Wildfire EA | Range Trading On The Euro

Good Day. Here I want to discuss the Wildfire EA. This is a range trading bot similar to the Volatility Factor EA. The concept here is simple. Buy when the market moves "X" amount of pips south, and Sell when the market moves "X" amount of pips north.

Given that the Euro has not been trending well lately, (which is why many "breakout" strategies are failing now) logically this might work. Supposedly this one has a trending element to it as well, in case the market behavior swiftly changes.

Backtests are available on the site, but given the volatility of the markets lately, I wouldn't read too deeply in to them IMHO. More importantly we have some running vendor accounts.

Here we have a low risk account that is barely making any money yet. We can click the widget to follow its future performance.

All of the features are there to recommend this as a solid performer when looking at the strategy reports and backtests. Unfortunately trading the Euro these days is like rolling the dice at a casino.

• Trades on EUR/USD 1-hour chart avoiding the noise, false signals and over-trading that can be problematic with systems developed for shorter time-frames.
• Enters trades on bar-close to reduce broker dependency.
• Target Profit is always much larger than it’s stop-loss giving WILDFIRE a risk/reward ratio of 1:2.
• Places protective Target Profit and Stop-Loss on every trade to safeguard against lost connection to broker, internet, power outages etc… this is critical for serious traders who trade serious money.
• Has an early exit strategy that will close positions before a full stop-loss is hit if the market moves strongly against us.
• Is very robust. Surviving the industry standard 13-year back-test with a draw down under 13% and making over a million dollars. Thrives in the many different market conditions presented over this time span.
• Uses equity based position sizing. Very important for traders running multiple expert advisors or placing manual trades. WILDFIRE reads your current account equity and automatically adjusts it’s position size to accommodate for equity being used elsewhere.
• Optimizing was done on 2000-2008 data, leaving 2009-2013 data for out-of-sample testing. This is done to avoid curve fitting the expert advisor to all available data.
• Trades every signal to avoid “trade chain dependency” -or- hiding losses behind profitable trades.

Please consider informing the readers of this blog if you decide to trade this one. The vendors are solid programmers, so I would not be surprised if this does well in the future. To your success!

WILDFIRE EA BY CUTTING EDGE

Work from Home Opportunity | Trade Forex?

Work from home opportunity trade forex? Hi guys. I have been trading now for a couple years. I have "learned the ropes" so to speak and can honestly tell you there are only a couple of trading systems currently worth trading. The best one I will reveal in this post and is widely known as WSFR. This is the only trading system to withstand over 2 years of live trading results.

You may have heard of the Forex Growth Bot. This trading system was until recently one of the few good systems to trade with. The drawdown this suffered recently demotes this system into the abyss. There are a couple of reasons why I believe this to be the case. See below;

1. Low profitability (< 40% win rate) With a win rate this low you must capitalize on specific market conditions that only present themselves less than half of the time!

2. Diversification - Yes I know the Eur/Usd is the most liquid pair but FGB only performed "well" for a short time on one pair.

3. Poor Code - While the strategy worked well for some time, the code was written poorly and traders complained. Many trades were not closed when they should have been, increasing market exposure! (risky)

THE ONLY TRADING SYSTEM I WOULD TRADE USING LARGE CAPITAL

Let's face it, the only way to make a lot of money trading ANY instrument is to have high leverage and a sound strategy. Leverage comes in two forms;

1. Account leverage (how much you can "buy" against your account)

2. Account margin/capital (the amount of capital in your account)

For example, if we have an account with 100USD and we have gained 50% on this account, we have made how much? 50USD right? not a lot of money in today's world. Conversely, if we have a 50,000 account and have earned this same 50% gain, then we have earned 25,000USD! By the way these are pretty conservative gains as we could realize anywhere from 50%-100% gains annually.

If you have been struggling to find a good solution to earn money from home, I believe this is what you have been searching for. Once you sign up to use this strategy the creator of the WSFR will help you get things all set up! They really are very good at what they do.

Mirror Trader | Any Successful Trading Systems?

Hi Guys, I have recently started trading the mirror trading platform with my FXCM account. I decided to do this because I found it hard to get good results with my favorite trading system WSFR. This is most likely due to the high spreads.

Anyway I want to talk about a strategy known as "Amao188". This is a range trading strategy trading several pairs on the platform "mirror trader". the strategy works best on the EUR/GBP (probably due to the closely related economics with these two currencies).  Through about 200 trades the maximum DD has been around 200 pips, while it has bagged approximately 1200 pips since March of this year.

If this kind of performance continues, this will be one of the best systems to trade. I want to make my readers aware of this.

Those who have a FXCM account can trade the platform using their login details given at time of account opening. You can also trade a DEMO account with this platform if you wish to give it a test drive.