A New Year In Automated Trading… My Goals For 2010

I would have to say that today is a great day. There is always something magical about the beginning of a new year. New perspectives, new hopes, the feeling that everything that was wrong last year will be left behind…. There are just too many things that make the 1st of January fundamentally different from December the 31st. Today I want to dedicate this post to set my goals for 2010, you will see what I am planning for my website and my customers and all the things I think I can achieve.

What are my plans for the blog for 2010 ? First of all, I want this year to be the first one in which I will post every day of the year, I want to give you new high quality content for the 365 days of the year. It is very important for me to keep my visitors satisfied and coming back hungry for more content (hopefully this is what happens :o) ). I have written a new post each day for the past 3-4 months and I know its possible so hopefully I’ll come up with 365 new ideas for next year. Without a doubt many of those posts will be dedicated to the review of the many many worthless systems that will certainly come out in 2010.

Regarding my projects, there are many things which I hope I will be able to get done in 2010. I will continue the Watukushay project and I hope I can have Watukushay 3, 4 and 5 ready by the end of the year with the whole ebook content developed. I also plan to get a lot more out of Watukushay No.2 with logic modifications that will make it able to trade under several different pairs with just as good results. As a teaser to all of you, Watukushay No.3 is almost done and it is my attempt to make a “universal” expert advisor, that is, an EA that has profitable settings for every pair available in the market, just like the turtle trading system, it involves the tackling of an inherent characteristic of the market which is present almost universally in forex pairs. More on this on a post in February :o).

Regarding other expert’s development I plan to develop a whole suite for trading the turtle system which will include systems 1 and 2 plus a main controlling unit that will handle correlation, strength rules. This will, to the best of my knowledge, be the first implementation of the whole turtle trading strategy including rules that apply across different instruments.

As of the ebook and newsletter I am planning to increase the ebook’s length to more than 200 pages with the inclusion of all the Watukushay expert’s programming and a few new sections which I will start to comment on as the year goes by. These sections will tackle issues common to new traders in automated trading and will go into deeper territory when dealing with the already existing sections. The newsletter will continue to provide testing and commentary of all trading experts and will certainly provide us with very valuable information next year as we reach the first year of testing of our 6 god’s gift ATR trading accounts and the Watukushay and turtle live trading accounts (in December). New videos will be added each week reaching a level of more than 120 videos (combined newsletter and ebook database) by the end of the year. I certainly hope I know enough about forex trading to do all this talking :o) !

Another very important move for me will be the elimination of all demo account testing. As I see it it makes no sense to test long term profitable experts in demo since they are long term trading and brokers remove either account history or completely cancel the demo accounts in the long term. Demo trading will now only be done privately by me to confirm an expert’s programming before going live but ALL newsletter accounts will become live before March 2010. I am also thinking about starting a private forum for my subscribers, what do you think ?

I also hope that I can continue to trade my S&R system on the blog for the whole year with the weekly updated journal with trade pictures as we have done for the past few months. I will also add a long term S&R manual system and probably start trading the systems live sometime during the middle of the year as I gain confidence swing trading. I will also start a live account for my long term S&R trading (it is good to have a sole account exclusively for each system).

As you see, it does seem like I’ll be spending a lot of time in front of my computer and a lot of money in live trading systems for the blog, but well, you guys certainly deserve to have the most reliable robust proof that the long term profitable expert advisors I build do work in the long term in forex trading. By the beginning of 2011 we’ll have the most robustly tested expert advisor portfolio online with 4 experts with more than one year of live testing. That said, I hope that the world does not end in 2012 ! Do you have any ideas for my projects in 2010 ? Any opinions, comments or suggestions ? Leave a comment and I’ll be glad to take everything into account !

If you would like to learn more about my views on long term profitable expert advisors, have access to trading videos and all the trading systems I have programmed with realistic profit and risk targets please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !

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