Michael Despott
Michael Despott
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9+ años
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Director en Enigma Capital
As a systems designer, working in this space now for nearly a decade, I have evaluated hundreds of systems, countless libraries and products, I can save you a lot of grief and tell you now, very few systems, actually probably less than 1% are consistently profitable across all instruments!

Common mistakes made by system designers:

[] Over optimisation: choosing favorable date ranges!
[] Testing: Failure to perform rigorous real word testing!
[) Thorough and impartial evaluation!

What sets me apart from most developers is my genuine passion, combined with qualification in Quality Assurance, IT and financial services, I bring with me more than 20years experience in these fields, along with an extremely critical an analytical ability to perform any evaluation with honesty and integrity.

There are common misconceptions about the markets, algorithms and automated trading systems, most of what is being taught to retail traders is for the benefit of the educators, the brokers and the institutions, and not at all for the benefit of the trader.

I have developed the ability through refining hundreds of systems to be able to provide the best possible settings, for all currencies or indices, and I do so mostly through learned experience, as I have found more often than not, automated optimisation simply does not work!

My only guarantee is that I will provide you with an honest, efficient and thorough evaluation of your system and as part of my extended services, I am also able to help you refine it and where possible, make it profitable, suffice to say, some systems simply don’t work, in which case I can also help you develop one that does!


You must be honest with yourself, do you have the required discipline and control, to be consistent in your actions and thoughts, every hour on the hour, to not become emotionally attached to either a trade or a particular currency...can you remove yourself emotionally, become almost mechanised, robotic in your trading...if the answer is no, then maybe you need to consider using an automated system!
Michael Despott
Ha dejado el comentario sobre el Ejecutor por el trabajo HELP CREATE THE ULTIMATE HEDGING STRATEGY
Michael Despott
Ha dejado el comentario sobre el Ejecutor por el trabajo HELP ME CREATE THE ULTIMATE HEDGING STRATEDGY
Michael Despott
Ha dejado el comentario sobre el Ejecutor por el trabajo EA for TSI, OBV and CCI cross
Michael Despott
Michael Despott
I haven't posted anything for a while, I am currently working on techniques that identify and explore market manipulation during periods of consolidation and major breakouts, namely analysing order book flow and bias. Sadly many retail traders aren't aware nor protect themselves adequately in times like this, especially so with the recent volatility with Gold.
Michael Despott
Michael Despott
Hi everyone, I haven't contributed anything for a while, simply because I have been using another platform....finally the quirks of Metatrader got the better of me...I just couldn't handle the inconstancies and frustrations any longer...I have since migrated over to Pro Real Time trader, it offers a far superior charting and Algo development package, and is more user friendly and reliable!
Michael Despott
Michael Despott
I am currently in the process of refining the latest adaptive logic set, there were some basic errors in the initial set-up, I have made improvements to the hedging and also the draw down, there is the new ver "SDD" Small drawdown, which uses the same adaptive logic core, yet slightly different pairs, I have also decided to exclude the CHF, given its flat Bias. Below is an example of the types of analysis used in my systems, being that primarily those of frequency modulation, note the absence of candlesticks.
Michael Despott
Michael Despott
This is one of the recent reports relating to these. I am quite excited about the new engine and the results thus far, as they are also replicating on the live and demo accounts which is good news.
Michael Despott
Michael Despott
I'm working on the new base systems for the next series of EA's to be released soon.
Michael Despott
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