Ed's Price Action EA: Expert Advisor Forex Robot

Hi, my name is Ed Crivello.

For those of you who are new to Forex and have no idea what Forex is, or what a forex robot is, the info in my website will give you a general overview about Forex.

Forex (foreign exchange) is the trading of currencies online which you can do directly from your home computer if you have an internet connection.

The following pages on my website will give you an overview of Forex and what Forex trading is like in relation to managing your money:

What is Forex?

Understanding Money Management

VPS and Latency

Installing MT4

Ed's Price Action EA DEMO

Try Ed's Price Action EA forex robot free for 30 days.

The demo version can be used on demo accounts only.

You will need to buy the EA if you want to use it on live accounts.

What is an Expert Advisor (Forex Robot)?

Since trading can be long and tedious if you do it manually, and if you live in a time zone outside the most active trading hours, there are other ways you can trade in Forex.

One way is you can attach a Expert Advisor (EA), or forex robot, to your trading platform so it can place trades for you even while you sleep.

I sell high quality expert advisors which will earn you money as long as you don't risk too much.

An expert Advisor in Forex is basically a robot (hence the term "forex robot" or a piece of code that you install on to trading software so it can place trades for you.

All my forex robots are versatile MT4 expert advisors which can be adjusted in a variety of ways to place automatic trades for you.

The EA's will place trades in your Forex MetaTrader 4 (MT4) account whether your broker is a dealing desk broker, ECN, STP, 4 digit or 5 digit broker.

Getting Started in Forex Trading

To get started in Forex trading you need to:

You can practice trading on a demo account that comes complete with virtual fake money. You can also set up any of my EA's on a demo account.

When you are ready to trade live you will need to deposit money into your broker account which will then show up in your trading platform, and can be used for making live trades. The amount you can deposit varies from broker to broker.

Choose any currency pair or pairs to trade (such as EURUSD). (All my expert advisors will trade most currency pairs, but it is best to use them only on 1 or on a few low spread currency pairs if you have a very small deposit such as $500, or $1000 etc.)

If you would like to trade manually it is a matter of learning when to click the buy or sell button at the right time. (Details regarding buying and selling currency).

If you are planning to purchase any of my expert advisors, and you want them to be online around the clock, you can sign up for VPS (Virtual Private Server) so the expert advisors can be available online around the clock even when your computer is off.

Live Demo Test Results for Ed's Price Action EA

Click the image for details

Click the image for details

I used different default settings in both demos, but they are somewhat similar settings.

Initially I started off in February with about 7 demos each using a different combination of settings. Over the months I eliminated the worse performing combination of settings, and now I am left with the two best performing demos.

The above demos have been running since February 2, 2012. The EA is loaded on 7 currency pairs, and is trading the first 6 hours of the Austrailian/Asian session.

The EA is using an optional martingale strategy (which you can adjust and/or turn off).

Since martingale is turned on in the inputs, when there is a buy signal the EA triggers a initial buy order, and then 4 buylimit orders below it are placed 10 pips apart from one another.

As each buylimit order is triggered the lot size is increased...until a take profit is hit if price retraces 10 pips, and then they all close (winners and losers, but you end up ahead since the lot size increased from trade to trade).

The only time you can get a overall loss is when all the limit orders are triggered and price never retraces, and instead hits stop loss below the last buylimit (or above the last selllimit).

When you see a dip in the graph this is when all the limit orders were triggered and price hit stop loss and closed them all in loss.

So you don't want to use a huge initial lot size.

Stick with 10 cents a pip initial lot if you have a small balance.

Where are the REAL MONEY STATS?

If you are wondering where my live REAL MONEY ACCOUNT results are, I am waiting for the account to build history with Ed's Price Action EA which I started testing on May 6th with the settings used to get the results in the top chart.

Unfortunately one week after I started using the EA on my live $633 micro account, you will notice a huge dip in the first graph (see above) which was on May 14/15 (Greece crisis), and this caused my live account to lose $60 (now 10 days later it is back up to $632).

Over the months I used my live account for manual trading too, as well as for testing other EA's etc. so it has history not related to Ed's Price Action EA.

In time I hope to eventually show the results of my live trading account only after the history of Ed's Price Action EA builds up in it.

Click Here for more Details about Ed's Price Action EA.

Payment Options

After successful payment you will automatically be emailed a link to a registration page where you can create your own username and password for accessing the members area where you can download the zip file containing the EA exe installation file.

After you dowload the zip file to your computer, and extract it, and click on the installation file, a registration window will pop up (where you can add your EA license and password, name and email address) at the end of the EA installation process. (Click to Watch EA Installation Video.)

The EA you purchase are NOT limited to one live account or one demo account, but it is limited to 3 computers.

The EA is licensed for 370 days, but can be freely renewed year by year at no cost, unless you desire a lifetime license right away which will be a onetime fee of $8.

You will never be charged for any updates.

Ed's Price Action EA
$99

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