Forex Bling – Fractals Set Up
Another robot that comes with Forex_Bling is Fractals EA and this is given for FREE.
Last week I was lazy to set up the Fractals EA, but I have setup everything just now. I have also increased the lots from 0.01 to 0.1. I still need to see how money management works with Forex Bling, I mean there are some recommended settings within the manuals and I need to look at them carefully. The numbers I have seen were 1%, 1.5% and 2% and these complies with proper forex trading account management rules. I know that Forex Bling is different from other robots! I HIGHLY RECOMMEND this robot, and you can test it form 60 days.
This is taken from the product page:
Fractals-4 EA is a Combined High Volatility Breakout Trading and Low Volatility Breakout Trading System.
Many people believe that the markets are random. They believe, like Burton G. Malkiel in his book A Random Walk Down Wall Street that throwing darts at a dartboard is likely to yield results similar to those achieved by a fund manager.
We do not subscibe to such an idea, but truly advocate the idea that focused attention to the market and rigorous analytical activity will yield solid predictions. High Volatility breakout trading systems are based on the premise that if the market moves a certain percentage from a previous price level, the odds favor some continuation of the move. This continuation might only last one day, or go just a little bit beyond the original entry price, but this is still enough of a profit to play for. A trader must be satisfied with whatever the market is willing to give
Low Volatility Breakout is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become
profitable in a Low Volatility market. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains that the trader has worked to obtain. Having the right tools such as a live feed, a directaccess broker and the stamina to place many trades is required for this strategy to be successful.
Good Trading
Forex Bling Statement
The following is the REAL Statement published automatically by MetaTrader where Forex_Bling is running. So far the robot is running in a demo account, since it is still brand new. The report will be automatically updated every hour since this is a pretty active robot.
Initial demo account balance is $500. We will investigate the robot profits, the drawdown, and most importantly risk management by the robot.
Note: Due to an early bug in ThunderBolt – see this post – Forex Bling Update, the account went down to by -$200, so realistically we started the real test with $4800 balance, However I did not started the demo test from scratch since there were some trades by the other robots.
Also since 16th September, I changed the lots sizes as follows so as we identify which trades are of which robot. They are all running in one account, so it was a bit confusing. Lots are as follows:
Thunderbolt EA: 0.3 lots
Freedom: 0.1 lots
Evolution: 0.15 lots
Fractals: Most often under 0.1 lots since you can’t modify the lots of this robot.
Forex Bling Statement





Forex Bling ThunderBolt went Live
Posted by Forex EA - Jason on September 16, 2009 · Leave a Comment
Forex_Bling ThunderBolt EA is the first robot to make it into my Live Trading account. This robot seems to be the most profitable robot so far and convinced me to put it into my live account.
Yesterday it traded two trades for a profit of $14.20. Two trades were with 0.2 and 0.3 respectively.
Forex Bling Thunderbolt EA went Live
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