Good Morning,
I saw your post about automated trading signals being executed by your broker in the 24 hour forex market.
Here is another issue with automated forex trading and forex trading in general you might want to be aware of.
I use to have that done for me by the one and only RefcoFX. Unfortunately, now I have no trading capital since their lawyers and the nice bankruptcy court decided to give my trading capital to the secured creditors of Refco, LLC. Bottom line, don't just go with any broker that offers the service and don't leave any more money in your forex account than you need to trade with because your broker has just been given the green light to steal your trading capital if they get into trouble. I now use my automated strategy in the currency futures market which is regulated and protected by the CTFC.
It is a stripped down Tradestation strategy that I run on the front month contract which does not offer enough historical data to use the full version.
I am still involved with the spot forex market by selling advice to a couple of forex fcm's for their traders to trade based on supply and demand analysis. Supply and demand is price based analysis only. The best part of that is that you can use OCO orders for all my trades since I identify the areas of supply and demand I want to trade between both long and short ahead of time.
I have a free blog where I post the trade recommendations based on supply and demand for the forex market. Here is the link to the free blog for you to follow if you are interested:
Forex Trading Based on Supply and Demand
I am interested in adding the study of volume to what I do by using the Market Profile. I am from Chicago and I work at both the CBOT and CBOE, but I have not met Mr.
Steidlmayer. I actually had a fight with the guy who was suppose to introduce me to him the day before I was suppose to meet him.
Happy Holidays everyone,
Steve Misic
Fatdog1