CSAD One – Signal

The Trader FX has started a new mql4 signal – CSAD one. The signal will be provided through www.mql5.comand it will be available for trade copying on all Meta trader 4 platforms for a monthly subscription of $20 monthly.

CSAD one signal is specially designed for the users with small amount accounts. Our starting signal account balance is $200. We will use a combination of few proven trade strategies on Forex trading instruments.

The signal is available here.

Start your own Forex signal service

A great book written by Rimantas Petrauskas who is a very experienced Forex trader and skilfull Forex programmer. He has successfully thaought many clients how to succeed in Forex trading. The book, “How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream” has been created to help those interested in making an income through developing a Forex trading signals service.

It explains the steps that the author has used to create his own successful Forex signal service business. There are many details about the ways and approaches to find great sources for trading signals that can be sold to customers.The book is easy to follow and it will teach those who have no experience in starting their own website. It explains what software can be used to deliver trading signals, and also the methods that can be used to run a business.

Happy trading!

Profitable trading using Forex Robots (2)

Due to huge interest shown in previous post about the commercial Forex robots. I have decided to extend the list of recommended ones by two new ones.

• WallStreet Forex Robot
• Trading pairs:  EURUSD, USDJPY, GBPUSD, USDCHF on 1 hour time-frame
• Average weekly gain: 2.24%
• Min. deposit: $1000
• Independent test results #1: Link
• Independent test results #2: Link
• Order website

• Forex MegaDroid
• Trading pairs:  EURUSD on 1 hour time-frame
• Average weekly gain: 0.38%
• Min. deposit: $1000
• Independent test results #1: Link
• Independent test results #2: Link
• Order website

Once again, I remind you that before you start trading on a live account follow the procedure explained in previous post about the robots and keep in mind the rules about the testing.

  

Simple news trading strategy

News trading is a style of trading where a trader makes his trading decisions based on economic news releases. The great advantage of trading the news is that you can be very successful in relatively short period of time. This style is perfect for those who can't dedicate themselves to the trading on full-time basis.

Economic news calendar can be found at investing.com and fxstreet.com. Impact column in the calendar shows how big volatility is expected upon the release of the news. Three other important columns are: Actual, Forecast and Previous. Previous shows the the indicator data for previous period. Forecast shows the expected indicator value; Actual is the news release.

So, what is causing big price movements? Well, it is a surprise. In this context the surprise is the difference between foretasted and actual value. We can see that actual value is sometimes shown in red, sometimes in green and sometimes in black. What does it mean? Green means that actual value is better than expected and it will cause bullish movement for the currency, on contrary red means that actual value is worse than expected and bearish movement is expected. Finally, black means that value is within expectation and currency should not move.

So, how to trade the news? Choose the pair that is consisted of currency for which the news will be released. Then, 30 to 45 seconds before the news release put one buy stop order 8 to 12 pips higher than actual price and one sell stop order 8 to 12 pips lower than actual price. When the news is released one stop order should become active (if the actual value is not in expectations). Then cancel the other stop order and close (or leave for few minutes or more) the active order. When you are satisfied with the gain close the order. If the news release did not cause the price movement cancel the both stop order and wait for other news release.

I advise you to try this strategy on demo account first, and then you can move to live account. If you sign-up to this blog by email, I will send you a script that is automatically placing stop orders.

Happy trading!    

Profitable trading using Forex Robots

Forex robots or Expert Advisors (EA) are the applications that automatically open and close the trades on the Forex market. The trading using forex robots is called automated trading and it can be very profitable.

Automated trading is very suitable for those who want to participate in the Forex market, but do not have the time to dedicate themselves fully to the trading. It useful for those traders who have the problem with emotions, concentration and with ability to follow previously set strategy. Also the traders who can't achieve better result manually would consider the Expert Advisors.

For automated trading you need a computer with good Internet connection and Metarader 4 platform installed. You will need a Forex broker that is providing Metatrader 4 as a trading platform and that is allowing trading with EAs. Finally, you need an Expert Advisor installed.

So,which EA to chose? The offer on the Internet is huge. Unfortunately, lots of them are scams. Either they are not profitable or they ask for unlimited amount of money. Well, I have selected two that are profitable and guarantee quick return of investment.

• Forex Growth Bot
• Trading pairs:  EURUSD on 15 minute time-frame
• Average weekly gain: 2.63%
• Min. deposit: $250
• Independent test results #1: Link
• Independent test results #2: Link
• Order website


• Million Dollar Pips
• Trading pairs:  EURUSD on 1 minute time-frame
• Average weekly gain: 4.62%
• Min. deposit: $1000
• Independent test results #1: Link
• Independent test results #2: Link
• Order website

Finally, when you get the Expert Advisor, firstly I strongly advise to read the manual first and get familiar with the entry parameters. Secondly test your EA on a demo account for 1 to 3 months before you start using it on a live account.

Happy trading!

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