• Hello Interested People,
  
  First an update on ZuluTrade. My first demo account pretty much hit bottom last week when there was a margin call (meaning I didn't have enough money in my account to cover all the drawdown on trades still open hoping to turn around.)
  
  So I opened a second demo account and started over with much fewer signal providers. In less than a day, I had won over 133 pips using Bigwin and FX Fila Pea only. No open trades, no losing trades, no drawdown.
  
  Avoid FXranger at all costs! They also emptied out another demo account in less than a week, singlehandedly.
  
  I really like the idea of ZuluTrade, but until we really test out these signal providers, there is no way I will go live, not even with a small amount of money.
  
  I will keep you updated. Please do let me know how your testing goes as well!
  
  If your account hasn't done well, open a new demo and choose from among the providers shown as you hover over the accounts shown on the home page under: TOP LIVE ACCOUNTS & HOW THEY DID IT
  
  Step by step to set up a demo account can be found here:
  http://zulutrade.interestedpeople.com/
  
  =================================
  WTA - Winning Traders Association
  Learn how to trade forex using a REAL $1000 trading account of THEIR money!
  
  If you are interested in learning to trade forex manually, this is a group of traders that will teach you AND put THEIR money where their mouth is. You pay $39 per month for the training, and they give you access to a live account funded with $1000 that you learn to trade with. Not a demo, but a live account. You are not responsible for losses, and you get 25% of the profits you make each month.
  
  I think this is a GREAT price on a GREAT service. It should easily pay for itself each month as you learn to trade from these pros.
  
  More info to sign up here:
  http://www.marketerschoice.com/app/?af=992702
  
  I may or may not take the training myself. I am not sure yet if I would have the time for it. But I know some of you have the itch to learn and go beyond the robot trading, so when I saw this, I thought of you!
  :-)
  
  Original info I received:
  Frankly, at first I couldn't believe their offer.  They want to give you $1,000 of THEIR money to trade FOREX.  Be sure and listen to Larry and Gary's testimonies.  Weekly winners with their settings shared with all of us!
   
  Many of us have spent thousands on software and trainings for this.   I know I darned sure have.
   
  This is an extremely time sensitive offer.  If you ever wanted to learn to trade the Forex Market (the LARGEST market in the WORLD) NOW is the time to do so!   A little known Forex Community just launched a program to a limited number of people where they will put $1000 real money into an account for you to trade. They will share strategies with you to learn how to trade the money and YOU get to keep 25% of what you make!  And you are NOT responsible for ANY losses, should there be any.
  
  You can learn a skill no one can take from you, but also pocket hundreds if not thousands per month in residual income.   There are only a few positions left and the price to participate is going up but right now you can get involved for less than $40.00 if you act fast!
  
  It is $39.95 per month and soon is expected to be $49.95 per month.  The best thing is that, for that price, it is worth it if you can learn to trade successfully and since they have a vested interest in you becoming successful, your 25% of the profit on your $1000 account should easily cover the monthly cost.   I call this a win-win.
  
  http://www.marketerschoice.com/app/?af=992702
  
  ==========================
  
  New Robots:  EuroBlaster, Forex Derivative, and RoboMiner
  
  As always with these robots, I will provide support, install them for you on your VPS, and manage your platforms if you want me to. You can do this totally hands off if you like, which many do with my help. So if you feel technically challenged or completely lost in the forex world and don't want to learn, but DO want to take advantage of forex investments/income, I will absolutely help you. Just contact me if this is the case. This is a service I provide at no charge. But I do ask that you use my links to purchase the robots and subscribe to the VPS service, that's all!
  
  
  EuroBlaster has been tested by a colleague and she is satisfied with her live results so far. This is a new robot and is only $89. On the site, you can see live results for different brokers, including FXOpen and IBFX (the two I use). I will be purchasing this one myself and will let you know my results. But I trust this woman who recommended it. If she says it works well, it does!
  
  https://www.e-junkie.com/ecom/gb.php?cl=61088&c=ib&aff=69128
  
  Forex Derivative is a new one and very HOT.  I will be testing along with my "mentor" so I have no real results or recommendations to share with you yet. If you decide to try it, please do share your results with us!
  
  http://f1433e9wdi-63nf8z5kiup9u0q.hop.clickbank.net/
  
  RoboMiner is not new. It is tried and tested and gives fabulous results! You can even demo it without purchasing it! The drawback to this robot is that it is expensive ($497 lifetime use, or $39 per month subscription) and that while it rarely loses, it can go into very large drawdown while waiting for a trade to turn around, so you need to use it on a micro account OR have a large account balance to cover the margin required for the drawdown. So this is not for the "recreational" trader starting out small hoping to build up into a residual income.
  
  From the site: What is the Minimum Balance recommended to trade this system?
  For a standard account that allows you to trade .01 lots, $2,000 is the recommended minimum balance, $2,250 or $2500 would be even better if trading only one currency. For that standard .01 lot starting point using both currencies, use $3500 as a minimum and higher is still safer. For a mini account (10000 lot size) with the ability to trade .01 lots, then you could start with as little as $200, although $250 would be better.
  
  http://www.forex-goldmine.net/?aff=3489
  

  Sign up for the demo account to get started.

  
  FAPTurbo and MegaDroid:
  
  MegaDroid is still performing like a champ! You can see my results here: http://suzannaibfx.mt4stats.com/
  This account was in top 30 of the IBFX trading contest this month and was number 50 last month. No crazy profits, but nice and steady. You'll see we had a loss last week, but it was practically totally recovered with the next trade.
  
  Mega doesn't trade very often, but it trades very well. 95% success rate... really amazing backtesting and live trading too! Because it trades so well, you can use larger risk settings than you would with other robots. I had my account on a 60% risk level, but then reduced that to 40%. This is very high, but I feel comfortable with it. This is a personal choice of course!
  
  More details, results AND set up instructions here:
  http://megadroidmakesmore.fapturbomakesmoney.com/
  
  
  FAPTurbo I had FAP on hold for the last month or so. But they have added some new features that really have made it much less risky. The one big default with FAP is that the risk/win ratio is not great. It wins a lot of trades, yes. But the amounts are small... compared to what happens if it hits a stop loss. It can wipe out a week or more of wins!
  
  With the new version, while the  algorithm is still the same, they have made the stop losses much smaller. And they also made a change in the way the trades close with a small loss instead of staying open indefinitely trying to get  into profit... dragging into the main trading hours, which is how the  stop losses usually got hit before.
  

  How it works now is that it will essentially cut the trade at a small loss if it has been open for a very long time. FAPTurbo does this gradually over a period of time. For example:

  After 60 minutes FAPTurbo decides not to aim for its full take profit and to settle for a take profit of 3 pips instead.
  

  After 140 minutes FAPTurbo decides to settle for a profit of 1 pip.
  

  Until finally after 240 minutes or more of having an open trade hanging around FAPTurbo tries to exit for a 4 pip LOSS.
  

  This allows us to avoid the large stoploss on some of the trades which are weaker and so might not make it to their full take profit.
  

  Now, it could still happen that a trade can go in the wrong direction and never look back, hitting the stop loss before the robot can put any of these rules into action. The good news here is that the stop losses are much lower now, the infamous ouchy EurGbp for example is now stopped at 36 pips ($36) instead of 180!
  

  New stop loss levels are:
  Eur/GBP  36
  Eur/CHF  53
  GBP/CHF  75 (I use 60 though)

  You can use one or all of these pairs if you want. My fave pair is the eur/chf, it trades like crazy and usually wins. PLUS, I let it trade longer than the other pairs, because it wins during a longer period than the others do.

  That is  the other thing, is that I have custom trading hours for all the  pairs, to avoid any trades getting opened and not being able to close before the regular trading hours start.
  

  The reason we had the larger stop losses before is that sometimes it  is GOOD to give the trade room to go up and then back down.... just that sometimes it never goes back down... and SOMETIMES with a lower  stop loss, you will hit the stop unnecessarily and lose the 36 pips when the trade can actually go back into profit easily.
  

  But they have optimized these new levels given the current market  conditions, not all market conditions from 1998... just since January I think.

  And this is GOOD for us because while FAP backtests great, it has been performing badly since January (off and on) hitting those big stop losses way too often.
  

  With the new rules about closing trades and my own custom settings, I am once again trading FAP on my accounts at both IBFX and FXOpen with good results.
  

  http://fapturbomakesmoney.com/
  
  OK, enough forex! I hope this has been informative and helpful to you.

  Now I need to go do laundry and get ready to BBQ. I thank you and wish you a fabulous weekend!
  

  Happy trading next week,
  Suzanna
  

   

   

   

   

   

   

   

  May 31st, 2009 at 5:49 am

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