On which time frames does the system work?
The CurrenSys Trading Systems consists of 3 distinct subsystems that reside on the chart together. Each looks at the market in a completely different manner and attempts to capitalize on the various scenarios that we experience.
The system will work on any currency and any time frame with little to no change in settings. In situations where setting changes are required, the values are provided. We primarily trade and tested the system on Forex, but users have applied the system to stocks, futures, and e- minis and have reported good results. There are 5 generally accepted time frames. These are the 5, 15, 60, and 240 minute charts as well as the daily charts. One or more of these time frames will fit most trading schedules and time zones as well as trader preferences.
How are the signals generated?
The MACD and Reversal systems place a small dot above or below the appropriate candle, while the breakout system draws a short horizontal line at the breakout price. All of the indicators necessary to make decisions are already programmed into the dots or lines. They are color coded to address the various market conditions in which they reside.
What type of markets does the system trade?
The MACD Dots seek to buy dips in an uptrend, sell peaks in a downtrend, buy low/sell high in choppy markets while avoiding signals in flat markets. The Reversal Dots are designed to identify statistical turns in the market following extreme moves. The Breakouts signal opportunity as the market explodes from periods of consolidation. Each system simultaneously resides on the chart and will decide when it meets the appropriate market conditions.
What are the systems performance statistics?
There are 3 systems, 5 time frames, and approximately 30 currency pairs. That’s 450 equity curves! Since the system is not automated, it would take us months to generate the curves and when finished, it would be time to start over again. To give people a sense of the system, we generally pick a few charts from the 240 minute time frame because it is somewhere in between the shortest and longest times we recommend for use. We also generally pick cross pairs because they have higher spreads, move less, and considered more difficult to master. Our belief is that, if successful, these results will serve as a proxy for other currencies and time frames that are generally considered more conducive to trading. The best way to view performance statistics is to go over what we would consider an average result.
The following curve and statistics are from the last 100 trades on the 240 minute GBPJPY chart. We chose this pair because it is often considered “too tough to tame.” The time span covers an unprecedented level of unwinding of the carry trade as well as the global financial meltdown. The combination of these events makes a great case study.
The trading period covers almost 18 months of trading and ends on the day captured this screen shot. You can see that it has wins, losses, profit, drawdown, and periods of non-growth. In other words, it is real life trading. This curve trades a single contract, is not optimized, and has no position sizing whatsoever. Presumably the application of position sizing would make this curve even better.
Why is the system not available for Metatrader?
We are not yet comfortable that this platform is stable enough for our program code. We are continuously testing Metatrader and other platforms for reliable compatibility with CurrenSys.
What kind of support do you offer?
A well documented system shouldn’t require extensive support but it’s nice to know that support exists when it’s needed. Your learning curve may be steep initially but that is temporary and within a short period of time you should have learned most, if not all, that is needed to trade well. But, sometimes life gets in the way of trading and you have to put it aside for a period of time. The necessary support should still be available to you. You want to have a sense that the seller cares about your success and caring shouldn’t have an expiration date.
The support you get is on-on-one, and has no expiration date or monthly fees. We’ve even had customers leave trading for a while and come back much later. They were supported as if they never left. We are obsessed with answering all our emails promptly.
Support is offered by live webchat, email, IM, Skype, and phone.