NFA Hedging Policy

April 17, 2009

This is my first update for ForexHope after several months.
At the end of last year I have accident that required me to rest
several months. Although I and our support staffs still answering
emails, but the accident delayed me to send new update and
improvement on our expert advisors.

At this updates, I explain our future plan and next releases.

======================
Our latest performance
======================
Our Fractals-3 still making consistent profits!
It made profit from $25,000 to $65,310.67 (Risk-2).
Fractals-3 become our best performance EA with almost 200% profit
in 6 months.

I send you the performance statement at attachment, and you can
login into our forward account below to check everything is correct.
————————————–
FRACTALS-3 Account ($25K into $65.3K):
————————————–
You can login using into our Fractals-3:
Account#:2114677
Password:fxhope1
Server:InterbankFX Demo Accounts

Our PointBreak5 also making consistent profits.
Our forward account (Risk=1) that has been running since Dec, 2007
using $25,000 become $44,985 today.
————————————–
POINTBREAK-5 Account ($25K to $44.9K):
————————————–
You can login to our account to check:
Account#: 1745192
Password: lucky7
Platform: InterbankFX Demo Account

======================
Next Release on our EA
======================
I start working with new updates this month and we will release
DTS1/PB5/Fractals-3 build 905 next month (May 2009) with some
significant improvement.

Next release of Fractals-3 also has the ability to trade in 5
digits brokers.

I would suggest that you continue updating the ea to the latest
release.

=======
NEW EA
=======
We also plan to release NEW EA that we have been working since last
year and it really has very good performance.

The new EA will be release at the end of May 2009 or in June 20009.

======================
New NFA Hedging Policy
======================

To all customer of NFA Regulated Brokers like IBFX: Forex customers
will no longer be allowed open “hedged” positions in their accounts.

What’s this mean for DTS1/POINTBREAK EA and other hedging EA’s on
those brokers ?
It mean the EA (including DTS1/PB5 current release) no longer valid
on those brokers.

Therefore we suggest to our members if you use those brokers:

1. Set all next cycle to false.
2. Wait our updates on this new regulation
(it should be on build 906 or 907).

3. You can move to non-NFA brokers, for example: Alpari.

We’re sorry for this inconvenience, the broker change its
regulation and there’s nothing we can do about it.

Our DTS1/PB5 has valid logic for hedge enabled broker as it has
strong math calculation and money management inside it.

The InterbankFX encourage us to modify our code and test our
advisor on the Interbank FX demo servers as well.

One of the solution is to modify our PB5/DTS1 to work in 2 accounts
which first account for long positions only and the other for short
positions, and the ea’s need to work simultaneously on both
account.

When the profits is achieved on these account, the ea will close
all open positions in both account and start working from the
beginning.

But we need lots of time to modify the code and lots of time
to test it too.

The simple solution is to use a non-NFA brokers that allow hedging
positions.

I will send you next updates in a couple weeks.

Until then, all questions/suggestions should be sent to:
support@forexhope.com

Posted by gagahlin | Filed Under News