(ES trading
system). A
New stock index and forex trading system with small stops and a high
win percentage - es day trading, emini day trading. Make a living with emini trading
course, forex trading, forex quotes. Euro trading system
without euro trading software. And e-mini trading software or emini
trading system. Also including euro trading strategies
Why this trading method
is different:
- I
developed the Amsterdam Method from over twenty years of trading
experience in forex, futures, and options. This includes work in major
exchanges, brokerage firms, and on trading floors in Chicago, a major
financial center. I have traded alongside or worked with some of the
major names in the trading world.
Some of the other 'trading systems' being advertised are often
put out
by salesmen with little trading experience. Others are small-time
traders with no industry experience, located in distant towns, who have
probably never seen another trader, in person, in their lives. I've
watched these vendors multiply like viruses over the years.
- The Amsterdam is a new method based on actual trading experience,
designed to help you make a living from trading.
However, some other vendors are offering recycled information from old
trading books - it may be good information, but not new, and certainly
not worthy of a high price. And others are selling abstract math
formulations found by running old price data on a computer, and calling
it 'trading software'. Still others are selling material that works on
'paper', but is unusable in real trading. And others are really fronts
for FX trading firms, looking to generate more trading volume - they
tend to offer free or cheap "trading courses", with claims of 'easy' or
'simple' trading, and then recommend that you open an account at a
particular brokerage firm - the one they are fronting for.
Why "trading software" is not a good idea:
There
is a
reason why the various "trading companies" and "software companies" are
selling the software instead of simply trading it themselves.
The idea that a trader can make a living by sitting back and letting a
computer give entry and exit signals is a popular myth. It has been
kept alive by trading magazines and websites, and the desperate dream
of many traders that they can make trading "easy" or convenient.
Experienced traders know otherwise. Software can give trading signals,
of course, but what is the long term result of the signals? In my
experience the best that trading software can produce is a modest
percentage gain over the long term, around the same as a buy-and-hold
stock market strategy. To make a meaningful profit you must begin with
a very large trading account, and blindly follow every signal given by
the program, no matter what. Most people can't handle that. And worse,
most trading software produces a win-loss ratio well below 50% - the
old "a few big winners, many small losers" approach. A percentage like
that can produce a long series of consecutive losing trades. It may
profit in the long run, but along the way you can encounter a harrowing
series of in-a-row losers.
Many
of the
top traders and commentators are either here in Chicago, or passed
through at some time. I've either traded with them, talked with them,
or worked in the same office. I've never met a trader who made steady
market profits by letting a computer make all the decisions. I've known
software vendors as well. Most of them didn't trade with their own
software. Some didn't trade at all. They spent most of their time
dreaming up new code, running it on Trade Station with old price data,
and if the hypothetical result was slightly profitable, they would give
it a fancy name and put it out for sale. A software writer once said to
me "...I need $150,000 to trade my new system, it prints money - but
you have to trade 24 different markets at a time!". Another one told me
"..one of my customers is angry, he said he had to stop trading with
my software just because he had 3 losers in a row! I told him you have
to stay with the system for the long haul!" But the customer couldn't
take it anymore - because this software used stops that were 80-100
pips away!
Computers and the Internet already provide a lot of assistance to
trading - electronic exchanges, charting, indicators, studies, price
alerts, realtime quotes in the home, online trading, instant order
placement, etc. I remember the days when realtime quotes in the home
meant hundreds of dollars per month in fees, a yearly contract, and
installation of special equipment. I remember when everything had to be
done with phone calls - placing orders, changing orders, placing stops,
checking for fills, and on and on. There were no computerized chart
graphics at the touch of a button - if you wanted intraday charts you
had to draw them yourself. Be glad that we don't have to trade under
those conditions anymore. Asking a computer to also trade for
you
is asking too much. Look at it this way - modern technology can help
you in your day job, but can it replace you in your day job? Well,
trading for a living is at least as complex as your day job, probably
more so.
To make a living from trading you will have to look at charts
and
make decisions.
Forget the computer programs.
(The views expressed on this
page are opinions based on the personal
experience of the author.)
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page
Disclaimers:
It should not be assumed that the methods, techniques, or indicators
presented in these products will be profitable or that they will not
result in losses. Past results are not necessarily indicative of future
results. Examples presented on these sites are for educational purposes
only. These set-ups are not solicitations of any order to buy or sell.
The authors, the publisher, and all affiliates assume no responsibility
for your trading results. There is a high degree of risk in trading.
NFA Disclaimer: Hypothetical performance results have many inherent
limitations, some of which are described below. No representation is
being made that any account will or is likely to achieve profits or
losses similar to those shown. In fact, there are frequently sharp
differences between hypothetical performance results and the actual
results subsequently achieved by any trading program. One of the
limitations of hypothetical performance results is that they are
generally prepared with the benefit of hindsight. In
addition, hypothetical trading does not involve financial risk of
actual trading. For example, the ability to withstand losses or to
adhere to a particular trading program in spite of trading losses are
material points which can also adversely affect trading results. There
are numerous other factors related to the markets in general or to the
implementation of any specific trading program which cannot be fully
accounted for in the preparation of hypothetical performance results
and all which can adversely affect actual trading results.
CFTC Disclaimer: "HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE
CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD,
SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE
TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE
UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET
FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN
GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE
BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY
ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN."
Emini
trading system and e-mini, also emini trading software.
http://www.invest33.com/fx.htm
Forex
trading system, and euro quotes. Trading methodology or system, forex
trading.
Euro
trading system, forex trading systems and course. Euro fx trading or
forex charts. There are e-mini and S&P 500, with Euro forex .
Emni and fx trading systems. And an emini futures trading system.