system4 Discussion

Hi
Could you share any information about your system, please.

interested in more info

@jdohagan, jerome2900

What kind of information would You like to have?

I updated the oanda links few minutes ago btw. So You'll have updated info inside the hour, when myfxbook gets the data from the oanda servers.

The reported numbers are cash - as i almost always have lots of open longterm positions with sizable losses or gains, total account value is a much better indicator of recent performance. Unfortunately, you'll have to calculate an estimate of it yourself using the open trades information combined with current forex values.

Right now (aprroximately monday,nov 16, 01:35), the net asset value of my systems are :
system# NAV in euros
1 94
2 318
3 1396
4 3527
5 3594
6 2009
7 2182
8 5148

System1 is not on myfxbook because it trades so much that oanda will not serve the data to myfxbook. That system ususally looses a lot of money consistently unless the usd crashes real fast. When usd crashes it usually gains a thousand percent or more. All systems have been started with more or less the same amount of money, and more or less the same amount of money have been withdrawn from them to pay for API fees, and added to them to put more money to work.

Unlike most other on this site i have opted to allow people to see everything that can be set to be public. You should be able to see all historic trades, all open orders and whatnot. Reason is simple - what i do is actually quite simply two independent bets : usd is toast, and a lot of other currencies are in trouble too. system 2,6,7 are bets on most currencies crashing, system 1,3,4,5 are bets that usd will crash compared to a relatively tight selection of floating currencies that i believe are way stronger than the usd. system 8 is a bet that usd will crash compared to a very wide basket of all currencies i can get to trade, where i only removed a few currencies that i find are in a similar bad condition to the usd (namely the british pound).

Forgot to mention that system 1,3,4,5 also uses silver and gold as currencies.

NAV update. As per 2009 nov 16, 02:54 CET, NAV is 3520
(NAV consists of balance plus value of open orders. System is using euros as system currency)

Hi, can you please enlighten me on this 'Withdrawals: €-1113.57'
Thanks

yea' i took out half the money of the account of system4 to fund system5 which is a little less agressive than system4. That at least is the cause of most of the withdrawals from system4. I also take out money from time to time to pay for oanda API. and of course i put in money too, from time to time. You should be able to see it all on the system's page, i have allowed myfxbook to report everything that can be reported.

NAV update. As per 2009 nov 23, 01:15 CET, NAV is 3973
(NAV consists of balance plus value of open orders. System is using euros as system currency)

NAV update. As per 2009 nov 28, 14:53 CET, NAV is 3879.65
(NAV consists of balance plus value of open positions. System is using euros as system currency)
System4 had to sell a few positions due to dollar and metals swings nov.27 - swings were just outside the system's capacity for volatility

is your system for sale ????

My system is currently coded to run on oanda API only. I am willing to help someone else set somthing similar up at their own computer , or host it for them. However, the system is no way failsafe - it will only work as long as the dollar keeps falling, and then only if it does so in an orderly fashion. I am quite sure but i haven't bothered to go through all the transactions that myfxbook is misstating the system growth here, growth is probably more in line with system5 than what this graph shows. I think myfxbook have a problem calculating growth when there are deposits and withdrawals.

I cannot easily set up a money managerment business as the legal stuff demands huge outlays on my part (located in Denmark, EU). However, i would be willing to help others get their own system running, if i was paid well for my efforts.

There are lots of risks when entering the market with this system at this time

These are just a few of them

operational

oanda API could change, and system could stay idle for days while i try to change the coding to the new oanda API.
oanda could change terms and then you would have to find another broker with very small lot sizes
These systems need a little supervision. currently the program (or rather the oanda API) tends to crash somewhere betweeen once a week and onc a day, and at that point you have to press a few buttons to restart it. if it is not running you could miss opportunities, or take on too much risk bc the program didnt' downsize the positions as it was supposed to do
wherever the system runs, there have to be a reliable internet connection with reasonable bandwith.

investment risks

dollar has already fallen qute a lot since 1.2x eurusd- the very easy money have already been made
gold and silver usually corrects dramatically at some point during a rally similar to this one. the crsah could be so severe that most of the money in the accounts would be lost. All systeme except system8 have a relatively high gold and silver exposure
if usa starts hiking rates, or starts talking about it, usd might rally very hard, that could make the systems loose most of their money. risk of this happening grows every day, as we have to have higher rates out of the us fed at some point
system8 is in lots of currencies. if one or two of them devalue sharply (as we saw in the asian crisis for instance) system8 could be in big trouble, perhaps even almost wiped out.

cost considerations

The API costs 600 usd a month which must be paid to oanda
on top of that i would want some money for creating a system for You, as well as some money ongoing for making myself available for support etc.
Due to these cost, You would have to start up with a sizable amount of money as you have to pay these costs out of profits. (or be ready to pay the costs on an ongoing basis and let the system accumulate a fortune)

What i can sell is a program , installation and support.

If someone out there have a lot of money, setting up something professional might be possible. I do own my own company (running my own systems), and own part of a research company that will perhaps some day grow into a hedge fund (currently running unrelated systems to the ones i have here). i have already coded the system for the oanda money management platform and have been trading demo accounts with the management module. That project was stranded bc to be a legal money manager i'd have to pay like DKK 5 million into my company to please the danish banking authorities. For now, the system is running live on my own acounts.


I think the reason i have made good money with the system is a combination of a smart and well thought out approach which captured a lot of different possible scenarios, and a market that did exactly as i had generally predicted.

Personally i currently have 26292 euros invested in the 7 systems, the total currency exposure is 456779 euros

I know it costs lots of money to be a money manager in denmark where you live, however that makes you a citizen of the EU where you would be entitled to manage accounts in the UK or another EU state where much smaller outlay is required surely.

I'd like to hear from anyone who have experience or knowledge reg. such a setup. We could use it perhaps in my other company (have profitable trading systems, but not enough funds to want to go hedge fund or account manager due to the steep legal and financial demands of danish financial authorities for managed accounts managers). Basically i'd like to supply trading signals or trade other ppls accounts electronically and get fees determined by performance. Put in between any number of companies to make it work. Would prefer trading computers to be hosted in Denmark, but anything goes. (already got technical expertise needed)

Hello Dennis,
What do you use? EA ??
If EA, please tell me what is the name of the EA and where i can find this EA.
Thanks

I use a program i have written myself, in C#, the program utilizes the oanda API for trading.

NAV update. As per 2009 dec 05, 23:42 CET, NAV is 2686
(NAV consists of cash balance plus value of open positions. System is using euros as system currency)
A huge usd rally and commodity correction friday hit the system hard.
Correction seems to be over and it is hopefully back to a declining dollar, and rising profits going forward

NAV update. As per 2009 dec 12, 16:35 CET, NAV is 1450
(NAV consists of cash balance plus value of open positions. System is using euros as system currency)
A huge usd rally and commodity correction friday (again) hit the system hard.
Will take quite some renewed usd weakness to win back the big losses.

NAV update. As per 2009 dec 21 04:23 CET, NAV is 1174
(NAV consists of cash balance plus value of open positions. System is using euros as a system currency)
Dollar continued to strengthen into friday, so we took another round of losses

As per 2009 dec 28, 15:44 CET, NAV is 1218