Global Forex EA Automatic Trading Weblog

AbodA International-Managed Account Services

2009-07-12T11:02:00.000-07:00

We have decided to provide managed accounts services based on our profitable EA (The MillionPips EA)

*You need $1000 minimum investment in your Forex account with a regulated broker.

*We will send the Robot (The MillionPips EA) to your Forex Account.

*40% monthly performance fee on new profits.

*Only you control the deposit and withdrawal of funds at the forex brokerage. You can access trading records 24/7 but only our Robot can trade for you.

Potential clients may contact AbodA International LQUK007atYAHOO.com
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What is performance fees?

The performance fees(e.g.25%) are taken on a net new high watermark basis. A high watermark is the previous high in the participant's account (adjusted for deposit and withdrawals). It ensures that the fees only get deducted based on new performance, rather than just recovery of poor performance. In other words, if an account loses money over a period, the account must first recoup previous losses and then any profit above the net new high watermark is subject to a 25% performance fee. As an example:
System starts with $50000 initially.
At the end of first month, it makes $3000 bringing the equity to $53000, on which there is a 25% performance fee of $750 deducted.
Then, at the end of second month, it loses $4000 bringing equity to $49000, on which no performance fees are charged.
At the end of third month, it makes $2000 bringing the equity up to $51000, on which no performance fees are charged since the watermark was not reached.
Lastly, at the end of fourth month, it makes $3000, bringing the equity to $54000, which is a new equity high by $1750 over the watermark of $52250 ($53000 - $750) in first month, on which performance 25% fee of $437.50 is deducted.

MillionPips EA Multi-Currency version

2009-07-11T10:24:00.000-07:00

Our goal for a profitable EA has now been achieved...

Profit: 50%-100% Monthly
Maximum Drawdown: 5-6%

While we need a hard proof(1-10 years live trading) we do believe this is a stable long term/short term winner that can work in any market conditions.

This EA will not be sold to the public. However we can run this EA on your account (5/5 or 3/7 profit sharing) if your are interest in growing your capital while sleeping. Minium investment for a managed account USD1000.

GL8888 MillionPips EA -Now make zillion $ in a year

2009-06-06T18:45:00.000-07:00

Initial deposit: $1000
Profit(1 month): $106587.88
Maximum Drawdown: $3566.10(9.7%)

This is even more powerful -Increasing equity 100 times in one month!!So in one year it can make: 100X100X100X100..........(With money management in theory).

This EA can work in any maket condition!

GL8888 MillionPip EA- grow a Million in a year

2009-05-21T20:02:00.000-07:00

Make a million in one year from $1000 investment!!

Profit in one year: USDJPY MAR1,2008 to Mar1,2009
Initial deposit: $1000
Profit:$1147923.37
Max drawdown: $40169.75 ( or 9.15%)

Current EA development-GL8888-MillionPip EA

2009-05-10T17:54:00.000-07:00

This EA is not priced at $5000 but it was doing a great job too(better than the popular commercial EAs in the market)!

Estimated Monthly return: 20%-40% (40-80% if two EAs working the same time)

Working on USDJPY counter trend model. This EA performs very good in volitile market condition (such as the world financial crisis 2008)

Performance Oct1-Dec31, 2008 (The financial crisis)
Initial deposit: $1000
Total profit: $1791
Maximum drawdown: 17.3%

EA TesterGraphUSDJPYJan5-Apr5

2009-05-02T07:09:00.000-07:00

Initial deposit: $1000
Profit: $1753
Maximum drawdown:1.61%

GL8888- EA test result USDJPYOCT1-DEC31, 2008

2009-05-01T22:57:00.000-07:00

Initial deposit:$1000
Profit: $3155
100% average return monthly.
Maximum drawdown:5.88%

EA Results USDJPYJAN5-APR5,2009

2009-04-27T17:17:00.000-07:00

150% return in three months with maximum drawdown 4.9%

GBPUSDFE5-APR5 Result

2009-04-26T14:36:00.000-07:00

80% profit with 3% Maximum Drawdown

Results Oct1,2008-Apr 15, 2009

2009-04-19T12:22:00.000-07:00

GL8888- EA test result in one month period

2009-04-18T17:22:00.000-07:00

Mini Micro Forex Brokers-A great place to test EA in real world

2009-04-16T21:35:00.000-07:00

#1 FXOpen- Open an real account with $1 More info......

We suggest you test your EA in real micro account before any serious investment!!!

Real Money Doubling Forex Robot Fap Turbo

2009-04-16T20:53:00.000-07:00

They said "Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks."

“FAP Turbo NOT Only Backtests To The Tune Of 5,000% Profit In 9 Years (Or 48% Per Month)...It Actually Delivers DOUBLE The Profits In Live Trading - 100% Per Month!”

More info about FAP Turbo....

Metatrader Expert Advisors based on FOREX Neural

2009-04-16T20:10:00.000-07:00

Neural forex network is an algorithm, which imitates nervous activity of living beings (with some part of inaccuracy). Using neural forex network we can identify and use large amount of interconnections in data that are usually hidden from our eyes because of complexity and nonlinearity of data. It is corroborated by the fact that neural forex networks are used in many spheres of our life including trading. But you have to decide by yourself whether they are useful for you or not.
Not a single neural forex network (even the best one) can predict future price by means of simple pressing of a button. If it had been possible, than the market would not have been the truly market. But you can use neural forex network to make predictions with a certain part of probability, which will help you to make better trading decision. Meanwhile even limitedness of capabilities of neural forex networks does not prevent them to be one of the most effective tools of market analysis, especially, when there are a lot of noise and non-linear connections. Neural forex network won’t solve all your problems, don’t flatter yourself. But since neural forex networks are the powerful technological method of technical analysis, they can be invaluable tool in your trading arsenal. Comparing with other methods, neural forex network can have some restrictions and advantages. They also have a unique quality to track hardly detected interconnections in accessible data; other methods do not allow to do it. Besides, the ability to create patterns basing on analysis data makes neural forex network method absolutely unique among other methods and tools.
You can effectively use neural forex network for:

- evaluation of probability of trend continuation;
- classification of market phases;
- temporary prediction of maximum and minimum formation for different timeframes;
- prediction of probability of fluctuating movements after trends and following corrections;
- inter-market interconnections tracking.

In other words, you will get the tool, which is much more effective than classic methods of technical analysis for cases when there is a lot of noise on the market or when data interconnection is not obvious and linear.

More info about MetaTrader Expert Advisor "NeuralScalpingEA"

NEW! MetaTrader Expert Advisor "IntellectualPro" V4.1

2009-04-16T17:42:00.001-07:00

Algorithm
Scalper operates on the basis of finding the optimal channel on timeframe M15 and definition of orders from the found channel"s confidence intervals. Unlike most scalpers, TakeProfit and StopLoss are not fixed and depend on channel"s width and angle of slope. We also developed special library scalper.dll, which finds the optimal channel. It performs complex iterative calculations of channel with the least and decreasing mean-square deviation in channel. This channel defines the most probable corridor of price movement. We also revealed the most acceptable trade hours for each pair on the basis of the researches of dependence of volatility market on time. Several closely correlated currencies pairs were chosen to work with, and the Expert Advisor was adapted to work on these pairs. It allows to lower drawdown and thereby gives an opportunity to use integrated system Money management very efficiently, with higher %.

Developers: This Expert Advisor is the teamwork result of BJF Trading Group and SLP Trading companies. It took our mathematicians and programmers over a year to develop the product. The idea of creation of scalper on optimal channel was born long time ago
however we have experience some technical difficulties before we find the way to develop this product. We needed decisions allowing to optimize complex iterative calculations ; In order to fulfill the given task we organized department of programmers and the best mathematicians, who developed computer-aided design system for European companies. More Information about the EA......

Article-Forex: FX Trading The Martingale Way

2009-04-15T19:58:00.000-07:00

Imagine a trading strategy that is practically 100% profitable - would you be interested? Most traders will probably reply with a resounding "Yes", especially since such a strategy does exist and dates all the way back to the eighteenth century. This strategy is based on probability theory and if your pockets are deep enough, it has a near 100% success rate. Known in the trading world as the martingale, this strategy was most commonly practiced in the gambling halls of Las Vegas casinos and is the main reason why casinos now have betting minimums and maximums and why the roulette wheel has two green markers (0 and 00) in addition to the odd or even bets. The problem with this strategy is that in order to achieve 100% profitability, you need to have very deep pockets - in some cases, they must be infinitely deep. Unfortunately, no one has infinite wealth, but with a theory that relies on mean reversion, one missed trade can bankrupt an entire account.Also, the amount risked on the trade is far greater than the potential gain. Despite these drawbacks, there are ways to improve the martingale strategy. In this article, we'll explore the ways you can improve your chances of succeeding at this very high risk and difficult strategy.

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What is Martingale Strategy?Popularized in the eighteenth century, the martingale was introduced by a French mathematician by the name of Paul Pierre Levy. The martingale was originally a type of betting style that was based on the premise of "doubling down". Interestingly enough, a lot of the work done on the martingale was by an American mathematician named Joseph Leo Doob, who sought to disprove the possibility of a 100% profitable betting strategy. The mechanics of the system naturally involve an initial bet; however, each time the bet becomes a loser, the wager is doubled such that, given enough time, one winning trade will make up all of the previous losses. The introduction of the 0 and 00 on the roulette wheel was used to break the mechanics of the martingale by giving the game more than two possible outcomes other than the odd vs. even or red vs. black. This made the long-run profit expectancy of using the martingale in roulette negative and thus destroyed any incentive for using it.To understand the basics behind the martingale strategy, let's take a look at a simple example. Suppose that we had a coin and engaged in a betting game of either head or tails with a starting wager of $1. There is an equal probability that the coin will land on a head or tails and each flip is independent, meaning that the previous flip does not impact the outcome of the next flip. As long as you stick with the same directional view each time, you would eventually, given an infinite amount of money, see the coin land on heads and regain all of your losses plus $1. The strategy is based on the premise that only one trade is needed to turn your account around. ExamplesScenario No.1 (Head or Tails 50/50 Chance):
Your Bet
Wager
Flip Results
Profit/Loss
Account Equity
Heads
$ 1
Heads
$ 1
$11
Heads
$ 1
Tails
$ (1)
$10
Heads
$ 2
Tails
$(2)
$8
Heads
$ 4
Heads
$ 4
$12 Assume that you have a total of $10 to wager, starting with a first wager of $1. You bet on heads, the coin flips that way and you win $1, bringing your equity up to $11. Each time you are successful, you keep on betting the same $1 until you lose. The next flip is a loser and you bring your account equity back to $10. On the next bet, you wager $2 in the hope that if the coin lands on heads, you will recoup your previous losses and bring your net profit and loss to zero. Unfortunately, it lands on tails again and you lose another $2, bringing your total equity down to $8. So, according to martingale strategy, on the next bet you wager double the prior amount (or $4). Thankfully, you hit a winner and gain $4, bringing your total equity back up to $12. As you can see, all you needed was one winner to get back all of your previous losses.However, let's consider what happens when you hit a losing streak like in scenario No.2:
Your Bet
Wager
Flip Results
Profit/Loss
Account Equity
Heads
$1
Tails
$ (1)
$9
Heads
$2
Tails
$ (2)
$7
Heads
$4
Tails
$ (4)
$3
Heads
$3
Tails
$ (3)
ZEROOnce again, you have $10 to wager with a starting bet of $1. In this scenario, you immediately lose on the first bet and bring your balance down $9. You double your bet on the next wager, lose again and end up with $7. On the third bet, your wager is up to $4, your losing streak continues and now you are down to $3. You do not have enough money to double down and the best you can do is bet it all. If you lose, you are down to zero and even if you win, you are still far from your initial $10 starting capital.Trading ApplicationYou may think that the long string of losses such as in the above example would represent unusually bad luck, but when you trade currencies, they tend to trend and trends can last for a very long time if you are caught in the wrong direction. However, the key with martingale when applied to trading is that by "doubling down" you in essentially lower your average entry price. In the example below, at two lots, you need the EUR/USD to rally from 1.2630 to 1.2640 to break even. As the price moves lower and you add four lots, you only need it to rally to 1.2625 instead of 1.2640 to break even. The more lots you add, the lower your average entry price. Even though you may lose 100 pips on the first lot of the EUR/USD if the price hits 1.2550, you only need the currency pair to rally to 1.2569 to break even on your entire holdings. This is also a clear example of why deep pockets are needed. If you only have $5,000 to trade, you would be bankrupt before you were even able to see the EUR/USD reach 1.2550. The currency may eventually turn, but with the martingale strategy, there are many cases when you may not have enough money to keep you in the market long enough to see that end. (To learn more, see Common Questions About Currency Trading.)
EURUSD
Lots
Average or Breakeven Price
Accumulated Loss
Break-Even Move
1.2650
1
1.2650
$0
0 pips
1.2630
2
1.2640
-$200
+10 pips
1.2610
4
1.2625
-$600
+15 pips
1.2590
8
1.2605
-$1,400
+17 pips
1.2570
16
1.2588
-$3,000
+18 pips
1.2550
32
1.2569
-$6,200
+19 pipsWhy Martingale Works Better With FXOne of the reasons why the martingale strategy is so popular in the currency market is because unlike stocks, currencies rarely go to zero. Although companies easily can go bankrupt, countries cannot. There will be times when a currency is devalued, but even in cases where there is a sharp slide, the currency's value never reaches zero. It's not impossible, but what it would take for this to happen is too scary to even consider. The FX market also offers one unique advantage that makes it more attractive for traders who have the capital to follow the martingale strategy. The ability to earn interest allows traders to offset a portion of their losses with interest income. This means that an astute martingale trader may want to only trade the strategy on currency pairs in the direction of positive carry. This means that he or she would buy a currency with a high interest rate and earn that interest while, at the same time, selling a currency with a low interest rate.With a large amount of lots, interest income can be very substantial and could work to reduce your average entry price. (For related reading, see Trading The Odds With Arbitrage.)Minding the Risk As attractive as the martingale strategy may sound to some traders, we stress that grave caution is needed for those who attempt to practice this style of trading. The main problem with this strategy is that oftentimes, that sure-fire trade may blow up your account before you can turn a profit - or even recoup your losses. In the end, traders must question whether they are willing to lose most of their account equity on a single trade. Given that they must do this to average much smaller profits, many feel that the martingale trading strategy is entirely too risky for their tastes.

Trading profit curve (in 20 days)

2009-04-14T23:07:00.000-07:00

GL8888 EA-The TOP1% Development of EA

2009-04-14T22:41:00.000-07:00

Mean Features:

Selective entry
Safe Cost averaging
Dynamic spacing
Dynamic profit taking
Fully automatic trading

20%-100% Profit per month (depending on your risk/ reward ratio)

Need to know about Forex and EA

2007-10-08T17:57:00.000-07:00

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others. Traders and investor see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex Market? Not at all.Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don't consider trading to be an easy task. But, is it harder to master any other endeavor? I don't think so, consider musicians, writers, or even other businesses, the success rates are about the same, there are a whole bunch of them who never got to the top.Now that we know it is not easy to achieve consistent profitable results, a must question would be, Why is it that some traders succeed while others fail to trade successfully in the Forex market? There is no hard answer to this question, or a recipe to follow to achieve consistent profitable results. What we do know is that traders that reach the top think different. That's right, they don't follow the crowd, they are an independent part of the crowd.A few things that separate the top traders from the rest are:Education: They are very well educated in the matter; they have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable outcomes, not just the winning side.These are, among others, the most important factors that influence the success rate of Forex traders.We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But, how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a life time, and still don't get the desired results, for some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it's not something you can do in a short period of time.Trading successfully is no easy task; it is a process and could take years to achieve the desired results. There are a few things though every trader should take in consideration that could accelerate the process: having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.Many vendors claim you can make money with no effort by paying them $100 for their Forex robot which then makes you regular cash%u2026Common sense tells you this is not true and the reason they lose money is simple%u2026They have never been traded and the track record is a back test on historical data knowing the closing prices. Not hard to do this really and a child could do it. The track record is simply bent to fit the data and of course you can't bend in real time you have to trade in real time.Look at the track records of most Forex robots and in the risk warning, you will see the words "hypothetical" and "simulated" and this is not the same as making real dollars from trading in the market.Common sense tells you that if these Forex robots with simulated track records really worked and could deliver financial freedom for a hundred dollars the following would apply:- Banks and brokers would sack their dealing teams- No one would work anymore and everyone would tradeNeither of the above has happened, nor ever will.Another point is if the Forex robots really did work why would you sell it? The vendor would be making to much money to bother hassling you for $100.00The Real Way to WinYou can find some decent Forex robots and they can make great long term gains but keep in mind that they will have periods of losses. A decent robot can make 30 - 100% annual gains, with losing periods of a few weeks to a few months, so they are geared for long term profits and you have to be patient.Even if you do have a good Forex trading system you need to have the confidence and discipline to trade it though losing periods.There are traders that make a lot of money in Forex trading but I can assure you that they rely on real results and don't buy into it made money backwards it will make money going forwards.So be realistic, get the right system and you can enjoy great rewards for you effort..............

The One in Top 1% EA Development-GL8888 new version

2007-08-10T23:07:00.000-07:00

Profit: 10-50% Per month

Currently the EA was developed for mini account working on CHFJPY, AUDUSD and USDJPY (Initial investment $1000). Under worst cases(market drop 1000 points without reverse and all losing postions keep open ) the maximal drawdown can be 20%-30. But it will never blow up.

GL8888 EA

2007-07-12T21:55:00.000-07:00

90% Forex traders lose money.99% EAs will finally fail.After 14 months` development and test in real Forex account। The GL8888 EA system now comes into being...Now it will never fail॥(failed 100 times in development). It incorporates Martingale/Average Cost ..(but will never blow up an account). It is an EA(8 EAs in group) with hedging and dynamic spacing/profit.