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Krasimir Ivanov
Friday
Amazing! Thanks a lot Lachezar!
Lachezar Krastev
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We are an experienced team of professional Forex traders with more than 15 years trading experience, 12 years in developing automated trading systems.
We are a team of dedicated investors, active Forex traders and programmers focused on one goal: develop, research, test and reveal Forex trading strategies and systems, so that every Forex trader can benefit from it.
We are proud of our solid track record of creating intelligent EAs that outperform expectations.
Our customers are consistently thrilled with the performance of our trading systems and have set the same high standards as we do. We insist that our EAs work with minimal configuration and reliable performance.
We had superior strategies for dominant market trend trading, highly volatile small spread trading, and countertrend trading. We had built each of these three strategies into our popular EAs.
Our Expert Advisors are а result of THOUSANDS of hours of design, testing, and refinement.
We love it when we can provide our customers with their dream Forex system. That's why we have the best and most creative people in the industry on hand to design and build exactly what you want.
We use only tested, logical systems with rock solid logic and will give you an edge while trading the market. The use of modern technologies and practices has helped us achieve being on top of our trading methods. We continue to push the limits of what our trading methods are capable of achieving and we are glad to be able to share our methods and knowledge with other people around the world.
Our best and most popular trading systems are:
WallStreet FOREX Robot: https://www.wallstreet-forex.com
WallStreet ASIA: https://www.wallstreet-forex.com
Volatility Factor 2.0 Pro: https://www.volatilityfactor2.com
Forex Diamond EA: https://www.forex-diamond.com
Forex Trend Detector: https://www.forextrenddetector.com
Forex Combo System: http://www.forex-combo.com
Forex GOLD Investor: https://www.forexgoldinvestor.com
We are a team of dedicated investors, active Forex traders and programmers focused on one goal: develop, research, test and reveal Forex trading strategies and systems, so that every Forex trader can benefit from it.
We are proud of our solid track record of creating intelligent EAs that outperform expectations.
Our customers are consistently thrilled with the performance of our trading systems and have set the same high standards as we do. We insist that our EAs work with minimal configuration and reliable performance.
We had superior strategies for dominant market trend trading, highly volatile small spread trading, and countertrend trading. We had built each of these three strategies into our popular EAs.
Our Expert Advisors are а result of THOUSANDS of hours of design, testing, and refinement.
We love it when we can provide our customers with their dream Forex system. That's why we have the best and most creative people in the industry on hand to design and build exactly what you want.
We use only tested, logical systems with rock solid logic and will give you an edge while trading the market. The use of modern technologies and practices has helped us achieve being on top of our trading methods. We continue to push the limits of what our trading methods are capable of achieving and we are glad to be able to share our methods and knowledge with other people around the world.
Our best and most popular trading systems are:
WallStreet FOREX Robot: https://www.wallstreet-forex.com
WallStreet ASIA: https://www.wallstreet-forex.com
Volatility Factor 2.0 Pro: https://www.volatilityfactor2.com
Forex Diamond EA: https://www.forex-diamond.com
Forex Trend Detector: https://www.forextrenddetector.com
Forex Combo System: http://www.forex-combo.com
Forex GOLD Investor: https://www.forexgoldinvestor.com
Lachezar Krastev
| 2018.06.08
The “greed-panic” cycle in trading with EAs
One of the biggest enemies of the trader is the human nature. The so called “greed-panic” cycle is a psychological phenomenon which lies at the heart of most failures from the time markets and trading started to exist. It is interesting that this phenomenon is one of the reasons why many people fail to gain profit even when trading with a reliable trading system that is profitable in the long run.
One of the biggest advantages of trading with automated trading strategies (EAs) is that our mentality is involved to a limited extent. And yet it plays a certain role. Although we may be able to fight the urge to intervene in trades, it is even harder to resist the “greed-panic” phenomenon and here is why. Many traders start using an EA when it is at its peak performance and the equity curve is skyrocketing. Sadly, this is often the exact moment when a drawdown comes in. Even the greatest trading system has its bad periods and when these occur, many traders just throw the system aside, because they are not committed enough to resist the “greed-panic” cycle. A great example in this respect is the attached image to this post. The latter is positively a very good system with high long-term profitability and uses very reasonable stop loss levels. On the equity curve, we can pinpoint several clearly defined points which correspond to “greed-panic” cycle points. Many of the system’s users started taking unreasonable risks in point 1 and then dumped the system in point 2 just to witness its quick recovery. As our example demonstrates, up to know, this cycle has occurred once more. Despite all that, the system recovers after each bad period and will keep recovering in the future, because it implements a solid trading logic and uses a proper risk management strategy.
So, what can we learn from that?
1. Do not get overly excited when your trading is showing fantastic results. Keep calm and maintain a reasonable risk level, because the “rocket” mode will not last forever.
2. Do not panic when your system falls into a bad series. If you have a good and reliable trading system, stick with it - it will recover sooner or later and you will be rewarded for your patience and self-control.
3. Remember! Risk management is the key to successful trading. Wise risk management is what keeps you in the game!
One of the biggest enemies of the trader is the human nature. The so called “greed-panic” cycle is a psychological phenomenon which lies at the heart of most failures from the time markets and trading started to exist. It is interesting that this phenomenon is one of the reasons why many people fail to gain profit even when trading with a reliable trading system that is profitable in the long run.
One of the biggest advantages of trading with automated trading strategies (EAs) is that our mentality is involved to a limited extent. And yet it plays a certain role. Although we may be able to fight the urge to intervene in trades, it is even harder to resist the “greed-panic” phenomenon and here is why. Many traders start using an EA when it is at its peak performance and the equity curve is skyrocketing. Sadly, this is often the exact moment when a drawdown comes in. Even the greatest trading system has its bad periods and when these occur, many traders just throw the system aside, because they are not committed enough to resist the “greed-panic” cycle. A great example in this respect is the attached image to this post. The latter is positively a very good system with high long-term profitability and uses very reasonable stop loss levels. On the equity curve, we can pinpoint several clearly defined points which correspond to “greed-panic” cycle points. Many of the system’s users started taking unreasonable risks in point 1 and then dumped the system in point 2 just to witness its quick recovery. As our example demonstrates, up to know, this cycle has occurred once more. Despite all that, the system recovers after each bad period and will keep recovering in the future, because it implements a solid trading logic and uses a proper risk management strategy.
So, what can we learn from that?
1. Do not get overly excited when your trading is showing fantastic results. Keep calm and maintain a reasonable risk level, because the “rocket” mode will not last forever.
2. Do not panic when your system falls into a bad series. If you have a good and reliable trading system, stick with it - it will recover sooner or later and you will be rewarded for your patience and self-control.
3. Remember! Risk management is the key to successful trading. Wise risk management is what keeps you in the game!
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Lachezar Krastev
Published product
| 2018.05.31
All genius things are elegantly simple. BF Smart Scalp EA is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse, after a reasonable correction is detected. In the core of this trading principle is our deeply encoded human psychology, which will never change. Our goal was to keep BF Smart Scalp EA as simple as possible in order to prevent the curve-fitting, which is the biggest enemy of the EA...
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Gary Goldman
2018.06.02
Lachezar, can you send me all the presets for other pairs that BF Smart EA trades? Thank You, goldrush2@att.net.
jojoebar45
2018.06.07
I test run EA on real account.But cannot open trade.
Your EA can run on real account? please send setfile and EA to can run really. to joeforexpro@gmail.com
Your EA can run on real account? please send setfile and EA to can run really. to joeforexpro@gmail.com
Lachezar Krastev
| 2018.05.29
BF Smart Scalper EA product Page: https://www.mql5.com/en/market/product/29661 ****** For the set files, please scroll to the bottom...
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Lachezar Krastev
| 2018.05.22
The importance of the Risk Management
The risk management is probably the major aspect of the forex trading.Poor risk management could made of a profitable trading system a disastrous one, while a proper risk management could transform a poor trading system in a profitable one.
Many people start using default 0.1 standard lot on $200 even $100 accounts. Some experienced traders do this with a clear purpose in mind, but most of the inexperienced traders just don’t realize the level of risk involved. In more than 50% of the cases, such a risk level is equal to account loss, that is, even with a great trading system.
So, how to manage risk wisely? – Generally speaking, if you are looking for long-term success, you should not risk more than 5% from the account balance in a single trade, no more than 10% on a daily basis, and no more than 20% on a weekly basis. If the trading system opens multiple trades, you should consider this carefully and reduce the risk per trade accordingly. It is very useful to perform backtests and check the historical drawdown of the trading strategy you use.
Let’s say that the historical drawdown in a backtest is 500 pips. Double this number, preparing yourself for a 1000 pips drawdown, and calculate the risk level to avoid losing more than 30-40% of your account in such a case. In the best case you will have a system with three or even more years Real-Money Account, verified performance with a track record of thousands of trades. In this case, you can get all the stats you need and and make highly objective risk calculations.
To optimise your risks/rewards, the rule of thumb is to maintain a 5% risk per trade for one-trade-at-a-time systems and a 0.5-1% risk per trade for multiple-trade systems.
Remember – the risk level is a relative concept! A universal, one-size-fits-all risk ratio does not simply exist. While a 5% risk per trade sounds perfectly reasonable to retail traders, this level of risk is considered insane by institutional traders.
So, give careful thought to the level of risk you are prepared to handle, taking into consideration the importance of the capital you manage. If the funds you manage are of significant importance to you and/or other people, you should by all means reduce the risk you take accordingly.
Main points:
Use the leverage that the broker provides you with cautiously! The leverage is more of an enemy than a friend. High-leverage trading is the number one reason for bankruptcies.
The risk management is probably the major aspect of the forex trading.Poor risk management could made of a profitable trading system a disastrous one, while a proper risk management could transform a poor trading system in a profitable one.
Many people start using default 0.1 standard lot on $200 even $100 accounts. Some experienced traders do this with a clear purpose in mind, but most of the inexperienced traders just don’t realize the level of risk involved. In more than 50% of the cases, such a risk level is equal to account loss, that is, even with a great trading system.
So, how to manage risk wisely? – Generally speaking, if you are looking for long-term success, you should not risk more than 5% from the account balance in a single trade, no more than 10% on a daily basis, and no more than 20% on a weekly basis. If the trading system opens multiple trades, you should consider this carefully and reduce the risk per trade accordingly. It is very useful to perform backtests and check the historical drawdown of the trading strategy you use.
Let’s say that the historical drawdown in a backtest is 500 pips. Double this number, preparing yourself for a 1000 pips drawdown, and calculate the risk level to avoid losing more than 30-40% of your account in such a case. In the best case you will have a system with three or even more years Real-Money Account, verified performance with a track record of thousands of trades. In this case, you can get all the stats you need and and make highly objective risk calculations.
To optimise your risks/rewards, the rule of thumb is to maintain a 5% risk per trade for one-trade-at-a-time systems and a 0.5-1% risk per trade for multiple-trade systems.
Remember – the risk level is a relative concept! A universal, one-size-fits-all risk ratio does not simply exist. While a 5% risk per trade sounds perfectly reasonable to retail traders, this level of risk is considered insane by institutional traders.
So, give careful thought to the level of risk you are prepared to handle, taking into consideration the importance of the capital you manage. If the funds you manage are of significant importance to you and/or other people, you should by all means reduce the risk you take accordingly.
Main points:
Use the leverage that the broker provides you with cautiously! The leverage is more of an enemy than a friend. High-leverage trading is the number one reason for bankruptcies.
· 4
Lachezar Krastev
Published product
| 2018.05.21
Market Insider is an excellent indicator for scalping the trend and also trading market breakouts and reversals. It is based on a ATR measured volatility channel and the CCI indicator.
The green trend line and green bars indicates an uptrend and the red trend line and red bars indicates a downtrend. An intensive price breakout of some of the trend lines indicates a market breakout and a potential new opposite trend. In choppy-range behaving market and in low liquidity conditions the breakout...
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Lachezar Krastev
| 2018.05.21
How to choose a forex trading system wisely?
Many traders don't spend enough time researching the EAs market. Sadly, the EAs market is flooded with SCAMS - 90% of EAs are sold by marketers instead of traders and developers. Because marketers know how to attract your attention with big words and promises, many people fall into this trap.
What should you do?
Look at the results, do not listen to words only. Backtests are good, but live results are the only thing that matters. Look for third party verified results. Look for a long enough performance record - at least six months or more. Pay attention to the balance curve - if it is completely flat, STAY AWAY – it means that this is a "no-stop-loss" system, "martingale", or just another reckless system!
A healthy EA equity curve looks like a nice market trend - it goes up, but has some corrections/drawdown periods as well. Look at the number of trades - less than 100 trades is not representative enough. As a final step, look around in forums to check up on the reputation of a vendor and its products.
Many traders don't spend enough time researching the EAs market. Sadly, the EAs market is flooded with SCAMS - 90% of EAs are sold by marketers instead of traders and developers. Because marketers know how to attract your attention with big words and promises, many people fall into this trap.
What should you do?
Look at the results, do not listen to words only. Backtests are good, but live results are the only thing that matters. Look for third party verified results. Look for a long enough performance record - at least six months or more. Pay attention to the balance curve - if it is completely flat, STAY AWAY – it means that this is a "no-stop-loss" system, "martingale", or just another reckless system!
A healthy EA equity curve looks like a nice market trend - it goes up, but has some corrections/drawdown periods as well. Look at the number of trades - less than 100 trades is not representative enough. As a final step, look around in forums to check up on the reputation of a vendor and its products.
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Lachezar Krastev
Published product
| 2018.05.11
The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend...
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Lachezar Krastev
Published product
| 2018.04.23
The logic behind BF Scalper EA is very simple but effective - the EA uses breakouts of the Bollinger Bands for entry and exit signals.
Reasonable stop loss levels vary between 20 and 60 pips.
You can use small fixed TP between 4-8 pips or leave the exit logic to take care of the position.
The exit logic is also based on the BB indicator and it will close the trade even on a loss when the price is near or breaks the opposite BB line. This is commanded by the BandBreakExit parameter which...
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Lachezar Krastev
| 2018.04.19
BF Scalper EA Product Page: https://www.mql5.com/en/market/product/28919 IMPORTANT: To all BF Scalper EA users - we strongly recommend using StealthMode=true. The logic behind BF Scalper EA is very simple but effective - the EA uses breakouts of the Bollinger Bands for entry and exit signals...
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