Automated Trading Strategies and Software Review

Its about that time again…lets see how the auto trader has been doing this week.

Not much to report so far, nothing on the Crude Oil or the Russell. The big mover this week is Gold.

As you can see we took 4 trades today. We took a first trade loss to start the session, and then took 3 winners in a row.

· Each winner = 95 ticks of profit

· Each loss = 35 ticks of loss

· Sound good? I agree.

This is great, we earned over 250 ticks ($2,500usd) in 1 day on this auto trader.

That would explain why our long term results are so great.

In all reality it really does NOT matter what this auto trader does today or even this month. I focus my attention to the LONG term results.

· Does this make money every day? No.

· Does it make money every month? Yes. And that is what I care about most

Look at these 90 day results.

· $10,160 over 90 days (Feb thru today)

· Monthly Average = $3,386 per month per contract

· 83 trades it needed to achieve that (83 x $5.00usd = $425usd in commissions)

· We earned $10k and spent $425 in commissions for the total number of trades. ….that works for me!

· We averaged less than 1 trader per day…this means it does not over-trade or kill your account with 1-2 bad days.

· These results look great! Start with only $2500 in your account.