AlfaForex
Filed Under (EA System, Journal, Performance) by Casey on 20-05-2009
Tags: AlfaForex, Alpari, Forex VPS, FXOpen, MT4, Murphys Law
It’s time to post something about this EA. I have not only demo tested this EA but have also put it live. So it’s worth to write something about it.
Gawd dang!! This is one good EA!!
I think I shall let these images do the talking… and me adding some comments here and there…
Now this image is a demo test on Alpari. I initially tested USDCAD and BLOODY HELL!!! Don’t you think this should go live?!? Well, my thoughts exactly… this went live of course..
On the EA properties, it does recommend another currency pair EURCAD but the site does not seem to advertise this currency pair to trade… So I had to demo test it first, again this is from my Alpari demo account. Interesting so far no?? Let’s just see how it performs this week, and I’ll probably put this currency pair on live next week on my Alpari.
Not, being satisfied by trading this EA sucker solely on Alpari alone, I had to try it out of FXOpen… this time on both currency pair USDCAD and EURCAD. Whatelse can I say….
So far this week… this is how AlfaForex perform on my live account… (The top is a manage account while the bottom is my personal account) Now both these Alpari account is sitting on my VPS and something just doesn’t click here…
Today, there were some trades taken on my manage account but not only personal account…. huh?!? Don’t really know why. I checked the expert and journal on my MT4, but nothing shows. No alert, no indication that Alfaforex was trying to make a trade…. Funny…
Oh well… AlfaForex rocks so far for me… *fingers cross* but somehow I really don’t want to shoot myself in the foot here. Funny how sometimes when one start to talk good about certain things, that particular thing would somehow breakdown, or give you some $hit… Something to do with Murphy’s Law or some funny law someone thought about in their free time….
We shall see….
Oh… an another thing… this EA is selling for $725!!!
I really don’t know if it’s worth it… but this EA has already flooded on the freebies zone. Now the EA author has been promoting his EA vigorously on forums. Giving away a promotional offer….
Alfa Forex EA – The Best Fully Automated Forex Trading Software (http://alfaforexea.com)
Expert Advisor Specification:
* Type: scalper
* Trading Pair: USDCAD
* Time Frame: M5
* Automated Risk Scaling
* High Spread Protection System
* High Trading Activity (10-20 trades weekly)
* Extremely Profitable (over 80% Profit trades)
* Automatic, 100% Hands Free
* No Experience Needed. Easy To Set Up
* Removes All Stress And Emotion From Trading(The Full Report is available at: http://alfaforexea.com)
Special promotion for the first 50 new customers
Enter Promotion Code and get Extra Bonus!
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Promotion code: 5RBP1V3bS
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With these promotional offer, you get it at $199.00. As I mentioned he seems to be promoting it on quite a number of forums and platform…. You can check it out and see….
But some plonker has already got it on the ebay market in Germany…. and it’s selling for USD49.99. Don’t know if it’s the same guy… cause this guy is a powerseller man….
the reason why it didn’t take the trade could be a to high spread at this moment. the original demo version offers this info on the screen.
same happened to me too. on one broker it opens, on the other not. so watch out which broker gives the better trading environment
Did you have to edit any setting with a 5 digit broker with this EA. If you did have to add the flying zero’s which inputs. Some I dont know what they are.
Hi
are you uploading to the experts advisers area?
cheers!
Onur… Both of these are live alpari account hosted via the same server… (I believe) If you look at the two images… the trade taken are very similar.
But then later in the evening on the 19 May… only one of my acc took the trade… but not the other. So how could it be spread….
On the other hand… the only differences between these two account is the deposit currency… One is in USD while the other is in EUR. But there should not be two different spread for two different currency account no?
Robert… I guess you got your version on the freebie zone huh…
The demo that I got came with the manual…
And sorry Airplus… I am holding this EA out for keeps… it’s too good to be giving it away so easily….
No just kidding… I thought I did uploaded it but I guess I did not… will do it soon…. That would also answer Roberts questions… The manual is included with all the necessary zero’s to be inserted for 5 digit account.
Especially Alpari UK is one of the few brokers with more than 1 live servers,actually 4 i think… so do the math…
u can easely chek this out with a click on the light/dark green bars on the right lower corner of the platform, but still u will not know wheter they always on same or diferent servers or not, bc they switch platform connection sometimes from one to another.
has anyone done some backtesting with this ea yet?
my results were not too good to be honest. i started with a 1000 euro account balance and ended up with 1050 euro since 01st january 2007. not a good return, but maybe there is a mistake in my settings. would be good to see other backtesting results.
cheers,
hawo
Nope I did not do the backtest… Demo tested it only…. Should I…
Yes Casey , u should. Its your money u gonna lose… USD/CAD is not worth to trade over the last 2 years. Meantime EUR/CAD performed excellent .
Just my 2 cents…
Thanks Casey, but I already got it from the seller from Germany on ebay!! Let’s see how it goes on Monday
Thanks for tip!!!
After my back test, I have all negative trades. All in the range of -19.00 usd or so on .3 lots. Now is this demo version of the EA the same as the full one? It appears its trading backwards!
Onur .. what do you mean USDCAD is not worth trading? its one of my best and most profitable pairs. It all depends on what swimming pool your swimming in and what sharks are circling. 15m cad is far more profitable for me than 15m eurgbp for example on a win-loss ratio for last 5 weeks.
Onur. if you like trading eurcad theres a program called Chinchilla by bjf group which i have traded and has made money. Little bit slow but been steady.
USDCAD is not worth trading regards the alfaforex system
guys, what is the best setting for this robot ? I am trying H1=21 to h2=0 for now
Price $725? with that negative result on this comment area? Give me a break!
Any update on this EA?
Erm… nope…. Have not touched it for a long time now…
The price of your EA is toooooo much, compare to other working ones.
Go & work on your self, ehnnnnnnnnnnnn
@Tj… Erm… I don’t know if that comment is intended for me or to Alfaforex developer… I will think it’s the later…