Which
Secrets From The Heart Expert Advisor is Right for Me?
All
products, guides and support are provided in English only!
Our
approach to running EAs may be different than most you
will run across. Because the currency market is so
inconsistent, we consider EAs to be trading tools and most
of them should not be run non-stop with the exception of
swing traders. While we realize Forex traders want a 'Holy
Grail' EA to run non-stop and act like an automated cash
generator, because of the market inconsistency, this
mindset is unrealistic.
We at SecretsFromTheHeart.com do what is called 'event
filtering'. In following the historic results of activity
after specific news releases we have learned the more
optimum times to run each EA. So each weekend we review
the upcoming releases, take into consideration other news
and events not on the calendar to determine which EAs to
run for the week and when to start and stop them. We tell
our clients how to do this in the Success Guide for each
EA so they are not just dependent on our analysis.
To
say which EA is best would depend on the traders
preferred style of trading, level of risk, account
balance, leverage, tolerance for drawdown and whether they
prefer to be trading all the time or just the prime times
according to recommendations for each EA. Most of our EAs,
except Cruisin, and AO Blitz should not be traded during
high-volatility events. Clients are advised on which ones
and how to filter these events. The FX News Raider does
trade the NFP release but not during or immediately after
the release to avoid broker slippage.
AO_Blitz
is a trend following swing trader based on daily
chart. OK to have in the background but the trades are
open so long that most people would not use it as their
main EA. It takes signals from the Awesome Oscillator and
the user can select 2 different ways the signals are
generated. Take Profit, Stop Loss and Trailing Stop Loss
are all set up as options and values are kept stealth,
hidden from the Broker. Since the client can set the lot
size and the EA will only place one trade at a time, this
EA can be run on nearly any account size, even as small as
a micro account with $100 balance. Typical Take Profit is
50 pips and Stop Loss is 60 pips. Available in the SFTH
VIP Area only, at this time.
Breakout
Grid Trader
is a hedging, martingale-based trend following trading strategy.
This EA is meant to be profitable when the market is
trending, not stuck in a range to too long. The
recommended settings in the guide limit the max lot size
to 1.2 for a mini account, or 0.12 for a micro account,
which would be a total of 4 open positions (lots: .1,
.3, .6 and 1.2 on the mini). Recommended balance for a
mini account running as the demo would be $10,000. So
about $900 - $1000 for a micro account.
Cruisin- is a trend following swing trader based on weekly
or daily charts. OK to have in the background but the
trades are open so long that most people would not use it
as their main EA. Minutes were also added to this EA so it
can be used on a shorter timeframe during good market
movement, once the user understands how it works. I give
precise details to clients of how the EA takes it signals.
Since the client can set the lot size and the EA will only
place one trade at a time, this EA can be run on nearly
any account size. Trades are open longer then other EAs
since it is a swing trader, so I would allow a minimum of
$500 on a micro account; adjust accordingly for other
types of accounts. Available in the SFTH
VIP Area only, at this time.
FxNewsRaider
is a trend following system and EA and only places 1
trade at a time per pair. This system was designed to
trade the NFP news but not the release; this way the user
should never experience slippage, re-quotes and poor
broker fills. This system can also be used during the
month on other events, typically a few times per week. It
has shown success on 8 pairs and would likely work on
others. I give precise details to clients of how the EA
takes it signals. In
the VIP area clients are informed on how to manually trade
this system on NFP releases. Since
the client can set the lot size, determine the number of
pairs to run on and the EA will only place one trade per
instance at a time, this EA can be run on nearly any
account size, even as small as a micro account with $100
balance;
adjust accordingly for other types of accounts.
HeikenGale
Pro and Demo versions. Based on signals taken from the
Heiken-Ashi Smoothed Indicator. In the Pro version trades
can be placed counter-trend or with the trend. The EA can
be set up to trade martingale based or not. This EA has
many of the same great features as the Paradise and
Trumpeter 2nd Generation EAs. The Success Guide
has 3 different detailed setups as a starting point. The
Demo version, in the VIP Area, only trades counter-trend
martingale. Recommended balance for a mini account running
as the demo would be $12,000. So $1200 for a micro
account.
Paradise-
can be traded a myriad of ways. It mostly trades counter-trend,
scaled-down martingale with good account protection to
prevent big losses. I recommend a higher leverage (200:1
or better) and larger account balance to sustain the
market movement to close trades. This EA has options to
hedge or not or follow a trend based on several filters
with or without hedging and options tohandle open trades several ways when direction
changes. Trades are placed in a counter-trend method with
increasing lot sizes to improve profitability. How the lot
sizes increase is user defined and the default is less
than doubling. There is also a trend following method
which will typically
have less drawdown then the hedging method. The EA has
numerous features to adjust to be able to sustain larger
market moves, filter out no trade times and a lot more. There
is a MaxLoss value within the EA to protect account
balance from a large loss. However, if the value is too
small to not allow the EA room to work, then it will get
hit more frequently, eating up profits. Recommended
balance for a mini account running as the demo would be
$15,000. So $1500 for a micro account.
Note
after years of testing, running this EA and working
with clients, we have concluded that clients will
typically work with the EA to determine how they are most
comfortable in running the EA on the pair they decide.
This is why we dont continually update results on the
website because when we do run the EA it is mostly in
testing out new features and settings. In the Private
Client area we offer quite a number of setups for clients
to work with in their own testing.
PipBandit- a counter-trend grid-based EA, only 2 lot sizes, trades the
most quiet times, works with Eur/Usd, user sets max
trades but recommended max of 4. It is based on
stochastics and 2 moving averages and trades about 9
hours a day and only 1 direction at a time (buy only or
sell only). The grid spacing is now dynamic, internally
calculated by the EA. For highest profits, some event
filtering is recommended. This is detailed in the
program guide and trade calls are also posted weekly
inside the SFTH VIP area. Recommended minimum balance
for a mini account running would be $5,000. So $500 for
a micro account.
PipMania
- This is more of a scalper, will only place 1 trade at a time,
low drawdown, risk set according to users choice,
recommended 5-12. This EA only trades a very limited # of
hours, typically only 2 or 3 hours a day. It works best on
pairs with low spreads and quiet market times. Best
results I am getting are with the Eur/Usd, but I have profitable setups for several pairs.
For highest profits, some event filtering is recommended.
This is detailed in the program guide and trade calls are
also posted weekly inside the SFTH VIP area. Recommended
minimum balance for a mini account running as the demo
would be $1,000. So $100 for a micro account. There is
optional money management coding in the EA to determine
the Lot Size based on a risk percent. Results will vary
between brokers so if your broker gives less than
favorable results, please consider switching. The EA has safeguards built into it so it will
not trade if the spread is over 4 pips and only places 1
trade at a time.
Targeted
Pips
is a hedging, martingale-based trend following trading strategy.
This EA is meant to be profitable when the market is
trending, not stuck in a range to too long. The
recommended settings in the guide limit the max lot size
to 1.2 for a mini account, or 0.12 for a micro account,
which would be a total of 4 open positions (lots: .1,
.3, .6 and 1.2 on the mini). This EA trades similar to
the Breakout Grid Trader but the entry signals are
calculated differently. Currently this is being run on a
weekly timeframe, though the client may change this. The
client may also change the maximum number of open trades
allowed. Recommended balance for a
mini account running as the demo would be $10,000. So
about $900 -
$1000 for a micro account.
Trumpeter
- Counter-Trend, scaled down martingale with good account
protection to prevent big losses. This EA is based on
stochastics signals. This EA has the grid spacing and
take profit dynamically calculated. Recommended to trade
only part of the week (detailed in Trumpeter Success Guide
and in Private Client Area on Trade Calls page). This EA
never uses hedging. Similar to Paradise, it is best for
higher leverage (200:1) and larger account balance to
sustain the market movement to close trades. Trades are
placed in a counter-trend method with increasing lot sizes
to improve profitability. How the lot sizes increase is
user defined and the default is less than doubling. The EA
has numerous features to adjust to be able to sustain
larger market moves and filter out no trade times. The
main account is running 7 pairs at oncebut due to
limitations within the EA, they may not all be trading.
Running fewer pairs would decrease the Margin Used and
typically the Max DrawDown. Recommended minimum balance
for a 200:1 mini account running as the demo would be
$20,000. So $2000 for a micro account. I have run the EA
on just 1 pair with a small balance but this is not my
recommendation. The EA has to have room to work.
There is a MaxLoss value within the EA to protect account
balance from a large loss. However, if the value is too
small to not allow the EA room to work, then it will get
hit more frequently, eating up profits. Trade Calls are
posted each week to let clients know how we are running
the EA.
Beginnerreferring to someone that doesn't have a whole lot
of Forex experience, doesn't monitor news events but still
has a working knowledge of the MT4 platform and loading
and running EAs, even though I provide info on that.
Intermediate is
someone knowledgeable about news events and their basic
importance, has knowledge of running the strategy tester,
more in tune knowledge of leverage, margin and margin call
limits, understands changing settings and will take the
time to read and follow guidelines for the EA.
Advanced would be
someone who has the previous prerequisites but is intent
on working with an EA to not only thoroughly learn it but
dovetail it to work to their best advantage.
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