Wallstreet Fx Robot | What's Your Flavor?

Wallstreet Fx Robot. Hello all, today I want to discuss the 3 different ways to use Wallstreet Robot to trade successfully in the forex market. First we have the lower draw down settings or "eur33 and gbp30" settings. These settings are adjusted in the "use settings from" in the properties of the expert. This setting is best reserved for accounts which have a large amount of capital as the DD is lower and the return is lower. You can make a boatload of cash with this setting with a large start up capital. Let's look at its performance below to date.

Now let's look at the Wallstreet 1000 settings. This setting is basically the standard out of the box settings with the "recovery" set to true. This I believe is the best setting for someone trading with lower capital and a higher risk appetite. Just change recovery mode to true and let it go! Let's take a look at how this settings has been performing;

And finally we have the stock "out of the box" settings which are the default settings. This is the longest running setting that the robot has to offer. This setting is best suited for someone that has a medium risk appetite. We can view its performance below;

As you can see with either version we really can't go wrong with whatever setting you choose. determine your risk appetite and how much $$ you want to trade with and let her do her thing!

WALLSTREET FX ROBOT WEBPAGE TO LEARN MORE

BUY WALLSTREET FX ROBOT SINGLE LICENSE SAVE 20USD

Metatrader | Is This Still A Good Platform?

Hello everyone! today I will discuss the metatrader trading platform by Metaquotes. This platform has been around for quite some time now. It is still considered cutting edge I suppose, but I find it flawed in some areas, you can expect numerous updates. There is a strong community of traders that support the development of expert advisors, which is why so many traders will be using this for quite some time to come. The current version is 4 or MT4. There is a MT5 that has been in development for awhile now.

MetaTrader 4 combines an accessible, user-friendly interface with a wide range of powerful of functions, making it a highly flexible platform. It enables to easily and efficiently manage the set-up of traders' groups, financial instruments, databases, data feeders and many others. The Introducing Brokers (IB) service is also available. With MetaTrader 4, you can easily set up an efficient network of your company branches and manage it with a great deal of accuracy.

There are also numerous plug-ins and scripts to automate just about anything you wish. This I believe is one of the platforms strongest suits. Below is a flow chart on how the terminals are set-up.

You can also perform historical backtesting on MT4 dating back over 20 years. At time of writing though you cannot perform tickdata backtesting unless you import the data from a broker(which can be a tedious task), which is much more accurate than 90% modeling quality backtesting.

I really hope that development of the MT5 platform takes off soon, as I have heard it is less "buggy" and much quicker when performing tasks. Let's see how long the MT4 platform lives.

Hot Penny Stock Picks | How To Trade Them

Hot penny stock picks and how to trade them. Hi everyone, I am going to talk about something a little different today. I usually like to rant about a forex strategy but today I am going to tackle the "penny stock" arena.

So the claims are huge, "retire a multi-millionaire with 1000USD" that is what he tells us. Let's try to figure out if there is any truth to be had here. Penny stocks are very similar to trading any other stock like say coca-cola or disney, but the big difference is that penny stocks are "bought" at a much lower price because they are a new stock with lower market "worth". This enables someone with lower capital to buy into a company that is brand new to the market in hopes that the company will take off into the "stratosphere".  I remember when the company "Snapple" first entered the beverage market about 25 years ago. I would imagine that their stock was a penny stock back then. I have heard that many people made a killing when that company hit it big. But this is a good example of what a penny stock can offer an investor with lower capital.

With this being said now we know what a penny stock really is. This type of trading is called "speculative" because there really are no market indicators at the time of buying the stock. Thus we cannot really make an "educated" type of trade. If we "feel" the stock is a good one and will take off sometime in the near future, we thus will buy the trade as a "penny stock".

The penny stock egghead appears to be one of the better signals for when to buy an up and coming penny stock. Heck the webpage even has the companies address at the bottom (highly unusual but credible indeed).  the company will take your hand and walk you through the whole process of buying the stocks.

I personally have not tried to invest in penny stocks myself, but I am seriously considering joining this program to get my slice of the pie.

THE PENNY STOCK EGGHEAD STOCK PICKS

Fx Breakout EA | Best Forex Robot?

Hello everyone, today I would like to present a new EA from the team that brought us Forex Overdrive and Fx flash. This one is a breakout EA hence the name. So without further ado lets investigate shall we?

By definition a breakout EA will hunt the market for a "breakout" or when the price moves sharply in one direction and gains momentum. Many times this type of strategy will take many smaller loses in its attempt to "find" the breakout. This does not seem to be the case with this EA. When we look at the 99% tick data backtests for this EA we can see it has a high hit rate which is rare for this breed. (89% for the EURUSD and about 96% for the GBPUSD.) This is definitely a refreshing change indeed. Kudos to the team.

It is also pretty rare to present a 99% tick data backtest for a breakout system and I don't know why this is the case (maybe because most fail miserably at some point). There is a forward test but there is no link to verify the account. We are only provided with a pic.

Interestingly, when I looked on Myfxbook for the above account I could not find this account! only the users name was present. So at time of writing we have nothing to follow.

Here are some more of the highlights;

>Removes emotion from Forex Trading
>Generated insane Million Dollar Profits… 250 Dollars to 10.7 Million in 6 years!
>Utilizes a breakout Strategy… More Details below
>Works on both EURUSD and GBPUSD – Both versions are included for a single low price.
>Incredible Win Rate – 9 Wins to Each Loss
>Has Low Risk. NO Martingale – No longer will you see large account blowing loses.
>Has intelligent Money Management feature that allows you to adjust risk based on your own needs
>Has Excellent Support- Quick and detailed solutions to any problems that you may have.
>Has a very low price tag!

This one shows some promise but the lack of a real account to follow bothers me at this time. Hopefully we can see a live trading account soon to monitor its performance.

BREAKOUTEA

Forex Trendy | Options For Income - Great Tool

Forex trendy has many options for income. Hello everyone, today I will review a Forex tool and not a forex system or EA. This is a great tool for someone that likes to trade the markets manually. The name Forex Trendy actually describes the system quite well. The system will scan up to 34 charts all with different timeframes to find charts on pairs that are trending the best. This is a great tool! This will save the trader oodles of time looking for the best trade and timeframe to trade.

You can also use this with various expert advisors that trade the trend as well. Just fire up the tool and wait for favorable market conditions, then activate your robot and sleep well!

The system will also draw trendlines, wedges, triangles etc for you from which to trade from.

Live charts of emerging patterns and the history of completed patterns.

Forex Trendy uses sophisticated algorithm to consider which trend line or pattern looks better – with more touching points, etc. Many traders don't do this correctly! Chart pattern recognition is included in Forex Trendy for no extra fee!

In summary this is a great tool that does a lot of the hard work of trying to find the best trend for you. anytime we can free up precious time, this is a good thing! You can also set this up to send SMS signals and email alerts as well. Time to amp up your trading style!

CLICK HERE FOR ACCESS TO FOREX TRENDY!

Foreign Exchange Trading | What Are The Options?

Foreign exchange trading what are the options? Hi everyone, today I want to discuss what the options are for anyone interested in trading the currency market aka Forex market. If you are just starting out, one must ask themselves a few questions.

>How much time daily do I have to trade?
>What is my risk appetite like?
>Do I want to trade manually or let a "robot" trade for me (autotrade)?
>How much am I prepared to lose(because you will lose at some point)?

The last question ties into your risk appetite. Your risk will undoubtedly change based on your start-up capital. Let me provide an example. If you are starting to trade with 200USD you may want to increase your risk higher than normal because you are "only" trading with 200USD. But if you are trading with 200K USD, you can lower your risk to let's say 1 or 2% of you equity risked and still make a decent amount of money. Its all relative based on your capital. Easy enough right? Ofcourse there are more variables involved as well like your risk to reward ratio. For example, if you are trading with a Stop Loss of 50 pips and a Take Profit of 50 pips, then your RR ratio is 1:1. Over the short term this may be OK but to lower your risk I would say try to hit a RR of around 1:2. So you might set your Take Profit at 100 pips and your Stop Loss at 50 pips.

So if you decide you have enough time to babysit your trading account, then you will opt to manually trade your account. There is a lot of different ways to manually trade your account, which I will save for another post to keep this brief but, here is a simple, effective, and easy way to trade manually.

If you decide that you want to let a robot trade your account, then you will have a number of options. Many of the options will be poor ones, but if you look hard enough you will find the best options for your trading style. If you wish to see the best options for autotrading your account, well you are at the right spot. Let me offer you the best options here.

You see readers of this post will benefit from my "growing pain" trading the FX market. I am providing the best options for you here today. And I am not asking you to "subscribe" to anything like some other sites do.

In summary I would like to say welcome to trading the FX market. One can expect many challenges, but I hope this post has made life a little bit easier. Happy Trading and Happy New Year.

A Sound Manual Forex Trading Strategy

A sound manual trading strategy. Hi everyone, you may have time to manually trade your forex account, and for those I wanted to share a simple yet effective way to trade without an expert.

Support and Resistance Trading

This is about as easy as it gets, yet many traders try to complicate trading with many indicators drawn all over their chart. Let's have a look at this chart. This would be a trade set-up for a "long" trade or a "buy" trade.

In the above example we would have a profit of around 28 pips. Not bad at all. Now depending on your risk appetite you would probably want to put a stop loss around the start of the support line. This would protect the trade in the event of a severe reversal or news event.

If we mirror the above chart the same can be used for a "short" trade or a "sell" of the market. The line would actually now be called a resistance line. When the price moves up and closes around the resistance line, we can place our order. You will notice that the price bar will not always close on or near the line. This is common and generally not a good time to enter the market. Look for the bar(candlestick) to close around the line.

I hope this illustrates a simple way to trade the market if you have the time to "watch" the market. Otherwise a solid expert advisor is probably your best bet, as you may be missing trade opportunities. Happy Trading!