This is a heads up message to all traders.
The brokers are required to send daily statements out to traders. It is easy to assume all is OK and not verify balances (or review the statements) but recently a big broker (FXDD) had some 'problems with statements' and they came out with incorrect balances..of course less than what the MT4 platform showed.
Bottom line..please be sure to look at those statements if you can twice a week to verify the balance matches your MT4 platform balance. There should not be a difference. If so, contact your broker immediately and demand they correct it.
To your success!
Thursday, November 4, 2010
Forex EA Review Sites - Pros and Cons
Many Forex traders count on the Forex Software review sites to determine if a specific system or Expert Advisor is worth buying. Unfortunately the reviews on some of the sites are tainted and Forex Traders using these sites should be aware of what could be going on behind the scenes.
Being one that is offering systems and EAs for sale, we are occasionally contacted by those stating they have a review site and asking us to provide them with free software to test. Here is how I usually reply to such requests:
We don't offer free product for those wanting to test or consider promoting our products. We do offer referral fees to clients, but not 'affiliate sales'. Our EAs are not on Plimus, ClickBank or other similar service. PipMania does have a link to the live data feed, so potential buyers should be ok with that..other than they might trust a review site over our testing. One of the main concerns about other people testing our EAs, especially if they are just given the EA, is that they likely won't read the entire guide and follow the recommended trading rules. Though there are some runs that can be set up to run non-stop, we found the best success comes with filtering events. Most of our EAs work that way. Clients are advised to review the upcoming news for the week each weekend to determine the trade times for the EA. PipMania can be set up at the beginning of the week and left to run non-stop. Paradise and Trumpeter can also be set up that way. But many testers, typically don't want to fuss with this so they will likely not have as good of results which could possibly give the EAs a poor review.
We are here to work with clients to give them any assistance they require to get them seeing consistent success. Because we don't do affiliate sales, so to speak, our client base is small and it allows us to give better service. Most clients only need help in the beginning, or prior to purchase.
A site that seems to allow honest reviews: Forex Peace Army.
You can read our reviews at this link:
http://www.forexpeacearmy.com/public/review/www.secretsfromtheheart.com
Sites that have removed favorable posts from our clients: Forex Factory
The posts can still be read here but have been moved to Recycle Bin:
http://www.forexfactory.com/showthread.php?t=25817
Another site where a client posted favorable reviews and they were removed and the client was banned from posting: the forum at Forex-FxTrader.com
Here is the thread, but like I said our client's posts were removed (apparently they weren't happy that we didn't give them free product):
http://www.forex-fxtrader.com/forum/colleens-corner-expert-advisor-tests/664-pipmania-other-eas-secretsfromtheheart.html
We hope you find this information helpful.
Being one that is offering systems and EAs for sale, we are occasionally contacted by those stating they have a review site and asking us to provide them with free software to test. Here is how I usually reply to such requests:
We don't offer free product for those wanting to test or consider promoting our products. We do offer referral fees to clients, but not 'affiliate sales'. Our EAs are not on Plimus, ClickBank or other similar service. PipMania does have a link to the live data feed, so potential buyers should be ok with that..other than they might trust a review site over our testing. One of the main concerns about other people testing our EAs, especially if they are just given the EA, is that they likely won't read the entire guide and follow the recommended trading rules. Though there are some runs that can be set up to run non-stop, we found the best success comes with filtering events. Most of our EAs work that way. Clients are advised to review the upcoming news for the week each weekend to determine the trade times for the EA. PipMania can be set up at the beginning of the week and left to run non-stop. Paradise and Trumpeter can also be set up that way. But many testers, typically don't want to fuss with this so they will likely not have as good of results which could possibly give the EAs a poor review.
We are here to work with clients to give them any assistance they require to get them seeing consistent success. Because we don't do affiliate sales, so to speak, our client base is small and it allows us to give better service. Most clients only need help in the beginning, or prior to purchase.
A site that seems to allow honest reviews: Forex Peace Army.
You can read our reviews at this link:
http://www.forexpeacearmy.com/public/review/www.secretsfromtheheart.com
Sites that have removed favorable posts from our clients: Forex Factory
The posts can still be read here but have been moved to Recycle Bin:
http://www.forexfactory.com/showthread.php?t=25817
Another site where a client posted favorable reviews and they were removed and the client was banned from posting: the forum at Forex-FxTrader.com
Here is the thread, but like I said our client's posts were removed (apparently they weren't happy that we didn't give them free product):
http://www.forex-fxtrader.com/forum/colleens-corner-expert-advisor-tests/664-pipmania-other-eas-secretsfromtheheart.html
We hope you find this information helpful.
Thursday, October 28, 2010
FIFO Brokers - EA changes
Due to the brokers that are adhering to the FIFO (First In First Out) rule we have coded an option feature in the Paradise and Trumpeter EAs so the client can choose to have the EA close trades on that basis. We also added the new Reassessment feature to the Paradise EA, which we had recently added to the Trumpeter EA. Clients needing an updated version should contact us and it will be sent at no additional charge.
The Paradise Guide and xls file have also been updated inside the special Private Client area.
The Paradise Guide and xls file have also been updated inside the special Private Client area.
Sunday, October 10, 2010
Trump2G New Version released
It has been over 6 months since the last revision to this EA but we found a recovery method for when the EA gets caught in a bigger move which we coded in the new version. In back testing this new feature works for most instances but it is still recommended to do the weekly event filtering. Details of the changes for clients are posted on the Trade Call page. The new version is Trump2G5.
Friday, October 8, 2010
FX News Data XLS Updated
The FX News Data XLS file has been updated with events logged through 10/16/10.
To download the free file go to the Forex Home tab and look under 'Education'.
Click HERE to go to Forex Home.
To Your Success
To download the free file go to the Forex Home tab and look under 'Education'.
Click HERE to go to Forex Home.
To Your Success
Thursday, October 7, 2010
Paradise EA Success Guide revised
An revised version of the Paradise Expert Advisor Success Guide has been uploaded to the Private Client Area. This combines the previous guide with the supplement. A revised XLS file should be posted in the next few days, updating the older settings with the current version fields completed.
Currency Trader October Issue
Free Download Available for the October 2010 issue of Currency Trader magazine HERE.
Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!
Subscribe to:
Posts (Atom)