Ray Robot II and I have just been called a variety of names over on a LinkedIn thread started by Marcos López de Prado and entitled "Pseudo-Mathematics and Financial Charlatanism". As best as I can work out Guy Fleury has suffered a total sense of humour failure, and his view can be summarised as:
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It has recently been pointed out to me by a sharp eyed reader of the Trading Gurus home page that Ray the Random Robot has been flatlining for quite a while now. Here's how his equity curve looks at this precise moment in time, courtesy of myfxbook:
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Ray Robot II™ has now been running his live spread betting test comparing Alpari UK with GKFX for over a month. We're rather obsessive here at the Trading Gurus, and we've noticed a variety of interesting differences between Ray's four experimental accounts during that time. Some observers have however suggested to us that all that matters in a trading account is "the bottom line". Whilst we humbly disagree with that assertion, Ray is nonetheless now proud to announce that there is at last a difference between the bottom line of his Alpari accounts (currently standing at £255.00) and his GKFX accounts (currently standing at £261.00). There are any number of other (less significant?) differences also.
More on Ray Robot Makes More Money Spread Betting with GKFX than with Alpari
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We were just gearing ourselves up to gently launch Ray Robot II™ onto an unsuspecting world when Alpari UK announced that they had started offering MetaTrader 4 spread betting accounts. In contrast to some reports elsewhere on the web, here at the Trading Gurus we are well aware that automated spread betting via MT4 has been available for well over a year from another broker – the recently renamed GKFX. We figured we'd kill several birds with one stone by running RR2 in identical fashion on live accounts from both MT4 spread bet brokers. While we're at it we thought we'd also try him out on demo accounts from both brokers, to see if there is any noticeable difference between automated live trading and pretend trading at our small sample of MetaTrader brokers. Whilst we're at that we thought we'd also compare some backtest results with all those forward test results, to see whether that made any difference to the outcome(s).
More on Ray Robot II™ Spread Betting Live Test – Alpari UK versus GKFX
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As a couple of our more perceptive readers have recently pointed out to me, Ray the Random Robot's equity curve (the live version of which you can see proudly displayed to the left of this post) has recently suffered an obvious "blip". Here's an enlarged version of where Ray's up to today, preserved for posterity:
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The myfxbook blog has just been updated with a new post summarising the results of their most recent MetaTrader 4 trading contest. It includes a revealing pie chart showing that after 30 days of demo trading,:
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Earlier today MetaQuotes Software Corp. published a tutorial on the MQL5 community website about how to create MetaTrader 5 expert advisors without needing to be a programmer. The tutorial covers how to use the "MQL5 Wizard" that comes as part of the MetaTrader 5 client software to create your very own EA by just pointing and clicking with a mouse. MetaQuotes also published today a tutorial for programmers discussing how to go about creating the software modules that users of the MQL5 Wizard are able to choose from when building their own personal forex "robot". Unfortunately at the end of the day if you're not a programmer it seems as though you're still going to be dependent on programmers to provide all the tasty ingredients you might want to put into your own personal trading system "recipe".
More on How To Create MetaTrader 5 Expert Advisors Without Programming
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US broker FXCM announced a new educational website for forex traders today. FXCM Digital Expo is separate from their existing DailyFX portal, and makes available over 40 videos recorded at FXCM’s Forex Trading Expo in Las Vegas. Apart from simply viewing the videos on the new web site you can also download them free of charge using iTunes. The slides used during the original presentations can be downloaded too.
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The first day of a new month has arrived, and Ray the Random Robot™ has asked us to update you all on the progress he has been making in the numerous MetaTrader 4 automated trading contests he has been competing in recently.
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Ray the Random Robot™ has just entered yet another forex trading competition. This time it's the Myfxbook/FXOpen October 2010 MetaTrader 4 ECN Trading Championship. This championship doesn't actually start until October 25th, so Ray is actually ahead of the curve on this one for a change! However one the rules of the competition states that:
More on Ray the Random Robot's Results are now Live on Myfxbook
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