Day Trading & Forex Forum

cu2

Looking around for an automated trading system. Found this website.
http://www.trader-signals.eu/tradesi...ed_trading.htm

This system handles FX and has a free Demo account where you can choose upto 200 systems.
Plus what I don't understand is the systems are all free!

I would appreciate you getting back to me with your recomendations or comments on trading this way.

JTrader

But are any of the 200 any good, thats the important question, they may all be functional, highly sophisticated, but NON-PROFITABLE trading systems.

cu2

Your absolutly right but they give you the oppertunatey to try them out on a demo account for free. I would hope that you can view performance reports on systems aswell. I'm on holidays soon and I want to make the most of the 30 trial days so it would be nice to get some feedback from others who have tryed it.

the blades

Hello cu2,

I presume the set-up is similar to that offered by C2 autotrading of forex, FXCM's auto-trader and FX-auto.

You choose the systems and are charged, I believe, a further pip spread which goes to the signal provider. So they aren't "free" as such.

Advantages are the ability to operate more diversified systems without being stung by high signal fees. Possible disadvantages are the signal providers profiting from more, (rather than quality)signals.

Cheers,
UTB

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you fill up my senses

rols

Yes

Suggest a look at the small print is in order. Costs and commissions are hefty.

The man who always wins is the man selling the tickets.....

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The future ain’t what it used to be. Yogi Berra.

the blades

Thanks rols,

Are you suggesting that there are other charges than the wider spread?

If so, what?

If not - what does the small print tell me - why not just factor in the wider spread into the average profit per trade (I believe the platforms do this)?

Anyone interested in such systems might check out somebody who actually does use them - on www.fx245.com I don't actually use this type of sevice (but I might in future )

Cheers,
UTB

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you fill up my senses

cu2

I don't know about you but I don't think that the costs are very high.
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Quoted from the website.
Low-Cost:

Subscribing to all of the signal providers offered by ProSignal would cost you thousands of dollars per MONTH! However, you receive access to ALL of them for the low cost of just $1 per 10k lot round-turn.
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There is also a list of systems with the performance, drawdowns etc. Not bad. Will be looking forward to see how the trail goes.http://www.prosignalfx.com/autotrade

rathcoole_exile

cu2, you've cracked it ! Congratulations !! While the rest of us sad mugs have been spending 12-16 hours a day preparing to trade* and trading, you've hit the nail on the head. It's so obvious i don't know why i didn't think of it before. just use a free automatic system, hit the beach and let the profits roll in. where do i sign up ?

* i maybe only make 4 or 5 trades per month, but chart analysis, updates, postion re-assignment etc is a full time job for me. Silly really, i should just automate everything.

Congrates again on your first step to untold fame and fortune.