How I earn $3,133 per month on Forex
In search for additional earnings, I decided to try Forex online, and now this additional income became my primary one. Now my earnings exceed many times the salary from my previous place of work. I use the program for making money on Forex called the Forex_Profit Adviser (you can download it here); and I applied the idea which allows guaranteed profit regardless of the direction of price's movement.
Just take a look: here's how much money I had on my account in the NWFB (all my transactions go through this Dealing Center - here my idea works great!)
And here is how much money I've got 1 month later.
Do the math – I earned $3,133.9!! Here is the statement of all my trades per month:
All I had to do is to press a few keys on my computer and get my earnings AUTOMATICALLY!
Here is the basis for my idea. Example: Let's say you're playing on a coin and bet on Head $1. Toss a coin - you get Tails. You lost the game. Now you put $2 (you double your bet). Toss a coin. Again - Tails. You lost $1 + $2 = $3. Bet $4. Toss a coin. If you get Head, then you win $4 – $3 = $1. If you lose, you lose $3 + $4 = $7. By doubling the bet, it will be $8. Notice, sooner or later you'll still win $1. And then start again with the minimum bet.
There are 2 options on Forex as well – the price goes either up or down. Our task is to guess in which direction the price will go. I simplified this task. It's not important to me where the price will go, because sooner or later it will go in my chosen direction, and I'll make my profit.
Technically, on Forex I did everything like this: put an order for either sell or buy with minimum lot and with the same level (let's say 50 pips) for stop-loss and TP (Take Profit). At the level of the stop-loss I had pending stop order with double-lot. I put the same order on stop-loss and TP - 50 pips. If the price reached TP level – I was getting profit. If the stop-loss was triggered, then the pending order was immediately activated. While the price was moving, I again opened the stop pending order with the double of the last order's lot and the same levels. Sooner or later, the price's trend was bringing me a profit.
But I had to keep an eye on the situation every hour and manually open orders on my computer (even at night), and it was very tiring. No personal life at all, sitting like a puppy chained to its cage.
That's when the Forex_Profit Adviser was created. It is doing all this work automatically. The results are shown on the picture above. The best conditions for the work of the Adviser from a broker NWFB - minimum lot - 0.01, maximum leverage - 1: 500, money displays instantly. This allows you to deposit a small amount of $100-300 into your account and get a good profit.
I added the following improvements over manual trading in the Adviser:
- First order opens not randomly, but by signals of the indicator. This allows getting profit MORE often from the first time.
- Instead of double the lot size you can multiply it by any coefficient (for example, 1.3 or 2.6). This allows reducing the initial deposit's amount or the risk.
- Levels of stop-loss and TP don't have limitations. This allows you to choose the best price channel and currency pair.
- The pending orders are substituted by the open trading positions on the market, because there were cases when the price reached only half of spread value, and the pending order did not work out.
- The next order can be done by the user selecting the same or opposite trend from the previous order. This allows trading on different currency pairs: those, which price movement in one direction is rather long (EUR/JPY), and those, which price is coming back (EUR/GBP).
Below is the diagram for the test of Forex_Profit Adviser on the EUR/USD quotes for the year 2000. Default settings, lot 0.01, drawdown (decreasing of a deposit's amount as a result of the lost deals) 29%.
As you can see, the result is a stable profit.
The Adviser helps me to earn money simultaneously in two ways: with high risk and high profits and with little risk and small profits.
The first way - you have seen at the top of the page – $3,133.9 per month. With optimization (I will show it further) I choose the best current options, include a bigger lot depending on the deposit, and I am waiting for the doubling of the deposit. As deposit doubles – I withdraw half of the sum and start over again. If I get a margin call (closing deals on the lack of balance) – I add money and start again from the beginning. I still make profit. Of course, the risk and profit depend on the size of the deposit and lot. Understandably, the more money invested, the more profits I get. My recommendations are for the deposit $300 and for the initial lot 0.01. A minimum deposit is $100.
The second way is shown on the test's picture. With a large deposit and a small lot I get stable profit practically without risk.
If you like my way of earnings, I will show you how to configure everything.
- Open an account here.
- Download here also and install a computer program – terminal MetaTrader 4. This program is always connected to a broker, and you'll make your trades using it. In other words - it is your guide on Forex. It will be installed in the folder c:\Program Files\NWFB MetaTrader 4\ in your computer. An icon will appear on your desktop.
- Download Forex_Profit Adviser here and put the downloaded file in the folder c:\Program Files\NWFB MetaTrader 4\experts\.
- Open a terminal by double clicking the icon. Close the window that suggests to open a demo-account, a window appears:
Type in the login and password, obtained with the registration, and click "Login." In the lower right corner will appear line like this , which means that communication with a broker is established. Check boxes as shown below on Service/settings/adviser:
- Close all charts proposed during installation and open one chart, for example, EUR/USD, selecting with the right mouse button in the «Market watch» on the right this currency pair and clicking the "Chart window." Then, in the "Navigator" panel, select Forex_Profit, and drag it to the chart. Set all necessary options of the Adviser (will show further the options), and then click OK.
In the upper right corner, you should see a smiling emoticon . This means that Forex_Profit is ready for work. Immediately you will see a deal. For the settings, click on the smiley emoticon. If you want to disable the Adviser while changing your settings, click on the "Adviser" at the top of the window.
Values for the options for the Adviser:
- MagicNumber 12345 is the magic number. When using the Adviser on multiple charts simultaneously, you need to set up the number differently. The Adviser will recognize its orders and manage them guided by this number.
- LotStart 0.1 – size of the starting lot.
- TakeProfitPips 100 – TP (Take Profit) in pips.
- StopLossPips 100 – stop-loss in pips.
- LotsMuitiplier 2.0 – lot multiplier for the next orders.
- Opposite 1orSame2 1 – direction of the next order (the same as previous, or the opposite)
I used the settings LotStart=0.7; TakeProfitPips=30; StopLossPips=120; LotsMultiplier=2; Opposite1orSame2=2. Timeframe-5 minutes. You saw the result.
Make deposits to your account the way that suits you best, earn money and spend them as you wish.
That is all regarding Forex_Profit installation. Now I will tell you about the selection of the best settings for the Adviser for the current period of time. This is known as optimization.
- First you need to download the history of quotes for a currency pair which charts you are going to use for Forex_Profit installation. To do this, press F2 on the keyboard. Window appears:
In it click «Forex», the desired currency pair, and period - 1 minute. Then click "Download" and wait for the download be completed. Then again click "Download" and specify timeframes as it is suggested. Close the window. History is loaded.
- Turn on the strategy tester . The tab opens at the bottom of the terminal. Do everything as indicated on the figure.
- Adviser: choose Forex_Profit.
- Symbol: select a downloaded symbol from the quotes' history.
- Model: select "All variations" for the most accurate results. To increase the speed of the optimization, you can use the "Open price," but obtaining data can be considered only as a temporary one and will require verification of all variations.
- Use date: place a check in the box and choose the period. I usually use the past month.
- Don't turn on the visualization, it increases testing time.
- Optimization: check the box.
- Period: select M5
- Click the "Expert's properties." Window appears:
Deposit: enter the amount of added deposit. For example, $300.
Then click the "Input parameters."
Put check marks and set the starting values; steps and stop for those parameters which you are going to optimize. Click "Ok."
Optimization is as follows: Automatic tester will do the runs of a specified period of history, and with each set of parameters in the specified step. Therefore, the increasing of the number of parameters, the reducing of the steps, the increasing of the stop will increase the time of optimization.
During obtaining profits in test run, the Adviser's value parameters are automatically written and a chart is built.
- Click "Start"
On the right with the "/" will be shown optimization time and total time. It can be pretty long, even several days.
On the left you will see the number of runs made, and their total number.
The optimization chart can be viewed by clicking on the corresponding button.
- After completing optimization, click "Optimization results."
Click on the "Profit." The results will be descending. Choose the greatest returns with the lowest loses. Double-click on the chosen results, the obtained parameters will be written into the Adviser. Again, click "Start," repeat the test. Configuration files with the extension .set can be saved to the Adviser, or you can manually write them down, there are only few of them.
Do optimization approximately once a month - and the profit will be always maximized.
Good luck and great profits!