Forex EA Robot Trading Blog

Forex bling now on general release!

2009-09-09T02:40:00.000-07:00

Forex bling has been released, and this is a very interesting product, given that its author has a proven track record in highly successful EA's.

"Forex bling" is a combination of several EA's and strategies, a basket of trading systems, which include scalping, trend following, breakout and grid trading systems.
This is the first system i have seen that can deliver all of these. There is an incentive to get on board early as there is an extra 30-day subscription available for those that do.

The robots are server-based, which is interesting, as it means they can be updated centrally.

This system is thus able to deal with any market condition, both for short term and long term gain. It comes with 3 months of live testing, a proven track record, and a full 60-day money back guarantee to work through the whole package and materials. The price is currently set at $99 per quarter, but also set to rise.

The author has previously released Pointbreak, DTS-1 and fractal EA's, all of which have been huge successes in live trading environments.

This EA set also work with the new hedging and FIFO rules from NFA registered brokers in the US.

See more details

updated PB demo

2009-04-09T21:41:00.000-07:00

We just updated the Pointbreak demo, which you can get from the site. Markets continue to follow the usual pattern with no long trending runs, and PB is performing very well under these conditions.

Latest PB5 performance report

2009-03-29T04:18:00.000-07:00

Here are the results from the latest 5 months on one of the live trading account for pointbreak 5. As you can see it is performing exceptionally well, with the account growing from $5,500 to $9,400 over a 5 month period, with no serious drawdown encountered. Over the last 3 weeks alone the account has grown by 20%!

View Full report

Consultancy Services

2009-03-29T04:10:00.000-07:00

Now we are more focused on trading and consultancy, if you need an all-on-one service, to purchase the EA, set it up on VPS and to have a phone consultancy, we are providing this for our clients. There is no additional charge, once you have the purchased the EA, the VPS service, there is a one-off consultancy fee ($100), and then you off and running. Contact us at support@myfxtools.com for more details.

PB performance update

2008-12-21T00:50:00.000-08:00

A quick update on the PointBreak performance to date.

Account 1 was started with 2.5K back in Jan, and now stands at nearly 7k. It was run on risk level 4 for a while, then lowered to 3.

Account 2 was started with more, on a lower risk level ( 2 initially and then to 3).

Recently the volatility is working in favour of this EA, so it is bringing in profits quickly.

The results speak for themselves.

livereports.zip

DTS-1 EA released

2008-11-11T05:32:00.000-08:00

DTS-1

The logical successor to PointBreak, able to deal with any market condition. The author has opened a 65k account and opened access, such is the confidence in this EA. The account made a profit of $14 397.60 in 2 months despite market volatility lately (Risk=2).

DTS-1 (Purchase the Full Version )

DTS-1 ( Purchase the upgrade from PointBreak 5 )

4 backtests for GBPJPY with 10pipspro

2008-10-19T23:16:00.000-07:00

We have 4 backtests for GBPJPY;

1. MagicNumber=0; Lots=1; StopLoss=57; TakeProfit=10; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true;

For Scalpers.

2. MagicNumber=0; Lots=1; StopLoss=58; TakeProfit=12; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true;

For Scalpers.

3. MagicNumber=0; Lots=1; StopLoss=70; TakeProfit=20; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true;

For Scalpers.

4. MagicNumber=0; Lots=1; StopLoss=59; TakeProfit=24; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true;

10pipspro updated backtesting report

2008-10-19T21:47:00.001-07:00

We have an updated backtesting report also on;
http://www.myfxtools.com/10pipspro/TP10%20RISK30.htm

optimized 10pipspro for GBPUSD

2008-10-19T21:44:00.001-07:00

We have optimized 10pipspro for GBPUSD and got 4 good settings for this year 2008. If we increase the risk to 20% for aggressive trading, the returns are spectacular.

1. MagicNumber=0; Lots=1; StopLoss=57; TakeProfit=10; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true; For Scalpers.

2. MagicNumber=0; Lots=1; StopLoss=58; TakeProfit=12; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true; For Scalpers.

3. MagicNumber=0; Lots=1; StopLoss=70; TakeProfit=20; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true;

4. MagicNumber=0; Lots=1; StopLoss=59; TakeProfit=24; UseHourTrade=true; StartHour=5; EndHour=5; PercentRisk=20; OnlyOneOrderPerDay=true; The BEST Setup.

Pointbreak update

2008-10-11T05:51:00.000-07:00

With the recent credit crunch and global stock market fallout, the resulting variability in exchange rates has led
to INCREASED profitability for the PointBreak EA. The last 2 weeks have returned 30-40% on all our LIVE accounts (some of which are
over $60k).

v3 10pipspro settings

2008-08-28T23:31:00.000-07:00

I strongly urged those who demo the v3 use this settings.

Broker FXDD. If you use other brokers, please change the server time.

1. EURUSD (this setting is good if u like to scalp 20 pips a day)

TakeProfit = 20
StopLoss = 154
UseHourTrade = true
StartHour = 5 (IBFX time=2)
EndHour = 23 (IBFX time=20)
OnlyOneOrderPerDay = true

2. USDJPY
TakeProfit = 25
StopLoss = 69
UseHourTrade = true
StartHour = 7 (IBFX time=4)
EndHour = 9 (IBFX time=6)

OnlyOneOrderPerDay = true

3. EURGBP
TakeProfit = 16
StopLoss = 161
UseHourTrade = true
StartHour = 12 (IBFX time=9)
EndHour = 23 (IBFX time=20)
OnlyOneOrderPerDay = true

10pipspro EA update

2008-08-25T01:54:00.001-07:00

We will updating the demo version for v3 with new features by tomorrow, which includes;

1. open order at certain time
2. open max 1 order per day

The demo will be valid till 14 sept 2008.

Here are the backtested results for eurusd and usdjpy

10 pips pro EURUSD

10 pips pro USDJPY

10pipspro EA update

2008-08-25T01:54:00.000-07:00

POINTBREAK-5 TRADING PERFORMANCE

2008-08-20T00:19:00.000-07:00

A message from the creator of PointBreak EA;

================================================
1. POINTBREAK-5 TRADING PERFORMANCE
2. NEXT DEVELOPMENT IN FOREX HOPE: POINTBREAK-6
================================================

Dear Subscriber:

I had some questions after the end of Euro sideways period in 1.5300 - 1.5600 in this month that I wanted to address.

FIRST, I appreciate the responses received thus far. They have all been positive for PointBreak-5 performance. Although I have received negative emails about the drawdown side of PointBreak-5. I think to justify the importance of understanding what we are doing. There were some questions... and I would encourage anyone who has a question, to send it in. I may not answer personally, but I will try to include the answers in the updates.

I still preparing my next project: PointBreak-6 and I will have put together that better explains not only what we are doing, but my research in including some variations of several closing techniques (averaging, pyraminding, lots progressive, etc) into what we are doing. I strongly suggest you take a look at the link I will send you next week to better understand everything going on. The information focused on our new development is very interesting!

--------------------------------------------------
POINTBREAK-5 PERFORMANCE
--------------------------------------------------
SECOND, the performance of PointBreak 5 still continue show a consistent results:

I know some of you stopped your PointBreak EA when Euro in choppy area (1.5300-1.5600) from March - August 2008 when the drawdown become growing everyday, and then watched Euro drop into 1.5000 and close all drawdown with PROFITS, and continuous making another profits everyday.... yes, it's dissapointed... :(

That's why I can't stess enough the most importance of using smaller Risk setting, so you can sleep well and wait patiently until PointBreak-5 solve all kind of market condition. Despite our consistent profits on PointBreak-5, I realized one of the downside using PorintBreak-5 is you need to have suffucient capital to sustain the drawdown until PointBreak-5 solve the drawdown problem. You need to have patient when Euro still in choppy area.
For those who do not have stomach for large drawdown on your account, I always suggest to run PointBreak5 in Risk=1 or 2 only.

1. Our Very Conservative (Risk Setting = 1) has been producing 30% in 8 months since we start our forward account (Acct#.
for everyone to follow (on Dec 2008).

If your have not follow it yet, you can login into the account and check everything is correct.
The account has grown from $25,000 to $32,800 and still growing.... :)

For complete our PB5 trading report, please take a look at:
http://www.forexhope.com/trading_report.htm

2. Our Very Agressive has been producing more then 200% in 10 months (since October 2008 we started online business last year).
For our Very Aggressive performance, please take a look at:
http://www.forexhope.com/performance.htm

------------------------------------------------------------------------
NEW DEVELOPMENT: POINTBREAK-6
------------------------------------------------------------------------
In the next 2 weeks I will I release my research on PointBreak-6!

The information focused on our new development is very encoraging. Using several new techniques, our PointBreak EA will have smaller drawdown and close the drawdown faster than before. I strongly suggest you take a look at the link I will send you next week to better understand everything going on.

In PointBreak-6, I began to explore the possibility of using inverted trades and progressive trading strategy exclusively in cycles due to the frequency of going into significant open position drawdowns with the PointBreak strategy. In those strategies, drawdowns are simply a necessary evil in order to put the long-term probabilities in our favor.

The long story made short is that we hope to see the fruits of these efforts increase our probability and consistency of success.
The idea is to keep the profit potential constant even when the drawdowns are not at the extreme levels.

Investigating and analyzing different ways of using inverted cycles has been a very long and thorough process. I will be revealing the major points of this journey in this Report along with providing my live account reports.

----------------------------------------------------
Q. We are certainly within expectations as far as the expected drawdown, but at what point does time become a more important factor of knowing when things might not work out as planned?

A. I expected to at least see solid evidence of moving toward reaching our annual goal by the end of the year of PointBreak 5. If we don't see that happen, then we obviously have to analyze the situation and ask ourselves why it didn't happen and whether that reason would continue to prevent us from reaching our goals more frequently than we had hoped. I don't want to draw an illusion that all of a sudden, we are going to see things change considerably over the next 3 months than what we have seen over the last 6-months. A lot depends on market action in how fast we can recoup the current drawdown (which will probably get bigger before we look to achieve new equity highs).

We should definitely see some new updates over the next months. The question is how fast our next PointBreak version can solve the drawdown before we start to see that benefit. I will do everything to keep the drawdown size within the range of the development news that I will send in following weeks.

Best Regards,

Yohanes R. Gagahlin
http://www.fxhope.com

10 pips pro version updates

2008-08-12T05:44:00.001-07:00

Updates on the forthcoming changes to the 10pipspro EA ;

v1.1 will fix the MM bugs to more precise opening of lot size and magic number fix to trade with other EA running in the same account.

v2 will be a much better version with hedging function, and is in final testing.

10pipspro EA Trading on EURUSD

2008-08-12T05:42:00.000-07:00

The usd dollar has been strengthening very much lately..the trend has been very very strong...

If users are not comfortable to trade at TP 10 SL 300, we recommend them to run on EUR/USD Only

TP 50, SL 300
TP 50, SL 155
TP 50, SL 140

All these values are profitable if you run from 1.1.2003 to date.

The best setting i found for EUR/USD for year 2008 is TP 65 SL 90

Please run a backtest if u wish to check on all these 4 settings, in the mean time, if they are not comfortable with other 4 pairs, stick to EUR/USD at the meantime.

PointBreak EA performance report

2008-08-10T02:26:00.000-07:00

A performance update has been posted on PointBreak EA Trading Report

There have been 2-3 months in drawdown because of choppy markets, but now the Euro come back to Trending, we start making money again.
The Very Conservative has been producing 29% in 8 months. The Very Agressive has been producing more then 200% in 10 months.
Do you follow our trading report and our live account since last year ?
The aggresive setting has produced more than 200% profit in 10 months.

Take a look at Our Performance Report

10 pips pro demo update

2008-08-08T19:14:00.000-07:00

The trial version has been updated now for 10pipspro EA, and runs until the end of August. It can be downloaded from the same link the original trial was on.

Managed accounts

2008-08-04T03:40:00.000-07:00

We have a new managed accounts program. Check out the managed forex accounts section on the site.

I am a forex trader with four years experience currently managing several accounts. I would like to add an account to trade. I use a 1% to 2% risk factor with a maximum 20% drawdown monthly. Returns have ranged from 6% to 20% monthly.

EA Hosting update

2008-08-03T02:53:00.000-07:00

We have decided to stop doing the EA hosting ourselves, and hand it over to a seperate VPS provider, swvps. They have a selection of cheap VPS packages that offer more flexibility than we can. We will continue to host our existing clients accounts, but wont be taking on any more. If you need EA hosting then check out swvps.

10pipspro EA updates

2008-08-03T02:19:00.000-07:00

The following developments are in place for the 10pipspro EA. We expect to have this complete by the end of august

1. EA can hedge, buy and sell when signal is there. No longer it will be like rite now where if the buy is floating negative, the ea wont open sell orders eventhough the signals are there.

2. EA can open 1 order per day only. I notice that, if we only open 1 position per day for the 5 currencies, usually we will end up with 50 pips in total. in a week we are talking about 250 pips, that makes it about 1000 pips per month with this max 1 order per day option only.

3. Unique MagicNumber fix. There is a problem with this EA, when there is another EA trading the same currency in the same account, it wont open orders. I am looking into this fix. Do you have any demo EA that i can test out on the same account that has magicnumbers? appreciate if u can send me one.

This, and all future updates will be free for all customers

10pips Pro Trailing Stop

2008-07-29T01:24:00.000-07:00

Question
Should this EA use a trailing stop or not? In the properites the "Use Trailing Stop" input is default to "false". I thought this EA was supposed to ride the trend.

Answer
The trailing stop is set to FALSE, and there is no need to change anything. Take profit is only 10 pips, so that's why we do not need to use the trailing stop.

Riding the trend in means that the ea will open positions in the direction of the trend but with a fixed TP at 10 pips every time a trade opens. Thus, the trailing stop is not recommended.

10pipspro EA FAQ Part 3

2008-07-28T05:29:00.000-07:00

Why sometimes the results of other people test on the EA is different from the statement that we have.

1. Broker issue and price feeds. They are related to each other. i have seen the EA open position in FXDD, only to be followed later by IBFX 15 minutes.

2. When the EA is switched on by the user, the EA will scan for the current trend and trade in that direction.
Let say the customer demo EA trigger a sell order, and during that time i have a Buy position still floating from the previous day trade in my FXDD account, the EA wont open the Sell order similar to the customer demo EA because I can only have 1 max open position at one time. This will explain why sometimes why their trades and mine can be abit different.

3. Most important issue here is not the difference of trade orders between his account and my account, what is more important is that after running the demo EA for sometime, is the customer making some profits in his account?

There is another choice for withdrawing monthly profits. After running the EA for a month, user can choose to manually close all floating positions so that he can total up his gains for the month and reset for a new month. Maybe after a month, the account is up 40% from original balance, with a floating loss of -5%, by closing all...this simply means his gains was 35% for the month.

10pipspro EA Trial info

2008-07-26T22:20:00.000-07:00

A quick work about the 10pipspro EA trial. The current demo is on www.myfxtools.com/autopips/autopips.zip. This expires on the 31st July, and there will be an updated demo at the end of next week.

10pipspro EA FAQ Part 2

2008-07-26T06:50:00.001-07:00

10 pipspro EA

, you do need a different license for a different account - licenses are linked to accounts.

- Since this EA is so new, will you provide free upgrades as you fine tune it?

Yes there will be free upgrades

- Do I need a license to use this EA in different accounts?

yes you do need a different license for a different account - licenses are linked to accounts.