Forex Robo Trading

Posts Tagged ‘forex trading’

Bill Poulos giving away a special “sneak peek” of the Forex Income Engine 2.0 Winter 2010 Edition.

If you want to get a feel for what’s actually INSIDE his course, here’s what you’ll want to check out on the website:

Forex Income Engine Members Site Access

Username: readyto
Password: enroll

This is a “members website preview” of his upcoming Forex Income Engine 2.0 step-by-step forex training course.

In the “Pip Vault” section on the websit you will find his 3 new trading videos.

Including the new bar-by-bar “hard right edge” video showing what decisions are made when you have no idea what the next bar holds, which, of course, is how live trading really happens.

In his 7 CD-ROM module previews… you’ll see on your screen exactly what comes up when you insert the CD-ROMs into your computer.

Follow the navigation on the left side to get a pretty in-depth look at the structured content to see if looks like something you can follow along with.

You can access the Forex Income Engine Members Area here Forex Income Engine Members Site

Enjoy!

BTW Bill will likely be pulling this special preview site down on Tuesday, December 8th, when his full course goes live at 10am Eastern.

Technorati Tags: bill poulos, Forex Income Engine, Forex Income Engine members area, forex trading, forex training online, hard right edge, profits run

Jason Fielder has stated that the Quad Charting Pack will never again be offered as a bonus and will in the near future be launched as a separate product.

Why is Forex Impact giving away the Quad Charting Pack valued at $5000 as FREE Bonus with the Correlation Code?

Well if you attended the final webinar you would have heard Jason say that the Quad Charting software was still in beta release and the final release will be sometime in the near future. He went on to say that the Quad Charting pack was fully functional and the full final release version will be available free of charge to Correlation Code buyers as soon as the final release is ready.

Well it is pretty clear that correlating currency pairs and finding “cracks” in the code is a very powerful trading strategy. And the Quad Charting pack takes this one step further to create synthetic correlated pairs on a brand new Metatrader 4 chart.

What would be better than trading cracks and fundamental laws of correlated currency pairs?

Enter Metatrader 5 and the ability to chart commodity, futures, options and stock indicies all on the same platform. Now correlation trading takes on a whole new meaning. And the touted $5000 price tag of the Quad Charting Pack and strategies starts to look very reasonable if not an absolute steal. The first traders in the market using these tools are going to make an absolute killing before the hoards arrive.

Now I don’t know that the Quad Charting Pack is being developed to exploit Metatrader 5 which is in beta release right now. Just joining the dots. What is certain is by mid 2010 correlation trading across multiple currencies and indices is going to be massive. And the first tools to take advantage of the new Metatrader5 platform are going to cost an arm and a leg. Unless of course you get in early as a “beta” tester.

Here is what Forex Impact have to say about the Quad Charting Pack

“Quad Charting Pack: Value: $5000!”

“Our soon to be release software platform that “auto creates” synthetic correlated pairs (like the EUR/USD & GBP/USD ) and turns them into ONE chart to trade.”

“Instead of charting using two currencies (industry standard in Forex), we found a way to use FOUR currencies, which creates our own “synthetic pairs”, gives us a brand
new chart, and a brand new way to look at the market that NOBODY without this software is able to trade!!”

“This also includes it’s own complete strategy, and you can even run any
of your own strategies on it as well!”

“(This will released separately in the future and never again offered for free) and will revolutionize trading much like candles did when they were released.”

The doors have almost shut on the Correlation Code and there are literally only a handful left. While the Correlation Code may become available again sometime in the future, the Quad Charting Pack won’t be part of the deal. Sorry I didn’t figure this out sooner to let my regular readers know but better late than never.

Technorati Tags: commodities trading, correlation code, correlation trading, forex trading, futures, futures correlation trading, market correlations, metatrader 5, metatrader5, mt5, options trading, price correlations, Quad Charting Pack, quad charting software

It was a challenging week for my installation of Gomega Xray and I’m sure for most automated trading systems. I’ve had Gomega Xray trading a $5000 demo account at Alpari since April 21st, and it began the week with a balance of $6188. During the week it suffered a number of successive loses drawing its account balance down to well under $6000. However this is not as bad as it may seem as its equity balance was at the same time hovering around $7000.

Part of the reason for the string of losses in my opinion is Gomega Xray trades multiple currency pairs and one of the entry criteria is the cross currencies for each currency pair being traded. This is one of the factors that gives Gomega an edge when determining whether to enter a trade. However it is a two edged sword, if the market direction changes and goes against Gomega, Gomega will likely have several small losses in a row as the stop losses are triggered across several currencies. Of course the opposite is true when Gomega is on the right side of a market movement, the result being multiple big wins in a row.

This is exactly how last weeks trading had been. Gomega found itself on the wrong side of the market movement a couple of times as well as some positions being spiked out by major news events. Those news events no doubt had sent a cascade of stop losses rippling across the markets. Perhaps a great oppurtunity for a dedicated manual trader? However in spite of this, Gomega was still in the trade on several positions since the beginning of the week and earlier. And as the Euro continued to strengthen throughout the week, Gomega’s equity position continued to grow, even though its balance was down.

By the end of the week, Gomega had closed out several positions it had been holding and ended the week with a balance of $7296 and equity of $7478. That’s a gain of $2296 or 45% in less than 1 month.

While the week’s trading didn’t produce a nice smooth balance curve, the end result is still very impressive. If Metatrader were able to show an equity curve that included the equity balance, it would be easier to visualize how the trading situation had progressed.

The Four Year Retirement Plan

While it is not possible to buy Gomega Xray at this time, there is another very exciting offering from Quantum Research. In a week from now they will be making available a new version of their extremely successful Gomega Autotrader FX. This newest version of Autotrader is named Gomega GBP JPY or Gomega Pound Yen, and specializes in trading the Great British Pound against the Japanese Yen. This currency pair has proven to be very profitable for Gomega clients, some of whom have made their live trading accounts available for Quantum Research to publish online. Jonathan And David present a Four Year Retirement Plan based on the compounding gains possible simply by using Gomega GBPJPY to trade on autopilot from a starting balance of just $5000. At the current rate of equity growth, within four years the balance would be over one million dollars. Hense the title, the 4 Year Retirement Plan.

Last week Ken Herbert Snr.  and Jonathan Herbert of Quantum Research presented a video with one of the Swiss clients who had nearly doubled his live trading account in 7 months trading this currency pair on auto-pilot with Gomega AutotraderFX.

A new video has now been released where Ken Herbert Snr  and Jonathan Herbert take you under the hood of the Gomega GBP JPY Autotrader. This is a fascinating video and very informative for anyone considering purchasing Gomega GBP/JPY or simply trading this currency pair. This video goes into great depth showing the signals and indicators Gomega GBPJPY uses in determining when to enter or exit a trade. If you are new to Forex then this may be a little intimidating, however the great part about the Gomega system is that Gomega GBP/JPY handles all the complexity for you, leaving you just to decide a few parameters such as Risk per Trade, Stop Loss and Take Profit settings.

The Gomega GBP/JPY Under the Hood, is a truly fascinating video that not only takes you under the hood but through a trading week with Gomega GBP/JPY also, and I thoroughly recommend watching it at least once if not three times.

Technorati Tags: forex trading, gomega autotrader fx, gomega GBP JPY, gomega user, gomega xray forward results, testing gomega, trading results

Trading currency exchange is one methodology to beat the recession, but you must grasp some critical facts or you might lose more than you make. Though there are fortunes to be made, not everybody is a winner. Over Christmas I heard of a family friend who for a period of time had been trading for fun and profit. Putting away a clean sum on a regular basis. However that changed quickly due to the upheaval in the Forex markets. He not only lost his shirt but his house and the family farm too! Amazingly he is quite philosophical about it is handling it all very well considering. More information about the Grid Robot Trading

Of course this should never have happened, especially to someone as experienced as he was. So what truly went wrong? Quite simply he became greedy, trading by the no longer trading by a system. He wasn’t running stop losses and when he had a chain of bad trades he just poured more money to try and win back what he lost. In brief, he was no longer trading he was betting, he let his emotions take over and had lost his edge. He was no longer trading by a winning system but more like a craps player who just doubles the stakes on each loss. This is precisely the way not to trade Forex.

This is just one of the numerous areas where a Forex Robot has an edge over most human traders. They trade by a system and they don’t get emotional. A good robot can recognize and conform to any market condition and trade suitably. It can pick the best time to open and leave a trade, set stop loses to reduce risk and even know when not to trade at all. It is during times of high volatility that massive profits are made by the best traders. However there’s small margin for mistakes when you’re trading the forex markets. Having the correct tools and trading system for the conditions is what differentiates the winners from the losers. The 2 main tools for day traders, are Expert Advisors Forex Robots and Signal Generators. Occasionally called push button trading, a signal generator tells you when to buy or sell. They do not trade for you. This is fine in a moderately stable market where price changes are smaller and more likely to be following a trend. However in a volatile market, rapid response time can make the difference between many winning trades or a loss. This is where automated trading comes in. Often referred to as foreign exchange trading robots, these are sophisticated PC programs that will make trades for you. You just have to setup your trading preferences and let it trade for you on auto-pilot. More information about the Grid Robot Trading

Grid Bot is an one of the most recent currency trading robots to be released for the Metatrader4 trading platform. Till not long ago, Expert Advisors ( EA ) were available only to money managers, hedge funds and banks. Until the last few years, EAs were well out of reach for anybody but the most dedicated professional traders.

When I first read about the Grid Bot what surprised me the most was its cost. How could something that claims to deliver so much profit, sell for so little? Software as robust as this frequently costs thousands of dollars. Can an Expert Advisor in this price range really trade profitably, absolutely on auto-pilot? Well I had my doubts, it just did not seem possible.

Here is what is claimed by the designers of Grid Bot.

Forex GridBot Claims
Automatically Make Money Every Day Without Doing Anything
The Forex Grid System Requires NO Knowledge of Forex
You Could Be Up and Running in 10 minutes
Advanced Money Management System
Profitable With Real Money
100% Money Back Guarantee

Those are pretty some pretty wild claims right?! I mean if FX GridBot is even capable of half of what they’re claiming, then that would be incredible!.

#1:
Grid Bot is a 100% automated trading system. This is in fact the only way to trade Forex, unless you’re a super human professional Forex trader with years of expertise, and don’t mind staring at PC screens, day in and day out. A Forex robot trades systematically, without emotions like greed and fear. It is these emotions that often prevent most human traders from being successful. However trading with a Forex robot which has proved itself to be consistently successful, not only can be profitable, it frees your time to do the things you want.

#2:
To successfully trade in the Forex market takes years of study, a methodical trading strategy, thorough understanding of technical indicators such as support, resistance levels, moving average crossovers, Fibonacci sequences, etc. the list goes on. And above all nerves of steal. You must be able to trade without emotion and possess super human powers of concentration to turn all that theory| into profitable trades. Or at least that is the way it used to be.

Grid Bot takes care of this for you, so you don’t have to. Its like having a veteran forex trader slaving for you enthusiastically twenty-four hours a day. Trading without emotion, putting complex trading speculation into practice. That’s what PCs are for any way, they should do all the leg work for you. You just choose your trading style and set it to start practice trading on a demo account or live trading with real money.

#3:
Yes this is certainly the case. This is the wonderful thing about automated trading. All the hard work in coming up with the system and developing the robot has been done for you. For a one time investment you are getting access to years of expertise, thousands of hours of study and development and testing. You can literally have your robot set up and configured inside mins of downloading it and start trading a demo or live account virtually right away. Once setup, you can walk away and leave it to run on auto-pilot virtually 24/7. If you’re able to use a web browser to download a file and able to follow some simple instructions on how setup your Grid Bot Expert Advisor, then you can literally be up and running in 10 minutes. They’ve even included a step by step setup video that will walk through the complete setup. It’s so easy that even my grandma would be able to setup Grid Bot. More information about the Grid Robot Trading

#4:
The Forex Grid Bot uses a proprietary Money Management system that keeps control of your profits and cashes in each time. Unlike human traders, the Advanced Money Management System or AMM system doesn’t suffer from greed. It knows how much to risk and when to exit the trade and cash in. An advanced cash management system is what seperates the successful robots from the failures.

#5:When it comes to FX trading, at the end of the day just 1 thing matters. Is the system profitable with real money? The Forex Grid Bot team are putting their money where their mouth is. They are running multiple live trading accounts and publishing the results daily to their website.

#6:
This makes buying and trying out the Forex Grid Bot and simple decission, because you are protected by a full sixty day, 100% refund guarantee So you have zilch to loose and everything to gain when you get Grid Bot.

More information about the Grid Robot Trading

By the time I was done playing around with Forex GridBot, I wanted to give my aching brain some rest.

Not only can the Forex GridBot analyze the market minute by minute and left to run 24 hours a day seven days each week. It actually learns and gets better over a period. To round it off it immediately sets stop loses so that you’ll never loss your shirt on the rare occasions where it enters a losing trade. If only our family pal had been using something like GridBot. Well fortunately with Forex GridBot he’ll have a 2nd chance.
How to get the most out of Forex GridBot?
Most Forex GridBot users are going to get it all wrong and they could lose some money. Do not take this gently. Afterall, Forex trading can make a large amount of money but only when done the correct way, in reality it’s the only way. Get it wrong and you might lose hundreds of greenbacks in no time flat.

Which is why I’ve created this special one time bonus for the folks that want to buy Grid Robot Trading

Technorati Tags: Forex Grid Bot, forex trading, GBP JPY, grid bot robot review, grid trading, usd jpy