How can we
translate the forex like a second language?
When
you were born, you may have thought that your native
language was quite a daunting task to learn.
Fortunately,
you were probably immersed in a community of native
speakers, so you picked up the language rather quickly.
In the tradition of "Fun with Dick & Jane"- the popular
children's book, we bring you "See Spot Trade" to
convey that the Foreign Currency Exchange Market doesn't
always have to be like a foreign language.
In
fact, we've learned the Foreign Currency Exchange
Market for you, so you don't have to.
In
the children's book, "Fun with Dick & Jane", you may
read a passage about Dick & Jane's dog named, Spot
that says, "See Spot Run". All you had to do is read
and observe Spot's actions. You didn't have to actually
get up and do any running yourself.
This
is the same way that our Forex Trading robot works.
We've named our trading robot, "Spot".
You
read a few instructions or have us help you install
Spot for you and then just observe Spot do his thing.
And Spot's thing is 'trading'. And if that's too difficult,
we offer Managed
Account Services where we trade your Forex Account
for you.
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up, today... |Services|
After
downloading your copy of Spot, contact
us for a free, demo license key.
How did we
come up with the ultimate forex trading robot?
Born
out of over 3 years of intensive experimenting with
the forex market, our dedicated team broke through
all the negative stereotypical boundaries that were
presented to them by the myriad of self-proclaimed
'experts'. After finding nothing that worked consistently
and spending tens of thousands of hours, our team
was able to produce a conservative trading approach
that produced the following results in less than 3
calendar months trading less than 3 hours a day. Basically
the account equity was doubled:
|
Trading
Period
|
03.02.2207
to 05.31.2007
|
|
Win
/ Loss Ratio
|
490-0
|
|
Open
Trades
|
4
|
|
Beginning
Balance
|
$22,677.00
|
|
Ending
Balance
|
$48,897.41
|
|
Ending
Equity
|
$45,147.35
|
|
Ending
Equity minus Beginning Balance
|
$22,470.35
|
|
|
And then
what happened?
Not
having much luck with a few flaky programmers, we
finally found a guy that was able to produce the code
for the trading robot from our research notes. The
first version was called the IRISH 1.0. We had a great
idea for marketing and contacted a guy about a domain
name for a website. This guy wanted $1 million dollars
for his website name. No such luck. So we changed
the name of the trading robot on the next build.
In
trots "Spot".
Everyone
likes dogs and most people know that the foriegn currency
exchange is a 'spot' market, meaning "immediately
effective". So with confidence and a few upgrades,
we launched Spot v.2.5.11. Since then, we have launched
more versions of Spot.
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up, today... |Services|
July 2007:
We
started out with separate versions of Spot depending
on which broker the trader was going to use. This
quickly became obsolete as the U.S.-based regulating
agency for futures trading began putting pressure
on U.S.-based futures brokers that just happened to
be offering forex services, also.
Because
these U.S.-based brokers were offering futures and
forex under one umbrella, the currently unregulated
forex services became 'regulated' by association under
this 'umbrella'. Only U.S.-based forex brokers that
offered "forex services only", were able to avoid
pressure from the U.S.-based futures regulating agency.
Foreign-based forex brokers were obviously not affected.
There
are 120 forex brokers that offer the Metatrader 4
or MT4 trading platform (see
list here).
We
began offering Spot, the ultimate trading robot, in
3 versions for use on any of these 95 broker-offered
trading platforms. Spot for Micro Lot Accounts, Spot
for Mini Lot Accounts and Spot for Standard Lot Accounts.
We also created our Setup
Tutorial to show traders how to input their License
Key.
Because
Spot, the ultimate trading robot, works with conservative
margin management, we have reiterated to traders that
the optimal and minimum balances for micro lot accounts
is $2,000 USD, for mini lot accounts is $20,000 USD
and for standard lot accounts is $200,000 USD. Trading
lower balances on the respective lot size accounts
will require adjustments to the robot's properties
under the AutoLotGen parameters or the trader will
see errors in the Expert Advisor and Journal tabs
of their Trading Platform.
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up, today... |Services|
August 2007:
On
August 20th, 2007, we delivered our next expert advisor
version called, Spot v.5.2.22. We had three (3) versions,
actually.
Spot v.5.2.22.micro for Micro
Lot Accounts
Spot v.5.2.22.mini for Mini Lot Accounts
Spot v.5.2.22.stnd for Standard Lot Accounts
Spot
v.5.2.22 included 4 upgrades.
1) Because the USDCAD
pair is ripe for 'interesting-bearing' trades with
its Monthly RSI at a long-term low of 22.6% and favorable
Weekly and Daily RSI's, we have added this pair to
Spot's run.
2) In anticipation of our "true scaling" version,
we have stretched out Spot's scale trades to every
10 pips.
3) With little change in profitability and
added margin level protection, the Minimum Margin
Level at which Spot temporarily suspends opening new
trades has been bumped up to 2000% from 1000%.
4) Because our Preferred Broker has assured
us that they invite 1 and 2 pip Take Profits, we have
added those options back into Spot's EA properties
window.
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up, today... |Services|
September
2007:
All
versions of our trading robot expire on the last Saturday
of each month. For that reason, if you had Spot v.5.2.22
or older, you will need to download
a new version 5.2.25 after August 25th, 2007.
There
have been so many questions about the Metatrader 4
Strategy Tester that we were prompted to write a webpage,
"Truths
about Strategy Tester Myths" to dispell any believe
that Strategy Tester backtests could provide proof
of "how well" any EA / Expert Advisor would have done
over past market conditions.
A
Strategy Tester is useless to see if a strategy is
profitable. It is purely useful to see that an EA
"actually functions" - not "how well" it functions.
In
addtion to that misconception, there have been many
that haven't understood that this EA / Expert Advisor-
SPOT, the ultimate trading robot must run on 5 currency
pairs simultaneously. A Strategy Tester back test
can only test one currency pair at a time.
So,
we added this snippet to the front page of the website,
|
"This
Expert Advisor is designed to operate simultaneously
on the following five (5) currency pairs for
the purpose of diversification and margin management.
Only Interest-bearing or Carry Trades are opened
for the purpose of capturing Overall Profit
from the combination of Gained Interest / Swap
& Profit.
Trading Robot parameter
changes are required, Daily, to ensure that
Lot Sizes and Take Profits are in line with
Monthly, Weekly and Daily Trends. A Minimum
Margin Level Safety feature in built in to ensure
that no new trades are entered unless there
is sufficient Margin Level Percentage to protect
against large market movements.
Apply this Expert Advisor
to only & all of the following: EURUSD, USDJPY,
USDCAD, USDCHF & EURJPY."
|
And
that's not all...
We
are building a Frequently Asked Questions database
in a Keyword Searchable Blog, here:
http://SeeSpotTrade.WordPress.com
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up, today... |Services|
October 2007:
All
versions of our trading robot expire on the last Saturday
of each month. For that reason, if you had Spot v.5.2.25
or older, you will need to download
a new version after September 29th, 2007.
There
are 3 versions- Spot2k for Micro Lots, Spot20k for
Mini Lots & Spot200k for Standard Lots.
Not
a lot of traders wanted to update their Stochastic
Trend values every day, so these new versions do not
need any daily maintenance. All you need is a license
key.
Sign
up, today... |Services|
November
2007:
Due
to the volume of inquiries regarding demo trading,
we decided to narrow our focus on our Managed Account
clients and LIVE account clients.
The holidays are here which
means it's a busy time for families and a slow time
for trading.
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up, today... |Services|
December
2007:
Trying
to decide what to do with this website since it is
outdated.
Our
services for demo accounts will no longer be free
of charge. It is just way too time consuming answering
all the questions for free. A lot of people don't
have the minimum $2000 with which to trade safely.
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up, today... |Services|
What's next
in January 2008?
We
will be offering free services for LIVE account holders
only. These LIVE accounts need to be with FXDD. |their
website|. These free services are an $85/month
value.
For
demo account holders, we will be offering the Spot
EA for $5/month, Trade Calls for $30/month and Support
for $50/month.
This
website will be updated during the month of January
2008 to reflect these changes.
(Last updated: January 4th,
2008)
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up, today... |Services|
