TRADING TIPS

Here are some links to trading systems that I like and use right now. And also some warnings about EA’s that I have tried and that didn’t work.


FOREX TRENDY – GREAT FOR MANUAL TRADING

This website gives you alerts when there is a good trade coming up. You can set it to which pairs to inform you about and what time frames.

I prefer setting it to higher time frames (H1, H4, Daily, Weekly and Monthly). Then have it running on a VPS in a separate browser window and sending an e-mail when it’s time to trade. It’s really cheap (only $3 a week to get these alerts, but you pay for 3 months and then the payments will be billed every 3 months as long as you want them to keep on doing what they do).

This is a great way to trade manually. The scanner is checking a lot of pairs and time frames and tells you when things look right. Usually it works, but sometimes not of course. But so far it’s been around 8 out of 10 winners, which is really awesome.

The scanner can also look for common trading patterns (like triangle, flag, aso) and inform you when a pattern is formed and tell you when the currency pair is moving outside the pattern in a typical direction. I only use that one with the higher time frames. But I prefer the Trend follow system that they have, which is working really great.

So you get both trend alerts and pattern alerts and you can use the settings to select if you want them as alerts in the browser or sent as an e-mail. You can also set which timeframes to use and which currency pairs you don’t want to trade (or ones that your broker don’t support). This is really great and makes it easy to trade manually. Just wait for an alert or e-mail and make the trade.

An e-mail can look like this:
Uptrend, AUDNZD, H1, Trend Drawdown: 17.1% (28 pips)
With this information you can see that the AUDNZD is now in an uptrend, so you should make a BUY. And you can set the stop loss a little further back than the max drawdown, because this is what the system calculate to be the biggest “wave” that this pair is moving in the other direction. This way you can make enough space for the currency to bounce a little before continuing in the right direction. So I would put the stop loss 30 pips below the drawdown amount shown and then I set a trailing stop following behind until it reach a nice profit. Probably the same trailing stop would be fine. Really easy and explained great on the their website. There is a short video on their site explaining this a little more. And like always I will help my traders if they want my help.

Click the banner below to read more on their site. Or download a free e-book here: ForexTrendy ebook


ROULETTE TRADER – A CYCLE ROBOT SYSTEM

Don, who came up with these robots is very helpful. He is sharing a special system that he call the Roulette Trader. When something is going a little wrong or needs to be adjusted, he sends an e-mail with some great info on how to make the trades work better. He is really helping out.

He have a system that is working in cycles to make profit after a certain amount of trades. It is not the old Martingale system, which can make your account crash if it doesn’t move correct. The Roulette calculations that Don came up with seems a little special and use his special formula. I run it on a couple of tabs on one account with the setup he told me to use on GPY/JPY. They all use a different cycle period and I run it on two M15 timeframes, one on M30 and one on H1. Of course I help the traders following me to set it up as well if you want me to. This is a great trading system so far.

Here is a link to his system (I bought the whole pack which included a bonus robot, but right now I’m only running the 15 min GPY/JPY and the 30 min GBP/JPY systems. Roulette Trader


MY OWN SETFILES

I also have some free EA’s for those signing up with my recommended broker through  my link (which you can find on the start page). I have some setfiles that make some nice profit and I am also working on the final part of my own EA that will be available for free to my traders. Hope it will be up and running soon. Just sign up with my broker and send me an e-mail or through the Facebook-page and I will let you know when it’s available (for free).


FOREX PULSE DETECTOR – NICE PROFIT

This is a robot I bought a long time ago but forgot to add it to my new VPS, but now it’s up and running and it’s doing a nice job. There is a link to a live account on their web site where you can see how good it is. I have changed some of the default settings to make it work better. Since I help people trading with me I can help you with these settings, just let me know if you need help. CHECK IT OUT HERE


BEST FOREX SCALPER ROBOT

This is a Scalper working during the Asia Session when the market is calm. It works on the M15 timeframe and best on EUR/USD and GBP/USD.b It’s making some nice trades and is definitely worth a try. There is also a 30 days money back guarantee on this one, but the price for this one will probably pay back after a short time. There is also a live account on myfxbook where you can see the real trades of this one And if you use the Coupon Code: CNNY you will get it at a much better price. BUY IT HERE


EVERTECH FOREX ROBOT – A BAD ROBOT

This robot was great, but I just got info from one trader that their account crashed, so I guess that EA wasn’t as good as they promised. So I want to warn you about this EA.


FRARELIN FOREX ROBOT – WARNING!!!

This was a good EA, but all of a sudden it stopped working for me (said it was unauthorized). I contacted the company and they sent me a new EA and that one was not the same and doing as good as the previous one I paid for. So I sent an e-mail to their support a couple of times, but no answer. So, until they reply to me I wouldn’t recommend this EA anymore. The old one was good and made som nice profit, but I have no idea why they changed stuff and won’t reply. And all of a sudden the new one started making trades and actually blew my account I had on that EA in just 2 hours. So, stay away.