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Dear Chris,
there are no stupid questions in this forum. Interesting question from your side about the bitcoin price. Hard to answer this question, and I do not think someone can answer 100% with a certainty. If I need to give you an answer, I would say that the reason for the bitcoin price to move with $1000 daily is not just because everybody is talking about it, but huge investors are involved already. As with the Forex, price can not move so much from single/small players as we are.Thanks, for the nice words Chris!
Desita, glad to hear you held the bitcoin, but you need to take some profits one day, keep it mind 🙂Guys you will be surprised to see that when you are using forex ea and cryptocurrencies ea, the little difference there is just the history data behind and the optimization process.
What I mean is that if you have already few forex ea you, you can easily modify them to cryptocurrency ea.
What you need to do:
1. Upload the forex ea that you have in the EA Studio.
2. After that import history data for the cryptocurency ea that you wish to create (the cryptocurrency history data – Bitcoin for example)
3. See the performance of the new cryptocurrency ea – probably you will find it horrible. This is normal because this was a forex ea and you see it now as a crytpocurrency ea.
4. Optimize the EA for the new cryptocurrency data.
5. Be careful to avoid over optimization by using round steps in the optimizer
6. And just repeat it for all forex ea that you have, in order to find a profitable cryptocurrency ea.
7. If you can not find any, simply run the reactor over the cryptocurrency data, and you will have manyHope this helps and I think I will add to this topic cryptocurrency ea, because everybody is asking us for that.
Feel free to share cryptocurrency ea here, as well as forex ea.
Cheers guys!Hey Peter,
Yes you better change the number…the problem is that your number is not with only one but many.
This happens because you have registered on some Ad, but this Ad was from Affiliate(this is how they call themselves). After that they give your number to many brokers, so the first that succeeds to deposit with you, will pay the to Affiliate. Overall the Affiliates are the once making the sweet money.
Keep your head up always when dealing with anyone over the phone.Hey Desita,
I am very glad to hear that you succeeded to make this profit. Believe me it is not small!
Personally I joy on every pip and dollar gained, because I know the hard years behind me, so each pips is just precious.
Keep up the good job!
Dear Desita,
Normally here we are not giving any trading advises for the Bitcoin or any other asset. As you know we are academy, and we will give you an answer to every question connected with education. Also, here we do not predict, but we base our trading and education on algorithmic trading and formulas, to make sure we have stable results based on past performance, Monte Carlo test, statistics etc.
Anyways the Bitcoin is just reaching new Tops, I do hope that you had the courage to hold them, so I do believe now you are on profit.
Good luck to you
Dear Andy,
Thank you for writing personally to me here in the forum, and I will answer to you as follows:
Yes, we are not connected to any broker and long time I did not allow any of my mentors or colleagues to suggest brokers, but the problem with the scam brokers is getting bigger and bigger. Nearly every day students are writing to us that they have lost money with some scammers. Unfortunately we can not do anything to help them get beck the money. The only thing is to give you some tips(As Svet did), so we will make sure that our students will avoid such scam brokers.
As a decent broker that we are recently using is JFDBrokers. They have really tided spreads, swaps etc. Also, they are regulated, and they have office in Varna(where the academy was created and I have personally checked the office to see if all is good over there.
I would like to warn that if any brokers start typing here(believe me I can recognize really quickly), their posts will be deleted.
Hope this helps Andi
Cheers
I hope all understand why is hard to say for us with 100% stop it or not?
1. The Forex news affect the markets every time in a different way so we never know what will be the movement before, during or after the Forex news. So by stopping on those we limit the risk.
2. The EAs are created on historical data including the news, so basically they need to stand on these news and if we go on stoping, managing the trades, we do go back to manual trading.
So these are two major issues or theories that you need to choose one.
Also it depends what kind of Portfolio of EAs you are trading. If you are with trend following strategies and the Forex news go strongly against the trend you will expirience a drawdown in you balance.
You are right Pope! Rushing is a problem and most of the time the reason why people loose on the markets.Forex Strategy Builder helps us to test a strategy at the currency moment, because you can see the performance in the same second you enter the entry, the exit conditions, the SL and the TP. You do not need to test it for months to see if it will make profit or losses.
Dear traders,keep in mind that now we record all the personal educations we do and after each one, you will receive it as a recording, so you can review it after that. The education in any ea builder is all about details and we want to make sure, you don’t miss any.
About the scam brokers, yes its the horrible part in the financial market. I do not know how the people continue to give cards over the phone and believe that someone else will make money and profits for them.
Thank you Svet, for the topic, I hope more people will reach to it, before they are burned.
For me, even the brokers with high spread are scammers. I had a student who sent me the statement with the GBPJPY Strategy from the Top 5 Forex Strategies with losses and in the same time with us it was profitable. After we compared the statements we saw that his spread was 12-14 pips…and even he was pausing on news and all was done properly, the balance was negative.
I really suggest everybody to make a good resurch before taking any actions to open live accounts.
Thank you for the good words George, with the last results you sent. Me in the detailed statement, I think you are already much above your loses 🙂 good job!
Dear traders,
Our course Top 5 Forex Strategies was updated today with the new inputs for the used indicators, SL, TP etc. As you know there is already video how the update works and how you should update your settings if you are using the 5 EAs.
Despite the video i wish to make it clear how do we update the course:
We take 10 most famous brokers and we optimize the EAs for those. After that we take the avarege values for the indicators and upate the Top 5 course or any other EAs for students. But you understnad that this does not mean they will be really stable with your broker.The problem is that we can not come up with inputs that will work for all the brokers. You can not imagine how different prices they provide daily. So what you can do:
Register for the two weeks free trials on our website eaforexacademy com for EA Studio and FSB Pro.
During this time you should import the data from your broker in the softwares and you can to the optimization.From the Top 5 course only the GBPJPY EA works with EA Studio the rest with FSB Pro. You can also download it and install it in order to tune the EAs for your broker data.
Please keep in mind that it is very important to pause the EA FX before the news as well.
I hope that makes sense and i was useful.
Trade safe!