DREAMS COME IN ALL SIZES

                                  Your Boat Is Ready To Set Sail

Over in the downloads section, you can now download the “-vegas Scalper Algorithm” PDF manual along with the Scalper Algorithm MQ4 file. I have tried to be as brief and to the point as possible without leaving anything of great importance out. The PDF is 19 pages, easy to read and ultimately implement.

I think most of you will find this style of trading most accommodating to your personality, risk tolerance, and time management.

I firmly believe the “Long Term –vegas Big Bang Algorithm” is one of our teams most important trading accomplishments in the last few years, and that the algorithm 5M candlestick chart overlay really predicts the moves accurately. However, it is difficult for most people to implement due to time management issues; it seems like every time you turn your attention to life [and leave your computer] the train leaves the station and leaves you standing at the platform.

As I stated in my last post, fractal time compression issues [that I firmly believe are in place] have plagued me since late summer with the Scalper Algorithm. Those are now solved, and the new MQ4 file reflects those changes. In essence, the new “-vegas Scalper Algorithm” is in sync with the Long Term Algo 5M chart plum and yellow lines, respectively, only in a different, shorter, scalper time frame [1M].

The margin of error in the new visual MQ4 file is less than + or - 2% [at worst], which I find totally acceptable [not even 1/10 of a pip] for our trading purposes. The aqua and red lines have also been reconfigured along the fractal time compression equations I developed. As a result, they are “leaps and bounds” more accurate than the older version.

Total everything up and the Scalper Algorithm can stand alone right up there with the Long Term Algorithm and make money consistently.

The big advantage for you as a trader, and someone who has dreams of finally escaping the “pudding business”, and by proxy government and corporate tyranny, is that it doesn’t matter when you come to trade. Pick the hours to trade that are advantageous to you and your life. Seriously, how cool is this?

                                    Newbies, The Battlefield Awaits

The only thing that I am waiting on is to talk again with Assets FX about having accounts mirror my trades; that should be resolved in the next few days. 

The 2 necessary files [MQ4 and PDF] for the “-vegas Scalper Algorithm” are available for free download here on the blog site in the download section from 4shared.com [simply click and follow the link]. Alternatively, if you find this too much of a hassle, simply email me at the address below and I will send them to you.

As with everything I publish, I support the algorithm whole-heartedly and will answer any questions / comments you have via email. Simply email me at vegasalgo@yahoo.com and I will reply as soon as I can. Thanks for your support.

Have a great day everyone.

-vegas

SQUARE PEG, MEET ROUND HOLE

              And Then ......, Jack Got The Bright Idea To Be A Trader

Everybody comes to the marketplace to make money; the $64,000 question is how are you gonna do it? Do you know yourself? Have you figured out your limitations and liabilities? What are you going to risk, and where do you draw that proverbial money “line in the sand”? These and a couple of dozen more equally valid questions I could easily rattle off to ask a Newbie to the FX market.

Over the years, months, and weeks I have often talked about why people fail at trading; add one more to the list. Your trading plan (algorithm) doesn’t match your 1) personality, 2) lifestyle, 3) risk management profile, and/or 4) your trading goals.

There is absolutely no doubt in my mind the “Long Term –vegas Big Bang Algorithm” is one of the very best money making opportunities you will ever come across in the Forex universe. Its visual approach is relatively simple to understand and implement, and of course it is free and supported by me.

BUT …….

As with everything in life, you have to understand the limitations and drawbacks of the algorithm to be successful. In short, the biggest drawback of the algorithm is the large amount of time you have to give the market [any of the FX pairs].

The algo is a real time hog! We don’t know which session, or which hour (s), any cross will really move. I don’t know anyone who can stay up and focused 24/5. I tried it once, and by Tuesday night the dog was talking to me.

For many people, and for many reasons, a shorter time approach is almost mandatory due to life getting in the way of your love affair with your MT4 trading platform.

When I developed the Long Term Algo in late summer, I already knew in my mind the foundation for the Scalper Algorithm was in place; yet, I was missing a key component that was driving me nuts.

Briefly, I was missing the proper math equations to account for fractal time compression.

A couple of on-the-side speaking engagements [where I am always intellectually stimulated], a chance meeting with a University math professor, and a walk on the beach with Cousin It and I get up the next morning and BAMMMM !, there it is tattooed on the inside of my eyelids. The solution couldn’t be any clearer.

[Caution! Trying to understand the logic put in motion by the events of the last paragraph may result in loss of appetite, extreme nausea, and of course hot-dog fingers.]

Because so many people need it, I’ve decided to publish a PDF manual for the “-vegas Scalper Algorithm”. I should, barring any last minute delays, have it ready by Sunday afternoon or evening. I have already placed [for free download at www.4shared.com ] the link on the blog so you can download and install the MQ4 file. Alternatively, you can always email me at vegasalgo@yahoo.com and I will send it to you.

The manual will show you everything you need for success in short-term trading.

These last couple of days I have not traded because I have been working on this file. I think it is more important for you to have this information than me making money and you trying to figure out how I did it.

When trading resumes on Monday, I will be using C2 for the “Long Term –vegas Big Bang Algorithm” in GBPAUD, and I will be using the new “-vegas Scalper Algorithm” for trading in either GBPJPY or EURAUD. I will keep a running tally of the scalper algo results on the blog, with end of month copies of all trades in the account for those that want to verify the results.

Hopefully, within the next few days, I’ll also have information about Assets FX accounts that can mirror my trades automatically when I trade.

Have a great day everyone.

-vegas

BOTH EDGES CAN KILL YOU

                                 Before This He Tried To Trade FX

Few things in life really prepare you for a career trading FX; all your fancy schooling and upbringing mean absolutely nothing. Money talks; well, you know the rest. Dealing with disappointment and failure [not from a money standpoint, but from the market “not behaving”] on a constant basis can have a negative cumulative effect on your life if you don’t prepare yourself properly.

Now that I’m “wired in” to the FX Twitter universe, how many were calling for USDJPY to scream lower today, and by default the Yen crosses would get smashed and the carry trade traders would suffer horrendous losses?

“Ummmm, excuse me, liftoff in GBPJPY in 5…4…3…2…”

Once again, the “Long Term –vegas Big Bang Algorithm” should have kept you on the sidelines [in GBPJPY] most of the day; in other words, keep you out of trouble! How many of you couldn’t wait to sell GBPJPY today on the rally? “It’s easy money.” [There is no such thing by the way.] For the most part, the algorithm never gave the sell signal after about 8 A.M. [Chicago time]; it spent the next 7 hours going straight up.

As the sword swallower can attest, spending too much time worrying about one side of the sharp sword can leave you vulnerable to the other side. There is no such thing as “ a comfortable trade” in FX.

I have updated the “-vegas Scalper Algorithm” and the new and revised MQ4 file can be downloaded for free in the downloads section here on the blog. It is important you use this latest version, as it will give superior results versus the previous version; as always, if you prefer, email me at vegasalgo@yahoo.com and I will send it to you if you don’t want to use 4shared.com

One thing is clear from the last couple of days; scalping at C2 will not work. Here’s why; I made simultaneous trades of 10K at C2 and Assets FX on Monday, buying GBPJPY off a buy signal from the “-vegas Scalper Algorithm” [previous version, not the new one]. Likewise, I liquidated at the same time; I made 6.6 pips [after a $0.26 commission] at Assets FX [where the spread was 1 pip and change], and I made 3 pips at C2, where only God knows what brokerage house they used for the quote and what the spread was [I’m guessing it was about 5 pips]. This is over a 100% difference.

If you made 2 trades like this every trading day over the entire year with a 1 lot [100K base currency], you would be handing the brokerage house approximately $17,000!!

Most of the time, regardless the session, the crosses with the best spreads are 1) EURJPY, 2) EURAUD, and 3) GBPJPY. EURJPY is usually lower than 1 pip, while the other two are between 0.5 – 1.5 pips at Assets FX.

What I plan on doing is using C2 for the “Long Term –vegas Big Bang Algorithm”, and posting each month the results from an account at Assets FX where I threw $1,000 bucks into an account and will trade it using the “-vegas Scalper Algorithm”. Of course, I will keep a running daily total of the Scalper Algorithm, but will make available to the public the end of month records so anyone can verify the results.

I have had some talks with Assets FX about having other accounts “mirror” my trades automatically, but there are some details that still have to be worked out. Right now, I’m waiting for a call back with answers from questions I had about logistics and leverage. I’ll keep you posted, but I remain optimistic both I and Assets FX can work out a plan that benefits primarily you.

The Scalper Algorithm is currently using RM=1 in GBPJPY, EURJPY, and EURAUD. I’m using the hourly candlesticks [1 HR] as the basis for long and short positions; when the candlestick is green, I only establish long positions; when the candlestick is red, I only establish short positions. The 1 minute [1M] candlestick cross over/under of plum and yellow establishes the buy/sell signal.

If you are trading multiple lots, take partial profits at the aqua line and let the rest ride until either the 1M red exhaustion line is hit by price or the plum and yellow lines cross.

Please change your yellow line setting manually to “17” from “9” on the 1M candlestick chart. Then insert onto your 1M chart the “-vegas scalper.mq4” file.

With the updated Scalper Algorithm, you literally have hundreds of opportunities per day to scalp these 3 volatile pairs listed above. With spreads less than you would get at an exchange, you have the 3 biggest factors for success in short term trading; 1) very tight spreads, 2) volatile pairs that move, and 3) an algorithm that works and produces results.

Over the last few days, I have had some problems with our email account. Yahoo reset the account, and unfortunately some emails were lost. If you have sent me an email that I haven’t answered, please copy and paste it from your email “send” directory and send it to me again so I can answer it and hopefully answer any questions you have.

Have a great day everyone.

-vegas

WARGAMING YOUR EVENT HORIZON

                                     Understand The Difference

On Saturday, I spoke to a small group of people [20-30] about trading and how to get started, what to do, etc. During an afternoon break, I had a lovely couple approach me and ask if they could speak to me privately after the function was over. Of course I said sure thing, but wait until everyone else was finished asking questions and then be the last ones left; this would allow time for me to be thorough with whatever they wanted to talk about.

Later, after making personal introductions, the mans wife cut right to the chase; “We are afraid to trade; markets scare us to death; the uncertainty surrounding the whole process seems daunting and we can’t get our arms around it; and finally, we don’t know who to trust.

[I’m thinking to myself, “Well, is this all? Need vitamin advice? How about astrological advice or winning lottery numbers?” Of course I’m just kidding here, but the ease and straightforwardness of her request, along with her implied assumption I can answer this, gives me wonder if I am slowly turning into Bert. If only my Parents and/or Grandparents could see this, they would die all over again; “Wha? You want advice from who? He can’t even mow the lawn right!”].

I know many of you are afraid to trade FX; just like this woman, your fears outweigh your ability to act. The excuses and hurdles are high, and your comfort zone in mediocrity is like an invisible ball and chain around your neck.

Ohhhhhhhh, I’ve seen this phenomenon all my life. Commuting out of the city for 10 years every day for an hour, you get to know all the business types heading home to the burbs a little early. Every day they want to know how much I made; every day after I tell them, they tell me how much they a) hate their boss, b) hate the company they work for, c) hate their career path, and of course d) hate their life in general.

“OK, I say, “Quit your job, lease a membership, and come stand next to me in the pit and just follow me”.

“Hahahahaha, listen to this guy; yea right, my wife would first kill me, and then divorce me. You’re funny Barry, telling me to just do this. Hey guys, I can make $5K a day… Ha hahaha.

“OK, I say, “Then stop asking me how much I made and then shut the hell up and stop bitching about your life. You make your bed and then sleep in it.”

Amazingly ……. Suddenly nobody is laughing or talking anymore.

Fear is something that only exists in your head. What is fear to you is opportunity for others. Fear doesn’t exist outside your head, and has no basis in the universe.

Danger, on the other hand, exists and is real. Stand on a mountain cliff 3.000 feet above the next step, and it doesn’t make any difference how many college degrees you have, how old or young you are, whether you believe in President Goebbels “Hopey Changy” BS, or if the sun is shining or it’s cloudy, take another step forward and you will be dead in short order. You simply take the necessary actions to avoid the danger, or you suffer the consequences of ignoring it.

Following the trading algorithms will solve both fear and danger.

If brains were enough to be successful, everybody that trades would be a millionaire; how come their not?

What have I repeatedly said about the main priority of the trading algorithms? The Number 1 goal of any algorithm should be to keep you out of trouble, and after that make you money. [Sadly, most of the algorithms (trading plans) made available to the retail public have the priorities reversed] Danger of account destruction avoided.

Pure and simple; Fear is the result of not being able to trust or follow an algorithm. You defeat fear in 3 steps; 1) acquaint yourself with the algorithms and the MT4 demo account functions, 2) trade the play money exactly like you would if it was real, and 3) start your real trading with a relatively meaningless amount of money [whatever that amount is for you] that in the worst case scenario isn’t going to change your lifestyle one whit.

Who do I trust? Are you kiddin’ me? Easy.

                                          Exactly: I Trust Me

I don’t want, nor do I ever expect, anybody to “trust me”. You got eyes and you got a brain [well, most of you]; use them. I have given you all the tools necessary for success, as well as access to me. Whether you do things yourself, or you have your funds managed, YOU are always in complete 100% control of your account, your money, and ultimately everything you want to do.

Back to the couple in question; they are going to 1) first open a demo account at Assets FX and trade EURJPY, with the “Long Term –vegas Big Bang Algorithm”, for the first quarter of 2014, 2) after that they will evaluate their success and open a real account to trade themselves with $1K, and also at that time have me manage $1K either with Assets FX or through a brokerage house at C2. Their total risk is $2K; they spend more than that on theatre tickets during the year.

The problem for them is solved; question is, can they follow directions and actually do it.

As we start 2014 trading in a few hours, for you Newbies, it’s time to get off your duff and do something.

Have a great day everyone.

-vegas

TRADING SIGNALS FOR EVERYONE

                     I Got To Take This Trading Signal From -vegas

As I stated last post, C2 is really for those who need managed accounts and to provide a third-party verifiable track record for the Forex community. With over 71,000 members it gives us some exposure to those who don’t even know the blog site is up and running.

Of course, you can sign up, choose not to auto-trade and get the signals sent to you via email or SMS text message, but you have to pay C2 the fees first.

Since my intention is NEVER to get deep into anybody’s back pocket, today we start our Twitter feed at no cost; for you President Goebbels voters that means you don’t need your EBT card to get algorithm signals.

Our handle on Twitter is

@VegasAlgos

Sign up is free, and you decide how you want the signals sent to you.

Whenever I make a trade at C2, I will immediately send a Twitter post; the lag time shouldn’t be more than a second or two. I will predominately use the “Long Term –vegas Big Bang Algorithm” for trades in the non-dollar crosses. Most of the time, I’ll be trading one [or all] of the following pairs; GBPAUD, EURAUD, and/or GBPJPY.

If I decide to move to the “-vegas Scalper Algorithm”, most likely I will trade EURJPY, AUDUSD, and the crosses listed above [maybe, if the spread allows it]. At present, I don’t know if much of my trading will be scalper oriented; we’ll have to wait and see what volatility is like after the Holiday’s.

In addition to the trade signals, I’ll also send out tweets with commentary on anything relating to Forex I think is [or might be] interesting to my followers. When you read this, we’re already live on Twitter, so I may Tweet at anytime.

All of my “Long Term VBB” trades will be captured by C2, and anyone has the ability to track [after a trade is closed] all of the account equity moves plus pertinent trading statistics many traders like to see about fund managers.

So, you now have the full picture of what we [Vegas Team S.A.] are doing. To recap, 1) you got 2 algorithms [Scalper & Long Term] to trade Forex pairs, 2) C2 to provide managed accounts utilizing auto-trade for those who absolutely need them, 3) C2 to provide a third-party, verifiable track record [using the algorithms solely] for the trading community that the public can view, and 4) a Twitter feed from me for those that want trade signals in real time for free.

Now, I know a lot of you people out there are tech savvy; but I also know many of you aren’t. Twitter is easy to use and easy to follow other people’s tweets. Simply go to http://www.twitter.com and sign up for a free account. Once you do that, go to http://www.tweetdeck.com and download the very best Twitter app out there for managing your followers and the people you follow. Don’t let your tech stupidity prevent you from receiving my signals.

When you get TweetDeck up and running, the forum I will be posting in the majority of the time is #forex [hashtag forex]. I’ll also post on #EUR, #GBP, #AUD, and #JPY when those pairs are in any of my trades. For example, if I make a trade in GBPAUD, I’ll post to the forums #forex, #GBP, and #AUD. If I just have comments, it’ll be in the #forex forum.

Naturally, I hope everyone who reads the blog post signs up and receives my posts. You have nothing to lose here by following. Nobody but me makes a post [i.e. no staff], and since I have to sleep and do other things [known as a life], and can’t be at my computer screen 24/5, cut me some slack here for missing some algorithm signals. I’m not going to catch them all in any of the pairs.

                              Leave Some Time For Trading, OK?

So, when you’re trading [laying around in your Man Cave wearing your Spiderman jammies watching “I Hate My Butt” on DirecTV – well, let’s not really go there] and you see a trading signal in GBPJPY or GBPAUD on your computer screen [because you have the proper MQ4 file installed on the MT4 trading platform] and you don’t get a Tweet from me, the conclusion is simple – I’m not trading at the moment.

Especially for you Newbies out there, and I know there are tons of you, I hope following my signals gives you some confidence to trade. First start on a demo, and then later give real trading your efforts when you are comfortable.

I know I will get some emails from some people asking me why I am doing this; giving away valuable trade signals for free when I could charge out the wazoo, so I’m gonna answer that question now.

Nobody knows more than me how hard it is to learn how to trade. I was fortunate in that I had a truly great man [Bert] give me tons of guidance; without him only God knows where I would be. I certainly wouldn’t have the life I enjoy.

I do this for 2 main reasons; 1) to give Newbies a fighting chance in a predatory industry that most of the time only wants their money and then disappears, and 2) to honor Bert the man, and give people a slight taste of being on the other end of giving. I know in my heart that Bert would want it this way. If he were alive today to see this, I think he would say to me, “Good job kid, good job”, give me a wink and then walk away satisfied.

No matter how much money I make trading; no matter how many books I write; Bert always was, is, and will forever be the “master”, and I the “grasshopper”. It simply is not in my heart or soul to charge for help I can give to another aspiring trader; this will always be so.

One last thing; there are a lot of algorithms [systems, models, whatever you want to call them] to choose from at C2. I don’t know how long it will take, but I’m confident we’ll be at the top of the list sooner rather than later.

Next post I will have our C2 details. Until then, have a great day everyone.

-vegas

MISSING PARADISE

                          New Official Motto of –vegas Team S.A.

I’m not going to bore you with the details; what’s the point? Fact is I was asleep when the market moved last night; woke up to trade and the market [GBPAUD] is sitting on the upper aqua line.

“*&$?#$% !!!” [This pretty much sums everything up.]

Both Monday and early today I took long positions, but they didn’t pan out in the chop. We got a couple of pips from the exercise, but really nothing to speak of from the trades.

Two points I want to make from the last couple of days; 1) no matter when you trade the market or which hours you choose to watch, there will be times you will miss algorithm signals. GBPAUD is a 24/5 market, and when it moves it doesn’t fool around; it can just as easily move in any of the 3 major trading sessions. Since you can’t be there for all 3 [Asian, European, and the U.S.] for the entire week, you are going to miss moves, and 2) the “Long Term –vegas Big Bang Algorithm” WORKS!!

However, what really frosts my cupcake is that my staff is out-performing me with their demo accounts VS. my real account. [If I lose to them by Christmas, I may have to buy them gifts and up their salaries to over $1.00 / hour. Ohhhhhhh, the humanity !!!]

I may never sleep again.

One point I want to make about those weeks where the special rule is in effect for trading [like this one]; we still make no trades in the “no mans land” zone of + to – 30 pips from the week’s open. That zone is there for a reason, and that reason is that market chop [I believe] is greater than in the greater market at large.

We may have a + or – 150 pips, as explained in a prior post, but that doesn’t mean the “no mans land” zone has been waived for that week; it hasn’t.

I am in the process of starting a new –vegas Replitrader webpage, and hope to have it operational by the end of this weekend. All of my trades [sometimes with comment] will be here, and more importantly I am going to archive every trading day with the 5M candlestick charts overlayed with the algorithm.

This will, over time, prove to be a very valuable resource for you, as you will be able to go straight to a particular day and see what happened without scrolling back on the MT4 trading platform. You Newbies out there will benefit from this the most, as trying to find 5M charts for something that happened 6 months ago is a real pain.

Of course, I’ll link the webpage here for your convenience. Have a great day everyone.

-vegas

THE FX CROSS

                                         My Game, My Rules

I have previously commented on the FX pairs GBPJPY, EURJPY, and EURAUD. Of the three, EURAUD is probably the better trade, but it really depends on your individual preferences.

When I sent the staff out to round up any/all Forex pairs for analysis, I made a cursory look at the MT4 platform to eyeball spreads. After all, who wants to trade anything in the FX arena that has a high spread [greater than 4 pips]; there is simply too much opportunity throughout the 60+ pairs to give money unnecessarily to the dealer community. Just 1 pip, after a year, can mean a couple of thousand bucks in your pocket you wouldn’t otherwise have to keep.

The one pair I missed, and am recommending now, is GBPAUD. The spread is about 3 pips [give or take a couple of 5^th digits] which make this a great instrument to trade. When you consider both AUDUSD and GBPUSD trade at about a 2 to 2 ½ pip spread against the US Dollar, the cross @ approximately 3 gives us 1 ½ pips on each side. Since both pairs move, this is an extremely good spread rate on a non-dollar cross. Observing the trade throughout the European and US trading sessions, I saw the spread between 1 ½ on the low side to 3.7 on the high side at different times; and most of the time the spread hovered between 2.8 and 3.2.

I want to approach the analysis of this pair from a slightly different angle than I did the 3 pairs listed above. I looked at the data since Forex-Metal came into the business around the start of 2006, which is approximately 400 weeks. The Excel spreadsheet below lists the 28 weeks of “tail risk” that I have identified from the data. This represents approximately 7% of all trading weeks. That means that approximately 93% of all trading weeks have moves of 200 pips or greater from the open to the high value. You shouldn’t have any problems making good money 93% of all trading weeks.

                                  [Click On Table To Enlarge]

Both the average and median levels for low value and high value, respectively, are very close to each other, indicating no great skewing of the data from a single data point. Simply put, our tail risk [when we come face-to-face with it] is a low value of about 66 pips and a high value of about 139 pips. The $64,000 question is can you make money in this tail risk?  With a 3 pip spread and an active trade in all 3 major world sessions, I think the answer is a definite yes; of course, not as much as in a “regular” week.

When I designed the original “-vegas Big Bang Algorithm”, and a short time later the “long term VBB Algorithm”, the FX markets [particularly the non-dollar crosses] were what I had in mind; above average volatility with tight spreads and excellent volume in the dealer community. There is no doubt in my mind that you can easily trade up to $10 million in any of these pairs without so much as creating a ripple in a teacup.

You need to be aware, though, of the rollover each day and the “vig” that is either paid out to you or the money you pay to hold the position. Right now, you are going to pay about 2.2 pips to be long through the rollover, and you are going to receive about 0.9 pips to be short through the rollover. This is due to the respective short term interest rate differentials between Cable [GBP] and the Aussie [AUD].

[Note for newbies to FX: “vig” is calculated three times each week; Monday, Tuesday, and Wednesday. Wednesday vig is calculated through the weekend to Monday, so if you forget to get out of a long position at the Wednesday rollover, you will pay 3 times the rate [6.6 pips] even if you get out 2 seconds into the new day.]

This has the potential of becoming an expensive proposition if done every day; I therefore recommend liquidating positions in this pair instead of hedging up on signals from the yellow/plum lines.

In my next post, I am going to go over some examples of the trade in GBPAUD and point out how I think best to trade this instrument. I will give specific rules to follow and show examples of their implementation. I will begin trading this on Monday, the start of the new week.

Have a great day everyone.

-vegas

BACK TO BASICS

                                                   It’s Time

After some analysis and discussion with the staff, as well as input from many readers of the blog, I decided Monday night that it is indeed time to move exclusively back into the gold market. 

We all know this market is manipulated by The Fed [and the BIS on behalf of The Fed] and my main trading concern over these last months has been not only how to profit from the manipulation, but how to avoid getting hurt from being on the wrong side at the wrong time.

I feel comfortable that the long term algo achieves these 2 main priorities. Our threshold for positions is approximately $5 from the Monday open. I have linked the VBB Gold mq4 file in the “downloads section” for your convenience. If you have any problems getting any of the mq4 files from www.4shared.com just email me and I will send any/all files to you.

I want to emphasize that WTI crude oil and EURAUD are the other 2 markets that are very good to trade, and I have no problem recommending them to the public. I feel that gold [specifically XAUUSD] fits the logic and trading philosophy of the long term algo better than the other markets.

I prefer XAUUSD @ Forex-Metal over futures contracts because of flexibility. Trading is done in 10 OZ increments instead of 100 OZ contracts, and the spread is usually between $0.40 - $0.50. Margin is also smaller [with no commissions], therefore allowing bigger positions when warranted.

In the days ahead, I’ll have more information on strategies [lose with 1 lots, win with multiple lots], Excel spreadsheet analysis with details, and appropriate leverage. The final analysis is pretty simple; we can profit from the manipulation and take advantage of the greater volatility that is in this market. When the market gets a little ‘crazy” [usually on the downside], the algo does a fantastic job in positioning us for the move. The profit potential is enormous and more than any market traded today, if we are positioned correctly, you simply can’t find a better trading instrument with approximate $0.40 - $0.50 spreads.

To help you through the logic and philosophy of the "Long Term -vegas Big Bang Algorithm", I created PDF's for 3 of my favorite trading/finance books that provide excellent background information that can help you. They are "Fooled by Randomness", The Black Swan" [both by Taleb], and finally "Tunnel Through The Air" by W.D. Gann. They are all excellent reads and will give you a lot to think about for a very long time. 

If you would like any/all of these books, simply send me an email and I will send.

Have a great day everyone.

-vegas

P.S.

I'm still working on the prior weeks backlog of emails. If I haven't answered you yet, my response will be there shortly. I have about 120 emails to work through, and I answer them all with care and thought. Thanks for your patience.