Thread: Wanted: forex trader

On the programming side;

A couple of thoughts;

Does this only work on the tick chart? Have you tried different time intervals?

What you described about your system going back 30 ticks to predict the next move are called market retracements.

Someone else asked about the language, the syntax is like C. All the libraries and functions are in there to get all the informaion you need.

Once i convert my current system into META code i will do some backtesting and then we can compare results against the 2 systems. I will try to also code one similiar to yours to test your principle myself. It is something i have read about i will go back and check. If they both produce winning results; in combination they would be even more effective. Mine is a combination of indicators system (inc. MACD, volume, various moving averages, trailing stop), so trend based rather than retracements.

I trade using a veriety of tools.Mainly technical analysis.
My trades
67606 EUR/USD Buy 1.58902 2008-07-14
09:01:07
1.58978 2008-07-14
09:11:13
0.1 19.3 -4.7 7.6
$7.60
1565.4
$1549.78 67578 EUR/USD Sell 1.58734 2008-07-14
08:15:32
1.58679 2008-07-14
08:38:18
0.1 15.0 -4.0 5.5
$5.50
1643.4
$1673.67
67577 EUR/USD Sell 1.58734 2008-07-14
08:15:29
1.58682 2008-07-14
08:38:15
0.1 15.0 -4.0 5.2
$5.20
1637.9
$1668.17
67576 EUR/USD Sell 1.58734 2008-07-14
08:15:26
1.58680 2008-07-14
08:38:12
0.1 15.0 -4.0 5.4
$5.40
1632.7
$1662.97

I am using a system used by few money managers in a major financial house in Europe, and I am getting 25-30% gain monthly

Please let me know if you are interested seeing my live account statement.

Thank you,