Forex Signal Providers – Journal

As of 16:41 EST we had 4 closed trades and 2 open trades.
The Profit Club: GBPUSD 17 pips
ATR Channel: +15 pips — this was a manual close I had .3 lots open long on GBPUSD with a potential of another .1 lots so I felt it necessary to sell one of them – good thing I did it was only 8 pips better than the system exited.
ForexFighter-KO : GBPUSD – 44 pips stopped out
ATR Channel: -44 pips the
Today: – 56 (-60 with commission)
Open positions: 2 different Short GBPUSB with ATR Channel +2 and +7

Balance: $2442.20
Equity: $2451.20

As of 16:38 EST we had 3 closed trades and 2 open trades.
The Profit Club: GBPUSD 0 pips
ForexFighter-KO : GBPUSD – 37 pips
ATR Channel: -74 pips
Today: – 111 (-114 with commission)
Open positions: 2 different Long GBPUSB with ATR Channel -31 pips
Balance: $2502.50 (-$60)
Equity: $2471.50

Screenshot: http://minnelli.com/forex/fx-auto/

Ok with fx-auto I have selected 3 systems to run. I have limited the selection to only GBPUSD for right now.

System 1: ATRChannel – http://forexfiesta.com/systems_trend.htm
System 2: ForexFighterKO – http://www.forexfighter.com/
System 3: TheProfitClub – http://www.profits-club.com/?a=cust&page=performance

Friday the auto trading system started me out great. The ATRChannel system produced 2 early morning buy signals one at 1.9939 and the other at 1.9946. Both trades were up about 70-80 pips (sorry can’t watch all day), but finally closed out around lunchtime with a +26 and +30 profit. Now with fx-auto they charge a 1 pip commission so my net +54 – not a bad start. No other systems triggered, but ForexFighterKO did have open orders pending – the market never made it to the stops.

Equity = $2618.50

Interbankfx (FXGURU)

FXGURU.net requested I use Interbankfx as the broker. The setup was pretty simple, the standard issues with forgetting to send this or that form, but pretty painless. I funded this account with $985 because they had a credit card processing fee of $15 for a deposit between $500-1000.

FXDD (Fx-Auto)

This also was pretty simple but because I didn’t fill out the fx-auto power of attorney form they opened a standard forex account. It did take them about a day to fix the issue and get me the correct logon and password for the fx-auto platform. Because I has a demo account rolling I noticed the systems I wanted to trade were all up. The one day delay lost me 150 plus pips, but who is to say I would have really picked those systems in my real account. I was just happy to see the demo working. In this account I funded it with $2500 and they gave a nice 2.5% BONUS, so my starting capital here is $2562.50.

Earlier last week, around April 16, 2007 I started to review some trading strategies over on the Moneytec forum. I was trying to find an old system I placed up there a few years ago. However, they have cut some of the old posts out and I wasn’t able to find it. So I made my way to the ForexFactory to poke around. I started reading posts about hedging and carry trades (lower risk stuff), but couldn’t find anything interesting that would allow me to do my normal job and forget about the trades. I was looking for a simple system to maybe run once a night and forget about it. What I discovered I needed was a money manager – someone who didn’t charge an arm and a leg and who would allow for LOW minimum account balance.

Here is what I came up with:

http://www.fxguru.net/

These guys allow a minimum of $500 and do charge an incentive fee of 20% and $1 per round turn on the trades. Veselin Spasov is the head manager and I think they have 4-5 guys on staff, but I’m not 100% sure. I will let you know who this goes.

http://www.fx-performance.com/ or http://www.fx-auto.com/

I opened and account with them because I could see validated trading results. They have like 50 systems you can trade automatically through FXDD. The system is called FX-AUTO. I will let you know what systems I’m using and the results. The minimum amount to start is $2500 – they do charge $1 per round turn on trades, but you do NOT have to pay $100s in monthly subscription signal fees. They do have a demo which I would recommend downloading and testing it out for yourself.