[winsor]

Winsor Hoang in the Wall Street Journal 2011

While there may be opportunities to make money in those overnight hours, there's also the potential to make mistakes if you're groggy and not fully focused on the task at hand. It's why Winsor Hoang, a full-time foreign-exchange trader who offers strategies to investors through Currensee.com, has gone fully automated. When he started trading currencies five years ago, he found he was up at all hours and "walking around like a zombie." In short, he lacked discipline with his trading, he says.

Mr. Winsor Hoang, based in Vancouver, British Columbia, switched to automated trading about three years ago and says he was up about 20% last year. His health and social life have improved, too, and he says he doesn’t miss the action that so many foreign-exchange night owls seek. “Trading should be monotonous,” he says.

Average hours of sleep a night: 5 before automated trading, 8 since
Alarm clock: two standard digital models: one on nightstand, the other five feet away. If the first fails to rouse, the second will force out of bed.
Preferred wake-up potion: tea, steeped extra long for added strength.

You can read more on the article here:

Currency Trading Is High Stakes—and Highly Addictive - WSJ.com

[winsor]

My Forex Trading Performance Update, May 15, 2011

My trading results are validated by ForexPeaceArmy.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (12 months).

Jasmine = +12,333 pips (+123.03%) after 1,1122 trades with EURUSD
Leah = +8,578 pips (+85.41%) after 1,074 trades with EURUSD
Sienna = +3,171 pips (+31.71%) after 1,257 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_instal...EX_dot_COM.zip

1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

[winsor]

My Forex Trading Performance Update, June 1, 2011

My trading results are validated by ForexPeaceArmy.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (12 months).

Jasmine = +13,550 pips (+135%) after 1,179 trades with EURUSD
Leah = +9,718 pips (+97%) after 1,143 trades with EURUSD
Sienna = +5,071 pips (+47%) after 1,336 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_instal...EX_dot_COM.zip

1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

[winsor]

+28,910 pips after 13 months of trading updated June 17, 2011

My trading results are validated by ForexPeaceArmy.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (13 months).

Jasmine = +13,391 pips (+133%) after 1,232 trades with EURUSD
Leah = +10,200 pips (+101%) after 1,200 trades with EURUSD
Sienna = +5,319 pips (+49%) after 1,406 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_instal...EX_dot_COM.zip

1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

[winsor]

+29,099 pips after 13 months of trading updated July 3, 2011

My trading results are validated by ForexPeaceArmy.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (13 months).

Jasmine = +13,059 pips (+130.1%) after 1,277 trades with EURUSD
Leah = +9,792 pips (+97.2%) after 1,250 trades with EURUSD
Sienna = +6,248 pips (+58.7%) after 1,446 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_instal...EX_dot_COM.zip

1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

[winsor]

Join Winsor Hoang on Fxstreet.com Webinar, July 12, 2011 16:00 GMT

Title: Expert Advisors (EAs), Love Them or Hate Them
Expert: Winsor Hoang, CEO and Founder at CTSForex
Moderator: Vicky Ferrer, wwwfxstreet.com
Start: Tue, Jul 12 2011 16:00 GMT
End: Tue, Jul 12 2011 16:45 GMT

Use this link to register:
Expert Advisors (EAs), Love Them or Hate Them


Summary:
Why do more hedge funds opt for Engineers instead MBAs? A new chess player with the aid of a computer can beat an experienced chess player. Why can’t computers help a trader succeed in trading? Everyone has greed, fear and lack of discipline. Can automated algorithmic trading be the solution?

Metatrader 4 (MT4) has become the common forex trading platform because of its expert advisors trading also known as EAs. Can EAs help the retail traders become as successful as the hedge fund managers? This webinar will provide the understanding of the EAs’ landscape. The perils of purchasing off the shelves EAs and why the consumers mind set will never be changed. It will examine the different types of EAs, including their strengths and weaknesses. The webinar will also cover creditable third party validation if you are planning to purchase off the shelves EAs. At the end of the webinar, you will be able to ask hard hitting questions to expose the lies of EA vendors.


This is the first of a series of webinars on MT4 expert advisors. We will begin with the basic fundaments, and moving more advance levels of designing EAs.
Who is Winsor Hoang?

Winsor Hoang has over 12 years of practical market trading experience including stocks and Forex trading. Out of more than 8,000 currency trading members on Currensee.com, he is one of the top five traders and is featured as a trade leader for their investment program. Winsor works with multiple trading firms, most notably, Zulutrade, where he has over 2,600 followers with a total balance of live accounts in excess of $10 million. Winsor Hoang has also been featured in several prestigious newspapers, such as the Wall Street Journal and the Dow Jones.
Winsor Hoang is familiar to many investors as the founder of a managed Forex accounts business, Managed Forex Accounts | Forex Trading Software | Automated Forex Trading System | Forex Trading Robots. He believes that Forex trading is 70% psychology, 20% money management, and 10% method. In order to eliminate the psychology related to trading, Winsor trades exclusively with expert advisors. He has developed multiple profitable Forex trading systems, which allow for diversification. By creating an investment portfolio of strategies, he generates the highest expected return for a given degree of risk. He sets a target for the overall performance of the portfolio under any market conditions instead of the individual trading system.
Winsor believes that expert advisors will enhance Forex traders’ chance of profitability because of their repeatability and reproducibility properties compared to any Forex trading courses or manual trading methods. Winsor Hoang posts his live trading results every 30 minutes on his website Managed Forex Accounts | Forex Trading Software | Automated Forex Trading System | Forex Trading Robots to help traders improve their trading skills.

Use this link to register:
Expert Advisors (EAs), Love Them or Hate Them

[winsor]

+29,951 pips after 14 months of trading updated July 31, 2011

My trading results are validated by ForexPeaceArmy.com, Currensee.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (14 months).

Jasmine = +13,734 pips (+136.7%) after 1,376 trades with EURUSD
Leah = +10,319 pips (+102.3%) after 1,356 trades with EURUSD
Sienna = +5,898 pips (+55.0%) after 1,592 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

Now you can access my three expert advisors in real time. Register & download my software. The installation process takes 30 seconds.

Free Trial Forex Software - Ctsforex.com


1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file

[winsor]

NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers

August 12, Chicago - National Futures Association (NFA) has issued a Decision imposing a $2,000,000 monetary sanction against Forex Capital Markets LLC(FXCM) in settlement of a Complaint issued by NFA's Business Conduct Committee on August 12, 2011. The Complaint cited FXCM for retaining gains derived from asymmetrical positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; failing to adequately investigate suspicious activity in several customers' accounts; and - together with its principal Dror Niv - failing to supervise. FXCM is a Futures Commission Merchant, Retail Foreign Exchange Dealer, and Forex Dealer Member located in New York, New York.

In addition to the $2,000,000 monetary sanction, FXCM must credit the accounts of its customers the amount of asymmetrical positive slippage which its customers experienced on their trades from and after June 18, 2008 and provide verification to NFA of these credits. In the future, FXCM is prohibited from engaging in price slippage or margin liquidation practices, as described in the Complaint. FXCM must also enhance existing procedures to ensure efficient execution of customer orders and compliance with NFA's anti-money laundering requirements.

The complete text of the Complaint and Decision can be found on NFA's website (NFA - National Futures Association).

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

[Jason Rogers]

Originally Posted by winsor

NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers

August 12, Chicago - National Futures Association (NFA) has issued a Decision imposing a $2,000,000 monetary sanction against Forex Capital Markets LLC(FXCM) in settlement of a Complaint issued by NFA's Business Conduct Committee on August 12, 2011. The Complaint cited FXCM for retaining gains derived from asymmetrical positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; failing to adequately investigate suspicious activity in several customers' accounts; and - together with its principal Dror Niv - failing to supervise. FXCM is a Futures Commission Merchant, Retail Foreign Exchange Dealer, and Forex Dealer Member located in New York, New York.

In addition to the $2,000,000 monetary sanction, FXCM must credit the accounts of its customers the amount of asymmetrical positive slippage which its customers experienced on their trades from and after June 18, 2008 and provide verification to NFA of these credits. In the future, FXCM is prohibited from engaging in price slippage or margin liquidation practices, as described in the Complaint. FXCM must also enhance existing procedures to ensure efficient execution of customer orders and compliance with NFA's anti-money laundering requirements.

The complete text of the Complaint and Decision can be found on NFA's website (NFA - National Futures Association).

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

The action from the NFA primarily concerns positive slippage, and I would like to shed more light on how positive slippage with FXCM's NDD forex execution system used to work prior to August 2010 and how it has worked since then.

FXCM’s platforms display the best bid/ask spread streamed from the firm’s liquidity providers plus FXCM’s mark-up. Every FXCM NDD forex trade is automatically offset in a two-step process, designed to ensure that FXCM does not profit from a trader’s losses. In the first step of the execution process, a trader clicks on the price and the order is sent to FXCM. In the second step, FXCM automatically sends the client’s order to one of its liquidity providers to offset the trade.

FXCM’s execution system prior to August 2010 only offered price improvements to clients in the first step of the process. If a better price became available on FXCM’s platform in the fraction of a second after the client submitted the order but before the order was received by FXCM, the client would benefit from the price improvement. However, FXCM’s previous execution system did not provide clients with price improvements in the second step of the execution process, even if FXCM was able to offset the order at a better price, excluding FXCM’s markup. FXCM enhanced the execution system in 2010 so that clients now benefit from price improvements in both steps of a transaction for all order types.

It is important to note: By the end of 2010 FXCM enhanced its execution system to offer price improvements on all trades. You may remember from my forum posts last August that I announced positive slippage for limit and limit entry orders on this thread. All orders now eligible to receive positive slippage, and all price improvements are subject to available liquidity.

The settlement amount and the client price improvement credit will have no negative impact on FXCM's financial balance sheet because several founding partners of FXCM have reimbursed the company for the credit and the fines. As of June 30, 2011, FXCM Inc. had over $200 million in cash and no debt.

FXCM's goal is to have a fair and transparent system, and we are proud to offer an execution system that passes on any price improvements. FXCM has compiled statistics from July 1, 2010 until now to display the percentage of orders positive slipped and negatively slipped, and which orders most frequently experience each. The percentage of orders between positive and negative slippage has been roughly equal.



And we have broken this down even further to display the number of orders on a monthly basis positively and negatively slipped:



Limit and limit entry orders are the most likely to experience positive slippage which is why we highlight using limit and limit entry orders in the execution center on our website. You can find even more data on slippage broken down per order type in the complete report here:
Slippage Statistics

Please let me know if you have any additional questions. I will do my best to answer them as thoroughly as possible.

- Jason

[winsor]

+32,865 pips after 15 months of trading updated September 1, 2011

My trading results are validated by ForexPeaceArmy.com, Currensee.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (15 months).

Jasmine = +14,970 pips (+148.8%) after 1,535 trades with EURUSD
Leah = +10,374 pips (+102.5%) after 1,532 trades with EURUSD
Sienna = +7,521 pips (+70.9%) after 1,773 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

Now you can access my three expert advisors in real time. Register & download my software. The installation process takes 30 seconds.

Free Trial Forex Software - Ctsforex.com


1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file