Selling your Forex trading system?

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The Gurok
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Selling your Forex trading system?

Post by The Gurok »

Hello,

Merlin any chance of you selling your Forex Trading Program when you finish coding for it? If not will you be available for hire anytime after its done(kind of like a broker) for people who want to Forex Trade using your program? If at all possible I would like to be able to trade with you seeing you have some good results in the past, and you have a powerful understanding of the subconscious mind. We can do Naps on this subject together, and maybe more of us can get together and start a pool or something. Let me know ;)
Idealistic

Re: Selling your Forex trading system?

Post by Idealistic »

The Gurok wrote: We can do Naps on this subject together, and maybe more of us can get together and start a pool or something. Let me know ;)
I would -totally- be cool with that.

Granted I only know a tiny tiny bit of C# so theres NO way I'd be able to make any improvements or be able to design a trading system. So...
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Merlin
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Re: Selling your Forex trading system?

Post by Merlin »

The Gurok wrote:Hello,

Merlin any chance of you selling your Forex Trading Program when you finish coding for it? If not will you be available for hire anytime after its done(kind of like a broker) for people who want to Forex Trade using your program? If at all possible I would like to be able to trade with you seeing you have some good results in the past, and you have a powerful understanding of the subconscious mind. We can do Naps on this subject together, and maybe more of us can get together and start a pool or something. Let me know ;)
Hehe, I was talking to James about this by PM today.

After this MT NAP that I am doing these days, I will do a NAP on clearing all my limiting beliefs about money and continue to design my trading system.

I will not "sell" my trading system but "lease it" about $250-500 per month. This may sound a lot but when you know that it will be making that kind of money EACH DAY, it will be a nice give and take here for both of us.

After that, I was thinking of maybe restarting the Stock Market Forum that was dead last year and bring members of this forum with me too so that we can all go from $1000 to $1 Million or more together.

We could pretty much fix all our problems here on this forum. :lol:

Merlin
Idealistic

Re: Selling your Forex trading system?

Post by Idealistic »

Merlin wrote: I was thinking of maybe restarting the Stock Market Forum that was dead last year and bring members of this forum with me too so that we can all go from $1000 to $1 Million or more together.
Why stop there?
Merlin wrote: We could pretty much fix all our problems here on this forum. :lol:
Hell, We could have a board for each of the "Big three"
Imagine that!
The Gurok
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Re: Selling your Forex trading system?

Post by The Gurok »

Sounds good. When and how do I sign up? Do you think it would be better if we all did Nap on the same subject regarding the trading system before we trade together? I imagine you will be making some sort of "Licensing Agreement" that indicates that all participants know the risk they are taking when entering a market such as Forex.
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Merlin
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Re: Selling your Forex trading system?

Post by Merlin »

The Gurok wrote:Sounds good. When and how do I sign up? Do you think it would be better if we all did Nap on the same subject regarding the trading system before we trade together? I imagine you will be making some sort of "Licensing Agreement" that indicates that all participants know the risk they are taking when entering a market such as Forex.
I would suggest you all start doing a Cleaning NAP on Money limiting beliefs asap because I have not completed mine but I have cleaned A LOT, that's for sure so while I fix my trading system, you can catch up with me by cleaning yours.

I will work with TradeStation who will bill you each month for this and send me a check after. The sad part is that I don't have the $2,000 minimum to open a trading account and trade so the people who will lease my system will be making more $$ then me at first because they will pay me $250 each month and my system will probably make them $5000 or more.

When I gather enough $250s to get in I will jump back with you. I figure it will be somewhere in the summer of 2014 after all the NAPs, programming and backtesting will be completed.

Merlin
The Gurok
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Re: Selling your Forex trading system?

Post by The Gurok »

Hello,

Sounds good. The price you are asking for is a sweet deal, most Forex trading companies who offer automated trading systems want you to make a minimum deposit of $10,000-$25,000 dollars(that's not counting additional fees) :D .
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Merlin
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Re: Selling your Forex trading system?

Post by Merlin »

The Gurok wrote:Hello,

Sounds good. The price you are asking for is a sweet deal, most Forex trading companies who offer automated trading systems want you to make a minimum deposit of $10,000-$25,000 dollars(that's not counting additional fees) :D .
I noticed that with TradeStation, the min is $2,000 to open a Forex account but I don't know yet what type of Lot size we can use with it.

With a Standard Lot (100,000 Units) we can make $10 per pip while with a Mini Lot it's only $1 per pip. To make $250 or more each day, you will need a Standard Lot.

Merlin
The Gurok
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Re: Selling your Forex trading system?

Post by The Gurok »

Merlin wrote:
The Gurok wrote:Hello,

Sounds good. The price you are asking for is a sweet deal, most Forex trading companies who offer automated trading systems want you to make a minimum deposit of $10,000-$25,000 dollars(that's not counting additional fees) :D .
I noticed that with TradeStation, the min is $2,000 to open a Forex account but I don't know yet what type of Lot size we can use with it.

With a Standard Lot (100,000 Units) we can make $10 per pip while with a Mini Lot it's only $1 per pip. To make $250 or more each day, you will need a Standard Lot.

Merlin

So would this be like a joint account between all of us? I imagine it would have to be of a sort if we all are going to be using the same automated trading system. Also I snagged this from https://getstarted.tradestation.com/htm ... x2011.html" onclick="window.open(this.href);return false;.
Odd-lot order support for forex
After the account transfer, you will be able to place forex orders of any size without any round-sized lot restriction. For example, you will be able to place an order for 150,000 units of EURUSD. The minimum forex order size accepted will be 10,000 units.
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Merlin
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Re: Selling your Forex trading system?

Post by Merlin »

The Gurok wrote:I imagine it would have to be of a sort if we all are going to be using the same automated trading system.
No, not use the same trading account that's crazy hehe, each one will have to open up their own trading account and contact TradeStation to "lease" my system and they will send it to you and they will charge you my price each month directly from your trading account or something like that.
The Gurok wrote:Odd-lot order support for forex
After the account transfer, you will be able to place forex orders of any size without any round-sized lot restriction. For example, you will be able to place an order for 150,000 units of EURUSD. The minimum forex order size accepted will be 10,000 units.
Alright cool so 100,000 units (LOT or Standard Lot) is all we need to start making our little $250/day.

So go and try to save your $2,000 folks, the show will begin in maybe 6 months or less.

Merlin
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