Do not Ever Tell "Will" if You Want to Be a Success

Have you ever had a dream to be realized. Has a target to be achieved. I know you have it .. because if you do not! you are among those who failed. Why? Because people fail are those who do not have a purpose in life.

But I believe you are not a failure. I believe you are people who have a dream!

Now we just how to make your dreams come true as success stories and beggars. There are many roads lead to Rome, here I just want to strengthen your heart to immediately take one of these roads.

I thought again of the motivation of a sentence which read something like this.

People fail to say "I will succeed" over and over again
But successful people say "I will succeed" only once.

The point is .... Sometimes we always make a wish for the success many times but without any real action. And success is because there is an action.

Actually there is an error in our thinking so far. We always say "will" to reach the goal .. but maybe it can make us would not even realize it. Coba deh how many times people say this:

* I'm going to be an entrepreneur
* I'll have a car
* I will be presindent.

Are you also include people who often say it all? So what happens now? Are you still fail? If the answer is "yes" means that this may be your problem:

Forget using the word "will", it just makes you more lazy to pursue your goals. Even worse reduce your SPIRIT. Just use the word "must" to make your heart like a fire rage:

* I must be an entrepreneur
* I'll have a car
* I would be presindent.

Ask the most you can trust, that is your heart. Ask your heart "Are my dreams and goals". Then use the word "MUST" to make it happen. Good Fight!

Tips Morale Without Stress by Always Smiling

If you do not love your job, then love the people who work there. Feel the joy of friendship. And, your job was so exciting. If you do not love your office friends, the love and atmosphere of the office building. This will motivate you to go to work and doing office work even harder. If you were not able to do it, love commute to and from your workplace. Pleasant trip will make the trip destination or office looks nice. But if you did not find joy in the journey, whatever love can you love from your workplace. Ornamental plants can be at his desk, rows of ants on the wall, or the birds flying out there. Anything! If you do not also find anything you love from your work, why are you still there? Quick go and find what you love, and work there. Only live once. Nothing is more beautiful than to do something with unconditional love

How to Succeed in Reaching Profitability in the Business

You want to be a successful entrepreneur? Today many people who want to be a successful entrepreneur. If it had been a civil servant, became an office employee is considered middle class, while the merchant still considered the second class, now the situation has changed.

Being a merchant or entrepreneur is no longer regarded as the second class, but has become a major destination many people today. So today's books on entrepreurship, entrepreneurship seminars, training motivation and entrepeneurship increasingly mushrooming diminiati by many people.

Nevertheless, the need to understand that doing business is not about getting a profit or personal gain alone. There is the meaning of worship a higher value than just getting the advantage of money alone. If people do business only profit-oriented material as much as possible as its main objective, then if the business is successful, not necessarily a blessing for him. not necessarily make true happiness for herself.

Then how to run a business that can be worship and bring blessings to our lives?. Keep your business or a business based on conscience. How to run a business based on the principle of conscience? Here are 10 principles that businesses need to be considered in developing your business:

1. Comrade is a valuable asset.
No attempt is not associated with other people. In developing relationships with others, place the value of friendship, the value of friendship far more valuable than mere money profit. By placing a friend as a valuable asset, then we will appreciate the commitment and cooperation with anyone.

2. Trust is a long-term capital.
Capital in the venture capital can be dibadi into tangible and intangible capital. Money, buildings, equipment, machinery are examples of tangible capital. But there are intangible capital is far more valuable to our long-term effort that is building trust. It took years to build a trust and only a few seconds to destroy it. So try to build good faith to anyone.

3. Sold at a price higher than the purchase, not the highest price.
Its meaning is not about getting business profits by buying the lowest possible, then sell the highest price. But trying to do business and is how to contribute and benefit others as much as possible, without ignoring the business feasibility. The value of happiness and success of the business rather than on how much material gain, but how many of the benefits provided.

4. Listen to your heart.
In taking action, make decisions, learn to separate between the mind controlled by emotions, personal ego, worldly desires with the mind-controlled heart. Use a sharp eye to make your decision based on conscience rather than by worldly emotion or passion. Because listening heart sesunggunya an effort to know the properties of the glory of God who has "built in" in our hearts.

5. Working with the heart.
Those who work with the heart not the person who was nice to you, but being rude to subordinates, employees, or servants. Surely someone like this is not a good person who worked with him. Because they are working with the heart will always be good to anyone.

6. Wealth is not judged by the money they own.
Being rich is not just related to having a lot of money. But the main wealth is how much money we get can be used to help others, to provide benefits for others.

7. Oriented to the maximum benefit.
Doing business is not just oriented to profit or material gain as much as possible, but make a profit to benefit others as much as possible. Because business is a service that must be accountable to God Almighty to the future and other fellow human beings.

8. Focus on what is gained is not lost.
Do not think about the opportunity, opportunity or failure has expired or has been lost from us. And if akalah tender a project, but fortunately count will count big time, do not worry anymore. This can make you stress, or force is unwise. Focus thinking on what you get today. Leave a lost opportunity away from you, because there will be new opportunities if we can be grateful for what you have today.

9. Failing is a process.
Failing is not the end of everything, but part of the process to generate new plans. Part of the process leading to new opportunities, as long as we want to improve the new plan. But if you fail to plan something, you have planned to fail.

10. Admit Mistakes With Heart low.
Kesahalan-error in making decisions in running the business could happen. When you realize that it was a mistake that you make decisions, and feel that your partner or your employees are correct, then acknowledge with humility. Evaluation done immediately to correct the error.

forex for the future a better

Forex Basic Guide Please Read This and Learned CAREFULLY order
Does not Happen One notion, Wrong and Wrong Order calculations.
Forex trading (Forex Trading) in us is to trade a foreign currency against other foreign currencies online and realtime (spot trading) in order to obtain maximum benefits. With the possible GainScope you to trade foreign currencies online (non-physical) that where the benefits can be obtained from the foreign exchange that occurs at that time. Our task is to bridge the GainScope you to get connected to the world financial markets online and realtimeSebagai Example: on the screen of our trading software when it listed the price of one currency valued at 101.00 and then you make a BUY on the currency, then when the price of the currency rises became 102.10 you then remove / sell it, and from it you will get a profit of 102.10 - 101.00 = 110 points. 110-point advantage and it can be converted into USDollar value, and you can melt into your bank account directly and in cash (see the explanation of how the calculations under this later).

Of course to start forex trading must be required capital (fund placements / deposits), and this capital stock is like you and you can use at any time to buy or sell a foreign currency you want to transaksikan.
And the units used for the currency you want to transaksikan is a LOT (like "how much fruit" or "how many dozen" in the parable)
For more information you can see and learn from what basis is forex

Forex Trading Tips for Success in a very fast

Often people great success in the Demo Account, but lousy in real account. You must be serious in the demo and the Real. Here are some tips that we collect for you. Make sure you Evaluate yourself after reading this article.
Here are our tips on successful and rangkumkan Seasoned traders who have undergone professional trader (trading for Living).

1. Create a trading plan and description well. Criteria, you need to know when:
* Open position
* How many digits Stop Loss & Take Profit is 'ideal'
* Have a financial management strategy (money management). This is related to how long you are trading in a month, how do you account resistance level of risk loss, when the attraction of funds, when adding funds, and allocation of income to savings, investment and consumption.
2. Make the trend as your best friend (Trend Follower). Do not fight the market trend (though not including mandatory rules). If prices are rising, you can install position Buy and vice versa when prices are down then you can install Sell position. Most people often take the opposite (counter trend) and often wrong - though there's also often true:).
3. Keep well & carefully your capital. Do not allow your capital to $ 0.0. If that loss, try to keep 10 to 50% of your capital, so that when the time comes to add funds or injeck, rupiah or dollar is deposited not too big. Imagine if you had to add a large fund for loss due to Forex trading you.
If in two or three trades already spent 20 to 40% of the capital due to loss, stop for a moment. Hold yourself to open new positions. Do not obey yourself to "get even" or "want return on investment". Try to calm your mind and your head. Arrange your trading system back in the Demo Account. Spend time 3 days - 1 week to try trading system in the Demo Account.
If already established, please go back to Real Account.
4. Knowing when to dispose of "toxic". The term toxin is a Buy or Sell position that has opened that has a floating (floating position / not closed) a negative or a minus position fairly large. Say if Buy GBP / USD you have -150 points in the 2-hour period, is it still worth hanging on. Or if the position of AUD / USD is minus -100 within 20 minutes, if still loved-baby??!
Ah, would not the price back again. Well, if the price ndak back and forth, we become "poisoned" himself, both mind and body. We can be physically ill to think of a position that has not closed that reached 200 points for example. Just remember, for the money now rather difficult times well. Kalo is ndak productive within 2 to 3 hours, well to be amputated / Cut Loss. Cut, remove the already swollen & unproductive. What else would make the position of stay, more than one day with more expected profit well and also get a premium interest rate, put obligatory Stop Loss. Our advice, if you want to continue the next day, attach Stop Loss 200 points from the point of your open positions. Use Trailing Stop only if the facilities provided by the trading platform.
Stop Loss Plan you as early as possible. These days, the price movement to the Euro & Pound reaches 200 to 400 points per day. Determine the ideal Initial Capital & Stop Loss you with a situation like that.
5. No emotion. If you've reached your daily or monthly targets, get out of the market. Do not be greedy.
Avoid the fear. Now it is linked with tips no.6, be informed. If you already know how far prices can move with the technical & fundamental indicators, do not look for the disease. Do not hesitate to put Stop Loss or Trailing Stop to limit losses.
6. Be smart & informed. Not intended to support one private TV, but be a smart trader. Smart here is no basis why should Buy and why must Sell. That means you must research the market as a Fundamental and Technical. Open daily news or Belajarforex.com Forexfactory.com. Adjust date & time to time in which you Reside.
7. Immediately write your trading on a trading journal. Make a Profit / Loss Your daily. Note also the causes, why and why the profit and loss. My Trading Diary .....
8. When prices move sideways or a little, do not enter the market. Essentially if your own conscience in doubt, what about your forex trading. URLs have your Forex account as a car that takes you to profit / benefit.
* Not applicable for those who are specializing in the market sideways!
9. Do not trading too much or excessive. In one day, you're a scalper for a maximum of 10 times the position. Daytrader good to your maximum 2 Swing Trader's position and even less. Remember, the condition of technical & fundamental analysis Forex frequent change from time to time.
10. Never Give Up. Do not give up .. Never give up. Loss of Demo $ 5000 within 1 month, try again with a $ 1000 budget. Loss, came back with $ 3000 budget, and so on. Find a suitable trading system for yourself. The goal is only

Do you want to be successful on the Internet and can reach a profit of magnitude?

INTERNET BUSINESS SUCCESS TIPS
Business on the Internet was really just a game of logic. The more time you advertise, the greater your chances to be able to develop the business, including producing a new visitor. The logic is like this
The more ads you put, the more that will read your ad.
More and more people read your ad, the more you will visit your website.
More and more people visit your site, the more people who become your customers.
If you are still in the early stage generate traffic, there is no other way to reach visitors easily except by extending your ad display. The key lies in your success and ROUTINE COMMITMENT! COMMITMENT and Persistence in the Promotion you are the most important in the business world, both businesses on the internet or any other business.
After you use these two techniques, you will conclude it was seeking visitors hold ONE mudahkita commitments, namely:
You want to spend a minimum of one hour per day to promote a regular basis through the Internet. EVERY DAY!!

Know your Acne Type and Refresh Body with Massage

When the red dots appear on the face is quite disturbing. If a small form may not be too distracting, but when it's getting bigger and inflamed, it will make your confidence down. Should first identify which type of acne your face before you descend to treat.

Ordinary acne, it looks so easy to spot which has a small bulge pink or reddish. Trigger factors of acne are stress, hormones and the skin moist air so that the oil producing developing biaknya where bacteria. This has resulted in clogged pores due to bacterial infection.
.
To prevent and treat it, use a facial soap-containing benzoyl peroxide, or sulfur soap to kill the bacteria causing acne. When the drug counter acne does not work, go to a dermatologist and get it checked out prescription acne medication containing vitamin A derivatives like Retin-A.

Meanwhile, to reduce inflammation and kill bacteria, put acne medication containing benzoyl-peroxide. Ointment containing the antibiotic drugs such as Garamicyn (can be purchased free) one of them, can be tried. This ointment can kill bacteria and reduce inflammation swelling too.

Another type of acne is Cystic Acne or pimples or acne jagung.Bentuknya stone large inflamed bumps great, assembled almost the entire area of the face (different from ordinary acne that are only in one part of the face). This acne sufferers often make themselves disappear belief. Usually the cause is genetic, which has oil glands over-active who are 'flooding' the pores with oil.

The growth of skin cells that are not normal, can not regenerate as fast as normal skin. Having an excessive response to the inflammation that left a scar on the skin.

Handling this type of acne is different, you should have to consult a dermatologist. For acne that only one stone or two, you can ask your doctor acne skin injected with cortisone which makes this acne recover within 48 hours.

Acne blackheads is composed of two types.
The first is an open blackheads (Blackhead) looks like pores enlarged and black (black is pore blockage which change color due to oxidation by air).

Second, the closed blackheads (Whitehead), has grown over the skin pores are clogged so it looks like little white bumps under the skin a little.

The cause of blackheads is the skin cells die and excessive oil glands in the skin. This can happen if you are not diligent in cleaning the skin that facial skin cells die and oil accumulate on the skin surface and then close the skin cells so that the blockage occurred. Make up and hair products that contain oil can also aggravate the situation.

How to treat it is to wash your face every morning and evening using a facial cleanser containing salicylic acid or AHAs, / BHA or facial scrub at least once a week. -Salicylic acid or AHA / BHA works to remove skin cells to die. If you have oily skin type so use a special mask oily skin once a week. Good luck.

How to Trade the Forex, Get Free Forex Training and Forex Artificial Intelligence

Without question or hesitation, let there be no doubt in your mind, Forex Artificial Intelligence (AI) is here to stay and it is the method of how to trade the Forex market and get into the jet stream of tremendous profitability rapidly!

The most important reason for such a audacious statement is that with today’s sophisticated scientifically enhanced computer technology there is incredible reliability and impeccable accuracy when it comes to working with Forex Artificial Intelligence also known as Forex AI.

It appears that even the classicist at heart must grant that such refined technology has become super efficient at rendering highly rewarding trading decisions and are able to do this in a matter of micro-seconds.

It is crucial to keep in mind that not all Forex Artificial Intelligence (AI) programs are equal in design and functionality, so be prudent. It is highly recommended that before you make a decision on one get an actual history of performance and “real live” account activity so that you can eyeball just how well this software is actually functioning.

If you are looking to figure out how to trade the Forex Market you will also want to reflect on a company that can supply you with Free Forex Training that can at least get you up to speed with various levels of learning in the currency market.

Let's get real... Free Forex Training can increase your confidence and get you into a very comfortable mind-set as you begin your adventure. During your quest, you may find that the utilization of Forex artificial intelligence is actually the best way on how to trade the Forex market, because you need no special skill or education to be up and operating.

If you are like me, you are excited and pumped-up about making money with the world Forex currency market and are chomping at the bit to get started with making some serious money, so if you can learn through free Forex training and having artificial intelligence make you money along the way, that’s a pretty sweet offer!

Reality of the matter is that we all are looking at the world currency market as a way to derived more income and do so in less time with minimized risk to our investment capital that is exactly what a good Forex AI program can offer you.

As a matter of fact some of the extremely advanced programs can go with 100% accuracy for weeks and months! Yeah, you read that right! I said 100% accurate and all you ever did was setup your key parameters and started getting profitable, in a flash!

I have come across numerous users of this kind of technology who enjoy 25% or more per month in profit returned! Without a doubt for even highly-seasoned professionals in currency trading this can all seem astronomically incredible. I agree, but it is very real.

So to run through the basic nuts and bolts of this article, I emphasize the fact that you can get started with your free Forex training, start making money through the use of Forex AI and be on your way to earning a colossal income with the world’s currency market and do all of this a lot easier than you may suppose.

Now that’s how to trade the Forex market! This classroom lesson is over!

My Profitable Sniper Forex Trading System

I've been experimenting with Sniper Forex Trading System for some time and recently, i came up with a reliable way of using it that have been quite profitable for me.

Firstly, here are the components of my trading method

1. Support and Resistance Levels or Zones

2. Trend Determination and market sentiment ( I use sniper forex for this one)

3. Momentum (probability meter)

Next, I will talk about the theories behind my methods.

1. Buy at Support in an Up Trend and Sell at Resistance in a Down Trend.

For a valid Buy signal with the sniper forex system using the 15 mins time frame,

A. Draw your support and resistance lines using the 15 mins chart of your chosen currency pair

B. Wait for all 3 sniper lines plus at least one of either sniper trend A and B to turn blue.

C. You will notice that by the time all sniper lines have turned blue, price would have started moving upwards, don't enter yet. wait for price to pull back to the nearest support level or support zone on your 15 mins chart. When this happens, you will notice that one of sniper trend A or B will turn red. This should not bother you as long as it is just one of them. As price approaches the nearest support line/zone, quickly place a buy order, you can also use a buy limit order. Place your stop loss at least 35 pips behind the nearest support. This gives you a very high probability entry and also helps you protect your stoploss with a support level acting as a shield. Never use buy stop or sell stop order as this will amount to you chasing price action which almost always results in your stop loss being hit. Once Price is 15 pips in your favor, move your stoploss to break even you can use a 15 pip trailing stop if you like.

D. Before I talk about take profit targets, let me say this, I use 2 sets of support and resistance levels.

The first one is plotted for me automatically by an auto pivot calculator that shows R3 - S3 and also shows mid pivots.
The second one is Support and Resistance level identified by myself as price moves and then retraces.

I use these supports that I personally identify to place buy orders once the sniper forex indicators are all blue in color. I only place buy orders if sniper indicators are blue and no sell orders at all and vice versa because I want to be at the correct side of market sentiment in case of sudden parabolic price movements.

I also use these personally identified Resistance levels to place Sell orders only, once all the sniper forex
indicators turn red.

E. Take profit targets.

I use the support and resistance levels generated for me automatically by my auto pivot calculator for my profit targets.

F. Momentum

Sometimes price action becomes so volatile that it starts moving with a lot of momentum. When this happens, we experience what is known as parabolic price movements. ie when price moves up or down in almost long straight lines. This phenomenon is easily seen on the probability meter which in my opinion is the most powerful momentum indicator in existence. Once the probability meter show 90% - 100% probability, no support or resistance level can prevent price from moving where it is headed.

If you are already in a trade that is the same direction with the sniper forex indicators, and all of a sudden, the probability meter starts showing over 90% sell or buy probability, simply remove your take profit target and use a 15 pip trailing stop to trail your order. if you get stopped out, wait for price action pull back or retrace to a support or resistance level before re-entering the market in the direction of all sniper forex indicators. Don't ever forget to put a 35 pip stop loss.

For better trades make sure that there is at least 50 pips between you entry and the nearest take profit level so as to ensure at least 1:1.5 risk reward ratio.

Never risk more that 3.5% of your whole capital on one single trade. eg If you have $100, use 0.01 volume
and use 35 pips stoploss. Target at least 50 pips.

If you get stopped out, you lose 35 pips or $3.50 If you win, you will gain 50 pips or $5.00

The most common problems I have encountered with the Sniper Forex is this, Too much reliance on the Sniper forex indicators can be deceiving sometimes, especially near S3 and R3 levels and other trend reversal points. I simply look out for double tops or bottoms, 123 tops or bottom and also head and shoulders and inverse head and shoulders especially after a lengthy daily price movement to asist me in spotting trend reversals. Also I look at the 4 hour chart to spot overall price direction.

Doubled my Live Account (Loong Post)

Some of you might be recalling a thread I posted a few weeks back. I was starting out with Forex then since I had some spare money to invest.

I tried Demo Trading for a week or so, and when I figured I had got the hang of it, I switched to live. Most of the people here at IJ recommended that I do demo first for atleast 6 months (!), and then switch to live. However, I went live immediately after a week of demo trading since I was confident I would NOT lose.

I invested $250 initially on June 9th, and today my account stands just shy of $500. At the most, I traded 3 days in a week. Whenever I had free time and was not in the mood to trade, I would just watch the market, not trade. Here's a screenshot of my account:



I hear a lot of people in the Forex world who recommend trading for atleast 6-9 months before putting in your real money. Further more, they even say starting with a $250 account is a super-bad idea.

That's not the case everytime though. I traded in mini (10k) lots, and once I was as close as to being 2 pips short of a margin call (I rarely used stop losses). However, I had watched the market long enough to say I was going to win, and sure enough - I did.

My tip (I'm no pro) to anyone who's starting out with Forex is this: Read guides, listen to people, but at the end of the day - do what you really feel will work for you. From my experience in Internet Marketing, one thing I can say with confidence is that STOP thinking that the more guides you download, the more money you'll make. They wont. The only thing they'll do for you is confuse you so much, that you'll dread taking action. In all - I just read BabyPips (to get a hold on the basics), and a 26-point forex guide shared in here.

To other forex guys, I didn't use indicators, no stop losses, traded in mini-lots on a $250 account, and worst of all - I opened an account with a Market Maker (GFT). I did almost everything opposite of what people in the Forex industry with years of experience told me to, but I still haven't lost my shirt. (yet! :P)

The next thing I'm going to do is get my initial investment out, so that then I can start trading with money I've earned from trading. :P

PS: The reason I think demo trading for 6 months is a bad idea is this: Trading on DEMO is way different than trading in REAL. Your approach is absolutely different, since you're investing your hard-earned money. You'll be ten times more cautious while placing a trade on a REAL account than you would in a DEMO one. Plus, if you trade DEMO for a long period of time, the only thing you've gained is a bit of Forex knowledge. You haven't gained any experience though, since when you actually would go REAL, you'll know why it is so different. My suggestion is that start Forex only if you have money just sitting in your account, and you really wont go insane if you lost that.

Learn something difficult and earn real money for ever, a lot.

Hello,

I am following trhis method for 4 months now and I see people making money and you can touch the results.

In two words identify the moments banks are making money in the FX spot and take you share.

Devote I hour and see with your eyes.The first half hour of the londonn session and the first half hour of the New York session.

The method was so succesfull (started in July 2007 in forex factory )the invendor of the method started a forum 2 weeks ago and has 270 members today.

No need to buy anything everything free.

Just hard work,reading and screen time.

The succesfull thread in FF :

Quote:

forexfactory.com/showthread.php?t=52515

His scalping club:

Quote:

cyrox.com/forum/index.php

Cheers

THE REAL MONEY MAKING MACHINE(real thing)

The following is the interview of an Ukranian who won the 2007 champion in autotrading.

What is autotrading ?You feed an account with money and the sw runs and place trades and close positions without human intervention(money machine)

His machine made 130.475 $ in a year.Do you like now to compare this money machine with those of the hyped gurus ?

Can you find this EA ? Please post it or send it to me by pm, it will be a 20kb file,lol

The interview:

Quote:

championship.mql4.com/2007/news/303

Interview with Olexandr Topchylo (Better)

Olexandr Topchylo (Better) is an experienced trader. He is Cand. Sc. (Physics and Mathematics), and this helps him develop trading systems. He performed unsuccessfully in the last-year Championship, but that failure was the making of him. Olexandr learned his lesson and became the leader of Championship 2007 with a huge equity!

Hello, Olexandr. Could you tell us a little about yourself? When and how did you start trading?
I'm 41 and Cand. Sc. (Physics and Mathematics), so I had all necessary foundations for trading. I've been trading forex for one and a half years. However, I have traded binary options on currency for three years. Methods forecasting currency exchange rate changes are absolutely the same for both spheres of trading, so I did not have to retrain myself.
When and for what reason did you become interested in automated trading? What are your achievements in this field?
I wanted to automate trading even when I was trading options. I opened 15-20 positions daily, and I had to do it all manually. However, that trading platform did not allow automated trading, unfortunately. When went to forex, I decided immediately that I would only trade on a platform that enables automated trading. So MetaTrader met my needs ideally.
In summer 2006, I saw an advertisement for Automated Trading Championship 2006 and decided to learn MQL4 and try to participate in it. Fortunately, I code well in С++, so I wrote the first Expert Advisor in MQL4 within a week. Using that EA, I won a traders' contest conducted on demo accounts in one of Brokerage Companies.
I wrote the second EA especially for ATC'2006. However, my experience was insufficient as related to what the difference is between testing and real conditions. This is why my EA contained some errors and took only the 113th place.
Talking of Championship 2006, your Expert Advisor traded three currency pairs that time - EURUSD, GBPUSD and USDJPY. The trading was profitable for only one of them, while two other pairs were weighting your deposit down. This time, your EA trade only one pair, EURUSD. Have you concluded that it is better to trade only one pair?
I have an absolutely different system this year. It has nothing in common with the last-year one. It works on EURUSD best of all.
You EA made over 900 trades during Championship 2006. Your present EA has closed 144 positions within the first month of the contest. So we can say that your new strategy trades very actively, too. Or has your approach changed all the same?
Yes, it has. The last-year system can be called scalping. However, I have revised my position towards this trading technique since that Championship. My present system is based on absolutely different principles. The real number of my trades at the present Championship can be with every reason divided by three, since I'm using three strongly correlated subsystems. Thus, it makes approximately two trades per day. Not too much.
Summarizing your participation in ATC'2006, could you tell us what it has taught you? What conclusions have you made and what exactly has influenced them?
First of all, it taught me that the results of scalping EAs may be as different as day and night in Tester, on a demo account or in real trading, as well as they are different for different brokers. So such strategies are unfit for a long-term and stable trading forex.
You wrote on your Participant's page that you were using neural networks in your EA. How complicated is such an EA? What is more difficult to create - an optimal neural network or the Expert Advisor's algorithm?
A neural network that forecasts the changes in exchange rates and a trading algorithm are inseparable, they belong each other. Indeed, the Expert Advisor is very complicated. This trading system was first developed in С++, tested and optimized. Only after that, it was re-written in MQL4 and debugged.
Olexandr, why did you write the program in С++ and then re-write in MQL4?
MQL4 will, for objective reasons, will never be able to compete with C++ in performance, whereas the program operating speed is a very important factor for neural networks. However, there is a more important thing - debugging means available in С++. This accelerates coding of complicated programs.
What do you input in a neural network: indicator readings or a certain set of prices on a certain interval/timeframe?
Readings of indicators developed especially for this trading system. I won't give more details now. The only thing I can say is that they combine some moving averages.
You informed above that your EA consisted of three subsystems. Is it an implementation of the so-called "committee of neural networks"?
No, it is not a "committee". These are three independent subsystems. No one of them "sees" what other subsystems are doing. Committee of neural networks can be a possible development of my EA in future.
After having optimized my trading system's Strategy Tester, I obtained a parameter space where the system produced good results. And, in order not to put all my eggs in one basket, I took from this space three sets of parameters to be optimized. I allocated 1/3 of the deposit for each subsystem at the very beginning. So each subsystem defines the volume of trades according to "its" balance.
Although the subsystems correlate strongly, I managed to achieve some diversification. Well, in a case one of the subsystems starts to lose its deposit for some reasons, two others can get the account out of losses.
Your EA opens positions with preset levels of Stop Loss and Take Profit, but the most of them are closed "by market". What is the reason for this: Does the position holding time run out or do the conditions of position opening "spoil"?
No, it has no relation to the time at all. Positions are closed when the probability of opposite trend increases.
Do you find this probability using moving averages?
Yes, I do. A certain set of moving averages is processed by a neural network. Then the neural network gives a forecast.
The position holding time average of your EA made a little more than 8 hours in October. Multiplying 144 orders by 8 hours and dividing the result by 24 hours (the duration of a day), we can see that your Expert Advisor had been "in the market" for 48 days in October. However, there were only 23 trade days in October. So it is no wonder that your EA was "in the market" practically all the time. Was it your purpose or is it a random side effect of optimization?
Well, it would be just too boring for me to observe my EA that is out of the market most of the time. It's a joke, of course. However, it was not my purpose, it happed so.
Do you visit other Participants' reports? Do statistical data on Participants' pages help you in any way?
Of course, I visit them and look through with much interest. The reports are very informative. The first thing I look at is the balance curve. It can provide you with 80% of information you need. Then I read the data - maximal drawdown, Profit Factor, etc.
In the Participants table, I would add the total volume, direction and currency of the current trades for each Participant to make it more illustrative.
Olexandr, who of your competitors could pretend to take Top Three places, in your opinion?
Locations of the most Participants change so rapidly in the table that I find difficulty in naming real candidates.
Let's imagine that you have won. How would you dispose your prize money, if it is not a secret?
There is no secret at all: I never estimate expenditures before I gain income.
Thank you very much for your interview, Olexandr. We wish you much success in automated trading.