Paradise EA set up with No Hedging and FIFO closes

With 71 customizable inputs, the Paradise EA can be set up to trade in a myriad of ways.
Some Forex Brokers do not allow hedging (Buy and Sell trades open at the same time on the same currency pair) and may also require a FIFO close (with multiple open trades the trades must be closed in the order they were placed so that the oldest trade closes first), the Paradise EA can handle that effortlessly.
Click HERE to view sample trading using those 2 features.

Top Performing Trading Systems for Weeks Ending 8/9, 8/16, 8/23/14

Same low range trend continues - The daily ranges of the currencies that we normally trade have recently been half or less than their normal range. This I believe is due to the traders anticipating a forthcoming move (event). I discuss this in greater detail to my clients that belong to the private client areas.

Because of this many EAs are not being traded or are not triggering trades with the normal defaults. While I have suggested some input changes on the Targeted Pips and Breakout Grid EAs, I believe the risks are too great to alter some EA inputs as once 'the event' hits, the markets will likely bounce beyond their normal ranges.

For the week ending 8/9/14:
HeikenGale* on Gbp/Usd closed profit of $29.87
Targeted Pips* with new defaults closed profit of $27.50

For the week ending 8/16/14:
Cruisin* closed profit of $3,150.70 G/U & G/J both were 1 lot each equal to 0.1
Targeted Pips* with new defaults closed profit of $124.64

For the week ending 8/23/14:
Targeted Pips* with new defaults closed profit of $224.53
HeikenGale on Usd/Cad closed profit of $35.65

*Try these and other profitable Forex robots in the SFTH VIP Area.

At SecretsFromTheHeart.com, our approach to running EAs may be different than most you will run across. Because the currency market is so inconsistent, we consider EAs to be trading tools and most of them should not be run non-stop with the exception of swing traders. While we realize Forex traders want a 'Holy Grail' EA to run non-stop and act like an automated cash generator, because of the market inconsistency, this mindset is unrealistic.

We do what is called 'event filtering'. In following the historic results of activity after specific news releases we have learned the more optimum times to run each EA. So each weekend we review the upcoming releases, take into consideration other news and events not on the calendar to determine which EAs to run for the week and when to start and stop them. We tell our clients how to do this in the Success Guide for each EA so they are not just dependent on our analysis.

Targeted Pips EA Trading Results for Week Ending 8/23/14

Due to the currencies daily ranges being below the regular range, we have been adjusting the default values on Targeted Pips. Below is a screen capture of the results for this week showing a total closed profit of $224.53 running on 4 pairs.

Top Performing Trading Systems for Weeks Ending 7-12, 7-19, 7-26, 8-2-14

Same low range trend continues - The daily ranges of the currencies that we normally trade have recently been half or less than their normal range. This I believe is due to the traders anticipating a forthcoming move (event). I discuss this in greater detail to my clients that belong to the private client areas.

Because of this many EAs are not being traded or are not triggering trades with the normal defaults. While I have suggested some input changes on the Targeted Pips EA, I believe the risks are too great to alter some EA inputs as once 'the event' hits, the markets will likely bounce beyond their normal ranges.

For the week ending 7/12/14:
Targeted Pips* closed profit of $23.44 with new defaults

For the week ending 7/19/14:
HeikenGale* on Gbp/Usd closed profit of $93.16
Targeted Pips* closed profit of $50.75 with new defaults
HeikenGale on Usd/Cad closed profit of $31.51

For the week ending 7/26/14:
Breakout Grid Trader* closed profit of $21.60 with new defaults
HeikenGale on Gbp/Usd closed profit of $150.85

For the week ending 8/2/14:
Targeted Pips* closed profit of $125.14 with new defaults

*Try these and other profitable Forex robots in the SFTH VIP Area.

FX News Data XLS Updated

The FX News Data XLS file has been updated with events logged from 8/1/05 through 8/9/2014. This file is a list of the main economic events that impacted market movement. This is especially helpful when analyzing data and results from back testing a trading strategy. To download the free file go to the Forex Home tab and look under 'Education'. To Your Success