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Forex Shocker Explained

Published on January 3, 2012, by in Software.

Read our last article on How to Martingale with Forex EA’s.

Apply Martingale to Forex Shocker

Forex Shocker is an Asian Scalper that only trades for 1 hour per day. The EA can enter from 1 to 3 positions at the same time and can take several different scalping positions within this one hour of trading. The overall results are quite impressive for such a small trading window.

For the last 5 months, this scalping strategy has made a minimum of 6% a month and up to almost 20% with a draw-down of 6-7%. Now to me, a loss of 6-7% in a single for a gain of 6-20% in a month is aggressive. If the EA has 3 bad days in a roll, your account will be at a 20% loss very quickly. However, with a success rate of over 90% this EA suprises most with its ability to make profits 26 days in a row before a loss takes place. That’s amazing!

The EA doesn’t use martingale to keep the equity curve moving north but a precise algothirm that continues to be accurate even during some of the most volatile markets in 2011. So now, you should see why I’ve explained the ins and outs of martingale. Applying such a money management strategy to this EA after EACH losing day, could recover our losses very quickly. If you can handle the extra risk of doubling your Risk ( LOT SIZE ) after each losing day, your portfolio will recover within 2 days instead of 4-5 days. Why this could really work well?

  • Only trades 1 hour per day – The market is slow
  • 90%+ success rate with a maximum loss of 27 pips
  • It is not a broker dependent hyper scalper – Average Trader Duration 46 minutes
  • Real Verified account at Pepperstone

I would suggest running this EA with other EA’s for diversification, since this EA only focuses on an average holding period of 45 minutes. If you are looking for another Expert Advisor that can compliment this scalper, you should check out the Forex Cleaner as its another steady winner which only trades EURUSD.


    Profitable Expert Advisors

  • Forex Cleaner – Swing Trader on EURUSD
  • Forex Growth Bot – Momentum Follower on EURUSD
  • Forex i007 – Long Term Position Builder on EURUSD
  • iDRAW – Trend Line Trading Tool for any currency pair
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HAPPY NEW YEAR 2012: FREE iDRAW EA 1.4.1

Published on December 31, 2011, by in Software.

Celebrating our 2 Year Anniversary

All our valued members will be receiving a HAPPY NEW YEAR gift to keep the pips rolling in for another year. We are proudly announcing the release of iDRAW EA 1.4.1 in the first week of February 2012, but first all our members will have a chance to test out a new feature today. Login, and visit the download link here.

OCO – One Cancels the Other

  • Draw a Wedge with Trend Lines around a consolidation zone
  • Label the Trend Lines just like before
  • Once price ( momentum) breaks out either Up or down, your order will enter and the opposite order will cancel
  • The Trigger Line that is touched first will cancel out the opposite order – A Buy Order #1 will Cancel out the Sell Order #1 – A Buy Order #2 will Cancel out the Sell Order #2 (if used)

Live Example of iDRAW1.4.1

To read more about the other features of our Semi-automated Trend Line Trading EA, please click here. To purchase our Unlimited License copy ( use on any PC, on Any Account at Any Broker) click here.

Wishing you a pip filled portfolio in 2012

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Misguided Americans: “THE IRA SCANDAL” ROTH vs. Traditional IRA Review

Published on December 26, 2011, by in Scams, Useful Tips.

This blog post first started out as a way to share some useful information of how to turn your IRA into a forex trading account, but along the way, I had to cross check several resources and make sure I knew what I was talking about. I discovered that many Americans do not fully understand the ultimate difference and the advantage of the ROTH IRA. Most importantly, mass media continues to misguide the American people. As a result, I’ve noticed or continue to notice that websites often have 1 purpose in mind and unfortunately it isn’t explaining both sides of the story. When we need facts, guidance, and questions answered the same redundant information continues to pop up. As a result, we either have to scroll through dozens of websites based off our generic key words or get creative with our google searches. Furthermore, getting creative normally leads to over expansion from your original topic, but in this case, the results were well worth it.

Before I can share the facts, I want you to answer a few questions and by doing so the rest of the information will make it easier for you to understand.

  • Did you (or will you) make more money at a young age or when you are older?
  • Did you make more money at your first job or after obtaining work experience?
  • Are you aware that your income tax (tax bracket) increases as you make more money?

Quite simple questions, right? And, I’m sure you know the obvious answer here. We make more money as we get older from higher education and more work experience. Now, the next question will be pretty easy as well.

  • Do you think that Taxes will ever go down?

America owes 15 Trillion dollars in debt. US DEBT CLOCK. One of the easiest methods to reduce this amount of debt is to raise taxes over your life span. As a result, there is only is only one IRA account you should consider and that is a ROTH IRA.

Word of Advice from a Professional – ROTH IRA

Misleading Advice from FOX NEWS – Traditional IRA

    If you are young, PAY YOUR TAXES NOW, because

  • Your income sucks and you will be in the lowest tax bracket of your life. When you climb the corporate ladder, you will be climbing the tax bracket ladder as well. More income = Higher Taxes
  • A Roth IRA is only available when your Annual Income is less than about 110k which you may surpass when you are older. You may lose this opportunity to open a ROTH IRA
  • If you pay your taxes now, you will not pay taxes on your capital gains. This means your compounded capital gains are Tax free and you keep 100% of your profits.

Unfortunately, FoxNEWS misguides Americans by saying quite the opposite to the younger generation.

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CNS VPS and 4xWatch Review

Published on December 21, 2011, by in Software.

Unfortunately, every minute your trading platform is not connected to your broker’s server you can miss out on a trade, a stoploss modification, a missed tick preventing your expert advisor from processing, and your trading indicators can go out of sync because of missing candles. Now, this can all be prevented by having a stable VPS provider. Since not all VPS companies care to provide the most reliable service when considering Forex Trading and its time sensitive nature, we need the best.

Here are two solutions to ensure you are getting every tick

4xWatch

Below is a comparison between two types of software that VPS Providers use. Virtuozzo vs. Hyper-V. By using the 4xwatch, the user can have a visual chart of recent connectivity to their broker’s server. Here are the results between the two.

On the first image we see how our Virtuozzo VPS fail for just a few seconds every other minute. That was probably cause by another user/users of the same node overloading the server and cause our MetaTrader to loose an accumulated 27 minutes on just one day. – 4xtrader.net

Our second server is using the Hyper-V technology, it has the same amount of RAM, and it is connected to the same server with the same Broker. However, the 4xWatch reports a totally different story. The connection is rock solid through out the day with only a small disconnect during rollover, which all MT4 servers experience as they need a daily restart.

This demonstrate how important is choosing the best VPS technology, your results will very depending on the load of the non Hyper-V server load. -4xtrader.net

- How to choose the best vps for forex trading

CNS VPS with Hyper-V Technology


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Marketcetera review opens new doors

Published on December 20, 2011, by in Software.

Open Source Platform for the use of automated strategies written in Java Or Ruby. Includes a GUI friendly platform called Photon 1.5.0 or a strategy agent can operate the automated strategies without the GUI to free up resources.

Summary – QuickFix, Esper, QuantLib,

Login Access – wisch – MRKT

- About Strategy Agent –

- Photon 1.5.0 GUIDE

- Strategy Module + Examples of strategies within Proton
- Jruby download

- Marketcetera Support and Forum

– API info for Photon

Speed - Marketcetera’s CEP engine is very fast, mature and stable. Their engine can process 500,000 event a second on a dual CPU 2GHz Intel based hardware, with engine latency around 10us according to their website.

A monthly Fee of 3500-4500? Huh I thought this was open source.
Source —

And after all this research, I’ve realized that Marketcetera is a dead project that isn’t really open source or opening the doors into automation easily… However links to other open source projects were found and they do look interesting enough to try out..

Resources and other sites
– http://www.symphonyfintech.com/
– http://www.tickzoom.com/ — C# — connects to FIX and MB SDK for 1-2k a month.
– http://epchan.blogspot.com/ — http://www.quantopian.com/
– http://www.agoratron.com/our_products.html — MATLAB with Ticks to FIX

– http://www.eclipse.org/ — Java Editor
Alternatives
– http://code.google.com/p/algo-trader/
– http://code.google.com/p/tradelink/

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Economic Health 2010

Published on December 20, 2011, by in Economy.

AUGUST 2010–CAD Trade Balance Down 1 Billion

About 65% of Canadian exports are purchased by the US;
Less Exports= Less Demand= Smaller Growth
Shrinking Economy= Less Jobs
Less Money to Save and to Spend
Businesses cut costs, production, wages, and employment
Workers, businesses, world economies are all affected.
Objective:
Rush into safe currencies until the dust clears and until we see new economic growth and or economical policy reformation.

AUGUST 2010–USD Trade Balance Down 50 Billion

AUGUST 2010–USD New Unemployment Claims

Unemployment is one of the most important Economic indicators to predict the health of one’s Economy. If New unemployment claims are filed, more people continue to lose their full-time employment. Businesses continue to layoff more workers as there is much uncertainty about growth in the next few quarters and possibly longer term.

AUGUST 2010–GBP Retail sales 1.1%

UK Retail sales .7% higher than August forecast. A .4% increase from last month.
While economics still predict weak growth in 2011, consumers are still spending which may have a positive affect on GBP GDP report. If consumers continue to spend and show little resilience to the slowing economy, we may see more investors speculating on pound strength. From a technical perspective, GBP is bearish and the slight rise in Retails Sales can account for increased tourism and summer spending habits. We may see a drastic fall in retial sales after the summer.
Equities World Wide are at a decline and Safe haven currencies still display an upward trend.

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Forex Verified Deletes Channel Surfer Accounts

Published on December 14, 2011, by in Scams.

I was really shocked to see Forex Verified delete two live accounts from their Project Multiply Myfxbook Profile. Deleted accounts:

  • FX – SOL
  • PFG BEST

These two account were near or beyond a 30% draw-down at the time their current Alpari account and Forex.com account were slightly under 15% DD. Why the deletion of these accounts? Was it to hide the fact that Channel Surfing is over?

Now that their two remaining accounts are at a 30% draw-down will Forex Verified pull the plug on the Channel Surfer EA? Well that doesn’t seem to be the case from their recent news letter.

Most Subscribers in Profit?


Lets stay on task and look at the Live accounts on MyFXbook. I’ll choose the Alpari Account since this account has made more trades and is performing better than the Forex.com account.

Account is in profit after the rebates: Fact or Myth?

$5000 Account Balance : trades 0.15 lot x 3
$4 back at Alpari US on Std Lot rt.
240 Lots traded @ $4 = $960 rebate check
$1400 Current Loss ( 29% Draw-down) + $960 rebate check =
A $440 Loss, minus the monthly subscription fee of $795
Conclusion: You are down $1235 after the rebate check

Update: March 21th, 2012

The most recent week ( march 15th-20th) Forex Verified Channel Surfer had its worst week ever. A loss of 15-20% on their remaining live accounts. As an immediate result, they’ve removed the C.S from the shelves and are back to the drawing boards. Development will continue but the next release is unknown. Possibly a new release will come out over the summer as the markets are fairly flat and this might be the best time to release the most updated version..


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Beware: FOREX VERIFIED Precision Signals

Published on December 12, 2011, by in Scams.

Why can’t vendors be honest about their performance? Forex Verified lies about their Precision Signals monthly performance within their December news letter.

News letter states over 500 pips in profit

However, they forget to mention their current pip draw-down in over 500 and closed trades in profit equal 271 pips for December.

This statement below is directly from their website. You can click on the statement tab to see these results by clicking here.

Their Website Claims 286 Pips for December

Does it really matter if the system isn’t profitable every week? As long as the risk/reward and success rate can pull a profit in the end of each month who cares that the system isn’t glamorous each week. Your news letter should of said something like this,

” Due to market volatility and eurozone uncertainty, our Precision Signals will continue to trade through the holidays despite the current 270 pip draw-down. Our Long positions on GBPUSD taken in early November and December will surely come around in our favor in the first few weeks of January.”

Precision signals are floating 270 pips: Not +593

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Welcome to Pipinvestment

Published on December 10, 2011, by in Update.

It’s December and the currency markets are slowly going into a tight consolidation. Most Currencies will stall from here as the holiday’s ahead have most people packing their bags and taking the next 3 weeks off. Surprisingly those are the benefits of being a Forex trader, long term investor, and banker. Furthermore, this is also a perfect time to take a break from trading and wrap up some projects.

What we’ve accomplished in 2011

  1. iDRAW EA – Semi automated Trend Line Trading made simple
  2. Discipline Trader EA - Free Risk Management software for Metatrader 4
  3. 9 Months of profitable trading from April 2011 to Dec2011
  4. A completely painless signal service
  5. Access to Spreads on EURUSD as low as 0.6 w/comm. $2.50 STD Lot RT @ ILQ
  6. Many Forex scams uncovered
  7. Members can now download our iDRAW_Free_version and Discipline Trader EA from our website
  8. We suggested one Commercial EA that is still profitable and going strong
  9. You can follow us on Youtube and now our live trades on Twitter
  10. Website is functional and easier to navigate
  11. We finally started a news letter service – sign up today
  12. Launch of our Services – Check this out –

What can you expect in 2012

  1. iDRAW 1.5 EA
  2. Discipline Trader 1.2 EA
  3. Our latest EA – i007
  4. Automated Signal Service
  5. Managed Account Reviews and Listing Board
  6. More scam busting/warning
  7. And, another years worth of profitable Forex trading
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Forexiva’s $399 Clapan EA is a Free Ilan1.6 EA

Published on December 4, 2011, by in Scams.

MyfxBook Member Clapan once had a live account with open trading history. Within that trading history, the comment field displayed Ilan1.6. That was the first sign of Scam because Ilan1.6 is a free EA all over the Forex forums. Depending on what version you get your hands on, it may or may not have a fixed lot option as the initial design is ” Add Bigger Lots until a reversal takes places.”

There seams to be a few disagreements within the forums about Martingale or not. The most obvious evidence is the live account on ForexPeaceArmy as their account on Myfxbook was deleted. Here’s the trading History. This is what I noticed.

    Clapan EA Explained

  1. Demo Account
  2. EA enters on M5 bars – 17:05 -17:10 – 19:30 -22:50 etc
  3. Clearly Martingale – June 2011 -USDCAD – 0.1 +0.1 +0.2 +0.2 +0.3 +0.3 +0.5 +0.8 + 1.10 And reversal
  4. In July an update was made and Entry Times are dependent on strategy and not M5 bars.
  5. Only 3 trades in August – SNB intervention went in their favor. BUY on USDCHF closed at 700+ pips
  6. Only 6 trades in September
  7. Only 1 trade in October
  8. Only 1 trade in November
  9. 12 Open positions on USDJPY which go back to July 2011 ( Over 300 pips ago)
  10. Hope and Hold Martingale Grid with No Stoploss
  11. Relies on retracements and basket profit to close trades
  12. Looks good on paper, but it would have surely blown your account on any intervention against your positions.
  13. Since you can get this strategy for Free from many FX forums , Clapan EA is a FOREX SCAM

<--- Here’s the Forum on the Deleted System at Myfxbook —>

<--- A Brave Soul using Ilan 1.6 on a Live Cent account at InstaForex --->

Results always look good on these Martingale Systems, but they normally have the same end result. Bust.

A Real Review and not a backtest =)

I have been running this EA in July. I feel that this “EA” is nothing more than an expensive trade copier using their signal service which is based off running some dubious grid/martingale EA.
Sure you can disable the martingale/larger trade aspect of this “EA” but at the end of the day what are you really getting? The only options are lostsize, % risk and % max drawdown.
Using 1% risk and 30% DD (the recommended settings) this “EA” has managed to hit over 30% floating drawdown. Not bad for specifying to risk only 1% of account. One trade by itself was over 12% of account.
Extremely disappointed and annoyed with this EA and the sellers. Not only do you have no control over trading variables but what you can control is ignored anyway.
Have been trying to get a refund within the 30day window but seller has been arguing for the last week about why I should continue to use it….

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Cyber Forex EA Review

Published on December 3, 2011, by in Software, Useful Tips.

Cyber Forex EA

Cyber Forex EA was an Asian Scalper/traded roughly for 4 hours when the markets were slow. There were no Hard Take Profit or Stoploss within the backtests or within their trading history. Their Live account lasted for a few months as lot sizes and deposits were both increased in hopes of a rebound from a previous loss. These needed funds were needed to prevent the account from blowing shortly after their initial launch. It was said that their strategy had a correlation hedge if the main trade on EURUSD were to face a significant draw-down. Also their support team supposedly monitored and OK’d each signal as their approach to a New Generation of Automated Trading. There were several multi-timeframe and news filters that were suppose to prevent unnecessary risk. However, in the end (oct 2011) a $200 withdrawal was made and the account suffered its last round of losses from manual trades.

A list of their mistakes on attempt #1

  1. Only 2011 Backtests
  2. No Hard Stoploss or TakeProfit
  3. Correlation Hedging
  4. Add more funds to keep the system afloat
  5. Over Leveraged
  6. Tight Grid
  7. Compounding after a win
  8. No ClickBank/Plimus – Only Paypal with no refunds

The results were pretty good for the first 20 days, but after their first loss, we knew their system was another fluke with no stoploss and small take profit. Did they learn from their mistakes? More importantly, can we?

#1 Trader’s Choice: CNS VPS


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© Important Disclaimer: Pipinvestment provides a technical and support service. We are not registered or licensed trading advisors. We do not make trading suggestions to our visitors to buy or sell any particular Forex currency, security or any financial instrument. The expert advisors we provide are solely software algorithms used as an automated strategy that operates independently. Expert Advisors provide trading signals on their discretion and nothing more. Trading Is Risky: Possible Loss of Funds. Never trade with funds that you cannot afford to lose. All trading investments (Forex, stocks, options, futures, etc.) are risky. Never trade with borrowed funds or your life savings. Use only risk capital and always start with a risk-free DEMO account before using any real funds to trade. U.S. Government Required Disclaimer: Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex market. Don't trade with money you can't afford to lose. This web site is neither a solicitation nor an offer to trade forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. Pipinvestment will not be held responsible for the reliability or accuracy of the information available on this site. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Pipinvestment.
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