My name is Daniel Fernandez and I am an experienced forex trader and mechanical/automated trading system designer. I have been heavily involved in forex for several years and I have been fortunate enough to enjoy profitable trading from automated trading strategies for the past two years. My formal education as a chemist trained me to have a rational and analytical approach towards the phenomena I want to study and forex trading was absolutely no exception. By analyzing the market I was able to come up with very simple, yet robust and reliable trading strategies that I use to profitably trade the currency exchange market.
My approach to trading is therefore very analytical, focused on simplicity, adaptability, capital preservation and the reliable use of analysis tools to obtain accurate estimations of possible future draw down and profit scenarios. I attempt to understand mechanical trading strategies, their basis and their potential as deeply as possible, spending sometimes even 60 hours a week analyzing and designing new trading systems. My efforts through these areas of development have not only been used for my personal success but they have been shared with many others through several different efforts, especially through the publication of several of my strategies in Currency Trader Magazine (one of the most well respected online publications about forex trading) and hopefully in other magazines soon.
I have also released a free trading system – Watukushay FE – showing a good example of how I like to develop and analyze strategies with the hope that many people could use it to understand the difficulties and challenges surrounding success with automated trading and how in fact it is possible – yet extremely difficult – to live from such a trading approach. I have also created a website – Asirikuy.com – to attempt to educate new traders as well as to develop new and exciting mechanical trading strategies with other experienced traders. In Asirikuy not only will you be able to have access to many trading systems developed with sound concepts, simplicity and adaptability in mind but you will be able to learn about many relevant aspects of automated trading and all the important problems that are found within the road towards long term profitability using algorithmic trading strategies.
Of course, this blog is also a very important source of information where I publish many of my findings as well as many different tips, suggestions and educational material regarding automated trading and the development of this type of strategies. This blog is updated everyday so make sure you subscribe to the RSS feed and share it with your friends if you like it :o)
hello daniel,
I am James Chidolue, a regular visitor to your website-mechanicalforex.com.
I ‘m really amazed at the quality of free information that you dish out to we,your ardent readers.
I never thought that I could find such info for free.Thanks a lot and May God continue to bless
the works of your hand.
I have a system that i believe is quite profitable in the long term.It is based
on the 4 hour chart.Entries and exits are also based on the 4 hour chart.
The problem i have is that i am from a 3rd world country-Nigeria specifically
and i can’t afford the monthly subscription to asirikuy.com.Is there anyway you
could be of assistance to me?
I would give a full disclosure of how the system works to you.Any information that you would need
to facilitate automation of my system,i would gladly give.
Thanks in anticipation of your reply.
Hello James,
Thank you very much for your comment :o) I am glad that you find my website and the information provided within it useful. I will continue to do my best to share high-quality information !
Regarding the 4 hour system you propose I encourage you to perform a full 10 year evaluation of the system before you consider it profitable in the “long term”, sadly I cannot help you right now with the coding, etc do to my current commitments but there are many forums on the internet dedicated to automated trading systems where you can share your system and get help with the programming if that is what you intend to do. Thank you very much again for your comment,
Best Regards,
Daniel
Daniel, i want to use that pivot breakout system you had in currency trader Dec 2010 issue. I want to try it with different pairs. But how can i get it to trade automatically for me? Because i want to use it with many different pairs it is hard to monitor & do manual trades so that’s what i am trying to make easier.
Hello FvForex,
Thank you very much for your comment :o) Certainly you can automate the strategy using MQL4/5 if you are interested in using it in an automated fashion on different currency pairs (you could also use TradeStation or Ninja trader if you use these platforms). However I would advice you to carry out careful evaluations of this strategy using long term data on other pairs as I only carried out my research on the EUR/USD (as it says on the article). Without long term reliable simulations it would be very dangerous to assume that the system would work on any other pairs. Thank you very much again for your comment,
Best Regards,
Daniel
I have some questions:
1, If I am a member do I have to pay extra for your programmed EAs? How much?
2, What is long-time trading for you? How fast could you live from your monthly earnings? How big should be your account?
3, What is your profit target per month for your long-time trading system?
4, Are you only trading your EA systems or are you still trading manual?
Many thanks for answering these questions!
Manuel
Hello Manuel,
Thank you very much for your comment :o) I will now answer your questions :
1. There is no extra fee for the systems, the membership includes all of them.
2. I trade for a living so for me long term is 10-30 years. In order to live from automated trading it will depend on how much you would expect to earn per year but a safe bet would be about 5 to 6 times your expected yearly salary, which should be about 200-300K account for most people on first world countries. However it might take you about 2-3 years to live from this while you truly get an understanding and learn how to do this. Bear in mind that NO sound long term profitable system produces a “stable monthly income” and draw downs in the order of even 100-300 days will happen. However large amounts of capital can be built from small amounts in the long term with only modest compounding yearly rates.
3. There is no profit target per month, a focus on such short term results is unrealistic as short term outcomes are for the most part random. All systems can have months with profits or losses and expecting every month to turn out a certain value is an exercise in futility. In Asirikuy we keep our focus on longer term results.
4. I trade manually for long term positional trading but that is perhaps only 5-10% of my current income. Most of what I earn is derived from the trading of Asirikuy systems.
I believe that you may be looking for the wrong thing here. Asirikuy is NOT an EA selling website in which you can just get a “set and forget” solution and live from it, if you approach the website with this mind set you will most likely be extremely disappointed as HARD work and understanding are NEEDED to succeed in automated trading (as in manual trading) Asirikuy focuses on teaching people how to create, build and use automated trading systems successfully. It teaches how to evaluate systems, how to know if a system is robust, how to over come psychological obstacles, etc. Asirikuy is a good choice for people looking to TRULY LEARN abut automated trading and gain an income through a LOT of effort. There is no magical “set and forget” solution (if it existed we would all be rich) and if you do not want to put up years of hard work and effort then probably the approach within Asirikuy is not right for you. If you want to get realistic profit and draw down targets, learn how to fully understand automated trading and succeed through an in-depth understanding of automated trading systems and their logic then Asirikuy might be the right choice for you, otherwise joining might not contribute to your goals.
If you are preparing to spend several hours each week learning, develop an in-depth understanding of the logic of the systems and walk a path based on evidence and understanding towards long term profitability in automated trading then Asirikuy is the right choice for you. I hope this has answered your questions :o) Thank you very much again for your comment,
Best Regards,
Daniel
Hi Daniel:
I read through you ebook and test your EA Antinalla FE. While the problem is that the performance of Antinalla is not as good as I expected especially compare to the EAs that I am using now. The performance here I mean 10 years backtest. In my backtest, Antinalla has a larger DD with comparatively lower profit.
What I am worrying about is that we pay $160 for a crappy EA eaven with out any refund. In the world of scams, I am afraid this is a ‘advanced’ trick in tricks that sell simple EA in the name of membership. I have no offensive here and I am sincerely looking for a place that can learn and discuss automatically trading.
I am expecting your explain and If necessary I can provide my test results to see weather there are something wrong about my tests.
Hi Tom,
Thank you for your post :o) Regarding the tests, Atinalla FE was tested on data obtained directly from a contact in Alpari UK (10 year data with no holes) using the Asirikuy spread changer tool to set a fixed spread of 2.0 pips through the whole testing period. There are many things you could be doing wrong on your tests and several things that may make a difference (you may be using bad data, very large spreads, etc).
About the website, Asirikuy is NOT an EA selling website and it shouldn’t be approached this way. If you are merely interested in finding an EA which you can use to trade your accounts then it might be best for you to look elsewhere. There is a video in the main page of the website that clearly explains what the website is about and what its contents are, if you do not like this then please do not join. Asirikuy is an educational website geared at helping people understand automated trading and help them achieve long term profitability it is NOT an EA selling website and should NEVER be approached as such. If you feel uncomfortable in anyway about the website or its contents then please abstain from joining :o) Thank you very much again for your comment,
Best Regards,
Daniel
Don Fernandez,
Wow, what an interesting and different path you chose from our career. I don’t need to say ‘good luck with all this’ because I know that your approach will succeed, as your readers say, is really smart and very well focus.
It was nice to hear from you, I hope that everything is going good all around.
All the best,
Daniel
Hello
We are preparing a new brokerage which will have the PAMM feature. Would you be interested to be included in the database for potential clients?
If yes, please don’t hesitate to send me a message to my email tporhajas@axiory.com
Cheers
Have a great day
Tom
Hello,
I have installed both Atinalla and Watukushay and all seems OK (I use one or the other of course). However, nothing happens, i.e.no trading.
Is it because I am using a demo account or…?
Regards
Hi Tariel,
thank you for your post :o) Please post these issues within the Asirikuy community forum where we will be able to help you in a much better way.
Best regards,
Daniel
Hi Im intested to advertise on your site http://www.mechanicalforex.com. Kindly send me your media kit to my email mruthdayao@yahoo.com
All the best,
Ruth
Hi Ruth,
Thank you for posting :o) I do not sell advertisements directly but you can advertise on the website through Google AdWords,
Best Regards,
Daniel
Hi Daniel,
I have read through your blog and visited Asirikuy.com and watched your introduction video.
Having recently sold my business I am looking to learn about FX trading as an alternative career path. I would be glad to invest my time, energy and money in knowing that I am approaching this new career/venture in an intelligent and professional manner, which hopefully will result in a process of working that produces real results in future.
My initial question is whether Asirikuy is right for someone like me, who is ready to put in the time & effort but has no programming knowledge at all. Just a genuine desire to understand the strategies and techniques involved
Does one need to learn the programming side of things or is this something that one can get by with out? I like the idea of thorough back testing of multiple strategies and combined strategies but I am cautious that this may be for the more technically minded people out there!
Your thoughts would be greatly appreciated.
Best regards,
Simon
Hi Simon,
Thank you for your comment :o) Although you do not need any prior knowledge about programming to start learning from Asirikuy it is true that you will need to be willing to learn programming if you do consider algorithmic trading a serious career path for you. Certainly knowing how to program will allow you to explore your own ideas and it will also allow you to independently improve the ideas we currently have and further improve/develop your own evaluation tools going forward. Bear in mind that the idea of Asirikuy is to help you gain an in-depth education and understanding about automated trading in retail forex trading so that you can make this work going forward, so definitely having the willingness to learn to program is of great help. Obviously you must be open to learn a lot of new and probably challenging things (programming, statistics, etc) , which of course are necessary to really achieve long term success in this business :o) I hope this helps!
Best Regards,
Daniel
Daniel-
I have recently discovered your blog and website and am very impressed. I am a long time professional forex trader and your site is the first I have come across to share such comprehensive, valuable and highly practical information. I have been a reader of currency trader magazine for many years now as well, and enjoy your work there as well. I am a member of your site, however, I have not been able to sign up for the forum. I do have some specific questions regarding systems and other tools on the site, but I have not been able to find the answers to these questions. Is there a way to join the forum, consult with other members, or get your feedback? Please let me know what communication methods you prefer. I am eager to also provide to the community and help advance the work you are already performing. Thank you.
Hi Anthony,
Thank you for your post :o) I am glad you enjoy my website, articles and blog! You should have received the forum login information along with your regular account information when you first joined the website (please search for an email with subject “Your Asirikuy Membership Information”). If you are unable to find this email please send me an email to ekans_@hotmail.com so that I can help you regenerate this information. You certainly can ask any questions you have about systems/tools within the forum :o) Thanks again for your post,
Best Regards,
Daniel
Hello Daniel:
I am subscribed to Currency Trader Magazine and I saw the reference to your blog which looks very interesting to me.
But I see that you mechanical strategy works more in MT4 or MT5, but I would like to know if you have some mechanical strategy for another kind of platafform for example FXCM.
Thank you so much for your comment and keep going with the good job!.
Best regards.
Hi Sarbelio,
Thank you for posting and for reading my Currency Trader Magazine articles :o) The strategies I develop are implemented mainly for MT4 but we are currently working on versions for JForex/MT5, we will however not work on versions for FXCM as the potential usage for these strategies would be too reduced (only FXCM uses their strategy trader). Thanks again for your post!
Best regards,
Daniel
Hello Daniel,
Great Website. Last week I tried to sign up for asirikuy.com. I succesfully piad for the subscription though Paypal however I have not yet received my password. I believe I may have accidentally misspelt my email address when signing up. I have my payment reference from paypal, which I provide as proof of payment. I was unable to locate any kind of help section or “contact” feature on the asirikuy.com website so i thought I may give this a go.
Look forward to hearing from you soon Bryan.
Hi Bryan,
Thank you for posting :o) I have already sent you a reply to your corrected email address with your login information. Don’t hesitate to contact me if you have any other problems,
Best Regards,
Daniel
Hello Daniel,
Your website is very interesting! I would like to ask you if you have developed currencies or futures trading strategies using Matlab? I am looking for a sample Matlab code for carry or momentum strategies.
Thanks
Hi, I came across your site and wasn’t able to get an email address to contact you. Would you please consider adding a link to my website on your page. Please email me back.
Thanks!
Harry
Hi Daniel,
Nice job this blog. I read you have been in Spain for your research in Chemistry…are you still round here? I am from Spain and have recently discovered your amazing blog. Will like to contact you, so if possible send me and email.
Best regards,
Jose
Helo Daniel ,
I am from India. I wanna know more about EA.I am a student and I have 500 $.I wanna know if through your EA I can generate enough money to take care of my stuff every month?
Its interesting,I searched around the web for some quant material and dropped in here.
Dan, do you agree that the financial market charts are simply chaotic per se? That is, a transend principle to be used for avoiding misbehavior?
Ed
Hi!
How can I get the 4 Week Breakout Strategy EA?
Thanks.
Hi,
Where is this Alpari 11yr data toward downloading that you speak of as reliable? Do I need contact Alpari? Is this reliable data only from AlpariUK? If so I suppose I’m out of luck as I recall one doesn’t qualify to be brokered by them if living in USA……if so then what do I do apart from moving to UK?
I discovered a highly polished & professional genetic EA creator that I am using in trial, but it appears no use in buying if this data issue isn’t handled, certainly seems from your website you look ay well. Hope you can help.
Thanks, Truly,
Jerry
Hi Jerry,
Thank you for your post :o) I get this data through a personal Alpari contact, as far as I know they don’t make this data available publicly but you can try contacting them as well. The data is for Alpari UK (as my contact tells me) but it is in theory a consolidated data for their live servers, with the data having a GMT +1/+2 offset. I hope this helps,
Best regards,
Daniel
hi
what is the best email to contact you?
thanks
you can contact me at dfernandezp(-at-)unal.edu.co
Hi Daniel,
I am not sure you can read my comment about Kantu but I have some questions on the demo software.
1) How do we verify the price pattern which is generated by Kantu? Without the exact rules of the price pattern, it is different to know it is correct.
2) How do we combine different price pattern/ system generated to combine different strategy?
3) Can we combine different fx pairs to have a complete portfolio?
4) By the way, is the project Watukush FE still alive or in any live trading?
Thank you
Regards,
Hi Rapheal,
Thank you for your post :o) Here are the answers to your questions:
1. You will need to buy the full version in order to be able to see the price patterns generated. The demo only allows you to look at the system generation capabilities and the overall features of the program. I don’t know what you mean by “correct”, all price patterns generated are simply comparisons between OHLC points on a chart, there is no definition of “correct” here.
2. You can generate different systems and then trade them together, or modify the generated MQL4 or F4 code so that you open trades on several patterns, there are many ways to do this. Kantu allows you to get price patterns with historically profitable results, you can then play with their code in whatever way you wish.
3. Yes, you can generate systems for different pairs as well (you can load data for any pair you want). If you want to get simulated performance of a portfolio of strategies then I would recommend you join Asirikuy so that you can get a deeper understanding about this process.
4. Yes, it’s still alive, check the Atinalla FE page for two live accounts trading portfolios of Watukushay FE strategies.
I hope this answers your questions :o)
Best Regards,
Daniel
HI Daniel,
Thank you for your reply. Can I customize the price pattern without programming? I am not a programmer and have not experience to change/create any code. Can I add additional rules (e.g. indicator) into it without programming?
It seems Watukushay FE only trades EU and still ‘survive’. Why don’t we use it to trade all fx pairs?
Regards,
Rapheal
Hi Rapheal,
Thank you for your post :o) Let me now answer your questions:
1. You cannot customize the generated patterns without programming, the generated patterns are included within the code but you’ll need to add any additional rules manually if this is something you want to do.
2. Adding any indicator rules will require you to program. Please remember that Kantu explicitly avoids indicators to avoid trading parameters and optimization problems.
3. Because this system doesn’t work on all pairs. Run some back-tests to get an idea why.
If you’re new to algorithmic trading then it would be better for you to join Asirikuy instead, where you get a complete education in automated trading. Thanks again for posting,
Best Regards,
Daniel