*Interested People* Forex Goodies
May 31st, 2009 at 5:49 am
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