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Performance fee

The Performance Fee operates on a no profit, no fee based on high watermark principle. If your account shows profit from the beginning of the month to the beginning of the next a performance fee is deducted from your account (handled by the broker). The performance fee is defined as 25% of profit on a client account. This is based on the high-water mark principle.

Working Example of 25% Performance Fee:

Month 1:

Initial Balance 100,000 USD (initial high-water mark, no fee will be paid until the end of month balance exceeds this initial balance)
End of month balance 108,000 USD (total profit for month is 8,000 USD)
Performance fee charged is 2,000 USD (25% of 8,000 USD), leaving 106,000 USD in the account.
The new high water mark for this account is 106,000 USD (you will not pay a performance fee until the next time an end of month balance exceeds this balance)

Month 2:

High water mark 106,000 USD (from month 1) End of month balance 111,000 USD (total profit for month is 5,000 USD)
Performance fee charged is 1,250 USD (25% of 5,000 USD), leaving 109,750 USD in the account.
The new high water mark for this account is 109,750 USD (you will not pay a performance fee until the next time an end of month balance exceeds this balance)

Month 3:

High water mark 109,750 USD (from month 2) End of month balance 109,000 USD (total profit for month is -750 USD)
Performance fee charged is 0 USD. No profit, no fee.
The high water mark for this account is still 109,750 USD (you will not pay a performance fee until the next time an end of month balance exceeds this balance)

Month 4:

Balance 109,000 USD (from month 3), High water mark 109,750 USD (from month 2)
End of month balance 112,000 USD (total profit for month is 3,000 USD)
Performance fee is only paid on what exceeds the high water mark, therefore although the profit is 3,000 USD you only pay fee on 2,250 USD (112,000 USD - 109,750 USD) Performance fee paid is 562.50 USD, balance for this account is 111,437.50 USD (you will not pay a performance fee until the next time an end of month balance exceeds this balance)

 

 

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Great trade? Thank the robot that did it


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Automated trading is the wave of the future
— Ivo Luhse, currency trader, entrepreneur, developer of robotic trading systems.
Ivo Luhse trader

Ivo Luhse is Forex trader who started out, as so many traders do, as a discretionary trader. Now? He wouldn't even call himself a trader, despite the fact he makes his living trading. He describes himself as an asset manager with a number of employees. And every one of those employees is a robot.

Ivo's journey is one that all traders are going to have to make eventually. It's not a matter of embracing complexity, in fact, it's just the opposite. He uses simple manual trading systems but he lets the robots do the work. He just manages them and the money that they are using and making.
We all heard that you should treat trading as a business. But not many actually understand what it means.
He cites the analogy of a burger shop. He has bots flipping the burgers - he's the manager looking after the money and checking up occasionally that the bots are making the burgers properly. And with the new advances in machine learning soon different bots will be managers of the bots flipping the burgers.

There’s still time to get an early advantage – but move now.

Even a trader as sophisticated as Ivo hasn't been doing robotic trading that long. He started to build his robots in early 2015. After the birth of his daughter, he realised that he doesn't want to sit at the computer screen all day long and wanted to spend as much time as possible with the new family. So his started to build robots based on his manual trading strategies.  He currently has four bots working for him each with is own unique trading strategy. This approach lets Ivo diversify his trading portfolio and achieve consistency in any market phase.
In every market, traders are making the same journey and turning to automated trading to give them coverage and consistency that is very difficult to achieve as a human being.

It's extremely difficult for us not to hop from one strategy to another, particularly when we encounter trading difficulties and losses. But automated trading is far less emotional and can help you improve your profits by removing the heat from the trading scenario.

The whole market is moving this way and it's important to give yourself the benefits of an early advantage by getting involved now with automated trading using robots.
When you look at hedge funds vs quant funds. Technology driven quant funds are on a good run and are outperforming its discretionary counterparts. Quant funds are also the biggest hirers, but there are no jobs for discretionary traders. Funds are looking for the smart, analytical people right out of undergrad with strong math, computer science or engineering skills.
If computers can beat world champion chess players, shouldn't they be able to beat the traders on Wall Street?
Eventually, the time will come that no human investment manager will be able to beat the computer.

Ivo trusts the algorithms and strategies that are built into his automated trading robots. He has fully stopped his discretionary trading and has his sole focus on managing and developing automated systems.
But it took him some time to arrive at this point. At first, he found it difficult to let the robots do their job because it involved a loss of control - a bit like the business owner who takes on some employees but doesn't believe they can do the job as well as he can. Most traders will probably have the same problems to begin with and will need to move towards fully automated trading somewhat gradually.

It's clear that he moved towards robotic trading in a spirit of humility, learning what he needed to learn and wanting to move towards a mode of trading that was calmer and more rational. However, Ivo believes that in the next 20 years asset management of robotic traders is what will make money in the markets and that discretionary trading has no future.

Best forex robots

A different kind of trading day.

Traders like Ivo who are using automated trading systems check their robots 1 to 2 times a day to make sure that they are opening the trades correctly. Scanning charts, looking at indicators, fundamental analysis and all the other paraphernalia of traders have become a thing of the past – the software does it all.

Wall Street people learn nothing and forget everything.
— Benjamin Graham

With apologies to the revered Mr Graham, that may all be about to change. With machine learning, robots learn everything and forget nothing.
Already now Ivo uses testing robots that 24/7 scan the incoming price data and look for best settings for the current market conditions. While he still needs to manually input these settings for his trading robots, soon manager robots will be able to do this automatically from the data they receive from the tester robots and tracking robots.
A fully automated machine learning and trading process — trades taken by trading robots, settings set by manager robots, ongoing testing done by test robots and live trades monitored by tracking robots.

A huge wave of automation is coming.

This move towards automated trading is part of the new wave of intelligent robotics which will profoundly change the world of work and affect all jobs and professions where human intelligence is used to collect, synthesise, analyse and act on information. The changes will be dramatic and many people are simply unprepared for the scale of what is about to happen.
So far, most people's idea of a robot has been of a machine with limited intelligence that does something physical in response to a set of instructions. What we are now seeing are robots that inhabit the virtual or digital worlds and act autonomously using our money, and resources. We will allow them to take decisions and act for us in the future because the evidence will plainly show that they take better decisions than we do. They will teach our children, diagnose our illnesses, manage us at work.
Robots will become socially intelligent and will be networked into complex interactive social and work systems.
The current push is to develop sentient robots – those who do not merely have artificial intelligence but who have self-awareness, or consciousness. Which of course means, that they would be capable of loving or hating but also that they could be taught ethics and a sense of right and wrong.
in terms of trading robotics, one of the great advantages of robotic trading systems is that they are not subject to the emotions and pressures that afflict human traders and can lead to fear, greed, overconfidence and the classic "revenge trading" reaction to a sudden loss.
Speaking in MIT Technology Review, Hod Lipson, an engineering professor at Columbia, who heads the Creative Machines Lab, pointed out that people used to think that technology would destroy some jobs but would create better ones to put in their place. Lipson says the evidence now is that yes technology is destroying jobs and yes it is creating better jobs as well. But unfortunately, it's also creating fewer jobs. And this may cause all sorts of problems in the future as people find they need skills they don’t currently have, in order to get a job.
Technology, particularly robotics, is coming towards us like a large wave. It's up to us whether we grab our surfboards and get on top of it, or just watch it fearfully until it breaks over us.
When it comes to trading, we do at least have a choice. Why not start by dabbling a toe in the water - trying some automated trading in part of your portfolio and seeing how you get on?
You may find that you start to see yourself much more as an asset manager and much less as the hapless person flipping the burgers at the beachside bar.

 

To try Ivo's trading robots 30-Days for FREE click the bottom below



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Automated Trading Systems Do Have Character


By Ivo Luhse, founder of Evestin Forex - Follow me on social media:


Why do we make the claim that our trading robots have character?

It’s because they’re based on real manual trading systems professional traders also use. Unlike a majority of automated trading systems (trading robots) that were created with lagging indicators and past price action (fitting the price curve), our robots were designed from manual trading systems I’ve personally been trading with since 2012.

The trading strategies we use are not the latest new thing. In fact, they’ve been tried, tested and true – manual trading strategies we know work. All we’ve done is taken the trading systems and automated them so anyone can use them.

I’m going to lay out a detailed explanation of these trading strategies below.

Some people on my team have said, I was crazy to expose my trading strategies. However, I’m like Richard Dennis, the creator of turtle traders, when he said the following:

I always say that you could publish my trading rules in the newspaper, and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick to those rules even when things are going bad.
— Richard Dennis

By providing a detailed explanation of the trading strategies in our trading robots, I believe you’ll be more comfortable trading them and feel confident to stick by them even during the rough times.

Meet our robots

Satoshi EA

Satoshi EA

Satoshi trades using Japanese candlestick patterns.  I first learned about Japanese candlestick patterns from my mentor Andrew Mitchem www.theforextradingcoach.com.

I immediately saw the great potential in trading using candlestick patterns, as they gave me easy to spot visual clues about the market’s direction.

Candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that we use today.

There are more than 30 candlestick patterns, but Satoshi focus on the four highest probability reversal patterns:

•    Hammer/Shooting Star
•    Bullish Engulfing/Bearish Engulfing

For these patterns to be valid, the market has to be in a clearly definable uptrend/downtrend…even if it’s a short-term trend.

To define a trend, Satoshi uses Bollinger bands and will only take reversal patterns if they appear at or near the Upper Bollinger band for Sell trades or near Lower Bollinger band for Buy trades.

Unlike the Stock market, the Forex market rarely trades in strong trends. This makes the Japanese reversal pattern strategies an ideal fit for the Forex market.

It’s common to see the price bouncing from the Lower Bollinger band to the Upper Bollinger band and back down once more.  90 percent of the bounces will come after the Hammer/Shooting Start or Bullish Engulfing/Bearish Engulfing patterns.

EURUSD chart with Japanese candlestick reversal pattern examples

For entries, Satoshi uses Limit orders at an 80 percent retracement of the setup candle. This comes to a rounded Fibonacci retracement level of 0.786.

This is a happy medium between a good risk:reward ratio and missing out on possible profitable trade.

Stop Losses are placed below the setup candle for Buy orders and above the setup candle for Sell orders.

Satoshi divides its entries into three parts to attain the most profit the market is willing to give us. Stop Loss and entry price is the same for the three orders, but there is a difference in Take Profits.

•    TP1 - 120% extension of the setup candle
•    TP2 - 160% extension of the setup candle
•    TP3 - 220% extension of the setup candle.

These levels are rounded Fibonacci numbers and also coincide with daily pivot point Support/Resistance lines S1/R1 for TP1, S2/R2 for TP2 and S3/R3 for TP3.

GBPUSD Bullish engulfing pattern Entry example

Satoshi is ordered to trade on four major currency pairs and Gold on Daily charts.

  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • XAU/USD

While other cross currency pairs can be added, we stick with just the major pairs to avoid correlation. (Most days cross pairs and major currency pairs will produce very similar setups)

What to expect from Satoshi EA:

  • 3-5 trades per month split in 3 parts.
  • Average Win rate of 62% 
  • Average Risk:Reward ratio of 1:1
  • Positive expectancy 0.24R

Backtest results (2010-2015) - 2% risk per trade (aggressive mode)

Download full list of trades

  • Average yearly profit - 27.3% (uncompounded)
  • Average monthly profit - 2.3%
  • Maximum Drawdown - 8.9%
  • Profit factor - 1.77

Click the image to enlarge it

Click the image to enlarge it

Click the image to enlarge it

Gunner EA

Gunner EA robot

The Forex market is unique in that it trades 24h a day. Before trading closes in New York, the market in Sydney reopens - 24 hours of market trading, five days a week. It closes down only for the weekends.

After more than 10,000 hours of chart watching, I noticed the market open Monday morning has specific, predictable price action.
It generally retraces against the move from the week prior, should the currency pair have had a strong direction through the hole previous week.

This is because traders in Asia are cautious in taking any large positions before the market opens in both Europe and the U.S. They typically wait for these markets to provide them with the direction the market is going to take for the week.

It’s why Mondays tend to be different than other days in the market. Mondays feel like everybody is waiting for someone to make the first move.

It kind of reminds me of school dances where the boys and girls are standing on opposite sides, waiting for one person to make a move. And, once that person made the brave move, everybody else gets in on the action.

Gunner uses this market phenomenal with amazing success. It takes up to three trades from three different baskets:

  • Basket Nr1 - EUR base pairs (EURUSD, EURJPY, EURCAD, EURAUD, EURGBP)
  • Basket Nr2 - GBP base pairs (GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPCHF)
  • Basket Nr3 - All currency pairs (EURUSD, EURJPY, EURCAD, EURAUD, EURNZD, EURGBP, EURCHF, GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPCHF, AUDUSD, NZDUSD, AUDCAD, AUDCHF, AUDNZD, USDCAD, USDCHF, USDJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY, CADCHF, NZDCAD, NZDCHF - 27 pairs in total)

The only downside of trading during this time is the large spreads and market gaps. This is why the Stop Loss for Gunner has to be quite large – 100 pips.

What to expect from Gunner EA:

  • Most weeks 1-3 trades on Mondays
  • Average win rate of 83%
  • Average Risk:Reward ratio 1:0.5
  • Positive expectancy 0.24R

Backtest results (2010-2015) - 2% risk per trade (aggressive mode)

Download full list of trades

  • Average yearly profit - 43% (uncompounded)
  • Average monthly profit - 3.6%
  • Maximum Drawdown - 5.8%
  • Profit factor - 2.33

Click the image to enlarge it

Click the image to enlarge it

Click the image to enlarge it

Fey EA

Fey EA forex robot

Fey is the most special robot with an extraordinary trading strategy.
She uses the W.D. Gann modified astro-trading strategy, a practice that relates to the movements of celestial bodies to events in the financial markets.

The idea, Market Wizard W.D. Gann had, was when the Moon or any celestial bodies like planets and stars moved into a new zodiac sign, it could have an effect on people’s minds and, in turn, affect the financial market.
This is especially true if the price had a strong trend when the moon entered the new zodiac sign, as it tends to mean the trend will stall or reverse.

I am not an expert on W.D. Gann’s strategies, but this method was provided to me by a fellow trader who has spent lifetime studying W.D.Gann.

With his permission, I’ve automated the strategy. I was quite sceptical at the beginning. But it was easy for me to test the strategy out since I just had to alter the moon ingress times to some random times. It was my surprise when all the random times generated negative results while the correct moon ingress times generated great profit year after year.

Fey is like Satoshi in that she uses Bollinger bands to determine the trends. She trades on the EUR/USD currency pair since it’s the most traded currency pair in the world and has the best effect for this strategy.  She doesn’t make a lot of trades per month – one to two on average.
While the moon changes zodiac signs once every two or three days, there’s not always a strong trend during a changeover.  The good thing about Fey is that should the reversal trend occur, the risk:reward ratio is very good, up to 1:5.

What to expect from Fey EA:

  • 1-2 trades per month
  • Average win rate 38%,
  • Average Risk:Reward ratio 1:4.5
  • Positive expectancy: 1.09R

Backtest results (2010-2015) - 2% risk per trade (aggressive mode)

Download full list of trades

  • Average yearly profit - 16.6% (uncompounded)
  • Average monthly profit - 1.4%
  • Maximum Drawdown - 6.6%
  • Profit factor - 2.79

Click the image to enlarge it

Click the image to enlarge it

Click the image to enlarge it

Dream Team

Best forex robots

Every one of our trading strategies are tried and tested real-life trading strategies that we’ve automated so anyone else can use them.

Still, they are unique.  We’ve combined them into a single portfolio that lets us diversify our trading and smooth out the equity curve to ensure consistent growth in any market conditions year after year.

 

 
 

Evestin Forex Portfolio of three strategies Backtest results (2010-2015) - 2% risk per trade (aggressive mode)

Download full list of trades

  • Average yearly profit - 84% (uncompounded)
  • Average monthly profit - 7.1%
  • Maximum Drawdown -  14.7%
  • Largest profitable month - 27.6%
  • Largest losing month - 7.1%
  • 10-20 traders per month
  • Average win rate 68%,
  • Average Risk:Reward ratio 1:1
  • Positive expectancy: 0.36R
  • Profit factor - 2.03

Click the image to enlarge it

Click the image to enlarge it

Click the image to enlarge it

START 30-DAY FREE TRIAL TODAY

 Try our automated trading systems on your own Live or Demo account for FREE. We give FULL unlimited access to our trading systems and servers when you sign up to 30-Day FREE TRIAL. Only pay if you're 100% satisfied with our trading systems. I'm sure you'll Love them.

With a smile,

Ivo :-)

 

*Past performance data used for illustrative purposes only and is not necessary a guide to future performance



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How to get one massive trade per month?


By Ivo Luhse, founder of Evestin Forex - Follow me on social media:


Here is my GBPCHF trade analysed candle by candle.
 

Before (click on chart to expand it)

After (click on chart to expand it)

One of the keys to successful trading is you got to be aggressive when your call is correct.
This way you can build good trade into a massive trade.

Now, you are not going to find these trades every week, but once every month or two, trades like these are going to make massive profits for you. This is the only way you can survive in this game. Most of the trades will be small losers or small winners, but then BOOM, you get trade like this that will make your whole month or even a quarter.

Candle 1

On August 16, 2016 I’m looking at GBPCHF Daily (D1) chart. I see a nice long-tailed pin bar bouncing of lower Bollinger band (LBB) and last support level around 1.2520, suggesting a potential double bottom pattern. (I've marked this support level weeks in advance, after the pair created new lower low on July 6)

I like this pin bar, but I’m also looking at GBPUSD and GBPJPY on the same day. I prefer the GBPUSD Engulfing bar and GBPJPY cleaner pin bar over this GBPCHF pin bar.
It’s a close call, but I pass on this.

In hindsight, even if I would enter this pin bar, I would probably gotten out with break-even trade after the opposite pin bar on August 16. (Just to note, my two trades on GBPUSD and GBPJPY that I choose over this pin bar got stopped out, each for 1R loss)

Candle 2

On August 19, I see another pin bar that shows that this support level 1.2520 is holding. Since it’s Monday, I wait for the market open to make my final decision. (I want to make sure there is no weekend gap.  I would pass on this trade if it gapped past my entry point). There is no gap, so I’m happy to place this trade.

I use BUY STOP orders 3-5 pips above the signal candle, as my projection is that - if price breaks above this pin bar, it has high probability that it will continue to rise. My entry price is 1.2587

I typically place my Stop Loss (SL) around 30-40 pips below signal candles close or around 50% retracement of the signal candle. In this case 1.2530 is my SL price for total of 57 pips.

I don't like to use large stop loss as, if my analysis is correct, I would anticipate the price to move sharply in my favour. If the price lingers around and stays near close price of the signal candle, I would be out of this trade anyway.

I look for a take profit (TP) areas within the last swing highs or opposite Bollinger band. There are no real worry signs till we get to 1.3000 mark. Still that is more than 400 pips away, so I decide to split my order in two parts and take some profit around the swing high from August 8, that looks inviting.

To sum up my orders are:

Trade journal forex

Candle 3

On August 22, we have good strong Engulfing candle closing above the previous pin bar from August 18. This is a good sign and I like this. My first trade is in more than 50 pips in profit and there is good close on the Engulfing candle. I’m moving my SL to break-even (BE) on my first 2 orders and placing 2 new orders above the Engulfing candle at 1.2655

I don’t take any extra risk, as I have moved SL to BE on my first 2 orders. I place my SL for my second orders at 1.2595 (60 pips).

I still like the same Take profits (TP) and keep them for these orders too, TP1 @ 1.2795 and TP2 @ 1.2980

To sum up my orders are now:

Trading journal forex

Candle 4

On August 23, we have another clean bullish candle. There is nothing really in the way to reach my first target of 1.2795 that worries me, so I’m happy to go again and buy of the break of this bullish candle at 1.2717

My SL is 1.2675 (42pips) for third set of trades.
I’m moving my SL on existing positions to 1.2645 This locks in around 50 pips profit. At this point I can’t lose money even if my third set of trades get stopped out for full loss.

I keep the TP the same.

To sum up my orders are now:

Trading journal forex

Candle 5

On August 24, large bullish candle goes and hits my first target. $$$ The fact that price has hit the swing high from August 8, and retraced a bit from highs. And also that we had 3 strong bullish days in row, make me pause a bit, as I expect some stalling in this rally.
I move my SL on my existing positions to 1.2695, locking in some good profit.

To sum up my orders are now:

trading journal

Candle 6

On August 26, after inside bar day before, we have a new bullish engulfing candle. I’m tempted to take this too, but I’m discouraged that it it did not close above the swing high from August 8. Finally the weekend gap puts me off this trade completely.

I’m passing on this and just moving all my SL to 1.2745 locking in some nice profits

To sum up my orders are now:

forex trading journal

Candle 7

On August 30, we have new Engulfing candle closing above all the highs. Not a single thing in its way to 1.3000 major round number now. I like this and place new BUY order at 1.2890.
(If you’re bit more aggressive you could have taken the breakout of the inside bar on August 29, but I passed on this mainly because price hadn't cleared the swing high from August 8, at that point.)

I place my SL@ 1.2845 (45 pips) and my TP is the same 1.2980 (90 pips)
At this point I have moved my SL on my existing positions to 1.2790
 
To sum up My orders are now:

forex trading journal

Candle 8

On August 31, we have good strong bullish candle I like, but I don't enter new orders as we’re to close to my final profit target at 1.2980 The risk:reward (R:R) ratio is just not good enough to take this on. (I always look for minimum 2:1 R:R ratio)

I move all my stops to 1.2845

To sum up my orders are now:

trade journal for forex


Candle 9

It is September the 1st. I bring my daughter to her first day at pre-school. I check my phone (I get trade notifications from MT4 app) and BOOM - UK manufacturing PMI come out much higher than expected and as a result my final target at 1.2980 was hit for a massive trade and a massive profit. Few more trades like these and my daughters college fund is ready :)

To sum up my final orders look like this:

forex journal

Total profit 15.2R never risked more than 1R.
Total profit 1497 pips if you're into counting pips.

Who said August is bad month for trading?

With a smile,

Ivo :-)

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TOP 5 Forex traders of all time


by Ivo Luhse, founder of Evestin Forex - follow me on social media:

No matter how experienced you are in the world of Forex, you are in it to make the most out of your investments, and what better way to do this than to follow in the footsteps of the trading superstars. There are a number of Forex mavens who are willing to share their wise advice, and while we encourage you to learn from any established trader, some stand a good head and shoulders above the rest. Here, we give you a glimpse into the lives and successes of the top 5 Forex traders of all time.

George Soros

George Soros forex trader

George Soros was born into the Hungarian Jewish Schwarz family, and in 1936, his father dropped the Jewish surname as a means of protection from the Nazis in Europe. He changed it to Soros, meaning 'successor' or 'will soar' and this became Soros' life philosophy. This business magnate is one of the world's 30 richest people, and is known as 'The man who broke the Bank of England'. This is because in the UK's 1992 Black Wednesday currency crisis where the Treasury lost over £3 billion, his sharp wits and business acumen led him to make $1 billion in profit. However, success was certainly not handed to him on a plate. In 1947, Soros gained admission into the London School of Economics, and to support himself, he worked as a waiter and a railway porter. After graduating, He continued in similar roles while his passion for finances motivated him to apply for jobs at every merchant bank in England. Finally, he was offered an entry level post at Singer & Friedlander, where he worked alongside a colleague with associations in New York. Soros moved there to work as a trader for FM Mayer. This opened up the floodgates for him to gain experience and create his own investment funds. As well as sealing his reputation as one of the top traders of all time, Soros is well-known for his philanthropy and his co-authoring of numerous books in which he shares his knowledge and experience as a businessman and trader.

 

Stanley Druckenmiller

stanley duckenmiller forex trader

Stanley Druckenmiller started his financial career at Pittsburgh National Bank, during which time he founded his own firm, Duquesne Capital Management. He later went on to become the Lead Portfolio Manager of George Soros' Quantum Fund. Druckenmiller left that position after 12 years in order to concentrate fully on Duquesne, which gave an average annual return of 30% with no money losing years. In 2010, Duquesne was closed, because despite containing more than $12 billion worth of assets, Druckenmiller felt that the return on investments was too low. Along with other financial achievements and capabilities, an expert trading style, which he learnt from Soros, has certainly paid off for this now retired hedge fund manager. Druckenmiller is currently estimated as being worth $4.4 billion, which has allowed him to become one of America's most generous individuals, and he has a reputation for donating to medical research, education and anti-poverty movements.

Bill Lipschutz

Bill Lipschutz forex trader

A multi-talented New Yorker, Bill Lipschutz gained a BA in Fine Arts at Cornell as well as an MBA in Finance. Lipschutz became a hobby investor when he was a student. He would spend his free time researching stocks and shares, and in his early days of trading, built up an impressive portfolio of $250,000. One wrong decision and a change in the market meant that he lost his money, although the resilient Lipschutz turned the scenario to his advantage by using it as a learning experience. His investment skills were recognised at a Salomon Brothers training programme, where Lipschutz was asked to join their new foreign exchange department. It was at this time that forex trading took off, and Lipschutz started earning $300 million a year for the Salomon Brothers, making him one of the top 5 Forex traders of all time. Lipschutz founded Hathersage Capital Management in 1995 and he stresses that his financial success, which continues to this day, is very much due to an emphasis on risk management and an awareness that Forex is a 24-hour platform that does not stop while we sleep.

Bruce Kovner

Bruce Kovner forex trader

Bruce Kovner is yet another extraordinary New Yorker, as well remembered for his basketball and piano playing skills as for his business capabilities. After studying at Harvard where he worked on a number of political campaigns, Kovner became a cab driver. It was during this time that he discovered commodities trading, which set the stage for a lifetime of financial achievement. Kovner's first trade in 1977 was a risky one in soybean futures contracts. The $3,000 that he borrowed using his MasterCard paid off as the contract value increased to $40,000. He sold the contracts only after the price had dropped to $23,000 and to this day, he says that that harrowing experience taught him about risk management. Kovner went on to become a trader at Commodities Corporation, and then founded and chaired the diversified trading company Caxton Associates, LP. At the start of 2012, Kovner founded CAM Capital as the platform on which to manage his investment, trading and business activities. As well as chairing this organisation, he sits on the Boards of Synta Pharmaceuticals and various arts committees such as the Metropolitan Opera. His trading experience gives him a net worth of $5.3 billion.

Andy Krieger

Andy Krieger Forex trader

Andy Krieger has always displayed a flare and passion for finance and entrepreneurship. After doing his undergraduate degree at Pennsylvania University's Wharton Business School, he worked as a currency trader at Bankers Trust, where he had his lucky break. In 1987 at the age of 32, while most investors were panicking over the Black Monday crash, Krieger kept a cool head and turned the situation to his advantage. While all the world's currencies had suffered, Krieger noted that the New Zealand Dollar, also known as the Kiwi, was in a stronger position. He took up a short position against the Kiwi that was worth hundreds of millions of dollars, so that his sell orders exceeded New Zealand's actual money supply at the time. Krieger made $300 million in revenue from this transaction, much to the concern of the New Zealand government who tried to persuade his bosses to make him stop. He left Bankers Trust soon after to work for George Soros and then Northbridge Capital Management. He is another great philanthropist who has donated over $350,000 to support the Indonesian tsunami victims.

 

As well as making your investments increase, markets will always experience crashes, and what the top 5 Forex traders of all time have in common is a will and a determination to turn even the worst situations into cold, hard cash. Where others panic, they calmly analyse, and when others give up hope, they jump on emerging opportunities. They also take risk management very seriously and when their precautions as well as their risk taking pay off, they share their income with those in need. While they have made mistakes in their time, these men prove that all situations and experiences ultimately lead to great successes, which makes them an inspiration to those of us inside the world of forex trading.

 

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Automated Trading is the wave of the future

Financial Trading used to be an exclusive elite club – only a few lucky ones could join. There were guys on the trading floors shouting and screaming all day long – making and losing fortunes. This has changed with all the advances in modern technologies.
 
Trading floors are empty and exchanges are closing down. Most trading is now done electronically using automated strategies. And, thanks to the accessibility of vast resources through cloud services, it’s far easier than ever to share these automated strategies with everybody.
 
Join the hundreds of new part-time traders using our robots… today!

Manual Trading is a thing of the past – Automated Trading is the wave of the future!

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Why Forex Trading Is Better Than Any Other Financial Trading?

Size:
The Forex market is vast – the largest market in the world with more than $5 trillion traded on a daily basis, compared to the futures market that trades a mere $30 billion every day. All this liquidity means orders can be executed with little to no slippage and there’s always someone willing to take the other side of the trade.
 
Around The Clock:
Forex is the 24-hour market – around the globe trading. No waiting for exchanges to open. Trading begins at:

  • 5 p.m. EST for the Sydney market
  • 7 p.m. EST for the Tokyo market
  • 3 a.m. EST for the London market
  • 8 a.m. EST for the New York Market

Before trading closes in New York, the market in Sydney opens up – 24 hours of market trading.

 
Buy or Sell Makes No Difference:
Unlike the equity market, there is no restriction on short selling in the currency marketing. Trading opportunities exist in the currency marketing regardless of whether a trader is long or short or whatever way the market is moving. Since currencies get traded in pairs, it always involves buying one currency and selling another. Therefore, there is no structural bias to the market. This means you always have equal access to trade in a rising or falling market.
 
Easy Access:
Many brokers offer high leverage, which means you can start trading with just a few hundred dollars. Although we don’t recommend using more than 1:100 leverage and start with $2,500 if you’re a beginner.

Scalability:

Forex trading strategies can be easily replicated on large or small account. It does not matter do you have $2,500 account or a $1 million account, you can trade the same trading systems and expect the same order fills and same account growth.

 

Try Automated Forex trading for yourself with 30-Day Free trial

 


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What's the risk?

Money management is a critical part of our trading systems. In fact, this is one topic you should really understand if you’re going to invest in our trading robots. There’s no "holy grail" in trading, and there is the possibility of losing trades. Period.
 
Therefore, you must prepare yourself for this. All of our trades have a predefined STOP LOSS price that will kick in automatically if the trade doesn’t work like it was projected to.
 
Our robots calculate these Stop Loss levels automatically – the only thing you’ll need to do is set the risk per trade based upon your risk tolerance:

  •     Conservative: 0.5% per trade. (Max Drawdown expected: 5%)
  •     Average: 1% per trade. (Max Drawdown expected: 10%)
  •     Aggressive 2% per trade. (Max Drawdown expected: 20%)

If you get this part right, you’ll be one step ahead of other beginner traders. With the correct money management system, you’ll be able to survive drawdowns and raise again – this is how winning is done. No one will tell you this if you’re a beginner.

 

 

Join 100's of new part-time traders using our robots…



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Why are our robots so successful?

The first thing you need to know is that our robots are not like other robots. Most trading robots have been created using past price action and lagging indicators. Then robots performance is optimized to fit past price action. That’s why you see amazing past performance results on many sites.
 
What happens when these robots trade live? They go bust!
 
That’s because these robots are curve-fitted to trade with past price action and fail miserably when they trade with a new unpredictable price action.
 
In contrast, our robots are not based on past price actions. Rather, they’re based on real-life manual trading systems. We’ve taken three successful real-life trading systems as used by professional traders for many years. And automated them, so everybody can use them.
 
This is why you can see our robots only make a few trades each week. They scan the markets like pros, looking for the best signals and trading opportunities. Our robots don't use martingale, grid, hedging or high leverage. Instead, they mimic pro traders and risk a small percentage of your account per trade.
 
It’s like having a professional trader trading your account… except it’s better!

"Real Trading - Real Results"

 

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Experience Automated trading with investor password.

Investor mode allows you to access our robots, just like it would be with your own trading account. Your are free to browse around and get familiar with our robots and trading terminal. You can see all our Live trades and check our historical trades.

Don't worry, Live trading is not allowed in Investor mode, so you will not be able to open or close any trades.

1. LOG INTO OUR SERVER:

Once you log into our server, you’ll see eight charts that are preset with our robots:

  • 5 White Daily charts for EURUSD,GBPUSD,USDJPY,AUDUSD,XAUUSD is for Satoshi EA
  • 2 Grey Weekly charts for GBPAUD,EURAUD is for Gunner EA
  • 1 Black 1 min. EURUSD chart is for Fey EA

On the bottom of you screen you have terminal window. Here you can see current Live trades. To see historical trades - choose Account History tab.
To see all the account history - Right click anywhere in Account history window and select ALL history.

Don’t worry if you don’t see any Live trades. Unlike the majority of robots, our robots don’t make trades all the time. That’s because our robots are closely aligned with manual trading systems. We don’t use grid, martingale or other high-risk strategies.

The approach lets us control the risk, ensuring consistent profits over months and years. We average one trade per day, although it’s not uncommon for no trades to be made in a complete week. It’s all dependent upon the market. For us, less is definitely more.

2. LIKE WHAT YOU SEE?

If you like what you see, try our robots 30-Days for Free on your own account.

 

 

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RECOMMENDED BROKERS

It is important that we all get the same signals and same trades. Different Forex brokers can have different prices, spreads, time zone settings or high latency. This can lead to false signals and different trades on your account. For this reason we strongly recommend you open Forex trading account with the same brokers we trade. We trade only with strongly regulated, highly reputable and trusted Forex brokers. If you want to get the same trades - use the brokers below.

Choose your broker based on your location:

FOR CLIENTS IN UK (FCA Regulated In UK)

 

FOR CLIENTS IN EUROPE (MFSA Regulated In EU)

FOR CLIENTS IN UNITED STATES: (NFA regulated in US)

FOR ALL OTHER CLIENTS (ASIC regulated in Australia)

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7-Steps of Successful Automated Trading

1. Get to know your Trading platform.

First thing you need to do is become familiar with the MT4 trading platform, the world’s most popular, user-friendly trading platform.  Most of it is fairly straightforward… easy to understand even for first-time users.

We’ve installed the robots on your charts to assist with the easy setup. All you need to do is hit the “AUTO-TRADE” button found on the top toolbar. AUTO-TRADE needs to be activated at all times in order for our robots to make trades. If disabled, they cannot do this.  Be sure this button is on as it is turned off automatically if you switch your chart profile or trade accounts.

Before you get involved in the Live market, partake on a demo account. If you want to open a $10,000 live account, then you need to open a $10,000 demo account. You won’t have false expectations by doing it this way.

If you’d like to know more specifics about the MT4 platform, you can download the MT4 full user guide here

mt4 mobile

2. Download the MT4 Mobile App

Once you’ve activated the robots on the Evestin VPS, we suggest you download the MT4 mobile app to your smartphone. This is a handy way in which to watch your trading account. Go to your App Store and download the MT4 mobile app.  Log in to your trading account using the account number and password you were given by your broker.

You can even setup real time notifications sent directly to your smartphone when trading robots open/close trades. To learn how to do this READ THE INSTRUCTIONS ON MT4 WEBSITE HERE.

 

3. Get to know our trading robots

Don’t worry if you don’t see trades for several days. Unlike the majority of robots, our robots don’t make trades all the time. That’s because our robots are closely aligned with manual trading strategies that look for only high probability trades. We average one trade per day, although it’s not uncommon for no trades to be made in a complete week. It’s all dependent upon the market. For us, less is definitely more. 

We use a portfolio of different and unique trading strategies that each has it's own strengths. Some with high Win rate, some with high Risk:Reward ratio. This approach lets us control the risk and limit the drawdowns, while at the same time ensuring consistent profits over months and years in any market phase. Trendy or range bound, rising or falling markets.

TO LEARN MORE ABOUT OUR TRADING STRATEGIES CLICK HERE

4. Understand the Risk.

Money and risk management is a critical part of our trading systems. In fact, this is one topic you should really understand if you’re going to invest in our trading robots. There’s no holy grail in trading, and there is the possibility of losing trades. Period.
 
Therefore, you must prepare yourself for this. All of our trades have a predefined STOP LOSS price that will kick in automatically if the trade doesn’t work like it was projected to.
 
Our robots calculate these Stop Loss levels automatically – the only thing you’ll need to do is set the account % risk on each trade based upon your risk tolerance:

  • Conservative: 0.5% of your account per trade. (Max Drawdown expected: 5%)
  • Average (default risk setting): 1% of your account per trade. (Max Drawdown expected: 10%)
  • Aggressive: 2% of your account per trade. (Max Drawdown expected: 20%)

5. Think in probabilities and long-term success.

Don't use 30 day trading results to decide on your subscription as such a short time trading period is nothing but random.

Professional traders are not worried about the next trade winning or losing. What they care about is making money long term and grow their trading account over time.  They want to maximize their profits by playing the mathematics – by thinking in probabilities.

We look at probabilities on a large trade sample sizes over 3 months, 1 year and 5 years. Statistics and probabilities show that over long term our trading robots have an edge over the market. 

But just because we have an edge doesn't mean every month will be profitable. In fact there is 17% probability that any 30 Days of trading will be unprofitable. But the good news is that winning periods are much larger than losing periods. Our largest losing month was only -7% while largest winning month was a massive +16%

The market also tends to run in cycles, meaning that you should never expect linear performance from your trading robots. There are periods of stagnation, that can last for up to 3 months, often followed by sudden and strong moves in the market. This is where most of the profits are made. It's the way market shakes out all the impatient traders.

6. When you are ready.

In the last week of your trial, you have a good idea of how the robots are trading and how Evestin Forex works.  This is when you need to consider opening your Live trading account with a Forex broker. Use our broker to assist you in this process, as it gives you peace of mind that you’ll get the same trades as us. Different brokers can have different prices, spreads and time zone settings, which gives you false signals. If you want the same trades as us, you need to use our brokers.

FOR CLIENTS IN UK (FCA Regulated In UK)

 

FOR CLIENTS IN EUROPE (MFSA Regulated In EU)

FOR CLIENTS IN UNITED STATES: (NFA regulated in US)

 

FOR ALL OTHER CLIENTS (ASIC regulated in Australia)

 

7. Enable Account-tracking

Once you've setup your Live account make sure you take advantage of our Account-tracking feature. Your account will be added to our user portfolio that our trading experts monitor daily. This feature will also allow you to track your account progress in great detail straight from a web browser.

 

Wishing you all the success in your trading,

-Ivo

Founder Of Evestin Forex



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Why Are New York Close Charts So Important

Not all forex charts you look at are going to be shown in the same way – this can be extremely detrimental to our trading systems and produce false signals. The majority of the popular and available Forex brokers are not suitable for our trading system or any professional trader who uses price action. 

If you’re a serious trader, you must be sure you have forex charts that open and close in true alignment with the New York trading session.

 

What Does New York Close Mean?

New York close charts mean that the trading days ends at 4:59p.m. Eastern Time and the new day begins at 5 p.m. Eastern Time. This is when the stock market closes for the day as well. This is when the new daily candle starts and the previous candle ends.

Since New York doesn’t open up until Monday, there are only five candles per week on a daily chart. If you have six candles per week, know right away that it is not a New York close chart. 

Why Do You Need New York Close Charts?

Closing prices are the most important for any market because it’s a reflection of who won the battle between the bulls and bears for the session. Our trading systems closely watch the close prices and take trades only after the candle closes. If you want the same trades as us, you’ll need a broker with New York close charts.


Where Can You Get New York Close Charts?

We work closely with these brokers who offer the correct 5 PM New York close five-day charts.

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