Forex trading with automation.

Friday, August 11, 2006

New Systems and New Results

I decided to scrap the old systems as they were just not performing as required.

The good news is the new systems are performing very well and looking more robust.

This is one system after 89 days with a gain of +53.76 or 0.604% per day.



And while I was there I decided to make a new system as well. So far is performing even better.

Still young, but has 60 days behind it now for a gain of +35.75%




Now that the system are working well it is time to move on to increasing the performance of them. So far I have only used 2% risk per trade. After doing some numbers it looks like I can safely push this is 3-4% while keeping the same amount of risk. This will have a huge impact on the bottom line as I would be doubling the % risk per trade. After compounding we could potentiality see +80 - 90% in the same time frame.


Now that's exciting!!!

The new money management will be dynamic and based of the win /loss ratio. The bottom end of my win /loss ratio is 44% but can increase to 55%. When I am trading at the 55% mark I want to be having a position risk of about 4%.

4 Comments:

Blogger Prospectus said...

Just found your blog. Are you trading live $ or in a the OANDA FXgame?

2:40 PM

 
Blogger Kaizen said...

I trade both. I use FXGame for testing my systems.

All my trading is done via API so live or game is the same as it is all done via a computer.

I develop a system by backtesting, then code it and move it to the game platform for testing. Once it works as required it gets moved to FXTrade.

7:42 AM

 
Blogger Prospectus said...

What environment are you using to implement the API trading? You're using VB, so is it your own application environment, or something like Excel?

Also, do you do your backtesting on the wealth-lab site, or on the desktop version?

Thanks for the info. I'm an engineer looking to implement my tech. skills into an automated trading system, and I appreciate your blog!

6:16 AM

 
Blogger Kaizen said...

I use the .NET API provided by oanda.

The whole app as been written by me. The api just provides acces to the Oanda serves.

Backtesting is done with Wealth alb on the desktop version.

To be honest I have had more luck with writing systems in code and then working on them while foward testing.

Wealth lab is good and I know people who use it to do all their backtesting.

12:17 AM

 

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