 15M, 30M, 1H, 4H
Trade frequency: approximately between 50 per week depending on market opportunities
System type: Automatic trading system with manual control
System description: The system in includes breakout system, trend continuation and counter-trend system. SourceCodeFX trade the three EAs together but also with manual control.

Risk Control:
1. We use SL for each order and we control the max loss of per trade under 2%.
Actual for most order the SL is under 0.5%-1%.
2. We control the daily drawdown under 5%.
If the system hit the drawdown then we stop the system for a while.
3. We control the max account drawdown under 15%.

Risk Prefference:
Consevative: maxdd < 15% and 3-5% profit per month
Normal: maxdd < 30% and 6-10% profit per month
Aggressive: maxdd < 45% and 9-15% profit per month


Brokers: Mainly CFH Markets, Gain Capital, VantageFX and others

Minimum Deposit: $30k
Commission Fee: 35% (High Watermark)
Management Fee: 2%

Method of Payment: Bank wire and Paypal



I hope it's OK to put my trading journals here to share my performances and trading ideas.
Thank you.


Skype: sourcecodefx
E-mail: [email protected]
Website: http://sourcecodefx.com

Hi sourcecode, would you also share the way you trade ? and even attach an explorer to your journal ?

Best of luck,
BT

Hi broketrader,
thanks for your interest.
My system is based on several EAs and we mainly trade trend No martingale or grid systems.
Usually we also do some manual control.
I attached the explorer and I think you can check it again now.

Here is our latest performance (76.9 pips):
http://ww3.sinaimg.cn/mw690/7993df1d...20k506mtaf.jpg

Great performance, I hope you will continue that way

Hi SpyTrader,

Welcome to the club!
That's nice long history you got there. Keep it going.

Yes, very impressive, much respect. I have to say that I like trend following a lot. Keep going.

Performance of this week:

Risk control of SourceCodeFX:

We have an independent risk control system in SourceCodeFX.

1. We use SL for each order and we control the max loss of per trade under 2%.
Actual for most order the SL is under 0.5%-1%.
2. We control the daily drawdown under 5%.
If the system hit the drawdown then we stop the system for a while.
3. We control the max account drawdown under 15%.

I joined SourceCodeFX at April and made about 12% profit to now with the conservative strategy.
I am very happy with the performance and I want to increase more money.
Thanks guys!

Ha,there you are SourceCodeFx, I have follow your account on Myfxbook for a long time,good performance,and last month I finally decide to join your account managed service,good performance,keep making profit !this is my vantageFx account

Here is our latest performance. 65.3 pips gained.


http://ww2.sinaimg.cn/mw690/7993df1d...20mv097dij.jpg

Performance of June:

Profit: 5.01%
MaxDD: 2.43%
Trades: 277
Winning Ratio: 77%
Profit Factor: 1.39
Profit this Year: 32.13%

Thank you, broketrader
I hope you can gain lots of pips every day

Thank you, khanderoo
I hope you can succeed too.

Thank you, Hugh Briss

The systematic and proprietary automated trading programs that we use relies on three key pillars all contributing to a regular and sustainable performance as briefly explained below:

The directional system based on the entry/exit multi timeframe set of trading systems. The overall design of this trading system addresses frequent market anomalies (i.e. an oversold condition in an uptrend) and the logic behind it integrates separate trend and range components.
The risk management system seeks to limit losses during unfavorable market moves. It is subdivided into three routines: systematic stop loss placement, number of traded markets, and an individual/global management of open positions. Careful structuring of these elements is the driving force behind the capital protection system.
Finally the money management system selects the most appropriate position size according to the past and current account balance, and in doing so, greatly improves the gains of a strategy without increasing its risk. Money management is still not so widespread in Europe in spite of its high value, but since our favorite automated trading program is spearheading its use in our programs is evident and necessary.

Overall, several strategies in total contribute in a non-linear fashion to the managed account performance. Additionally the systems are monitoring and using approximately several different liquid pairs so as to generate a very high number of transactions, allowing the different programs, based on different investment profiles to reach a little faster the desired level of statistical validity. In fact every single strategy component is integrated on the basis of its contribution to the overall risk reward profile.

Yesterday, we gained 76.8 pips. Though the result of this month is still negative, we have the confidence to turn it into positive.

Last Friday we gained 108.8 pips