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FXCM AutoTrader is a project we are working on and
not available to the public yet.
This is an easy way to trade FOREX hands-off. Trading is fun, but considering
all
the emotions and difficulty in guessing entry-exit-stop-losses it is
almost impossible to trade manually. This system sets the
stops/limits/trailing stops based on each individual trade and its
probability for success. When used in conjunction with our TradeFlag
it truly is an automated system, the high probability trades that we give
you will be automatically traded.
It's
easy to turn AutoTrader on or off, depending on what works best for you.
If you have a list of specific trading times that you would like to try, but
don't want to stay up until 4am to manually trade them yourself, AutoTrader
is very simple to set up yourself. You might have a theory that needs
to be tested on a demo account, just load up AutoTrader and let it sail!
Our FOREX trading software automatically makes these trades and
updates your database with actual trades from your own trading platform. It
learns. AutoTrader executes the trades based on this constantly
updated list. No need to sit up and wait for the perfect signal. All the
emotions of trading are gone. When you wake up you can check the
system progress, good or bad. All the excitement with none of the
nervousness of being in a trade and watching it, unsure whether or not to
exit. AutoTrader does it for you!
We
know your time is important to you, that's the whole reason why we developed
AutoTrader.
AutoTrader
will only work with FXCM's trading
platform.
AutoTrader itself is only time-based, it does not refer to any charts
or graphs or indicators to determine entry point. You are responsible
for creating the list of trading times and currencies, or you could
subscribe to our TradeFlag which would do it for you automatically
using our HPPT's (High Profit Probability Trades).
Once
you purchase the program you will get an install package that will install the software
on your PC. You MUST have broadband internet connection and the computer
MUST be on for the entire trading week. Once the software is installed, you
will see an icon in the task bar. By right-clicking the icon you will select
the configuration option. Then enter in your FXCM account information. This
stays on your computer, we do not see that information.
Then the software will connect to our server and start trading on the
account you have specified. It will only work with the FXCM
platform. You can trade on a LIVE or DEMO account. You can set the
risk-level as well. If you have a small account, set the starting lot size
to 1. The system will automatically up the lot size based on the success
probability of that particular trade. If you have an account with proper
funding you can set the initial lot size to say 2 or 3. We have no way of
knowing the size of your account. You must set the initial lot size based on
your account.
When using our TradeFlag, most trades on the average win about 20 pips and the maximum loss per trade
is currently at -16. This changes often and the average amount of trades the
system executes daily varies between 8 and 12. So on the average the maximum
daily risk - or drawdown is -16*10=$-160 for one lot trades. On Friday,
after the market closes (17:00 EST) the system prepares for next week. There
is a handy a screen showing how your trading is going, and what to expect
based on your recent performance.
Past performance? You'd expect us to provide piles of back-testing results
on our website just like on the other trading signal sites. We have done a
LOT of back-testing, but it doesn't always directly relate to future
results. We take the trades with the BEST PROFIT PROBABILITY at the time and
trade them. The analysis is done live, so the trades change daily.
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