The System, and auto trading

I have my system pretty much tuned for end of day and 1 hour FOREX (foreign exchange) charts. Why Forex? It's none stop data almost all week long, with no gaps (hardly). I started out using FOREX data just for testing, but lately I have traded it with success, although small success. I haven't gone full bore yet.

I have also been writing code for auto trading Forex through Interactive Brokers TWS platform, using Amibroker. I currently have a P3 laptop set up doing just that all day long. Windows Debug is also running, logging everything that happens. IB offers a 'paper' trading account, I'm using it for testing.

Technical analysis is an important part of my trading plan. To ensure I honour my stops, I figured that a auto trading platform would work well. It would not only get me in at the right time (defined here as buying based on signals and not emotions), it would also get me out on a stop that is pre-defined, without my second guessing. Since Forex is very liquid, placing stops on IB's TWS does not concern me. The stops aren't place at the typical levels either.

One of the things I had to do when setting up the auto trading interface was to draw out a block diagram, a decision tree. I go long and short (no up tick rule either). I discovered that there are many different things to watch out for while planning this out. Something as simple as exiting a position when I get a reverse signal, what to do?

I'm not ready to go live with the auto trading interface yet, but I have gone live with the system on a end of day time frame. In the coming weeks, I'll be posting screen shots of the system, as seen in previous posts, but tweaked with some new things on the screen.

To help me develop the system and auto trading platform I have been using Yahoo groups and Herman;s website, Amibroker.org/userkb, a great resource.

I'm interested to know how many readers have ever tried Forex and what their experience with it was?