Hedge Fund Copier

This is a discussion on Hedge Fund Copier within the Trading Journals forums, part of the Reception category; Originally Posted by flipper26 Is it totally automated or do you get the signals then place the trade manually if ...

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Old Aug 24, 2011, 6:57am   #8
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread
Quote:
Originally Posted by flipper26 View Post
Is it totally automated or do you get the signals then place the trade manually if you decide to go ahead with the signals?
Interested to see your results. Thanks
The program operates as a stand alone package with no connection to my trading platform, so the signals generated must be entered manually. This can be tricky in a fast moving market, for example yesterday 3 trades were signalled in the same minute, so in splitting each position into 3 trades, I had 9 trades to enter, then go back and add stops and TP's. I missed 2 of the entries by 10-20 pips, but got in 16 pips better on a pullback in the third.

Those have closed now, so yesterday:-

Eur/usd Long +30
aud/usd long 0 ( system took 28)
gbp/chf long +78

The aussie trade was 28 in profit when the sytsem issued a close early signal, but it was in the middle of the night for me, so my stop at b/e was hit.

The gbp/chf trade was also closed early overnight on the platform, but fortunately it was still in profit this morning for me largely due to my better entry, so I could close at a similar pip level to the system.

The pips I quote by the way are the the max available for one third of the trade. For example on the gbp/chf trade I opened 3 positions,(at 16 pips better than the signalled entry) the first third hit TP1 yesterday for 59 pips, then this morning I closed the remaining two at 78 pips each. I count that as a 78 pip trade but the software adds the three positions together and given the worse entry to mine, records this trade as 134pips.
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Old Aug 24, 2011, 9:39am   #9
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread Signal this morining: eur/usd long @ 1.4410.

I missed it because I have the software running on two platforms, home and laptop with me at work. The vendor has no objection to multiple dowloads for this purpose, but only one platform can be logged on at any time. I'd left my Home PC logged and had to wait until someone was at home to log me out before I could get on at work.

by the time I logged on the trade had already hit TP1 at +30 with stops to B/E
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Old Aug 25, 2011, 8:43am   #10
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread Summary of yesterday, 1 signal (I missed)
EUR/USD long @ 1.4410, TP1 hit for +30, TP2 Hit for +70, then reversed.

The system recorded this as +130, being 30pips for TP1 and 70pips for TP2. I wasn't logged in to see the message but when TP2 was hit, it must have moved stops from b/e up to to TP1, to give another 30pips for position 3 on the reversal.

Max pips for a single position +70
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Old Aug 26, 2011, 7:23am   #11
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread Yesterday 1 signal GBP/CAD Short from 1.6059, SL 1.6100 , TP's at 1.6000, 1.5950 & 1.5900

By the time the signal was given market had already moved 20 pips. I could have entered on a pull back, but missed due to phone calls etc at work.

System generated an update later moving TP1 to 1.6025, that was hit for +34. Stops were then moved to 1.6070.

Market reversed to hit stop for -11 on remaining positions.

Net result for the day, 1 signal +12 pips
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Old Aug 26, 2011, 11:01am   #12
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread signal from this morning USD/CHF, long @ 0.7900, sl 0.7830 TP's at 7940, 7980 & 8020

TP1 hit for +40, stops to b/e
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Old Aug 26, 2011, 3:55pm   #13
Joined Jun 2009
Re: Hedge Fund Copier

davechilde started this thread Round up for the week. Pips quoted are max pips for a single position.

MON - GBP/CHF +30
TUES - EUR/USD +30
AUD/USD +28
GBP/CHF +59
WEDS EUR/USD +70
THURS GBP/CAD +12
FRI USD/CHF +40

The pips quoted are based on the system's entry and exit prices, not what I managed to acheive. I missed a couple of trades and or entry points. On balance if I'd been at my platform at the moment each signal was issued I may have got closer, but on one occasion I was and the price had moved by the time the signal popped up.

All in all I think a potential +269 for the week is non too shabby, I could live with catching only half of these.

Plus sides for the system so far? Easy to follow with clear guidance, positive results, very encouraged by no losing trade this week at all.

Minus? System is a platform taking signals from a server operated by the vendor, so I cannot operate unless they are still in business They are not charging ongoing licence fees, which on the one hand is good, but on the other they've got to keep selling copies of the software to maintain the service. Personally I'd rather pay an annual licence fee so they have got an incentive to keep the service running.

Other downside, some signals come during the night, so a risk of missing entries and exits.

More next week.
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Old Aug 27, 2011, 9:52pm   #14
Joined May 2011
Re: Hedge Fund Copier

Quote:
Originally Posted by davechilde View Post
Round up for the week. Pips quoted are max pips for a single position.

MON - GBP/CHF +30
TUES - EUR/USD +30
AUD/USD +28
GBP/CHF +59
WEDS EUR/USD +70
THURS GBP/CAD +12
FRI USD/CHF +40

The pips quoted are based on the system's entry and exit prices, not what I managed to acheive. I missed a couple of trades and or entry points. On balance if I'd been at my platform at the moment each signal was issued I may have got closer, but on one occasion I was and the price had moved by the time the signal popped up.

All in all I think a potential +269 for the week is non too shabby, I could live with catching only half of these.

Plus sides for the system so far? Easy to follow with clear guidance, positive results, very encouraged by no losing trade this week at all.

Minus? System is a platform taking signals from a server operated by the vendor, so I cannot operate unless they are still in business They are not charging ongoing licence fees, which on the one hand is good, but on the other they've got to keep selling copies of the software to maintain the service. Personally I'd rather pay an annual licence fee so they have got an incentive to keep the service running.

Other downside, some signals come during the night, so a risk of missing entries and exits.

More next week.
Have you "test driven" other commercial systems? If so, how does it compare to some of those? Been getting lots of emails from Bill Poulis, Jason Fielder - you dare to look at one of their websites and they innundate you with their stuff. Just wondering if any of it is any good and worth the cost. Thanks
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