Forex Bling Expert Advisors Review
by admin on 12/08/09 at 6:40 am
We test our expert advisors and trading systems. It’s now part of Forex Bling Program.
They must have a good money management and a balance between risk and reward.
Our purpose is to have ongoing basket of trading systems that produce consistent 60%-100% profit per year while maintain Minimal Risk.
We do not make aggressive trades which could ruin our capital. Most of the trading systems that we run are set to 1%-3% risk per trade.
To distribute/spread the risk; we divide our trading basket into several trading strategies: Trend following, Breakout system, Scalping technique, Grid Strategy.
Each strategy has pro and cons. We stay away from Martingale strategy for now.
CLICK HERE for month by month performance using Risk=1% calculation.
Our basket of trading systems (including under our testing):
1. Breakout Strategy:
PRO: Breakout and trending market
CONS: Choppy market
* Fractals-3 * Evolution EA
2. Trend Following:
PRO: Breakout and trending market
CONS: Choppy market, Reversal Market
* Freedom EA
3. Scalping Technique:
PRO: Sideways market
CONS: Volatile market
* Thunderbolt & *Thunderstorm
In testing:
* Thunderwind & *Thunderbird
4. Grid Trading:
PRO: Ranging market
CONS: Trending market
* Grid Specialist
DETAIL STATEMENT
For detail statement for each trading system, click the correspondent box.
1. Evolution EA
Evolution Trading System is forex trading strategy based on market timing and pivot point.
Trade on EURUSD.
Start Equity: $10,00. Broker: ALPARI UK
Risk Setting: Conservative (Risk: 1% per trade)
Setting:
Default Setting with Risk = 1
Broker_OffsetHour=2 (for Alpari UK)
NOTE: Evolution is replaced with EVOLUTION-2 (New Version).
2. Fractals Wizard EA
Fractals EA is an expert advisor that works using breakout trading strategy.
Start Equity: $25,000 at IBFX
Risk Setting: Moderate (Risk: 2% per trade)
For Detail Statement before June 2009 with the account start at $25,000: CLICK HERE
NEW FRACTALS WIZARD 4:
Trade on EURUSD, GBPUSD & EURGBP
Start Equity: $10,000 Broker:ALPARI
Risk Setting: Moderate (Risk:below)
Setting: Default Setting with the risk setting and take profit as below
EURUSD= Risk=0.25, Aggressive Setting = 5, Take Profit = 300
EURGBP= Risk=0.2, Aggressive Setting = 4, Take Profit = 300
GBPUSD= Risk=0.15, Aggressive Setting = 3, Take Profit = 350
Broker_OffsetHour=2 (for Alpari UK)
3. Freedom EA
Freedom EA is an expert advisor that works using contraction and expansion system.
Trade on AUDUSD, CHFJPY, EURJPY, GBPCHF, GBPUSD, USDCHF
Best Currency pairs: AUDUSD & EURJPY
Start Equity: $5,000. Broker: IBFX
Risk Setting: Conservative (Risk: 1% per trade)
Other Setting:
Default Setting with Risk=1
Broker_OffsetHour=0 (IBFX)
4. Scalping Technique
I’m not really fond of scalping trading, but I always open to any new approach.
* Thunderbolt
Thunderbolt is a variant of EURUSD & GBPUSD scalping technique.
Thunderbolt at EURUSD market:
Start Equity: $10,000. Broker ALPARI UK
Risk Setting: Aggressive (Risk: 3% – 5% per trade)
Setting:
Default Setting with Risk vary from 3 to 5 depend on the market condition
Broker_OffsetHour=2 (for Alpari UK)
Thunderbolt at GBPUSD market:
Start Equity: $10,000 at ALPARI UK
Risk Setting: Aggressive (Risk: 3% – 5% per trade)
Setting:
Default Setting with Risk vary from 3 to 5 depend on the market condition
Broker_OffsetHour=2 (for Alpari UK)
* Thunderstorm
Thunderstorm is another variant of scalping technique for EURCHF and EURGBP.
Start Equity: $10,000 at ALPARI UK
Risk Setting: Aggressive (Risk:3% – 5%)
Setting:
Default Setting with Risk vary from 3 to 5 depend on the market condition
Broker_OffsetHour=2 (for Alpari UK)
* Thunderwind (under testing)
Thunderwind is a scalping EA using Asian market for EUR/GBP.
Start Equity: $10,000 at ALPARI UK
Risk Setting: Very Conservative (Risk: 1% per trade)
Setting:
Default Setting with Risk =1
Broker_OffsetHour=2 (for Alpari UK)
Thunderwind EA on EUR/USD:
5. Grid Trading
Grid Trading work best at ranging market. This kind of trading style do not like a trending market .
* Grid Specialist
I receive Grid Specialist from my associate whom want me to modify if possible improve it. Grid Specialist is an aggressive grid trading, need to be careful with this one.
Start Equity: $13,000 at IBFX
Risk Setting: Aggressive (Risk:5 with Equity Protection set to 25%)
Setting:
Default Setting with Risk=5 and Equity Protection=25
Broker_OffsetHour=0 (for IBFX)
For Detail Statement before June 2009 with the account start at $13,000: CLICK HERE
If you interested to know more about our trading systems above:
Fill your name and email address in our mailing list below, we will send you the information how to get start and some important update.
Khairul
Jun 5th, 2009
Why not create an EA which can trade in 3 market conditions ? Breakout, trending and choppy ?
mario
Jun 5th, 2009
hy…i’ve been stop by this site via info given by a friend of mine.
interesting site…however it’z a bit confusing since there are few EA offered….
any suggestion on which EA is better to start with?
also is there any detail i.e. what is initial deposit size, how the EA work, any SL applied, etc.
brgds,
mario
gagahlin
Jun 6th, 2009
Hello Khairul.
I used to create an EA that prepare in 3 market conditions, like PB or DTS, but they need a sufficient margin to sustain the temporary drawdown.
This is my new approach to create simpler and profitable trading system, by developing several EAs that work in specific market condition.
Off course, I can combine these 3 EA like you suggested (breakout, trending and sideways) into 1 EA, but it will add complexity into the program itself.
My plan is to break it into simpler function that work separately, but anyway this is a new project, so our approach may change in the future.
Mario, I will create a new section in this website about our basket.
Our plan is to create several baskets which each basket is a combination of several EA’s running into it.
It’s like a portfolio management or funds management.
I will publish the settings that I used for each EA’s.
jerry
Jun 6th, 2009
when will these EAs be available for purchase?
admin
Jun 10th, 2009
Hello Jerry, We are in final testing for those trading system. As soon as we are ready, we can release it. It should around July 2009.
Julie Osmond
Jun 12th, 2009
Hello, I would like to discuss business opportunity with you. How and who should I contact ?
sanzaru
Jun 13th, 2009
Hi Julie you can email it to admin.
Thank you for visiting our site.
Hendra Widjaya
Jun 14th, 2009
“Great idea…. Great EA….”
Aihen Zientang
Jun 16th, 2009
Wow…I think your new EAs are great with amazing returns..when they are up for sale, please inform me ( I have subscribed to your email). Good work guys.
Satoshi
Jun 16th, 2009
Hi Lin,
How are you? Are you selling your new EA ok? I still don’t see your EA on Clickbank. That is a pity. Since you seem very busy, why don’t you having someone else set up the sale page on Clickbank? That should make your life easier. Fapturbo and other trading systems are still selling quite well on my blog as it gets 800-1000 visitors a day. Some of the visitors to my blog have already asked me about your EAs.
Satoshi
Max
Jun 19th, 2009
Hello,
My name is Max writting from France.
I really like your site with live trading updates of your different EA basket accounts and informations about tradings!
I would like to start trading using an Expert Advisor with a conservative risk setting like 1% risk per trade.
I’m willing to start with $1000 and I’d like to know which EA do you think is the best for me and where to find it?
Thank you for your time!
Max.
sanzaru
Jun 20th, 2009
Hi Max,
Each trader have their own preferences in trading strategy and risk tolerance.
My main point is you can search the best EA that suit your style, and… that is the best EA for you.
As for the which EA will give you the most profit, you can loot at our review section.
Happy Reviewing.
Aran Murphy
Jun 29th, 2009
Hello,
I’m really interested in Thuderbolt2 (GBP/USD, EUR/USD) and Thunderstorm (EUR/GBP, EUR/CHF)
When will you be releasing these for sale, and what will be the price?
What is the max spread for these EA’s to work effectively?
Does it have a built in spread filter, and what sort indicators does it use?
Anything else you can tell me about your EA’s would be appreciated.
Thanks,
Aran
Marcello Vieira.
Jul 1st, 2009
Hi,
When you will release this EAs for the public?
Congratulations for your excelents EAs.
Regards,
Marcello Vieira.
Steve Liu
Jul 3rd, 2009
Dear Yohanes,
I’m very interested with your trading performance.
I want to buy your BASKET EA : Fractals Wizard EA, Freedom EA,Thunderbolt EA.
And can you give me Demo Live Account for every EA above ?
How is the process ?
Please reply ASAP.
Thank you so much for your help.
Best Regard’s
Steve
Gagahlin
Jul 4th, 2009
Hello Steve,
We will release it in the middle of July to end of July. We are preparing a mini site and testing our new DLL. The last time causing lot of headache because the DLL sometimes crashed in several MT4 platform.
Randy
Jul 20th, 2009
Great job. I applaud you for sharing your great research so others may earn money against the big boys. I await your release of your EA to the public.
However a EA is only as good as the broker you are dealing with. You seemed to favor Alpari UK. Although most information on Alpari UK is positive, What is your opinion on the ECN group which recently moved operations acrossed the ocean?
Kind regards,
Randy
Paulo Santos
Jul 23rd, 2009
Hello,
I’m really interested in Thuderbolt2 (GBP/USD, EUR/USD)
When will you be releasing these for sale, and what will be the price?
What is the max spread for these EA’s to work effectively?
Does it have a built in spread filter, and what sort indicators does it use?
Anything else you can tell me about your EA’s would be appreciated.
Thanks,
Paulo Santos
paulosergiosantos77@gmail.com
admin
Jul 23rd, 2009
Hello. The EA will be released on August. Please subscribe to our mailing list. We will let you know.
admin
Jul 23rd, 2009
Our EA can work with many forex broker. We use 1 broker just to show the difference those EAs running at the same broker ( (we choose Alpari for our forward test). Actually our scalping EA also works best at broker that have fixed spread like FXOpen.
Paulo Santos
Aug 3rd, 2009
Dear Yohanes
I’m really interested in Thuderbolt2 (GBP/USD, EUR/USD)
When will you be releasing these for sale, and what will be the price?
You tell me that EA will be released on August???
Anything else you can tell me about your EA’s would be appreciated.
Thanks,
Paulo Santos
saurabh
Sep 13th, 2009
i purchased forest bling.
how i will know it is doing any trading…i do not see any trading going on on the screen… just chart is moving….
please help . I am a bignner in using your system. I have ALPARI US account.
what “use MT4 Folder below ” parameter means?
Gagahlin
Sep 14th, 2009
Hello Saurabh,
Downlod, unzip the file then replace all old files with the files (the EA, indicators and DLL).
First, you need to install your MT4 folder OUTSIDE Windows Program Files or Document and Settings folder.
You can install at new directory
i.e: C:\MT4\Your MT4 folder\
Then you need to take attention to two new parameters:
Use_MT4Folder_Below
Your_MT4_Folder
Use_MT4Folder_Below set to TRUE then Fill Your_MT4_Folder with your current MT4_Folder.
It should be something like C:\MT4\Metatrader 4 Alpari UK
You need to input the folder location without ” ” sign.
This is correct: C:\MT4\Metatrader 4 Alpari UK
This is NOT correct: ” C:\MT4\Metatrader 4 Alpari UK” => do not include ” ” in the folder location
This is NOT correct: C:\MT4\Metatrader 4 Alpari UK\terminal.exe => do not include terminal.exe
Ed Hayes
Sep 14th, 2009
Hi
Is there a way to move the Metatrader 4 FXDD out of the Program Files directory instead of reinstalling. I don’t want to lose all of the charts, templates, settings I have established already.
Aloha from Hawaii
Ed Hayes
Tej
Sep 15th, 2009
Hi,
I am getting nice results with forex bling. The only problem is that the default stop limit and take profit of evolution and freedom is too great. Evolution takes profit at 300 pips and freedom at 200 which i think is too great at current market conditions. The market always reverses before even half the limit is reached and if i am not careful this can turn into loses even after having gained about a 100 pips. Can i change the this SL and TP settings in evolution and freedom.
Thank you.
Aziz Khan
Sep 15th, 2009
ThunderBolt and ThunderStorm seem to have good forward-test results.
How much does each one cost?
Gagahlin
Sep 15th, 2009
Hello Tej,
The take profit at Evolution and Freedom is a hard take profit (where anyone can see), but inside the EA we also have stealth mode take profit. So it doesn’t mean that the EA will wait until the hard take profit hit before close the order.
Gagahlin
Sep 15th, 2009
Halo Ed,
You can copy your MT4 folder to a new directory. In this way, you can keep all files. In the new folder you just add a new shortcut from terminal.exe to your windows dekstop.
Istvan
Sep 16th, 2009
Hi,
It would be nice to have a separate setup for breakout and scalp strategy inside the Fractal Wizard EA. I would like to switch on/off them separately with different risk settings.
Would you consider this change?
Thanks
pipstar
Sep 16th, 2009
hi there , i would like to know what is the minimal amount to run all this ea. Im planing to use it in micro acc with 0.01 lot. If everything goes well then im going to increase my capital
Gabriel
Sep 21st, 2009
Sir,
What are the conditions to apply for managed account service? How much is the fee?
Dennis
Sep 24th, 2009
Hi,
Noticed that the live stats for Thunderbolt EA has stopped on 21Sep09. Any reason why the stats are no longer updating?
The records for the other EA’s are updated. though.
Gagahlin
Sep 24th, 2009
Hello Dennis,
It’s updated now. Start trading again on Sept 24, 2009. At Sept 23, we turn-off the EA because there was an FOMC meeting on that day and the rate decision could cause the pairs to be too volatile to trade.
Lesly
Sep 24th, 2009
Admin,
I set the thunderbolt EA stop trading setting not to trade on today or on the day US FED Rate is released and the EA traded anyway causing me a loss. Your EA was working good until this point, please check the stop trading setting and make sure it works.
Dennis
Sep 24th, 2009
Hi Gagahlin,
No wonder your thunderbolt was not stopped out on evening of FOMC meeting. Looks like live forward test results still do have a certain degree of manual intervention. For benefit of all users (current and potential), could you help clarifiy:
- How often do you manually intervene for each of the EA’s listed above?
- Will ou be advising users which EA’s you are switching off/on in advance? This will better enable us to compare our results with those shown in this website
Ian
Sep 25th, 2009
Hi Gagahlin,
Would you recommend stopping the scalpers on high impact news days that might affect their performance ?
As Dennis requested could you give some detail ?
Can you give some examples of news that we should be careful of on the USD and GBP pairs ? Can we ignore these high impact news events except say FOMC / BOE / NFP announcements / reports ?
It seems there are many big impact news events on GBP next week for example, would you suggest we turn off GBP pair next week to avoid a potential loss or can the algorithm withstand most news events without issues and break even ?
Thanks
Ian
Abel
Sep 26th, 2009
Hi forexBling Team,
I have tried many other EAs on the market this year, some did well,others are scam. and no support at all on any of them. But I bought forexbling because is a subscription base, hoping that you guys would keep it profitable and uptodate when market conditions change and have better support for members when requested and you should get paid for it.
I think is a good Idea that you stop the EAs from trading on big news days from your server as many members may not be familiar when sensitive events may occur due to difference in timezones. particularly, news from America., and like myself, I don’t know much of what is going on in America that may affect the EAs performance on a specific date. Please keep the subscription numbers low.
I am happy to pay the quarterly subscription for your extra bit of work.
Thanks
Gagahlin
Sep 28th, 2009
Hello Ian.
I will give more details later. I still have a lot of work to do this week, we are preparing to launch Evolution-2 and Thunderstorm.
Also writing a report:Forex Bling test on 25 brokers.
Usually I more concern with high impact news that happen in US market trading session, since the Thunderbolt trades after US market close.
If you want to add the scalping EA GBPUSD pair, use risk smaller than EURUSD. Because if you see our forward test, GBPUSD is not as good as EURUSD.
If you want to diversify; also consider to add scalping currency pairs EURGBP & EURCHF using Thunderstorm EA.
Anyway the loss caused by the FED release has been recovered today if you use our recommended setting, see statement report below (from our test on CollectiveFX):
http://www.forexhope.com/mt4/report/Bling-CollectiveFX.htm
Gagahlin
Sep 28th, 2009
Hello Lesly,
I already answered this with our newsletter. I prefer not to trade our scalping EA on the day a major news released; i.e. FED rate release, NFP report, etc.
If you trade using a real money, and you know that during that day the market can be very volatile (like FED release several days ago, FOMC meeting, NFP report):
You should stop the EA from working. (not just Thunderbolt EA but any scalping EA that you may use right now).
=> Don’t take an unnecessary risks of your money.
Anyway, if you run Forex Bling using our predefined setting at ForexBling-BrokerCheck section, the loss should be recovered today.
See our result from CollectiveFX broker below:
http://www.forexhope.com/mt4/report/Bling-CollectiveFX.htm
Brandon
Sep 28th, 2009
i agree with poster above. instead of having customers deal with the days/times to not trade just either hard code the days into the EAs or have them check your servers. servers checks would be more responsive to unscheduled or breaking news in the event of a world event. this would be the best most idiot proof way
i trust Lin’s judgment on when i should not trade his software
news avoidance should be a high priority feature.
Pat
Sep 29th, 2009
Hi Gagahlin,
1. will you recommend we use VPS so that we can run the EA 24 hour all the time?
2. So far from your experience, which VPS is the most reliable?
3. Or what is the best way to run the EA for 24 hour all the time because connection in our own home may be can not achieve 100%?
Thanks
Danny
Sep 30th, 2009
Hi,
For Fractals 4, does anyone know how to only allow the EA to trade the low volatility system? The high volatility system has been causing quite a few losses so I was hoping to switch it off, if possible
Appreciate any advise
Gagahlin
Oct 1st, 2009
We will have new update that have parameter to switch on/off Low Volatiliy or High Volatility.
Gary
Oct 1st, 2009
Hi Gagahlin,
The above discussion about turning various EAs off when market conditions indicate they should be turned off is a great idea.
It would help fulfill what your sales letter promises when it says…
“You do not have to do absolutely anything other than turn on your computer on, connect to the internet and run the software.”
When do you plan to implement this?
Danny
Oct 1st, 2009
Hi Gagahlin,
Great to know that you will have update for Fractals 4 to switch on/off Low Volatility or High Volatilty. Would you also be able to address of risk parameters for each system?
Currently:
- High Volatility System is controlled by Risk parameter. (i.e. percentage of equity to risk per trade). Would be great if you can offer option to use fixed lot sizes defined by user.
- Low Volatility System controlled by the Aggressiveness Parameter. However, I’m not sure how the Aggressive setting translates to lot size and risk per trade?
- Might want to have a separate Risk setting for Low Volatility System and a fixed lot size option as well
Hope you can consider my feedback for future updates to Fractals 4
Robert
Oct 1st, 2009
Hi Gagahlin,
EA is not a turn on and leave it if you are turning it off during certain trade times. I don’t mind turning it off, but it would be helpful to know when you are turning it off. And easy start to that is to have a place in your Member’s area or on you Blog area that just shows us the days of the current week that you are not going to trade certain EA’s so we can turn them off when you have them off. That would be very easy to do to just keep us informed by blog or member area when you are turning the ea’s off. You mentioned that you were going to do this—when will this be implemented?
Thanks
Trokhon
Oct 1st, 2009
I would like to use Bling on more than one demo account for testing different brokers.
Although using the correct registeredAccountNumber I get many times a day Error connecting to server messages
Is this a server problem or is it a problem with more than one demo using same key?
Is the EA than not working in case of that error?
Does anyone else have this problems?
Wann
Oct 4th, 2009
Maybe it is simply the weekend and they have familes to attend to? Seriously, they have a great product but I’ve noticed everyone has an opinion when it comes to EA. They want to add an indicator here or a MA there to “filter” out more of the bad trades. This is needless meddling. This stuff works – if u let it. Of course you will get bad trades on occasion and as far as breakouts are concerned, you will get many. The key is not to risk so much and hope to catch the big ones with the trailing stop. Besides, FX Bling has an EA for every market condition. You can simply copy their basket settings to get their results.
Happy Trading
romeo
Nov 13th, 2009
One low risk basic trading system I do miss in your EAs-collection. It is the pair-trading strategy. Is there a reason you did not implement it yet?