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October 31, 2017 at 11:20 in reply to: Forex strategy, Forex ea or cryptocurrency ea – share with everyone #2552
Petko Aleksandrov
KeymasterMates,
I wish to sahre one forex ea that I have created and it shows really good results. Ops sorry actuappy it is cryptocurrency ea :)
It is on the Bitcoin and it is on M15 chart. Pretty stable results there with Monte Carlo and also on Demo. Soon I will test it on live account as well.
Please see the picture below:Expert Adviser – click to download the EA
Make sure you optimize it with your broker, if you wish to use it.
cheers!Petko Aleksandrov
KeymasterPetko, you are just tresure! Thank you so so much for the answer. I nearly lost hope of choosing a broker, because i read all the time about the scam brokers, reviews from people lost money and so on. And not just I was looking for the best Forex broker, but I was just scared not to put my money with any scammer.
Thank you again!Petko Aleksandrov
KeymasterGuys, I think recently it’s all about cryptocurrencies, every body is talking about that and nearly no one speaks about Forex ea. That is just amazing and rediculous in the same time.
Petko Aleksandrov
KeymasterThe EA builder EA Studio is now possible for cryptocurrency trading? I am surprised to see that in your new course Mr Alexandrov. Is there anything different from building Forex strategies? I have purchased the EA Studio nearly 3 months ago and I think I know all, but I tried to make EA for the Bitcoin but it looks to be good to be true. Very nice profit line and it fails Monte Carlo, have any tips why that is happening when I am using the ea builder?
Petko Aleksandrov
KeymasterYes, lovely course there. I am surprised how you always figure out what to record…I like very much the never lose my formula. How many times should I practice it before I start using it on a real cryptocurrency trading account?
Petko Aleksandrov
KeymasterHow about the biggest Forex news – the NFP that is coming up. Do you guys trade on that or you are out?
Petko Aleksandrov
KeymasterHey Peter,
Yes you better change the number…the problem is that your number is not with only one but many.
This happens because you have registered on some Ad, but this Ad was from Affiliate(this is how they call themselves). After that they give your number to many brokers, so the first that succeeds to deposit with you, will pay the to Affiliate. Overall the Affiliates are the once making the sweet money.
Keep your head up always when dealing with anyone over the phone.Petko Aleksandrov
KeymasterHey Desita,
I am very glad to hear that you succeeded to make this profit. Believe me it is not small!
Personally I joy on every pip and dollar gained, because I know the hard years behind me, so each pips is just precious.
Keep up the good job!
Petko Aleksandrov
KeymasterDear Desita,
Normally here we are not giving any trading advises for the Bitcoin or any other asset. As you know we are academy, and we will give you an answer to every question connected with education. Also, here we do not predict, but we base our trading and education on algorithmic trading and formulas, to make sure we have stable results based on past performance, Monte Carlo test, statistics etc.
Anyways the Bitcoin is just reaching new Tops, I do hope that you had the courage to hold them, so I do believe now you are on profit.
Good luck to you
Petko Aleksandrov
KeymasterDear Andy,
Thank you for writing personally to me here in the forum, and I will answer to you as follows:
Yes, we are not connected to any broker and long time I did not allow any of my mentors or colleagues to suggest brokers, but the problem with the scam brokers is getting bigger and bigger. Nearly every day students are writing to us that they have lost money with some scammers. Unfortunately we can not do anything to help them get beck the money. The only thing is to give you some tips(As Svet did), so we will make sure that our students will avoid such scam brokers.
As a decent broker that we are recently using is JFDBrokers. They have really tided spreads, swaps etc. Also, they are regulated, and they have office in Varna(where the academy was created and I have personally checked the office to see if all is good over there.
I would like to warn that if any brokers start typing here(believe me I can recognize really quickly), their posts will be deleted.
Hope this helps Andi
Cheers
Petko Aleksandrov
KeymasterHi all, i do believe that every Forex trader should follow the following rules when trading with Forex strategies:
1. Trade with no more then 10% of the savings you have
2. Trade after a good education, i took 2 of the courses here and i am happy with those – made a small 400$ account into 750&, i know that 350& is not too much but as a % i think for 2 months is not bad
3. Trade different Forex strategies in one account to diversify the riskhope this will help to some forex traders
Petko Aleksandrov
KeymasterNice to hear that Pete, let us know how is it going
Petko Aleksandrov
KeymasterI hope all understand why is hard to say for us with 100% stop it or not?
1. The Forex news affect the markets every time in a different way so we never know what will be the movement before, during or after the Forex news. So by stopping on those we limit the risk.
2. The EAs are created on historical data including the news, so basically they need to stand on these news and if we go on stoping, managing the trades, we do go back to manual trading.
So these are two major issues or theories that you need to choose one.
Also it depends what kind of Portfolio of EAs you are trading. If you are with trend following strategies and the Forex news go strongly against the trend you will expirience a drawdown in you balance.
Petko Aleksandrov
KeymasterYou are right Pope! Rushing is a problem and most of the time the reason why people loose on the markets.Forex Strategy Builder helps us to test a strategy at the currency moment, because you can see the performance in the same second you enter the entry, the exit conditions, the SL and the TP. You do not need to test it for months to see if it will make profit or losses.
Petko Aleksandrov
KeymasterDear traders,keep in mind that now we record all the personal educations we do and after each one, you will receive it as a recording, so you can review it after that. The education in any ea builder is all about details and we want to make sure, you don’t miss any.
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