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How the New Anti-Hedging Rule Affects U.S. Traders
May 15, 2009 – 8:52 am
Recent NFA regulations Rule 2-43(b) prohibits U.S. Clients from holding buy and sell positions in their account simultaneously (hedging). This rule will come into effect May 15th, 2009.
We have begun to make the necessary adjustments to our platform and all of our back office monitoring programs.
As of Sunday May 10th your account will not provide some hedging capabilities.
U.S. accounts will be are restricted as follows:
You may not hold more than 1 system per currency pair in your account. The reason being is that different system providers may have different opinions on which direction the market is going.
Traders should consider to make adjustments to your portfolios as follows:
· Select 1 signal provider per currency pair.
How Much Should You Start With?
May 4, 2009 – 5:02 pm
This is a question that arises ALL the time. And much of the time it’s asked with a tunnel visioned focus on just one thing – and that’s how much to put into the account. That’s the backwards way of looking to go live with SystemTraderFX.
Before you feel that I’m talking in circles here, let me be clear that it isn’t JUST the amount you deposit that matters. SystemTraderFX has imposed a minimum account size of $5000 – with the trader in mind.
So when you open an account what should you think about?
PORTFOLIO STRATEGIES
- What kind of strategies (and how many) are going to make up your portfolio? More specifically, what currency pairs? Are you focused on one particular pair, or do you have a balance of different pairs?
MONEY MANGEMENT
- What is the leverage of your portfolio? (You can easily find this under the Portfolio tab in your account). How many contracts (lots) does each strategy in your portfolio enter each time a trade is executed? Which money management option are you using and what are you risking or willing to risk?
DEPOSIT
- After considering the above points, NOW you’re better able to know how much you ought to deposit to start with.
So whether it’s $5,000, or $10,000, or $25,000 or more, always have an idea of WHAT your goals are. Just because it’s automated, doesn’t mean that you shouldn’t pay attention.
Being Engaged with SystemTraderFX
April 15, 2009 – 7:52 pm
I’ve been asked on numerous occasions why there isn’t more activity on the SystemTraderFX Forum. I’m told that because of its relative inactivity that it must be an indictment of the SystemTraderFX platform itself – that somehow it must be an indication of how poor the platform is.
Well the platform is tremendous, and if you have a background in Forex trading it can really be a great trading solution for you – one that you can get up and running with in a day or two. It doesn’t take much to understand it – and we’re always here to help whether it’s in getting you familiar with the platform or giving you a tip on a strategy or two to get going with.
It seems when traders go live with this, they get comfortable with it right away and they don’t feel need for anything else. They rely on the emails from SystemTraderFX.
When I think about it, it’s probably the perfect, yet heavily downplayed solution (we don’t overhype too much), for traders. Take a look, get familiar with a demo, go live, come to us for some or a lot of support and you’ll know what I’m talking about and what other traders have experienced.
Many traders have taken advantage of this, and you ought to also.
Automated Forex Trading Demo Portfolio and Equity Curve
April 2, 2009 – 1:34 pm
We have a SystemTraderFX demo account running, which it has been since late last year. We aren’t as vigilant in its profitability as we could be because we like to see how some strategies perform over the course of time.
Like anything in trading nothing is a certainty and so prefer not to be too knee jerk in flipping strategies in and out of our portfolio.
That said, the equity curve, after a rocky beginning is out of this world. It is a very pretty climb.
To add to this we figured we’d add a list of the current strategies currently in our demo portfolio. You wouldn’t necessarily have this many in a live account, but we’re testing some things and it’s looking good.
SystemTraderFX Model Trading Portfolios
March 20, 2009 – 4:36 pm
For those of you wondering “I see the potential of this, but how the heck do I begin with this?”
Well, we just received an email inquiring about the 20 Model SystemTraderFX trading portfolios. There are various portfolios based on account size and risk tolerance – and it is broken down in explicit detail. Think of them as guide rails in auto-trading with SystemTraderFX.
And it doesn’t hurt that 16 of the 20 are in some sort of profit as I write this.
To access and track the 20 model portfolios, LOGIN to your Demo or Live SystemTraderFX account.
Once you are logged into the SystemTraderFX platform select the "Portfolio" tab along the top of the screen. Underneath that you will see the sub-navigation. There go to the far right and click on "View Top Portfolio Packages."
It will cause a pop-up to come up, so if you have them enabled in your Internet browser, please disable it to see the model portfolios. Once there, check all available choices and click "View."
All 20 model portfolios from various account balances and risk levels will display. Beside each model portfolio click on "View Details" to see all examples. We have included a couple of screen shot examples of what you will see.
Let us know if you have any questions!
A New Evolution and a New Brand
March 2, 2009 – 12:48 pm
In an effort to makes things more identifiable for all SystemRunner Autotrading clients, we’ve created a more identifiable brand that is specific to the market that we are trading – which is Forex.
You’ll notice a full website with additional support – and more that will be coming over the course of the next few weeks.
Thank you for your patience as we’ve gotten this ready and up – we hope that you find better support and further comfort with our tremendous autotrading solution.
We are focused on your autotrading success, and whatever it is we can do to assist, please let us know – we look forward to continuing our relationship with you, and for anyone new, welcome and we hope to help you realize further success in this market.
Welcome to SystemTraderFX!
March 1, 2009 – 1:30 am
On behalf of the SystemTraderFX team, welcome!
SystemTraderFX allows you to configure and build a forex trading portfolio from over 50 professionally developed trading strategies. You can now trade the forex market 24 hours per day 5 days per week!
Open a demo account from our homepage to start trading with a virtual balance of USD $100,000 and create your ideal portfolio before opening a live account.
We hope you enjoy your currency trading experience and please remember that we are always ready to assist you in any way we can. Should you have any questions, please feel free to contact us or post a question on our forum.
Bookmark and stay tuned to this blog for tips and insight from the SystemTraderFX team!
