Monday, May 19, 2008

Programming Update

The coding for the auto trader has been completed and the testing begun. Of course there are glitches. We are first running the program through every conceivable scenario. We want to see how the program reacts to a wide variety of market conditions and signals. I am in the process of opening a "mini" account at FXCM so that live testing can begin this week with a small account. Once we believe the program is reasonably stable, we will test it live on our mini account until our comfort level allows us to trade a larger portion of our own money. At the point when we are completely confident trading all of our own personal money, we will offer managed accounts again.

As for a timeline. It is a tough thing to know because we don't know what unforeseeable bugs might arise in the code. But we do feel we will have an auto trader sufficiently stable by tomorrow to begin live testing our "mini" account.