Congrats for deciding on purchasing the Forex Maximizer by
Kevin Long.
If you picked up the software on the day of its launch, you would
be in a healthy profit by now. Week one fielded 7 wins and only
2 losers.
However, if picked up your copy only this week (starting May 16),
you might have seen some loss trades that may be discouraging
to you, especially if you’re a new trader.
Nonetheless, rest assured I’m also running Forex Maximizer on
my virtual server (which I’ll mention later in this email how you
can get for free), and I’m keeping tabs on winners and losers.
Forex trading is something for the long haul. Surely, there will be
losses, but it is in our interest, and may interest for you to make
more winners than losers. Most importantly, a good trader knows
how to stay in the game, without having to risk more than his
initial capital.
Thus, I shall hereby give you some settings to optimize your
trading for Forex Maximizer.
OPTIMAL SETTINGS FOR FOREX MAXIMIZER (GBP/USD)
Courtesy of Julian Wong.
Acc Size: Lot Size: Price/Pip:
US$500 0.01 $0.10
US$1000 0.02 $0.20
US$1500 0.03 $0.30
US$3000 0.05 $0.50
US$5000 0.12 $1.20
US$10000 0.23 $2.30
*Notes: These lot sizes refer to Standard lot. If your account is
running as a Mini Account, please increase by one decimal
spacing respectively. i.e. 0.12 lot size for $5000 account
becomes. Most importantly, please check with the price/pip
movements to see if they resemble the above estimates.
**Notice that I propose being more conservative at larger acc
sizes.
OPTIMAL SETTINGS FOR FOREX MAXIMIZER ADVANCED
(GBP/JPY)
Acc Size: Lot Size: Price/Pip:
US$500 No Trade No Trade
US$1000 No Trade No Trade
US$1500 0.01 $0.10
US$3000 0.02 $0.20
US$5000 0.04 $0.40
US$10000 0.08 $0.80
ATR: Leave as default of “40″
UseBeStoploss: True
BE_After: 30 (default)
Breakout Spacing: 4
*Note: According to backtest and forward test, the GBP/JPY
is highly profitable but also highly erratic. In historical testing
while it is profitable on longterm, you may see some balance
fluctuations occur alot in the short term. Thus, I’d rather you
scale your losses and winners for more account stability.
ADDITIONAL ROBOT FOR YOUR DOWNLOAD
In addition, I have included as an attachment a Third robot
for your download. This is for the EUR/USD pair. Apply this
to the 1H Chart. Set Money Management = False, and follow
similar lot size recommendations as the Forex Maximizer
(GBP/USD). Fairly consistent and has been making money
regularly over fairly long period.
FOREX MT4 Broker / Demo Account
I didn’t really bother with the $500 trading incentive offered,
as you’d have to hit 60 bloody round trade lots to get that.
That’s just not practical.
The broker I’m using can be found at http://www.fxprimus.cc.
Low spreads, Support Hedging, Partial Closing, High leverage
of to 1:500. They also offer Straight Through Processing, and
No-Limit Hedging functions. http://www.fxprimus.cc is very
good on the GBP/JPY pair trading, with lowest spread of
2 pips! I suggest you go for either the “Variable Spreads” or
the “ECN” account type – depending on how much fund you
intend to trade with.
FREE VPS HOSTING
Please… please… please HOST your EAs! It saves your PC
from over-heating, doesn’t fight with your other applications
for memory and internet bandwidth usage, or risk your trading
getting thwarted by bloody Windows Update REboot, power supply
Cut, or your nosy sibling or Mom – and why not? Especially
when it’s FREE! Read for details at
http://www.forexpipmaker.com.
That’s all for now. Any questions please write me. I’m more
than happy to help and advise.
Please make the respective changes before trading resumes
Sunday evening.
Good Trading,
Julian Wong
a.k.a. The Professional Bum
www.AsianWealth.com
www.AsianWealth.com/blog
Preferred Broker: http://www.FxPrimus.cc
Preferred VPS: http://www.ForexPipMaker.com