We generate buy/sell short or long signals on FOREX currency pairs and auto-trade on winning systems, based on rigorous backtesting and market validation.
The process behind signal generation involves analyzing millions of FOREX data points for specific patterns from range break out, resistance to upward/down trends. The patterns are identified using a variety of indicator fundamentals such as moving average, trend, relative strength index, Bollinger Bands, fibonacci and many others.
“History doesn’t repeat itself but it often rhymes.” – Mark Twain
Technical Analysis Example
Firefly System Results – USD/GBP Currency Pair
Transparency is important to us
We believe in honesty and transparency. Our personal experience working with the financial services industry hasn’t always been transparent or financially beneficial. From hidden management fees to less than stellar returns (< S&P 500).
Warren Buffett famously made a 10 year $1M bet with Protégé Partners that the S&P 500 index would yield a higher return than any of the given fund of funds put forth by Protégé Partners. The result was Warren won the bet; the S&P 500 averaged 7% over the last 10 years vs. an average 2.2% for the Protégé funds. It turns out that Protégé may have won the bet if they didn’t charge such high management fees, upwards of 20-50% of the profits. The compounding effect of these management fees can have a deleterious effect on investment growth.
In the spirit of transparency, we will be publishing what we are making and losing. We auto-trade the systems we publish. We don’t hand trade, while we’ve done it in the past, it requires great discipline and emotional control.
Our belief is unconscious and conscious biases play a significant role in profitable investing. In fact, there are 9 different investment biases that can impact an investor, potentially resulting in less than expected returns or even large losses.
The effect of investor bias is significant, over 75% of all day traders quit in the first 2 years.
Investor bias (source 2018 Dalbar study)
This is why we have removed as much of the human element from auto-trading as possible. For the same reason, this gives us an edge when it comes to trading. We have eliminated emotion from trading, because aside from building and tuning each system, once it is set free – there is no human involved.
Sign-up here for more information.