A page has been added to the blog about contributing to the evaluation of the FxTaTrader Intra Week signals. You
can subscribe for free and participate if you are interested. More news
is also available on this page in the paragraph "New services".2014
was a good year offering a solid foundation for the future. Many
published articles will be used as reference and in 2015 these articles
will have new information added besides the general outlook. For this a
few changes need to be made and this will be described in this article.
Changing the Demo/Evaluation account
First
of all the most important part is to change the current Demo/Evaluation
account into a new one. This account is trading a micro lot on an
initial amount of $ 100.000 and surved its purpose in 2014. However,
for 2015 it is preferred that the demo account better reflects what the
Hybrid Grid Strategy is all about. This means that the trades placed in
this Demo/Evaluation account will be similar to a real account and more
focused on generating profit. It will give a new dimension to the
challenge of making profit with the strategy and at the same time
testing the strategy. After testing the strategy in 2014 and going live
it gets easier to have a new demo account where making profit can be
generated when we add the live trades to it. This enables the demo
account to be used as a reference in the articles and the articles will
also have a new subject which is the evaluation itself. This may be
e.g. adjustment to a Take profit or Stop loss and more adjustments
involved when testing a strategy.
Another important reason for
using a Demo/Evaluation account is to place things into the right
perspective. The blog is to write about Forex and inform whoever is
interested but it is not a free ticket to success by simply copying
trades made with the strategy on the Live account. With the
Demo/Evaluation account it is possible to go more in depth on the
testing and evaluation of the strategy. For those interested in finding
a way themselves for their own strategy it may be interesting, but also
for those interested in the progress of the strategy! After doing the
necessary testing for each change the result will be implemented in the
Live account. For more information about the Live account please read
the Paragraph "New services" below.
All
free information provided currently will remain to be published free in
the coming year. My plan for 2015 is to increase the reader population
and (re)evaluate the Monthly strategy besides keeping on fine tuning
the Weekly strategy. Also, as described above the evaluation will have
more emphasis and will be added to the articles.
Besides
this my plan is to offer copy trading in the future and/or a
subscription service. Since the trades are placed only once a day a
subscription service may work very well. For this reason the live
account will be replaced also. It will make copy trading and the
subscription very friendly by having a fixed amount within a
certain margin and more adjustments. For more information on this and the
availability see the page in my blog
Subscription FxTaTrader Intra Week signals.
The
strategy will continue to be evaluated as this is an ongoing process.
The Weekly strategy, however, needs less fine tuning compared to the
new Monthly strategy. The pages on the
blog describing the strategy will remain general in
nature because implementing each test result will complicate the
content too much. However, the gathered knowledge will be implemented
in the strategy and documented. This documentation will be extensive
and the blog is not the right medium for this. It may become available
some time in the future but how this will be offered is not yet known.
This is food for thought in the year 2015.
____________________________________________
The
articles are my personal opinion, not recommendations, FX trading is
risky and not suitable for everyone.The content is for educational
purposes only and is aimed solely for the use by ‘experienced’ traders
in the FOREX market as the contents are intended to be understood by
professional users who are fully aware of the inherent risks in Forex
trading. The content is for 'Forex Trading Journal' purpose only.
Nothing should be construed as recommendation to purchase any financial
instruments. The choice and risk is always yours. Thank you.
