Last Week's Last Week's Top 10 Performers Sorted by Profit ($)

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__________________
*Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.

Links to third-party sites are provided for your convenience and for informational purposes only. Forex Capital Markets LLC bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

Hi all,

First of all many thanks to FXCM and Tradency for the good product. It needs to be improved, of course, but the idea is brilliant.

I would like to share my approach to the FSS and argue with the Moderator on the top performing systems.

First of all, I the systems which are posted as best performing, need to be rechecked for some period of time. 5 or 7 trades good and no DD, and the system is already in the top weekly performers? Ha-ha-ha!

I choose the systems:

1. With the acceptable profits and comparatively low DD (max. of 250-300 pips). I do not need thousands of pips in profits with the thousands of pips in loss. Trading these systems is wasting your time and money.

2. With at least 25-30 trades in history.

3. If the system vendor has at least a website and contact e-mail (some do not even have that - hahaha). Some of them have Live Chats, which is very convenient.

So, I would like to share the system I have tested on the FSS since January 08 and now it takes about 40% of my portfolio.

This is Intelliforex Swing and Intelliforex Intraday. They both have good performance (some pairs are more profitable - some are less) and acceptable DD.

I have looked through their website and it says that Swing system is traded by the software only, and Intraday is traded by the team of traders.

The performance is here:

http://fxcm.fx-performance.com/Defau...Forex-IntraDay

http://fxcm.fx-performance.com/Defau...lliForex-Swing

All the comments on the subject are appreciated.

Also, it is very interesting to hear what systems you are using personally/during what period/your experiences.

Cheers,

and1ce

Hi An1ce,

Acceptable profits and comparatively low DD are exactly the features you should be looking when searching a trading system.

Maybe you may want to have a look at our system FxGrup.

Top 10 performers last week sorted by Profit ($)

__________________
*Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.

Links to third-party sites are provided for your convenience and for informational purposes only. Forex Capital Markets LLC bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

I want to open a Selector account with only $2000.

The GFS-Castafx (EUR/JPY) has no drawdown yet, but trades several lots at a time.

Some advice, please, in choosing. What margin should I use for it, given my capital?

Would I be smart to choose this provider?


Thank you

I don't see this particular system listed on the System Selector, but I see that some of the other GFS systems average 4 trades at a time. With a balance of just $2,000 this could easily lead to a margin call.

What would the leverage be
Fixed Lot Size: 10K
Trades: 4
Exposure 40K
Balance $2000
Leverage: 20:1

What would the margin be?
Balance: $2000
Equity: $1984 (minus spread)
Used Mr: $200 ($50 x 4)
Usable Mr: $1784

With a usable margin of $1784 and each pip worth roughly $4 (40K), then you would receive a margin call after losing 446 pips (1784/4). Ideally you would give yourself more breathing room than this (keeping your leverage under 10:1) by adding more funds or choosing another system. If you do decide to proceed be sure to stick to just one system.

Below are the top 10 systems for last week sorted by profit ($)

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__________________
*Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.

Links to third-party sites are provided for your convenience and for informational purposes only. Forex Capital Markets LLC bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

Thank you for your voting results of the system you would most likely add to your portfolio. The InsiderBreakout (GBPJPY) received 45% of the votes, with EURJPY-Mover (EURJPY) a close second at 36%.

There have been a lot of new systems added to the menu of options over the past 60 days. This is a result of the demand and growth of clients opening live FSS accounts.

Below are the top 10 systems added to client's live FSS accounts during the month of June. You can view their performance by going to PERFORMANCE tab in the System Selector platform.

1. Pipsniper GBPJPY

2. InsiderBreakout GBPJPY

3. Wealthbuilder Striker EURUSD

4. Topsystem2000 USDCHF

5. Wealthbuilder Striker AUDUSD

6. Wealthbuilder Foxtrot EURUSD

7. CyclePeak EURUSD

8. Topsystem2000 USDJPY

9. Cornerstone-Zeus GBPJPY

10. CADJPY-Mover

__________________
*Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.

Links to third-party sites are provided for your convenience and for informational purposes only. Forex Capital Markets LLC bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

I'm can't find any mention of what "reverse- yes or no " means when you're adding a system

How does this choice affect how the system trades?

This tool allows the users to take the opposite side of a trading signal. For example, Signal provider A sends a signal in the following format:

EURUSD Buy Market SL: 1.3400 TP: 1.4200

The system will reverse all the commands with the following trade being placed on your account:

EURUSD Sell Market SL: 1.4200 TP: 1.3400

The trade will be displayed in the positions tab of your account with the system name and (R) beside it to denote a reversal trade.

The reversal trade function is particularly useful for a number of reasons:

1) The client is trading 2 systems that are similar in strategy, thus it can be deployed to "hedge" one strategy against the other if market conditions are not optimal for that strategy.

2) The client can use reversal trades in systems that have performed poorly in current market conditions. i.e. a System that trades in ranges when the market is in breakout, etc.

3) Can be used as a hedging tool against their own manual trading.

If you add a system to your portfolio as a Reverse, then you can see how System's Equity Curve would be affected by selecting SECURVE for that system.

Feel free to post your successes with using the reversal feature here.

Hey all,

Great thread...

As a newb in the Forex, I have been reading and watching the webinars...As a poor cop, hehehehe, I only have 1000 k to start a new account..Can anyone give me a hint or slap on the back of the head. I wanna take the emotion out of the trading and try the system selector. I dont know which one to choose with just a small account start up balance.. Can some guide me on which one to look at or tell me what they did when they started out on this system...I would surely appreciate it...Thanks for any replies...Just want to retire with alittle cash in my honeyhole lol..

take care
and always great reading this fourm...

later
Jimmy B

Hi everyone, Im new to this forum and im going through my 1st monty trading my live porfolio. I need some help managing a couple of my gbp based systems that have been underperforming. In particular Breakoutmaster GBPJPY and FxGroup GBPUSD. Gbpjpy has been ranging and it has been dificult for a trend based system, but Gbpusd hasnt been so hard. I tested this systems on demo for 2 months and backtested them, they seemed great. What is recommended if they are underperforming, and both of them already reached their max drawdown?

Good trading!

The system selector account was designed specifically for some of the reasons you mentioned above. It is a great tool for generating unemotional trades for you. Additionally, it will place trades for you while you are not at your computer or perhaps asleep.

While sorting through the system providers, consider what your personal risk tolerance is. Then, sort through the list of providers focusing on these 4 columns :

1) Max DD - Max Drawdown provides a guide to the risk of the system. If you were the most unlucky person in the world and bought at the top and sold at the bottom, this would be your loss in pips. You will notice most systems with large gain will also show a large drawdown.

2) # trades - Consider systems with larger number of trades generated. This is the same concept as the law of large numbers. The more data (trades) provided, the better idea of how the system has behaved. Past performance does not indicate future results because market conditions change over time.

3) Max # of Trades - Consider a system with a smaller number of max trades to provide more usable margin on your $1,000. I would suggest max trades of 1-2. Trading 10k fixed lots will provide a leveraged amount of 10 - 20 times. Leverage is a powerful tool that can maximize your gains and maximize your losses.

4) $ Profit - Profit of the system per lot

This will provide you with a short list of systems that will fit your personal risk appetite. Additionally, if down the road, you decide your chosen provider isn't working for you. You will have a short list of candidates you can go back to so as not to 'reinvent the wheel.'

You can use the top 10 lists in the previous posts as a place to start your search for providers.

Feel free to post here for feedback on those systems you have selected in your short list.

__________________
*Past performance posted by Signal and Systems Providers (“Providers”), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.

Links to third-party sites are provided for your convenience and for informational purposes only. Forex Capital Markets LLC bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

Good analysis. The GBPJPY has been ranging for the past 2-3 weeks making it difficult for any breakout strategies. Since GBPJPY is one of the most volatile currency pairs, when market conditions aren't good for how the system was designed, it will leave you susceptible to quick losses.

A couple of items you can consider:

1) If you have time to research and study the market, you can turn on and turn off this system based on how the conditions are playing out. Basically add the system when you feel conditions return to a trend and remove the system when conditions are ranging.

2) If you feel conditions may range for a the time being, consider the REVERSE function of this system. You can backtest the reversed trades by editing the system to reverse "Yes", then select the SECURVE.

3) If you feel eventually the system may return to favor, you can scale back your trade size in it so you can sense if and when the conditions improve. At the same time, finding another system to fill the gap. There are several new providers being added each month.

Typically the major currencies are trending. However, with the liquidity crisis not wanting to improve much, currencies have been volatile and ranging. The REVERSE function was added several months back for conditions such as these. For when market conditions change and the system may not have been designed for those change in conditions.

Well thanks a lot for the reply it really helps me out, I was thinking that Im sure my portfolio will come up with results like this and I have to be aware of it and ready to make quick adjustments, this time it costed me, but i hope next time ill be able to prevent this losess by keepeng a close look at the market.

Thanks again, great forum.