Black Box Forex Software: Proprietary Methods or Potential Scams?

Martingale - after each loss the lot size is multiplied by Multiplier Lots parameter, after each profit the lot size is set from the StartLots parameter. Advantages of the program Suitable both for novice and experience traders. It was renamed Quicklime Games during the development of Need for Speed: These test results are provided as a guide to help you get the best out of your Happy Envelope EA. Very friendly team, I have a technical issue with email and they helped me out immediately. This is the easiest way to get into the Automated Trading arena, simply copying a system someone else has created. It monitors, modified, trails orders, sets take profit and stop loss.

The increasingly popular market for automated forex trading robots and forex signal generator software has unfortunately given the criminally minded yet another avenue to defraud the unwitting public via the sale of so-called “black box” software packages. In the end of this article see our links to doubtful softwares in the market. In essence, black box software is any program whose.

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While catching a trend can be very profitable, there are many opportunities for profit in the meantime. By using longer timeframes this system is also able to catch trends. I can give you my optimizations should you require them. You can optimize any product on any timeframe before use 1 month to 1 year back. Use the tester select Timeframe and Product. This is a gem of an EA - it's making me money straight out of the box I like the fact that trades are held over minutes or sometimes hours.

So this is no scalper depending on low latency and high liquidity. Olivier is a really nice guy answering very quickly to all of my questions. He will send additional indicators to better understand the functionality of the EA.

I will do my optimizations, run the EA on live accounts and give more feedback here. I have tested this bot quite some time. If you optimize for the past it looks quite good. But using the sets for the future usually does not work. The only strategy that was profitable, was the this: Every Saturday, do the following: Then run the optimal settings with highest profit factor for the next week.

Repeat this procedure every week. I tried it for 11 weeks with initial deposit of 10' USD, lot size 0. And along with the self optimizing version and amazing support from Olivier, it is one of the best trading tools you can have! Well written EA and the support is top.

You not only get support but expert advice along the way. Automated trading has its benefits as seen below: Benefits of Automated Trading. Forex traders are using a handful of different methods to reach their trading goals, and I am going to share with you the 3 most popular ways to take advantage of automated trading. This is the easiest way to get into the Automated Trading arena, simply copying a system someone else has created.

Much like trading in general, sometimes simplicity is the key to consistency. You are left having to completely trust someone else with your hard-earned capital which gives most people a bad feeling in the pit of their stomach. Ideally, you will want the creator of the system to write a detailed description of how the strategy works. Does the system trade trends or ranges? Is it a long, medium, or short term strategy? The more information available, the better decision you can make about choosing a Forex automated strategy.

Something I really like on the Mirror Trader platform is how many ways you can analyze the strategies. These statistics provide more insight into the behavior and risk of each strategy rather than just seeing a list of historical closed trades. If you would like to explore Mirror Trader yourself, open up the platform by clicking here and log in with your existing username and password for your current FXCM real-money account.

It is free to use and there are no additional fees. This next style of automated trading is for the tinkerer. This is someone that finds a system that they really like but believe there are ways to improve it.

Or maybe the strategy uses a specific moving average that they would like to change to a moving average they are more comfortable with. There are many publicly available strategies made specifically for Trading Station Desktop at websites like www. You can even backtest and optimize these strategies using Trading Station Desktop as well.

The image above depicts the different settings available for a built in Moving Average Crossover strategy on Trading Station Desktop. You can also choose stop and limit levels. I recommend setting up a demo account to test out your customized strategies to start off, and then turning them on live after you feel comfortable with the results. Creating your System from Scratch Difficulty level:

Why is Black Box Software Risky?

Dec 09,  · A Black Box This EA finds optimal buy and sell points using an optimized standard deviation from an optimized exponential moving average. It always buys when relative prices are optimally low and always sells when relative prices are optimally high/5(8). Reviews for personalbank.cf By traders, for traders. Forex: A Powerful MT4 Trading Robot to Maximize Profits (Expert Advisor EA, algorithmic trading, black-box trading, trading system, automated trading) - Kindle edition by Michelle Michaels. Download it once and read it on your Kindle device, PC, phones or tablets/5(32).