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Automatic Alpha
Fri, Jun 30 2006, 11:31 GMT
by FXstreet.com Team
About the Author
David Lyder is a co-founder of iExpertAdvisor, LLC, as well as the author of Automatic Alpha: How to Build a Winning FOREX Trading System. iExpertAdvisor is a newly formed company dedicated to providng information and ideas about FOREX trading systems. Visit us at http://www.iExpertAdvisor.com
Book Synopsis
Most FOREX traders appreciate the advantages of running a mechanical trading system. A mechanical trading system executes trades on your behalf, at all times, according to the exact criteria of the system. Furthermore, a mechanical trading system executes each trade consistently, without emotion.
But the advantages of a mechanical trading system are not limited to its execution. The process of building and testing a mechanical trading system compels a FOREX trader to become a better and more effective trader.
Building a mechanical trading system forces a trader to fully articulate the system they seek to automate. Testing a mechanical trading system enlightens a trader to the actual effectiveness, or ineffectiveness, of their trading strategy. The value of developing and running a mechanical trading system on the FOREX market is undisputable. In the past, the platforms used to develop, test and execute a mechanical trading system were complex and expensive. Today, there is an easy-to-use platform that fully supports mechanically trading the FOREX market.
MetaTrader is a platform that allows traders to build a fully automated, or mechanical trading system. MetaTrader is free. There are many brokers that support the MetaTrader platform, including InterBankFX and SNC. In addition to supporting MetaTrader, these brokers, like many others, also offer free demo accounts and mini-accounts. This means traders have the ability to build and run their own mechanical trading system - with little or no risk. There is no risk while running the system in demo mode. And there is limited risk when the system runs on a mini-account.
Given this opportunity, why isn’t every FOREX trader running at least one profitable mechanical trading system?
The answer: Although the tools for developing a trading system are readily available, the method of building a profitable trading system is not readily available. Actually, there are very few sources for the FOREX trader to find information and ideas about mechanical trading systems. This is the reason iExpertAdvisor was created. And this is the reason Automatic Alpha was written. iExpertAdvisor is a company dedicated to sharing information and ideas about FOREX mechanical trading systems.
Automatic Alpha, the first book published by iExpertAdvisor, is a book that fully describes the process of developing a robust trading system.
Automatic Alpha is the first and only book of its kind. In addition to describing a method of building, testing and running a trading system, Automatic Alpha reinforces each step of the process with the creation of an actual robust and profitable trading system: the system is called AutoAlpha. The framework used to build AutoAlpha can be applied to almost all types of mechanical trading systems.
Many FOREX traders have at least one unique and creative idea of how to generate profits in the FOREX market. Unfortunately, few traders have the background and the skills required to translate their ideas into a profitable mechanical trading system. With the introduction of Automatic Alpha, traders finally have a resource that fully explains the complicated process of turning their creative ideas into profitable trading systems Automatic Alpha is a unique book: it provides a framework that describes the complete development of a mechanical trading system, as well as providing an actual trading system. Shortly after reading Automatic Alpha, the reader will have a profitable trading system as well as the skills required to build their own trading system using their own ideas. Please browse the iExpertAdvisor website and take a look at the Preface and Table of Contents.
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Automatic Alpha: How to Build a Winning FOREX Trading System- The information in Automatic Alpha is invaluable
- Every FOREX trader should have at least one white-box mechanical system
- Automatic Alpha is a complete book for the FOREX trader (…)
Published on Fri, Jun 30 2006, 06:31 GMT
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