FX TRADING SYSTEMS by Anthony Stephens
Robots ain’t what they’re cracked up to be
Te interesting journey of a trader who tried to systemize his very coherent strategy reveals what he found out while studying the reasons behind market moves, including the six price action categories and how he identifies chart turning point signals
I started many years ago in computer networks and I was part of the team that worked on the successful implementation of the London Stock Exchange Trading systems. From that point I got sucked into equity trading and worked for UBS, RBS, Dresdner-Kleinwort (Benson and Wasserstein), Merrill Lynch to name but a few. Eventually I started trading on my own account – first with equities and then onto options. I made modest returns and then moved into FX.
74 FX TRADER MAGAZINE April - June 2016
Trading manually is a steep learning curve. I spent hours and hours glued to screens and when I was not actively trading myself – I was thinking about it. So I decided to re-claim some of my life back by setting out to systemize my very coherent trading strategy Little did I know the nature of the treadmill I was to put myself on.
The road to systematization
I trawled through a plethora of trading platforms looking at their
APIs, encyclopaedic indicators and
MT4/MT5 algorithm offerings. Technically all very awesome and all offering the promise of substantial profits – on the strict proviso that if periodically I made a loss I should just grin and bear it as statistically I’d come out a winner.
Call me a cynic – but that didn’t quite suit me. I wasn’t happy with that position – so I started out asking searching questions of indicators and robots. Unfortunately I never found
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95