FlowFXSignals - Professional Trading Signals for Forex!

Benefits of Subscribing

2011-03-25T00:09:00.002-04:00

1. More signals more often. 23 pairs in our system for trading.
2. Inexpensive compared to other systems
3. Proven Track Record
4. Can cancel at any time with little out of pocket expense

Development Heaven

2011-03-20T01:02:00.002-04:00

I'm working on it... When I make a promise I keep it!!!

Announcing Changes to our Software

2011-03-19T23:27:00.001-04:00

First of all I want to thank you all for your interest in our software products. To date after trading with our software for 2 years we have tripled our trading account twice. This was not our goal when I started this venture. My goal was to provide a trading signals service that could be easily used by new traders to get ideas.

So we have been receiving a lot of emails recently asking for free signals and we have decided to make a compromise in this regard. The software is being completely rewritten from the ground up and we apologize for it taking so long to get out the newest version. With that being said here is what we are planning on doing.

1. We will provide free signals for the major pairs (users will not have to register or pay for this service)
2. If you want all of the other signals we will continue with a subscription service that will be $9.95 per month per account. We feel this is fair because it cost money for our servers to perform the analysis and generate signals.
3. Our twitter feed will be providing the major 4 signals for anybody that wants to trade with us via Twitter.

We feel that this approach is the best approach to allow everybody to try before you invest. Sort of a put your money where your mouth is approach. If you like the signals please subscribe. If you don't like them you are free to trade them or ignore them. Let us know what you think.

I promise that this software will be released by 9AM EST this monday.... Stay tuned...

Service Being Revamped

2011-02-06T08:16:00.000-05:00

I wanted to give you all an update and let you know that our services are currently being revamped. If you are using our software I recommend you continue to use it. However I have made some major changes to how signals will be generated in 2011. The biggest change is that I am working on an exclusive managed account solution for banks and financial institutions to be able to trade very large amounts of money and also working on providing a micro account system (work in progress). I will update you all shortly on the progress and projected launch dates.

The new software will allow FREE trading of the major 4 pairs and to obtain the others will require a subscription. MORE NEWS TO FOLLOW!!!

Why the Pro's are getting thrown for a loop right now...

2010-09-28T19:55:00.000-04:00

First of all let me apologize for being extremely busy. I am still trading and working on my various methods and I have to say that things have been going well for me when it comes to trading. The one thing that I have not had the last few months is TIME. I am about to have even less time until sometime in February due to work but that being said I am still highly dedicated to making improvements to the site and systems that I have been using.

I have been given some good indicators that I am currently testing and will be sharing soon, I am working on a complete rewrite of the software code to release a gold version that will allow users to set their own alert parameters or select from some preset values... Now on to my article...

I have been watching with interest over the last few weeks how the pro's have been getting hammered when trading using technical systems. For instance just look at the results on this page to see what I am talking about.

http://www.fx360.com/techAnalysis/trade-ideas.aspx

As you can see you might as well just flip a coin when it comes to their suggestions and you will probably come out better. By my count I see 11 trades that did not produce (as of the writing of this article) and only 6 that panned out. It won't take long to wipe out an account with advice like this.

I have been watching institutions pull money out of the market and have been watching news spike and retrace almost daily. Everybody is uncertain right now and rightly so. Nobody really knows the depth of the recession and is speculating in a speculative market. With this being said the technical systems just are not working and are not recommended right now.

Most people would be better trading conservatively until such a time as things stabilize. I know some in the other camp will be dumping large amounts of money in accounts and trying to get large gains which is OK if you have the capital to do such.

Stay tuned for my article on using various brokers and why a single broker is a recipe for disaster in Forex trading. Until next time..... Happy Trading...

Another Status Update

2010-08-17T00:49:00.000-04:00

So I'm sure you all are wondering where I have been and what I have been doing. I have decided that the desktop product was taking too much of my time so I have decided to do the follow.

1. Use the existing product and implement the new features onto a proven platform. ie. Adding stop loss and take profit to the existing software.

2. Stop development on the Desktop Product UNTIL I get free time (probably this winter)

I know some of you probably won't like it but I'm working on a framework to allow you to set your own parameters in the existing program.

I took this route because I have been concentrating on my own trading. I am also starting the Twitter signals back up as I have not had time to run the application that does this. The twitter feed WILL also have the stop loss and take profit points.

Second Note: I am also looking for some people that have coding experience to assist me with the next version. If you have experience working with Metatrader or simple scripting I would love to hear from you so please email me.

That's all for now. There WILL be an update real soon...

Status Update

2010-07-24T15:48:00.000-04:00

Since I have been planning on being on vacation for the next week or week and a half I thought I would release the Desktop product for Beta testing. Keep in mind that there will be alot of features that will NOT work and that I only trade the LONG term trading signals only and you should be able to get an idea if this new system and method will work for you. Also I have NOT completed the manual which will give my exact trading methods so as soon as I finish documenting everything I will get the manual up to date. If you guys could please tell me how often it hangs, crashes or otherwise gives you problems because I need to know what is working, what error messages you get, etc, etc.

Good luck and don't hesitate to contact me although my responses may be a little delayed since I will be flying a good bit the next 2 weeks.

You can download the Beta here.

Coding Like Mad

2010-05-25T21:17:00.000-04:00

Yeah see I am hard at coding... Crazy actually...

Working on the following:

1. Entry and Exit Points
2. Signal Quality (Better than before)
3. 3 Profit Points Per Trade (Will be explained later)
4. Better decision making

Be patient it's coming...

Be Careful with EUR/USD

2010-05-22T19:20:00.000-04:00

Current Status of the Euro

I wanted to update you all on the current status of the EUR/USD pair as we are about to see it hit some key areas. The 1.26 area and 1.30 area are key resistance points where we will either see a reverse in direction or continued climb to the next level (Fibonacci long term). These areas should be watched very carefully. If you are using the FlowFX-MV2 EA you should be watching as these levels are approached to take whatever action with the EA that you need to take.

I hope you all had a great week and I look forward to trading next week...

External: Market Inquiry Focuses on One Trader

2010-05-12T10:44:00.002-04:00

Regulators examining the causes of the brief stock market free fall last Thursday are looking closely at heavy selling in the market for stock-index futures by a single trader, beginning 10 minutes before stock prices began to plummet, Edward Wyatt and Graham Bowley report in The New York Times.

Gary Gensler, the chairman of the Commodity Futures Trading Commission, said at a Congressional hearing on Tuesday that during that crucial time period, the futures trader, whom he would not identify, accounted for about 9 percent of trading volume in the most actively traded stock-index derivative contract, known as the 500 e-mini futures contract.

All of the trader’s orders were to sell, Mr. Gensler said, while most of the other 250 traders who were active in the same market that day were both buying and selling securities.

As the trader’s orders went through, the futures index on the Chicago Mercantile Exchange began to plummet.

The identity of the trader remained unclear. Terrence A. Duffy, executive chairman of the CME Group, which operates the Chicago exchange, said on Tuesday: “We obviously won’t divulge that market information. We are in contact with the folks that did the trade. There is no question that it is a bona fide hedger” and not someone intending to disrupt the markets.

Moments after the trade, individual shares traded on markets around the country started to drop sharply, and regulators are looking at whether the trade in the futures market could have been a catalyst for the spiral.

Mr. Gensler emphasized that regulators were continuing to search for the causes of the brief panic and were likely to find other trades that could also have contributed to the plunge.

In singling out the trade in the Standard & Poor’s e-mini futures contract, however, regulators are suggesting they view that trading activity as critical to understanding the sequence of events that erased more than 600 points from the Dow Jones industrial average in minutes on May 6.

As stock markets began to decline, regulators say they believe, other factors came into play that accelerated the fall, including the absence of circuit breakers on several electronic exchanges even as the New York Stock Exchange’s own circuit breakers kicked in.

Three rival exchanges stopped routing trades to the exchange’s electronic market after they perceived technical problems there. Market experts say they believe this prompted high-frequency computer traders, who account for a vast swath of trading, to withdraw from the market.

Mr. Gensler and Mary L. Schapiro, the chairwoman of the Securities and Exchange Commission, both emphasized on Tuesday that their agencies’ investigations had not yet settled on a single cause of Thursday’s volatile trading and that numerous factors could have contributed. Their comments were in testimony prepared for the House Capital Markets Subcommittee.

“Ultimately, we may learn that the extraordinary disruption in trading, however it may have been triggered, was the result of a confluence of events,” Ms. Schapiro said, “which, taken together, exacerbated what already had been a down day and led to an extraordinarily steep price drop and recovery. However, we are not prepared at this time to draw that conclusion.”

Mr. Gensler’s comments about the potential cause were the most pointed of any regulator in the five days since the markets suffered what Ms. Schapiro called a “profoundly disappointing and troubling” break in the stock market’s stability and integrity.

For now, both regulators said that they had largely ruled out several other potential causes that had been widely discussed since Thursday, including erroneous or so-called fat finger trades, unusual trading in Procter & Gamble stock, and hacker or terrorist activity.

The regulators’ testimony provided the first official timeline of the events that preceded the mini-crash.

At the time the futures trader entered the market at 2:32 p.m. Eastern time on Thursday, stock prices had already fallen significantly. The Dow Jones industrial average was down by about 1.5 percent by 2 p.m., Ms. Schapiro said, and Mr. Gensler noted that in the next 24 minutes, several closed-end mutual funds, which trade on stock exchanges in a manner similar to stocks, fell by 50 percent or more.

Shortly after the futures trader began entering sell orders at 2:32, “the market decline began to steepen,” Ms. Schapiro said. By 2:42, the Dow was down 3.9 percent. Then, the bottom fell out, with the Dow diving nearly 5.5 percent in the next five minutes, before rebounding by about 5 percent in the next minute and a half.

“Our preliminary analysis shows that this precipitous decline in stocks, and the subsequent recovery, followed very closely the drop and recovery in the value of the e-mini S.& P. 500 future, which tracks the normal relationship between futures and stock prices for the broader market,” Ms. Schapiro said.

She cautioned against drawing too direct a conclusion, however. “It must be recognized, however, that the fact that stocks prices follow futures prices chronologically does not demonstrate what may have triggered the price movements,” she said.

Mr. Gensler also pointed to several factors in the market for individual stocks that could have led to the market’s decline, including the overall turbulence in the global economy, particularly in Europe, which had made traders edgy.

The two agencies said Tuesday that they would form a joint committee of academics, market participants and former regulators to address regulatory questions raised by last Thursday’s market turmoil.

Ms. Schapiro said the S.E.C. had issued several subpoenas to unidentified people or entities to help gather information related to the market crash. She said regulators needed the subpoenas to gather information from nonregulated entities, a group that would include some hedge funds.

Ms. Schapiro said the enormous increase in trading volume in recent years was complicating efforts to draw clear conclusions about the plunge.

When a special commission examined the market crash of 1987, for example, investigators looked at a day when trading on the New York Stock Exchange totaled about 600 million shares. Last Thursday, 10.3 billion shares of stocks listed on the exchange changed hands.

Ms. Schapiro said the S.E.C. had already begun to examine whether high-frequency traders, whose computer-driven systems trade millions of shares of stocks daily, should be subjected to stricter trading rules to protect market integrity and quality.

The evolution of electronic stock markets in recent years has resulted in high-frequency traders taking over many of the market functions previously filled by stock exchange specialists and market makers who provided the bulk of stock market liquidity, Ms. Schapiro said.

The major stock exchanges also testified to the subcommittee on Tuesday, with each generally pointing fingers at the others.

In its testimony, the Nasdaq exchange pointed to technical problems related to the New York Stock Exchange’s electronic trading system called Arca.

During the market chaos this caused three exchanges to stop routing orders to the New York Stock Exchange because of what they saw as slowness in response times or unreliable quotes being posted by the exchange.

The New York Stock Exchange says there was no problem with its technology. But market experts said the decision by the exchange’s rivals — Nasdaq, BATS Trading and CBOE — to make that move added to the nervousness of high-frequency traders who abruptly withdrew from the market.

“The normal stabilizers were pushed out by the systems glitches,” said James J. Angel, a professor at Georgetown University who studies financial markets.

FlowFXForex Seminar

2010-05-09T20:34:00.001-04:00

The first seminar is scheduled for this upcoming Weds. Click the link to register for the seminar.

Dimdim Event Widget

Typically I don't do this...

2010-05-09T20:17:00.000-04:00

So I was reading through my email today and I am in touch with alot of the developers of Forex trading software and Kevin Long one of my longtime favorite MT4 coders published a link to some free indicators that he uses to trade. Kevin has been very successful in his trading so I thought I would share hit tool that he uses. In the file you have a single MT4 indicator and his PDF instructions. I have used his tools in the past. He is about to release a fully automated solution which I will be helping to test. I will report my finding here when I am finished with testing. With all that being said I hope you all have a great trading week.

Kevin's Tool in Action

4Xpert Signals Software

2010-05-07T21:31:00.000-04:00

Description
The 4Xpert Signals software provides Forex signals to subscribers in real time based on data from technical, fundamental and proprietary sources. The technology is highly accurate at 79% accuracy since January 2010. The software is available for $9.95 per month or $99.95 per year with unlimited use.

For more information on signals you can visit our Google Discussion Group or read my Blog articles.

Watching EUR/USD and USD/CHF for retracement this evening

2010-05-04T20:32:00.000-04:00

As most of you know the market has shown some very strong slides in the EURO and some strength shown in USD pairs. As you can see by the chart the EUR is sliding against the dollar. This is a perfect time to make some profits when it corrects. It should retrace to about 50% of where it was overnight.

I bought in at the level shown and hope to see it retrace 50% of the losses that it has shown today. I believe the majority of this slide is due to the Greece news and we will see tomorrow. As of now I am doing quite well on each of the pairs I'm playing... These are 2 of my favorite pairs to play because they are usually opposite of one another since they are both based on the dollar.

Currently Playing USD/JPY

2010-05-03T13:36:00.000-04:00

I am currently in USD/JPY looking for a red bar on the AO with alerts indicator.

I will update shortly and if the bar shows up as expected.

Version 6 is in Beta and Now available for Download

2010-05-01T16:03:00.000-04:00

I wanted to put out a quick message that Version 6 is now available for download. Make sure you all uninstall version 5 completely before you install Version 6. All existing customers can login and use the new version without issue. Report any problems to Kevin. Thanks and have a great weekend.

Be sure and read the manual as a lot of information has changed.

Version 6 Update

2010-04-30T21:11:00.000-04:00

Since the market is closed I thought I would update you all on the newest version of the software. This new version will be the commercial and final version. I know I said version 5 was the last version however after getting feedback from some of my users I decided to go ahead and start working on this version that is mostly fixing issues in the current version and adding some simple feature request that I have received from my end users and paying subscribers.

The new version will do some pretty quick calculations and resolve some of the issues with the data feed that have been causing us issues for months now. I have been working with our data provider to have them send me error codes if the data being sent is in error which will prevent the software from hanging when it encounters a problem.

More to come but I wanted to let everybody know the FlowFX team is working hard even on the weekends...

Instructions for Installing Custom Indicators

2010-04-30T16:15:00.001-04:00

Installing Custom Indicators

1. First download the indicators to your computer
2. Unzip the custom indicators and copy all of the files to your Metatrader indicators directory. Most of the time the directory is like C:\Metatrader4\Experts\Indicators.
3. Restart your Metatrader platform.
4. Open the chart you wish to put the indicator on and place the indicator on the chart.

Below is an example of the Awesome Indicator with Alerts and Williams %R Indicator with Alerts

Once you have the indicators on your charts set your chart to 4H timeframes and monitor for signals.

Make sure you put "Experts" in the Exports folder and "Indicators" in the Indicators folder. They will show up in either "Custom Indicators" or "Experts" explorer in Metatrader.

Watching Canadian Currency Advance

2010-04-30T12:22:00.000-04:00

I am sitting here at my weeks end hoping that the Candian dollar retraces a little before the weeks end. The Canadian currencies are showing some really good strength but since I am managing the funds well I am not concerned at this time. I made some really decent trades this week and even if my Canadian pairs stop out I am still in great shape. I have been trading more long term and have found that I like long term trading better because the profits are greater and I don't have to sit in front of the computer all day to lock in my profits.

Lemme know how your week went guys.

Update from 35000 Feet - Delta Internet Not Terrible...

2010-04-27T18:39:00.000-04:00

Since I have been hiding all week and signals have been few or far between I thought I would update the blog and let you know what I have been up to. I apologize for not having the Twitter feed active but i figured those people are not supporting me financially and with stats, trading suggestions, etc so they can fend for themselves for a day or two until I get home. I flew out to Arizona for a wedding and am back on the trade desk (remotely of course) from 35000 feet. I am getting excited because I get to do alot of travelling this summer and the plane is ready to go. So yes I am trading during my flight and no I did not die and will have Twitter back up and working tomorrow for all the moochers...LOL

I wanted to let everybody know that EUR/USD and USD/CHF is looking ripe for a major retracement on previous gains and losses. I am currently in both positions waiting on making the big move. In addition I am thinking about creating another trading system after having great success with the current system and the new system based on the Williams indicator that is more long term and doing exceedingly well during my testing.

The current system as you know is FlowFX and is based on many different Indicators and the next trading system I complete will be code named raptor (and yes I will actually complete an EA for the Raptor system). I have been seriously overworked and busy with family to actually finish the FlowFX EA that I started. It looks easy to do on paper but is harder to wright in actuality than I ever imagined because of the decisions that are made by the software that I provide to everybody.

Anyway signing off for now. Hope you all have a great trading week this week. Things are all over the place and that's exactly how I like it...

EUR/USD Big Support at 1.3210 - Broker Stop Loss Hunting

2010-04-22T19:48:00.001-04:00

So I am Long on EUR/USD and Short on USD/CHF at the moment and thankfully practice good money management that I am setup if/when it bounces back. However I noticed something with my broker that is making me double think my decision to trade with them. I have been checking rates at other brokers all day to make sure things were on the up and up and I now see that my broker is short on the number of positions they hold against their clients. All other brokers are showing 1.3218 right now but my broker is showing 1.3190 and is bouncing all over the place. I'm beginning to think they are deliberately ripping off their customers so I am looking for a better broker. I want your suggestions... Thanks.

There is major support at 1.3288 and I suspect that my broker will be making a fast correction dumping alot of people out of their positions in the process to benefit themselves. I will update accordingly as things pan out.

My Trading Strategy

2010-04-21T23:02:00.001-04:00

I started trading Forex in 2008 as a way to pass time and to learn the market. I burnt through demo account after demo account until I decided to take the guess work out of Forex. I have tried trading other peoples systems, expert advisers (EA's in Metatrader) and many suggestions from friends and more skilled trader. From my experience many of the traders making money in Forex will not disclose their system(s) so it was up to me to make my own systems and test each and every one of them to determine exactly what works for me.

In late 2008 I stumbled upon some documents that described technical and fundamental trading calculations that are being used by some large banking institutions. I studied and tested the methods but each calculation took about 15 to 20 minutes to calculate and by that time the trade opportunity had already passed. I watched time and time again as I was doing the calculation and watched potential Forex profits go out the window. As a programmer I knew that I could create a better way. The first order of business was to find a data supplier and several websites that I could grab data quickly and in real time to make Forex decisions. We currently have 3 different data providers that are being utilized. Now that I had the data I began the creation of a quick scanning application that would quickly perform the calculations that took me 15 minutes or more early in my trading. The first draft of the software worked but was lacking some features. Now that I had a working demonstration I decided to release the software to the public and see what others thought. Suddenly I began getting emails from people all over the world thanking me for the system and software and that is how the FlowFXForex system began. I spent the entire year in 2009 testing and retesting the software application.

Fast forward to 2010! Now that the system has been tested for 2 years I decided to start providing signals on Twitter to other like minded traders and at the same time I began selling subscriptions to the software (the software is client/server based) so that I could recover the cost that it took to produce and test the software. I began to realize that people will use the signals at a profit as long as they don't have to pay but once you start charging them for the system they move on and have little interest. I call these people jumpers. They want something for nothing and don't realize that Forex trading should be approached as a second job. It takes time, energy and alot of reading, research and analysis to be a successful trader. That is why I began the system in the first place to reduce the amount of time it took me to take action on a potential trading opportunity.

Frankly I think my pricing of $9.95 per month or $99.95 per year is a bargain. In fact you can recover the monthly fee in a single trade and the annual fee in 3 or 4 trades easily. So I have made the executive decision that starting 1 May 2010 I will no longer give away the free signals. It would not be fair for me to charge some people and post the same signals to Twitter where they could have gotten the same information for free.

I have been through the stress, loss of funds, and long days and nights coding and testing and I think that it is only fair that I take this system to the next level. I have had a few offers to purchase the rights to the software but I have not accepted any of these offers. After all I am a trader first and developer second. I am in this long term with my clients and do not think the time is right to allow any third parties to purchase and use this software. If you pay for any of the free versions I would also like you to report that to me immediately. If you do not want to subscribe to the service that is fine there are free versions at Sourceforge you can download that I will no longer be supporting (and that may quit working properly at any time). These versions do not use the same information to make decisions as our current system and are prone to hanging and crashing (hey I was learning how to do this remember so these versions were basically beta versions of the commercial product).

With that being said I invite you to take a free 30 day trial of this system. There is no obligation if you cancel in the first 30 days and I would also like your feedback, suggestions, etc. I thank you for your interest in this system and I look forward to a profitable 2010 along with you!

Kevin Wetzel
Developer and Trader FlowFXForex

Using Williams Indicator to get Free Trades

2010-04-21T11:20:00.000-04:00

Potential New System
So I have been playing with various indicators over the past few days and I have stumbled upon something that has been working very well for me. I have been moving toward a more long term system and have been working with the Williams Indicators (With Alerts) that I posted to the website earlier in the week. I have been using the following settings with this indicator to know when to enter long term trades.

Settings:
First I open all of the available pairs through my broker and set the charts to 4H. I then attach the Williams indicator with alerts and set the alert levels as follows.

BullLevel -95
BearLevel -5
AlertOn True

Once this is setup I wait for the Indicator to alert me.

Opening the Position:
Once the indicator alerts I open either a buy or sell order based on the alert (It will tell you which way to go). I then set the stop loss to 20 Pips and set a 25 point trailing stop. I then hold the position until it is stopped out. I have been opening full lots and as you can see from the screenshot within a few minutes I am usually in a free trade.

Screenshot

I have been having very good luck with this system and usually I hold the position for a few hours to get the maximum profit. Before entering you should probably verify that the RSI and STOCH are turning in the direction of the trade.

Signals Active - New Blog Feature

2010-04-20T13:37:00.000-04:00

New Signals via the Blog

I have decided to give long term signals directly on the blog. They will show up at the top of the page. I will update them at least a few times daily. I recommend that everybody using this system continue to use "Safer Mode" so that you do not wipe out your accounts. Hopefully you are all practicing good funds management with your accounts. I do not want to see anybody become a statistic.

Signals Instructions

With these new signals I am posting the stops, take profit and when you should enter. It may take up to 2 weeks for the conditions of these long term signals to be right for entry. I will be posting updates along the way and will update if the signal becomes invalid as well...

Changing my Strategy

2010-04-19T16:34:00.003-04:00

Working Long Term...

I have decided to change my way of trading to be more long term (offers more stability) as compared to the short term signals available through the application. I also thought that some of you would like to use the same method so I released an update to the software client today. Now if you select "1-Long Term" and click set mode it will be trading exactly the same method that I use on a weekly basis. I set my stops in this mode for take profit to 40 Pips and my Stop loss to 40 Pips. This has worked great. I am upgrading the help file to reflect the changes to the application. These new signals are to be held for around 8 hours.

Clarification: I am changing my strategy but I want all the users to continue to use Safer Mode in the application until I feel confident that Long Term is working as it should be. You need ALOT of capital to do long term trading so you will do better intraday trading with Safe Mode.... Hopefully I didn't confuse anybody.

About our System - New Methods and Thoughts

2010-04-18T15:55:00.001-04:00

I have given some indication in the past on exactly how our proprietary system works but I have not gone into explicit detail. While I would love to explain all features of the system I have been reluctant to give away any of the formula's that I use to actually trade profitable consistently. I provided the application so I would not have to give out the details and could still allow people to trade using my system without giving away company proprietary information.

Starting in May I am stopping the free signals on Twitter so that I can better serve my paying customers. I have had emails stating that some people were not happy with that decision. I look at it this way. I spent over 2 years of my time, energy and testing to be able to trade consistently. If everybody could do this then you would not need me or the signals that I provide so I have made a few decisions.

1. I will be starting a subscription based service. The service will cost $9.95 per month and only paying members will be provided with the signals.

2. I am looking into starting a managed fund for anybody that does not have the time to actually invest full time.

3. I am looking at starting a monthly seminar for members to discuss some new and different methods that could be used to improve the program. If people contribute I will waive their monthly subscription fees.

Looking into a New System:
While talking with some friends over the weekend I discovered that there have been many request for hard set entry and exit points as well as stop loss settings for these trades. I am currently looking into this as well as price action trading that would utilize no signals at all and simply be a daily system that trades price action only. More information on this method may be posted soon. I am currently trading with the price action method in addition to my signals software and I will let you all know when it looks promising...

Using Williams Indicator
I have another potential method for using Williams Indicator which I have been testing that has been giving me 66% accuracy of signals. Since the signals are NOT as accurate as what we are currently using I have not implemented signals for this method in the program. I may be updating the code to allow my method, Williams method or both at the same time. This will provide more signals to trade that are good enough to remain profitable.

Here is a chart using the Williams Method:

Good luck this week!

End of the week update (Up 15.7% on my account)

2010-04-16T15:07:00.000-04:00

I ended the week up 15.7% on my account. I was up 20% at the beginning of the week but I has some bad signals. I traded 39 signals of which 6 were not profitable and 33 were profitable. Had I stuck with a consistent lot size I would have been up about 18 percent on the week still so my rule for next week is to keep the exact same lot sizes on all pairs and stop being afraid of signals that look shaky.

Testing some other Methods

In addition to using the 4Xpert software I am testing a new long term method. If it pans out I may release a different version of the software that looks for these long term signals that will be 2 to 3 day positions. I am working on seeing if I can write an indicator for MetaTrader 4 to put indicators on the charts but that will be some work any may take me some time to figure out so be patient with me.

Twitter Feed Status

I am thinking of stopping the publication of signals to Twitter feed because I feel that it would be better if I had a smaller group of people that I traded with. I don't mind giving away free signals but I don't think it's fair to the people that actually pay for the software when you can get slightly delayed signals from Twitter. Any feedback on this issue would be welcomed. I may just use the Twitter feed to post stats and such and stop posting signals.

Until next week have a great weekend!

Over 20% increase in my account this week...

2010-04-13T11:36:00.005-04:00

Talking with P (A fellow trader)
After talking with P a fellow FlowFX user I learned his exit strategy. After implementing the method on my own trades for a few days I realized that it was a great method to use to exit. The FlowFX system is great for telling you when to get into a trade but the missing piece to the puzzle was the exit strategy. After a few days I think I am gonna document the exit strategy that we use so you can all see how it works (with P's permission of course).

I have seen a 20% increase in my account this week and this is only the start of the week!

Working on some new features:

Ability to set custom times for refresh rate
Ability to disable unused features
Advanced mode to set trade parameter sensitivity

More to come!

How do our Signals Compare since January 2010

2010-04-13T11:14:00.001-04:00

Tracking our Progress
Since January I have been tracking the signals service progress to see how profitable this has been. I have gotten A TON of positive feedback from my subscribers and beta testers. I have started a subscription based service for people that want to download the application or as always you can get free signals via Twitter (slightly delayed) or on the bottom of this website.

Stats Since January
January: 81% accuracy 942+ Pips
February: 71% accuracy 879+ Pips
March: 86% accuracy (new version less signals but higher quality) 1019+ Pips
April (To Date): 81% accuracy Pips NA

FlowFX Software (Our award winning Signals Software - $9.95/Mo. Subscription or $99.95/Yr.)

Note: Our signals data feed cost $9.95 per month. We are so confident that you will make back your money that we offer a free 30 day trial to test drive the application.

Forexpros Technicals vs. FlowFXForex Signals

2010-03-17T15:07:00.000-04:00

So I have been checking various other signal services over the past few days/weeks and comparing their results to the FlowFXForex swing trading signals. Today I noticed something interesting with ForexPros technical site. Looking at EUR/JPY I see that they recommend strong sell.

Our software issued a signal earlier as you cal see...

17-Mar-2010-01:02pm Buy on eur/jpy Received strength Signal: 6 Trend: 1 Volatility: 1 RSI: 29 Price: 123.9809

From the signal you can see that on our pricing and signal scale the current level or trend shows a slight increase potential with a Trend of 1. Our signals are showing a level of 6 indicating the pair will go up. The RSI is low at 29 confirming the potential for the increase.

I have opened a position and will let you know what happens with my positions. It seems I am pitted against the recommendations of this other service but our software is saying it's a BUY.

Good Luck this Week

2010-03-07T19:43:00.000-05:00

I wanted to wish everybody luck this week. Currently I am doing the analysis from signals that were received last week. I will be posting stats later this evening.

Sitting Sideways

2010-02-25T13:41:00.000-05:00

Sitting Sideways
So I received a signal this morning to enter AUD/CAD and briefly it looked like the signal was confirmed. As I watch the pair it is currently just moving sideways. No real spikes or dips. As I sit i'm still convinced that the pair will eventually dip and I will exit my positions. Since the technical data is not as strong I will exit on any profits... How do you deal when the market stalls and your tied up in a trade?

Twitter Feed Status

2010-02-25T07:26:00.000-05:00

We are currently having an issue with our Twitter update feed. We are currently troubleshooting our system to determine why signals are not updating to the site. We will post an update when we have determined the cause of the outage.

Twitter Changes Coming...

2010-02-17T17:28:00.000-05:00

Due to some people not understanding the Twitter feed or how to use it effectively we will be making a change soon. Currently we have been giving you all signals we receive. In the future we will be giving you only signals that we feel are valid. This change will take place starting next week. If you want up to the minute signals I suggest you download the signals software from our Forums.

Past Live Trading Results

2010-02-15T21:52:00.003-05:00

In February 2010 I began keeping track of statistical data as well as my trading logs so that if anybody needed to review them in the future that they would be available for review. Below are the results and this document will be updated weekly.

Week of 8 Feb 2010            +18.2% Increase in Account Balance lot size 0.08
Week of 15 Feb 2010          +13.5% Increase in Account Balance lot size 0.10
Week of 22 Feb 2010    - 7.2% Loss - Terminated due to trading rules size 0.12
Week of 29 Feb 2010         +14.2% Increase in Account Balance lot size 0.12

13.5% Today

2010-02-15T20:29:00.000-05:00

So I started the day out thinking this was gonna be a good day. The market movement was very little today so I started hedging some of my positions because I had some losing trades in progress. After hedging and getting out at a small profit (I only hedge if I'm losing big and need to prevent farthur losses within my rules).

I was tired of the market not moving so I went to bed. I set my losses at 30 Pips up or down on all open positions and went to sleep. Upon waking up I realized a 9% increase in the account balance. By the end of the day I was at 13.5% from our signals. I am trading in mini lots right now but am about to move to full lots since the system is working very well... More to come.

Hedging EUR/USD Positions

2010-02-15T03:47:00.000-05:00

Lesson Learned Last Week
So as many of you know I keep my margin levels in check when I'm trading and last week I decided to hedge one of my losing trades and then watch for the correction. It seems that there is uncertainty in the current EUR/USD pair with analyst saying it will go down, up, sideways, who really knows. I decided since it is one of my favorite pairs that I will hedge my trade and exit when the hedge position becomes profitable and then rebuy more lots in the other direction and then do it again if that position goes haywire. We will see how this goes and I'll post some updates later in the trading day.

Sneak Peek Version 4

2010-02-15T01:41:00.000-05:00

Sneak peek of the commercial version...

Yes there will be a free version incorporating these features as well!

Some New Features:

Swing Indicator for you Swing Traders
Forex News Feeds
Integration with Yahoo Charts and Data
Ability to create your own trading system by supplying parameters for the Indicators
Ability to set alerts via Email, Twitter,SMS or other messaging systems

Typical Slow Sunday Evening...

2010-02-14T22:36:00.002-05:00

I should have learned to trust my signals software ONLY. I manually traded this one and as you can see it's stalled... I need to learn to only get into signalled trades when the market is slowed.

Just thought I would share... What a sunday evening trade looks like... Can't wait till the US market opens and shakes things up a bit!

Note: It should be noted that I was able to exit out of this trade with a small profit. I shouldn't be posting my results on this one since I did not follow any signal to enter the trade.

Reversal Trading - Stocks and Forex (Third Party Article)

2010-02-14T03:21:00.001-05:00

The two things you need to enter a trade.

A solid technical set-up
Proper tape reading

You can isolate entry points that will be rewarding without
the pain of the trade continuing to go against you. Unlike most HVT
trades that are in harmony with the prevailing 1 and 5-minute trend, a reversal
trade (Rubber Band as we like to call it) requires a bit of art
work and will take time to become proficient at. However, these trades, when
measured in terms of risk vs. reward do stand out as trades that one needs to
consider.

First, the basic technical set-up can be seen in the
following chart:

The key question of course is, "When do you consider buying?"

Oversold, can of course, become more oversold, so seeing this chart pattern alone is simply not enough. The next filter is to look to see if the next time frame higher (5-minute) also shows this same pattern. You can also look at 15 and 60-min charts for additional confirmation.

At this point the trade is framed or set-up. Now we need one of two events, or perhaps both to come together.

1. A push higher in indicators STOCH and RSI primarily.

2. A sign that the selling pressure has abated (tape reading)

Tape reading is probably the most critical piece to the success or failure of the trade. Charts take you only so far, interpreting and anticipating prices based on the price action will give you the final clue to solve the puzzle. What is the key components to tape reading? Simply watching the trades go across your screen. I hate to tell you, but there are no easy answers (or books or EA's), it requires patience and persistence, on the job training if you will.

Tape reading is not complicated, you basically have a very weak stock or pair in Forex that you feel might be due for a bounce, you need to see evidence of buyers before you commit your capital. You already have a very
oversold 1 and 5-min chart and now you have the 5-min stochastics turning higher

- now you need the catalyst.

In this case, the $56 level was the 200-day ema, so that is one key piece, but what was more critical was that the selling pressure had abated as evidence by bids at the 55.75-80 level holding in well despite lots of trades going off in this area. Earlier in the day, bids, when hit, would simply fall away, now they were holding - a good sign.

This stock did go on to move higher, but given that we were going against the trend, we are always keen to exit a trade at the first sign of technical weakness especially when going against the trend. Those basing this trade solely on a 5 or 15-minute chart would have been rewarded a bit more but it all depends on ones time and risk preference.

Analysis of Last Weeks EUR/USD and USD/CHF Pairs

2010-02-13T21:02:00.001-05:00

After reviewing the charts from last week I think I may only trade these 2 pairs this week and see how it happens. As you can see the signals for EUR/USD are alot more accurate and going against the trends on either chart is highly discouraged by these results. These charts are 15M charts and show the patterns that should be followed to make the most off of the movement of these pairs.

The Charts from Last Week

EUR/USD Last Week 15 Minute Chart

USD/CHF Last Week 15 Minute Chart

I think I will be using these 2 pairs to prove the concept that has been playing out. Our signal software is picking up the majority of these swings but if you look some of the time frames are greater than what we normally give the pair to recover. I would say RSI would be 30/70 as our levels and STOCH should also be 30/70. Only a few occasions did this pattern not play out specifically as USD/CHF increased in value. Also note that the awesome oscillator is also a very good way to confirm the levels of the other 2 indicators.

I will be studying more since I do alot of technical analysis but this concept is easy enough for pretty much anybody to understand.

Version 3.10 Almost Finished...

2010-02-13T03:09:00.000-05:00

Version 3.10 is nearing completion

I am attempting to complete the newest version of the software prior to the next market opening. It will have several new features to include...

Bull and Bear Alert System (New Indicators)
Automatic Web Updating to the Newest Version (In Testing Now)
Forex News Headlines
New Control Panel (I will be adding the ability to add your own plugins soon)
Better response times and faster updates

You can always download the latest version from our Google Group or Sourceforge... Happy Trading... Also be sure to follow us on Twitter for live trading signals...

How did I do this week?

2010-02-12T12:58:00.001-05:00

Well thanks for asking. I started out still not using the new software. In the image below you see where I started using the software (Point A) and then you see where the great depression (well not really) happened on a series of bad trades (yes this has been fixed) at Point B. Overall it was a gain of 18% this week. That's not as good as last week but I'm positive so I can't complain. :-)

What a confirmed Signal looks like (1 Minute Chart)

2010-02-12T12:19:00.003-05:00

I have been getting questions from some people to ask what a confirmed signal looks like. Here is one that just came in this morning. The arrow is whatn the signal was issued and it dies out near the upper right corner of the screen. This was from the new BULL/BEAR alert system I built into the program.

Ripping GBP/JPY this morning...

2010-02-12T05:06:00.000-05:00

So my signals software told me to do a sell order on GBP/JPY this morning. After waiting about 3 hours it paid off. Below is the before and after. The red line is my break even point..

First My Entry

My Exit for Huge Profits

As you can see the signals software got this one right and all the indicators showed that the price should correct and that is exactly what it did. This is good after my bad day yesterday.

Today's Status

2010-02-12T01:48:00.000-05:00

Well things started out bad. Over the past 8 days I have profited over $100 profit which was twice my goal for the 7 day period (on this test account). After a few bad signals I lost over $55. I was determined to figure out what was causing the issue so I began looking at the charts to see what was going wrong. After looking I realized that there was a problem when I was calculating the entry points for the trades. If I would have waited until the RSI and STOCH indicators were at low points (as I used to do). Even this losing trade would have at least broken even. So I rewrote some of the software code to make this change and have updated the software to reflect the change. Within a few minutes (market conditions were the same) things began turning around and trades were once again profitable.... I feel better now!

Changes to the Software Platform
The second thing I did today was add a new indicator to pick up on Bull and Bear patterns in real time. So even during slow periods the software will not signal on these indicators so you can follow trends (more quality signals equals more profit). I traded on 4 of these signals so far and it looks like they will be good for some profit (timeframes were about an hour).

Some Quick Results (Yeah I know the amounts are small - This is my test account)

Weird Day Today - Hedging Losing Signals

2010-02-11T02:11:00.000-05:00

So I have been having a weird trading day today. Since I don't use alot of margins for my trades I'm in good shape. I received a set of signals from my software for the following pairs (USD/CHF, EUR/USD, NZD/USD and AUD/UDS). All signals were sell signals except USD/CHF which was a buy signals. Now every single one of the signals played out but the technical data did not so when it hit low RSI and STOCH levels I decided to hedge these positions. Now my plan is to exit the positions without a loss on all of them or take whatever profit I can catch at this point. I don't like tying up margin for long periods of time but I'm also up 100% on my account this month so far and I'm not willing to lose the profits that I have worked hard to gain....

I'll update later and let you know how these trades turned out since this is an interesting situation. Happy Trading.

Status Update

2010-02-10T06:07:00.000-05:00

I set a personal goal today and expected to be trading all day. Well I'm not trading any more today because I hit my goal for the day at 5:51AM. I am happy with the returns of the program so far and I look forward to seeing how good the program does long term. I have been trading 0.10 lot sizes but I'm about to up that to 0.20 per trade. I'm really liking the fact that the software is about 88% accurate on what is going to happen in the currency pair. Using complex math (which I hated trying to figure out) I am making profit like a casino would. I'm kinda nervous about what will happen when I really start buying big lots. The brokers may not be able to fill my orders which will really suck... I like being able to get into positions quickly and exit on my terms... Until next time happy trading...

Signals are working Great

2010-02-09T14:06:00.000-05:00

So I have been working on generating signals for Forex trading. I must say that My account and the account of about 75 other people following me on Twitter should be growing steadily. I'm batting about 88% on trades being profitable and the account is growing at about 72% based on the lot sizes I have selected. I don't know about you but I'm loving these returns.

US is killing itself from within...

2010-02-06T15:45:00.000-05:00

I have been reading some articles on the proposed changes to the amount of leverage provided by US brokers. This will surely be the death of the US Forex brokers markets as I can imagine customers jumping ship to out of country exchange brokers to take advantage of more advantageous leverage terms.

If US brokers limit their traders to 10:1 leverage there will be little incentives for semi-professional traders to stay with US brokers. InterbankFX has outright said they do not agree with the proposals and I can't imagine why brokers would want to go along with this knowing that their customers will not be happy with those terms. 50:1 (maybe I can see this as a reasonable level if your looking to protect amateur traders).

The fact of the matter and all schooled traders know it is that most new traders will lose their portfolios in a short amount of time. The main issue here is training. Most new traders do not learn how to trade Forex and simply go on little or bad advice.

Forex is work!

Regardless on how you trade in order to profit from Forex it requires a lot of work to include research, math, understanding of how the market works, indicators, leverage and management of margin, etc. It is not something to be taken lightly but most investors do not take the time to learn how to do it effectively.

Also most new traders do not understand Margin levels and what they mean for your account. Trading in my opinion starts with analysis before the markets are even open for the week. The 48 hours from the close on Friday till the open on Monday is my down time. During this time I research the numbers, look for opportunities and review what happen in the previous week to make sure I don't repeat mistakes and to take advantage of what worked in previous trading.

Suggestion

I think that each broker should provide a mandatory training course BEFORE allowing any live trading or at a minimum a 3 month period of trading in a practice account so you know what you are getting into and what to expect with a live account. This would ensure that traders understand the true risk and know what they are getting into.

Years to Profit

Regardless of whether you trade daily, weekly or just jump into the markets on news true pro traders know that you will not get rich or even profitable overnight. It takes years of multiplying your account size to reach true financial freedom and that a series of bad investment choices can and will wipe you out if you let your guard down. The true professionals manage risk by not buying into more than they can handle. While margins are good they can bite you if you try and get rich quick and many professional traders have learned this the hard way. I am fortunate to ALWAYS trade with profits. I never touch my base account funds and always remove a percentage of my profits on a time schedule. If I need to refund my account I can always do so but the profits are not at risk in this scenario.

Practice Makes Perfect

I have been practicing Forex and Options for nearly 4 years now. Only recently did I feel that I was ready to actually trade in live accounts. I have had my ups and down in practice but have defined a strict set of rules for my trades in my live account. This ensures that I never overextend my account and that I am trading with realistic goals. You should practice until you are sure you can manage a live account correctly.

That's all for now just thinking out loud. Comments are welcome.

Looking for a Good Week

2010-02-06T15:17:00.001-05:00

All of this volatility is a blessing in disguise for Forex traders. By watching patterns emerge we can definitely benefit from it. The shake up in the EUR is gonna continue to provide movement in these pairs this week. I am really looking forward to getting into some good positions and hope that all of you do well this week.

20% Day Today

2010-02-05T15:03:00.002-05:00

20% increase today and growing... I'm loving it!

New Software Batting 100%

2010-02-05T02:39:00.000-05:00

So I have not been trading much because I didn't have my software to the point to where I thought it was stable. Today I finally finished the latest version of the software. It is actually beating all of my expectations and has not had a trading loss yet. The formula for deciding when to get into trades is absolutely amazing in my opinion. If I could find somebody to write an EA that would do this I would put ALL of the existing EA's to shame (I have zero faith in the current offerings). Anyway I'm gonna give this a whirl and hopefully this trend continues. I would be happy with 75% success but right now the software has not lost a single trade. You can download it here. If you want to discuss Forex feel free to leave me a message on the blog...

Done for the Evening

2010-02-03T03:36:00.000-05:00

Signals were weak... And then...

For a few hours signals tonight were non existant. Then out of the blue several hit all at the same time with the 4 pairs that I trade. I will be setting up all the pairs when I have time to recode the software. The software for all of the signals will be a paid version because it takes a ton of work to do this accurately and to have good results. All of those get rich quick schemes are BS. Buying Autotraders, EA's all that crap is total BS because the only people that get rich are the people that sell that crap. I have a system that actually works and I will be investing any money I get off of the sale of the system because I have proof that it works.

Exiting Previous Positions at a small Loss

2010-02-03T03:01:00.001-05:00

I started getting signals again and the market is once again moving so I'm back at my console and listening to Coast to Coast AM and having a blast sniping some quick money...

Market is Stalled

2010-02-03T00:57:00.000-05:00

Taking a Trading Break
Since the market is currently stalled I decided to setup some long term trades and just take a break. I left the signals generator on for other people but day trading right now is a no go since the Forex market is extremely flat at this time. I will be explaining how to use the signal indicator in more detail in the future but for now you can visit the Google Group which is located here .

Trades I currently have open and lot sizes:
When I left the trading desk I left the following trades open.

USD/JPY 0.50 Lots Buy Order
USD/CHF 1.50 Lots Buy Order
GBP/USD 5.00 Lots Sell Order
EUR/USD 10.00 Lots Sell Order

I will post the results as I close those positions

Follow our live Twitter Feed at http://twitter.com/FlowFXForex for real time day trading signals.