As I have posted below, I recommended the shark expert advisor..

Just to give a bit of an update on the performance thus far.. For this month, there has only been one loss, which was on the 26th.

The return is approx 80% using 7% risk, and the safety of the EA is immaculate.

I do again recommend this as a long term trading strategy for anyone wanting to trade at fxoceania. As it compounds its lots, the risk need not be increased...

Contact me for more info.

New offer FXOCEANIA CLIENTS ONLY

New offer to all FXoceania potential clients. I will provide you with the means to create a long term investment strategy, investing only 2% of your capital at a time.
This is for clients with over 2K invested only.. And is for a Limited time only. Send me an email @ j.dentrinos@rebatefx.com or a pm over on talkgold for more info.

Good luck in the trading competition everyone who is entered.

Another trading system for the charts

I suppose alot of you already know of Imran saits 5 min g/j scalping method...

I use this one on occasion when I get a bit bored. Its a fantastic system for grabbing a few pips providing you really analyse your charts rather than entering blind off the indicators.

http://www.forexfactory.com/showthread.php?t=48926

There are many details for the system in that thread.

The basic indicators (Stoch his, laguarre and macd traditional) are great for a system, but you should always refer to pivots and fibs for an entry, as well as having a good view of the trend.

I am using an indicator called fibo_Zigzag.mq4 which automatically draws zigzags and updated fib lines. I find it very useful with this system, as I dont have to constantly redraw fib points.. It also gives me good entry signals, entering off fib points and targeting fib points.. Keeps things clean.

If I am not mistaken Imran (the creator) is using trend lines + his system, which is just as good, although I am not a fantastic trendline drawer (I get lazy with them).

It is definently a system worth trying out on demo at least.


P.S Don't forget to sign up for the free trading competition at www.forexcup.com

Profitable EA

Hey all,

Just a quick review of a profitable EA which a friend is using. The SHARK EA by ForexEaSystems, is a great little EA.. Although the R:R ratio is not entirely ''safe'' (it turns out to be 4 wins : 1 loss) the hit rate is high enough to cover any losses.

The EA according to its creators is based on 12 indicators, pivot points and fib lines. Although i haven't been able to confirm it.

Only a total upside down turn of the market (maybe 5 months of fundamental volatility) would wipe it out. On my journeys doing due diligence on this EA. I have not found one non profitable case.
The worst results have been reported on interbankfx, I would say this has to do with their excessive feed smoothing and price averaging.. This would effect the EA, as well as their ridiculous spread increases. But the users using this EA there are still managing to profit from it.

The EA has been working exceptionally well at fxoceania. And I will be using it in a months time on a live account.

For more Info on the EA please refer to http://www.forexeasystems.com/EA%20Shark%20Ultimate.htm

There is a live statement from the creators there, I think using a higher risk setting, although impressive never the less.

So if you decide to purchase this EA, I am sure you will encounter no problems using it at FXopen.

My recommendation for this is to start with a 2k account size, and trade 2-5% risk level.

Forex COMPETITION

The FXOpen/TalkGold Trader’s competition is a great chance for the novice trader to start trading in the FOREX market and win some valuable prizes as well. Experienced traders can use the competition to improve trading skills, try different strategies or even test Expert Advisors in a competitive environment.

FXOpen, in cooperation with Talkgold Forums invites you to join the competition and try to be best of the field and win the prizes. Remember, prizes of $1000 for 1st place, $500 for 2nd place and $300 for 3rd place are up for grabs and especially do not forget the $1000 additional prize from Talkgold for the winner!

FXOpen and Talkgold wish you good luck in the competition, and may the best trader win!

Winners will receive real money accounts as follows:

• 1st place $1000
• 2nd place $500
• 3rd place $300

The overall winner will also receive a Special Grand Prize, courtesy of Talkgold Forums of $1000!

This is the perfect opportunity for any new traders to get a head start in capital.

Sign up now at http://www.forexcup.com

First Profitable System - OZFX

I have been looking at the OZFX system ever since it came out on talkgold. Although not trading it on a live account, I have demoed it a fair bit, and referred to it to verify signals from my own trading system.

The swing trading methods are very easy for the newer traders, and tend to reap better rewards and a higher hit rate. Thus I recommend this method to anyone newer to trading.

http://www.ozfx.com.au/ has full details on it but I will summarize it.

The main part of the system is the stoch + AC oscillators. Although not a heavy believer in indicators for short term trading, they tend to give you decent entries into long term positions allowing you to get a hundred or two pips before the trend reversal...

I don't know exactly what other people have done to improve this system, but on my charts I have the Snipers CCI trigger and a fibo zig zag indicator (it automatically draws fib points, I don't use the zigzag aspect of the indicator).

The fibo is perfect for targets and stop losses when using this system, which I believe this system lacks for security. Manually drawing fibos would work also. There is a lot of material for that if you just google fibonnaci.

You will find threads about ozfx on talkgold, forexfactory and forex-tsd for more detail and images... Also the ozfx website which has been posted above...

Welcome to my blog.

Hey Guys, Takii here.

As you all may know, I am currently the support for Fxoceania.com. As a benefit to its members, I will be posting here references to successful trading strategies, as well as opportunities within Fxoceania.com.

We will be holding monthly live account competitions starting the end of April based on account size percentage increase, with cash prizes.

If you haven't already got an fxoceania.com account. Do sign up on website. And if you have any queries please do not hesitate to contact me via the support emails, ICQ, Skype or even PM on talkgold.

Also, should you be running a profitable EA, contact me for details on rebates (regular accounts only), I would also be glad to help you find clients if you can prove to me that your EA or trading strategy is profitable over a 3 month period, without any major drawdowns.