Good Times for The Shady Lady

I have developed a FX Robot (Expert Adviser) called The Shady Lady which automates a mechanical system and, so far so good, it's doing quite well.

CLICK HERE for more details of The Shady Lady

Applied to four currency pairs: 

EUR/USD, GBP/USD, AUD/USD and EUR/GBP

the system has made a healthy profit of +375 pips during the four weeks that have elapsed since New Year (1/1/18)

At £1 per pip that would be a profit of £375
At £5 per pip that would be a profit of £1875
At £5 per pip that would be a profit of £3750
At £20 per pip that would be a profit of £18750

Good times for The Shady Lady and plenty more to come!

CLICK HERE for more details of The Shady Lady   

The Shady Lady

We are all looking for ways to work smarter rather than harder and the FX business seems a good way of making a few bob.

However, who wants to sit in front of a PC screen for hours (or days/weeks) on end looking at charts and  FX data? Not me.

Like many activities, you have to wait patiently for an opportunity, maintain concentration and be good enough to take the chance.

Pretend your're a top class cricketer playing in a test match on a hot day, your opponents are at the crease and their two best batsmen are building a record stand. As a fielder you will be hot, tired, thirsty and frustrated but you have to concentrate because a chance might come your way and the criticism will be scathing if a catch is dropped.

Maybe a team of robots could take the place of the fielding side? Most unlikely.

In FX trading, I have developed a few systems which seem to be quite profitable in the long term.

CLICK HERE for details of a FX system

It's just a question of following instructions and opening/closing trades according to a set of rules.

Unfortunately, it does involve sitting in front a PC for hours on end and it is very easy to lose concentration, get bored/distracted/frustrated, let your emotions run away with themselves so that you miss the opportunity you have been waiting patiently for!

Maybe a robot could do a better job than you at following instructions without getting bored/frustrated/emotional...etc?

Actually it could and a FX robot is called an Expert Adviser or EA for short.

I intend to develop and test some Expert Advisers starting with The Shady Lady

CLICK HERE for details of The Shady Lady

Maybe I should use an Expert Adviser?

An Expert Adviser (also known as an EA) is a program that will automatically follow a set of instructions once certain criteria have been met.

Anybody who already has a mechanical trading system could create an EA and use it to carry out the appropriate actions each time a signal is received.

This could be called “automated trading” because the trader doesn't even have to be present.

This is particularly useful for people who don't want to sit in front of a screen all day or just don’t have the time.

Maybe I should use an Expert Adviser?

Sell in May and Go Away?...Yes Definitely!!!

I have previously speculated upon the old stock market saying

"Sell in May and Go Away" 

which can be interpreted in different ways and can be self fulfilling. 

Is it relevant to FX trading?

Is it best to quit in May, go on holiday and return in September?

I promised to investigate and the results are quite conclusive

Profits Sept 2016 - May 2017 = 510 pips

Profits Jun - July 2017 = -395 

Based on this evidence...without a doubt...definitely - Sell in May and Go Away!!!

Trendcatcher Update - Another 490 Pip Profit

Details of some our most recent FX trades are shown below

6/10/16  BUY  Order  AUD/JPY   78.85      SL   75.85   TP  85.85
              Closed 20/10/16  79.45                                                                  +60 pips

11/10/16  SELL Order GBP/NZD  1.7330  SL 1.7525    TP 1.6
                Closed 21/10/16  1.7040                                                             +290

11/10/16  BUY Order  AUD/JPY  78.00     SL  75.85     TP  85.85
                Closed 20/10/16  79.40                                                               +140

They produced a 490 pip profit

pip = unit stake
e.g. £2 unit stake = £980

We made these trades using on-line spread betting companies and the best ones are shown below.

CMC Markets

Click on the link to open an account.

Profits from spread betting are tax free in the UK.

You can receive information about our trades in advance by subscribing to our newsletter.

CLICK HERE for more information about The Trendcatchers

Trendcatcher Update - 700 pip profit

Examples of trades we have made this week

4/10/16  SELL Order GBP/NZD  1.7606     SL  1.8025  TP  1.6606
              Closed  7/10/16  1.7305                                                               +300 pips

6/10/16  SELL Order GNP/NZD  1.7750     SL  1.8025  TP  1.6606
               Closed  7/10/16  1.735                                                                +400 pips

pip = unit stake

e.g. £1 unit stake ... 700 pips = £700


CLICK HERE for more information about The Trendcatchers

*********************** 2014/2015 Profits =  800 pips *********************

********************** 2015/2016 Profits =  1200 pips *********************

The Trendcatchers

We use The Trendcatchers to keep a diary of all the Forex trades we make and the results obtained.

All the information is easily verified.

We make these trades using on-line spread betting companies.

Profits from spread betting are tax free in the UK.

CLICK HERE for more information about The Trendcatchers

*********************** 2014/2015 Profits =  800 pips *********************

********************** 2015/2016 Profits =  1200 pips *********************



The quality of work is more important than the volume