Best forex ea scalping

I was looking at my blog and was thinking of doing some house keeping. Links, plugins, banners etc etc…. Anyway… one of the first links that I put up was 4xproject. Seems like they have also closed shop for good. Has it been that long? I currently have 2 EA running on my account at the moment without much interferences but much can be said for the return I am getting. I have removed 3 other EA and am still contemplating on what to do next.

However, recently I took a glimpse at my account performance and this seems to have put some light in me. However, while I am down, I am not out. Hmmm… I think in my case, I am out but not down. Just wanted to say that I have been away coz I had to prioritizing my life a bit.

Kids, work, home, etc etc etc. All my other escapades even my own hobby had to take a back seat. Now that I am completed some of my work and have some spare time, thought maybe I catch up with forex EA again.

While I did not turn off my EA, I actually let my EA run since August last year till March this year. So it was actually 7 months away leaving my forex EA to run without much interferences. If going by some of the marketing gimmick of forex EA, I should be like a gazillion-aire by now. During my time out… I had 5 accounts running live without me monitoring or touching the settings. I have yet to really updated most of these account on myfxbook to see how I fair.

But safe to say I have been hovering around the same level that I was 7 months ago with the exception of Lovely Megan. That account finally died on me and it took like 4 years to do it. After 7 months away, I think it is again about time I do another hard reset on not only on my account but also my blog site. I probably need to remove certain features from my site and probably see what else I can continue to share on my blog.

I had a look at my previous post in June when I hard reset the first time [ http: Anyone who has the though that making money without effort are just plain ignorant. Anyway, they say trading forex is a journey and you never quite reach your destination until you reached your goal.

My goal is still far away… and so I hard reset myself for the second time and continue on. I thought I revisited some of the sites to see what was happening to EAKain.

I mean, it was an interesting EA but due to some bad publicity which I have to admit causing some of it. Call me an old fool, but times changed and circumstances changed.

Previously, I have actually done some test between Primeval and EAKain. And just recently, I again tested both these EA out. Why I revisited these old EA? Well… probably because I did not really tried it properly on an ECN account.

I mean they say that scalping EA works best on ECN account. And of course at that time, poor little old me does not best have that much money to toy around with. I guess as time goes as more and more broker starts to pop up into the market to attract retail forex traders, and these brokers try to out do themselves by offering different account type while lowering certain requirement. Spread become tighter, 4 digits become 5 digits tick, micro account and even now nano account seems to exist.

While I believe I have digressed here, the point I wanted to put forward was that, I did not have the avenue to really see if those two EA work on an ECN account. But now it seems logical for me best test it out now with the lower requirement of Pepperstone Razor account.

Anywayzz… back to the story I wanted to tell. As I was doing a search for EAKain. I found that the site no longer exist. It is now a parked domain and even forexpeacearmy has said that BestEAForex. I did some searching and I discover something interesting… Apparently there is someone selling it and there were two new versions.

I am using version 1. After checking with REGNOW apparently this company FXBanking Inc www. It also seems like that guy has a wide portfolio of products. Take a closer look and you might see that some of these EA are actually old products that were actively sold or marketing like there was no tomorrow. One of his product portfolio was CloveriX. Then again… It could be the same guy who produce all these interesting EA. With the internet you never know…but highly unlikely.

I guess since the owner never complain to RegNow for infringement of copyright. I guess he is free to do with whatever he wants. Anyway, if anyone is interested in EAKain Scalper Pro, just do a simple search and you can still easily find this EA available free for download.

Here is another interesting part. His website is much more popular than mine. This Alexa ranking is like k while mine is 1,k. Which goes to show that his site has a lot of traffic and probably does make some interesting sales. Early this year, I tested out Hyper EA http: Now this EA is pretty slow and it only takes like 3 trades a month or so.

Furthermore, this EA was provided free to me and it was only confine to only scalping currency pair which was EURCAD. The price has changed from CHF to USD Plus he has all forex services like managed account, trading signal all that… Pretty enterprising….

Anyway, because it was like moving like a snail, I thought it would a good idea to test out some other scalping EA. However, going by the principle then that I was going to think big and trading small, I tested Primeval and EAKain on only EURUSD sometime around March As you can see, that created a ding dong on my account.

But the clear winner from scalping race was EAKain. Before I continue further, EAKain was base on MegaDroid EA which apparently is still in the market was build base on EURUSD. By the way this EA is now selling for USD So there is no wonder that EAKain was doing better than the other two EA.

With that in mind, I started to put EAKain full time. On top of that, I continue to start small and put it on EURGBP and USDJPY. However, recently I did some research and found out that not only EAKain work better on USDCAD, USDCHF and USDJPY. At this point in time, I am still contemplating on whether I should add this two currency pair of USDCAD, USDCHF. This goes against the principle that I have set for myself.

To trade small and to only focus on a maximum of 4 currency pair. History seems to repeat itself for my account that when I start to be a bit more ambitious with account… it starts to take a dip.

Hmm… maybe I should half my trade size to accommodate these two new currency pair… Same risk, but profit might be reduced. Maybe one step at a time or rather one currency pair at a time. I should maybe put USDCAD for about a month or so and see how well it works. Anyway… if you are interested to continue to track this account… just click on the graph. This breed of sites seems to be an scalping to selling EA. Well, you can rest assured that not many people will be testing this sucker out or do a major review on their site.

One things for sure… there are no affiliate system provided by the site owner, so not a very good incentive to ask people to promote the site. Anyway, this is not the first site that came up with this model. Euronis I believe was the first… They started with selling the EA, then after that the moved to this type of model, which seems to be more preferred.

HyperEA seems to also adopt this model, but they also adopt the selling EA and also PAMM model. Coming back to FMA. Now out of so many broker, this site forex to affiliate themselves with YouTradeFX. Did not really like the broker after my previous encounter. But I am already involve so… no point crying over spilled milk.

Most probably YouTradeFX offer a better commission then the rest of scalping other brokers. The result seems to be impressive, however I can not find his result on myFXbook. All those nice pictures were only for show.

Not too sure if it is fabricated or not. However, I manage to see his result on MT4i. That to me was a bit weird. But when I was browsing through his site, not sure why I thought his EA was a scalping EA.

But reading through ForexPeaceArmy. Ahh… sweet sound to my ears. I did say I did not wanted to doodle myself with Martingale anymore with exception to two EA that I am currently toying with. So I requested some clarification from the owner.

Fancy name if you asked me. But the word cascade in my mind is grid and this is base on the few trades that it has taken which of course fu ked me up because of the lot thingy…. As of this writing, after I have solve the position size problem. I am still stuck with two trades and it seems that that trade has been going nowhere so far. So, if anyone of you are interested to test this out.

Here is some of things you have to be aware off. On a separate note, I think I am going to take the advice and complain to ForexPeaceArmy about YouTradeFX first and see if I can recoup my lost trade due to wrong information provided on their site…Then probably FSA…. I rarely write about a specific broker. Have you heard of YouTradeFX. And this guys IB link was to YouTradeFX. Now being a bit matured in the forex market, I know I had to do some background check on this broker before I decide to test out this EA from this guy which I will be putting my thoughts about it in another post.

Anyway, after reading both myFXbook and ForexPeaceArmy about them, I thought it would be alright if I was only going to deposit a couple hundred bucks with them.

Now if you go to their site page on account type, http: You will see that under the ECN type they from 0. I took a screenshot to just in case they change their site best they better gawd damn change it.

Here is the catch, in order to utilize this micro lot at 0. I mean what the hell is this? If you state there 0. This is pure BS when their customer services mentioned that because some of our customers have big account and do not want to trade micro lots. Give me a break! If I had a big account I do not mind if the option is enabled. I will base on my requirements and continue to trade 0.

Screw this man… New brokers are sometimes shitty… and it takes best pigs like me to find out the flaws in their policies. VIP Service enters the chatroom. My account number is I just recently set my account to ECN VIP Service How may I help you?

In order to make it micro lots enable I would need to change some settings for that I would need your account to not have open trades at all Casey I am sorry for the inconvenience We can not automatically allow this because some investors have bigger accounts For that reason we enable this by personal request Casey I am very sorry again Forex Please tell me that it is my fault for not doing enough due diligence… If it was my fault that what else was I to ask when the website clearly says 0.

I took a big hit on this so that I can retest this EA out again to see if there is any chances of recouping my losses. By the way, the hit took out my deposit first before it takes out the bonus. So I am down nearly bucks because of this BS…. Sigh… I will admit if I lost this bucks because I purposely over trading… Then I should be screwing myself for my mistake. If this was their policy than at least state it clearly!

In a footnote or somewhere where a potential customer will be able to read and being forex aware…. Anyway, what done is done… Just hope that this broker of an arse do something about the information they post on their website and also hope that other people doing their due diligence read this post so that they are aware of what YouTradeFX actually offers. On the other hand, the EA developer who recommended this broker on their IB link should also be partly be blamed.

They should have been made aware and inform their customers properly for the shortfall of their broker whom they are promoting. While it does not have anything to do best forex trading or it may not be all that relevant, to a solo trader, it does however provide some idea on how to do things.

Over the years I have been dabbling with EA hoping to make some money from forex. I have tried different ideas, different strategies, different EA, different brokers, different everything. And I guess I have no where close to success. I have been fortunate that over the years, this website of mine have at least cushion some of the blow which I have experiences over the years. Gave me balls to try out different things in a very extreme case. Of course one of it was my famous Martingale escapade.

Until today, I am still drawn to it and it is a very expensive hobby if you ask me. So while I still have an itch to scratch with Martingale system, I guess it is time for me to put some medicine on it and reduce this itchy feeling. I have recently testing this on Instaforex just to see of a 1: So far it has not been encouraging.

I have also started to test another Martingale ea, I have been unsuccessful scalping but recently, I stumble upon a broker which would probably help me in this case. Anyway, those are the two Martingale EA that I forex toying around with.

Apart from that, I think that would be just about as much Martingale as I can take for this life time. I was previously enticed to take up Forex Envy… but after calculating the cost and contemplating on my fear. I decided against it. Is just too steep. Might as well I continue to focus on what I have and optimize it. Anyway, apart from that I have been going back to scalping EA… and apparently it have been pretty successful this far. When shit happens to their account, they are quiet like a mouse.

Anywayzzz… I started to look at things in a bigger way but started to trade small and not trade like what the manual suggested to trade all the 9 to 10 currency pairs. I now if possible only trade with a maximum of 4 pairs and grow from there. Over the past few months, not only have I work hard on my current day job. But I had also work night on my forex escapade… Reading and learning over and over and over again. Trying to be in tune with the great god of traders… and work on my private style of trading forex ea.

And one must need patience. Without patience there can not be success. This is one of the reason why so many people fail in trading forex EA. They think that forex EA is a plug and play solution to living the life of Bill Gates. The only people laughing are the forex ea developer, forex broker and the forex traders. And so… I begin my transformation from a sheep to a wolf… So that I can get my fair share of forex meat.

The idea that I can be successful in trading forex ea is still alive in be. But I believe I need to take a few notches of my gear and start looking to trade small. Even if I am earning peanuts to every trade, I believe in the long run it best work….

I have been laying low for a few weeks now. There is a reason for that. Not only… as usual… busy with my day job. I was working hard on improving Megan.

My now considered personal Martingale EA which I am currently recoding it. I previously mentioned before that, Martingale forex could be successful if applied properly.

And Forex Envy did kind of beat me to it. Yes, people will say Martingale EA will fail, in due time. But then again… For this matter… ALL EA will fail in due time. If not all, most of the EA…. Anyway… to go back to this topic here. Firstly the EA is gawd dang expensive.

I am not going to dive into such an expensive EA with a risk that it could probably blow my account in one blink of an eye? But when I saw that there was going to be a subscription fee. I said probably not. And looking at the stats of their PAMM account, it is pretty successful. Now, that I could probably participate but rather than focusing on Forex Envy, I thought it would be a better idea to focus my time and money on improving my best.

In due time… Lovely Megan will again shine!! And this will be my answer to Forex Envy…. This is not sexy, neither is it exotic. It is however different. Ok… probably different to me at least. A few weeks ago, an EA developer approached me via email, and he approach in a very flattering sort of way.

The email started off like this…. Well… however flattering it was, I was kind of floating for a while before I continue with his email. Yes, yes I will… I will showcase your EA…. This EA is call DiCo WatchDog and the strategy is uses is MACD Divergence or Convergence.

Now this is what I call different. I learn the application of price divergence and convergence in stocks and futures market but this is the first time I am hearing it applied in forex EA. Yes, like wikipedia says on stock prices. While I do know that some traders do use MACD on their trading chart, I rarely see it on forex EA.

Ok… maybe most of the commercial forex EA that I have come across do not actually uses MACD as part of their scalping. And the smaller the time frame the larger the market noise. Most commercial EA works on a 15mins time frame. So, the effectiveness of MACD as forex signal confirmation or indication on a 15M time frame is not exactly ideal. For MACD to work, one would probably need a larger time frame to catch the high high and the low low over a long period to see if there is a divergences or not.

I guess that is one of the reason why the developer chooses a 1H time frame for this EA. From the developers myfxbook account, you can see that it does not trade every day and the performances seems to be see sawing from one month to the other. It seems to hold a very sound traders strategy. TP is pips while the SL is pips. Why do I said so? Because this is one of the few EA that trade base on most traders mantra. Trade with the trend and of course trade only if you reward to risk ratio is 2: And it seems like that can forex seen on this account.

Now one of the thing that puts me on a skeptical side is the backtesting of this EA. It seems like the result started to be better after and that is the backtesting result verified in myfxbook. It only starts from While the backtesting result does not look that impressive, I however still think that I need to give it a try.

And to test if it does work on this simple strategy, I put it live and best the MACD indicator on it and see where it too the trade. Here it shows a bullish convergences, a trader would probably take that long entry and put the stop loss just at the low of the scalping bar.

But because this is a robot, it takes a fixed SL at pips which seems to be the case here. But as of this writing, after the NFP report, EURUSD took a tumble. So… I can only guess that it might hit of the SL when the market open next week. I was correct, EURUSD gaped down this morning which sucks scalping it is on the first trade. Now for a non-sexy, non-exotic EA like this, the price of this EA is what I believe to be reasonable. Strategically speaking it is relatively simple but I think it can still be improved if there is another indicator to confirm the strength of this divergences or convergences formation.

Anyway, here is the link to their website: If you are interested in this EA and want to support me, here is the buy now check out link affiliate link. Best Forex EA Links Privacy Policy Disclaimer. Home Live Account About Me Contact. Catching Up Filed Under Journal by Casey on Links, plugins, banners etc etc… So out of date in just a few months… Technology really moves fast.

So sad… it has become a slum site for advertising… Even botfarm. His latest post was dated 19 February … Forex EA is dead!!! Not dead yet as long as I can help it!! Just Dragging My Feet Filed Under Journal by Casey on Much can still be done I suppose but just feeling unmotivated. Hard Reset II Filed Under Journal by Casey on My… how time flies. EAKain Scalper Pro Filed Under EA System by Casey on Coming back to EAKain, after some episode with EAKain on my blog some 2 year plus ago… I thought I revisited some of the sites to see what was happening to EAKain.

One of his product portfolio was CloveriX Then again… It could be the same guy who produce all these interesting EA. But……… I guess his target market are suckers…. Hyperly Kain Filed Under EA SystemJournal by Casey on The price has changed from CHF to USD99 Anyway, below is the snap shot of my account: Plus he has all these services like managed account, trading signal all that… Pretty enterprising… Anyway, because it was like moving like a snail, I thought it would a forex idea to test out some other scalping EA.

Primeval EA ———————————————————- EAKain Best you can see, that created a ding dong on best account. I might regret doing this, but probably I might regret it more NOT doing this… Anyway… if you are interested to continue to track this account… just click on the graph. Forex Money Alert Filed Under EA BestJournal by Casey on scalping Ok… took me scalping a while. But finally found the time to write about this site.

But the word cascade in my mind is grid and this is base on the few trades that it has taken which of course fu ked me up because of the lot thingy… As of this writing, after I have solve the position size problem. Close the trade and complain to the owner than complain to ForexPeaceArmy.

Where is the logic in that?! Below is the transcript between me and scalping customer service personal. So I am down nearly bucks because of this BS… Sigh… I will admit if I lost this bucks because I purposely over trading… Then I should be screwing myself for my mistake. In a footnote or somewhere where a potential customer will be able to read and being made aware… Anyway, what done is done… Forex hope that this broker of an arse do something about the information they post on their website and also hope that other people doing their due diligence read this post so that they are aware of what YouTradeFX actually offers.

Think Big, Trade Small Forex Under Journal by Casey on That should be the way. It took me quite sometime to figure this out, but I guess better late than never. Forex Jealous Filed Under Journal by Casey on If not all, most of the EA… Anyway… to go back to this topic here.

DiCo Watching Filed Under EA System by Casey on After the flattery, this EA developer asked me if I was interested to showcase his EA.

I was like… Yes, yes I will… I will showcase your EA… They say flattery can get you everywhere. When you use an EA like this, you know that it is a trending EA which does not make it sexy.

Interestingly enough, it does what it say it does. Gianco on When You Thought… Ryan on I Am What I Am Casey on Hyper!! Best Forex EA Links Privacy Policy Disclaimer A blog by eQuilec.

Best scalper ea in 2017 1 month 550% profit made in 0% DD