Just go here, register for the forum and use the free EA.
forex trading

I am following one signal service which I think it works so far. If you want to try, just find my other tread.

You are totally wrong. All the systems I trade: fozzy, sibkis, daily20pips, and hasn123: I use 1 whole lot 100K, I do not change the value of the lot, whether loosing or winning. Since 1-1-2007 I use 1 lot.

So the values you have are totally accurate.

Cheers
Welcome to My Fx Report - Live Forex Trading

Latest Trading Results for FREE NON COMMERCIAL SYSTEMS

Fozzy +690 Since February 2007
SIBKIS +799 Since February 2007
HANS +1175 Since January 2007
DAILY 20 PIP +110 since July 2007

Cheers
Welcome to My Fx Report - Live Forex Trading

It takes more than a good system or a signal provider to beat the forex market. A good system or signal provider is surely an essential part of the process, but many other things you should do in order to achieve beating the forex market. Here is a list of factors and actions to take into consideration:

1. Randomness

The forex market is by far a random market. Why random, because no one can guess the effect of any news piece on the market. While good news for the dollar could take it up, yet many times it could lead to a decline of the dollar. It is the actions of millions of traders which drive the market, and one can guess in which way the traders would act.

Randomness is very hard to beat. But with a good trading system you can at least come out breakeven or slightly winning. A smart trading system is a system which does not depend on the outcome and effect of news, but takes into consideration both market reactions, and sets the orders in a way were the trader would benefit either way, and the Risk to Reward Ratio is low. Although the hit ratio could be 50-50, yet since R/R is low, then beating randomness is fairly possible.

2. The Edge

If you ever went into a casino and played roulette, then you would know what the edge is. Roulette even it is a purely random game, yet if you place the bet on the same number every time, you won't end up winning or even in breakeven. If you bet on red or black, the green (zero) will play against you.

In forex, the spread is the edge. Whenever you enter a position, you enter it losing. If the spread for GBPUSD is 4 pips, and you buy or sell 1 lot, then you will be losing $40 at once. Now, you have to win 4 pips before you become breakeven.

Now here is the trick, you should always try to lower or eliminate the edge. One way of doing so is to find a broker with narrow spreads. Every pip you save will count to your equity. Narrow spreads are easier to overcome.

3. Losing streaks

Sometimes "bad luck" strikes. Even the best systems in forex will face some losing streaks. What to do? Stop trading the system? Continue? If you stop you will never know if the next trade is going to make all the losses, and you could lose the opportunity to overcome the losses. And if you continue, you would face pleading your equity!

So what to do? The best thing to overcome such danger is to trade multiple systems at one time. Different systems won't face the streaks at the same time. One losing system would be overcome by another winning one. The result is good.

4. Slippage Never give up to slippage. Do not let it damage your trading habits. Just instruct your platform to only fill orders up to a max of 3 pips slippage.

Regards
Yanni
Welcome to My Fx Report - Live Forex Trading

Can you test this system please?

Vision Trading Systems - Automated Forex Trading Systems and Signals.

Even multiple systems can all face streaks at the same time , don't be kidding yourself .I have seen it many times on historical testing.Test several different systems together and see backtests and allow for the miracle to wipe your account

Many of Hans followers blew their accounts WITH LIVE TRADING AND REAL ACCOUNTS because they used to believe in these type of statements

Great post Jgeriousis but the master foresees your one mistake .Hopefully this mistake won't be repeated

Regards

eL cID

__________________
developer of professional quality expert advisors for fully automated trading

E- cid thaks for your reply. But as you can see hans never lost.

I'd rate myself as one of the Hans' fan-base but one thing is undeniable about this strategy - absolutely horrendous consistency. You are either winning big or losing big - hmmm, you could rate that as being consistent I suppose, but not in a 'good' way!

It's Sharpe ratio must be close to zero...

Omelette, there is also something undeniable about hans, is that it makes money. If you have nerves of steel, then you will make money.

As far as my live trading tells: in 2005 hans had big profits
in 2006 I made 2400 pips with it.
in 2007 1200 pip and still trading.

Yes, it has a large drawdown of 1600 pips, but the system is strong enough to overcome that.

regards
yanni