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  • Bitcoin Trading Example in 2021 with Price Action Trading

    Bitcoin Trading Example in 2021 with Price Action Trading

    Bitcoin trading example in an online course is a fantastic way to learn actual price action trading.

    Bitcoin trading example lecture. Hello, dear traders, it’s Petko Aleksandrov and in this article from  the course

    Price action trading course: Bitcoin and the Cryptos

    It really happens too quickly with the Bitcoin, it went above 10,000 just for a couple of days. And I was not planning to record more examples because I don’t want really to make the course really long.

    But using Bitcoin trading example is the best way to learn and repeat the right steps.

    I will go briefly through the setups and just show you what I traded. So here was the setup from the course.

    Bitcoin trading example
    The setup.

    There was the failure of the recent low, the cross of the EMAs, the break of the counter-trendline, the break of the recent high, and then the price continued higher.

    All of the 3 trades were profitable. I took one with the envelope, the next one I took on the second Fibonacci target and then with the third one, I was trading the Stop Loss and at the same time, I used the next Fibonacci which actually is much bigger because the price continued higher. So I had to fix it and redraw it.

    Let me show you where exactly it is. The Bitcoin price hits and then the end of this move is right over here.

    Fibonacci trading system
    The end of the move.

    So this Fibonacci got much bigger.

    Drawing the counter trend line for this Bitcoin trading example.

    Now, what happened then? The price had a pullback. And here I didn’t really see a nice setup to enter into the trade. I’m talking about this zone over here,

    there is n Bitcoin trading example
    No setup to enter into the trade.

    So if I had to draw a counter trend line and let me just show you, it’s something like that.

    The counter trend line.

    And even drawn like that, there is no failure of the recent low.

    So there is a low and then we have a lower low. So there is no failure of the recent low during this period of time. I just waited for another counter trend line, another opportunity, which was a great Bitcoin trading example. It came a little bit after that right over here.

    bitcoin trading example
    A great example of a counter trendline.

    This was a great counter trend line, which is my favourite price action trading technique.

    I had 1 horizontal line on the previous bar which I used as the recent high. So there is a series of lower highs and lower lows so I’m waiting for the failure of the low. And there is a failure of the recent low.

    The price fails to take this low very close to it but it’s still a little bit higher. Probably you will need to zoom it more so you will see the difference sometimes when the levels are very close to each other.

    The red candle, the spike below the candle, is just a little bit above the other one. Which for me is a great failure. Very close to it could be accepted as a double bottom if you want. Even if I’m not a fan of these old patterns.

    The impulsive break is what we are looking for

    And then what happened, the price broke aggressively. There’s an impulsive break, impulsive break actually of the counter trend line and the recent high with one candle.

    Impulsive break.

    So this is really the impulsive break, this is what I’m looking for, the impulsive break of the price. It breaks the counter trend line and it breaks the recent high. And at the same time, it closes on the extreme. This is a great Bitcoin trading example that I can give you.

    What means an impulsive break in price action trading?

    • long bar
    • close on extreme
    • crosse important level
    • huge volume

    On the break of the counter trend line, I have entered with 33.3% then on the break of the recent high, I have entered the 50%. And what’s interesting is that the EMA cross came later. So 16.6% came after the other 2 entries.

    At the opening of this bar, what happened, the price broke. I entered 2 times, the EMAs were not crossed and then they crossed over here so I entered on the opening of this bar with the 16.6.

    price action trading situation
    The opening of the bar.

    Keep your chart simple.

    Now, obviously the Stop Loss was below the recent lows. Now, I could have kept them but that’s quite a huge distance. So if the low was closer to those, probably I’d have placed it just below it.

    But this is a huge distance. I didn’t want to give such a huge Stop Loss, so I have placed it below. It’s below the 9,000 of round number which is great. So my Stop Loss was at 8,940. Below the 950 round number.

    And then what happened, the price continued higher. I had the envelope, of course, to take the profit of the 33.3% position, and let me just place it over the chart. I just remove it when I’m not using it because I really want to keep my chart more simple.

    And the envelope is quite huge by default. Let me just change it very quickly. So we said that for the envelope we are using the inputs of the length of 5 and the percent of 1.

    The inputs.

    The round numbers matter in Price action trading.

    And then for style, I have used green. So it’s the length of 5, percent of 1.

    And what happens, you can see that the price here was very close to the envelope.

    The price gets close to the envelope.

    However, on this candle, there was a touch. So I have taken the profit, this is the profit from the break of the counter trend line right at 33.3%.

    Let me remove now again the envelope so it will not mess too much the chart. And then the price just continued higher. My Stop Loss was trailing behind.

    You can see here, we have a higher low confirmed when the price broke this high. So my Stop Loss came here. Then it came here and then it was really hard to trail it because the price just went straight up.

    It went above 10,000 actually right over here with this huge candle. So this is what I’m talking about, the round numbers. They really matter. You can see how the price goes towards 10,000.

    Take Profit and Stop Loss are must if you are a beginner trader

    And the moment it broke 10,000 and just went like a rocket up. Once the 10,000 is broken, it just went straight up with over $700 just for 3-4 hours.

    However, my Take Profit, the second Take Profit that I have from the previous Fibonacci, so this one was still not available at this moment. I didn’t have this Fibonacci at this moment. The second Take Profit was at 10,464 is the price and I had the Take Profit at 10,440.

    The second Take Profit.

    Again below the 50 even if the price went higher, this was a really great move that I got here. This was the Take Profit of the 50% of my Bitcoin trading example trade. And then my Stop Loss was below the recent low

    Trailings Stop Loss is useful in Price action trading.

    And then I really didn’t have a place to trail the Stop Loss so for the rest 2 positions, I kept it there. This trade was closed, the 50% was closed. And I had the last one with the 16.6% remaining and the Stop Loss was still right here.

    Bitcoin trading example
    The Stop Loss.

    Then you can see what happened with this Bitcoin trading example. The price failed to take this high which gave me another opportunity of a counter trend line.

    But I moved my Stop Loss for the last position over here below this low, just when this high was broken. And it was broken at this moment from the spike of this candlestick. And actually, when it was broken, I have moved it below the low.

    So I kept this last trade for much longer. My Stop Loss is below this recent low. You can see above I don’t have another higher low to move it. So the price during the night reached nearly 13,000.

    The last trade.

    A long candle talks about in Price action trading.

    You can see again the round number matters, it bounced from 12,960, something like that. It couldn’t reach 13,000. And my Stop Loss for this last trade is still there.

    Of course, if the price reverses down to 11,000, actually it’s below 11,000 as it’s a round number. It is at 10,990, but I consider it below the low.

    So if this 13,000 had broken, I would move the Stop Loss. And I have the very same thing for the 3 new trades that were opened. So here at this counter trend line, I had another Bitcoin trading example.

    While I had my last trade remaining, I had another setup and I used it. You can see here I have a counter trend line, the price failed to take the low. It is like a really perfect situation for my system.

    The price fails to take the low, we have an impulsive break. Even if it didn’t close really on extreme, you can see that there was a small spike. But still it’s a long candle, crosses the counter trend line and here I had the entry.

    The entry.

    Exponential Moving Averages will be used in this Bitcoin trading example.

    Now, after that the price just retested, the counter trend line continued higher, the cross of the Exponential Moving Averages happened. And on the opening of the next one the cross was confirmed and here was the 16.6. So the 33.3 was here with the break of the counter trend line.

    And on the opening of the next one, I had the 16.6 because of the cross of the EMAs.

    Bitcoin trading example
    The cross of the EMAs.

    This is the most recent high. On the break of it, you can see again an impulsive break. This is exactly what I’m looking for, impulsive breaks, I had the 50% of the position.

    So my Stop Loss was initially below this low. Then when this high was broken, it moved below the low. Then when the price continued higher when it reached the highs, I trailed it over here and then it is on the same place as I showed to you for the other trade right over here below the 11,000.

    The second Fibonacci is my Take Profit

    I  moved the Stop Loss here after this high was broken. So we have a confirmed higher low.

    Let me show you once again where was the Take Profit and I will start with the Envelopes.

    The Envelope.

    Let me just make it quick. As I said, I’m using length of 5 percent of 1, I click on OK.

    And you can see right over here I had the entries and the exit was really quick.

    Actually, the break of the recent high where I had the 50% went straight out of the envelope.

    Bitcoin trading example
    The break of the recent high.

    And this is because really we have impulsive moves from the Bitcoin recently. So this trade was pretty quick, the 33.3%.

    But you can see where was my 50% the biggest trade, this one over here that breaks. It was on the second Fib at 12,190. 12,207.86 is the second Fib with to 1.618. But I have placed the limit at 12,190.

    The Bitcoin is going up. And there willl be many opportunities as this Bitcoin trading example.

    Again, below the round number of 12,200. And then with the last 16.6 which actually here again came after the break of the counter trend line.

    So, in this Bitcoin trading example, it was the break of the counter trendline, the cross of the EMAs and then the 50% trade which is the break of this recent high, which is still opened. So I have 2 trades open with 16.6% and the Stop Loss is here for both of them. And the price now is at 12,640.

    So this was a little bit longer post but I wanted to share with you my other 2 setups Bitcoin trading examples that I had with the system. The Bitcoin is really going up and it’s a great opportunity to use it. The most important thing is to stay strict with the strategy you follow.

    Learn to take the profit!

    No matter this one or any other, I stay really strict with the system. Because I don’t know what will happen in the next moment. And the most important thing in times like that when the price just goes upwards and it gives us great opportunities is to learn to take the profit.

    Don’t be afraid to place a limit and to take your profit. I have hundreds and thousands of students already. Many of those shared with me when the price of the Bitcoin last year reached 19,000.

    They were keeping their trades hoping it will go more and they didn’t take any profit, then the Bitcoin just crashed together with all the cryptocurrencies. Many people lost their money and savings. They just panic and they closed the trades on losses.

    So they took the Bitcoin at a good price, hold it for some time, but because they were hoping to get more and more profit, at the end many people closed the trades and sold the Bitcoins on a loss. Because they panicked that they will lose all their savings.

    Whether with this system or another, place your limits.

    So what I really want to teach you with this course and with the system, is to learn to take your profit. Keep something in mind

    You are not going to lose if you take profit. You saw that in this Bitcoin trading example.

    Place your limits, doesn’t matter with this system or anything else.

    If you use the Fibonacci, or some envelope, or anything that you want to use, or the round numbers, if you take profit and you make some profit in your account you will not lose from that. Of course, it will happen that the price will continue higher as you saw with my examples.

    I could have made much more if I had kept all of these trades till at the moment. But of course, I don’t know if the price will go more upwards.

    No expectations, no hope, no feelings.

    I follow the system really strictly. I have very precise entries and exits with the counter trend line, with the recent high and I have my levels where I take the profit. And at the end in my live accounts, I did some really great profit.

    But if you’re really a beginner trader I don’t suggest you risk on the live account.

    Watch the complete course Price action trading course: Bitcoin and the Cryptos

    Test it always on a Demo, practice first make sure you are confident with the system and you know the details. Of course, you’re very welcome to change anything which you think will be better for you and you will feel comfortable with it.

    Thank you very much for reading, if you have any questions don’t hesitate to ask me.

    Petko Aleksandrov

  • Forex Trading Software: Trade like a PRO

    Forex Trading Software: Trade like a PRO

    Forex Trading software is the most innovative way to participate in the market these days. It is what every Pro trader looks for when it comes to serious trading. Online Forex trading is now becoming popular, with world globalization fueling the growth and expansion of this decentralized market.

    The mode of trade is majorly automated by making use of algorithmic currency trading software to make higher profits. Forex Trading software has simplified online Forex trading for you. This article gives an in-depth analysis of how you can profit on the market in a smart way. It analyses its benefits and the skills the trader acquires.

    Forex Academy offers Forex trading software. The program is an online application called EA (Expert Advisor) Studio.

    It allows the traders to automate their trade strategies without necessarily monitoring the market trend from the desktop, which is tedious and time-consuming. The trader is not required to have any previous experience in trading nor any programming skills to be able to utilize this fantastic software.

    Advantages of Using Software in Forex Trading

    The first and mos important is that the traders have the freedom to create many Robots without programming skills. No trading experience is needed as well. There is a generator. We will tell you just about it just a little bit later in that article.

    Buying Robots from the market is expensive and usually traders end up loosing. This because the people are just selling Robots. They don’t have the purpose to make you profitable.

    The significant advantage of using trading software is that it eliminates psychological influences that may cloud the judgment of the trader.

    Forex trading software
    No more emotions!

    These emotions may create unreasonable and unreliable expectations, which, when shattered, affect the clarity of the trader. It analyses data from previous trades and the best strategies without any bias, hence lending an objective hand in avoiding emotions.

    Forex software trading is also very flexible. The expert advisors run on any market using the Meta Trader, accumulating massive information on prices, and indicators. It then builds an algorithm that tracks and monitors many different markets. It is a smart software that executes trades almost instantly when an opportunity arises.

    Automated Forex trading course equips the trader with substantial knowledge about strategies, market trends, analysis of statistics by expert advisors, and how to manage live accounts when trading. This information is undoubtedly vital if you want to receive stable profits from online Forex trading. This, in turn, boosts the confidence of the trader.

    EA Studio is a Forex software that can create, test, and apply multiple strategies and expert robots in a single account to achieve stable performance.

    It can also manage many accounts at the same time as opposed to manual Forex trading. This currency trading software for Forex minimizes loss by diversifying the risk since many strategies and Expert Advisors are used in one account.

    Advantages of using EA Studio

    There are many perks of using EA Studio as your Forex trading software. This is just but an inexhaustible list:

    1. Expert Advisor Studio has the ability to back-test strategies against real data and historical statistics. This software analyzes previous trades and market trends and makes the most appropriate prediction for the trader.EA Studio executes sophisticated trading strategies to make decisions and instantaneously act on them. It monitors the market trend, and when the parameters set have been met, it notifies the trader. It also helps to iron out any issues and loopholes that may induce loss to the trader.
    2.  Expert Advisor Studio helps to create and analyze expert robots without programming. These expert robots are programs that run on the Meta Trader to monitor and trade the online Forex market using algorithms. They find opportunities according to the parameters set by the trader, then notify or automatically open the position.

    No IT skills are a prerequisite to learning how the Forex trading software operates since it is smart enough to do the coding.

    No Coding anymore!

    The trader may be a beginner who wants to learn about trading Forex or as well as an advanced who wishes to specialize in a software that will improve the trading performance.

    1. EA Studio is the fastest and, consequently, the most reliable software application as a Forex program. The software is automated and analyzes enormous chunks of information and historical data to create the most favorable strategy. This Forex trading software is web-based and is relatively faster than the manual system. Moreover, it is an unbiased system whose clarity is not affected by human emotions.
    2. The trader is also allowed a 15-day free trial. This is to test the functionality and, eventually, the credibility of the software.

    Forex trading software also increases the speed of execution of the trade and may increase the profits.

    This Forex software creates Robots that scan for open markets with profitable currency trades, using the set parameters. When an open market arises, the Expert Advisors created by the software trade in it instantly. The trader simply sits back and lets the EAs do all the smart trading.

    Expert Advisor Studio is also a top-quality Forex trading software that has been tested, with an experience of 15 years. Petko, the head trader, had been trading professionally before settling on automated trading as the highly profitable method after extensive experiences with other strategies such as scalping.

    EA Studio is a Forex software suitable for beginners. If you want to tap into this high-potential and extremely liquid market, this is the software you need.

    It helps the trader to generate thousands of expert robots that analyze the market trends. It also creates varied strategies that can be applied in the same account. As mentioned above, it requires no background knowledge in Forex trading and even programming skills.

    What traders learn when using Forex software

    Petko, the head trader at Forex Academy, offers the EA Studio software course for free.

    All you need is the zeal to gain more information about trading software for Forex.

    The trader will learn the following crafts:

    • How to prepare the trading environment before starting to use the EA Studio strategy builder
    • exporting expert advisors with one click from Meta Trader 4 to Meta Trader 5, which is not availed in other free online training courses
    • how to monitor the results of the expert advisors and identify the appropriate ones for real trading
    • the proper way of placing the expert advisor on the Meta Trader platform
    • how to extract historical data and use it to generate strategies
    • generate strategies using the acceptance criteria which allows you to trade the top strategies
    • how to automate the manual trading strategy as an expert advisor

    The academy also includes free expert advisors, which are updated every month. The traders also receive a life-time update of the expert advisors provided by Petko. It is vital to keep the expert advisors aligned with the current market trends.

    This is a bonus not available on other Forex trading courses.

    He also gives detailed and easy to follow steps in the learning videos, which is not an ordinary fete in many Forex online courses.

    Knowledge of these skills is critical to the trader. Above all, it boosts the confidence of the trader in the investment made and aids in managing the risk.

    The trader learns how to diversify the risk using multiple expert advisors and various strategies in one account. It also increases the profitable gains while cutting down on the losses.

    The logic behind online Forex trading is simple, ‘every strategy has both profitable and losing phases.’ Petko teaches how to trade the strategies when they are profiting.

    He demonstrates how to collect all generated strategies and then filter the best while they are in the profitable phase. This way, the trader knows which currencies and high selling so he/ she can pair them for more profitable gains.

    Components of the EA Studio Forex Software

    The EA Studio Forex trading software has the following key components:

    • The Generator– it generates and tests numerous strategies in minutes. It backdates historical data, charts, and statistics and helps to create the most favorable ones for the trade. The generated strategy can be exported as an expert advisor. The expert advisors generated can be used for a lifetime and are not limited to a single broker.
    forex strategy generator
    The Generator in EA Studio
    • The Editor-it creates and edits strategies by setting indicators and parameters. When you edit the strategy, EA studio calculates the back-test based on previous statistical data and shows the most favorable stats and indicator curves.
    Forex Trading Software
    The Editor in EA Studio
    • The Report-when the strategy is in the editor; the report shows extensive information about the back-test results in a full statistical chart from the historical test.
    • One-click Expert Advisor- it allows the trader to export selected strategies as Expert Advisors from Meta Trader 4 to Meta Trader 5. EA Studio also creates a code that will smoothly work on the Meta trader.
    quick forex analysis
    Backtest output in EA Studio

    Conclusion

    EA Studio as Forex trading software is highly recommended. It works faster since it is internet-based and therefore is very reliable. It also works with Meta Trader indicators, which analyze and identify market trends, then provides favorable predictions of price movements.

    Furthermore, EA Studio incorporates various expert robots that have been generated. You also get many strategies in one account, thus increasing the trading volume.

    This Forex software targets both the advanced and beginner trader. It has proven to be a vital Forex software by traders who are looking to increase the range of their profits.

    If you have no experience in online Forex trading as well as programming skills, you need not worry. EA Studio currency trading software is smart enough to code everything for you.

    Your journey to sufficient and rewarding trading begins here. Try EA Studio Forex trading software.

    Try EA Studio.

  • Bitcoin to usd trading course: 10 FAQ

    Bitcoin to usd trading course: 10 FAQ

    Bitcoin to USD trading course is one of the most preferable in EA Forex Academy.

    Bitcoin to USD and the trading strategy with the never losing formula is what I will talk about today. My name is Petko Aleksandrov, and I will answer the ten frequently asked questions that I receive for the Bitcoin trading course – Cryptocurrency Never Losing Formula.

     

    1. What leverage do you use for this Bitcoin to USD trading course?

     

    Now, recently all the brokers have reduced the leverage for the Bitcoin. This happened because of the huge boom in Bitcoin in 2017 and the beginning of 2018. And many brokers during this time, lost so much money from their clients because everybody was buying, the price was going up.

    Many brokers lost money. Most of them removed the Bitcoin to USD from their trading assets. Some remain with limited quantity to be traded, others have reduced the leverage. So, it depends on the broker you have selected, whatever leverage they provide you with the Bitcoin, you should use it.

    I don’t want really to mention what I’m using because it would be a suggestion to the broker I am using as well. And, it’s a personal choice what leverage you should use. Of course, you are exposed to higher risk, and at the same time, you can make more money with it.

     

    2. Which brokers have the Bitcoin to USD trading?

     

    This is again connected to what I am talking so far. Most of the brokers removed the Bitcoin. Keep in mind that all of the scam brokers nowadays offer cryptocurrencies. So try to stay away from these companies, look for the regulated brokers.

    There are legit, regulated brokers that offer Bitcoin for trading. So, I avoid this question. It’s one of the most common questions that I receive daily. Also, I have restricted our Forum from writing about brokers because many brokers will advertise there.

    Anyway, as I said I avoid suggesting brokers. But if you really have hard times about that, please, you can ask me at any moment. I will send you some names that I have tested, all right?

     

    How to choose CFD broker for Bitcoin to USD?

    • look for strong regulations
    • the spread should be small
    • quantity should be not limited
    • swaps should be not huge
    • easy to fund and withdraw

     

    3. What is a swap in Bitcoin trading course?

     

    Swap is a term from CFD trading. It’s not only for the Bitcoin, same for the Forex stocks indexes, whatever you are trading. So, the swap is the cost we pay to the broker when we transfer our position for the next day.

    But if we open a trade today, and so we hold it overnight for tomorrow. It’s transferring for the next day, and the broker has to move it. So they charge this swap, this is simply the cost they take from us to keep the trade for the next day.

    Some of the brokers take huge swaps, especially with the Bitcoin and the cryptocurrencies. And of course, the scam brokers charge ridiculous swap, I have heard from my students such a swap, unbelievable. You can lose your money if you keep your position just opened because they charge such huge swaps. So one more time, try to stay away from these brokers, all right?

     

    4. How do we trade the Bitcoin to USD long and short?

     

    In the Bitcoin trading course, I will demonstrate to you how that is possible. We trade it because we use CFD trading. So CFD trading stands for contracts for difference. It means that we trade on the value of the Bitcoin. No matter where is it, no matter is it going up, is it going down, we trade it on its value. So we can sell it at the same time we can buy it at the same time.

    We buy it one price, we’ll sell it at a higher price, and we benefit this difference. Same on the other side. We sell at one price, we close the position at a lower price, and we will benefit the difference. So this is how we can trade the Bitcoin to USD long and short.

    Unlike the exchanges where you can buy and wait for the price to go higher. On the brokers market, you can benefit even when the price is going down.

     

    5. How to apply the Never Losing Formula when we are selling?

     

    Already in this Bitcoin trading course, I have placed short examples. So at the end of the course, you will see how I’m selling the Bitcoin and how I am using the Never Losing Formula in this case. It’s the very same thing as when we are buying. It is just reversed.

    The first pending order for the Never Losing Formula is on the upside. We will buy. So if we sell, the first pending order will be a buy stop, it’s the very same thing, just reversed. And, as I said already, there are examples in this Bitcoin trading course:

    Bitcoin to USD
    A short sample of the system.

     

    6. Do you have classes for the never losing formula in Forex and stocks?

     

    No, I don’t have classes for Forex and stocks, where I apply the never losing formula. But I am planning to record such. Maybe by the time you read this, they will be launched.  So why I have selected to use the Cryptocurrencies here? The reason is simple – we are looking for the most volatile assets to apply the Never Losing Formula. And nowadays this is the Bitcoin to USD asset because the formula was developed a long time ago for the Forex market.

    But the issue here is that the price might stay in a range for a long time. Which will increase your position a lot, and we want to avoid that. So we are looking for volatile assets such as the cryptocurrencies and especially the Bitcoin where we will be out of the formula very quickly.

     

    7. Does the formula work for the other cryptocurrencies?

     

    As I said already, the formula can work on any assets, and yes it works for the other cryptocurrencies. I have recorded a course for the Ethereum where I apply very successfully the Never Losing Formula. And there actually, I combine it with an Expert Advisor.

    But it doesn’t matter, the important thing is to have a volatile asset, and in this case, I use the Ethereum. For the other cryptocurrencies, it works just great. What you need to have in mind is to keep this ratio 1 to 3.

    So the mid zone to the take profit should be 1 to 3, whatever asset you want to trade with, you can apply the Never Losing Formula. Just keep this ratio, and recalculated it.

     

    8. I do profit all the time, but when I am sleeping I miss to enter the pending orders?

     

    Well, I can say that this is kind of an issue with the formula. If we use it, we cannot just go to sleep all night, and wake up in the morning to see what’s going on, because it might have needed to have another pending order. So keep in mind this is the trader’s work.

    If you’re ready to do it professionally, if you want to benefit, if you’re going to protect your trade with the Never Losing Formula, you will have to wake up during the night and to check what’s going on with the trades. So as I say in the course, what I normally do, I put my alarm on the phone every hour or two, depending really what is the trade, how much I’m trading with.

    Whatever I am trading with, I take it seriously. And I wake up, and I see on the phone what is it, where is the Bitcoin to USD price, do I need to get up and put a pending order. And if I have to do it obviously, I will do it. If you’re not ready to do that, guys, better don’t use the formula.

    Because, if you miss placing a pending order, you will lose and there is a high possibility that your position will go on negative. Then, it will be tough for you to recalculate the formula after that and to compensate for this loss.

     

    9. Should I wait for the aggressive counter-trend line as you show in this Bitcoin trading course?

     

    The aggressive counter-trendline gives us a better entry. A counter-trendline is still a great tool that I’ve been using for many years now and especially for Forex. I apply it nowadays, as well, in cryptocurrency trading, but the idea is that the aggressive counter-trend line gives us a better entry.

    So if we are buying, it gives us a lower price. If we are selling, it gives us a higher price. So it’s up to you if you want to wait. Sometimes I know that only with the counter-trendline there are great entries that you can use. And sometimes, probably if you’re waiting for the aggressive counter-trendline, you will miss some of the excellent counter trend line entries.

    But I prefer to enter a better price, even sometimes I miss the counter trend line. I prefer to wait for the aggressive counter-trend line, only because it will give me a better price and I will enter on a better level.

     

    10. How do you sell more than what you have?

     

    This is because we use CFD trading contracts for difference. We can sell the Bitcoin to USD without buying it previously. What happened during the last years is that the exchanges got so famous when the Bitcoin was going up. Everybody was just buying and waiting. Some people took some profits but…

    But unfortunately, I can tell you that most of the people lost money there because they were hoping that Bitcoin will go up to 100 thousands of dollars. But, it didn’t happen, the price fell.

    Now, Bitcoin as kind of stable and starts to behave really like a currency.

    However, it goes down as well, and everybody saw that it’s possible to go down. And you can sell the Bitcoin to USD without buying it previously if you are trading with CFD trading with the brokers.

    CFD trading is nothing hard! What we do is be fund an account, and we use this money to buy and to sell so we can sell without having it previously. And I can say that I was not a fan of the exchanges when it all started, because I knew that it was a balloon. It will boom one day and many people will lose money.

    Well, it happened, I am glad that I showed this course to many students before that, and many students used it during this time. So they did profit, while others were losing, unfortunately, but this is the market. And with this Bitcoin trading course, you will have the possibility to trade in both directions – to buy and to sell.

    I hope that I succeeded to answer these ten questions that I frequently receive.

    Of course, if you have any other questions, don’t hesitate to ask me. Drop any questions in our Forum. I am always there to answer within 12 hours. There are already very experienced traders who will help you as well.

    See you inside the class!

  • Cryptocurrency Trading Platform in 2020

    Cryptocurrency Trading Platform in 2020

    Cryptocurrency trading platform: Overbit and its features.

    Cryptocurrency trading platform is the first choice of a trader. Hello, dear traders, today we are going to present to you the price action trading course. In this course, we start from the basics and we will build slowly the chart until the moment of the entry. You will learn some more advanced techniques about counter trend lines, about Fibonacci, and especially in this course, I will show you a unique way using the Fibonacci which will give you great retracement zones and places to take your profit.

    And you will learn how to follow a strict system. This is very important in order to avoid emotions in trading. Now, in this course, I have selected to use Overbit platform. I’m not connected to the platform in any way so don’t take it as a recommendation.

    You can use this trading system on any other trading platform, where you have the Bitcoin, the cryptocurrencies, you can use it with CFD brokers, or anywhere on the exchanges. It’s up to you where you want to trade. Of course, for the course, I need to select 1 platform or a broker as with my other courses.

    But I’m not connected to any of those so, don’t take it as a recommendation. I will just introduce you to the Overbit platform during this first lecture, because I will be using it along the course. For me, it is very easy to use.

    I will demonstrate how trades were opened and closed on this cryptocurrency trading platform.

    I think it is very suitable for beginner traders, it’s really not complicated. It has the leverage, which is something that gets harder nowadays to trade with leverage, especially the Bitcoin and the other cryptocurrencies. And it is very easy to use because we have a simple chart with many drawing tools and indicators.

    So it is simple to use at the same time and at the same time we have everything that we need. So now if you look at thepicture below, you will see that we have the chart on the left side and the middle.

    Cryptocurrency trading platform.
    The Chart.

    Then we have the Market from where we are actually able to buy and sell the asset.

    buy and sell bitcoins
    The Market.

    On the right side, we have the Crypto assets that are available for trading, the Forex and the Metals.

    cryptocurrency trading paltform
    The Crypto assets, the Forex, and the Metals.

    And below you have the Positions as well. So for the moment, I have 1 trade opened over here.

    trading Bitcoin
    The Positions in overbit outlook

    And then in Closed Positions, you can see some closed trades, which actually I will demonstrate during the course and you will see how these trades were opened and closed.

    Closed Positions.

    And as well, we have Active Orders and Order History. So the platform is really simple to use, you can choose the asset you want to trade.

    You can trade with your Bitcoins instead of having to wait for the price to go up.

    So, for example, you can trade Ethereum versus the Bitcoin, then you have the Ripple. And what’s interesting here is that we have as well the Forex currencies. So, for example, you can trade the USDJPY.

    Now, the special thing about the Overbit platform is actually that you fund the account with Bitcoins and you are trading with Bitcoins. And as well, if you want to withdraw, you withdraw Bitcoin. So this platform is really suitable for the people who actually own Bitcoins and they want to trade with them.

    So instead of just keeping them and waiting for the price to go up, you can trade with these Bitcoins while they are in your account. And on the left side, we have the drawing tools, a lot of drawing tools.

    cryptocurrency trading platform
    The drawing tools.

    You can have any lines which we will use like counter trend lines, trend lines, whatever you want to draw.

    Then we have the Pitchfork, the different Gann tools, the Fibonaccies, and many more.

    The Gann tools and others.

    You have as well, any type of shapes that you might want to place on your trading screen and much more below which I’m not going to talk about in details.

    The shapes.

    But in our trading system, for the price action trading, we will need just the lines, Fibonacci, which I will show you how to use in a different way, and really there’s nothing more special.

    I will show you different parameters from the default.

    The indicators can be added from the top. For example, in the course, we will be using the Envelope.

    envelopes indicator
    The Indicators in the cryptocurrency trading platform

    But the display is really huge. In the course, I will show you different parameters from what comes by default.

    And as well, you will learn how to change the different parameters of the indicators on the platform. Above the platform, we have as well different timeframes. So at the current moment, we have 1 minute, M15 chart, the hourly chart, the H4 chart, and the daily chart.

    The timeframes.

    So you can see what moves the Bitcoin, it recently moved really aggressively higher. And I will show you exactly how to get on the train as they say, or where exactly you can join the market.

    BTC goes up
    Bitcoin movement in 2019

    And this is very important by the way because many people just buy when they hear some asset is going up, or when they hear that the Bitcoin is going up. So they just enter for no reason. And for me, one of the most important things is to learn to take the profit, which many people miss to do, and they are very greedy to wait for more profit.

    You can increase your leverage on this cryptocurrency trading platform.

    And you should know that there’s never one way to get on the market. The price just reverses at one moment, so I’ll teach you how to do that with different indicators. And this is it about the platform.

    This is the chart, you can play around with it. I will show you step by step on how to draw all the analysis that we need for the system. And I will show you how to save different templates from the chart, so you don’t lose your work.

    On the right side of the cryptocurrency trading platform, we are able to buy and sell the assets from here, and we have the leverage.

    leverage in the crypto trading platform
    The Leverage.

    So you can increase your leverage for the people that are really beginners. This means that with leverage, we can buy more from what we have into the account.

    So, if you are using, for example, leverage of 50, it means that you can buy 50 times more from what you have in the account. But of course, we never buy with all the capital that we have in the account because this is very risky. And especially when you trade with leverage, you should be trading with a small percentage from your account.

    With open position, you have Estimated Liquidation Price.

    So I will never suggest you trade more than 2 to 5% from your account, or, let’s say to risk more than 2 to 5% from your trading account. Then below you can select the quantity you want to trade, you have the option to add stop, add limit, and then you can execute the order.

    And something interesting here on this cryptocurrency trading platform, if you have open position, is that you have Estimated Liquidation Price.

    Estimated Liquidation Price.

    You can read what it says here. But normally, it will show you according to what you have in the account and what you opened, where the price should reach so your trade will be closed, and this is when we are on a loss. And, of course, I will teach you how to avoid that.

    And most of all, I will teach you how to take the profits quickly and not to wait too long. So these are the basics of the Overbit platform, you can play around with it. I will demonstrate the course on a Demo account.

    And this is very important because normally what I do, I record my trading, all the trades that I take, all the positions I open and close. But I demonstrate them in my videos over Demo accounts because I really don’t want to stimulate anybody, for actual trading.

    You get to decide whether to trade on a Demo or a live account.

    It is your own risk, it is your own money, they are your own Bitcoins, and it’s up to you if you want to trade on a live account or not. My purpose in this course is to show you the trading system I follow. But one more time, during the videos, I will record over a Demo account so nobody takes that as a suggestion for live trading.

    But the trading system that I will teach you, I have used it for quite a long time. I have done really great profits with the system. I hope you will learn it. And of course, if you have any questions along the Price action trading course, don’t hesitate to ask me. I will show you step-by-step how to build the trading chart and how to place the different indicators.

    And I’m sure by the end of the course, you will know where exactly to enter the market and where to take your profit.

    Thank you for reading and I wish you to enjoy the course.

    Cheers.

  • Bitcoin Bot: The SECRETS in Algo Trading

    Bitcoin Bot: The SECRETS in Algo Trading

    Bitcoin bot is the only profitable way to approach Bitcoin trading in 2020

    Bitcoin bot is a top choice of many traders, and of course, there are many questions. Hello traders! This is Petko Aleksadnro, a trader that uses Bitcoin bot trading system and today I will share with you the secrets behind Bitcoin trading, and why it is better to trade with a Bitcoin bot.

    During the years I have created many bots, hundreds of them and in my online courses I attach many. The one that is most attractive and the people love trading with it is the Bitcoin bot that I include in the course Bitcoin Trading Robot – Cryptocurrency Never Losing Formula.

    There are many detailed I want you to bare in mind before trading with a Bitcoin bot. And today I will make the things clearer for you.

    The cryptocurrency never losing formula combined with the Bitcoinbot

    The formula is a mathematical equasion that I have calculated for the Bitcoin bot trading. As you know, every Robot has Stop Loss and Take Profit. Well, I do not like the Stop Loss. Because it is a loss. So using the Formula you will learn how to exit the losing trades with 0 losses.

    The never losing formula can be used with any cryptocurrency. I have another course about Ethereum. There I explain the formula even in more detail. I can say because it’s focused more on beginner traders. But it’s a similar course called “Cryptocurrency never losing formula – Ethereum trading robot course.”

    So yes, it is suitable for the Ethereum. Just if you’re trading a cryptocurrency with a smaller price, lower price, and you should look at the daily volatility. So you should place realistic Take Profit and make sure always when you place the Take Profit to be practical. Because we always want the take profit to be hit first and not to get into the formula.

    How much money do you need to trade with the Bitcoin bot?

    Please do not take any of the information below as piece of finencial advice. We do our bes to create useful content, share with you trading robots as this Bitcoin Bot, but it is a personal choice how you will be trading and investing.

    This is one of the most common questions I can say that I get for all of the courses. And I avoid suggesting started capital. It’s up to you with how much you want to start. What I would suggest you do is to open a demo with the same amount of money that you are planning to trade on the live account. And see if you will be able to manage your trading with this capital.

    Now, having the Never Losing Formula, of course, there is a risk that we will buy and sell many times to get out of the wrong trade. That’s why you need capital. And you’ll need to start trading with a small volume and to have averaged a big account as I can say. So you can handle big positions if it happens. So open the demo account, see how much you will feel comfortable trading.

    If I have to give an answer to the questions, I would say nothing less than $10 000. That is a Bitcoin bot, and it requires capital.

    Using Bitcoin trading bot for long and short?”

    Yes, I already have recorded many examples for the short market. Because in 2018 the market for the bitcoin got very negative:

    Bitcoin Robot trading course
    Bitcoin price in 2018

    So I have recorded examples for the short market. We switch between only long and only short in de inputs of the Bitcoin bot. And you can use it in both directions.

    Bitcoin bot works only if you have interent

    Now, this is for all Expert Advisors on MetaTrader. You need to be connected to the server of your broker. This means you need to be connected to the Internet. You can not switch off your computer and leave it and expect that the Robot will work.

    Because obviously, it needs to be connected to the Internet. So this way, you will be connected to the server of the broker and the bot will be able this way to place trades. Anyway, if you switch it off, you can not do it. So:

    What might be the reason that your Bitcoin bot trading does not open trades?

    • not connected to the brokers’ server
    • auto-trading is not enabled
    • internet connection is interrupted
    • the broker does not allow algo trading

    The spread and swap are important when trading the Bitcoin

    Now the spread I can say is into the Never Losing Foruma formula because we are always buying on the asking price, and we are selling on the bid price. So you understand that this difference between the bid and the ask price is the spread. And when we buy the first time, for example, and the ask price and we go in the other direction, and we sell on the bid price — obviously, this way we pay the spread. So the spread is into the formula.

    Now the swap is not into the formula with a precise number or any percentage. Because it’s hard to calculate it, and I will tell you why. What we don’t know is how long the trade will last. We never know that. It could take the Take Profit within the same day. It can reach it basically after a couple of days. You can stay in the formula longer time. So we don’t know what swap finally will be paid to the broker.

    That’s why I can not put it to a hundred percent into the formula. But this is why I leave a little bit extra when we are out of the formula. A little bit of a positive. Which usually covers the swap, except, of course, if your broker has this massive swaps that most of the scam brokers have. We can not handle it, and it will be tough for you to use the never losing formula with such a broker.

    The Bitcoin bot trading strategy is not hedging.

    The bitcoin bot that I use is not hadging. If it opens a buy trade, it will ahve to close it before opening a second trade.

    But if you combine it with the Forumla then it is considered as hedging because we are buying on one side, and we are selling on the other side. This is the formula. Now if you are a US citizen because I get this question most of the time from the US citizens. Because probably you know that in the US, it is forbidden to hedge.

    There is the FIFO rule, which stands for the first one in the first one out, meaning that if you open trade with one asset, you need to exit this early trade before exiting the second trade that you opened.

    Now because the formula at the end exits all the trade, it is considered as hedging and most of the brokers will not allow it, but in the US as far as I know, from many students I have there, there are brokers already who allow hedging with different lot size.

    So you can buy for example 1 lot and sell 1.4 and then buy a different lot. And this is precisely what the formula is, right? And one of the regulated brokers there allows hedging, which means it can be used by anyone.

    If this is your case, the only thing you need to change is the first three lots. So we go with one lot, and then we sell 1.4. And then we should buy 1.01, for example. To make it a little bit different from the first entry and then the second sell should be 1.01, for example.

    So again, you will have a small difference from the first sell. And I’m talking in a situation when we are going to buy it. So this
    way you will have every order with a different lot. And as I said, there are already brokers in the US who allow this.

    The Bitcoin bot works on MetaTrader 4 and MetaTrader 5

    Yes! I attached the Bitcoin bot for MetaTrader 4 and MetaTrader 5, so it’s up to you which one you want to use. Now keep in mind as well that most of the MetaTrader 5 brokers don’t allow hedging.

    Is there hedging whrn I use the Bitcoin bot?

    • the bot itself opens only one position in time, so no hedging with it
    • the hedging appears if you use the nEver Losing Formula
    • For the US it is not a problem if you use different lots in the formula

    The backtesting with the bot might show a loss

    The backtesting could show a loss for many reasons. Number one is the spread, especially with the Bitcoin. The brokers offer so many different variations of spread and taxes that I have seen. Especially in 2018, there were brokers with spreads above one hundred, two hundred, three hundred dollars. Now you can see the spread is back to normal with ten dollars with most of the brokers. Which makes the trading much easier for the system:

    Bitcoin robot backtesting
    Spread is $10

    The other reason that you might see bad backtesting with the bot is the historical data of your broker. Basically, we do backtesting over the past chart. The information that we get from the candlesticks. This is the opening, the closing, the high and the low of each candlestick or of each bar.

    If your broker does not have good historical data that might affect the backtest. And you will be surprised if you perform backtesting with different brokers for one and the same Bitcoin trading bot what a difference you will see. It is a huge difference just because one more time, the brokers provide different historical data.

    9. “Can I use the never losing formula from the Bitcoin bot trading course to Forex?”

    The never losing formula can be used with any asset. The question is, we’re looking for volatile assets as the cryptocurrency. Because we don’t want to stay a long time into the formula. In Forex, sometimes the market remains a long time into a range. I’m testing it. I want to see really what are the best parameters for Forex.

    And once I have like a clear solution to that, I will launch a course about it. And I will demonstrate how it should work on Forex, but I always want to test it a lot before sharing it with other people.

    Managing the Never Losing formula daily and combining it with the Bitcoin bot

    Now it depends on your free time when you’re trading. Are you working, do you have access to your account on your work, are you able to get up during the night to watch the trades. Because this is part of
    the never losing formula.

    Personally me, this is my job. I’m staying in front of the computer for more than 12 hours daily. I can tell you honestly. So I’m monitoring all the time. And many times I wake up during the night. Especially when I’m using the never losing formula, and I’m into the trade. Now the more often you look at it, the better.

    Because if you look at it every two-three hours, you might miss a trade. You might miss the entry. And then really the solution is hard. You need to recalculate the whole formula to get out of it. So basically, you need to recalculate the levels according to what you have missed. And probably this will make your range bigger. Which actually will cause you more difficulties.

    That’s why if you miss a trade with the never losing formula, it’s not very good.

    You need to recalculate the formula, or you need to take the loss.  Or wait to see the price at the same level that you missed. So it’s not good to look at the formula every two-three hours.

    Guys to make it clear here, you should use the never losing formula if you’re able to do it. If you have the time if you can look at your chart every thirty minute or one hour or let’s say you’re able to wake up during the night if you are into the trade. So one more time, use the formula if you’re ready to use de formula.

    To spend time on it. If not, there are so many algorithmic trading systems. I have many courses now about fully Algorithmic Trading where you don’t need to touch anything over the chart.

    These were the ten most important aspects when trading my Bitcoin bot

    If you have any others, don’t hesitate to ask me. Look at the Trading Forum that we have in EA Forex Academy. You will find answers to so many questions there. There are already many experienced traders who share their experience. And of course, you’re very welcome to drop your question into the forum. I will answer you within 12 hours. Many people have experienced it already, and they will answer you as well.

    If you want to optimize the Bitcoin bot, you can use the EA Studio strategy builder.

    I always wish you to enjoy the trading! Cheers!

  • Forex Online Course: Learn how to profit in 2020

    Forex Online Course: Learn how to profit in 2020

    Forex Online Course: Learn how to profit from the professionals.

    Forex Online course is the most preferable way to get started on the market nowadays. Forex trading has risen as a more accessible alternative compared to stock trading.

    The traders enjoy a free schedule with no centralized currency market, and the world becoming more interconnected has fueled the preference of online Forex trades.

    Forex Academy is a platform that offers not just one automated Forex online course.

    Forex Online Course by Forex Academy
    30 trading courses at the beginning of 2020

    The trading courses are algorithmic and make use of multiple Expert Advisors (trading Robots) in a single account to achieve steady performance. The significant benefit of automated Forex online trading is the elimination of psychological influences and emotions that determine analysis and trade execution.

    General advantages of Forex online course include:

    • The flexibility of time. Trades can be carried out at any time. Learning can be done at any time and place.
    • Cheaper. It does not require much learning and skill to make profitable trades. It cuts down the cost of buying tickets and bookings to learn the craft. The transaction costs are also low since there are no commissions in real sense.
    • Accessibility of study videos. Videos of the courses being offered can be watched from any device, at any place and time. They also provide a point of reference when re-watched
    • The evaluation of performance is smooth. Since automated Forex online trading platforms support multiple markets and sophisticated trading strategies, it is easy to monitor, account, and analyze performance. It also manages risk to ensure maximum profits and minimum losses.

    Forex Academy offers 30 trading courses at the beginning of 2020. Every 3 months, a new Forex Online course is released. This article gives a keen and comparative analysis of Forex trading education- from basics to advanced and Professional Forex trading, a masterclass with the full review.

     

    Forex trading education

    This is a course for beginners who desire basic knowledge about Forex trading and profitable trading strategy. The trader directs the steps the learner follows to install the trading platform, choose a broker, and to set up the screen.

    These are very basic yet essential steps in Forex trading education.

    This course also offers a unique indicator to show the strong and weak currencies at the moment. Such information is vital as it guides the trader in knowing the proper currencies to pair for higher profits. Petko, the head trader, also teaches a manual trading strategy that is applicable at any point.

    This is a scalping strategy, and the positions usually take a few minutes up to an hour. The Forex trading course will be taught using many live trading examples, and the strategy taught will be distinct:

    Forex trading course for beginners
    Live trading example from the Online Forex course

    Emphasis is put on the conservative money management system that is taught in the course. The amount of money needed to start the trade is not as important as the percentage you will risk from your account.

    The important thing is to avoid emotions that would cloud the logic of the trader. Forex trading education is primarily focused on practical, more than theoretical examples. Live examples are employed to demonstrate the trading strategy, which will become more apparent to the trader.

    Forex trading education requires no experience in trading. A Forex online course can be learned anywhere and at any time. The trading strategy is also flexible as it requires no fixed time to make profitable trades.

    This Forex online course targets beginner traders who want to learn the basics of Forex trading as well as professional traders who are seeking to fill the gap of missing skills in Forex online trading.

     

    Professional forex trading course

    This course is mainly for intermediate and advanced traders. It equips the trader with complete analysis, logical confidence mindset in trading. Forex online courses provide the traders with skills to earn money from the trade and making an advancement from being a mere hobby. The course is carefully structured to help you:

    • Trade in the same direction as the dominant trend
    • Identify the currency pair to trade with for higher profits
    • Use price action and indicators to filter the prime entries
    • Manage the opened positions and take the profits quickly
    • Identify the upcoming movement and join at the right moment

    The course provides sound and reliable knowledge about market trends and analysis for traders at any learning stage. The trader is also taught how to use professional trading sheets to help maximize trading. Every trader needs to have a precise and detailed analysis of the business they put their money to since it is a risk.

    The Forex online course teaches a proper way to draw over the chart, how to use the price action, combine, and appropriate indicators, which eventually builds a complete analysis before the entry moment. By the end of this course, you will have confidence in trading skills and proper money management skills.

    Petko shares a method of diversifying risk by dividing it into three different entries. The logic is to reduce risk if the first or second entries are wrong, and having three entries will confirm the trade direction. The professional trading course requires any Forex trading platform installed on your computer. It also requires patience and free time. A secure internet connection is equally important. Hence it is named a Forex online course.

     

    Forex Online Course for beginners

     

    Differences in the courses

    • Target audience. Forex trading education targets beginners who want to learn the basics of Forex trading and do not require any skill or knowledge in trading. In contrast, professional Forex trading is mainly a master-class for intermediate and advanced traders who want a better understanding of the market. Professional traders may also enroll in the Forex trading education to make up for some necessary skills.
    • Depth of knowledge. Forex academy offers a Forex online course with a solid understanding of Forex trading. Forex trading education primarily focuses on the primary skills of trade and strategies. On the other hand, professional Forex trading deals with technical and detailed information, including price action and indicators of profitable market trends. This provides you with an in-depth understanding of the market direction and details of trading.
    • The time it is spent. Professional Forex trading generally requires free time and patience. When trading with a manual system, it is suitable if you wish to hold the position for hours or even days. However, in Forex trading education, the scalping strategy typically takes a couple of minutes to an hour to be applied. You can trade with the strategy whenever there is free time.
    • Forex platform. Professional Forex education requires the installation of any Forex platform on your computer, a good internet connection being a corollary. In Forex trading education, you are only required to access the Forex trading education online.

     

    Benefits of the online Forex courses

    • Less time-consuming. Forex online courses can be watched anytime and anywhere. This provides the flexibility of time allocating in learning. The professional Forex trading course teaches how to pair indicators and price action reducing the time spent in looking for indicators and price patterns. This provides the trader with varied skills and logical analysis capabilities.
    • It provides the trader with trading strategies. In Forex trading education, traders are taught the scalping strategy, which is manual and can be applied at any moment while in professional Forex trading, traders are shown how to diversify the risk by using three different entries. It also teaches how to manage the opened positions properly and quickly making profits. The online Forex courses teach how to choose the most profitable currency pair to trade with the system.
    • Unique trading indicator. You will be shown a unique indicator that shows the stable currency and hence, the proper currency pair to trade with. Petko has included the indicator in the Forex online courses to make your trading easier.
    • Cost-efficient. Forex online courses are cheaper since the videos are accessible online and can be viewed at any place, time, and device. The amount of money spent on hotels and tickets to learn Forex trading has been significantly reduced. The videos can also be re-watched for a better understanding of online Forex courses.
    • Practical courses. The traders give examples of live trades in demonstrating how Forex trading works. The student can then learn how to set up trades for profit and manage risk in an actual trading environment. The online Forex courses provide a one on one interaction with the trader, therefore, better comprehension.

    In conclusion, studying Forex trading using a Forex online course has proven to be an efficient and highly recommended mode. The courses offered by Forex Academy are wholesome and will equip the trader with various skills to gain maximum profits.

    A Forex online course makes trading easier as it helps the trader has a critical analysis of the market, its trends, and the right time to enter the trade. This eventually boosts the trader’s confidence in the risks they have taken.

    Beginners to advanced traders can be enrolled in these courses. The courses work on a flexible schedule while minimizing the cost of learning.

    The courses also provide a safe money management system to traders, enabling them to manage their risks by reducing the losses. The critical thing to note is to avoid emotions from clouding the logical evaluation of the trade.

    In case you want to venture or improve your trading skills, getting a Forex online course is highly beneficial.

     

  • Best Algorithmic Trading Software in 2021

    Best Algorithmic Trading Software in 2021

    Best Algo trading software – looking for a way to make things easy?

    Algorithmic trading software is a sort of software that can gather information, monitors pattern, and respond to the trading market rapidly. This encourages you to achieve maximum increases out of it. It is imperative to choose the winning algorithmic trading software before contributing. 

    EA Studio is simply the best algo trading software. It works perfectly for both beginners and experienced traders. You need to develop a strategy and test them before you can apply them to trade significant sums of money.

    The software offers traders the opportunity to test different strategies. It comes in a simple design that does not require advanced coding knowledge. Even people who do not have any programming background can apply for the program, and it works very well for them.

    It is good to trade in different assets as a way of diversification. Experienced traders prefer diversification so that they can improve the chances of making gains.

    Significantly, the time your EAs created by the algorithmic trading software takes to react to the market ought to be less as this can make it or break it. Reaction time is the most significant component of trading, and if your software isn’t quick enough, you can lose on some extraordinary arrangements and more unique benefits. 

    The EA Studio software makes tie easy to develop different strategies and apply them when trading in different assets. More than 15 years of research have been dedicated to making the software.

    Many people who have tried the software praise it a lot. It is built to make trading easy. You can automate the whole trading process and wait to make money.

    10 Reasons why EA Studio is the best algo trading software:

    1. No need to buy Robots from the market

    EA Studio allows users to create automation robots when trading. There is no need to buy robots from the market.

    best algo trading software
    Save money from over-optimized EAs

    EA Studio simplifies the whole process to allow traders to create custom robots that can execute different strategies perfectly. Nowadays, people rely on robots to trade fast. In assets trading, it is necessary to make quick decisions.

    The Algorithmic trading software generates EAs that can purchase and sell rapidly and consequently you can have genuine feelings of serenity. They don’t get layered like people and can ceaselessly work and monitor the patterns of the trading market. 

    The automation process leads to fast decision making, which plays a great role in increasing the chances of making money. When robots make decisions, they are fast. It is easy for a robot to execute a trade fast and beat human competitors. The software makes it easy for users to create the right trading robots within a short period.

    2. No programming skills needed

    Some trading software will require skilled programmers to create strategies. EA Studio is the best algo trading software that works for all traders. It does not matter your background, you can apply the strategy, and it will help you make the right decision without the need to learn to program.

    Some strategies can take a lot of your time before you can master how to create them and automate if you do not have a programming background. It is a different case with the EA Studio algorithmic trading software.

    It is built after taking into consideration the needs of an ordinary guy who would like to trade and apply advanced technics without the need to learn to program. You will be surprised to execute complicated strategies without having to learn the hard programming languages.

    3. Trade multiple assets

    Traders would like to improve their results by trading in several assets. Each asset you decide to trade needs a specific strategy. The program makes it easy to create several strategies and apply them to trade several assets while employing the right strategy.

    You may like to try several strategies before you can decide on the best. It is straightforward to try several strategies while employing the software. With EA Studio, you are not limited to the number of strategies you can trade.

    You are free to try several assets so that you can improve your trading results. This way, you will have a better risk-diversification in your account, and you will not depend on a single asset.

    Numerous exceptional software items accompany free time for testing, which can assist you with understanding if the software is adequate to do trade according to your requirements. 

    4. Traders can generate new trading strategies

    Sometimes the strategy you are applying to trade assets may not give you the best results. No worry, with EA Studio, you can easily change the strategy and try new ones that can improve your results.

    EA Studio trading software
    Generate unique strategies that fit your style

    Several people try new strategies until they find those who work. There are several assets you can trade after you decide to enter the money market. The strategies which work for a given asset may not work for other markets.

    You need to be quick in changing the strategies so that you can take advantage at all times and keep on winning. The process of changing strategies is straightforward when applying the software. Everything has been automated to make your work easy.

    5. With the best algo trading software, you can automate trading strategies

    To make your work easy when trading assets, you need to automate the strategies. Robots make decisions fast, which can be advantageous to you when trading.

    For example, you can set the strategy in such a way it will trade when there are high chances of making profits – when the market is volatile. You can automate everything after you decide to apply the software. Everything has been simplified to allow you to achieve the best results as you trade.

    With EA Studio, you can automate the strategies with one click, and this is why we consider it to be the best algo trading software:

    best algo trading software for expert advisors
    One-click automation

    6. Backtest strategies

    You may like to know the effectiveness of certain strategies before you can deploy them. It is possible to test several strategies at the back end and know how they perform before you can deploy them.

    Remember, it is essential to take time and analyze the strategies you are about to use when trading before you can decide on one. Always go for the right strategy, which can make you win each time you trade.

    There is no restriction on the number of strategies you can backtest. The process of backtesting strategies has been simplified, making everything easy for you to execute:

    Backtest trading strategies
    Complete backtest results for the strategies

    7. Comes with 15-days free trial

    You need to be sure of a product you are about to buy. The developers of the best algo trading software allow you up to 15 days to test the functionality of the program so that you can make the right decision.

    During the free trial period, you can test different functionality of the software and know how it worked. You can even apply it to create robots and apply them to see how they work. When trading, you need to employ a strategy that can bear fruits. People who trade are careful not to lose money.

    They look for the best strategies which they can employ. The software is designed in such a way it makes it easy to test and master how it works before you can proceed to invest.

    8. Import own historical data from MetaTrader

    You may have tried other trading software such as Strategy Quant, or EA Builder, where you have accumulated a lot of data, which is crucial in creating a trading strategy. The EA Studio software allows you to import the historical data from your broker where you will be trading the strategies. 

    This way, you will be sure that the Robots make the right trading decisions. The software comes in a simple design to allow you to work with other software in the industry. If you are used to trading online, then the software will be the best to try.

    It has been tested and proved to be highly effective in making it easy to master different trading platforms like Meta Trader. With the ability to import the necessary historical data, you will have a seamless migration to the software. You can count on the software to have full control of your trading.

    9. Fastest and the most reliable Expert Advisor builder

    You need to act fast so that you can come up with strategies and execute them to make more when trading. The software comes in handy when it comes to decision making. It operates fast to allow you to make quick decisions necessary to win big.

    Each time you apply the software, it will pay a great role in speeding up your decision-making process. Remember to be successful in your trades; you need to employ the fastest strategies.

    The software makes it easy to make quick decisions. You may have been missing out operations to make money due to your slow decision making as you trade. The issue can be of the past after you invest in the algorithmic trading software.

    Many experts have tried it, and they agree it stands out in terms of being the fastest online Forex strategy generator. You can count on it, and it will execute commands fast to allow you to make the right trading decision.

    10. The best algo trading software is developed by highly experienced trading experts

    The developers behind the software took more than 15 years to implement different strategies.

    You will get software that has been tested and proved to be highly effective. The software stands out due to its simplicity. Anybody who would like to get started in trading can apply it to achieve great results.

    Apart from being friendly to beginners, it is also effective software in which experienced traders can apply. Those who are highly experienced in programming can develop complex strategies easily and apply them. You can count on the software to save money when trading with Expert Advisors or Robots.

    Significantly, EA Studio software is easy to use. The software should be easy to utilize and understand, and one ought to likewise attempt to mess about and read surveys to show signs of improvement understanding.

    The too entangled interface does nothing but bad. However, one should set aside enough effort to get the hang of the algorithmic trading software before making any choice in regards to the equivalent. 

    Remember, you will not have to buy robots or external materials to trade. It is an all in one algorithmic trading software which allows traders to undertake different process as they trade.

    EA Studio is the best algo trading software. It comes with several features to make it easy for traders to develop and automate trading strategies.

    You can learn more about the software in an Online course created by Forex Academy. Many people have enrolled in the course, and most of them praise the experience. It is software that offers all the necessary resources you need to start a profitable assets trading strategy.

    The ability to backtest strategies makes it easy to explore several strategies until you decide on the best.

    It stands out as simple but highly effective algo trading software any trader can try.

    You better open a Demo account of $10,000, and we suggest everyone first to test the strategies on a Demo account. This is a virtual account so you will not be risking any real money and it is your personal choice if you want to trade these strategies on a live account in the future.

    But first, test them on a Demo account to see how they go with your broker. Keep in mind that all the brokers offer a little bit different quotes, meaning bid and ask price.

    So the backtest sometimes is different and the performance of the strategies could be different when it comes to the different brokers. So what I have now are the 5 Expert Advisors and below you can see that in the file I have 10.

    best algorithmic trading software
    The 5 Expert Advisors

    And we say it is the best algorithmic trading software because it has the option to Export EAs for MetaTrader 4 and for MetaTrader 5.

  • Cryptocurrency trading course: 10 FAQ

    Cryptocurrency trading course: 10 FAQ

     

    Cryptocurrency trading course – the solution in algo trading with the coins.

    Hello dear traders, it’s Petko Aleksandrov from EA Forex Academy. And now, I will answer the 10 most frequently asked questions that I received for the Cryptocurrency trading course – The Revolution.

     

    1.”I put the Expert Advisors from the Cryptocurrency trading course on the chart but I see a sad face?”

     

    This is a question normally coming from the newbie traders but it will be a pleasure to answer it. So, when you drag the Expert Advisor over the chart and you see the sad face it means that you didn’t enable the auto trading that you see on the top. The small Auto Trading button that you see on the top of the Meta Trader:

    cryptocurrency trading course

    It needs to be green, so just click over it, make it green and then drag the Expert Advisor again on the chart. And when you click on OK you will see the smiley face. Meaning that the Expert Advisor is already trading.

     

    2.”I cannot find the script to download the historical data, can you please send it to me?”

     

    I have already attached these scripts to the course. They are in lecture 4. So, you can just download it from there. It is for Meta Trader 4 and for Meta Trader 5. So, it depends on which one you prefer to use.

    Personally, I am still using Meta Trader 4 since I recorded the cryptocurrency trading course. Probably, if they just stopped one day providing it I will switch to Meta Trader 5 but in the meantime, it works just great for me. So, you can download the scripts from the lecture.

     

    3.”What time zone are the trading hours in EA Studio?”

     

    The trading hours depend really on the historical data that you import into EA Studio. When you export the historical data from your Meta Trader, from the server of your broker and you imported in EA Studio you will see these same trading hours that you see on your Meta Trader.

    Now, if you look at the resources of EA Studio you will see by default Meta Trader demo. And this data comes from the JFD broker demo server. Don’t take this broker as a recommendation. But this is just from where they take the historical data from. And you will see the trading hours of this broker.

    Well, some brokers do fit the trading hours in Meta Trader to your time zone. But some don’t. It really depends on your broker and you might see some difference from your Meta Trader time and your local time. So, it really, really depends on the broker here. But in EA Studio it depends on what historical data you will import.

    4.”Can you recommend me a broker for the EAs from this cryptocurrency trading course?”

     

    This is probably the most frequently asked question that I receive daily. And I always, say one and the same thing that I avoid to recommend brokers to my students, for many reasons.

    The one and probably the biggest one is that we are not connected to any broker. We don’t promote any brokers, guys. And I really, really avoid recommending a broker.

    Of course, if the student is very persistent I will say some names of regulated brokers that I have tested. But at the end of the day, it’s really your choice which broker you want to use. And I don’t want to recommend a broker. So, if you really have hard times ask me I will tell you some names that I recently have tested.

    Because I’m following a couple of brokers, you know I’m just looking at their spreads and comparing them and of course only the regulated brokers. And I will give you some names. But you should make your choice, you should make your research and find the broker that works best for you. That is easy for you in your country if you go to live trading later on to fund account, redraw.

    Make sure you do good research before choosing a broker. Because there are a lot of scam brokers around that I’m talking nearly in every course about.

    And if you look at our forum there is a topic called “How to recognize the scam brokers?”:

     

    cryptocurrency-algorithmic-trading-tips
    Learn how to recognize Scam brokers?

     

    And in this article, we have described exactly how the scam brokers work. Just spend some time reading it. It is written by one of our mentors – Svet. And he describes very detailedly how they are working.

    You can see unfortunately so many people below sharing their bad experience with the brokers, with the scam brokers that they had. Take it easy with the brokers, make good research. And make sure that you choose a legit broker, a regulated broker for cryptocurrency algorithmic trading. But one more time, if you have a hard time finding a broker let me know I will do my best to assist you. But don’t take as a recommendation any of the names that I will tell you.

    Also, we are planning to place a trusted broker page on our website that will help the beginners to avoid the scam brokers.

     

    5.”Can I use the Expert Advisors from this Cryptocurrency trading course on Mac?”

     

    Mac is not really friendly with Meta Trader. Meta Trader is not very friendly with Mac, I don’t know which one of the two. But I use a desktop because it’s much easier, much cheaper, of course. And it works just great with Meta Trader. If you are a fan using a Mac you can. What I know from my students is that you need to download the Mac version of Meta Trader and use it.

    And the other thing you can do as well is to use a virtual machine. Which of course is again some extra costs. So, the best way you can do is just download the Mac version of Meta Trader. It should work fine with Expert Advisors, with custom indicators. Anyway, I receive very often issues and reports from users that are using Mac. Not really friendly one more time with the Meta Trader.

     

    6.”How to calculate the Never losing formula for the Ripple?”

     

    I show an example with the Ethereum in this cryptocurrency trading course, in some of the other courses I have with the Bitcoin. Ripple is just the same way. It’s a very small price there that we are having a cheap price for the Ripple compared to the Ethereum and the Bitcoin. But what you need to keep in mind, is to keep the ratio 1-3.

    The ratio between the Take Profit and the Mid Zone. So actually, if I say 1/3 it will be a mid zone to Take Profit. The Mid Zone should be 1 portion and Take Profit should be 3 portions. So, just simply said the Take Profit distance should be 3 times bigger than the mid zone distance. Make your research as well, look at the chart, place lines, horizontal lines.

    And see for the Ripple, for the current moment what Take Profit do you think will be best. And what mid zone will be best. If you understand the formula you will see that it’s really nothing hard. And it is something very simple that I have come up and calculated with the cryptocurrencies. And I just did huge research starting with the Bitcoin and then the other cryptos.

    But I just look at the chart for a long time, I was placing lines, I was calculating and came up with the numbers. Of course, the Never losing formula is a long time ago invented, it’s not something I did invent.

    What did I do? I just recalculated it for the cryptocurrency algorithmic trading, because I wanted to combine it with Expert Advisors.

     

    Once again looking at the chart and for the current market conditions what Take Profit distance and what mid zone distance works the best. And this is something you need to do for the current market conditions. Because what I do?

    I do update the Expert Advisors but they are trading automatically. So, if you want to combine them with the formula you should do small research looking at the chart. And just analyze it if you have this entry at this level and then the Take Profit.

    Is it the Take Profit that will be reached frequently? This is the question that you need to ask yourself every time. Don’t make unrealistic Take Profit distance. Because obviously, it will not get hit too often. We want the Take Profit to be hit more frequently. And at the same time look for the distance of the mid zone that will not be hit too much frequently.

    I hope you understand me here. You need to look something in the middle which will allow you to hit the Take Profit most frequently. And you will use the formula less. Because keep in mind, we don’t want to use the formula. We use it to protect our capital and to exit without losses. But obviously, we want the Take Profit to get hit first.

     

    7.”If we use the Never losing formula should we monitor the market?”

     

    Of course, when we are using the formula this is a manual system from there. So, we use the Expert Advisors to give us the entry. So, we don’t sit in front of the computer to wait for the entry, we use the Expert Advisors. But once it gets hit and you are into the trade and you want to combine it with Never losing formula you need to keep an eye on it.

    You will be able to place the pending orders. You don’t need to stay in front of it. What I do, normally?

    I look every thirty minutes or one hour to the chart. And if any of the pending orders is hit I will place the opposite direction. This is what I demonstrate in this Cryptocurrency trading course. 

    But actually, there are many notifications, scripts that you can use when you have order hit or order opened to get notified that you can use if you’re not staying in front of the computer. I’m staying in front of the computer the whole day, so I just monitor it. And if I’m really trading, what I mean, on a live account using the Never losing formula during the night is the thing that is a little bit harder.

    You just need to watch on it every two or three hours. But that’s the work of the trader when you are trading and if especially your trading live you need to take it seriously. So, just don’t use the formula if you cannot monitor it overnight or all the time. Or you just put an alarm on your phone, or on a computer to remind you that you need to have a look at the chart.

    It’s up to you how you will manage it. But if you don’t have the possibility to watch over the market better don’t use the Never losing formula and look for pure cryptocurrency algorithmic trading.

     

    8.”How often do you update the Expert Advisors from the Cryptocurrency trading course?”

     

    In this Cryptocurrency trading course, I update the Expert Advisors every month. Because they are changing so quickly, their volatility is different than the Forex market. That is why we need new and fresh Expert Advisors to trade that are generated over the recent market data.

    What do I like to do? I generate new Expert Advisors and not only in this course but in general when I see that the Expert Advisor starts to lose the recent days or weeks it’s not the performance that I want to see. It means that the market conditions changed and I need to create a new one.

    Because it’s very common that I hear and read. People saying the Expert Advisors stopped working, it’s losing. The Expert Advisor doesn’t stop to work. It’s a code that enters into the trade with the predefined entry and exit conditions. What happens, is the market changes. And this is very normal.

    It’s not that the Expert Advisors stopped working, what happens is the market change. So, we need to create a new Expert Advisor that will work according to the recent market conditions.

     

    9.” How to add the Bitcoin to the chart?”

     

    This is when you install your Meta Trader and you don’t see the Bitcoin on the market watch. What you need to do, is right-click over any of the assets and click Show All.

    And you will see all the assets that your broker provides. If you don’t see Bitcoin there this means that obviously, your broker doesn’t provide Bitcoin. And you need to look for another broker if you want to trade the Bitcoin or you want to do cryptocurrency algorithmic trading.

    10.” How long time it takes the Expert Advisors from the Cryptocurrency trading course to open a trade?”

     

    Again this depends really on the market. I cannot say with any of the Expert Advisor when it will open a trade, how long time it will take. It depends on when the entry conditions will be met. Inside the Expert Advisor, we have entry and exit conditions. When the entry conditions are met you will see the entry and the Expert Advisor will open a trade.

    And sometimes it could be immediately once you drop it over the chart, sometimes it could take a couple of days. It really depends as well, on the time frame that you’re trading on. So, if you’re trading on M1 or M5 it will open obviously more frequently trades than if you’re trading on H4 or daily chart, then you will need to wait probably a couple of days or even weeks.

    These are the 10 frequently asked questions that I receive for the Cryptocurrency trading course. Let me know if you have any other questions in our Forum. As you know I always answer within 12 hours. It’s my pleasure to answer your questions.

    This way we have very quick communication and I can assist you as much as I can.

    See you inside the class!

  • Forex Fibonacci strategy: Price action trading course.

    Forex Fibonacci strategy: Price action trading course.

    Forex Fibonacci strategy – the way to enter the market at the right moment

    Forex Fibonacci strategy is what I will demonstrate today that is suitable for all trading assets and different systems. Hello, dear traders, this is Petko Aleksandrov, and I am going to show you now the Forex Fibonacci strategy that I am using successfully. I will show you a method that I learned a long time ago in London from an old trader, I can say, who was using it very interestingly. And I was happy to be in that place at the time.

    So he showed me his Forex Fibonacci strategy system, how he is drawing the Fibonacci.

    I implemented this Forex Fibonacci strategy in my manual trading, and for over 5 years now I use successfully a price action trading strategy.

    And I have shared it in one course.

    The course is called Price action trading course. But now, I will focus just on the Fibonacci method.

    So the Fibonacci on the platforms is right, where we have different drawing tools like the Pitchforks, the Gann tools, and different Fibonacci.

     

    Forex Fibonacci strategy
    Drawing tools.

     

    But I will use the normal Fibonacci retracement which you can find on any platform.

    And I will not explain Fibonacci in detail because it’s a completely different system method. You can find a lot of information about it. I will show you how I am using it.

    Fibonacci shows retracement  levels

    If I zoom in, you will see that there are these targets which you might be familiar with.

     

    Retracement levels.
    The targets in this Forex Fibonacci strategy

     

    Change the colour in case of poor visibility.

    But we usually measure a distance where we have a retracement, and we expect the price to get there, and then we have the different targets. So what we have with the platform are the different levels.

    The Forex Fibonacci strategy uses the levels:

    • 38.2%
    • 50%
    • 61.8%
    • 1.272
    • remove the 78.6%
    • leave 1.618%

     

    Forex Fibonacci strategy settings
    Style in Colours

     

    But I will change the colour so it will be more visual. So let’s make it green as well since it’s a target or even yellow, it will be just fine.

     

    Change the colors for better look
    The colour could be anything.

     

    And I will add 1.272, this one over here, and I think the colour is just fine.

     

    I will add 1.272for this Forex Fibonacci strategy
    Check if you want to add a level.

     

    I will remove 3.618 and 2.618, so I will leave these two targets.

     

    Forex Fibonacci strategy with levels
    The system will use two targets.

     

    I will click on OK to save the changes.

     

    Forex Fibonacci strategy is ready
    Click on the OK button.

     

    And here the Forex Fibonacci strategy is ready as levels.

     

    tradingstrategy.
    The result in levels

     

    Now, how I use this Forex Fibonacci strategy, I will show you step by step.

    I will start from the first low that we have in this uptrend or from where our trend line starts. This is the first low of the uptrend, and it is the last low from the downtrend. It’s the same moment.

     

    The last low from the downtrend.
    The first low of the uptrend.

     

    The retracement zone of the Forex Fibonacci strategy.

    The beginning is where the downtrend stopped, and from here the uptrend started.

     

    Forex Fibonacci strategy beginning
    Start of the uptrend.

     

    Let me zoom it, and I will show you how I’m using Forex Fibonacci. So I take the first low, and I connect it to the first high that the price made:

     

    Forex Fibonacci strategy drawing
    The first high.

     

    And we are looking for these highs that are visual.

     

    Forex Fibonacci strategy
    The visual highs.

     

    and we are not staring at the small highs like this one:

     

    Avoid small highs.
    Look for the highs that are visual.

     

    Now, the idea is that this is the first impulsive move that the price made. Now, here we have the zone for the Forex Fibonacci strategy or our retracement zone where we expect the price to get into and to continue the trend direction.

     

    The zone.
    The retracement zone for the Forex Fibonacci strategy

     

    And we have the first target for the Fibs:

     

    fibs
    The first target.

     

    and we have the second target.

     

    Forex Fibonacci strategy.
    The second target.

     

    Now, when the price reaches the second target, I take the next high and I will draw another Fibonacci to the lowest point of the retracement.

    So let me copy the Fibonacci and I have one over here.

     

    Forex Fibonacci strategy with many Bibonacci
    Copy the Fibonacci.

     

    I will take it from this high over here

     

    Forex Fibonacci strategy in details
    The next high.

     

    going down to the low.

     

    precise drawing
    The lowest low after the first FIB

     

    One more time, this is where the second target reached and the next high I am taking another Fib down to the low which is the lowest one as a retracement to this move.

    Restarting the Fibonacci.

    And now what we see here, this is another move and the target is right over here and you can see that price reached it at this level.

     

    Forex
    The second target.

     

    So I will take another Fib, let me make this one precisely, and I will start it from right over here, from this top

     

    the new fib
    The top.

     

    to the lowest point after the first one.

     

    Forex Fibonacci strategy.
    The lowest point after the first one.

     

    And I can draw it like this:

     

    strategy.
    The drawing.

     

    it’s one and the same thing. And normally I leave it at the middle. Now, you can see where is my second target – 4672.24.

     

    Fibonacci strategy.
    The second target.

     

    And what I need to do is I need to take the level where the price reached and take the next high.

    But what you can notice is that the price went below the 0 line.

     

    Forex Fibonacci strategy.
    The price went below the 0 line.

     

    So this is the moment when I restart the Fibonacci. So if the price goes back to the lowest point, you might restart it a few times with this Forex Fibonacci strategy.

    Copying another Fibonacci.

    And here, if I start drawing it I will restart it over here again. I will make just a new one. And I will go to the next lowest point which I believe is the one over here.

     

     

    Forex
    Next lowest point.

     

    So here is the new Fib and the new targets of 3835.40 and 3963.69.

     

    trading
    The other Fibonacci.

     

    The target is reached right here from the price and I need to take it as a point for the new drawing.

     

    Forex Fibonacci strategy is a consecutive drawing process.

     

     

    Forex Fibonacci strategy.
    The target.

     

    So I will just copy another Fibonacci, again Ctrl + C and Ctrl + V:

    price action trading
    Paste the copied Fibonacci.

     

    And I will leave it to the lowest point which is this one over here.

     

    Forex Fibonacci strategy in steops
    The lowest point for the new move

     

    The lowest point after this extended move.

    The price reached the second target, right over here. I take the first high after that

     

    trading strategy.
    The first high after the second target.

     

    and I take it to the lowest point.

     

    Forex Fibonacci strategy.
    The lowest point.

     

    The second target is used in the Forex Fibonacci strategy system.

    Now the price goes towards the second target but didn’t reach it. So I keep looking for the moment where the price reaches this second target. It’s right over here with this extended move.

     

     

    action trading
    Where the price reaches.

     

    What I need to take now is the next high. And I will again copy the Fibonacci, and I will draw it from this top over here, going down to the lowest point.

     

    Forex Fibonacci strategy.
    The lowest point.

     

    Let’s have a look where is the second target. It’s right at 5976.87 and the price reaches it:

     

    Forex Fibonacci strategy consective drawings
    The second target is reached again

     

    I will copy again a Fibonacci for the next drawing.

    I am taking Fib from the next high where the price reached the second target. And this is actually from where the Fib starts, so I’m drawing it opposite the trend.

    The second targetis what matters in this Forex Fibonacci strategy.

    I’m starting from here

     

    trend line
    Starting point.

     

    and I draw it to the lowest point after this Fibonacci. And in this case, it is right this level here.

     

    Forex Fibonacci strategy.
    Draw the level precisely.

     

    So instead of drawing it like that,

     

    make it visual
    I will not draw it like this.

     

    I will just draw it like that,

     

    should look nice
    I will draw it like this.

     

    So this is my new Fibonacci, here is the retracement zone.

     

    Forex Fibonacci strategy.
    Retracement zone.

     

     

    And let’s have a look now at the second target:

     

    second target
    The second target.

     

    The price reaches it at this moment and forms a new high over here.

     

    Forex Fibonacci strategy.
    New high.

     

    What do I do? The same thing, copy/paste and I will bring one more Fib from this high getting to the lowest point which is right over here.

     

    manual trading
    New Fib.

     

    And then we have the second target hit. I will take another Fibonacci and I will bring it to the next high. So I prefer to draw the Fibonacci this way so they don’t cover each other.

     

    Forex Fibonacci strategy.
    Don’t let the Fibonaccies cover each other.

     

    Zoom to make the chart clearer for this Forex Fibonacci strategy.

    But you can see the second target is here, the price reaches.

     

    actual trading
    The price reaches the second target

     

    I take the first higher high and it’s this one over here.

     

    Forex Fibonacci strategy.
    First higher high.

    And then here is my zone of retracement

     

    fib trading
    Retracement zone.

     

    and here is my new Take Profit at 9018.41.

     

    Forex Fibonacci strategy.
    Take Profit.

     

    And if I move the chart, you will see that the price reached it exactly.

     

    price action course
    The price reached it exactly.

     

    This level here of 9,000 and something was reached by this recent high.

     

    Forex Fibonacci strategy.
    It was reached by this recent high.

     

    So now I will take one more Fibonacci and I will start it from this high

     

    Forex Fibonacci strategy.
    New Fibonacci.

     

    going to the lowest point which, in this case, is this one over here.

     

    Forex Fibonacci strategy.
    The lowest point.

     

    Let me just zoom and to make sure if we are having a lower point or not.

    Yeah, I think it’s a little bit but it is lower. I’m talking about this spike here. Yeah, it is lower, a little bit but it’s lower.

     

    Forex Fibonacci strategy.
    It is lower.

     

    Don’t mess up the chart with too many drawings.

    So I restart it again starting I ignore all that I have drawn. And I will need to take it to the first high.

    And I have a new start for the Fib. So it is like I build it and if I see a lower low than the retracement, I need to restart it. I will take another Fibonacci and then I will take it from the first high after the second target, which is this one over here, here it is, and the lowest point of the retracement. I will draw it like that, so here it is, the very same level.

     

    Forex Fibonacci strategy.
    Same level.

     

    And let’s have a look at the target – 9771.95.

     

    Forex Fibonacci strategy.
    The target.

     

    It’s not reached.

     

    And now all of the Fibonacci that I had before that, before this one over here, I can remove it.

     

    Forex Fibonacci strategy.
    Remove the Fibonaccies.

     

    I will remove them so I will not have too many drawings and mess on the chart.

    Feel free to ask if you have any questions about this Forex Fibonacci strategy.

    However, when you do your analysis for the asset, you do it just one time. It is good if you do it just to practice how I do it. And of course, if you have questions you can ask me. In the beginning, it could be a little bit complicated but the idea is very simple.

    We take the beginning of the trend, we draw a Fibonacci, we take the second target, where the price reached we take another Fibonacci to the lowest point of the retracement and then we continue. Now, what is the idea here? We have this retracement zone where we want to enter.

    And as you can see, if the price breaks the counter trend line, as I said this is one of my entries, this will be within the retracement zone of this Fibonacci. You can see if it breaks it now, it will be within this retracement. And this retracement zone is just an idea where it’s a good place to get into the trade.

     

    Forex Fibonacci strategy.
    Lower lows.

     

    Thank you for reading and let me know if you have any questions about the Forex Fibonacci strategy system in the comments below. But I’m sure if it is complicated for you, you just need to watch the lecture one more time and it will make sense to you, and you will learn to do it.

    Just practice it, you’re welcome to send me some screenshots for your Fibs.

    And this way I will tell you if you’re doing it properly or not.

    If you want to learn the complete price action trading system used by me, have a look at the course Price Action trading course.

    Thanks for reading and always enjoy the trading.

    Cheers.

  • BEST Expert Advisor for MT4 & MT5: How to Find it?

    BEST Expert Advisor for MT4 & MT5: How to Find it?

    Trading has evolved dramatically with the advent of Expert Advisors (EAs). These automated trading systems allow traders to execute trades seamlessly without constant monitoring. Whether you are looking for the best EA for MT5, the best expert advisor for MT4, or the overall best expert advisor, this guide provides insights into identifying, utilizing, and maximizing the potential of these trading systems.

    Table of Contents:

    What Are Expert Advisors

    Expert Advisors are automated trading systems (trading robots) designed to execute trades based on predefined entry and exit rules. Therefore, you can follow the trading strategies even without steering in front of the screen. Installed on MetaTrader platforms, EAs enable traders to automate their trading processes, removing emotional biases and ensuring consistent strategy execution.

    Key Benefits of Using EAs:

    • Round the Clock Trading: Operate continuously during market hours: 24-hours a day, 5 days a week.
    • Emotion-Free Trading: Decisions are purely data-driven.
    • Backtesting Capabilities: Evaluate performance using historical data.
    • Multi-Strategy Execution: Simultaneously manage several trading strategies.
    • Diversification: Reduce reliance on single strategies by trading multiple EAs.

    EAs are indispensable for traders seeking efficiency and diversification. They minimize human error, enable multi-asset trading, and allow traders to focus on strategy optimization rather than execution. Due to that, the quest to find the best expert advisor becomes a crucial step in maintaining sustainable performance across diverse market conditions.

    How to Identify the Best Expert Advisor

    Critical Factors to Consider when Looking for the Best Expert Advisor

    The “best” EA varies depending on individual needs, but here are critical factors to consider:

    1. Platform Compatibility

    • MT4 vs. MT5: MetaTrader 4 (MT4) remains a favorite due to its simplicity, extensive user base, and compatibility with numerous third-party tools. However, MetaTrader 5 (MT5) offers more advanced features, such as multi-asset trading, integrated economic calendars, and a more sophisticated backtesting environment with multi-threaded processing. Traders should select an EA compatible with their chosen platform while considering the additional benefits MT5 provides, especially for advanced strategies and portfolio diversification.
    • Ease of Integration: Verify whether the EA integrates smoothly with the platform’s architecture, ensuring seamless execution without errors.
    • Future-Proofing: As MT5 gains more adoption, investing in EAs compatible with this platform might ensure long-term usability.

    2. Performance Metrics

    • Profitability: Assess historical performance records to ensure the EA has consistently generated gains over different market conditions. Profitability should not rely solely on short-term trends but demonstrate robustness over extended periods.
    • Drawdown: This metric measures the peak-to-trough decline in an account balance. Lower drawdowns are indicative of safer EAs that manage risks effectively, ensuring capital preservation during volatile market conditions.
    • Risk-Reward Ratio: Evaluate the EA’s ability to balance potential rewards against risks. A favorable ratio—where expected gains outweigh potential losses—is critical for long-term success.
    • Sharpe Ratio: This advanced metric measures risk-adjusted returns, providing insights into the EA’s overall efficiency.

    3. Customization Options

    • Parameter Adjustments: Look for EAs that allow users to fine-tune key settings such as lot size, stop-loss levels, take-profit targets, and trading timeframes. This flexibility ensures that the EA can align with individual trading styles and risk appetites.
    • Market-Specific Tuning: Some EAs are optimized for specific currency pairs or assets. Customization options should accommodate adjustments for different markets or conditions.
    • Scalability: An EA with scalable parameters allows traders to adjust their strategies as their account size or market exposure grows.

    4. Transparency

    • Accessible Performance Data: Ensure the EA provider shares detailed performance reports, including historical trade data, win rates, and profitability metrics. Avoid EAs that make unverifiable claims.
    • Trading Logic Disclosure: While full algorithm disclosure is rare, credible EAs often provide a high-level explanation of their logic and strategy, allowing users to understand how decisions are made.
    • Risk Metrics: Look for transparency in how the EA manages risk, including stop-loss placements, maximum drawdown limits, and trade frequency.

    By focusing on these factors, traders can avoid scams and untested promises commonly associated with low-quality EAs. A diligent evaluation process ensures that the chosen EA not only meets technical requirements but also aligns with the trader’s goals and risk tolerance.

    Also, the “best” Expert Advisor is not determined solely by market promises but by rigorous testing and performance validation. In our course, Automated Forex trading + 99 Expert Advisors, we demonstrate a systematic approach to identify top-performing EAs.

    Key Steps to Finding the Best Expert Advisor from a Portfolio of 99 EAs:

    1. Leverage Comprehensive Testing

    Begin by deploying all 99 EAs on a demo account. Using platforms like FX Blue, analyze key metrics including profitability, drawdown, and risk-adjusted returns. This ensures that the top-performing EAs are not based on assumptions but actual statistics.

    2. Consistently Monitor Performance

    Monitor EA results multiple times weekly. Typically, this involves reviewing performance on Mondays, Wednesdays, and Fridays or over the weekend. Regular updates ensure the portfolio adapts to market dynamics.

    3. Separate and Optimize Top Performers

    Use their unique identifiers (magic numbers) to isolate the top-performing EAs. In order to do that, open the Meta Trader, then go to File, Open Data Folder and then click on MQL4. Then go to the location of the Expert Advisors and inside “Search Experts” insert the magic number of each of the Top 3 EAs from FX Blue. A good practice is to make screenshot of the top expert advisors, so then it would be easier to search for them.

    Then consolidate these EAs into a dedicated folder for focused deployment. To do that, you can create one folder within the “Experts” folder and name it for example “Top 3 Expert Advisors Forex” or “Top 3 EAs”. Then just copy the best expert advisor that you have identified or the several that you want to trade and paste them in the newly created folder.

    4. Deploy on New Demo Accounts

    Before trading live, test these top-performing EAs on a separate demo account. This stage minimizes risk and builds familiarity with their trading mechanics.

    5. Maintain and Update Regularly

    Keep the top-performing EAs active and replace them as necessary based on updated statistics. For instance, when one EA’s performance declines, replace it with a newly identified top performer from the original pool of 99 EAs.

    By adhering to this method, as taught in our course, traders can systematically identify and utilize the most profitable EAs for MT4 and MT5, avoiding the pitfalls of relying on unverified market promises.

    Deepen your understanding and jumpstart your journey in algorithmic trading, by enrolling in our 21-Day Free Algo Trading Course. This comprehensive program is designed to equip you with the skills to effectively use EAs and develop your strategies. Learn more and sign up today at eatradingacademy.com/algo-program or click the button below.

    21-Day Free Algo Trading Course

    Strategies to Enhance EA Performance

    1. Diversify with Multiple EAs

    Combining several EAs can hedge risks and improve profitability. For instance, using different EAs for EURUSD, Bitcoin, and S&P 500 ensures that performance remains balanced across varying market conditions. Here’s a step-by-step approach:

    • Choose Complementary EAs: Mix strategies—trend-following, scalping, and mean reversion.
    • Equal Exposure: Balance trading volume across assets for consistent risk.

    2. Test on Demo Accounts

    Before deploying EAs on live accounts:

    • Test their performance on demo accounts with simulated capital.
    • Regularly analyze performance to identify top performers.

    3. Regular Monitoring and Updates

    • Replace underperforming EAs promptly.
    • Update EAs monthly to leverage the latest market data.

    4. Optimize Settings

    Adjusting EA settings like lot size, stop loss, and take profit ensures alignment with market conditions and trading goals. Regular optimization helps maintain profitability.

    The Best Expert Advisor Strategy: Trade with 5 EAs Simultaneously

    Trading with multiple EAs offers an advanced approach to creating a robust and diversified trading strategy. Instead of relying on a single algorithm, multiple EAs enable you to hedge risks and capitalize on opportunities across various markets. For instance, implementing five EAs for EURUSD, Bitcoin, and S&P 500 markets helps mitigate risks inherent in any single market condition. By spreading exposure, you ensure your portfolio adapts to diverse trading environments, reducing dependency on one strategy or asset class.

    Benefits of Multi-EA Trading:

    • Diversify Risk: Utilizing multiple EAs lowers the overall portfolio risk by balancing losses in one market with gains in another. This approach ensures stable performance even during volatile periods.
    • Capture Opportunities: Each EA is designed to respond to specific market conditions, allowing you to optimize gains across various scenarios, such as trend-following in EURUSD or volatility-driven trades in Bitcoin.
    • Enhance Flexibility: With multiple EAs, you can employ diverse strategies—such as scalping, trend-following, and mean reversion—simultaneously.

    Steps to Execute Multi-EA Strategies:

    1. Install EAs Across Markets: Set up each EA on its respective chart and assign appropriate timeframes.
    2. Activate AutoTrading: Enable AutoTrading to allow EAs to execute trades without manual intervention.
    3. Monitor and Balance Exposure: Regularly review performance metrics to ensure risk is evenly distributed across assets and markets.

    Through this systematic approach, traders can leverage the combined strengths of multiple EAs, achieving consistent returns while mitigating market-specific risks.

    The Importance of Backtesting and Forward Testing

    Backtesting and forward testing are integral to validating an EA’s reliability and profitability. Each testing phase provides unique insights into the EA’s performance and suitability for live trading.

    Backtesting:

    Backtesting involves using historical market data to simulate an EA’s trades. This process assesses whether the strategy performs well under past conditions, providing insights into:

    • Viability: Does the EA produce consistent results across different periods?
    • Optimization: Parameter tuning helps identify the most effective settings for risk and reward management.
    • Robustness: Evaluating performance under varying market scenarios ensures the EA’s adaptability.

    Forward Testing:

    Forward testing places the EA in real-time conditions on a demo account. Unlike backtesting, this method provides a realistic assessment of the EA’s behavior in live environments. Key aspects include:

    • Execution Accuracy: Ensure trades align with expectations.
    • Market Adaptation: Monitor the EA’s ability to respond to live market fluctuations.
    • Consistency: Track profitability and risk metrics over time.

    Metrics to Evaluate:

    • Win Rate: The percentage of trades that close profitably.
    • Profit Factor: The ratio of gross profits to gross losses, indicating overall efficiency.
    • Maximum Drawdown: The largest observed loss from peak to trough in the account balance, a critical measure of risk.

    Combining backtesting and forward testing ensures you deploy EAs with proven performance and reliability, reducing the likelihood of unexpected outcomes in live trading.

    Advanced Tips for Success with EAs

    Achieving consistent success with EAs requires leveraging advanced tools, avoiding common pitfalls, and maintaining a disciplined approach. Below are actionable tips for optimizing EA performance:

    Utilize VPS Hosting

    A Virtual Private Server (VPS) ensures uninterrupted trading by hosting your MetaTrader platform on a stable and secure server. This setup minimizes latency, prevents downtime, and allows EAs to operate seamlessly, even during power outages or network issues.

    Avoid Over-Optimization

    Over-optimization occurs when an EA is excessively fine-tuned to historical data, often leading to poor real-world performance. Instead:

    • Focus on broader parameter ranges to enhance robustness.
    • Test settings across diverse market conditions to avoid curve fitting.

    Leverage MT5’s Advanced Features

    MetaTrader 5 offers superior tools that can significantly improve EA deployment:

    • Multi-Threaded Backtesting: Reduces the time required to analyze strategy performance.
    • Depth of Market (DOM): Provides insights into market liquidity, improving trade entries and exits.

    Participate in Trading Challenges

    Many brokers and trading platforms host challenges where traders aim to achieve specific goals, such as a 10% profit with a maximum drawdown of 5%. EAs are particularly effective in these scenarios due to their precision and consistency. By meeting these criteria, you can refine your trading skills and gain recognition.

    By integrating these advanced strategies, traders can maximize their EAs’ potential, ensuring both short-term profitability and long-term sustainability.

      Conclusion

      The journey to finding the best expert advisor requires diligence, testing, and consistent monitoring. By following this guide, you’ll be well-equipped to select and optimize EAs tailored to your trading goals. Remember, success with EAs is a continuous process of evaluation and adaptation.

      Explore your options today and embrace the power of automated trading to achieve consistent results in the forex market. Whether you’re aiming for the best EA for MT5, the best expert advisor for MT4, or a diversified portfolio, the right tools and strategies will set you on the path to success.