However, there’s been some challenges as this year I’m living on the west coast (after living on an island in Thailand for the last few years), the hours for trading with some market flow start at 11pm and go until 9am.  I either stay up until 4 or sometimes all night and sleep in the day.

So, I’ve been working on making an ea that can trade my style and give my eyes a break. I know my style works so it’s just been a question of how to automate it.   Last night I finally got it!!

(17 wins and 2 losses on just two pairs: cad/jpy and aus/jpy)

This is what I call a sweet equity curve:

Now, of course it’s only been 1 night – if this was some “super duper ea” I would be very skeptical, but this is the same system I’ve developed over the last year and have been trading live for the last couple months. I’ve never had 19 trades in a day before though!

Very excited about next week…

PS.  Please don’t contact me asking to have a copy. If you have been accumulating knowledge, the picture is worth a zillion words.  I will be offering my signals here next month: ZIPSIGNALS – Automated Forex Trading, 10 day Trial $1

Stay tuned to track the progress and more hints. Keep it real!  ~ Jason

One of the most successful traders in history was asked “what advice would you give to a trader that is struggling and not profitable?”, he answered “he/she should find someone who is a successful trader and get them to managage their account”. When you think about it, this is excellent advice. The learning curve for forex trading can take a couple years, if you could have a professional trading for you – what an advantage to earn while you learn!

How ZuluTrade works in a nutshell:

1. Sign up for a Free Account by clicking on the image:
2. Then you sign up for a new broker account from within ZuluTrade, you can choose between over  a dozen popular brokers like FXDD, FXCM, etc – (the account minimum for some brokers  is only $200 for a micro account)
3. Once your new broker account is activated you login to ZuluTrade and select your providers and the amount of risk for each provider.
4. Once a week you will receive a report with how many pips won/lost, you can check statistics and change providers anytime you like

This service works out to be free for you because the brokers give ZuluTrade a small commission on each trade from each referral. They split this small commission with the service providers. Anyone can choose to be a service provider for ZuluTrade by linking their live account.

The advantage of autotrading with ZuluTrade is time freedom, besides the initial time you spend choosing your providers and monitoring them, you don’t have to do anything. Each time one of your providers makes a trade it is automatically traded in your account with the money management (risk allowance) that you choose.

Where You Have To Be Careful - In my opinion the vast majority of current trade signal providers at ZuluTrade are VERY risky. There is various information available to you about each provider that you need to sort through:

Notice the column that says Max DD%, this is very important in my opinion, DD stands for draw-down and shows how down these providers have been in “adverse times”. Forex trading is an up and down game, at best 2 or 3 steps forward and 1 back. In the image you can see one of my favorite providers Lowest DD, after 1771 trades the most draw-down is account has seen is 14%, so if you have a 10,000$ account and you experienced his drawdown period, you would have been down to 8600$ at the worst period.

You see IKZE trading with the 250% DD, if you would have been trading with this provider during the worst time, you would have lost everything if you committed 100% of your account to this provider.  So, as the saying goes “don’t put all your eggs in one basket”, if you had only 10% risk set for that provider, then that’s all you would have lost. Personally I only choose providers with a very low DD and lots of experience.

Viva la pips!

Sign Up For A Free ZuluTrade Account

Forex Elite is proud to share valuable information and discussion about Ichimoku Kinko Hyo, an amazing Japanese trading methodology which was developed over a 20 year period by Goichi Hosoda. That’s 20 years!!!  Obviously there were no computers back then and Goichi with the aid of numerous students did an incredible amount of research and testing to develop his method. Today many large banks and institutional traders use Ichimoku (ee-chi-mo-koo) charts and so do we as one of our methodologies. It’s a great way to see what’s happening in the big picture.

Euro USD

4 hour Ichimoku chart, Euro still holding Tenken Sen, possible exhaustion wick…

Risk appetite was on overdrive this week, the euro gained 1.96% as the dollar took a bashing. Will we see a return to risk aversion and a strong dollar anytime soon? Stay tuned

We will be adding a strong disclaimer shortly. If you are new to Forex and trading in general, be aware that trading is high risk and be sure to start trading on a demo account until you are very confident in your strategy before risking real money. Records from brokers indicate that 95% of new traders lose their money and give up within 3 years. These are terrible odds!

At Forex Elite we are committed to creating a community of traders who use Ichimoku to identify high probability trades and share the fruits of our labour. Together we can do great things!  Remember, trading has nothing to do with predicting the future, we do not have a crystal ball (besides Ichimoku =), we are only interested in taking high probability trades that give us our edge.

To Our Success!

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