Mission:

 To build a profitable Expert Advisor able to return enough  dollars to make an unreasonable profit on very little investment, protected from severe market drawdown!

Why and how we got here!

Forex trading, why, how, when?

The point is to make money plain and simple. As you know or will know soon that sitting in front of a computer screen in anticipation of a currency move can be at first exciting and eventually boring and then without realizing it you're sleeping. The signal you were planning on suddenly came and then went and all when your eyes were closed for even just a moment. Then the process starts over again. Quite a while ago I realized that I needed to find a system that I could use whether I was awake and staring at the screen, sleeping or even when I was called in on a service call. It seemed that the "moves" in the market occurred time and time again when I was not around. Who was I going to depend upon to watch that screen for me? I thought about carrying a mobile device with alerts programmed into my computer at home that would "alert" me when it was time to make a decision to open a position. Yeah!  -that worked well. The alert went off and I was in the middle of a conversation. "Excuse me for a moment I have to check my messages!" About the 5th time I said that to my wife, all hell broke loose.

I decided to begin analyzing the market, the charts, the indicators, the news and the history. I started with one indicator and for weeks I watched and tested and re-tested and eventually figured out that 99% of all indicators do not have a problem showing you the past. Just for clarity, 15 minutes ago IS the PAST! But the history could in many instances quasi predict the future but NOT anywhere near 99.9%. Eventually after many hundreds of hours over more than a year I decided it was time to put together a team who would focus on pulling money out of this market intelligently!

Our idea at first was simple. Establish a goal post and strive to get there and NOT get knocked out of the game. Our team was split into two distinct entities. Both teams would study the market, try and establish patterns, try and determine the best time frames to objectively read charts and make recommendations. Both teams would brainstorm, discuss their conclusions and try and convince the other that their concepts were best. As it turned out, both teams eventually became one because their individual ideas put together proved to make the most sense.

Here is what we came up with. Looking at 5 minute charts you can find hundreds and hundreds of points where you can say: "Here was the point to get in." Looking at daily charts, the number of points diminished substantially because it was easy to see that YESTERDAY the market had gone bullish or up. But what about tomorrow? We further realized that we had to agree on a time frame that was not so far back that it was inconsequential. We eventually chose the 30 minute time frame. We felt that 30 minutes ago was close enough to the present even though we actually and secretly hoped that someday we could figure out how to look 30 minutes ahead instead of behind the present.

Next we had to choose a currency to work with. There are a 1/2 dozen major currency pairs and many dozen of minor pairs. A few of the pairs had serious volume and larger movements than others. Some pairs were rather blah! We had to select a pair that had enough movement to make profits after paying the "opening" fee to place the trade. Our efforts would become concentrated on the GBP/USDm pair. All of our work went into this pair. We studied it's history, it's charts, the height of the bars, the distance between opens and closes in relationship to the high and low for the same bar and in relationship to the previous bar and bars. We worked with every indicator that was made available and built a few of our own. We looked at several different institutions to place our trades with. We decided that we needed to move our "manual" trading system to the computer. Why? Because we were unable to follow our own rules in the trading of the currencies for lack of focus, consciousness, sleep or just plain old distractions.

Our team members are all 40+ years old (2006). We come from varied fields. We come from 15 to 25 years of schooling and hard work. We are all computer programmers in one language or another. We knew that the computer was a tool we could use that would patiently follow our every instruction without complaining too much. We knew that if we set up the rules, set them in code and controlled the environment, the computer would sit there and process thousands upon tens of thousands of ticks and find the points we were looking for to place "buy" and/or "sell" orders into the forex market. It would also know when to close them according to our game plan as well.

The team decided on the Metatrader platform. We decided on using InterbankFX as the broker/financial institution to test and trade. Currently we use the Metatrader vertically set on Microsoft Windows and we have done all of our programming and testing on Windows XP. In our opinion, Microsoft Windows XP is the most widely distributed Operating System and has the most experience with the Metatrader Application. We have established certain rules and conditions for running the computer including as an example that the computer system being used is powered by a Uninterruptible Power Supply and that the Operating system is NOT allowed to be upgraded or updated during the actual process of the trading period. The computer is dedicated to this task and only this task.

Remember that your participation in trading currencies is your choice and that it can be dangerous if you do not know what you are doing. Further, you must know that you have absolutely no control on how the currencies will move either bullish or bearish. You can lose your money in the Forex market just as easily as make a profit. You should take the time to study how this market functions and familiarize yourself with it's every aspect. You and you alone accept full responsibility for deciding to participate in currency trading. You and you alone accept full responsibility for your choices or methods, tools, computer software and any other means by which you choose to participate in the Forex market.

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