What platforms do you support?
We can support TradeStation, NinjaTrader, eSignal and MCFX. Please
see the platforms page for detailed information and contact details.
Why don’t you support MetaTrader?
We initially looked at MetaTrader as a possible platform. We found it
that it couldn’t support all of the calculations that we need to perform in
order to generate signals. The code is difficult to protect and there are a
minority of MetaTrader users who take great pleasure in cracking and sharing
copyrighted systems. Additionally, MetaTrader forces users to use a specific
broker whose prices vary widely. This would cause users to get different signals
based on their inconsistent data feeds.
Can we see test results?
Of course you can. Please send an email to support@currensys.com and
we’ll send you a system overview as well as some recent weekly PDF reports.
Please understand that this system is mechanical but not automated and as such,
we cannot click a button and produce an equity curve for every possible scenario.
There are 30 currencies, 4 time frames, and 3 systems. That’s 360 equity curves
and we don’t have all of those. We have picked some of the more difficult pairs
and time frames and we use those as a proxy for more, well behaved currencies.
We have zip files of weekly summaries going back to April 2005. The files average
about 1MB per month and you are welcome to see as many as you would like. We
also offer you the ability to connect to our computer so that you can see real
time results.
Does the system only work on the 15-minute charts published in your
test results?
No. The system will work on any time frame and any pair—the vast
majority of which require no change in settings, from 5 minute charts up
to weekly charts. It takes me about 5 hours a week to test the GBPUSD, EURUSD,
USDCHF, and EURJPY pairs on a 15-minute chart. I do monitor, and even trade,
other time frames and pairs. We just don’t have the time to publish results
every week. The results of these 4, 15 minute accurately depict the capabilities
of other currencies and time frames. If you have a specific request let us
know and we’ll send you screen shots.
How much does the system cost?
The system is available for $1095 USD. For more information on
what this price includes, please see the Purchase page. This price hasn’t
changed in 3 years.
Why don’t you have a testimonials page?
We love testimonials but it has become increasingly evident that some of the
comments we read on websites simply aren’t true or are obtained through enhanced
interrogation techniques. While not perfect, we think a better system of reviews
can be found on so-called independent review sites. We have been reviewed
here http://www.forexpeacearmy.com/public/review/www.currensys.com and
to a lesser extent on other sites.
I live in a terrible time zone. Can I still trade the system?
Yes, of course you can. By watching several currency pairs on several
time frames, you will be exposed to ample trading opportunities. Ironically,
everyone thinks they live in a lousy time zone.
Do I need to wake up for the London open?
It’s no secret that the European hours are the most active. A full
30% of all Forex transactions occur during those hours. The US market is second
with around 19%. For 4 hours a day, the two markets overlap. It is clearly
a good idea to trade the most active hours, but it is not absolutely necessary.
It’s like fishing; you tend to go to the pond with the most fish. You will
have the option to set up your platform to alert you audibly, visually, and
email/text message at critical market points. The other way to avoid trading
at strange times of day is to take a longer term approach such as that offered
by the 240 minute charts and signals.
Can you teach me to trade?
The only person who can teach you to trade is you. We offer you indicators,
a system to trade those indicators, a large user manual covering every aspect
of trading, and on-going support. But, the ultimate decision to trade well
lies within. We know a number of traders who have attended seminars and worked
with well-known mentors, at costs ranging from $1200-$3000. They all report
that they had fun and made some friends, but that the afterglow of confidence
wore off by Sunday when they sat down by themselves to look at charts. Trading
is, by nature, an often solitary endeavor. However, I personally believe that
with a system, a plan that outlines how to trade that system, and the discipline
to follow the plan, virtually anyone can become a successful trader (please
see the Risk Disclosure page for complete information on risk). We will provide
as much support as I can to help you understand how to trade the system, the
rest is really up to you. You will give up on trading long before we give up
on you!
I have a real job, can I still trade?
Yes, but you can't spend "just 10 minutes a day" and then
quit your job next month. If you work full time, we simply suggest that you
trade longer term charts. You will get fewer signals, spend less time monitoring
your position, and still get your piece of the pie.
Do I have to sit at the computer all day waiting for a signal?
No you don't. Within a week or two, you will know the code well enough
that you will be able to anticipate pending signals up to an hour or more in
advance. Additionally, all supported platforms can generate signals visually,
audibly, or by email/text message.
How long does your support last?
There’s no designated time limit on support. When you purchase the
system, we will have a lot of upfront personal contact via email, website based
chat, IM, phone, or any other modern communication method that you can think
of. In my experience, getting set up and becoming familiar with trading the
system can take anywhere from a week to a month, depending on your previous
trading experience and familiarity with your chosen platform. After that, many
traders find that the embedded chat room and forum are the best places to get
support and share ideas with other traders. Of course, we remain available to
answer questions and work with you individually, but most traders naturally
migrate to the larger community as there are a number of viewpoints and some
good discussion on trading.
How many pips can I make each week?
We have no idea. A large part of that is determined by you. Every week,
the market and the system will offer you opportunity. How much you grab is a
function of your availability, tenacity, and experience. Please see the Risk
Disclosure page for complete information on risk.
Why isn’t your system automated?
Our goal is to teach you to trade the market with a very good system and unparalleled
support. Automation accomplishes none of those objectives. Successfully
automated traders actually work harder and spend more time testing and
developing than discretionary traders. It’s a science to maintain automation
and frankly, until you can trade well you aren’t in a position to consider
automation. Automation requires frequent sophisticated testing and software
updates to stay current or the system can fail. Most traders aren’t capable
of performing that kind of testing and we don’t enjoy the idea that we would
be responsible for your equity. No offense, but if we were to pursue automation
it would be much easier for us to take your money and trade it for you.
Do you have a trial offer?
We do not offer a free trial on the system. We believe that is very
reasonably priced and we will go to any length to make you feel comfortable
before you purchase the system. This includes everything up to and including
sharing my screens and discussing current market trades. Everything that we
send you is electronic. You cannot return an email and you cannot unknow what
we’ve taught you. The majority of our time with you will be spent during the
first month. That being said, we do have a conscience and if you can’t stand
us and/or the code we can discuss this further.
Can your system fail?
Yes, all systems can fail. And, if anyone tells you that their system
can't fail, run away! Markets can and do change and if a system is not capable
of changing with the market it can be left behind. We have made very good progress
in making the 3 systems adaptive so that they can respond to changing markets
without user input. Since we are trading the exact same system that we offer we
have a vested interest in making sure it performs as well as possible now and
into the future. If we find parameter sets which are more profitable than current
ones, we will communicate those to you in a timely manner.
The best systems don't lose money when they fail, they simply reduce the
number of signals or they break even a lot and wait for the day when the market
comes back into synch with their objectives. With the MACD Dot system, my
experience has been that there are rarely gross failures. For it to fail
completely, MACD would have to stop moving. However, we have found occasions
where one time frame seemed to perform better than others. The advantage
of having 3 systems is that one or more systems will always be in a market
environment where they perform optimally.
Do you trade full time?
Yes, we trade for a living. We’re in a trade as we write this! We have
traded the same 3 systems since 2004 and have backtested it 2 years prior to
that. We firmly believe that trading profitably should be measured in dog years
where 1 year of trading is 7 years of your life.
OK, the previous question was a trap. If you trade full time why do
you sell code?
Outsmarted on my own FAQs. We should have seen that coming. This is
a great question and frankly, it’s the first question we ask when we see experts
selling trading advice/signals/mentorship/coaching. I have thought about this
a lot. The first answer is that we don’t have to sell code at all. We spent a
lot of time developing the code while not working or trading. It is rewarding
to know that a few people have found my work to be of value. Even more rewarding
is for me to see someone trade the system, turn around their account, and trade
with confidence. We keep in touch with practically everyone who uses the system
and we truly enjoy seeing their positive results. Trading is a lonely, boring
business. We relish the contacts we’ve made and the friendships that have developed
by offering my systems to others.
What other systems do you have?
We don’t have any other systems or secret signals. We have found that the more
we focus on trading one system, the more profitable we become. The charts that
we send you to get started are the actual charts we use for our personal trading.
How many people are using this system?
We sell a very limited amount of code. Usually 1-5 copies per month.
When someone trusts me enough
to purchase code we take that commitment very seriously. We will work to help
you understand and trade the system successfully. That support takes time and
commitment from all of us.
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