.... the choice of broker makes no difference if you are not HEAVY scalping on the 1M or something, the strategies still go down overall, each time – everyone can “sing a song” about this here. I am doing this since 8 years now, nothing is really working out, not even with regular re-optimizations / adding new strategies. As much as I hope it for you, your portfolio will most likely be no different – I´ve seen it literally a 1000 times in my life. Apart from the small differences between your brokers, I can almost guarantee you where it will go in the mid to long run. But why not proof us different and show us that you beat the 3% bank rate? Give us a My**Book link to your portfolio ???? I seriously hope it will turn out for you, but the chance is as low as winning a lottery. Otherwise I´d made have millions already if all my (robustness and boot-strap tested!!) strategies would ever have made me money longer than a few days or weeks at all.
My conclusion is simple and logic: the markets are changing to drastic, especially nowadays. Everyone is switching to automated trading and the institutionals are switching to HFT, so the underlying inefficiencies that our strategies explore, are gone by the day we go live as the market keeps on transforming. Really, I´d love if it would be different, but show me just ONE mid / long term successful EA (apart from SQ) – especially in 2015. There are forums all over the internet that hold thousands of EAs that have been made throughout the last 10 years when forex forums became popular, yet NOT ONE of them is making money constantly. The same here, the strategies section of this Forum is as empty as it can be and the “successful” portfolios that HAVE been posted here, are now either deleted or, if still available on My**Book, go down or max side-ways after a slight initial gain.
Doesn´t all of that tell us something? I am sorry, I am not pessimistic usually, but
I´ve spent 8 years on all of this, in heaps of different programs (MT4, Multicharts, SQ, PriceActionLab, TSL, Kantu, FIX API, you name it), have learned tons of different languages, do log my own tick-data of my broker (which has great execution without to much slippage and I actually kind of work for them as well as an adviser for liquidity), yet nothing has worked longer than a few weeks at all. Really, I´d love to be convinced differently, so everyone who is successful with automated trading, show us your My**Books, or at least a screenshot of a successful LIVE account (you can remove account number etc) that is traded automatically (regardless if SQ). I have yet to see just ONE which does more than a few weeks at all before failing. As hard as it is….
I´ve collect all the My**Books links that I was able to find on the Forum that do run SQ generated strategies and that have (had) a solid approach to how they did it, see for yourself where all of them are (or have been, as they have been stopped) going:
http://www.my**book.com/members/stra...olio-1/1188718
http://www.my**book.com/members/Thre...tfolio/1238851
http://www.my**book.com/members/Harm...-trade/1390266
http://www.my**book.com/members/Prin...tfolio/1244436
http://www.my**book.com/members/adri...bation/1173012
http://www.my**book.com/members/adri...gbpusd/1123911
http://www.my**book.com/members/adri...unner8/1095185
What to say about that? Alone the low amount of My**Book links shows that most must not be so proud to show their results, yet the ones that do (thanks for that), are all going nowhere or down after the typical initial growth of a week or a month at the most. Sorry to say, but it´s almost time for me to call this done, it´s been repeating EXACTLY like that for 8 years for me. And I see it´s the same for anyone else here as, beside advising theoretical replies (thanks for that though) why “it must be done this or that way instead” or why “it is clear that it is failing and you just must do X”, which I am hearing since 8 years as well, I have yet to see just ONE person posting their successful, automated, ** trading account (regardless of the method the system has been created with).