OK, so you think you’ve got a great strategy and it works great, you’re raking in the cash and life is looking up. Then something big happens and you go into a big drawdown waiting for the mean reversion.
That’s what happened yesterday/last night for me, the aussie dollar falling like a rock was that something [...]
17 Sep, 2008
Posted by: Milton In: Automation| Market Neutral
I’ve been testing (very small amounts of live money) a strategy that seemed to be basically foolproof. Today I realised it isn’t!
It’s a mean reversion based strategy which is mean reverting, though unfortunately there is some creep in it which changes the status of the mean reversion without the position coming good.
I was trading it [...]
I was quite happy with the way I had been going since I started my “fresh start”, and I had made a decent profit (I was up by 33% on my starting capital). The problem is that I think the EUR/USD might have reversed on it’s uptren. Unfortunately I made the mistake of buying buying [...]
Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.
It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.
If you need to contact me, just leave a message on any of my posts and I'll be sure to read it.
About me: I'm a 31 year old aussie living in Sydney, Australia.
I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX and markets in general to run live automated trading systems (all going well they'll be profitable).
A couple of pages which might be of interest to new traders: