The Q Update ( #7 )

Well  my apologies for not updating sooner but from your point of view, there was not a lot to update you on.

We must bear in mind that what we are trying to achieve is very complex. Large corporations with very deep pockets are trying to do the same. To remind ourselves the challenge that we have. We are developing an algorithmic trading system which will be automated thus removing emotions. The aim of The Q trading system is that it will give us a statistical  advantage whilst trading in the marketplace. Remember there is No Holy Grail … it is about placing probability in your favour.

By sharing with you juts how much goes into the development of such a system, it will hopefully save people money. The internet is flooded with so called traders claiming they have developed the Holy Grail and you can purchase such a system for a once-off fee of $299.They even put up videos and reports showing huge profits. “Buyers Beware”. The only way that you can make an honest informed decision is by following a company that allow you to follow a portfolio that is trading the strategy LIVE day in and day out.

That is why TradersNow allowed people to follow us when we launched the €5k portfolio which quickly traded down to €4k. Our strategy clearly was not working. It works so well in historical testing and were able to show some fantastic results. But it is all about developing a system that gives us “the edge” in a LIVE market. Otherwise there is no point !

What we are trying to work on now is that very evasive question. Why does our stratgey work so well in historical testing but not in the live market? Shaun is working with our scientist Dmitriy on this very issue. But there are other issues which we have uncovered but I won’t bore you here with the details.

So thats it for now. Rest assured I will keep you all updated. Thank you for all your mails over the last few weeks and I will send an update in a few more weeks again.

Category: Uncategorized, Weekly Forex Report