This is interesting. Apparently it is not OK if the small guys take advantage of a big guys faulty algorithms. Good to know since the markets are being manipulated on a second to second basis by HFT firms frontrunning and flash trading. We have to be careful so that our trades doesn’t make the computers trade badly, because it isn’t supposed to loose. If it does it is clearly because it was manipulated. Come on, this is ridiculous. Clearly the algorithm used wasn’t tested enough before being put in production. Thank the Norwegian guys for finding the flaws and fix them, don’t take legal action like a sore loser.
Check it out: http://www.computerworlduk.com/news/security/3244186/norwegian-traders-convicted-for-outsmarting-us-stock-broker-algorithm/
I hope my trades never “cheat” a big players software so I get sued too…
I don’t know I really meant to but it seems as if I publish monthly performance of my scalper account at JadeFX somewhat regularly now, so why not continue. It was quite a rocky month, with two big drawdowns (one huge at about 11% lost equity), but overall this account managed to grow 16.62%. I am very happy with this result since I have been taking less risk that in July and August and still managed to match the performance of August (in July the account grew 37%, that will be hard to beat for sure).
The scalpers traded on the account is MegaDroid, Forex Shocker, FAP Turbo, The Channel Scalper and RSI MA Scalper. The main moneymaker is still The Channel Scalper on EURGBP (both v1.12 and v1.13 with different sets), but RSI MA Scalper on EURUSD is doing very good also. I hope to introduce XBars MA Scalper on GBPUSD and EURUSD this month, they are demo trading still. Main focus of my scalping is on the low spread pairs with good execution like EURUSD, EURGBP, GBPUSD and USDCHF. I have dropped EURCHF and GBPCHF, the spread and execution is not as good as the others.
