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  • ASTA Signal Service

    Update 07.02.2016:
    ASTA light continues trading. Here are the key facts:
    • €30 per month through FxBlue copier, €45 per month through Simpletrader.
    • If thats too much, you can follow the account through the Darwinex investor platform (www.darwinex.com). YouŽll then only pay a performance fee on high watermark basis without subscription costs.
    • Free of charge for former clients (managed accounts or signal follower up to the latest month) through FxBlue, €15 through Simpletrader.
    • Do NOT cancel any other signal subscription to go for a cheaper one. Thats NOT the intention.
    • Set your risk setting to a level, where you can easily follow the system for at least 12 months without interruption (thats why the price is set at this level). System is made for yearly return with proper risk management, like the former ASTA light system. That means that you will face a string of small losses, which will be all covered by a few larger wins. Thats the systems nature. Prepare for it. YouŽll see drawdowns and sideways in choppy markets, while we pocket nicely whenever there is some movement.
    • System consists of components which lack scalability for institutional clients. For retail clients that means that you have a lower minimum balance, more precise risk adjustment on lower balances and higher compounding efficiency.
    • Do NOT play with the risk or lot size settings. Otherwise youŽll likely end up in trouble. Run it on lot multiplier, not risk multiplier.
    • Subscriptions seats are limited due to the low cost and the fact that i do not want to start a price war. As soon as the client base starts to grow too much, the signal will be made closed completely for new clients. Prices wonŽt be raised to regulate amount of new clients, because that will likely end up with the same problems i already mentioned (clients jumping in, running a silly risk setting, panic while facing a small drawdown and subsequently cancel with a booked loss).
    • When all components fail at the same time, youŽll see a drawdown of 20-25%. That is unlikely, but you better prepare for the worst instead of hope for the best. Keep your risk low and youŽll be fine.
    This is the account at myfxbook which you follow:


    This is the former ASTA light account that has been stopped and moved over to Darwinex. Just to show you the already available 12 months track record:


    Darwinex procedure:
    Darwinex allows to import the trading history from other real live trading accounts. This is why they have the history of the former ASTA light account built in. You can see the same system on the myfxbook profile as well.
    This widget might forward you to the system. Otherwise you need go manually on the Darwinex homepage and look for "ASTAsignal" in the search tab. Choose the one which is listed with the three letters "HFS".



    Last but not least the link to the signal on the simpletrader page:
    https://www.simpletrader.net/signal/...-low-cost.html

    As this is the forum of simpletrader, i wonŽt add the payment link to FxBlue to the first page. If you want to join through FxBlue, please send me a mail or PM.
    Last edited by ProfBernardo; 07-01-2016, 01:58 PM.
    ASTA light master account - myfxbook link
    Former ASTA light signal account with 12 months trading history - myfxbook link

    Link to signal on simpletrader website

  • #2
    I'm definitely keeping a close eye on this. Thanks for popping in!

    Comment


    • #3
      Just keep it on your radar. Recent weeks were pretty good, so a small draw down isnŽt that unlikely in the near future. That could give you a better entry. Draw downs in the ballpark of about 10% are usual and will be definitely seen more than once a year.

      Kind regards
      ASTA light master account - myfxbook link
      Former ASTA light signal account with 12 months trading history - myfxbook link

      Link to signal on simpletrader website

      Comment


      • #4
        Interesting strategy, I've seen something similar years ago that was a hedging strategy based around a buy and a sell basket, along several anchor currencies. Do you run this strategy off an excel spreadsheet or is it fully automated

        Comment


        • #5
          This strategy is fully automated, because it is trading several accounts on several platforms (usually non-MT4 accounts). There is an additional full backend for safety nets, which is autonomous and stops the systems when max. draw down threshold are hit (daily, weekly, monthly, overall).

          Kind regards
          ASTA light master account - myfxbook link
          Former ASTA light signal account with 12 months trading history - myfxbook link

          Link to signal on simpletrader website

          Comment


          • #6
            Is there any manual intervention if it reaches certain DD? Is it an EA only? Human trading also? Thanks nc!

            Comment


            • #7
              System itself is shutting down as soon as worst case DD is reached. If that doesnŽt work for any reason, there is another autonomous security system shutting down all trades. If that doesnŽt work either (which is very unlikely at this stage), manual intervention is needed. Additionally the draw down limit is set on my side in Simpletrader and you can set a limit as well. Chances that all fail are pretty much zero.
              Human trading is not involved, because that is simply too slow. Although human monitoring is maintained in the major times and several emergency alerts for human monitoring if needed 24/7. Usually manpower is mainly used to improve the system further and most importantly keep it up to date to recent market changes (which is the most important factor).
              ASTA light master account - myfxbook link
              Former ASTA light signal account with 12 months trading history - myfxbook link

              Link to signal on simpletrader website

              Comment


              • #8
                So according to market you change settings. How often weekly? When is needed? So it is not an ea which runs with out manual resetting of the ea parameters.
                I do not like eas which run with out settings support. market changes always.Your strategy is more for trading markets and surviving ranging market. Is a bet if you think that markets will have trend and no ranging then is a good strategy. If it ranges for 10 months, bad choice. Correct me if I am wrong. One of the most interesting signals. nc!

                Comment


                • #9
                  I have agree with most of your points. No manual intervention or non-adaptive strategies overall are a recipe for disaster. Additionally i do not like to see this system called an EA, because usually EAs in the retail market are complete rubbish. A bunch of code lines and curve fitted parameters are not good enough to survive. You might have seen that several times in the past. As soon as they start trading, they start losing money. This system is on a completely other level and is not even remotely comparable. There is a whole armada of servers running in the background which feed high quality live market data into the system and thus allowing it to react accordingly. But there is still manual intervention needed and it is done pretty much every few months to rebalance the system (or sooner if needed) and see if there is a major change required.

                  There is one point i have to disagree: Ranging markets are not perfect for this system, but it still isnŽt a bad choice even in these market conditions. Just take a look at the months June to September (remember, always look at the equity, not the balance). Markets were quite choppy and ranging with low volume through the summer season. It still returned about +15% within three months in very unfavorable market conditions. So even if markets are ranging for 10 months (given your example), you could still pocket profits on a yearly basis which are a lot higher than the worst case risk. But if you have a few months or weeks with volatility picking up, you will pocket a TON of profit (like the recent months).

                  Hope i could answer your questions.


                  Cheers,

                  Prof
                  ASTA light master account - myfxbook link
                  Former ASTA light signal account with 12 months trading history - myfxbook link

                  Link to signal on simpletrader website

                  Comment


                  • #10
                    This does look like a great service - my main concerns would be lack of historical data, but am aware that there is nothing that can be done about this due to private accounts. The other is how the brokers will manage what could be a very profitable ( and therefore unprofitable for them) system when/if this really takes off (as seen with so many other widely marketed EA's). The only other two successful managed accounts I am aware of, but will not mention on this thread for obvious reasons, are tied in very closely with the broker; in fact I am almost certain one owns the broker they trade through, due to the incredible execution. In that way they avoid the 'conflict of interest' trap, which even though very broker will tell doesn't exist, actually does - they just need to make sure there are many more losing traders than winners; which without very profitable systems on their books, there usually is. I actually asked one new broker in so many words how they were going to **** me, and they were quite honest advising that they hedged out some trades ( I guess for the successful larger accounts), leaving me to assume that most were settled in the usual 'bucket shop' way which even though they say are ecn, stp,ndd are almost all the same..it's just marketing jargon..food for thought...

                    Comment


                    • #11
                      Hi Peter,

                      you have to make sure to trade with the right brokers. Thats for sure. Your broker must not have a conflict when a trader is profitable. This is your first priority and believe me that this exists, as there a many larger accounts running profitably in the background for years.

                      Additionally you are not tied to a single broker with a signal service. If your performance decreases, just leave. Thats what i will do with the upcoming MAMs that will soon be available. The system will run on more than one broker, so if the performance at Broker A decreases substantially, investors will naturally move their funds to Broker B. Just monitor your accounts and take action when needed.


                      Kind regards,

                      Prof
                      ASTA light master account - myfxbook link
                      Former ASTA light signal account with 12 months trading history - myfxbook link

                      Link to signal on simpletrader website

                      Comment


                      • #12
                        Long awaited draw down now happened. Many potential subscribers and investors waited for it to jump on board. That might be a good entry at these levels.

                        Additionally the Global Prime managed account is now available. The performance fee is discounted to 20% and the min. deposit is set to $1000 to give people the chance to reserve a seat and lock in the lower performance fee. The 20% fee will be locked in on your account forever (regardless of your first deposit size and future account size), while the performance fee for newer clients will be raised in the near future. Here is the sign up link (will put it in my signature as well):
                        https://globalprime.eappform.com/Ini...REX&PCode=ASTA

                        The trading agent is a good friend of mine, but the system will be exactly the same (besides the risk profile setting the WCS draw down to 50%).

                        Another managed account at FxPig will be available as well, likely somewhere in November.


                        Cheers and wish you a nice weekend
                        ASTA light master account - myfxbook link
                        Former ASTA light signal account with 12 months trading history - myfxbook link

                        Link to signal on simpletrader website

                        Comment


                        • #13
                          Originally posted by ProfBernardo View Post
                          Long awaited draw down now happened. Many potential subscribers and investors waited for it to jump on board. That might be a good entry at these levels.
                          Hi Prof,

                          The DD is painful to watch.
                          Hope things turn around soon.

                          Cheers

                          Comment


                          • #14
                            Would you please tell me why you think so?

                            I stated in the signalŽs page that 10-15% draw downs are common and you should be aware. This draw down is no where near the stated draw downs, let alone the WCS for cut off. There had to be a correction after the recent moves and i am glad that it came. Otherwise something would be wrong in the markets (especially with not too many news coming up).


                            Cheers
                            ASTA light master account - myfxbook link
                            Former ASTA light signal account with 12 months trading history - myfxbook link

                            Link to signal on simpletrader website

                            Comment


                            • #15
                              Originally posted by ProfBernardo View Post
                              Would you please tell me why you think so?
                              Maybe i need to revise my expectations.
                              It is tough to watch the account balance withering away day after day for a few consecutive days.

                              Cheers

                              Comment

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