I opened a new Demo Systematic Account with Alpari (UK). This system runs online on Alparis' Servers and you can access it through a web interface in your browser. No need to purchase a bot or install software on your PC, and no need to have a VPS (Virtual Private Server).
Once you have logged into your account you can add some automated strategies to your portfolio. You can choose from 20 predefined systems and combining each system with all the available currency pairs you have 1015 strategies to choose from. Pretty extensive... All of these strategies come free with your account. While reviewing the strategies (before adding them to your account), you can sort the systems according to profits, success rate, etc. so they make it really easy for you to find the best performing strategies. It is a hands-on exercise though and I would recommend that after you add one or more strategies to your account, check it daily, even if it is an automated solution. You can never be too careful and in doing so you can maximise profits over the long run (which is the most important factor in Forex trading)!
After initially testing this system on two strategies, and getting amazing results, my account totally got wiped out! Guess I was a little greedy... I was, very abruptly brought back to the harsh reality of forex trading. There is still a huge potential with this system and I will figure it out! I'm opening a new account and will start afresh, this time frequently changing my strategies while keeping a watchful eye on my account. I'm sure I can crack this code. Alpari (being a very popular and reputable broker with many successful auto-traders) will not offer these strategies if they didn't work and I'll persist until I am successful. I consider this as one of the strong contenders for the top 5 of the strategies I'll eventually use when trading live, real money, accounts.
Unfortunately I haven't figured out how to link to the live account for you to look at, but I will post screenshots that I will grab every time it closes trades. As stated before I will not tamper with ANY results posted on my Blog so you can be assured that this is truly accurate results. Since the Demo account is free to open, try it for yourself and give feedback so that we can compare!
I have removed my previous screenshot as there's not much to see after it being wiped out :)) I will however soon post a new screenshot once I'm getting better results... The idea behind this Blog is after all to provide you with the best performing systems/strategies/settings, so watch the space!
Once you have logged into your account you can add some automated strategies to your portfolio. You can choose from 20 predefined systems and combining each system with all the available currency pairs you have 1015 strategies to choose from. Pretty extensive... All of these strategies come free with your account. While reviewing the strategies (before adding them to your account), you can sort the systems according to profits, success rate, etc. so they make it really easy for you to find the best performing strategies. It is a hands-on exercise though and I would recommend that after you add one or more strategies to your account, check it daily, even if it is an automated solution. You can never be too careful and in doing so you can maximise profits over the long run (which is the most important factor in Forex trading)!
After initially testing this system on two strategies, and getting amazing results, my account totally got wiped out! Guess I was a little greedy... I was, very abruptly brought back to the harsh reality of forex trading. There is still a huge potential with this system and I will figure it out! I'm opening a new account and will start afresh, this time frequently changing my strategies while keeping a watchful eye on my account. I'm sure I can crack this code. Alpari (being a very popular and reputable broker with many successful auto-traders) will not offer these strategies if they didn't work and I'll persist until I am successful. I consider this as one of the strong contenders for the top 5 of the strategies I'll eventually use when trading live, real money, accounts.
Unfortunately I haven't figured out how to link to the live account for you to look at, but I will post screenshots that I will grab every time it closes trades. As stated before I will not tamper with ANY results posted on my Blog so you can be assured that this is truly accurate results. Since the Demo account is free to open, try it for yourself and give feedback so that we can compare!
I have removed my previous screenshot as there's not much to see after it being wiped out :)) I will however soon post a new screenshot once I'm getting better results... The idea behind this Blog is after all to provide you with the best performing systems/strategies/settings, so watch the space!
I encourage you to post comments, with your help we can find the best systems out there. If you liked this article, Digg, Buzz or Tweet it!
12 comments:
Intersting, just joined up to alpari and looking for info on Systematic. 2 weeks on how are you going? Can you supply a new screenshot?
How the loss to win ratio now?
Do you have any updates for August?
What is CAC and where does one get it?
Thanks
KT
Hi guys,
Thanks for your interest, I will update my post later today or tomorrow...
LOL my Demo account almost got wiped out by 6 trades going bad, a loss of almost $4000. I've learned my lesson there and I'm currently changing my strategy but it's taking a little longer than expected. I'm thinking of starting afresh with a new Demo account and a LOT less aggressive settings. I want to test this system for at least 3-4 months before I'll consider going live.
I've been very busy with FapTurbo and getting my settings and various Demo accounts set-up. I will however concentrate on Alpari Systematic the next day or two and update the post with full screenshots and a few other updates.
Keith: CAC is one of the systems that you can add to your portfolio on your Alpari Systematic Account. Once logged into your online Systematic platform, you click on Portfolio -> Add New System and you'll see all the options loading at the bottom of your screen.
Hi,
I just opened a Systematic Demo account and after a careful selection of systems I got more than $8200 after just 15 trading days. I won't use so high risk rates (my leverage is about 1:202 now which is _quite_ high) because it's very dangerous to my roll in a case of a real account.
Hi Peter,
Yes, the problem I now have with Systematic is that you can't trade micro lots (0.01), which is problematic if you go live with a $500 account, it can kill ur account in a day or two :D
Although I read somewhere that they will now be supporting micro lots, I'll see if I can find out...
Hi PieterSA,
Are still working in Demo account or you opened the live account in Alpari Systematic? If you already opened the live account, then how its working?
I just opened a Systematic demo account, if you send me good suggestion then i wil try to go live.
Please send me your valuable feedback to krishna_csk@yahoo.co.in.
Thanks
Krishna
Hi Peter,
My advice to you or anyone else thinking about going live with this is "DONT DO IT"
There isnt a black box in existence that you can put money into and get returns without a huge amount of risk.
Think about it, if this worked all the big financial instituions would be putting all thier money into it and reaping infinate profits.
PLEASE, save your money, go learn to trade manually and employ proper trade management. Be satisfied you can grow your account by 1 or 2% a week and look forward to 5 or 10 years time when you will be enjoying a decent income.
I know there are bound to be examples of people who have earnt a large amount of money from this but they are extremely lucky.
The problem is you are reading this thinking people trade systems very successfully both manually and with expert advisors and I agree. But they manage risk properly, avoid trading news, low volatility, different times of day and any other of the mutitude of reasons that can wipe out valid trades.
If you think you can just put 1000 bucks on the line and dont mind losing it then carry on, but if not PLEASE
DONT DO IT
DONT DO IT
DONT DO IT
Patient Paul, you really are a patient dude and now you just increased my fear. I have had doubts about this in regards of what you said that all the big financial homes would have done it. I think you are right and come to think of it, why does Alpari still have staffs working for them when they all know these things? I think the PAMM is more realistic than the Systematic. Again I read the disclaimer on the Systematic and it was saying somethings that the factors in a live account are different from what occurs in the systematic. I think I know where to break the jinx. I have a micro live account and next week, I will follow the trades of these Systems and take whatever position they take and see how well it works. If it works fine, then I will keep running a demo and mirror the same trades in my micro account lol. Smart butt you'll say. I hope I will find my way here to make a comment then. Email me on lyadrian6452@yahoo.com if by friday 6th of April my comment is not here.
Wish us luck
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