Wallstreet Forex EA | 2 Year Anniversary Discount

Hi guys, I just received notice from the Wallstreet Forex Team of a 35% discount for the next 50 customers

"With the new trading settings - Wallstreet Forex Robot traders will have more tools to use to get the most return from the market."

"These settings are designed with different goals - a lower drawdown, a higher trading frequency, a higher total profit."

"The update proves that this software isn't a "sell it and forget it" product. We stand behind the product and will continue to update it to offer more value to your visitors."

The Wallstreet Robot performs best on the Eur/Usd pair with the "Eur33" setting applied see below:

This account has only realized just under 7% DD over a span of about 1.5 years live trading conditions. If you are looking for a low DD trading option look no further.

The Settings used on the above account are as follows:

Usecustompair=True
Usesettingsfrom=EUR33
Recovery=True
AutoMM=7
AutoMMax=20

It is also worthy of note that the vendor has prepared other advanced settings for the Gbp/Usd pair. At time of writing the performance on these settings were not good

VISIT FOREX WALLSTREET SITE

State Of The Euro Analysis | April 23

Hi guys, recently the Euro has been very volatile and not trending very much. But as we can see below overall the dollar is getting slightly stronger versus the Euro. This type of market favors our manual trading friends, see below.

When the market is raging like this, its basically a "buy low sell high" kind of market. This level of volatility usually does not favor most EA's, unless you are trading a grid system. We all know the problem with grid traders, they are simply too risky over the long term. One big move and you could be facing a margin call.

The above chart was drawn over the past two weeks. Long term outlook for the Euro is for it to begin to rise. Let's hope this forecast comes to fruition. 

Confirmation of a strengthening Dollar can be seen on the USD/JPY chart below.

Tricky Twister EA | New From The Forex Warrior Team

Hi Guys, here is yet another EA from the Forex Warrior Team. This one is called the Tricky Twister EA. Tricky Twister EA is a 2-in-1 EA that combines two complimentary strategies. One of them takes its profits when market is trending, whereas the second one takes profits when market is ranging.As a result, EA is capable of bringing continuous profit practically in all market conditions.

The first strategy (BreakOut) is based on the fact that the price will eventually move either up or down. So, this strategy tries to place trades along the trend in order to take its profits. If the trend is reversed, the trade is closed and the opposite trade (of larger volume) is opened. In this way, the first strategy takes its profits when price breaks out of the channel either up or down. It works best on the trending market. During the ranging market, this strategy accumulates drawdown, which will be compensated (with a surplus profit) when price breaks out from the range.

The second strategy (Range) is a counter-trend one. It opens trades when price moves rapidly and away from its moving average, in the direction opposite to the price movement. This strategy takes profits at the price retreats. If the price continues its directional movement, new trades will be opened against the price movement. So, this strategy uses a variety of the grid martingale algorithm. As compared to many other grid martingale EAs, this strategy can be considered as a conservative one, since (i) the first grid level is placed when price is already far away from its moving average and (ii) increase of the volume of the trades is relatively slow.

The unique feature of Tricky Twister Fx is that the periods of the peaked drawdowns of the two strategies do not overlap! Market can be either trending or ranging at a given time, but not both.This feature allowed us to achieve a much more even distribution of the marginal load on the deposit and a double profitability of the EA as compared to other martingale strategies.

The EA will go on sale in May for around $229. Backtests are impressive for this type of strategy similar to the Forex Warrior.




TRICKY TWISTER EA

TFOT Robot | Strategy Flow Chart

Hi guys, I have talked about this robot in the past but wanted to pass along a nice flow chart that explains everything quite nicely, Let's have a look into the strategy.

Many people have criticized this robot for being a direct copy of Forex Combo EA. It is my feeling that this robot is a bit more sophisticated than Forex Combo. With the implementation of a neural network and a news filter on the scalping end of things this IS more advanced.

There is a long running REAL account started with 10,000 USD real money and it has performed quite nicely. We can view this account by clicking here.

Backtesting of TFOT has proved to be in line with forward testing. Look Below.

Since its inception on September 2010, the real account has made close to 40,000USD starting from 15,000USD!. All of this while realizing only 15% DD.

This is definitely one of the longer running successful LIVE account running on Myfxbook along with Forex Growth Bot.

VISIT TFOT

Discipline When Trading With Expert Advisors

Hi Guys, today I want to talk about the amount of discipline required to trade any strategy. It does not matter what your style of trading is, you will require much disciple to continue to trade successfully.

Most novice traders will pick a strategy they like and begin to trade with it expecting to win each and every trade. Next they have a losing month, (which EVERY strategy has) and they begin to look for another strategy(like the holy grail that does not exist). This process continues until one notices that if I stuck with the original strategy I liked, I would be "x" amount in profit by now.

This is one of the greatest hurdles to wrap you head around when beginning to trade a strategy. If you can find a profitable strategy that suits your style of trading and stick to it, you will be well on your way to becoming successful trading.

New From Forex Shocker Team | Forex Luxury

Hi all, This one is being promoted as a successor to the Forex Shocker scalping system. The Forex Luxury system sells for $179 and is NOT a scalping system.

The system trades 3 pairs on the 1 hour time frame. Take profits are in the order of 10-20 pips. Stop losses are typically around 40-50 pips. So with this being said R:R ratios are around 2:1 so not fabulous.

Below is a forward test of this EA


So far so good, but don't they all look good when they first start trading?

This on is being advertised as not being broker sensitive and NFA compliant for all US based FIFO compliant traders.

What I don't like about this one is the usual pictures of yachts and palm trees that can be found on "scam" forex products. Also the lack of any Myfxbook accounts as well.

But what I do like about this EA is the fact that it trades 3 pairs on the H1 time frame. This should be a better system to trade on alive account than Forex Shocker was.

FOREX LUXURY MORE INFORMATION

Wallstreet Forex | New Gbp/Usd Settings

Hi Guys, Wallstreet Forex has just informed me via email that they have released a new setting for the Gbp/Usd pair. The New setting uses a tight 30 pip Stop Loss and a 90 pip TP!

"After the success of the EUR33 alternative settings, we decided to develop similar settings for the GBPUSD. The GBP30 alternative settings are already available in the "Alternative settings" section of our website.

The new GBP30 settings are very stable and secure, with Recovery Factor=26 and Profit Factor=2.1 for the last several years. For that reason, we decided to run this version together with the EUR33 version on one account (our EUR33 real money account).

Both the versions use 30-33 pips stop loss, so the "Recovery mode" option is very reasonable choice. We will run them with 7% risk (AutoMM=7) on our real EUR33&GBP30 account."

Backtesting of this new setting looks almost as good as the "Eur33" Setting that was previously released.

It would be interesting to run this new setting along with the "Eur33" setting. Although maybe without the recovery mode set to true, as this may lead to excessive DD and possibly a margin call if running with leverage of 1:50.

If anyone is running this new setting please post your experience on this blog. Thank You.

LEARN MORE ABOUT THE WALLSTREET FOREX ROBOT.