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.

MACD Turbo V2.0 | Excellent Free EA

Hi guys, so this is a Free EA from XeroFx. It trades on the H1 time frame of the Gbp/Usd pair. It can be traded on the other majors, but it would need optimization.

I ran a quick backtest of this and I must say I was impressed. I paid money for EA that were MUCH worse than this.

Take a look at this quick backtest.

Yes I am aware that this is a small sample size, but heck the thing is FREE. I will probably run a longer backtest when I have the time to do it. : )



I adjusted the TP to 150 pips and the SL to 100 for the test above. Everything else is Default.

If you are just starting out trading Forex I would HIGHLY recommend you download this expert and put it on a DEMO account to get a feel for how it trades. You will definitely get your feet wet with this one.

I may actually use this on some real money in the future. After I run a longer backtest I will make that decision. Until then I will play around with this one for a long time to come.

MACD Turbo V2.0 Free EA

Fx Flash | Trade 7 Pairs for $47

Hey guys, Well here is a Forex Ea bargain if I ever heard of one. With Fx Flash we can trade 7 currency pairs for a mere $47.

This one is brought to us from the makers of the Forex Overdrive System. It is a scalper by nature and can either be traded on the 15 min time frame or the H1 time frame.

What about backtests?

There are 99% modeling back tests available for each of the 7 currency pairs that are supported by the vendor.

I really like the diversity of the 7 pairs with this EA. This reminds me of the Wallstreet Forex robot, with tighter stop losses. Note that tick data goes back to 2007 only so we can not achieve a 10 year backtest.

Now lets take a look at the live trading results below.

So far so good, but at time of writing this was a small sample size.

There are supposedly 16 different versions that can be traded with this one, but only 7 are recommended and supported.

You may remember the Forex overdrive with its very poor risk to reward ratio. I like this one from the team because it has a much better risk to reward ratio indeed. Heck for only $47 it probably is a no brainer!

FX FLASH PRO 2.0

Forex Growth Bot Josep Settings | Worth a Try?

Hi Guys, I have recently started to trade Forex Growth Bot on one of my accounts using "Josep" settings. These settings are from a Forex Forum member that has tested these and released them for the public to use.
Below are these settings:

FIFO=false;
ClosePreviousSessionOrders=2;
Assign_PT_and_ST=false;
InternalControl=true;
ManualTradeControl=false;
MaxTradesPerSideAllowed=99;
BotComment=”Forex Growth Bot M15″;
FastVolatilityBase=3; SlowVolatilityBase=60;
VolatilityFactor=3;
ProfitTarget=0.36;
StopLoss=0.17;
ProfitLossVolatilityBase=50;
SmartExit=false;
TrailTargetPips=0;
TrailPips=0;

The above settings are from the "advanced" version of FGB. But you can still trade some of these settings with the "basic" version. Below is what you can use for the "basic" settings

FastVolatilityBase=3; SlowVolatilityBase=60;VolatilityFactor=3; Smart Exit=False

With these "josep" settings the robot will not open as many trades so the draw down on your account will be lower. Thus we can use larger lot sizes to achieve the desired profits while still keeping draw down to a minimum. I recommend .01/500USD with these settings.

Below is a screen shot of my account. 

This is a small sample size but it is just to give you an idea of what to expect.

Forex 1000 Pips Rita Lasker | Did She Finally Get It Right?

Hi guys, here is yet another Forex EA from Rita Lasker. Here you will find the usual colorful webpage, but did she finally get it right with this one?

This EA appears to trade the Eur and Gbp on the H1 time frame. What I like about this one though compared to her other experts is that it follows Fibo retracements to close out trades. I should also mention that it is a trend following system as well.

RITA LASKER 1000 PIPS EA

"Ideally, Forex1000pips is custom-made for traders, who prefer to trade from time to time. It’s for those, who don’t “submerge” themselves fully in the business of trading. It’s perfect for those, for whom it’s not so important to get exceptionally high, but episodic earnings, but for whom it’s highly desirable to have a STABLE income that would systematically take place on a continuous basis."

The statement above was taken directly from her website. I am not really sure what she means by "those who trade from time to time" I want something that trades good ALL THE TIME!

Aside from this my other major gripe from the new EA is the lack of an account from the vendor. I am not surprised at this as the vendor has not done this with her countless other Forex products.

I don't know about you but I bet there is a good reason why there are never any account to follow from this vendor.

Update: 2-18-2013 EA is off to a great start check the statement below!

Note: this account is trading 3.00 lots on a 10,000 account which equates to about 30% Risk per transaction!

My Forex Growth Bot Review | Performance Last 2 Months

Hi guys, well I must say I am quite pleased with the performance of Forex Growth Bot over the past 2 months. My account is running at about 3% monthly gain with only 5% DD!. While 3% monthly gain is not that noteworthy, it IS impressive in relation to the drawdown. Take a look at my account below!

It is quite apparent that the trading results can be rather choppy and flat, then it really catches a strong market movement and rides it for a large pip gain.

I highly recommend this EA as it is a very sound strategy. I recommend .01 lots per 1000USD.

Regards

Forex Invest Bot | Bags 468 pips WOW

Hi guys, well this is certainly an eye opening performance from the Forex Invest Bot. Today the EA bagged 468 pips during a long trading session. The Euro has sank and the EA has taken full advantage of the sinking market.

FOREX INVEST BOT

Please take a look at the vendor account screen shot below!

The system is designed from the Forex Growth Bot EA Team. Boy I sure hope this kind of performance continues as I will be following the account very closely. It would be great to here from other users of this system what their experience has been with the EA?