Automatic Trading System

[ilia king]

- not sure if this belongs on a TA forum but - I've been on a few sites which mentioned some type of Automatic Trading System, it gives you 10% (on average) every month. Has anyone heard of this or is it another ploy to rip people off?

[Mod's note: moved to commercial trading system forum]

 

[iq200]

ila, if it sounds too good to be true it prob is too good to be true!
no such thing as a free lunch!

Regards,

Imran

 

[iq200]

Saying that there prob are automatic systems but most people
wouldnt know about them

PS Sorry to dash your hopes.... However if you find out that
there is such a system let me know

 

[TWI]

Is that all it promises?

 

[JonnyT]

My own Auto System has been averaging 25% pcm...

There are ways and means out there.

JonnyT

 

[jmreeve]

JonnyT

Is this one system or several different ones run at the same time?

 

[JonnyT]

A single system trading a single market. EUR/USD future.

JonnyT

 

[Judge Mental]

well what system is it?

 

[ilia king]

twalker, so far it is only promises.
JonnyT I thinks the whole trade2win forum is dieing to know about your system - was is it! :cheesy:

 

[JonnyT]

It's my own invention and it's staying private unless you've got £50,000 to spare!!!

JonnyT

 

[al-motor]

blimey Johnny- that is a bit steep- LOLLL

good on u mate.........


Al

 

[al-motor]

Illia,

Normally these systems are very mechanical...........they suffer from big drawdowns and unless u can automate them ( like JT has ) then u will be glued to the screen..............

Al

 

[donaldduke]

JonnyT,

How many trade setups (entry signals) does your system get in
month?
And if you dont mind me asking what percentage of trades
are winners/losers/break even..

 

[JonnyT]

Hi Donaldduke,

1 trade signal max per day.
30% Winners
70% Losers

Average Winner is 8.5 times average loser.

Max Drawdown has been 37 pips

JonnyT

 

[ilia king]

JonnyT, what about £5000 - £7000

 

[ilia king]

p.s. if it really works

 

[schoe]

I will clean your shoes Jonny and wash your car in return for the system.

 

[ilia king]

Do you mean you got some piece of software then you debugged it and programmed it to a new system?
Or did you just change the options - I'm confused

 

[JonnyT]

No,

I developed the system and wrote the code to automatically trade it through interactivebrokers.

JonnyT

 

[ilia king]

Wow - A good trader and an ace programmer - nifty