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Sabtu, 31 Mei 2014

How I Trade The News - Part 1

Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net
News trading accounts for more of the huge success I have achieved in Forex Trading. I want to share with you my personal news trading strategy, which got me over 78 win trades, and about 26 loss trades since April 2014 till date. The money management made the bad trades highly insignificant when compared to the overall account equity and balance.

An infallible fact is that news trading is one of the highly profitable trading methods in Forex. It is precise and most times have a definite outcome because of the fundamental factors involved. However it is not that easy, hence a good deal of experience, and broad knowledge of the economic and political events in the world is necessary.



In my early years in Forex, i was quite glued to the technical way of trading. My first live account got burnt through the effects of an economic news release. At that time i was ignorantly trading during the news release, and in less than few seconds i got a margin call. I never knew at first that i was exposed to the swift impact of the news release.

News release most often comes with great volatility enough to drain an unprotected account. Brokers tend to widen their spreads at such times thereby compounding the effects. (In subsequent chapters i will share some tools to help you get prepared adequately for the news release).

I am not about to reinvent the wheel on news trading but to share with you my personal method, which i have been successfully using to trade the news. But before this is revealed, its important we understand some few basics and facts about news trading especially for those who do not have any knowledge on this subject.  

 
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Some Basics & Facts
    • Forex in the real sense is not just buying and selling of currencies. There is something that drives the appetite to buy or sell a currency.
      • Financial investors invest only in areas where they expect high returns. The choice of investment is determined by the economic performance, and strategic financial programmes of a country. The economic performance or financial statistics are released periodically. These figures serves as a guide to investors. 
        • Real investors invest in the commodity (tangible & intangible) of a country, which in-turn affects the currency positively or negatively. This is reflected in the price of the currency being bought or sold by the Forex traders.
          • Investors watch out closely for the outcome of economic news release. A good release would spur investments (BUY) and a bad release will cause withdrawal of investments (SELL). This is a simple way to define fundamentals in Forex.
            • The effects of these fundamentals in Forex is what drives the market. It is like the fuel a vehicle needs to move. Ordinarily the market would still move but the fundamentals has the capacity to change its course, and most often sends it wild.
                • News trading can be discomforting due to time factors. I am most often fortunate to trade the US & UK news release due to my geographic location. However i find it difficult to trade Australia, New Zealand, Asia & some other country's news release because it sometimes comes out at midnight in my location. 
                  • Technical tools and strategies are most often useless or fails during a high or medium impact economic news release.
                    • There is a high probability of spread widening by brokers during news release. So not all brokers are good to trade the news.
                      • A very high impact news release can cause extreme movement of price (spikes) in nanoseconds faster than the eyes can see.
                        • Most sideways movement and narrow movements usually occur as a sign of an upcomming news release.
                          • Do not expect the best from your broker during news release. Prepare for unlikely mishaps, and unprecedented issues due to sever overload, and heavy request from data feeds. This often is responsible for error messages like "off quotes", "Invalid SL/TP", "Trade
                            Automated News Trading System
                            Timeouts", "Trade Context Busy", e.t.c. (My strategy takes care of this).
                            • There is no Holy-Grail system to trade the news. However some systems have shown proven performance trading the news.

                              Major Currencies/Investments That Attracts Investors
                              We could refer this to the major news trading currencies. 

                              Major Trading Currencies:
                              United States of America (USD), United Kingdom (GBP), Japan (Yen), German (EUR) France (CHF), Canada (CAD), Austrialia (AUD)

                              Major Investments/Commodities (Tangible & Intangible):
                              Housing, Food, Energy, Fuel, Mining, Jobs, Sales, Manufacturing, Production, Services, Bank Rates, e.t.c.


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                              In the next chapter we'll reveal the necessary resources required for news trading. Meanwhile go through your charts and look out for areas where you can spot a spike. Study the chart pattern before it occurred and the reactions that followed.

                              Happy Trading. 



                              Rabu, 07 Mei 2014

                              How To Subscribe To MQL Forex Signals With Brokers That Do Not Have Signal Tab

                              This guide presents solutions for traders who wish to subscribe to MQL's signal services but do not have the Signal Tab installed on their platform.

                              Metaquotes integrated some functionality like Signal Tab, Market, Code Base, e.t.c into MT4. However some MT4 Platform do not have the Signal Tab because some brokers stopped supporting it, and took it off due to reasons best know to them.

                               
                              MQL has one of the largest auto signal services, which directly places trades on subscribers platform. They have about 3,670 trading signals available for subscription as at 30th April, 2014, while the community has grown to over 236,910 users as at May, 2014.

                              (02/06/2014) Update!!! HotForex has launched MQL Signal Services on their Trading Platform. Click here for more info or Open a HotForex Account and subscribe directly to MQL's Signal Services Providers.
                               
                              If your platform does not have the Signals Tab or your broker does not support it then follow the steps below:
                              1. Open an account with a broker that supports signal trading from MQL. A demo account is sufficient. I recommend AxiTrader

                              2. Configure the demo account with a deposit higher than your original account size. For example if your account is $1,000.00 then use either $1,000.00 or $2,000.00 preferably on the demo account. The master account sometimes get depleted due to some uncontrollable factors so its better to increase the deposit on the master account and replenish it more often. The client has more filtering features to control and discard bad trades.




                              3. Configure the signal services in the demo account. See Axitrader Signals Guide

                              4. Select a signal service provider from the list of providers in the signals tab, or goto www.mql5.com to subscribe directly to a signal provider.

                              5. Download a Forex Copier Application. You will need this to copy signals from the demo account to your real account. I recommend Forex Copier, LTC Copier and Trade Copier Software

                              6. Install the Forex Copier Application to the server (master) and client (slave) platforms. The server platform will be the demo account which has the Signal Tab, while the client platform is your platform, which would copy the trades from the demo account platform.

                              7. When configuring the Forex Copier ensure that the following features are configured properly; Lot Multiplier, Risk Ratio, Lot Size, Pending Order Manipulation, Synchronization, Magic Number, News Feature, Reverse Trade, Filters.

                              8. Ensure you have subscribed to a signal provider before going to step 8. See picture below for a subscribed signal service on a master account.

                              9. Open the platform with the demo account, and attach the Forex Copier to a chart (preferably EURUSD). Please follow the instructions from the Forex Copier User Guide.

                              10. Wait for sometime for synchronization to take place. Usually if there is an ongoing trade the Forex Copier would require your confirmation to copy them or you can configure an automatic action.

                              11. Give sometime before opening the receiving platform (client) in order to enable trade synchronization to be sorted out in the master platform. This is necessary to guide against copying negative trades.

                              12. If step 1 to 12 is done correctly then trades would be copied from the master to the client whenever the signal provider places an order.

                              CAUTION AND TIPS
                              1. Do not use proxy internet connection, and do not turn off your platform rapidly.

                              2. I strongly recommend using a reliable VPS Provider to ensure 100% utilization of the trade signals so that you will not miss important signals when your computer is off or when you go offline.

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                              4. The quality of your internet connection is crucial to how fast the signal trades are synchronized, copied, modified, and manipulated.

                              5. The quality of your computer system resources matters a lot in terms of the ability to handle speed, and processing (See: How To Fix Slow & Frequent Crashing Platforms).

                              6. You can manually manipulate the trades on the server and master platforms (i.e. adjust TP, SL, TS, e.t.c.).

                              7. Always monitor the signal provider's trade performance against the trades sent to your account. You can check this MQL website.


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                              Feel free to contact us if you experience any issues with the guide above.

                              Further Reading:
                              1. Top 5 VPS Providers
                              2. Why You Might Need A Forex VPS Service
                              3. Guide To Selecting A Forex VPS Provider 
                              4. How To Convert Your Trading Strategy Into Forex Signal Services

                              Rabu, 16 April 2014

                              Forex News Trading (Straddling Vs Autoclick Systems)

                              "Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have access to low latency Forex trading software." - FNG (Forex News Gun)

                              Since the beginning of this year we've noticed a higher percentage of fundamental factors driving the market much more than the technical factors. It is obvious that investors are currently paying more attention to issues like quantitative easing, rate hikes/cuts, fiscal tightening, Job market, and other economic key factors in the Global market.

                              While reviewing search index on news trading systems, we found out that most traders are on the lookout for straddling, and auto click news trading systems. The question is which of them is better? This article clearly compares, and brings out the true potentials between both systems.


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                              See: Top 6 News Trading EAs & Software Applications

                              What is Straddling?
                              Straddling is a trading strategy where an order is placed above or below the market current price or two orders are placed in an opposite direction of the current price prior to a news release in anticipation that price would move in favor to either of the positions. In most cases the investor is not sure of the direction of the market's next immediate movement.

                              What is Auto Click News Trading?
                              Auto click trading systems are semi automated tools, which triggers the buy or sell button on your trading platform as fast as milliseconds. They are designed to trade fast news spikes.

                              BASIC DIFFERENCES AND WHAT YOU SHOULD KNOW ABOUT THEM
                              NB: Both systems comes in different forms like expert advisers, scripts, manual systems, stand alone client systems, executable programs, signal services, e.t.c.

                              ParametersStraddling Auto Click
                              How It WorksIt uses a client/server technology. The server is the core system which handles the news feed, client data, and news trading strategy. Signals are sent from the server to the client app, which is mostly in the form of an EA, Indicator or Scripts installed in the trader's (subscriber) trading platform. The client app connects to the server from the trading platform where it picks the signal to straddle the news release. Other functions such as deleting and modifying orders can be controlled from the server or the client system.Some auto click news trading systems utilizes the client/server technology. However quite a number of them are 100% client based (i.e. they depend on the platform's news source or other news source programmed in the system). The system generates its decision to buy or sell through its inbuilt logic, which checks the difference between the forecast and previous figures to ascertain if the deviation figure is met. When the condition is met the application uses an API function to detect the coordinates (position) of the buy/sell button of the order window to activate a buy or sell order. 
                              Accuracy/PrecisionMuch more accurate than auto click systems because they are rarely exposed to requotes, slippage and latency issues. You stand a better chance to get good fills since pending orders are set on the client platform, and activated in the broker's server.There are issues with accuracy and precision because it places market orders which are subject to latency, slippages, requotes, and other broker/platform issues. You can get a very fast click but a late entry and bad fills from the broker. Sometimes the high impact of the news can make the market move in lightning speed which sometimes is much faster than the auto click system thereby causing inaccurate entries.
                              SpeedStraddling systems do not  necessarily require speed to trade the news when compared to auto click systems. However speed is a factor but not too necessary. Although most of them come with options to place orders in few minutes or seconds before the actual news release. In terms of speed auto click systems are much faster.They are primarily designed to trigger the buy or sell button of the trading platform in milliseconds if the conditions for a news release is met. Speed is an essential requirement for auto click news trading systems. However you cannot guarantee a good fill or exact lightning entry for some news release with lightning spikes.
                              BrokerStraddling systems generally work with all brokers that allows news trading. However it might not be suitable for some brokers who deliberately frustrate news trading.They're mostly standalone applications and are therefore not limited to broker platforms unless the trading platform uses complex or complicated order window.
                              News SourceMore often utilizes news source from its server only.Auto click systems are capable of utilizing platform news source, external news source, user news source, and the news source from its server.
                              VPSWorks effectively in a VPSNot suitable for VPS since it requires trader's intervention.
                              AutomationFully automatedSemi automated
                              SimplicityVery easy to use. The system handles virtually all the trading process. Its a set and forget system.Not as easy as the straddling systems. It requires you to enter the news inputs all the time, and also set the trading platform for it to work.
                              ProtectionVery good in-built protection in terms of deleting orders if triggers (deviation) is not met, and trade management (TP, SL, BE & TS). However certain sharp reversals and counter reactions cannot be fully managed.In-built protection is quite low especially for some platforms that do not allow placement of Stop Loss and Take Profit for market orders. This is very risky for counter or irrational spikes. You have to manually manage the trade or use trade managers.
                              ProfitabilityStraddling systems are more profitable based from experience, and system reviews. They are designed to trade all kinds of news.   Auto click systems are most often designed to trade spikes, and other news types. They are profitable but not as much as straddling systems.


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                              News trading can be very lucrative but at the same time very risky due to extreme volatility. But with the right tools and good broker you can make the best out of it. Feel free to contact us for some of these tools, which would help you get prepared before the news release occurs.

                              Rabu, 05 Maret 2014

                              Forex Trading Buy Sell Signal System - ProFx 3.0

                              http://www.forex21.com/forex-trading-strategy-profx#a_aid=51e67ce7cd13d&a_bid=c2a0cb7aProFX 3.0 is a high precision Forex trading system that primarily produces Buy/Sell signals. It was designed by the renowned ForexEASystems, which has changed to Forex21.

                              A lot of Forex traders most often prefer trading systems that would precisely tell them where to Buy, Sell, Take Profits, set Stop Loss, e.t.c. Amazingly there are tons of systems like this on the internet claiming to have 100% precision buy/sell signals. However based from experience and tests, most of these systems always lack a vital quality, which is dynamism, and continuity.

                              The ProFX system has been existing for many years since the era of EA Shark & EA Ultimate. I could say it has not lost its touch since it was developed. The new version offers refined features taking into cognizance the changes and latest market shifts incorporated into it.

                              Live Performance Result (MyFxbook.com)


                              How Does ProFx 3.0 Work
                              The semi-automated Forex trading system continuously analyzes technical and fundamental market conditions and comes up with precise entry and exit signals through audio, e-mail, and SMS notifications whenever a new high probability setup has been detected. It acts like a super guiding system.

                              Key Features
                              1. Buy/Sell signals (depicted by up and down arrows)
                              2. Built-in E-mail,SMS, Audio Alerts
                              3. Can be used to trade Futures, Options, Commodities, e.t.c.
                              4. Displays SL and TP areas on the chart.
                              5. Warning system on when and when not to trade.
                              6. Can be used on Five (5) trading accounts.
                              7. Subscribers get daily trade suggestions though email.
                              8. Free build updates.


                              Performance
                              ProFx 3.0 performance results has been positive since it was developed. In the month of January 2014 it made $430.20 profit. In February it made $254.97 profit. Total profits made since inception (Sept 2013 till date (March 5th 2014)) is $1,961.18. These figures are verified by MyFxbook.com live tracking and monitoring system.


                              Price
                              ProFx 3.0 is sold for $189.00. This is quite some amount of money though the performance shows a good return on investment when compared to the cost price. 

                              ProFx 3.0 has made over $792.81 since January 2014 till date (March 5th 2014).
                              http://www.forex21.com/forex-trading-strategy-profx#a_aid=51e67ce7cd13d&a_bid=c2a0cb7a








                              Have you used ProFX 3.0 before or you are currently using it? Please share your experience with us.




                              Jumat, 21 Februari 2014

                              Eight (8) Popular Mistakes Traders Make That Blows Off Their Accounts In Minutes

                              "One of my worst moments in Forex as a beginner was when i placed a trade unknowingly during the news release, and i experienced a spike, which went very fast against my trade. My new live account got blown off in one day".

                              "Most traders fail not necessarily because of what they didn't do correctly but simply because of what they did not know."  - C.E.O FXTradeCity

                              What a headline! I guess you had expected something different like; tips on how to increase your Forex account to mega figures. However topics like that has lesser impacts on your overall productivity compared to understanding what would make your account dry out after few trades.

                              One basic fact in Forex trading is that it takes several months, and possibly some years to grow a steady positive account. On the contrary it takes few minutes or few trades to blow off an account no matter its size. 

                              This article reveals the signs, and likely factors that causes traders to blow off their accounts within minutes or after few trades.


                              Abuse of Lot Size: Leveraging in Forex makes it very appealing but somewhat destructive if it is not used appropriately. If trade moves to your favour - great; but when it goes against you, it goes real bad. Unfortunately the high value of the spread on some currency pairs increases the effects of position sizing especially during volatile sessions. This increases the value of losses when the market goes against you due to wrong lot size orders. A major factor that makes traders abuse lot size is greed, impatience, poor knowledge on leveraging, and trying to get back at the market after series of losses.


                              Not Setting Stop Loss: Majority of traders often get too confident as they progress in Forex trading especially when they have been experiencing series of success, which gives them the feeling of having a "control" over the market. The obvious fact is that you may be able to achieve a 100% calculation on your forecast but you cannot predict the next unsuspecting event in the market. Moreover other factors like technical platform glitches, sudden breakdown on internet connection, price feed issues can occur at anytime without warning. During this period the account would be exposed to undesirable effects until the trader get across to the broker to place a stop loss or close the order which might be very late. 

                              Some traders leave out stop loss because of alleged broker manipulation (stop loss hunting). However it is much better to use trade management tools to place stop loss that the broker cannot see or manipulate rather using mental stop loss. 

                              Hurrying to take a trade, bad trade habits, and over confidence are some of the reasons why traders make this mistake.



                              Refusing To Take Your Loss: This happens when trade has gone sour, and should be closed immediately to protect the account from total margin call. Rather some traders would hold on to an imaginary "blind" hope that the the market would reverse to their favour, but unfortunately it continues to go bad. It is better to take the loss, and keep the account alive for more opportunities than to sacrifice your account on one stake of 50/50 probabilities. The ability to take the right decisions despite a bad turnout is what makes you a better trader. A major cause of this is ego, wrong hopes, and bad trading strategy.


                              Over Trading: When you always "feel" like trading irrespective of whether the market is set for trading then your account will get wiped out in no distant time. The urge to trade would not force the market to your terms. You could be ready to trade but the market isn't ready to move. Over trading also involves placing abnormal amount of orders especially without a trading plan either because of the fun of it, anxiety, urge, and the need to meet your targets very quick.This will put an account at the verge of crashing down.



                              Unbalanced Scaling of EAs & Trading Systems: Trading systems whether automatic or manual require certain balance on the account to trade effectively with minimal risks. Some are aggressive (high lots, orders, martingale, e.t.c.) while some are conservative (strict money management rules). Some are designed with the capability to hold a position to a near drawdown level then they spring up again. Some multiply their order placement or amount in successive trades, while others trade diverse lot sizes. 

                              If you have such combination of systems like this in one single account then you need to scale their lot sizes appropriately or use tight money management else your account could likely get wiped out to over margin exposure when the market goes haywire.



                              Trading With Unverified/Poor Trading Products: This includes poorly designed EAs, Indicators, unverified Managed Account Schemes, and Signal Services. This is one of the fastest way to get an account wiped off. A higher majority of traders are unfortunate victims of this. Some traders only got to know that the products they had been using to trade or trading for them was fake only when their account got wiped off. 



                              Over Leveraging: Its surprising that some traders request for high leverage like 1:500 from their brokers for a small account size. Some are wrongly advised to believe that the leverage would speed up their gains in Forex. Most inexperienced traders do this in a bid to achieve their illusinations of gaining thousands of dollars and millions in a short time. A leverage of 1:500 on a small account size with wrong lot sizing would definitely fry the account in few trade losses. 



                              Breaking Money Management Rules: This is the biggest mistake of them all. Every trader ought to have a trading plan, which ideally should include money management rules. 

                              Money management is the key to keeping your account alive after series of losses. When you break it, there's a penalty to pay even the worse penalty - which is a "blown account".

                              These are the Eight (8) major causes of trader's mishaps that cause their accounts to get blown off.

                              kindly share your worst or good moments here with us so everyone can learn. 

                              Also keep this in mind; in Forex there will always be a downtime, but successive traders are those who minimize them. 



                              Rabu, 12 Februari 2014

                              How To Setup Forex Trading For Mobile Smartphone Devices

                              Image courtesy of watcharakun / FreeDigitalPhotos.net
                              Mobile devices play a vital role for Forex traders who wishes to constantly get updated with the trading activities in their account(s). While a VPS is necessary for 24/7 Forex Trading operation, traders would still need to frequently access the VPS portal to get updated information of their trading activities. This is where Mobile Trading comes handy.


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                              Mobile devices like Smartphones, iPads,  Blackberry, iPhones, Tablet PCs, e.t.c comes with micro processing power enough to enable Forex trading on a mobile device. This makes them indispensable as they enable traders to keep up with their accounts anywhere, anytime as long as the necessary network connection is available. The amazing thing about these mobile trading devices is that virtually every tool & display functions you find on the trade platforms on the computer laptops or desktops can be found in these mobile devices.

                              Important Precautions on Mobile Trading Devices
                              1. The larger the screen the better the visual display.
                              2. Pick a mobile device with a faster processor, and open source operating system like android iOS.
                              3. Look out for mobile devices with auto screen orientation positioning features.
                              4. Multiple network capability (GSM, 3G, 4G, WiFi, HSPA, e.t.c.) should be a priority.
                              5. Look out for strong authentication security features. Mobile devices are susceptible to theft, and data loss so it should have strong security/backup features.
                              6. It is safer to dedicate a spare mobile device for Forex trading. In other words it should be separated from your usual mobile handset device.

                              MT4 MOBILE FOREX TRADING DEVICES 

                              iPhone/iPad Mobile Device
                              Mobile trading applications are designed as apps in Apple's mobile devices like iPhones & iPads. The MetaTrader 4 App can be found on Apple's App Store, and can be downloaded through Apple's download utility called iTunes to your iPhone or iPad mobile device. 

                              Compatibility
                              Requires iOS 4.3 or later. Compatible with iPhone, iPad, and iPod touch. Also optimized for iPhone 5.

                              Recommendation
                              Use the direct download through the App Store on your Mobile Device or download iTunes to your computer and download the MetaTrader App, which you can transfer to your mobile device through the iTunes utility on the computer.
                              https://itunes.apple.com/en/app/metatrader-4/id496212596#



                              http://signaltrader.go2cloud.org/aff_c?offer_id=2&aff_id=1132


                              Android Mobile Device
                              Google's Android OS comes with extensively rich features, which is widely accepted by major mobile device and tablet PC manufacturers. MetaTrader 4 App can be downloaded for free on Google Play Store App website.

                              Compatibility
                              Last update December 28, 2013 to version 400.506. Requires OS 2.1 upwards. Check your phone manufacturer's guide for compatibility issues.

                              Recommendation
                              You need a Google Play Store App account to get access to the download/install. Samsung Galaxy Mobile Devices & Tablets are better in terms of speed, graphics & processor power.
                              https://itunes.apple.com/en/app/metatrader-4/id496212596#




                              Pocket PCs (PDAs)
                              This is specially designed for Pocket PC Devices with Windows Mobile OS. The Windows GUI design makes it easy to use due to the same functions you'll find on the normal Windows desktop computer.

                              Compatibility
                              Windows OS 2002 and higher. Windows CE 3.0.

                              Recommendation
                              Ensure your PDAs or Windows Mobiles are constantly updated with the latest Windows OS for performance issues. Nokia Lumia comes with better functions and hardware resources for Mobile Trading. However tablet Windows OS would perform better in terms of wider graphics and processor power.
                              http://files.metaquotes.net/metaquotes.software.corp/mt4/mt4mobilesetup.cab





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                              Mobile Smartphone Edition (SE)
                              The Smartphone Edition (SE) is specially designed for Windows Mobile Smartphone Devices, which is the predecessor of Windows Phone. Its generally supported by

                              Compatibility
                              Smartphone, Windows Mobile 2003 for Smartphones and higher.

                              Recommendation
                              We recommend sticking with the 2003 or 2004 versions and brands of Windows Mobile Smartphones to enable compatibility sustenance until Metaquotes announces updates for higher brands, and versions.
                              http://files.metaquotes.net/metaquotes.software.corp/mt4/mt4mobilesetup.se.cab



                              A mobile device would always keep you informed of the current events on your trading account irrespective of your location. You can also perform trading operations at any time.


                              Kamis, 06 Februari 2014

                              FXTradeCity Forex Signals

                              Welcome to our trade setups, and suggestions dedicated to the Breakthrough EA trading system, and our proprietary 40 - 50 Pips MA Combination Trading Strategy. (**News Trading Setup is now included. Please refer to the guidelines on How I Trade The News Part 1, 2 & 3)

                              The essence of this service is to give everyone the opportunity to share from our personal trade setups, and as well make room for others to share their experience.

                              Go straight to.... Guidelines | Chat App


                              Breakthrough EA
                              The Breakthrough EA is one of the best complementary trendline trading tool that automatically place trades with the aid of manually drawn trendlines. This EA has great potential and very good win rates. Learn more about the Breakthrough EA.


                              40 - 50 Pips MA Combination Trading Strategy
                              This is our proprietary trading strategy, which aims at taking advantage of price action at 90% precision. The strategy reveals areas where we can set traps in the form of pending orders that will eventually give us 40 to 50 pips consistently. Learn more about the 40 - 50 Pips MA Combination Trading System.


                              Signals would be published in various social media (Facebook, Google+, LinkedIn, Twitter, e.t.c.) to ensure everyone get updates for the time being. 

                              Please note the following:
                              1. The systems should work for any broker. However our
                                https://www.hotforex.com/?refid=38774
                                trades are hosted on Hotforex MT4 Build 625.
                              2. There are no precise times for trade setups for both systems. We advise signing up to our data feed or any of our social media platforms to get instant updates.
                              3. The signals are suggestions and are therefore offered as "USE AT YOUR OWN RISKS". Please see our risk disclaimer policy.
                              4. See samples of signal format:
                                • Breakthrough EA: Time, Trend, Start Candle, End Candle, TP, SL, TS. E.g 2013.03.27 12:00, Uptrend, Start Candle: draw trendline from 1.37402 to End Candle at 1.37588 or to next lower lows or to "n" candle bar where n = next bar(s) after start candle (pictures would be used to illustrate when necessary).
                                • 40 - 50 Pips MA CTS: Time, Buy Stop, Sell Stop, TP, SL. E.g. 2013.03.27 12:00, Set Buy Stop @ 1.56730, TP @ 1.57130, SL @ 1.5640. Set Sell Stop @ 1.52500.................
                              5. The stop loss and take profits are suggestions. You are free to adjust yours to suit your money management rules.
                              6. Be cautious of economic news release prior to placing the trades. 
                              7. We will be using the chatting application below for discussions, sharing trade results, and collaboration.We welcome your feedback, ideas, and suggestions.

                              FXTRADECITY LIVE TRADE ROOM
                              Instruction: Click on Set Name at the bottom right of chat app to Log in. You can import your avatar.


                              The image (Mobile Antenna) is courtesy of David Castillo Dominici / FreeDigitalPhotos.net