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Tradewar Evenpro v1.2 Expert Advisor

Fxtradewar Evenpro (v1.2) Expert Advisor , has been created by the **Fx Tradewar**.

FxtTradewar Evenpro is a new EA that I particularly like. Evenpro is a safe and secure Trading Robot.
Our EAs can get 60% to 100% profit what ever the amount invested and the most imporatant aspect of our EAs Drawdown which can not be more than 15% in worst case scanerio. For more information visit our site or contact us.

May be Monthly Profit Reach 60% to 100% more than 200%.

Fxtradewar Evenpro EA work only ECN Accounts who have a Low Spread and low Commission.

The Ea strategy is based on Strong High & Low Level.The strategy is called “BreakEven Stop”.

Tradewar Evenpro trades the EURUSD on the M30 or H1 timeframe. The user can set the initial lot size (by default 0.5 lots) & (1.00 Lots).

It also uses a safe compounding strategy that automatically use a very small Stoploss (15 Pips to 20 Pips).

One of the most interesting things is the trailing procedure that is implemented in the EA.

When The Order Executed EA follow the trailing stop (by default Point 1 or Point 3).

This EA Performances are really Good.

If you want to buy Please feel free to Contact given below the address.

Skype : Fxtradewar

Email at: fxtradewar@gmail.com Phone: +92-3456673414 Website: Www.fxtradewar.com/

My Life as a Currency Trader and I thought I would never say that ~ forex trading market

7:49 AM in

Today I want to write a post which has a more personal tone than the other posts you may have read on my website in the past. A few people have asked me about my daily routine and if trading actually leaves room to "free me" from the 9 to 5 life style and provide me with the ability to spend a lot of time with my friends, family, etc. Within the next few paragraphs I will tell you the story of my everyday life so that you can see how my life around automated trading woprks and if this is the type of life style you would want to have. I have to warn you that my life doesnt include monthly cruises to the Caribbean or driving a Porsche out of my drive way but I can assure you that it has many negative and positive aspects, like any other life style has.

I am a big believer in early mornings and I usually wake up sometime between 5 and 6 a.m, usually with the first ray of sunlight. After doing this I usually check my email and answer whatever questions, doubts or inquiries people have sent me during the night, this usually takes me about half an hour although I can get even 25 emails every day which require thoughtful and precise answers (I am a fast typer by the way !). After doing this I like to spend an hour checking on the markets and the systems currently being traded, I check on all my personal, asirikuy and third party accounts and I send emails to anyone who has an account with a problem in order to correct it ASAP (most of the time there are actually no problems). Then I like to watch an old time movie - probably in the style of Indiana Jones or Independence day - or an old episode of Seinfeld (my all time favorite show) while I do my daily 40 minutes of cardio (youre all doing this too right ?).

After this I cook my breakfast and depending on the mood I either spend the rest of the day working or I take the day off and go out to have lunch and spend the afternoon with my girl or my family (which includes hers). I usually work more than 60 hours every week (no kidding), making and preparing videos for Asirikuy, writing the weekly newsletter, designing new systems, researching commercial systems, researching systems developed in forums, testing systems, analyzing data, etc. I often tend to think that the fact that I dont have a 9 to 5 job is actually detrimental to my life in the sense that I tend to over-work a lot, since there is no 9-5 span of time which limits when I work... I just sometimes work all the time !

I do have to say that there are several things I like about my life style, one of the things I like the most is the freedom to cook :o). I love cooking and I have to say that I spend about 3 hours every day preparing meals for myself and my girl when she is home. I am by no means a great cook but I am improving and hopefully in the future Ill be able to eat delicious meals everyday, courtesy of cooking skills developed over years of training. It seems that most chemists end up being good cooks, hopefully I am not the exception !

Now there are other aspects I hate, and the most important of this is that I have no control over when I can be or not be available. Trading - either manual or automated- demands a great deal of focusing and control, it is not an option but mandatory to have a 24/7 internet connection you can use all the time and you cannot simple "get lost" as there are many people (in my case) which count on you and your expertise everyday. So I actually do not work 9-5, in a few ways I work 24/7 .

Maybe I am just a hopeless workoholic but I like what I am doing and I think (at least hope !) that I am making a difference in the sense that I am providing an honest and transparent approach to automated trading without hoping for any massive reward. The earning I get from Asirikuy and this website are quite small (I would have to charge about 50 USD for the subscriptions if I wanted to live from this !) but I think that all the work is rewarded in the sense that I get to live from trading my own systems, I get to improve them as time goes by and I get to do all of this without having to be dishonest, unethical or scamming any poor soul. Will I ever get burned out from doing this and decide to just live from trading and leave the stress of handling my small -yet very time consuming- business ? Hopefully with all the good feedback I get and the satisfation this generates me this wont be the case :o)

If you would like to learn more about my approach to profit from automated trading and how you too can learn to get realistic profits using sound trading strategies please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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How to Treat Forex Like a Business Ten Things You Need To Do When You Trade ~ forex trading ebook

7:10 AM in

The internet is filled with people who advice and give their opinion about how others can succeed in forex trading. Many times this advice is extremely vague and does not have any practical implications with it that can actually help newer traders succeed. One of the most common examples of this is how more experienced traders tend to tell people new to the market to "treat forex like a business" while they give absolutely no specific advice on how you are supposed to do this. Sure, for successful traders this is obvious and the advice needs no further explanation - since they are already treating forex like a business - but for new traders the advice is totally meaningless since they do not know how to trade forex like a business or the steps they need to take to make this a reality.

On todays post I want to share with you 10 practical things you need to do to treat your forex trading like a business, after you do these ten things you will find that your trading will be much more organized, your goals will be much clearer and you will be on your road - or at least a much clearer path - towards long term profitability. Definitely treating your forex trading like a business is extremely important but what does this mean ? What practical decisions can you take to change the way in which you trade the forex market ? Keep reading to find out !

1. Think in terms of goals and expenses. The first change you must make is around the way in which you look at forex trading. If you are going to treat this venture like a business you need to think about it in terms of goals and expenses. In trading goals are profitability targets and expenses are both trading costs and losing trades. A great part of your success will fall into being able to look into your trading as a set of goals and expenses.

2. Determine your plan. This is perhaps the most important part of trading which is to determine how things will be done in your business. If you were opening up an aluminium can factory you would have to figure out how you are going to be making the cans, who will buy them and who your suppliers are going to be before you even think about starting your business. Forex is the same thing, you need to have a trading plan which is merely a set of rules (either mechanical or discretionary) that you will follow in your business.

3. Determine your goals based on your plan. Your plan provides the anchor which allows you to determine realistic profit targets. After you come up with a plan you need to deeply evaluate it - through reliable simulations - to obtain a given set of profit targets that you will be able to use. If your profit targets are not what you want they you can change your plan - and reevaluate it - to make them better. When you are happy with your goals, continue.

4. Determine your expenses based on your plan. The next important thing you need to do is understand what your expenses will be. What percentage of your account will you be losing in average every year before reaching your goals ? For how long will you lose that capital ? Accurately determining variables such as the maximum draw down, the average draw down period length and the probability to have a losing month are key aspects of your forex business plan.

5. Determine your capital requirements. Since you now have a plan with goals and expenses you now need to determine your capital requirements which is simply the amount of money needed to execute your plan. Certainly different trading strategies will require different amounts of money to be tradable. This also depends on the amount of money you want to make, if you are aiming to make 20K a year and your goal is 20% then investing 100K might be necessary while if the only thing you want to do is execute your strategy with the minimum possible capital you might only need 200 or 1000 USD.

6. Draw best and worst case scenarios based on your simulations. A very important thing you need to do is to come up with how future scenarios might look for your trading strategy. If your simulations were done in a reliable manner then you can use 10 year backtests to get a picture of how best and worst cases might look like. Your next year might be as profitable as the most profitable year of the past 10 years while it can also be as bad (or worse) than the worst year. Having these pictures is vital since it will allow you to see where your plan is going and if what you are experiencing is or is not normal.

7. Come up with a worst-case scenario. As in every business there can be a point when the expenses are way beyond those programmed by the plan and a change must be made in order to survive to the future. In your trading business you need to come up with a worst-case scenario so that - in case your strategy becomes too risky - you will know well before hand when to change it. I generally use two times the 10 year historical maximum draw down as my worst case scenario, something that has worked well for me.

8. Do monthly, quarterly and yearly evaluations. Another important aspect of treating trading like a business is evaluating how your business has performed in a monthly, quarterly and yearly manner. Just like all other business do you should generate reports and analyze how your strategy has performed during these time periods. It is always important to know if your expenses are what you expect from your plan (within the bound of normal draw down periods), if your goals have been met and if you have reached any of your worst case scenarios. Staying on top of your plan by evaluating it frequently is a vital part of survival.

9. Do not change your plan when it is working as planned. A big mistake - perhaps one of the biggest - new traders make is to jump away from a trader system just because profitability goals are not being met. If a trading system is losing money within the programmed expenses and the 10 year simulations you have made then there is no reason to run away from your trading plan. While your draw downs remain within what you planned when you evaluate the strategy your business is actually working as planned.

10. Do not increase your goals or your expenses. Another very common mistake made by traders who are not yet experienced at treating forex like a business is the change of their goals and expenses along the way. When a system performs well they increase the risk (to increase their profitability goals) and when it is doing badly they sometimes increase their draw down tolerance to allow the system "to recover". There is a reason why you have set goals and expenses and worst case scenarios and you should NOT change them just because of short term performance. Every change in the business plan needs a total reevaluation of goals and expenses which should always be done if any detail is changed. Committing to a set of goals and expenses and sticking to them is a big part of success.

Although the above advice is only a small part of treating forex like a business it does gather all the most important aspects you need to take into account when you want your trading to be something serious, more predictable and less emotional. Treating forex trading like a business with adequate planning, goals and expenses is a vital part of trading which most people new to the market simply ignore or are too lazy to develop. If you follow the above advice and develop a trading plan with an idea of what the behavior of your system might be then you will be miles away from the large majority of new traders.

If you would like to learn more about system evaluation and how you too can develop mechanical systems with reliable simulation results please consider joining Asirikuy.com, a website filled with educational videos, trading systems, development and a sound, honest and transparent approach automated trading in general . I hope you enjoyed this article ! :o)

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The Lindencourt Free Daily Forex System an In depth Look ~ forex trading guidelines

6:14 AM in

A fellow trader emailed me a few days ago asking me if I had ever used the Lindencourt daily trading system which he considered was a very good idea based on the daily time frame that could be used by those people interested in gaining profitability in the long run without dedicating too much time to forex trading. As the strategy was made freely available by the Lindencourt people, my friend was excited about it and asI like strategies that attempt to exploit long term trading opportunities I decided to give this system a shot and see if it was actually worth using in live trading. On todays post I will share with you my journey in the evaluation and use of this system and what conclusions I have drawn from this seemingly simple trading tactic.

First of all, my friend was very excited about the system but he had no answer to any of my questions about the systems fundamental characteristics. What is the systems average risk to reward ratio ? What is the average compounded yearly profit ? What is the maximum draw down ? My friend couldnt answer any of these questions something which made me believe that the analysis the people at Lindencourt did of this system was nothing but superficial and that the long term quality or viability of this system was yet to be proved. I find it amazing how people can trade systems which have trading characteristics they ignore, I could never trade any system without doing a very serious analysis beforehand to see if a) it is long term profitable and b) it has adequate risk and profit targets.

Since the system is absolutely mechanical and clear rules are defined to enter and exit positions I decided that I would code this system into an EA to easily evaluate its 10 year trading performance on a few instruments. I was especially careful to get ALL the logic right and to code everything EXACTLY as it was explained on their website. The first results (shown below, Jun 2000 to Jun 2010 on the EUR/USD) allow us to see that even though the system is indeed profitable during the past 10 years the average compounded yearly profit to maximum draw down ratio is abysmal, almost worse than 1:15. The system therefore will grant you profit in the long term on the EUR/USD but you will have to weather extreme draw down periods that will not be worth the profit you will be getting in the end.
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Then when we analyze other currency pairs things turn out to be even worse with most not being long term profitable at all and the few that are having very bad average compounded yearly profit to maximum draw down ratios. For example, the GBP/USD results shown below allow us to see how the system inevitably fails during most of the time only achieving new equity highs a few times during the past 10 years.
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It is however particularly interesting to note here that this system has some very profitable periods that may make people tend to think that the underlying logic is very good at capturing daily trending movements. Some profitable runs in almost every year show that the system does have very profitable moments which are sadly followed by draw down periods that almost wipe all the previously achieved success.

The problems with these system are several, a general lack of adaptability and the use of a 100 period EMA to determine trend direction are a few. In the daily time frame the daily 100 EMA is not a great trend direction indicator since price will tend to go towards it a lot of the time, periods in which the EA takes a lot of loses. Another problem of this system are the huge amount of crosses on the Stochastic Oscillator with an 8,3,3 configuration that often lead the system to repetitive whipsaws that cause large loses of equity when the system is trading over the EMA or under a strong consolidation period. Some of these problems are shown below on the GBP/USD ten year backtest.
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In the end I believe that the people at Lindencourt only did a very superficial analysis of this trading system that didnt cover a wide arrange of market conditions or a statistically meaningful period of time, if they had done so they would have noticed the poor trading characteristics of this system and the inherent problems with what it attempts to do. This shows - yet again - that having adequate long term profit and draw down targets is an absolute must for the successful trading of any given strategy or system. It is impossible for anyone to trade a system if they do not know its potential for long term profitability, its average compounded yearly profit and the length and depth of draw down periods. Trading a system just because a set of 10-20 trades is profitable or because the logic "looks good" is a big mistake that often contributes to people not achieving their long term profit targets.

The evidence clearly shows that the Lindencourt daily system has some serious flaws and that a strong development effort would be needed to improve the average compounded yearly profit to maximum draw down ratios. However the people of Lindencourt deserve some congratulations for sharing their daily system for free so that adequate analysis over its logic can be done :o).

If you would like to learn more about automated trading systems and how you too can build your own systems based on sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

forex trading guidelines

The Five Best Non NFA Brokers for Reliable Trading and Deposit Safety ~ forex trading kenya

5:36 AM in

With the start of the Atinalla project and the need to find reliable non-NFA brokers to trade portfolios of Asirikuy systems I have donde an extensive investigation about the different options available and their reliability. After going through many of the available over-seas brokers and looking at their regulation and reliability I have built a small list containing all non-NFA brokers I consider reliable and worth using to invest large quantities of money. I think that none of these brokers would ever steal your money (not allowing you to withdraw) or play games with you in trading (affecting Asirikuy systems). On todays post I will give you a list of my top five non-NFA broker choices which are perfect for anyone who wants to start trading an Atinalla portfolio or any other combination of systems that may simply not be NFA compliant.

What is the deal with portfolios and NFA compliant brokers ? The main problems is that Atinalla portfolios are using and will use several experts on the same trading currency. Even though all experts within Asirikuy are NFA compliant by themselves, they do not have this character when they are put together since they may not obey both hedging and FIFO regulations. For this reason it becomes important to find non-NFA yet well regulated brokers that can fulfill our trading needs guaranteeing the safety of our invested capital and trading conditions. Within the next few paragraphs you will find a list of the five best non-NFA brokers I could find, hopefully this list may be useful to all of you out there looking for reliable non-NFA alternatives.

1. Alpari UK. I think that this is one of the best none NFA brokers available giving us the confidence of being regulated in the UK with the flexibility of accepting accounts that can trade from 0.01 lots in 0.01 increments allowing us to trade Asirikuy systems from 1000 USD. Alpari UK is a very recognized broker with very good trading conditions and a perfect escape from NFA regulations. Sadly they do not currently accept US citizens so Americans should use one of the other obtions outlines below.

2. Forex.com UK. Even though Forex.com UK has Sunday candles - a not so great characteristic for Asirikuy systems - it remains a reliable broker with accounts available that fit the necessary profile to trade with Asirikuy systems from 1000 USD. The broker accepts US and non-US citizens and its regulated in the UK. It is the English branch of Forex.com, one of the first and most trusted brokers available online.

3. FXDD (Malta). Earlier this year, FXDD decided to open a branch in Malta in order to accept traders outside NFA regulations. The fact that they decided to get regulation in Malta instead of the UK might sound suspicious but in general I can say that FXDD has been a good broker for me for several years and their Malta option has all their support and seriousness. However they are still regulated in Europe and remain one of the most trusted names in the forex industry.

4. ActivTrades. This is one of the most trusted London based brokers available, giving you the opportunity to trade outside NFA regulations within the comfort of UK law. ActivTrades has the conditions to trade Asirikuy systems from 1000 USD and although it has Sunday candles, the use of the "Without Sunday" solution - explained within Asirikuy - is compatible with this broker. ActivTrades is a very trust worthy broker and definitely a choice worth considering when going out of the NFA kingdom.

5. GoMarkets. Finally I would like to recommend go markets as a reliable Australia-based broker. Having a bnoker that is regulated but away from European and UK regulations may provide you with another hideout in case NFA regulations catch on and start spreding to other legislations. GoMarket has proved - up until now - to be a serious well-regulated broker which has the necessary conditions to trade Asirikuy systems with at least 1000 USD (even 100 USD with their 10,000 USD contract size accounts).

As you see, the key here is to find brokers which are regulated outside the US but within developed countries. This allows you to have the flexibility of avoiding NFA rules without having to worry about the safety of your funds or profits. When you are investing large amounts of funds it definitely becomes important to trust your broker and the safety of your deposits. There are a bunch of other good brokers outside NFA regulations which I did not include since they dont have the necessary conditions (trade in 0.01 increments from 0.01 lots) to trade Asirikuy systems from 1000 USD but definitely once you reach values of 10 or 20K you might also consider Swiss brokers (like MIG trading) which I believe also provide very reliable safety conditions. Do you know any well-regulated non-NFA broker that allows trading from 0.01 lots in 0.01 increments you would like to share with us ? Please leave a comment and tell us why you like this broker !

If you would like to learn more about my journey in forex automated trading and how you too can learn to develop likely long term profitable systems to profit from forex trading

please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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My Life as a Currency Trader and I thought I would never say that ~ forex trading market

How to Treat Forex Like a Business Ten Things You Need To Do When You Trade ~ forex trading ebook

The Lindencourt Free Daily Forex System an In depth Look ~ forex trading guidelines

The Five Best Non NFA Brokers for Reliable Trading and Deposit Safety ~ forex trading kenya

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