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WallStreet Forex Robot latest Product Release: Volatility Factor EA

Published on March 31, 2012, by in Software.

My Email Box continued to get bombarded by more affiliates telling me to buy this EA just because its the latest thing to promote. I’ve been ignoring them for over a few days but I decided to investigate as a reader asked in particular about the latest Metatrader Expert Advisor. Once I found out that the developers were from another already popular EA I found the inspiration to write this.
Volatility Factor
The expectations of WallStreet’s second EA will definitely be high considering their ongoing success with the original. Lets get started… I did a quick glance on the trade history and their Volatility Factor EA uses a strategy that I’m quite comfortable with, ” Averaging Down”.

Performance:

January 10% – February 9% – March 1% with 11% Drawdown

The Review:

Currency Pair:

Trades GBPUSD on a M15 Chart. While they also offer a license to trade on EURUSD, I’d disreguard the upsell and only go with the GBPUSD license since the EA placed over 240 trades on GBPUSD and only 15 on EURUSD.

Strategy:
Attempts to Catch the Reversal. Sell the Highs and Buy the lows style with a Grid based averaging down approach to increase growth but as result adds more risk/drawdown. While Grids are typically in Fixed Units, this EA has a variable Grid which means that the Grid distance is dynamic. The good is that in a tight consolidation your Takeprofit might be small but after 3-4 positions stacking up the end result can be a nice gain. This concept also supports the First in, First Out trading regulation in the States (FIFO). On the other hand, if the market’s swift nature moves quickly enough to trigger many orders within a tight grid distance, the drawdown will scare anyone not using conservative setting. For readers who purchase this EA and would like to know more about the algorithm please contact me.

Warning:
The fatal flaw of averaging down or using a type of grid, is that there has to be a limit, a loss, a STOP, otherwise this EA is nothing better than any other grid based EA. Please use our FREE Discipline Trader EA ( Position Manager/Risk Control Module) to prevent any excessive losses from using this EA. The Trading History has shown more than 4 open orders at once. While using our EA, you can limit the amount of open positions which can save your account from entering a long period of drawdown.

Averaging Down

    Volatility Factor Highlights

  • Averaging Down
  • Dynamic Grid Distance
  • Supports FIFO for US customers
  • Vendor Account trades with Real Funds
  • 60 Refund Policy through ClickBank
  • And iDRAW for free

Cost: $299 – Buy it Now!

Promotional: Free iDRAW EA – Thank you for taking the time to read my first review on Volatility Factor. If you’re interested in the purchase of this EA and would like to be rewarded with a Single Account License of iDRAW EA ( our popular Trend Line Trading Tool worth $147) please purchase through our affiliate link located within the Banner below. Then email us with your purchase receipt and the Account Number of your Metatrader Account that you wish to use your single account license for the iDRAW EA.

Why iDRAW with Volatility Factor?

Buy V.F today and We’ll share why the two strategies complement each other.

Volatility Factor

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How to Restart MetaTrader or Any Important Program after a Crash

Published on March 5, 2012, by in Software, Useful Tips.

Through the years of using Metatrader I’ve had this program crash for unexplained reasons. Whether I was around to notice it immediately or a few days later, it is a thing of the past. Today I came across a simple program that monitors running programs and if one of your selected programs crash for any reason, this application will automatically reopen that program.

How to use

    Down Load Here

  • Install with a double click after unzipping the folder
  • I’d recommend running the application that you would like to use this software with as you can “Select a Running Application” once you click the ADD button

    • Select the needed applications and click ” It isn’t Running” and then OK

  • The last step is to click on the Settings Tab after selecting all the needed applications and click on ” RUN RoC when Windows Starts” to ensure this software is always monitoring your important programs while you can not.

You can use this software on your VPS to reboot your programs after a systems update/restart!

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FX Rogue: EA Trade Copier Signal Service

Published on February 23, 2012, by in Software.

Watch out, this sales page is pretty good and has all the emotional, realistic, edgy stuff that makes you want to try it today. $67 a month for a signal service!

FX Rogue Performance:
As far as results, aka performance, I’m still looking into that. But what I do like about this product is one fact. The ClickBank rebill is the highest that I’ve ever seen, so that’s automatically saying this product is delivering and customers are continuing to use it month after month. And, since it’s backed by ClickBank, you get the Unconditional 60 Day Refund.

FX Rogue Cost:
Once again this is a signal service for $67 a month. ClickBank statistics prove that customers follow through with the Rebilling cycle after the 60 days, so its making enough pips to count for the small monthly fee. Besides that, I can’t find any actual trading history where I can distinguish the strategy, stability, or risk evolved.

FX Rogue Infrastructure:
Since this is a completely autopilot system, you’ll only need a VPS service to host your trading account to receive the signals. If you have any experience with this product, please email me at will@pipinvestment.com and share your trading history therefore we can update this article with some performance statistics.

PS. There are a few Upsells that FX Rogue recommends. If you are new to FX, then proceed, but if your an experienced trader, you can probably pass on the FXRogue Profit Optimizer as it basically risk management software. The Accelerated Level Membership produces a higher return, but with added risk…

update: March 9th, 2012

Don’t sign up. Strategy is nothing but losses. I found an account on Myfxbook. My conclusion is that affiliates must have been the only customers of this product and they continued to renew their services to keep the rebill % high, therefore more and more affiliates would promote this product. And, since there is absolutely NO PROOF of REAL results, the slew of manipulation can continue.

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iDRAW 1.5 Released: Limit Orders for Support/Resistance

Published on February 21, 2012, by in Software.

Difference Between iDRAW 1.4 and iDRAW 1.5?

  • 1.5 is designed for a Bounce Off the Trendline, while 1.4 is for break through the trendline
  • 1.5 can place a pending Limit order for support and resistance trading, while 1.4 placed a pending Stop order for a Break of support and resistance
  • 1.5 can use a Support TL for the Take Profit of a Sell order and a Resistance TL for the Take Profit of a Buy Order, while 1.4 uses these lines as a trailing Stoploss

Instructions

1.) Draw your Trendlines
2.) Replace the trend line object name with buylimit1 or selllimit1

3.) Turn on the EXPERT ADVISOR BUTTON

4.) ADJUST SETTING – SCALPMODE(true) for Market Orders, while ( false) will place pending orders.

See Reference Guide for more instructions

Display

Users can now turn the display box, comments, debugging on/off allowing visibility to the whole chart.

How To USE iDRAW 1.5 with Channel Trading

    You have two options.

  1. ScalpMode = False: Your order can either enter NOW with a pending order that is modified at each NEW candle once price crosses your Activate Line ( fully adjustable).
  2. ScalpMode = True: Your order will enter at market price once price crosses over your Trigger Line ( fully adjustable).

Below is an example of Option #1

iDRAW 1.5 Included For Free

When you purchase iDRAW 1.4, you will receive iDRAW 1.5 at no extra cost. Order today

Learn more

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Scamming Forex Traders With MetaTrader

Published on January 23, 2012, by in Scams, Software.

I came across ECNJESUS.com and there are several short videos that display the administration function within the Metatrader Trading platform. If you’ve heard of the Virtual Dealer Plugin, well here’s proof of it. Enjoy.

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Algorithmic Trading For Life

Published on January 22, 2012, by in Software.

No doubt algo’s are taking the markets by storm as their presence control the majority of the trading volume. While some agree and others disagree whether they add efficiency or destroy the true equilibrium and purpose of a open market, their presence will only continue to grow.

The popularity for automated trading system continue to grow as volatility becomes too strong for manual traders act fast enough to maintain a profitable edge. If you can’t beat them, you might as well join them. I’ll be dedicating 2012 to only automated trading system development.

I’ve been a manual trader (self taught) for over 5 years now and through my journey I’ve never had any long term interest in automation because at that particular time I’ve never seen a long term profitable automated trading system sold or shared or discussed publicly. Nor have I seen a private EA that performed profitability long term.

However, in 2011 I finally found my inspiration as ForexGrowthBot had 9/12 profitably trading months. This was enough to get my attention and motivate me to learn how to program.

My approach to automation will be quite different than most system developers because I do not plan to eliminate the human factor, but use my trading experience to give my automated systems robustness that I’d never be able to achieve as a manual trader. Just like how Banks will use an algo to execute a massive position discreetly as possible to eliminate market impact, I’ll be using my algo’s to execute orders on my behalf.

I’ll continue to update this post as I pursue my 1 year long assessment in automation.

Best VPS for Algorithms at US + UK Brokers


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ForexGrowthBot and iDRAW

Published on January 19, 2012, by in Software, Useful Tips.

With the latest updates to iDRAW, we can now use trendlines to close the ForeGrowthBot positions. Why would we want to do this? The main reason is that this highly profitable EA only works by following momentum. Therefore, if the momentum burst does not continue the FGB EA will eat up your profits, but not any more.

How Forex Growth Bot Works

The FGB EA enters once a burst of momentum is confirmed and enters in the direction of the burst/spike. This strategy has proven to be successful in the long term as currency trends often continue in the same direction for long periods of time. However, there are a several months (Three to be exact) during the year where this strategy wasn’t profitable. As a result, we can manage the open positions to close the losses out sooner and catch the reversal of the momentum spike (fading the spike – similar to the strategy of Million Dollar Pips, but on a longer term agenda).




Recent Live Trades

The last two trades taken from FGB were small losses that could have been longer term gains if held longer. However, there is nothing we can do about the FGB closing these trades at a loss, but we can surely use the Signal from the EA as an indicator to trade longer term in the direction of the signal. Since, its a trend following system this is vital. Furthermore, we can use iDRAW to decrease the pips at loss and make some extra pips when the FGB does fail. Below, I’ve outlined where the Bot enters its trades ( Horizontal/Vertical Axis) and where the Bot closed the trades at a Loss ( Red X ).

Guide the Trend with Trendlines

Now, the easiest method to turn these losses into smaller losses are to use Trendline as guidance for support and resistance levels which are perfect indications of reversals. Below I’ve outlined how we can use simple trendlines to close the FGB trades early and take the other side ( reversal).

iDRAW manages Forex Growth Bot trades

Now by using iDRAW to manage the open positions from FGB we would use a M5 Timeframe since FGB opens the trades on M15 Momentum bursts. We use a trendline to trail the momentum, and if the momentum falls short of making us a profit, we catch the reversal after closing the FGB trade early. In the example above, we would use these trendlines as Trailing StopLoss function with iDRAW and then enter a Short Position for the temporary Selloff. A little secret to all the trendline traders: We don’t need to use Highs and lows, as the only vital trendline break. The market moves in waves. It goes up and what goes up must come back down. The market is extremely efficient and cleans up all the buy and sell orders along the way. Therefore, by avoiding a larger loss on all your trades use a simple trendline above and below the current momentum and profit on each wave. Now since, FGB continues to be profitable long-term, these signals are still invaluable. If the EA tells you to go LONG, do it. Use Trendlines to guide your journey.

We would use a trendline as support ( The trendline connecting the higher lows). This trendline would also be the reversal point and trailing stoploss for your Long Positions. Now since FGB normally cuts its losses rather quickly, this lower trendline would be used for your long positions opened with iDRAW. You can also use this trendline to close out the FBG if FGB didn’t already do so at the Red X. The FGB EA gave us two Buy signals within 1 day and these signals are telling us that overall momentum is long. Use these signals with your longer term analysis. We can use iDRAW to enter Long Positions at each new Wave Cycle.

How to use iDRAW to manage the open positions from Forex Growth Bot?

All you need is the magic number that is used when FGB opens a trade. With this value, iDRAW can find and manage this trade. From my research the magic number is #4826809

What is iDRAW?

Click here to learn more – We also offer a free version for testing!



    Profitable Expert Advisors

  • Forex Shocker – Asain Scalper on EURUSD
  • Forex Cleaner – Swing Trader on EURUSD
  • Forex i007 – Long Term Position Builder on EURUSD
  • iDRAW – Trend Line Trading Tool for any currency pair


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ForexSocialSignal Explained

Published on January 16, 2012, by in Software.

I’m a little disappoint after watching the ITM financial youtube videos because I was expecting statistical figures with evidence that would give us a potential edge as a forex trader. Unfortunately, all the videos included were some chit chat, trading termonology and video footage of some trades running live… It wasn’t convencing to say the least.

Their idea is based off the Twitter Hedge Fund and if this is the first time you’ve heard of this, google it. You won’t be disappointed. You might even come across the research paper that introduced this theory of using social hubs as an inside edge to pick trades depending on certain search words related to emotions.

The concept is quite interesting and I thought or should I say hoped that this company would offer a service that we’ve never seen before. However, their product is poorly executed with little evidence at this time. There’s still a possible niche here.

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Fast Forex Millions getting Demo billions

Published on January 11, 2012, by in Software.

So what if the back tests say that a trading system can turn $1000 bucks into 300 million. This doesn’t mean its going to happen in the future. Historical Data is just that, History! We’ve already seen the marketing efforts of Million Dollar Pips make practically all the FX traders out there searching for the optimal setup because of the Demo track record and back testing results. Many forex forum lurkers continue to praise this EA is if its the holy grail, many claim that it made them rich, and many still believe it works. ( Profitable Live Accounts are still a Mystery ) Its pretty funny what forex traders want to believe based off of hypothetical results. The efforts of back testing with some demo account results really make traders believe ” It’s possible!” but the truth is that they want to believe. Unfortunately, Million Dollar pips isn’t the secret to success and I’m sure the developers aren’t producing anything better with their Fast Forex Millions.

Fast Forex Millions is William Morrison’s second commercial robot ( #1-MDP) that should hit the market in the next few weeks. There’s already quite some talk about this EA as Plimus Affiliates are stirring the pot early on this one. There’s already 100+ FX blogs all waiting for comments , reviews, and some live results. I guess the supposed success of MDP is why there’s so much talk. It’s not that I have little faith for this new bot. Who knows, maybe it will be the next Forex Growth Bot.

As of right now, based solely on back tests, I’ll wait for the Live account on REAL money. Even to this day, the vendors of Million Dollar Pips NEVER released a REAL money account and thousands of copies were sold. And by doing so, there were so many unsatisfied customers that ClickBank enforced new vendor policies. Way to go!. Of course, this bot will only be sold by PLIMUS. Do you know what that means? It means their selling a FX robot based solely on hypothetical gains and false testimonies. Here’s an article on the Click Bank Vendor Policy Update.


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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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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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© 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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