Thursday, December 31, 2009

Ending the Year By Hearing You Out... :o)

Today is the last post of the year 2009. With the end of this year I complete 2 years and 4 months of having this blog and working on automated trading systems and projects. I have to say that this year was the most constructive year I have ever had while trading the forex market. I had many ideas, some good and some bad, I learned a lot about the programming of profitable automated trading systems and I started to publish my research on currency trading magazines.

The blog has also evolved a lot, my vision on expert evaluation is now centered and focus, I have developed video databases, added a lot of content to the newsletter, totally remade my ebook, definitely a lot of changes. I also committed myself to daily posting, something I had definitely thought was almost impossible for me to do, but I now believe to be a good way to stay in tuned on what is happening in the automated trading world around me. Daily posting started in September, and now, more than 120 posts later, I can say that it was a great decision. I feel it has improved my English writing a lot (you be the judges of that !) and it has also helped me develop many ideas about both automated trading and manual trading strategies.

Trading results have also been good this year. All trading systems have behaved like we were expecting from backtesting results. The god's gift ATR continues to be live/back testing consistent as well as the turtle trading system. This new year will be very important for me since it will be the first year I will start as a forex trader. Forex trading became my only source of income near March/June 2009 and now I hope I can keep up with this incredibly odd but satisfying life style for the rest of my life :o).

However, the objective of this post is not to talk about my achievements and hopes for the future (conveniently leaving out all the bad things) but to hear you, my readers, customers, subscribers and fellow traders out. Today, the last day of the year, I want to hear you say ALL the things you think are bad and could be improved about my website, articles, ebook, newsletter, etc. I would like you to tell me what you think is wrong and how you think it could be made any better. I truly want to know any constructive criticism you may have.

Do you think I am a bad writer ? do you think I could improve my content ? What would you like to see included on the blog, ebook, newsletter, etc ? I want to hear you out to start next year with your expectations in mind. There is nothing more important to me than to help my fellow traders out and having a high quality blog content and services is extremely important for this reason. Tell me all the things you would want to have changed, added as well as those things you would like me to remove, improve, etc.

All that said...

!! Have a Happy New Year !!


If you would like to learn more about the content of my website and learn about how you too can be profitable with long term profitable trading systems designed with sound trading tactics please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !

7 comments:

Gabor said...

Hi Daniel,

What I would like to see in the blog content: more 'open source' system evaluation (free systems published on forums like Forex Factory) and less commercial.
I liked your indicator series, that would be nice if you continue it.

Altogether your blog and your e-book is a great experience for me, keep up the good work.

Happy New Year,
Gabor

Winter said...

Hi Daniel,

Any step by step illustration where we can trade our way to financial freedom or at least as a professional traders just like you ?
Or it is still a myth ?

Winter

Winter said...

Hi Daniel,

Nonetheless, thanks for all your valuable experiences and information throughout these years.

Wish you a Happy New Year 2010.

Winter

Tcxmon said...

Daniel-

I just started following your blog in the past few weeks. I also bought your e-book and i'm still working my way through that.

I appreciate everything you are doing and you are years ahead of me in automated forex trading.

My only criticism is that your reviews of EA's are based on a superficial review of the web site. Granted that's all you have in some cases. For example, you dismissed Forex Megadroid as not worth buying, but i've purchased it and in back-testing shows about 80% a year profit on average with abut 20% drawdown. I also have first hand reports of someone who has run it for many months with some success. I have also run it for 2 weeks in live demo testing (granted not very long) and the back-test results match the forward testing results.

So I think its a good EA and based on what I've seen, its worth purchasing. Am I a sucker? Perhaps - we'll find out.

That aside, great site and great content. Your English is fine and keep up the good work!

Chris
http://zulumon.blogspot.com

Daniel said...

Hello Everyone :o)

Thank you for all your comments ! I am certainly happy that I have such a good group of followers :o)...

@Gabor : Thank you very much for the comments. You do touch a very interesting point which is the review of free systems. I'll give them more space in my blog next year with a few reviews on them each month. Also great point on the indicator series, I'll write one post a month on that.

@Winter : Thank you for the comments ! Great, great idea. I may do a series of posts on the "road towards financial freedom", in my experience and my suggestions to others.

@Tcxmon : Thanks a lot for such constructive criticism. I am very glad you appreciate my ebook and efforts. Regarding my reviews, I do not consider them superficial, it takes me almost 2 hours to go through every one of this expert websites. However you may be referring to the fact that I do not "buy them and test them" and do a more in-depth analysis. For example, the conclusions you give me about Megadroid are based on your observations, not on what the authors have on their website. You have literally "taken a gamble" because the authors do not show enough evidence to even remotely backup their claims. To put the burden of proof on your account is something you should not do, and that is my exact point. If a trading system has merit I need to be shown that before and not after purchase. If the authors can backup their claims, then let them do that, not you ! Definitely your NOT a sucker because your not getting something proven NOT to work but you have done a "bet" with your money by willing to test an EA for which there is no believable evidence of profitability provided by the authors. I have concluded that the burden of proof is on the AUTHORS not on my live accounts. If an EA has merit, let them prove and I will buy :o). They all know the tests they need to do, if they don't put them up there it is for a reason. Anyway, a post about this to clarify the mechanism in which my review/evaluation works may be very beneficial for newcomers to my blog. Thanks a lot for the suggestions !

Well, I hope more people come and leave their suggestions and comments. Thanks to all of you who have left suggestions and all the others who may be reading this but may not have the time to leave a comment :o)

Happy New Year !!

Daniel Fernandez

cador said...

Hi Daniel,
What you have been doing during the last months, on bealf of traders, mainly newbees like me, are invaluable. Given for free EAs that are profitable, especially the ones under WA project is the best new year gift anyone can have. An I thank You for that in the deepest of my heart. Also I,ve been learning a lot from your ebook and your blog writting and I,m sure my trading will improve a lot this new year. I do not have now any critics on your work but a suggestion/question to make: Is it possible to code an EA based on Renko charts?
Happy new year and God bless you.
Cador

fred said...

i have been enjoying ur blog write ups for two years now keep up the good work. i will like to see more of the indicators (zig zag),and other money managementstechniques apart from atr controlled sl tp etc. Also it want be bad for you to create EA with profit targets upto 200%-250% per year Ofcourse without too much drawdown.

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