What to do…

I’ve been trading the Forex Bling package in demo since September, with mixed results. Some of the EAs really haven’t been working out for me before the last update (912), and certainly not with all the pairs they’re capable of trading. But as long as you choose your EAs and currency pairs correctly I think this is a great addition to further minimize my dependency on a small number of EAs (read FAPT and MD).

The ones I’m considering putting live first is Evolution2 EURUSD, Fractals4 GBPUSD, Fractals4 EURGBP and possibly Freedom EURJPY. These have been rather consistent and even with the lowest possible lot size (I use fixed lotsizes instead of risk% money management) have made 15% over three months together (the Freedom EA have been a bit unstable though, hopefully version 912 performs better than 909 and 911). This is of course not amazing, but since they’re not scalpers they will hopefully have little or no correlation with the other EAs I trade live. I think I will put them on my Forex.com/UK account, since it’s the biggest I have and currently only trades RoboMiner and MegaDroid.

The updated ThunderBolt and ThunderStorm scalpers in the Bling package actually is performing very well also, but I probably won’t put them live right now. I already have FAPT and MD scalping in my accounts. And I really would like to put them on a ECN account like JadeFX if I decide to trade them, but that isn’t possible if I want the other EAs to trade micro lots.

I’ve started a demo this week with the new GridSpecialist EA on the recommended pairs. The developers accounts using this EA have been very impressive, but I want to verify myself of course. The last time I traded something with Grid in the name (read GridBot) it didn’t end up well… I will definitely be careful with this one.

All in all Forex Bling is a great package I think. $99 for three months is okay for the six different EAs / strategies you get considering all of them actually seems profitable.

Normally I really don’t pay attention to the, almost daily, releases of new EAs. There just have been too many that have been so disappointing lately (and I don’t think it is going to decrease either). However today there actually is a release that I kind of look forward to. I’ve for some time been looking at the Fractals 4 EA from Forex-hope.com. It is the fourth incarnation and it have proven it self in both backward and forward tests over the last few months (think it was released in June). I’ve been looking to buy it since it isn’t a scalper, but rather a break out system, but I haven’t had $199 from the EA budget to invest in it.

Today Forex hope releases a new product thou, called Forex Bling (I know, the name… yeah). It isn’t one EA, but a number of EAs that are meant to be traded together in a portfolio. There’s a scalper (actually four different, but they are probably based on the same code, that trade different pairs), a trend follower, a break out system and a grid trader. I’ve seen the affiliate report as well as some live MT4 stats and I must say that I am impressed. The Scalper(s) seem very good, definitely FAPT/MD class, perhaps even better. The others also are very impressive, but I think it isn’t real live, but rather demo trading. Still it looks very promising.

One of the things I like the most thou is that the package is offered as a subscription service costing $99 for three months. Considering that it, currently, comes with four different systems I would say this is very good. The facts that it is a subscription implies that they believe in the system, since they want people to keep paying for it. Also, they will be giving the first 100 sign-ups Fractals4 for free (it isn’t part of the package otherwise).

I’m going to sign-up today and start demos. In the mean time I’ve found these live stats pages, they are for the scalpers called ThunderStorm and ThunderBolt.