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Fabio
2008.10.16 02:35
5674 wrote >>
Hi Kent, Yes, I saw those videos the other day. Keep us posted on your progress with it. In the meantime, I've decided that the robot should not be left alone! Since I left for work this morning the FAP robot went bonkers. It had 9 losing trades and 8 positive trades today. There are still 2 open as I'm typing this, in the green so far. So apparently my changing the stop loss only resulted in basically a 50/50 day except for the two trades that are open right now. So I have a gain! The Cash Pilot has 1 losing trades open right now down about 17 pips.... since this is the first lose and its a substantial one, I may just close it out before it gets worse. I'll keep an eye on it for a few minutes. The Wednesday auto pilot made no trade today at all. Last wednesday it had 2 postive trades. Regarding your question about running the robots on my puter. I'm running them on my laptop. I don't really like leaving it on all day but while I'm testing it, I will. I checked my task manager and with the robots running, my CPU usage is very small, and I haven't had any problems running any other programs while the robots are working so for now I'll leave it at that. But.... I was out shopping the other day and thought about buying a new laptop just to do my forex trading.....or....I may just buy a new flatscreen so I have one screen set up just for the trading window to keep an eye on it while I'm doing other work. Just my thoughts. My consensus right now is to continue testing the Forex Killer and only run the robots when I can keep an eye on them! :-) Gee, they're just like having to watch children! hahahaha! Have a great night! Lori Hi Lori, can you tell me how do you use Forex Killer ? which timeframe do you use, which currencies/pairs. I tried it, but with not very good result. On top I think you must be attached to the video and follow the trade very carefully. This is something I can't do because I'm a 9/5 workers :-) Thanks Fabio |
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5674
2008.10.16 03:10
Fabio wrote >>
Hi Lori, can you tell me how do you use Forex Killer ? which timeframe do you use, which currencies/pairs. I tried it, but with not very good result. On top I think you must be attached to the video and follow the trade very carefully. This is something I can't do because I'm a 9/5 workers :-) Thanks Fabio Hi Fabio I work 9-5 too. I usually trade early in the morning before I go to work, catching the middle to end of the European trading market. By video are you talking about the trading platform? To use the Forex Killer, you need to set your chart to 4 hours and then save it to file. then load the file into the Forex Killer program, set the preferences and then hit the calculate button. The results will yield both long and short term calculations. It's very importang to check the probability percentages as the good trades will have a percentage of 70% or more though I have traded when it shows a bit less and still come out in profit. The program also tells you when it is not a good time to trade. When you get your signals, set your trade then modify it with the given numbers. Most mornings I sit and watch it since I put in the short term settings. But some days I've tried the long term settings and go to work. When I get home, my trades have closed and they're all in profit. I'm really fascinated by this program and while it's not a robot, it has a much better profit rating than anything else I've tested. I'm still testing with my demo account but thinking about trading with my real account very soon. I think I'm going to give it another week to be safe! As far as currencies used.... I've tested EUR/USD, USD/CAD, and USD/JPY so far. The program itself shows 13 pairs that can be used as well as gold though I don't trade gold. Sometimes I'll do some trading after 9pm EST. That's why I love forex. the hours are great for us with the day jobs! If you have any other questions, I'll be glad to help as best that I can as I'm still in learning stages. I read alot of books too and do some real trading on my own too but very cautiously these days! Lori |
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milker
2008.10.16 09:32
KenL wrote >>
The Steinitz robot seems quite complicated compared to the others I've seen. This could be both a plus and minus. The one review site I mentioned the other day comented on this. His opinion was that it was too complicated, and he already had easier robots that worked well. He did acknowledge that the Steinitz had better results so far in the live tests on forex-robots.com, but his approach was to build a portfolio of capable robots and average the results. In his case simplicity was more important. It seems that this robot has a lot of user adjustable variables, its capable of trading on multiple time frames and across multiple pairs, and its inner workings are very transparent. The number of choices can be confusing, but I think they may also allow it to be tuned for different market climates and for different results. I need to get a copy, or write to Don Steinitz about this. I have quite a few questions. While I'm at it. Do you plan on running all these robots on your home computer? It may turn out to be too much of a load. I havent checked them yet, but there are a couple of sites that will host your robots for you on a secured server. I'm not sure how much they charge, but it may be the best way to run multiple robots without interference from other work. I'll check into them further as I get deeper into this. Don Steinitz has a couple of video clips on Google that are worth watching. Mostly he's showing his results, but it also shows the robot in action and how his Heiken Ashi indicator works. Kent Email me : lcinterior@pacific.net.sg |
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5674
2008.10.16 14:53
5674 wrote >>
Hi Fabio I work 9-5 too. I usually trade early in the morning before I go to work, catching the middle to end of the European trading market. By video are you talking about the trading platform? To use the Forex Killer, you need to set your chart to 4 hours and then save it to file. then load the file into the Forex Killer program, set the preferences and then hit the calculate button. The results will yield both long and short term calculations. It's very importang to check the probability percentages as the good trades will have a percentage of 70% or more though I have traded when it shows a bit less and still come out in profit. The program also tells you when it is not a good time to trade. When you get your signals, set your trade then modify it with the given numbers. Most mornings I sit and watch it since I put in the short term settings. But some days I've tried the long term settings and go to work. When I get home, my trades have closed and they're all in profit. I'm really fascinated by this program and while it's not a robot, it has a much better profit rating than anything else I've tested. I'm still testing with my demo account but thinking about trading with my real account very soon. I think I'm going to give it another week to be safe! As far as currencies used.... I've tested EUR/USD, USD/CAD, and USD/JPY so far. The program itself shows 13 pairs that can be used as well as gold though I don't trade gold. Sometimes I'll do some trading after 9pm EST. That's why I love forex. the hours are great for us with the day jobs! If you have any other questions, I'll be glad to help as best that I can as I'm still in learning stages. I read alot of books too and do some real trading on my own too but very cautiously these days! Lori hi again, well this morning was certainly interesting. I let the robot loose last night before I went to bed. Woke up to more losses than wins. sigh And then one more time, used the signals from Forex Killer two times. One with a probability of 58% and one at 74%. Needless to say, I had a nice 30 pip profit using the 74% rating. And then the battle began..... after my entry using the signals, I was watching it and suddenly about 6 minutes later, the robot entered an order for the same pair totally against my entry. It became a battled between the two for several minutes. And then poof, Robot lost...Forex Killer wins. This robot seems to enter random orders constantly. Overnight it did have a good streak where it had 3 positive trades and then the tables turned later on with 5 straight losses. Eeek ! I am going to do some more investigating and look into changing the settings once more. ok, my morning test is over for now....time to get to the day job! :-) Have a Great day everyone! Lori |
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Fabio
2008.10.16 15:46
5674 wrote >>
hi again, well this morning was certainly interesting. I let the robot loose last night before I went to bed. Woke up to more losses than wins. sigh And then one more time, used the signals from Forex Killer two times. One with a probability of 58% and one at 74%. Needless to say, I had a nice 30 pip profit using the 74% rating. And then the battle began..... after my entry using the signals, I was watching it and suddenly about 6 minutes later, the robot entered an order for the same pair totally against my entry. It became a battled between the two for several minutes. And then poof, Robot lost...Forex Killer wins. This robot seems to enter random orders constantly. Overnight it did have a good streak where it had 3 positive trades and then the tables turned later on with 5 straight losses. Eeek ! I am going to do some more investigating and look into changing the settings once more. ok, my morning test is over for now....time to get to the day job! :-) Have a Great day everyone! Lori Hi Lori, thanks for your hints;-) In this last mail of which robot are you talking about ? is it Autocash robot? In my demo it enter only one trade per day and some day even no trade at all . BTW returning to the Forex Killer : I think it's very important at what's time you run the Forex Killer, because I did the same with EUR/USD, GPB/USD on 4 hour and daily chart, but most of the time it was no good signal. I'm based in Europe (Belgium to be precise) so I'm @ NY EST + 6 . And you ? Ciao Fabio |
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5674
2008.10.16 16:01
Fabio wrote >>
Hi Lori, thanks for your hints;-) In this last mail of which robot are you talking about ? is it Autocash robot? In my demo it enter only one trade per day and some day even no trade at all . BTW returning to the Forex Killer : I think it's very important at what's time you run the Forex Killer, because I did the same with EUR/USD, GPB/USD on 4 hour and daily chart, but most of the time it was no good signal. I'm based in Europe (Belgium to be precise) so I'm @ NY EST + 6 . And you ? Ciao Fabio HI Fabio, I'm in NY and I usually trade between 5 and 7am and sometimes 9 and 11 pm EST. I rarely get to trade the NY market as I'm at work but sometimes I do on fridays when I'm off. The robot I was talking about is the FAP, Forex Auto Pilot. The Cash pilot is the same with me....sometimes it trades and most times it doesn't. I suffered a big loss with it yesterday and stopped it before it got too bad. I would suggest to try different times with the Forex auto pilot. It wil tell you when the signal is a good time to trade and you will be successful with it! Now I need to jump in the car and get to work! Hope you have an awesome day! Lori |
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KenL
2008.10.16 17:08
Lori, I had that same losing trade on autocash yesterday morning, but it finally closed positive. But only by a hair, it caught a very lucky bounce, otherwise it would still be open. It bought at 15:10 (8:10) @ 1.3635 and sold at 17:41 @ 1.3640. No trade on the GBPUSD either. This whole robot idea has me fasinated, but I still dont trust them. Too many black box systems, where their trades seem somewhat skeptical, and too many mixed reviews. I prefer a trade that I can see and understand and position my own stops. The idea of monitoring them is fine, if they trade the way you like, kind of like using a signal system, with the advantage that the robot can initiate the trades for you, and monitor them, and take profits. This is sort of what I am after. This AutoCash robot has been making little bits of money, but its not the kind of program I could monitor and use in a way I understand. However, I could give it a set amount of money, that I could afford to lose, and just put it somewhere and let it run indefinately. Kind of a background employee. It could generate its little bits of profit, while I do other things. At least that was my original idea. I'm not so sure it can work as well with a real money account. I need to open an account that has micro lots so I can test it on real money safely. FXDD seems likely, I'm not particularly satisfied with ForexMeta, their spreads are a pip higher than others and their rollover rates dont compare well either. The Steinitz robot appeals to me because it's a trend following robot, and I understand that well. Also its Heiken Ashi signaling system looks like it could be used in my own trading as a confirming/directional system, allowing the robot to do the short term intra day trading, while I use it to do the swing and trend trading that I like. The only thing thats held me back is a number of negative reviews I've read. This keeps me searching trying to confirm things one way or the other. But it still appears to have the greatest use to me. Originally I thought I might be able to design my own, but that seems a little far fetched. It looks like you need a degree in programing to build one of these. |
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ttradr
2008.10.16 18:28
KenL wrote >>
Lori, I had that same losing trade on autocash yesterday morning, but it finally closed positive. But only by a hair, it caught a very lucky bounce, otherwise it would still be open. It bought at 15:10 (8:10) @ 1.3635 and sold at 17:41 @ 1.3640. No trade on the GBPUSD either. This whole robot idea has me fasinated, but I still dont trust them. Too many black box systems, where their trades seem somewhat skeptical, and too many mixed reviews. I prefer a trade that I can see and understand and position my own stops. The idea of monitoring them is fine, if they trade the way you like, kind of like using a signal system, with the advantage that the robot can initiate the trades for you, and monitor them, and take profits. This is sort of what I am after. This AutoCash robot has been making little bits of money, but its not the kind of program I could monitor and use in a way I understand. However, I could give it a set amount of money, that I could afford to lose, and just put it somewhere and let it run indefinately. Kind of a background employee. It could generate its little bits of profit, while I do other things. At least that was my original idea. I'm not so sure it can work as well with a real money account. I need to open an account that has micro lots so I can test it on real money safely. FXDD seems likely, I'm not particularly satisfied with ForexMeta, their spreads are a pip higher than others and their rollover rates dont compare well either. The Steinitz robot appeals to me because it's a trend following robot, and I understand that well. Also its Heiken Ashi signaling system looks like it could be used in my own trading as a confirming/directional system, allowing the robot to do the short term intra day trading, while I use it to do the swing and trend trading that I like. The only thing thats held me back is a number of negative reviews I've read. This keeps me searching trying to confirm things one way or the other. But it still appears to have the greatest use to me. Originally I thought I might be able to design my own, but that seems a little far fetched. It looks like you need a degree in programing to build one of these. I had ALMOST same trade with AutoCashRobot yesterday: It bought at 15:10 (8:10) @ 1.3635 but mine sold at 17:41 @ 1.3642. Also, my Wednesday robot did Not trade on the GBPUSD either. |
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KenL
2008.10.16 22:19
ttradr, That might be a diference in brokerage. I am on the ForexMeta demo, with a 3 pip spread, almost all my trades give me 5 pips profit. When I have gotten different results it is usually do to conectivity problems. The high on that bar was 1.3643. If the robot didnt get that break it would still be in the trade, and ForexMeta is charging a -1.47 rollover on the EURUSD long. I find this strange as FXDD is paying a +2.00 rollover. |
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5674
2008.10.17 03:59
KenL wrote >>
ttradr, That might be a diference in brokerage. I am on the ForexMeta demo, with a 3 pip spread, almost all my trades give me 5 pips profit. When I have gotten different results it is usually do to conectivity problems. The high on that bar was 1.3643. If the robot didnt get that break it would still be in the trade, and ForexMeta is charging a -1.47 rollover on the EURUSD long. I find this strange as FXDD is paying a +2.00 rollover. Hi Kent, I agree with you totally....the robots are fascinating but hard to trust. I shut my computer down during the day today....after losing $2000 with the robots while I slept, I didn't want to come home to see more losses. I'm still not sure I would ever let them run free with real money especially since the market is so volitale lately. They really need to be watched carefully. Forex Killer came out with a newer version this week to accomodate for this current market and so far so good. As far as brokers, isn't forexmeta a division of FXDD? I'm in search of a decent broker as I have some serious issues with my current broker. I was over at the forexpeacearmy reading all the reviews and now I'm even more confused, though I have been sort of thinking about trying FXDD. I'm going to continue to test the Forex Killer for another week and then try it with a real account to see what happens. In the meantime, let us know if you get Steinitz robot. If I were to try another one, I think that would be it. Have a Great night! Lori |