reference

continuous improvement, varieties, flexibilities are keys to success

added 71019
http://www.forexfactory.com/showthread.php?t=52397

forexgen scam? maybe not, but...

I have made a withdrawal request on 3rd of october 2007 for my account with Forexgen.

Forexgen withdrawal policy :

Withdrawal requests are processed during the same business day. Please allow a few hours for the accoutning department to process and clear the payment. Funds may take more time before it arrives to your bank account depending on the bank and location and also the time the wire transfer request is issued.


Forexgen told me to wait till end of the day yet they gave me the same answer everyday.

I would advise everyone not to put any money yet with Forexgen.

Finally I got my money back 9/10/07, but I would not recommend Forexgen yet.

Promotion EA blessX & blessTREND OCT 2007

get sets of EA:

1. BlessX ver03 and
2. BlessTrend ver03

for USD1 egold for account Liteforex registered through this link:

http://www.liteforex.org/mas/default.php?uid=900000185

send email to mygold11@yahoo.com your trade account number, account type and total deposit so reasonable lot size setting will be given for optimum result.

this offer is valid until end of october 2007.

KF7 entry

combination of kuskus & fisher, thanks to shampd for fisher.

EA BlessTREND is released

hedging, retracement and trend follower system combined.

Only for members account registered at any of those link listed.

Special promotion: will be given to member of LiteForex.

fee: small fee for consultation.

LiteForex member's link:

1.
2.
3.

broker review

List of FX Brokers

By rank in choice:

1. Pfgfxlite (official web link)
- depo min usd10, smallest lot 0.01 (1p=$0.10), unlimited depo
- platform mt4, tp min 5p
- reasonable moving chart
- egold, wire transfer
- mt4
- mobile mt4

2. Forexgen (?) - testing, request withdrawal 3/10/07, still waiting, still not getting paid 5/10/07.

3. Liteforex (official web link)
- depo usd1 minimum, smallest lot 0.1 (1p=$0.01), minilite unlimited depo
- platform mt4, tp min 10p
- reasonable moving chart
- no swap free account
- egold,wire transfer, LT
- affiliate program
- mobile mt4 for pda
- mobile mt4 for smartphone

4. Fxopen (official web link)
- depo usd1 minimum, smallest lot 0.1 (1p=$0.01), micro, limited to usd199
- platform mt4, tp min 10p
- reasonable moving chart
- swap free account
- egold,wire transfer
- affiliate program

5. Fxopen MLY (official web link)
- depo usd25 minimum, smallest lot 0.1 (1p=$1), no micro/mini
- platform mt4, tp min 10p
- reasonable moving chart
- swap free account
- egold,wire transfer, LT
- affiliate program


6. Fxcast (official web link) NOT RECOMMENDED FOR THE TIME BEING due to suspicious false spikes to hunt stoplosses.
- depo usd1 minimum, smallest lot 0.01 (1p=$0.10), micro unlimited depo
- platform mt4 (fxcast-pro), tp min 10p
- fxcast swing (eu spread 1)
- very fast moving chart
- swap free account available
- egold, ebullion, liberty reserve, edinar accepted
- affiliate program

EA BLESS X ver04

EA act as your assistant. most effective when market is ranging so set short and long.
change setting to long only if you sense strong uptrend.
change setting to short only if you sense strong downtrend.

3 order max buy and 3 order max sell for version 3 (simple or counter lot)
4 order max buy and 4 order max sell for version 4 (simple or counter lot)

Bless EGP is released

after reviews, EA Bless EGP is finally completed.

4 sets of EA for EUR/GBP.


Expert Advisor Bless EGP13

Expert Advisor Bless EGP1130 statement

Expert Advisor Bless EGP11 statement

Expert Advisor Bless EGP1330 statement

Download EA Preview here

Higher return comes with higher risk. These EA has been designed for moderate return. Higher returns require good strategy EA combined with manual and proper control. Leaving a higher return and higher risk EA is not recommended.

Higher risk EA with higher return is available for experience trader.

BlessPlus SS

Promotion EA BlessPlus

EA BlessPlus is designed with systematic hedging of same pair to reduce risk and maximize profit.

2 main type:

1. BlessPlus EU
2. BlessPlus EG

potential return of 20-60% per month depending on market activity.

at this moment, these EA's are only available for member's with acc registered through these links for a small fee:

1. http://www.liteforex.org/mas/default.php?uid=900000185 or

2. http://www.fxegypt.com/index.php?id=17872

setting will be given based on capital.

for consultation, reasonable fee will be charged.

email to mygold11@yahoo.com for your EA stating account type and capital for proper setting.

Turtle Rock revised

to increase performance, Turtle Rock EA will be revised. New version will be released after live test is completed.

Order EA Turtle Rock

Turtle Rock price: RM333

please provide your trading account number for your order. 1 purchase for 1 account number only.

special promotion is available with certain requirement.

can be purchased by paypal, special offer will be done once in a while at ebay:

http://www.ebay.com.my/viItem?ItemId=130136589837

http://www.ebay.com.my/viItem?ItemId=130136592881

special offer at ebay:

Forex class

Classes normally conducted at these 2 locations:

1. Seri Kembangan, KL. Fee normally RM350.
2. Pasir Gudang, Johor. Fee Normally RM250. and normally during live trading.

session includes:

1. using metatrader platform.
2. simple indicators.
3. technique and strategies.
4. how to use EA.

freebies depends on on-going promotion. Trial version of Turtle Rock limited version.

get EA Turtle Rock at RM150 only for attending next classes. contact me on how to get this EA at special price. promotion is still on.

707 LIVE trade with Turtle Rock EA and manual scalping

http://www.imra7.com/tr_707_11.JPG

http://www.imra7.com/tr_707_13.JPG

http://www.imra7.com/tr_707_13b.JPG

http://www.imra7.com/tr_707_19.JPG

http://www.imra7.com/tr_707_20.JPG

positions still open 70713 n closed 70719

these are two positions still open. see the time of trade opened, same time. we will see when this trade will be closed. trade closed. new trades opened.

why 0.4lot eu and 0.3lot uchf? (both buy)

becoz eu move slower than uchf most of the time in term of p.

and I have 0.1lot to play around for scalping eu sell or 0.1lot uchf buy without jeopardizing my margin very much whenever opportunity to scalp is available.

how we profit then?

eur/usd and usd/chf move in opposite direction at almost same rate. almost.

eur/usd up, usd/chf down.

eur/usd down, usd/chf up.

almost but not perfect, not 100%. correlation could vary between 0.80 to 1.00.

generally 1pip for eur/usd for 0.1lot value usd1. 1pip for usd/chf for 0.1lot for usd/chf is usd0.80.

these two pairs move at different rates but almost symetrical.

there are times when 1 pair is moving and the other is not.

if we buy eur/usd and buy usd/chf, 1 trade will be positive, 1 will be negative.

There are times when positive trade value is more than negative trade value, and also times the other way around.

Positive value and negative value rarely, rarely move away very far in term of pips.

When the positive trade value is more than the negative value, net profit is achieved.

This happened few times almost everyday. So we could make profit by closing both trades when net trade is positive.

The important factor is margin and timing.....(to be continued)

eur/usd usd/chf movement

see the point?

my scalping technique lesson 1

some brokers do not allow scalping - closing trade very quickly. so choosing a broker also need to consider this.

normally i scalp pair EU because of its low spread either 2 pips or 3 pips.

specs:

pair EU
timeframe m5
indicators:
ADX (average directional movement index, stoch oscillators, parabolic SAR, ema 12, 144, 169)

ema is to determine overall trend. always refer to bigger timeframe to determine better picture of overall trend, yet trend is unpredictable.

candle and parabolic SAR always find each other then separate then get close again.

ADX to determine if the movement is still have energy.

Stoch to determine if the move is going to stop and reverse.

even simple inidcators might not be necesary

General Rules for Trading Systems

* Understand why you are trading in the markets. Are you seeking
a gambling thrill or are you serious about making money?
* Use a system and don't deviate from it.
* Use money management at all times.
* Establish your trading plan before the markets open.
* Detail your plan for each trade.
* Establish entry and exit points and understand risk reward ratios.
* Accept small losses as part of the game if you want to win.
* Trade markets from the short side.
* Maintain a strong and honest relationship with your broker.
* Develop a business plan. Speculation is a business.
* Stay the course so you are around for the big moves.
* Don't blame the market for your losses. You are the reason for
your losses.
* Develop a trading plan for each potential situation you may face.
* Do not look at quotes during the day.
* Do not concentrate on break-even levels when you are losing.
* Remember that break-even levels do not impact on the future
success of a position.
* Don't liquidate a winner to keep a loser.
* Develop and maintain an exit plan. Follow this plan with rigid
discipline.
* Remember that greed kills.
* Never add to a losing position. A losing position means you were
wrong.
* Sustain your patience. Big movements take time to develop.
* Remind yourself there is nothing new in the markets.
* Don't predetermine your profits.
* Avoid techniques you don't understand.
* Don't be overly curious about the rationale behind a move. The
key to wealth in trading is simplicity.
* Trade money not markets.
* Bulls and bears make money, but pigs get slaughtered.

turtle logo

hedge live 2

live trade using hedge technique assisted by auto trade program.

hedge live 1

hedge live 1 result.

hedge demo 1

this is 1 of my trade account using the simple turtle technique.

Lesson 6 - hedge

hedging is simply the easiest way to trade.

it could also be the safest way to trade.

when I started trading, I worked on how not to loose not how to profit.

if the broker do not allow you to hedge, dump it. it is clear that the broker want you to lose money. some broker allow hedge at small volume, but disallow or block your hedge at higher volume, dump this broker too.

hedging is the only way to save your money from margin call provided you have enough capital and know what to do next.

stop loss only reduce loss.

hedging mean buy and sell the same pair. this will lock some margin depending on the hedging extent. this is not a way to make profit, but to safe your capital only.

indirect hedging means buy and sell 2 or more pairs at the same time to lock your margin. this require some knowledge and some capital flexibility.

Lesson 5 - trading strategy

amount of capital must be prepared for any trading strategy.

different strategy require different amount of minimum capital.

it is best to open mini account even if you have big capital. because no capital is big enough.

few trading strategies:

1. news trading. (high risk, high return, high loss)
2. carry trade. (low risk, low return)
3. swing trading. (medium risk, medium return, medium loss)

strategies and techniques are slightly different.

techniques are things to consider before you enter your trade.

Lesson 4 - indicators

no one knows if the market is going up or down.

most are predictions only, some predictions are more accurate than others, but none can claim to be 100% accurate, none!!!

best predictor or wave system are only 85% accurate, none can claim to be 100% accurate.

indicators are tools to assist to predict/assist us to some extent, use it to guide you, but do not depend on it 100%.

I use few indicators only - moving average (ema 144, 169, 12), adx (average directional movement index, stoch oscillator and parabolic SAR.

market is actually unpredictable, trend can change anytime from up to down or vice versa.

Lesson 3 - pairs to trade

different brokers provide different sets of pairs to trade.

however it is best to trade 1 or 2 pairs only.

choose the most active pair.

consider the spread (lower spread is better).

I trade EU (eur/usd) and UCHF (usd/chf).

EU has smallest spread, depending on brokers, some offer 1 pip, some 2 pips, few 3 pips. Don't join broker that offer spread more than 3 pips for EU. They simply taking away your profit.

Lesson 2 - things need to know be4 trading

1. broker - company that you deal with
2. platform - trading software
3. spread - differences of buy and sell price
4. leverage - how much does it cost your margin for every lot
5. swap - charges +ve and -ve
6. margin call level
7. broker policy on hedging and scalping etc
8. broker history (ask others' experience)

Lesson 1 - who should and who should not trade

Forex trading is a biz.

Biz need investment.

Any investment is risky.

No risk no gain.

Higher risk higher gain, lower risk lower gain (maybe).

Any biz will start with losing 1st (otherwise everyone will join biz).

To make money your must be willing to lose money.

if you understand those facts , then you can trade forex, otherwise, please stay away.

EA expert Advisor

Why do 90% of forex traders lose?

Traders are humans and like all humans, we suffer from greed. Like all
humans, in crucial moments (or market conditions) we lack confidence,
we have fear of what might happen and most importantly, we are usually
(90% of the time) - inconsistent.

Taking this into consideration, 90% of traders WILL LOSE MONEY IN
FOREX. They will consistantly give away their money to the other 10%.

This, together with the illusion of becoming millionaires overnight
trading some "guru's" trading system from an ebook, is what keeps the
Forex market a great business for Forex brokers and the so called guru's.

If you really understand this, then you can actually MAKE MONEY IN
FOREX...How?

The easiest way to do it, is using an Expert Advisor.

Forex Expert Advisor Software - The Benefits
Trading with a robot...
An Expert Advisor is a "robot". Robots beat humans at chess and they
beat humans at trading.

An EA robot will watch the market for you, placing trades under
certain parameters (strategies), avoiding the fear, greed, lack of
confidence and inconsistancy which characterizes most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no
matter how ugly or uncertain the market looks. It has no greed and
will be running 24 hours a day for you.

Just by your interest in and awareness of expert advisors and trading
robots, you are already ahead of the majority of forex traders out
there who are still chasing the holy grail "trading strategy" forex
course or ebook.