Hi All

2012 Was a significant year for me as I decided that the lack of sleep caused by excessive trading at night while still holding a full time job will eventually finish me. So I started the process of  converting my trading strategies into a algorithm and having it coded in MQL for use on the MT4 platform.

This process was much longer and more frustrating than initially anticipated but eventually the second contractor employed managed to get the code perfect.

Next started a process of extensive testing via the MT4 strategy tester. Some interesting patterns emerged and although the different forex pairs performed as expected the real pearler was Gold. Surprisingly perhaps I now find myself having deactivated the forex robots and just running the Gold robot.

If you are interested in following my trades I would recommend that you subscribe to the email feed as all these communication channels are fully automated. Please also note that I trade on the 4H timeframe where the algorithm works best. While there is an open position you will also receive a new stoploss level on every new 4H timeframe.

Although it is still early days, the robot is performing very well on the above parameters and hopefully will continue to do so.

A final word on cash management; taking gross monthly loss and maximal drawdown into consideration I would suggest a $1000 cash reserve for every 0.1 lot US$ Gold traded.

Please let me know if you have any questions or suggestions.

All the best
Chris Wigget