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.

Wallstreet Forex Robot Limited Offer! | Get It Fast!

Good day, Apparently the folks over at Wallstreet Forex are running a quick promotion. If there were any doubts they are the developers of the Omega Trend EA, those doubts are now erased!

If you purchase the WSFR now you will get the Omega Trend EA Indicator completely free of charge. It is now common knowledge that WSFR is one of the top performing robots for over two full years live trading.

Here is a screenshot of what the indicator looks like;

This is not an automated signal service. This can be used as a tool for manual trading ANY instrument. My experience with these types of tools is mixed, but I do like the fact that it will work on any instrument and ANY time frame. I would recommend use on the Eur/Usd pair.

It is unclear how long this promotion will last. One thing is certain, this is a great addition to an already wonderful robot.

BUY WALLSTREET FOREX ROBOT WITH OMEGA TREND INDICATOR

MyFxbook Autotrade Update | More Demo Accounts!

Hi guys, it seems the Autotrade feature of MyFxbook has been worked on by the team to offer more demo accounts. You can now test up to 5 demo accounts with your chosen strategies. Here is the response from the team;

"Many users of our AutoTrade solution asked for multiple demo accounts for test purposes.

We’ve been working hard on AutoTrade for the past few weeks and as a result of our hard work, you can now open up to 5 demo accounts simultaneously to try out different combinations – keep in mind that accounts do not expire, so you can move to a live account only when you’re ready.

We’ve been also adding more providers during the past few weeks and at this time there are 30 different providers to choose from – you can either subscribe to one provider or a few, to build a balanced portfolio of providers. Full list can be found here

More AutoTrade features will be added next week – if you have any suggestions or comments, do let us know so we’ll make sure to include it for the next release" 

More features will be added next week so be sure to come back here to witness all the goodies!

Automated Forex Trading | What's Your Style?

Hi guys, today I want to discuss how to choose a strategy that trades on autopilot for you. More precisely finding a system that trades like you would manually. Ask yourself "what kind of trader am I", or "what's my trading style?"

Many new traders look for a EA that is very popular in hopes to "get rich quick". This is the wrong approach to trading any instrument, especially Forex which carries more risk. We must think "outside the box" just a little bit. Let's not trade a strategy just because everyone is doing it.

So how do we find a strategy that is good for us?

Make a list of what is important to you with the following parameters in mind.

1. Profitability(Win%).
2. Market exposure appetite(how long in the market).
3. Risk Appetite.
4. Trading style(scalper,breakout. etc.).

Once you determine these factors, you can move forward in your search. For me, the most important factors are trade win% and frequency of trades(capturing numerous opportunities). I have found that my risk appetite has improved over the years. Most likely this is due to my understanding of how the market behaves.

You too will become more comfortable trading if you find a strategy that performs well to your style of trading. I believe this to be very important to be a successful trader.

THIS IS A STRATEGY THAT SUITS MY STYLE

Volatility Factor V5 | Impressive Results And Discount

Volatility factor V5 impressive results. Hi guys, just a quick note about the recent performance of Volatility Factor V5. It seems this newer version is really hitting all the right notes. Over 1000 pips in just three weeks of trading! 200 pips can be had in just one day's trading time.

Everyone is talking about this newer version by the creators of WSFR.

Here is a look at the specifics directly from the vendor.

+1057 Pips Live Profit for 3 weeks!

The robot continues to open profitable trades.

+200 Pips only for yesterday (June 20, 2013)!

These guys are solid EA developers and they are currently having a promotion of 50% discount off the
regular price!

Below is an updated screen shot of the performance. Notice the low DD!

I believe this to be one of the better systems available now. The support for this system is second to none. If you have any doubts, or concerns just email the vendor with support@volatility-factor.com. They will respond quickly.

If you are considering trading this strategy, now is a great time to do so.

LEARN MORE ABOUT VOLATILITY FACTOR