Help! I Can’t Place Any Trade On EternalFX!

eternalfx-7-5-2013 6-58-10 AM

Do any of you experience any issue to place an entry in EternalFx? Well, I did too.  I contacted one of the IB and he informed me that we need to choose the pair with an extra dot behind it to place an entry. So I did and there’s no problem to place an order ever since.

For those of you who haven’t open an account, you can request for a $10 no deposit bonus from EternalFX and withdraw up to $200 from the profit that you made with them.

For Malaysians, we can deposit and withdraw through the local bank by contacting any of the IB listed on this contact page.

Good luck.

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Get $10 Free No Deposit Bonus From EternalFx

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For those of you who are always in the lookout for freebies, and if you happen to be a forex trader, then you’re in for a treat!

There’s a newly launched forex broker and I was lucky to be among the first few to give it a test drive.  You can visit EternalFx and sign up for an account and claim the $10 no deposit bonus that they give away.

All you have to do, is to sign up (please use my link so I can get some commission!)for an account and submit the following details to promotions@eternalfx.com

  • Your name
  • Email Address
  • Phone number

You will also need to verify your identity by attaching a scanned copy of your identification document.

It’s that simple. You can expect to receive your bonus within the next 24 hours.

You can withdraw up to $200 from the profit if you managed to grow the account without depositing any additional fund into the account.

Some of the features that I find interesting with this broker is, it provides several different trading platforms, which includes, Metatrader 4, browser based platform, phone based trader for android and ipad user.

For Malaysians, you can contact any of the IB listed on this page for deposit and withdrawal purpose.  We can deposit as low as $5 and withdraw as low as $1.

The leverage is available up to 1:500 and it’s a 5 decimal platform. Sign up for an account with EternalFX today and claim your free $10 today.

Why Is IKTrust Showing Different Price Compared To Other Broker?

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I have been trading forex using Instaforex all this while. I decided to try IKTrust when the IB that I deal with for deposit and withdrawal (instaforex.my) got terminated as part of Instaforex representative office in Malaysia.

I thought I was the only one who noticed this, but a fellow trader uploaded this price comparison picture on facebook and sparked a discussion , I noticed there’s a huge difference between the price that I can get from IKTrust and other broker.

I do not know much about the real market price from major brokerage, but the explanation given by Mr Anuar do makes sense. You can take a look at the video and see for yourself how the price of most MT4 platform are actually marked-up.

You can share your opinion and leave a comment below. Let me know what you think about IKTrust.

Backtest & Forward-testing EA

I was juggling between bidding for projects on Freelancer.com and doing backtest and forward-test for EA that I use for my trading. I still haven’t found the right method on how to do the right adjustment on the EA so I can leave the robot by itself on a VPS and stop trading by or before Friday.

2Junebacktest

The screenshot that I posted above is for backtest for 2 months running non-stop from January to February 2011 for EUR/JPY.

I am having a hard time doing backtest for this EA because the technique involves hedging and it will continue to open new positions unless if it is removed from the chart or if the MT4 is disconnected from the Internet.. Which means it can be a disaster if the EA is left to run and still have open positions during the weekend. I will try to edit this by myself and find out how to prevent it from opening new positions after the last position on Thursday hit TP.

I am going to get a VPS soon and load the EA once I have found the right setting and modification.

The screenshot that I posted above is for backtest for 2 months running non-stop from January to February 2011.

Trying New Broker – IKTrust

I just want to do a short update promoting a new broker, IKTrust, that I am testing at the moment. Some of you may have used it before.

You can sign up for a new account on http://khusairyfx.iktrust.me/

They are offering 40% bonus upon your deposit and also have local IB in Malaysia so it’s easy to do deposit and withdrawal.

Check them out.

I am also looking for a reliable and cheap VPS where I can host my MT4 and trade using EA automatically. I don’t think this laptop is going to hold up any longer if I keep it online 24 hours during weekdays.

Small Success In Forex

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It’s been more than 1 year plus since I left job as a general manager in the financial trading company and trading forex on my own. I have learn a lot of technique and made friends with a lot of different people in this industry.

Contrary to popular belief, you can actually start trading with as low as $10 deposit. So that explains why I trade from time to time when I have some balance in my account.

I think I have finally found my Eurika moment in forex trading and realize that money management is the most important skill that will determine the success of your trading account in the long run.

I also realize that, shit will happen no matter how good your technical analysis is like. Everyone loss money once in a while in this market, the only difference between a successful trader is the amount of money that you loss when you hit Stop Loss, and the amount of profit you make the profit.

It is better to make a consistent profits with small losses along the way, than making a big profit in one day but end up losing everything the next day.

I have now decided to focus on a simple system that I learn from a great forex trader friend. I did messed up a few times before this when I recklessly overtrade and loss all the profits that I have made for several weeks in just one bad trade. This is the first week I test drive an EA that was developed based on that system and I managed to make a $28 profit. Not a huge amount, but I didn’t have to stay in front of  the computer all the time to watch my positions.

I will update my progress with this EA next week.

You can open an account with instaforex with this link and start trading from as low as $10. Make sure you put my affiliate id – cheekui so I can make some spare cash alright? 🙂 Thanks!

Just 10% Per Day

It’s been a month since I started my 100 day mission. If I followed the plan strictly, I probably would have at least $100 by now. Several bad entries and server issues on the Instaforex server and now I am only left with $30 in the account. I will make sure I follow the plan strictly this time, only 10% per day is required.

It’s public holiday tomorrow and I’ll have plenty of time to monitor the charts. I’ll update the progress thru my Twitter if I don’t feel like posting it on this blog. Good luck to me.