What IF you have a Holygrail Automated System?

What IF you have Holygrail Automated System?

I have been forex trader , programmer over the years spanning around 10+ years, today I thought about writing a bit what next if you have holygrail automated system and its challenges. I thought of making this more interactive in the sense asking some questions to self and reverting my inline answers :

1. Why do you think the system you possess is Holygrail?

1. I don't know but its capable of making 20% every month what ever the market conditions consistently using good MM

2. Well which pairs does it trade?

 

1. It can trade any currency pairs, however Gold XAU/USD and XAU EUR are the top performers...

3. Interesting...,is it technical or fundamental system?

 

1. It's just little technical + more of common sense (relies on hedging principles to protect risk at all times)

4. Do you want to sell your system or give it for free?

1. No to both of it

5. What's your next step, do you want to set the world by fire and start a live account(portrayed with FF Explorer/Myfxbook) showing your consistency?

 

1. Yes I can do that, my fears now have vanished on the system handling different market conditions after working over several years and fine tuning it to the core.

6. What the heck, do you fear anything else?

 

1. I fear that If I am running my system on a retail forex broker. What if they don't give withdrawal payout after the cumulative profits accumulated is substantial??, Provided if they haven't indulged in any gimmicks at first place to make it falter pretty earlier : )

7. If you gotta worry just on retail forex broker, why don't you move ahead with institutional brokers?

 

1. I tried filing my application for opening one with LMAX FSA Regulated UK Broker their min is 1k provided If I open my account through forexcashbackrebate, heard good reviews about them in many online portals. Lets see if my application goes through

8. Do you want to prove your mettle or gratify your ego by participating in forex championship and top the board?

 

1. haha good one my inner voice for asking this.., there are several 1000 systems getting released every day what does it infer? ,the ones who have solid system don't need marketing or advertisement rather find a nice platform/broker to work with & not worried on external paradigms/influences rather have a free hand fighting out the HFT algo's from big banks and getting some little safe profit to take home each month !

More to follow...




-Scoobi

Dont be shy, go ahead surprise us.:-)
Btw, lmax requires 10k min

lol tk, they require 10k min if you directly open a/c. however if you take forexcashbackrebate site route they accept 1k min too fella. I can't comment further as they will take time to scrutinize retail accounts opened and don't give more leverage than 100:1 which itself is fanastic I bet...

Man this thread is lol.. (not because you don't have the holigrail but you just invited a bunch of whinner)


To claim that you even have an "EA of holigrail" is every noobies dream... zero effort and money flow in automaticlly no stress...

Now you going to have to deal with "can i have it? please plz plz plz plz..."


As for the broker
It seem to me you have a "problem" with the 1,000$ requirement for initial deposit? ( yes i know tk5 say 10k.. but you think it was 1k and 1k seem to be your HUGE money). If you have less than 1000$ or even 5000$ the broker won't take your money. So you can put in say 400$ and win to 5000$ then withdraw...3000$
rinse repeat until you get 10,000$ profit then you put 10,000$ in the institutional broker...

As for the top performer it's obviously gold pair move 600-1000 pip on average per day so that's an unfair comparison vs currency pair...

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Seriously though If I have a holigrail EA i would just never tell the world .......... no one do..............(even if it can save the whole country ( i didn't say the world) but one whole country ..is enough) .

We are all greedy like that... using holigrail to suck/take money from the losers making them poor to make us rich........ I am sure you will eventually donate to your country school and hospital in the future with your holigrail profit.......

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Side note: Programmers alway have the advantages fast backtest many strategies with different parameter

1. Why do you think the system you possess is Holygrail?
I don't know but its capable of making 20% every month what ever the market conditions consistently using good MM

These are some of fact of compounding. If you can make 20% CONSISTENTLY and i would start straight away.

I am all ears up. Subscribed.

Victor ,

Thanks for the advise of "Rinse and repeat". Agreed.

My intention is just to speak my mind not for noobs to ask for holygrail etc.., am not climbing this as holygrail also . Its not based on back test and jumping from the roof

Regards,
Scoobi

You said it's not base on back test that mean you must have forward tested already...

Is there anyway you can show us the "curve" of your balance it's won't show how you trade obviously. I just want to see a nice curve up.


Here is my curve from 2011 to 2014 live account

I am all ears

oh no not again..
although it is Sunday and time for all things Holy

Yes Victor I have forward tested with most renowned ECN retail broker, equity curve was nice and smooth before some miserable experiences caused by sudden widening of XAU/USD spread by 6.5USD from 30points . Upon talking to their support, the reason given was crap i.e they didn't get any better quotes from their bank at that point.

I felt decimated for none of the fault of the system why should I suffer because of sudden spread widening,slippages and what not..., upon digging further I got to know about institutional liquidity providers like LP, LMAX etc..

I am still open to start with a broker whom can be trusted for trading on XAU/USD and XAU/EUR pairs, if you have suggestions please let me know.

Regards

I live in USA so I don't have anyway to trade gold in a forex base due to ban restriction by regulator...

So I can't help you on that. But you should just trade with the top broker like oanda, fxcm, dukascopy.
You said your system work with any pair so you should just forget gold...

If you trade with those broker they will give you the money withdraw...

Got your point, it works on exotics like EUR/NZD and GBP/AUD etc.. too. Let me give it a shot!

Cheers,
Scoobi

Then why even talk about it?

Found a ECN broker to work with , will start a live acct from scratch to get going.. thanks!

A documentary about LTCM

Two geniuses that thought they had found the holy grail. In reality they didn't have enough data.

What you are trying to achieve thru this thread??? Do you want some help with your EA? Would you like to prove that it's making 20% a month???

None fella AKCodingEye , I am not making any crazy claims that I am making 20% a day and all that...

I had developed a good system after spending lots of time over the years which makes about 20% each month , personally when I tried with True ECN Broker called "ICMarkets", it was on the right track before that spread widening happened letting me stop trading live with the system





I got headsup from FF forum members to try out a new broker whom I will get started again today starting afresh..,will keep you posted.

Cheers,
Scoobi

Added trade explorer of 1k usd live a/c at the top of the thread .
Myfxbook url can be found here

Pairs :

1. XAU/USD (Spread 30points floating)
2. XAU EUR(Spread 55points floating)

Broker Commissions for above pairs : None




No Martingale/Arbitrage/Latency Mechanism used

Hedging =Yes if needed

If I had an EA that guaranteed consistent profit for the rest of my life (I assume that's what is meant by "holy grail"), I certainly wouldn't be posting about it on forums. What would I have to gain, apart from having my ego stroked by a multitude of newbies begging me to share it with them?

And what would I have to gain from posting a myfxbook or Trade explorer, when I can already see the P/L in my live account for myself --- unless I was trying to sell something?

If you're looking to sell your system, you should have posted in the Commercial forum.

However, if your questions are genuine, you might find some answers here and here.

Those are valid reason, hanover.

But as for me I don't mind seeing the impossible...live.

I have never seen any myfxbook account hit 1 million$....profit + balance ... (obvioiusly for good reason because it's too good it take down before the begging continue).

But just maybe maybe ... Scoobidoobi will the first one to show... everyone his EA win 1 million$. I don't need his system. But i do want to see if some one there can do this...with an "EA"...


As for Scoobidoobi, I already warn you man ... if you playing with the pair that crash your balance before you going to get burn again. Why don't you stick to safe currency ... instead of risky gold........