POINTBREAK EA New Demo Release (Build Mar 15, 2008)

March 20, 2008

I release a new update for PointBreak 5 Expert Advisor Demo Version.
(Build Mar 15, 2008)

To download new demo release: click here

To purchase PointBreak EA (FULL / Special Edition): click here


COMPLETE PARAMETERS IN RELEASE Mar 15, 2008:

1. Risk Setting (default: 1)

Risk Setting Options:

0 – Manual Lot Size (NOT recommended for new user).
1 – Very Conservative Setting.
2 – Conservative Setting.
3 – Moderate Setting (This is best setting for Risk and Reward).
4 – Aggressive Setting.
5 – Very Aggressive Setting.

If you start using Point Break system, I suggest start with Very Conservative setting until you really understand how the EA works before start moving to higher risk setting.

Standard Lot Account:

- Very Conservative Setting:
For every 10,000 USD, The EA use 0.01 lot per position for cycle C1-C4 and 0.02 lot per position for cycle M1.

- Conservative Setting:
For every 7,000 USD, The EA use 0.01 lot per position for cycle C1-C4 and 0.02 lot per position for cycle M1.

- Moderate Setting:
For every 5,000 USD, The EA use 0.01 lot per position for cycle C1-C4 and 0.02 lot per position for cycle M1.

- Aggressive Setting:
For every 3,500 USD, The EA use 0.01 lot per position for cycle C1-C4 and 0.02 lot per position for cycle M1.

- Very Aggressive Setting:
For every 2,500 USD, The EA use 0.01 lot per position for cycle C1-C4 and 0.02 lot per position for cycle M1.

Mini Lot Account:

- Very Conservative Setting:
For every 1,000 USD, The EA use 0.01 mini lot per position for cycle C1-C4 and 0.02 mini lot per position for cycle M1.

- Conservative Setting:
For every 700 USD, The EA use 0.01mini lot per position for cycle C1-C4 and 0.02 mini lot per position for cycle M1.

- Moderate Setting:
For every 500 USD, The EA use 0.01 mini lot per position for cycle C1-C4 and 0.02 mini lot per position for cycle M1.

- Aggressive Setting:
For every 350 USD, The EA use 0.01 mini lot per position for cycle C1-C4 and 0.02 mini lot per position for cycle M1.

- Very Aggressive Setting:
For every 250 USD, The EA use 0.01 mini lot per position for cycle C1-C4 and 0.02 mini lot per position for cycle M1.

Note:
 It is not recommended to use Aggressive Setting and Very Aggressive setting for new capital; or you are not familiar with Point Break system.

2. SP_Distance (default: 100 points):

Minimum distance between Starting Points (SPs); from SP cycle-1 to SP cycle-2, from SP cycle-2 to SP cycle-3 and SP cycle-4, so on.

Note:
 - Not recommended for new user to change this setting.
- Not recommended to set SP_Distance below 50.

3. Check_Position_Left (default: FALSE):

If you experienced that PointBreak EA left some positions after a cycle close, turn on this parameter (set to TRUE). If not, always set this parameter to FALSE.

=== C CYCLE CONTROL PARAMETERS ===
4. Enable_C1 (default: TRUE): to activate cycle-C1.

Note:
 If you turn off this parameter (set to FALSE), the cycle-C1 still continue until profit target reached then stop the cycle.

5. Enable_C2 (default: TRUE): to activate cycle-C2.

Note:
 If you turn off this parameter (set to FALSE), the cycle-C2 still continue until profit target reached then stop the cycle.

6. Enable_C3 (default: FALSE): to activate cycle-C3.

Note:
 Same with C1 & C2 above. Not recommended for new user to activate cycle-C3.

7. Enable_C4 (default: FALSE): to activate cycle-C4.

Note:
 Same with C1 & C2 above. Not recommended for new user to activate cycle-C4.

8. Enable_C_Buy (default: TRUE):

If you fill M_Buy_Pos = FALSE, the EA will not open Long positions on C Cycle (if you sure EUR in downtrend direction).

9. Enable_C_Sell (default: TRUE):

If you fill M_Sell_Pos = FALSE, the EA will not open Short positions on C Cycle (if you sure EUR in uptrend direction).

=== M CYCLE CONTROL PARAMETERS ===

10. Enable_M1 (default: TRUE): to activate cycle-M1.

Note:

The lot size used in cycle-M1 is two times bigger than in cycle C1-C4 (if M1_Lot_Multiply=2).

If you turn off this parameter, the cycle M1 still continue until profit target reached then stop the cycle.

11. M1_Lot_Multiply:

By default M Cycle will open new positions with 2x bigger then C cycle.
If you set M1_Lot_Multiply = 1, M cycle open new position with lot-size same as C cycle.

12. Enable_M1_Buy (default: TRUE):

If you fill M_Buy_Pos =FALSE, the EA will not open Long positions on M Cycle (if you sure EUR in downtrend direction).

13. Enable_M1_Sell (default: TRUE):

If you fill M_Sell_Pos = FALSE, the EA will not open Short positions on M Cycle (if you sure EUR in uptrend direction).

14. Enable_MACD_M1 (default: TRUE):

M Cycle open its position follow MACD indicator direction (D1 and H4 period). Set this parameters to FALSE, if you want M1 temporary open positions like C cycle (without MACD direction).

=== MSP Control ===

15. Enable_MSP_C1 (default: TRUE): to turn off build in Manipulate SP function for Cycle C1.

16. Enable_MSP_C2 (default: TRUE): to turn off build in Manipulate SP function for Cycle C2.

17. Enable_MSP_C3 (default: TRUE): to turn off build in Manipulate SP function for Cycle C3.

18. Enable_MSP_C4 (default: TRUE): to turn off build in Manipulate SP function for Cycle C4.

19. Enable_MSP_M1 (default: TRUE): to turn off build in Manipulate SP function for Cycle M1.

Note:
- Do not turn off the MSP function; unless you want to manually manipulate SP. (Advanced Settings will be discussed in our website/forum).

ADVANCE SETTING PARAMETERS:

=== Users Lot Size (FULL Edition only) ===

20. Lots_C1 (default: 0.01): manual enter lot size for Cycle C1.

Note:
- Not recommended for new user to manually enter the lot size cycle C1-C4.
- This setting will also determine lot size for cycle M1 (two times Lots_C1).
- To use this parameter, you must set the Risk Setting parameter above to 0 first.

21. Lots_C2 (default: 0.01): manual enter lot size for Cycle C2.

22. Lots_C3 (default: 0.01): manual enter lot size for Cycle C3.

23. Lots_C4 (default: 0.01): manual enter lot size for Cycle C4.

=== Manual MSP Control (FULL Edition only) ===

24. Force_MSP_Above (default: FALSE):

to manually manipulate SP in reversal direction (if you predict EUR will reverse from Uptrend to Downtrend). PointBreak EA will close profitable Long positions, move the SP above and add Short positions as EUR going down.

25. Force_MSP_Below (default: FALSE):

to manually manipulate SP in reversal direction (if you predict EUR will reverse from Downtrend to Uptrend). PointBreak EA will close profitable Short positions and move the SP above and add Long positions as EUR going up.

26. Force_MSP_CycleNum (default: 1):

Enter which cycle (C1-C4 or M1) you want to manipulate.
Enter 1 for Cycle C1, 2 for Cycle C2, 3 for Cycle C3, 4 for Cycle C4 and 5 for Cycle M1.

27. Force_MSP_LimitPrice (default: 0):

Enter where (at EUR price) the Manual MSP will be activated.

28. Move_SP (default: TRUE):

If you do not want the Starting Point to move after MSP process, turn off this parameter (set to FALSE). Turn off this parameters if you want to manually close some profit positions (Long or Short positions) but you are not sure the trend will reverse.

Note:

  • The advance settings will show how powerful this EA after you fully understand how the system works.
  • You can combine Point Break system with your own trading system
  • More information and discussion for the advance setting will be available on our website/forum.

Posted by gagahlin | Filed Under Trading News 

POINTBREAK EA New Demo Relese (Build Feb 8, 2008)

February 8, 2008

I release a new update for PointBreak 5 Expert Advisor Demo Version.
(Build Feb 8, 2008)

The new update include:

  1. Fix on M1 cycle lotsize bug.
  2. Additional Parameter for M-cycle:
  3. The new demo version will expired until June 2008.

Before download the new demo release, please read additional informations below: 

The logic behind Pointbreak EA is:

  1. Pyramiding system; we add more positions as the market is moving in our favor based on technical analysis.
  2. The pyramiding technique work best on situation where the positions become skew to 1 direction.
    For uptrend market, the EA work best if the positions skew to LONG positions;
    and for downtrend market, the EA work best if the positions skew to SHORT positions.
  3. Point Break EA will profitable on a trending market and cause a drawdown on very choppy market.

Problem with All Technical Analysis Trading System: 

The problem with all technical analysis strategy trading strategy is all indicators will be useless against sudden fundamental news that moves the currency against our positions.

On January 2008: EUR market was very choppy because of 2 times cut rate on USD and the first time was above all expectation; the news caused some drawdown in M cycle. (if your M cycle opened lot of sell positions before the news came; or you did not manually interrupted the EA when you hear the cut rate results).

How can you manually interrupt PointBreak EA?

You can interrupt the logic behind PointBreak EA using MSP ABOVE or MSP BELOW functions.
MSP ABOVE functions: Moving the Starting Point above the current positions.
MSP BELOW functions: Moving the Starting Point above the current positions.

Now, I will explain how to solve the drawdown at M cycle using manually MSP (Moving Starting Position) for the current situation.

FIRST:
We need to detect where the EUR market will go (in the following weeks).

My last prediction this week for EUR: EUR will fall below 1.4500 before continue uptrend towards above 1.4850 next week. The low if it possible should be remain above 1.4360.

IT MEANS THAT WE NEED TO SKEW THE POINTBREAK EA POSITIONS TO UPTREND DIRECTIONS, BY CLOSING SOME PROFITABLE SELL POSITIONS AND ADDING SOME BUY POSITIONS IN ORDER TO CLOSE OUR M-CYCLE PROFITABLE.

SECOND:
We need to manually Moving the Starting Point BELOW (for Special Editions).

These are the steps to manually MSP BELOW (the time I write this message, EUR is at 1.4490):

  1. Close the profitable SELL position (in your M cycle).
  2. Move the Start Point M1 to last highest SELL position (in your M cycle)
  3. Open the Global Variable and set variable MACDBUYSELL to 0.
  4. Restart your MT4 platform.

(You need to open the Comment at your MT4 trading platform to get informations which positions are C-cycle and which are M-Cycle.)

For more information about MSP ABOVE and MSP BELOW (for SE Editions and Full Editions), please read additional PointBreak EA Tutorials at our forums.

If you need guidance or have some questions about MSP functions, post it at our forum.

NEW UPDATE ON POINTBREAK EXPERT ADVISOR (Build Feb 8, 2008):

  1. The new release fix lot-size problem on M cycle; which sometime set back to 0.01 if you accidentally change the period or restart your MT4.
  2. There are additional 3 new parameters for M cycle:
    M1_Lot_Multiply = 2;
    M_Buy_Pos = true;
    M_Sell_Pos = true;

Note:

  1. By default M Cycle will open new positions with 2x bigger then C cycle.
    If you fill M1_Lot_Multiply = 1, M Cylce will open new positition with lotsize same as C cycle.
    (if you do not like the M1 Lot-size bigger than C cyles).
  2. M_Buy_Pos (default= true)
    If you fill M_Buy_Pos = false, the EA will not open Buy Positions on M Cycle.
  3. M_Sell_Pos (default=true).
    If you fill M_Sell_Pos = false, the EA will not open Sell Positions on M Cycle.

When we need to set the Parameter M_Buy_Pos & M_Sell_Pos to FALSE ?

You can set the parameter to false if you do not want the EA to add positions to 1 direction.

For example:
You sure the EUR market will be uptrend in following weeks.
If you set the M_Sell_Pos to FALSE, it means you do not want the EA to open another SELL positions which cause additional drawdown when EUR really going up.
(The EA will not open SELL positions on M cycle until you set the the M_Sell_Pos to TRUE again).

IMPORTANT BEFORE YOU UPGRADE TO NEW RELEASE (BUILD ON FEB 08):

  1. You need to check your Global Variables, the lot-size for M Cycle must be the same with C cycle.
    If your C cycle opened the positions using 0.02, your M lot-size in global variable should be 0.02 too.
    Please update your M lot-size.
  2. After that restart the MT4.

To download new release: click here

This new release will show (Build Feb 8, 2008) at your chart (It will expire on June 2008).

I will send the updated EA for those who already bought PointBreak EA (which locked to your account) on this weekend.

And I plan add facility for those who bought our EA: there will be special member area which you can get daily predictions on the market and suggestion on what should you do with your Pointbreak EA on daily basis.

Also we will have more facility (new trading system, really good trading signals, etc on our member area).

Posted by gagahlin | Filed Under Trading News 

FractalWizard New Release

January 15, 2008

New release for FractalWizard (Release: Jan 15, 2008) :

I have asked several times to add parameter that enable you to close open positions when there are profit, sometimes FractalWizard already in profit positions but the target too far and you think the price can’t reach the target price.

  1. There are 2 additional parameters:
    - Custom_ProfitTarget (default=10,000~in dollar amount not in pips).
    - Always_ActivateCustomTarget (default=false).
  2. You can use this release to many demo account (not just one).
    My suggestion: test it on your broker demo account and InterbankFX demo account (My forward test using InterbankFX).
  3. No need to connect to my server. I receive email that the EA generate:”Your account has not been activated or expired!”. This is because bad internet connection, or your internet connection lost. The new release do not need to connect to my server.

Additional parameters:

  • Custom_ProfitTarget: You can use this parameter to set your own target (in dollar amount, not in pips).
    FractalWizard can open more than 1 positions. When you setup this parameter (example $100), the EA will close all positions at $100 profit or more.
    Suggestion how to set the target:
    Set Custom_ ProfitTarget around $1000 when the EA open 1 standard lot/positions. So when the EA open around 0.1 lot / positions, the suggested user_ target around $100, so on.
    You can set the target smaller if you think there will be reversal or there are support or resistance near current price.
  • Always_ActivateCustomTarget: use this target if you want the EA always close when the floating profit reach your custom target.
    When you set the parameter to False, the EA still use your target in Cusom_ProfitTarget parameter, but with additional requirement:- The Custom_ProfitTarget only activate if your current equity above last equity watermark. It means your current equity in positive balance (not in drawdown).- Example:
    You setup User_Target = $1,000 and Always_Activate_User_Target = False. You lost $2,000 before, so when the floating profit reach $1,000 the Custom_ProfitTarget will not activated. But when when your last lost $900 and the floating profit reach $1,000 the Custome_ProfitTarget will activated.
    I suggest you leave this parameters to False. My test show activate the User_CustomTarget only when you are in positive equity balance better than always activate in any conditions (including in drawdown). Unless you really sure the profit can not continue.

    The reason: when you always activate the User_CustomTarget in any conditions. Usually you get several small profit, but not enough to cover your losses (like scalping method).

Installation:

You just need to replace FractalWizard (new  release) and restart your MT4. And this version don’t need to use the DLL file.

Posted by gagahlin | Filed Under Trading News 

PointBreak 5 New Release

January 3, 2008

I release a new update for PointBreak 5 Expert Advisor Demo Version.

The new update include:

  1. You can set Risk Setting (1-3): New Risk Setting = 2 (Conservative) & 3 (Moderate).
  2. Additional warning at Journal, if PointBreak Expert Advisor can’t open new cycle because insufficient equity.
  3. Fix on minor bug.

To download new release: click here

This new release will show (Build Jan 2, 2008) at your chart. Please check it!

NOTE:

  1. You do not need to open new demo account, just replace old release and restart your MT4 platform.
  2. If you need to set higher risk setting, just change the parameter, and PointBreak Expert Advisor  will open bigger lot size on NEXT cycle.
    PointBreak Expert Advisor  will continue the current lot size until the cycle close.
  3. Some broker like FXDD do not allow open Micro lot size on their DEMO ACCOUNT, only on their Live Account. If your broker do not allow open Micro Lot-size on their Demo Account open new deposit using $100,000 or $200.000.

DON’T FORGET:

Our New Year Promotion for PointBreak 5 Special Edition will last on January 6, 2008.

PointBreak 5 Special Edition include:

* One time payment (No monthly payment).

* Lifetime update/release.

* Lifetime Support.

You can go to PURCHASE menu to purchase POINTBREAK 5 SPECIAL EDITION.

Posted by gagahlin | Filed Under Trading News 

New Website design

January 2, 2008

Welcome to FxHope.com new design.

I hope you like our new design.

There will be support, discussion forum, faq, etc.

Come back often.

Happy New Year 2008!

Sincerely,

Lin

Posted by gagahlin | Filed Under Website News