This blog post explains how to set properly the RecoveryTradeLots and RecoveryMMC parameters for the WallStreet Recovery PRO expert advisor. These parameters are very important for the proper operation of the EA. To avoid the confusion, we will give you some examples.
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WallStreet Recovery PRO is a modified version of WallStreet Forex Robot. The main difference between the two robots is in the way that the opened trades are being managed. WallStreet Forex Robot has a fantasitc option that closes trades in profit.
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A new version of WallStreet ASIA has been released (v1.3). The main update in it is the improvement of the GMT settings.
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It is important to be noted that we developed the WallStreet ASIA robot as a completely free add-on to the WallStreet Forex Robot, after we received many requests from our clients. The Asian session scalping performance is limited by the brokers’ conditions, so we do not recommend using WallStreet ASIA on brokers with high spreads during the Asian trading session. As well, we do not recommend the usage of WallStreet ASIA by people who are not familiar with the specifics of this type of trading.
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We are pleased to announce that the new version 5.0 of WallStreet Forex Robot is released. There are two new things in this new version: Protection system against uncontrolled opening of trades and some new optimizations and improvements on the settings.
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We have configured the robot to open up to 8 additional positions. We also keep the robot out from some dangerous periods. These settings are not recommended for small accounts. The robot trades only on GBPUSD currency pair.
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Here we have tried to comobine increasing the number of additional positions and avoiding some dangerous hours. We also use different distance between the additional positions. These settings are not recommended for small accounts. The robot trades only on GBPUSD currency pair.
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Here we have used a little unconventional approach. We have decreased the number of additional positions. From our tests we found that in most of the cases the robot doesn't need more additional positions to compensate the initial losing position. Also we have forbidden the robot to trade in certain dangerous hours. The robot trades only on GBPUSD currency pair.
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The robot trades on both supported currency pairs GBPUSD and EURUSD. With increasing the number of the additional trades we have tried to make it more easy for the robot to compensate the initial trade before to hit the stop loss. We have also increased the stop loss level. This way we don't let the robot to close any trade in loss.
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Chosing a proper risk is very important for successfully trading Forex. The chosen risk determines your account's profit and loss. Many traders experience difficulties in choosing a risk. All these stuff is explained on the official website of Forex Diamond EA.
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Despite the testing process of Forex Diamond is quite simple and it does not require any special skills, many traders experience difficulties with this process. There are few things that a trader should take care of before starts testing the EA. You can find the details about it in the official website of Forex Diamond EA.
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We are pleased to inform you that version 6.0 of Volatility Factor EA has been released! The main new feature in it is the new Time Management settings. These new settings will allow you to configure the robot to trade at exact time.
[...]Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
*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.
By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.
