Saturday, May 16, 2009

I've found quite a bit of info, as you can see on the right hand side.

I don't think I have the time needed to become a full time trader...I have bills to pay! However, there are tons of systems, auto trading systems, that do fairly well.

I need to be careful not to just throw money at them. Some are free, some are one time fee, some are subscription based. Some are MT4 EA's, some are parts of broker offerings, and some tie into broker offerings. FXCM is the broker that seems to have the most systems working with it, and apparently is one of the more well used brokers, if their claims to $500B moving through their brokerage each day - that's about a third of the entire forex market each day.

I'm testing a few zulutrade systems, and I need to gather up some MT4 EA's to test as well.

I'd like to find one system that does at least OK, and start with that. As my account size grows, I'd like to add in more systems.

For now, the plan is to open a mini account, and grow it until it can handle auto trading systems with full lot sizes.

I think the next step is to continue looking for systems on Zulu, so I can test a batch of them at once. There's only one on Zulu I think is conservative enough so far.

Key elements - short trade times, high win %, low draw down, at least 2.5 months time actually traded.

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