Currency analysis

So far, I am quite surprised at the accuracy of the bot. Compared to the morning scalper which is manual, the bot is registering profit consistently. I'll need to analyse further. 51% for the first month is very good.

New method on 2 currencies

Morning scalper based on some parameters. Let's see how this test goes. Started this week. Let's see how it runs over a month. If it works fine, I'll see if this can be automated.

EU Financial Crisis explained

The Greek Crisis Explained, Episode 1 from NOMINT on Vimeo.

The Greek Crisis Explained, Episode 2 from NOMINT on Vimeo.

The Greek Crisis Explained, Episode 3 from NOMINT on Vimeo.

Forward tesing with my EURUSD bot

Set this up to trade all day. The objective is to find which is the best time to trigger to bot to action. Let's face it, time is an element that traders need to consider along with price. I'll let this run for 2 months and determine which of the times I will let the bot lay low and when I should trigger it.

This is the stats. You can keep by bookmarking.

Forex

After some fair results in futures, I decided to move to FX. There are several reasons to this move.

1. I do not have full mornings 3 days a week to trade futures. I am currently back to school in Toronto, Ontario, Canada. Mondays are too slow, Fridays are a little too crazy sometimes.
2. FX can be held 24/5. Starts Sunday 6pm EST and ends Friday 6pm EST. Positions can be held overnight.
3. The contract or lot size is variable. You can trade sizes less than 1 lot. For example, 0.22 lots for EURUSD = 22,000 EUR. A full lot is 100,000 EUR. The futures contract is fixed even for 6E, The CME equivalent of EURUSD.
4. With the above in mind, I can vary my risk according to my targets. And example will be I can trade with 0.1 lots minimum with a target of 50 pips and a stop loss at 100 pips. I won’t gain much and I won’t lose a much either. The bottomline is I have gains.
5. FX Robots. Yes, some might say where is the fun in trading using robots. This is a business not for entertainment. Bots do take out the emotional element. Some of us, how strong we are do get knocks emotionally and it affects our trading performance. Bots follow a plan to the strictest of rules which we sometimes bend or break.
6. My belief is that bot trading is going forward. We electronic traders have more or less displaced pit traders. Now it is our turn to be displaced by bots. Now it is who programs better logic to their bots.
7. I am trying to learn more about C# in school and hopefully program a bot based on Ninjatrader.

My Study Time Table

6E & CL Trade 18 - 19 Oct

1309h EST Well stupid me tried 6E again on shorts which was wrong. Lost 51 ticks with those trade. Took 16 ticks back on CL. I think I will just stick to CL. I could have taken more from CL just that I have the jitters.

The action was a triangle. I had some shorts but was skiddish and did not carry out the plan. In fact, long positions would have given me more confidence. I did not wait for it. Tired from the 6E trades that I went to bed at 1200h EST.

Took a short at 80.30 at 0000h EST, just 1 contract, 20 tick gain exit at 80.10. Good start of the day.

The action on crude so far. The green lines is the triangle channel and it broke upwards at 1321h EST.