True Managed Forex

Welcome to True Managed Forex. This is a site where we will be discussing various Forex trading options and strategies available today to anyone who would like to work from home being their own boss. We will also be discussing various Forex systems and automations whereby Forex can be traded for a profit. This site will start out giving as much information as possible regarding Forex and will be updated and maintained regularly. We will also use this site as a springboard to our own system.

Monday, January 22, 2007

Spare change needed


ok, so here's the deal... They will let me have a demo, but I have to pay for it beforehand... $250 for the program i posted about in my previous post...

So, what do you guys reckon? Reckon my visitors could scrape together between all of us the $250 needed to buy this prog. If you would like to help, please scroll right to the bottom of the page and follow the link to email me for more info...

Those of you that donate towards this, I might just have a special deal for you regarding this...

So guys, I'm stuck in a country where $250 means a hell of a lot more than it sounds, but if you guys email me, I'm sure we can work something out...

Something to think about: I have 1.3million impressions left on a highly visited site for banners, as well as 1.3million text adds comprising of 4 lines of text... all prominently placed on the site... maybe you would like that and we work out something from there... others not wanting to do that, I'm sure we can work something out...

Monday, January 08, 2007

Prosperous 2007 with 1200% a year?


That's right (well maybe)....

Santa dropped by not long into X-mas day and filled my stocking with a url which I wish was earlier noted...

I'm currently in negotiations with the owners of the wonderful EA they proclaim they have, if possible I will test it to the Max and then we will take it further from there...

I'm not even going to name names at this stage, but let's just say that once I have publicly tested this, I will praise these guys for a long time to come... As always, my testing will be done by me and me alone, without preference or favour.

No-one likes to have some yuppie brag his ass off and then get bent over because you followed stupid advice. So, let's wait and see what comes off this, if they play ball we all might have a very nice time in 2007...

I would also like to apologize for not posting so much in the later stages of 2006, things went hectic, but that was always the purpose of this site, to be able to have your forex account trading itself in such a manner that you would not have to be looking over it's shoulder the whole time like a vulture...

I will let you guys know as soon as I get a reply.... Round up the folks, this might get hectic!

Wednesday, October 04, 2006

Full Test Report - 1Minute Timeframe

Foreign Exchange Tester Report

SymbolEURUSD (Euro vs US Dollar)
Period1 Minute (M1) 2004.06.21 00:01 - 2006.07.07 00:00 (2004.06.20 - 2006.07.07)
ModelEvery tick (based on all available least timeframes with fractal interpolation of every tick)
ParametersTakeProfit=72; Lots=0.6; TrailingStop=74; MACDOpenLevel=4; MACDCloseLevel=6; MATrendPeriod=26;

Bars in test659098Ticks modelled2866221Modelling quality22.05%

Initial deposit10000.00

Total net profit4718.76Gross profit9285.96Gross loss-4567.20
Profit factor2.03Expected payoff98.31

Absolute drawdown0.00Maximal drawdown2821.32 (21.28%)Relative drawdown21.28% (2821.32)

Total trades48Short positions (won %)27 (81.48%)Long positions (won %)21 (76.19%)

Profit trades (% of total)38 (79.17%)Loss trades (% of total)10 (20.83%)
Largestprofit trade457.92loss trade-1428.33
Averageprofit trade244.37loss trade-456.72
Maximumconsecutive wins (profit in money)10 (2529.33)consecutive losses (loss in money)4 (-2821.32)
Maximalconsecutive profit (count of wins)2529.33 (10)consecutive loss (count of losses)-2821.32 (4)
Averageconsecutive wins5consecutive losses2

A real bad forex result.... Ok, 47% in 2 years is still a great return, still better than any bank... Foreign Exchange is still the way to go... Allthough, have you noticed that suddenly the modelling quality dropped to 22.05% ?... That is also another thing to look out for in managed funds... If they only provide historical results (Foreign Exchange Managed Funds Comments), how good was their modelling quality? How exactly did they do the tests and were they run through various options and settings in order to prove without a doubt that it is an even semi-reliable predictor for the future.

REMEMBER: Historical results are never proof of future results!

The Forex Market waits for no one...

The next natural step when done with Historical testing of data, is to do forward testing in a live environment... This forward testing of data is the ultimate in result as it is the defining character of your Trading Expert or strategy... It doesn't matter how good your historical results are until you've proven it in a live environment with forward testing.

This is a very important fact: Many managed funds out there shows only historical results gathered via backtesting. It doesn't mean sh!t. If you are looking at investing into a managed fund, make sure that the results they show or give you, is true results and not just backtested results.

So, the next step in my conquest would have been to live forward test my data on a Demo Forex account.... And I started doing it... Only problem was, my internet connection is seriously KAK so the figures I have in my eyes are not 100% correct and as such I'm not willing to post them.... Even so, until such time as my internet connection gets sorted out, my forward testing will be biased. I might just give small blocks of time where the connection has been stable.

That's another good point. In doing any kind of Foreign Exchange Trading, you will need a semi-decent connection. I'm not saying you need to get an 8MB line just for your forex, but you would need a connection that's stable and always on...

SO, where does that leave us now? My initial idea was to just move on to the next forex advisor and test that... But, a forex bulb sprang on in my mind and had my clogs churning as quick as they have ever gone... I've read a few books now where it's mentioned that timeframe might be more important than some of your indicators... And I can prove this... Will show you my early trade reports done on my own where me and a friend was trading at the exact same company, me trading 1H/4H and him trading 1M/5M... We were constantly on skype communicating and sharing ideas, and talking about the market and what was happening... On an average day, I wooped his butt simple because I had a broader view of the market than he did...

This got me thinking about forex advisors and automated forex traders in general... If we are going to do this research 100% completely and look at it from every angle, we should be using all available timeframes to do our testing in... What would it mean to you in your pocket if you ran a system in one timeframe and I ran the same system in a different timeframe, but we got different results....

You get where I'm going with this.... I'm back to backtesting my 87% in 2years system, the results below was derived from 1Hour timeframes... I'm going to bump it up to a 1Day timeframe as well as drop it down to a 1Minute timeframe... Check for the first report to be out within the next 24 hours or so... once I have the report, it will be posted here...

Any comments or ideas regarding this, contact me at managedforexblogger at gmail dot com

Wednesday, September 20, 2006

Full Test Report

Foreign Exchange Tester Report

SymbolEURUSD (Euro vs US Dollar)
Period1 Hour (H1) 2004.06.22 15:00 - 2006.07.07 00:00 (2004.06.20 - 2006.07.07)
ModelEvery tick (based on all available least timeframes with fractal interpolation of every tick)
ParametersTakeProfit=100; Lots=0.6; TrailingStop=80; MACDOpenLevel=5; MACDCloseLevel=5; MATrendPeriod=30;

Bars in test12770Ticks modelled2720361Modelling quality89.30%

Initial deposit10000.00

Total net profit8738.58Gross profit24360.68Gross loss-15622.10
Profit factor1.56Expected payoff84.02

Absolute drawdown2154.74Maximal drawdown3774.60 (32.48%)Relative drawdown32.48% (3774.60)

Total trades104Short positions (won %)57 (73.68%)Long positions (won %)47 (78.72%)

Profit trades (% of total)79 (75.96%)Loss trades (% of total)25 (24.04%)
Largestprofit trade618.72loss trade-2521.44
Averageprofit trade308.36loss trade-624.88
Maximumconsecutive wins (profit in money)14 (3809.76)consecutive losses (loss in money)2 (-581.52)
Maximalconsecutive profit (count of wins)3889.92 (9)consecutive loss (count of losses)-2521.44 (1)
Averageconsecutive wins4consecutive losses


OK, so the graphics and layout doesn't look it's best, but this report shows that money can be made on automated trading in the foreign exchange markets.

89.30% quality anyone will tell you is pretty good considering all the variables available, and looking at he profit - 87% return in 2 years is more than any bank will ever give you... Forex markets is the way to go people, and we will walk down that path...