Tuesday September 26, 2006

First, about yesterdays trading the software went 1-1 on betonmarkets trading. The USD/CAD was a nice winner. The GBP/AUD was a small loser probably a breakeven on forex trading though that is a hard pair to find in the forex markets.

Second, Someone asked me yesterday a question of... What makes LazyTrading.com different from others and if I had 1 year of backtested results etc...

I wanted to address those questions in this blog as other people might be wondering the same thing. I DON'T have 1 year of backtested results. I have 1 year + of Historical stats/trades of ACTUAL trades I took myself with the software. That is a BIG difference between that and backtested results. Backtesting results aren't always accurate especially when dealing with systems that deal with indicators etc.. (This software does not) As the indicator may be different in the backtest than it was in REAL TIME.

All my results are based on Real Time results that I traded with the LazyTrading software. Most of the results are based on Betonmarkets results though I have listed the results how many pips winner/drawdown etc..
So these are NOT backtested results but Real results I traded myself with the software over the last year +.

Also how is LazyTrading.com different then the other forex systems out there. Well, most of those are just ebooks with peoples strategies. You have to setup your charts and HUNT for trades throughout the day. Many systems if you have 10 people trading the same system will have 10 different entry and exits due to the fact you need to find the trade or need to look for a "BEND" in an indicator etc..

Those that do actually offer SOFTWARE are $100's if not $1000's of dollars or cost $100 a month etc.. Most do not offer 90 day Support LIVE like with LazyTrading.com

With LazyTrading.com Everyone can have the same entry time and exit time as the software is programmed the same for everyone. So you won't be trading the USD/CAD at 8am because their will NEVER be a signal at that time. It is a time based software so you don't have to HUNT all day for the trades. You just crave out a few minutes each day to look at the software and jump on yahoo messenger (if you want to) and trade the software.

LazyTrading is Software and not just an ebook. Yes I do include a small ebook with the software but that is to show you how/when to trade and what are the best days and pairs to trade.
Hope that helps the person who had that question. http://www.LazyTrading.com

On to today's Forex action. The 10am Eastern Consumer Confidence report came out and moved the forex markets a little bit. The USD/YEN had a strong reaction to it.

Tuesdays can be a slow day for the software only 2 really good signals historically on Tuesdays.

GBP/AUD
GBP/YEN

Both of which have about a 70%+ winning rate. The GBP/YEN was a nice 50+ pip winner 2 weeks ago on a Tuesday. We will see how it goes today.

Have a Great Trading Day
Steve