Let's adventure with the market sages! The Always-Winning Jungle Cruise [Episode 6] Mr. Blind Spot FX
[Episode 6]
Blind Spot FXMr.
・Veteran developer who targets the blind spots in trading
Blind Spot FX has been trading FX since before the Lehman Brothers collapse. In that process, he researched and tested various methods.
“I think I’ve tried almost every method called FX strategies. Of course the results were varied, but what I felt in the process was that programs have limits. Of course it doesn’t mean you can’t win with programs; it is a limit in terms of efficiency. How to overcome that could be said to be the starting point of my ideas.”
・Time-efficient trading
So, what kind of efficient trading does Mr. Blind Spot FX envision?
“I think it’s important to minimize trading time as much as possible. I also don’t want to waste time, and there are particular patterns in when prices move, so targeting only those can reduce risk. For example events like economic indicators.”
・Systems aimed at indicator releases
Blind Spot FX releases such ideas as products. Among them, ‘Indicator Release Trade Dedicated MyPyramid’ is arguably his flagship work. So what exactly is the “Indicator Release Trade”?
“Economic indicators are released at specific times, and you trade by timing that moment. Especially for widely watched numbers like the U.S. employment data, if there is a surprise, it moves a lot in that instant, so if things go well you can profit in an instant. There are various methods, but in ‘Indicator Release Trade Dedicated MyPyramid’ there is a system that places stop orders just before the release in both directions. You can also enlarge profits with pyramiding, and you can adjust position sizes accordingly.”
By the way, the sales page for ‘Indicator Release Trade Dedicated MyPyramid’ also explains concrete methods and mechanisms. If you’re curious, it’s worth checking out.
・Nothing is perfect
Moreover, Blind Spot FX says that nothing is perfect. Even if it’s an EA, reckless trading will lead to ruin.
“Whether system trading or discretionary, if you perform effective trades that fit your means without letting your guard down, profits will come naturally. In that sense, mental control is crucial, and if you grow proud after making profits you are still immature. Conversely, after making large profits you must be careful. Experience shows that after a big profit comes a big loss.”
Blind Spot FX has also experienced many such complacencies. He called it ‘万能心’ (the all-powerful mindset), which I think is a fitting description. No one can remain invincible in the market. It is exactly that hubris that invites punishment.
•MyPyramid Indicator Release Trade Dedicated Edition
•Rand/Yen Personal Pension Strategy EA_V2
