Daniel Honorowski is a full-time trader whose personal trading account has increased by over 90% since April '06 (interviewed in July '06). Before becoming an independent full-time trader, Mr. Honorowski worked as a loan officer at Kennedy Mortgage for 3-years in Las Vegas, Nevada and is currently living in Savoie, France. Mr. Honorowski is completely self-taught. He does not have a college degree, learning his trading skills from hands-on experience and reading books such as Computerized Trading (Jurik) and Day Trading the Currency Market (Lein). He used TradingSolutions for six months prior to starting live trading and primarily trades FOREX using 2-hour bars.
For his model building process, Mr. Honorowski builds his FOREX models based on custom indicators he designed along with Jurik Indicators for TradingSolutions indicators such as Zero-Lag Velocity (VEL) and Jurik Moving Average (JMA). He also uses several built-in statistical indicators such as Standard Deviation, Linear Regression and Variance during his modeling process. Mr. Honorowski uses the default Time-Lagged Recurrent network topology for majority of his models as well as trying others, such as the regular Recurrent Network.
Mr. Honorowski has pretty high standards when it comes to choosing whether or not to trade a model. Some of the requirements he seeks in a model are:
- Percent Wins > 75%
- Average Win / Average Loss > 175%
- Linear Equity Curve (out of sample testing)
- Maximum Consecutive Losers Maximum Drawdown Sharpe Ratio > 3
Currently, Mr. Honorowski is trading the New Zealand Dollar/U.S. Dollar with a 5x leverage and his four most recent trades alone have yielded 4.46%, 5.31%, 13.28% and 20.60% returns with an overall 77% wins since April '06! *
Mr. Honorowski said he "Absolutely loves the software (TradingSolutions)" and "Would recommend it to anyone and everyone". His favorite features are the Optimal Signal technology along with the neural network modeling. He likes that TradingSolutions was "non-blackbox" with all of the settings and parameters he had control over and said that it was "hard to beat TradingSolutions optimization results".
This clearly illustrates that you do not need a PhD in Mathematics or an Engineer to take advantage of the powerful features TradingSolutions has to offer. We would like to thank Mr. Honorowski for sharing the details of his system, and we wish him continued success.
Testimonials disclosure: Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.
*Trading currencies is very risky and you may loose all or some of your investment. Past results are not necessarily indicative of future results. More risks of FOREX trading.