Hi, How do know which systems are Ranging ones and which are trending ones?

I saw your line about the Base-Hit system and had a closer look. This is the performance the last six month's.

Base-Hit GBPJPY -54197,54
Base-Hit GBPCHF -26291,33
Base-Hit USDCHF -18689,56
Base-Hit USDCAD 3111,77
Base-Hit AUDUSD -6468,86
Base-Hit EURCHF -15517,98
Base-Hit EURJPY -4122,71
Base-Hit EURUSD 8834,79
Base-Hit EURGBP -1807,11
Base-Hit CHFJPY -5134,87
Base-Hit GBPUSD 18985,50
Base-Hit USDJPY -1023,28
-102321,18

Choosing your pairs seem hopeful. But this system probably only work in one kind of market and not the others. You will have to watch when the market on these pairs change. (GBP/USD, EUR/USD, USD/CAD).

However take a look at HBforex, 90% winning trades not bad. You will find this : (69/73 trades makes profit).

Profit Win%
HBforex EURGBP 666,58 84,62
HBforex GBPUSD 361,00 83,33
HBforex EURUSD 146,00 100
HBforex USDCAD 89,39 100
HBforex USDCHF 283,94 100
HBforex USDJPY 735,00 100
HBforex EURAUD 1121,15 100
HBforex GBPAUD 71,35 100
HBforex GBPCHF 288,54 100
3762,95

CU

BaseHit have also a win% of maybe 85%. (Considering all pairs). With this winning% something else is wrong. A few big losses may turn a profitabe system into a loosing one.

Hello,

Does anyone have some good experiences with Xin Xin on the EUR/USD ?
Seems to be a kind of scalping system... anyway more positions per time unit then other systems.

Nice to share your comments,

Gilbert Despeghel.

Hi Turbotrader,

I have not tested the system but had a brief look at it. May be a scalping system taking a few pips. Though the money management seem bad. Consider risking 300 pips to gain 3 ? The biggest loosing trade is 300 pips.

Average profit trade is 8 pips, have to be a system taking a lot of trades for a small profit at a high risk. This is bad money management and not worth the risk ..... (My way of looking at things, I look for a good money management system, maybe not the most profitable one but not a very risky one either).

For example, when using this system on other pairs, or you might say other market conditions there is no profit even if they have about 90% wins on the trades.

CU
golfsailor

Here you have 100% right, Golfsailer. I am meanwhile moved to OleForex GBP / USD with much better results. Thanks for your response.

Gilbert.

I am following him too, I think that's the best system by far at the FSS right now. He takes the trades at resonable places and most of the time choose the right direction when I would stay aside like at the last trade done today, (ongoing), I stayed aside and will be looking for a sell oprtunity when the EUR/USD hits the 1,4330 area. Will probably be before 18.00 CET.

I think that system is manual, might be wrong here, and "he" is only trading one pair so it's a bit hard to decide how he will be doing in different market conditions. But my bet he is the best out there at the moment !

CU
Rolf

SSI has been flashing extreme measures since late April/early May on the USDJPY, USDCAD, and USDCHF. If you like tinkering with the systems and changing them out frequently, perhaps consider using SSI to help you identify systems.

I haven't tested this idea, so I leave the details and results of the test up to you. What we know is that SSI has been showing extreme measures the majority of the time since late April. Perhaps one way to use SSI, find the better performing systems (that have been trading since April) in the USDJPY, USDCAD, USDCHF and consider using these systems when SSI is greater than 2.0 on the respective pairs.

Also, consider finding the worse performing systems during the same time period, trade them in reverse (assuming there is at least -15 pips/trade).

Here are some links regarding the reverse function and some risks associated with it.

Reverse #1

Reverse #2

Reverse #3

Attached Thumbnails

 

__________________
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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 Jeremy,

I did receive your message and I would start posting future message in "What is in your portfolio" thread. But this is the second half of my "Behind the Figures" review and I hope it can be in the same thread so Sir, let me do that only one more time, just!


Today, as example, I am looking at Secretory Rate NH - EUR/USD
And my capture was on 2009/10/2 17:45 GMT

Let's forget the Average Stops in Sytem Info Page, for now.
We aleady know its problem and assume someone is working on it.

Reading from Performance Page (Since Inception Data):
* MaxDD so far -10.9 is very sweet, "would" fit small accounts
* MP is 10 meaning it will open only 10 position any time

Let's turn to the Current Open Position Page:
* At the moment of snapshot, it had a float of -7758.5 pip,
Such float is a definite killer for small account and even trigger margin calls to midsize accounts.
Since this system is very new, we should accept the fact - New MaxDDs are yet to appear.
We need to give it 12 month to paint itself. At least, do not naively assess its risk using only MaxDD.
* And at that time, it was opening 15 positions while its only allowed to have 10, an annoying discovery.
How can we control our leverage (and risk) if the system is NOT following its Max Position rules?
If (and only if), I am to point out what's the biggest fault a signal provider can make, this is the one.

This is not the first time their systems open more positions than the allowed Max Positions. I saw last month another system of same software house opened 30 positions while its MP was also 10 and the float was exceeding -30x its MaxDD at that time. Unless you tell me the MP in Performance Page was also wrong, I would black list this software house and avoid their system even they show top gains in the performance page. But, think again, if the MP in Performance Page can also be wrong, what's left to be trusted?


I summarize my concern & points of view:

1) I guess Tradency goodself is also aware that having bad signal providers onboard can contaminate and even damege the business. By now, they should (may I say MUST) insist all Signal Providers work according to the rules (those on Performance Page and System Info Page) and start to penalize those that refuse to cooperate by, may be, forfeit part of their commission share or even ban them. This is neccessary to maintain our confidence on the platform.

2) We FSS customers should spot check the Open Position windows to see exactly what systems in our portfolios are doing just like generals watching their soldiers fighting in the battle fields. We should switch systems in our portfolio according to market condition and system performance just as generals switch weapons and soldiers. Never take the idea of Set-it-up and walk-away.

3) Also Spot checking on Open Position Windows frequently for bad systems that hold losing position long or add positions to already losing trades. As byproducts, we can also see whether a system open 5 position at once or add positions one by one. And we can see which systems were mostly gaining and which were suffering all the time. It can be sort by currency pair or systems, very useful for comparision

4) My last point: Follow Jeremy Sir's advice - Avoid new systems until we have some info "enough" to assess its Worst Possible Float and Max Draw Down (again, both are easy if we have reliable Stop figures in System Info Page). And NEVER overleverage our account when trading.


A lot of new exciting systems are "boarding" FSS platform. However, they need several months or a year to paint themself full picture and I am looking forward for some "Trading for a Living" system that do a very slowly but steady gain with very low and REGULATED stops - may be some scalpers, haha. For this point, I guess that I am not alone, right?


That complete my "Behind the Figures" 2 part review. Jeremy, could you please correct me if I said something wrong or overlooked something here. I will share some positive reviews later in another thread.


For now, I am opening MT4 account with FXCM and my focus will shift away - at least a while.

Until then, good trading!


Cheers
Henry

Attached Thumbnails

 

Starting with $10,000 of capital, here are 3 sample risk adjusted portfolios. (You can see the whole post by pressing HERE.)

What do you guys think about them?

You can vote for your favorite at the top of the Systems Review by DailyFX Course Instructors thread.
Sample Portfolio #1


Sample Portfolio #2


Sample Portfolio #3


Stats for each of the 6 remaining systems.

__________________
Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information

*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.

Just checked him out. He still seems to be doing pretty well though GPUSD has had some wild moves lately and is an animal to trade.

Starting this week, I will take a look at which signal providers are coming up on their 1 year anniversary and which ones may provide some opportunties. Provider families I'll be looking at includes :
AVATAR
Breadwinner
ElliotWave
IntelliForex - Intraday - SE
Mini-Buys
Never-Greedy
Palatine
PipSocietyII
RoadRunner
SafeProfit
TidalWave
Trend-Buys
TrendEscape
Wang-China
WaveRider

__________________
Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information

*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 added AVATAR USDJPY to my portfolio, lets see how it goes.

This week, AVATAR USDJPY will play here too.

Attached Images

  

I realize I may have too many EURUSD systems. But they seem to trade rather differently - e.g. DBSwing and Intelli-Swing.

(As for Quants-Carnival, I continue to wonder if they're still alive)