E-book Category: E-Business, E-Marketing, Forex
E-book Title: Automatic Alpha How To Build a Winning FOREX Trading System
Book Description: All About Automatic Alpha
"How to Build a Winning FOREX Trading System" This is a risk free opportunity for you to learn the art of building an automated trading system. Keep reading to learn how iExpertAdvisor can offer this product to you without you risking a dime!
What is Automatic Alpha?
Automatic Alpha is an 80+ page ebook that fully describes the process of developing a winning trading system.
Building a winning trading system can be an illusive task. Fact: Most traders will never develop a winning trading system without using the techniques described in Automatic Alpha.
Automatic Alpha introduces a framework, The Trading System Development Lifecycle, that completely describes trading system development. Once a trader learns this framework they can immediately begin to develop their own winning trading systems.
The concepts described in Automatic Alpha are reinforced with the implementation of a fully automated trend following trading system, named AutoAlpha.
AutoAlpha is implemented using both MetaTrader versions 3.x and 4.x MQL languages. The full MQL source code for both versions is provided with the ebook.
The AutoAlpha entry is viable on all pairs. The AutoAlpha exit, as described in the ebook, was developed specifically for the highly-liquid, low-spread EUR/USD currency pair.
AutoAlpha is a medium-term trend-following system. It opens, on average, about 2 trades per week. The initial stoploss and takeprofit values are multiples of the 24-period ATR: the stoploss and takeprofit are usually within the range of 75 to 135 points. Most trades last about 2-3 days.
View the equity curve of AutoAlpha below. This graph depicts back-tested results from 5/2003-7/2005. Only one lot is used per trade and all trading commissions are included. AutoAlpha is a robust trend following system and has provided an average of 50 points per month over the last several years. A trend-following system was chosen as the subject of Automatic Alpha because trend-following is one of the few strategies that has proven reliable over the long term. The AutoAlpha trading system is similar to black box systems that are currently sold for thousands of dollars.
Automatic Alpha is both a comprehensive book - teaching you how to develop your own winning systems, and an actual trading system. You can start running a winning trading system today.
Here is the part of table contents of Automatic Alpha. - Preface
- Part I. Introduction to System Trading
Mechanical Trading Systems
Background Information
The Trading Platform
The Target Audience
The Target System
Anatomy of a Typical Trading System
About Technical Indicators - Part II. The Trend-Following System
Introduction to the Trend-Following System
The Trading System Development Lifecycle - Part III. Building an Expert Advisor
The Tools of the Trade
MetaTrader UserFunctions
A Typical Expert Advisor
Building for Robustness - And much much more.
Who should read Automatic Alpha? - Traders interested in building their own winning trading systems.
- Traders that want to start running a winning trading system today.
- Anybody interested in learning how most winning trading systems are outlined, developed, tested and finally qualified.
Are you a chart-watching discretionary trader?
- Read Automatic Alpha to learn how to automate your manual trading system.
Are you new to FOREX trading? - Learn the inherent advantages of mechanical system trading. Get started off on the right foot and start running a winning trading system immediately.
How will Automatic Alpha help you? - Learn to turn your own creative ideas into winning trading systems.
- Learn to quickly determine if a trading strategy is worthy of further development effort.
- Learn to build a robust trading system - one that has a very good chance of working in the future.
The base system, AutoAlpha, which is used to exemplify The Trading System Development Lifecycle, is a solid and robust system. However, there is a very important chapter in Automatic Alpha which lists suggested improvements to AutoAlpha. These improvements can be used to significantly improve the performance of the base system - and the exact implementation of these improvements will be yours and yours alone!
To learn what mechanical trading is really like, you need to actually run a system. Since the MetaTrader platform is free and widely available, you can start running a system within hours of purchasing Automatic Alpha.
Don't waste your valuable time learning the lessons that successful mechanical traders already know. Read Automatic Alpha and learn in a few days what takes most traders years (and thousands of dollars) to learn.
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