Hello everyone, it’s good to be back!!
Wow, it’s been so long since I wrote my last post(July 14th). Lots of things happened and I had to take some time off and focus on long term goals. First, I’m super happy to renew my website and continue this on-going project that I started back end of 2014, just as I started engineering school and figured I could really focus on turning this long time hobby into a constant money maker.
Things people don’t know, I actually started to look into forex about 8-9 years ago, back when Paypal was huge and Yahoo still had their Site Explorer tool to scrap through websites, find high PR pages and see if you could get your link out and create high quality inbound links to push your domain through Google’s search engine ranks.
Funny thing, back then Forex was still kind of new to North America and most average Joe’s. It’s surprising to see how things in the algorithmic side, aka Expert Advisors, have basically not changed ever since. You either come up with a martingale, grid trading or moving average trend following type of system. The main problem with most EA’s on the market is that they are based according to the indicators current values, therefore they are always behind or lagging. That’s when the stupid money comes in, to collect the leftovers.
I myself believe that automated trading is a game changer if you can make it accessible to retail traders. However, I also believe that a single trader cannot create such algos by himself unless he has spent a good 2 years doing constant work and updating their algorithms. The best way is to find 2-3 programmers who are into trading and start developing your system. Time is a commodity, you don’t have time to waste working with poor programmers or individuals who have no clue what they are programming. Knowing how to program does not imply knowing how to trade.
This leaves me to the main point of this article. I learned Forex through EA’s and still spend a quarter of my time monitoring my EA’s. But I realized that the big money, the kind of money that can pay bills, trips, extras can really only be done through manual trading and using your brain to actually become consistent for the rest of your life. For the past 2 years, I have been experimenting and testing a particular system of mine. Creating rules, putting to test, re-work the trading rules, put it to test and basically repeated those steps for 2 years until I was able to achieve a test sample that is somehow consistent with my previous tests samples. Once your equity curve and data points show the same slopes and the statistics are somehow resembling, you know you are onto something. Now it’s just a matter of process.
Where am I going with this? I want the year 2018 to be the year I can say “I have succeeded”. I’m not looking to make 1000$ everyday, but just enough so I can cover all my expenses and fees for the month sitting at home and watching Netflix or wasting my time on YouTube and be able to slowly pay off my tuition. After all, when this day happens, you have to remind yourself you beat a game where 95% of the players lose.
I am offering a free newsletter for the next month or two or even till December. Starting January 2018, the newsletter will become a monthly subscription. Basically, signup to my newsletter and every trade that I take I will send out the instrument, current price, stop loss level, take profit target and any other relevant information related to it.