[REQ] Forex Barometer - System 26

[sgteo]

Anyone this system 26? How is the performance? Any comments on the System 26.. pls feel free to share \m/

 

http://forexbarometer.com/

 

S26 inherits all the best from Leader systems but has 2 unique features:

 

* Variable time frame. Most MT4 TS can trade on standard periods M1, M5, M15, M30....only. Nevertheless, sometimes the most profitable signals come from non-standard charts, for instance M3 or M7 (3 or 7 minutes chart). S26 has variable and optimized period (TimeFrame) that encompasses all MT4 range from 1 minute to 1 month with a one-minute increment.

* Automatic optimization. S26 contains a second Metatrader instance that used to run optimization during trading without interruption or any human intervention. A sophisticated program, implemented in DLL, runs second MT4 instance,, processes the optimization results and make them available to a main program, i.e. it provides an interface between MT4 trading and optimizing EA. In the end of every candle optimizer runs and sets optimal values for EA inputs.

 

Also S26 has:

 

* Automatic spread control

* Programmable stop/resume timer

* Embedded spread/tick logger. This allows every period to write into a file current spread and number of ticks.

* Automatic Money Management (lot size) System

* A profitable/lossy orders control that stops EA in case number of lost positions hit a predefined value

* Soft shutdown system. In case system scheduled to stop on timer, it doesn't remove all orders at once but in 30-60 minutes before stop moment gradually removes pending orders, then profitable market ones. When stop-timer triggers but market orders with a negative profit still exists, TS even then didn't simply remove them but sets their stop-loss to a minimum level allowed. In case breakout direction is favorable those also close with profit.

 

 

Depending on trader's experience, style and technical skills level S26 may be configured for 4 modes:

 

1. Manual optimization, fixed trading channel parameters(ChanAuto= FALSE). This mode delivers less profit with minimal drawdown and fits for beginners or those who prefer conservative trading style. You get a smooth rising equity curve without stress of drawdowns. Number of trades is smallest relatively to modes 2 and 3. TS doesn't trade during lazy market and profits below 10-12 pips are unaccessible.

2. Manual optimization, automatically calculated channel parameters (ChanAuto= TRUE). Trader has to run optimization manually but take profit and distance orders moved is variable and depend on current market conditions. Profits from STOP_LEVELS and above become accessible. A reverse side of small profit levels (narrow trading channel) is a bigger drawdown in case of sharp price swing until system adaptation to new market conditions completes.

3. Automatic optimization, fixed channel. Same as mode 1 but optimizer runs without human intervention.

4. Automatic optimization, variable channel. Same as mode 1 but optimizer runs automatically.

 

All four modes are profitable and have their own pros and cons.

 

How automatic optimization works

 

* In case optimizer installed and properly configured, every time S26 starts it sends a request to FXBMT4.DLL library

* The function in library checks if all necessary files are available, modifies expert and terminal configuration files and run a second Metatrader instance for optimization with the parameters (start date, end date, instrument, etc) we need. At this moment a window of optimizing MT4 with moving progress bar appears.

 

http://stashbox.org/542704/s26-optimer-window.gif

 

* In 30-200 seconds optimization process terminates and second MT4 window disappears.

* At this time all necessary data are available and saved to temporary HTM file where MT usually stores optimization/test results.

* Next stage is reading this file, data extraction and sorting.

* The most optimal parameters set returned back to calling EA (fxb_s26_ts.ex4) and become available to the program. You may see that data in EA comment line and information panel changed. TS continues to work with those optimal settings.

* At the same time for user convenience EA ini-files in both trader and optimizer folders are modified accordingly, so if you invoke a Strategy Tester and click Expert Proprties button, you will see the same optimal parameters as in main trader EA instance. If you manually run test now, you see how TS performs after optimization.

 

The optimization process repeats every period if OptCycle=1 in fxbmt4.ini [s26] section or OptCycle*TimeFrame minutes. If OptCycle=3 and TimeFrame= 5 TS makes self-optimization every 3*5 minutes. Usually OptCycle=2..4 works the best. OptCycle=1 doesn't harm trading process but creates excessive load on your system without TS performance improvement.

 

Since most optimization code hidden in DLL those who use illegal S26 version cannot take advantage from this feature because it works with activated EA only and it's impossible to decompile and hack DLL as easy as EX4 file.

[sgteo]

Re: [REQ] Forex Barometer - System 26

 

What trading support includes?

 

It includes the individual information specific for your broker, optimized presets and consultations as what currency to select, when to trade, what to avoid -- everything necessary to help you get back money you paid for TS as soon as possible.

 

For example, you will be provided with:

 

* Most profitable instrument (currency pair) that is available from your broker or broker(s) that provide(s) best trading conditions in case you have no a preferred account yet. It also depends on country you live in, deposit available, your trading style, etc.

* Optimal lot size that depends on your broker performance, deposit value, leverage and risk you prefer to trade with.

* The most optimal settings for S26 that are in effect now and for next several days

* Best time to trade, depending on your broker spread change schedule

* The time periods to be skipped to avoid losses (anticipated unidirectional volatility time) that depend on instrument selected and economic calendar.

 

In case you wish we check if you are doing everything correct we need an investor password for the target account.

 

Can I buy trading support service separately for $50?

 

No, trading support is a costly service and it is available for special low price to first-time customers buying S26. If you selected to buy S26 without trading support you are not eligible later to pay a difference and get it. So, think well before placing your order.

 

If I purchased S26, do I need to buy Leader to have more profit?

 

No, S26 is sufficient to solve the tasks Leaders EA designed for. In case you still wish, you may request a Leader package for free, but have a right for S26 support only.

 

If I own Leader package, do I need to buy S26 to have more profit?

 

That's not strictly necessary because Leaders provide almost the same performance as S26 does. In case you are an experienced trader and PC user and want to have those fancy features like automatic optimization (not for beginners!), you may be eligible for special discount.

 

 

What brokers you recommend to trade with S26?

 

We cannot recommend you a specific broker because besides technical issues there are many other factors that might affect traders ability to make a profit withdrawal but from technical point of view the following companies are fit for S26 trading:

 

* Interbank FX

* Alpari (US)

* Alpari (UK)

* FXDD

* MIG

* Forex.com (Gain Capital Group)

* GCI

* Admiral

* FBS

* .....

 

...and some other brokers you may find mentioned on our website.

 

Can you install and configure S26 to my VPS?

 

Yes, this is possible but extra installation fee of $50 per instance applies.

 

Is S26 a scalping trading system?

 

A distance take profit placed on depends on TakeProfit parameter that may be input manually or calculated automatically. In the first case it depends on number you set and in the second case on instrument selected and current market conditions. For instance, TP may vary from 6 to 15 pips for EUR/CHF and from 20 to 50 pips for GBP/CHF. Therefore, S26 may work as both scalping and non-scalping TS.

Note, that almost all registered and regulated brokers allow to set orders as close as their STOP_LEVELS parameter allows. In case of IBFX it is 3 pips, and 6 pips for Alpari, EUR/CHF.

 

Is there a way to limit a minimum profit S26 might calculate too small?

 

The smallest calculated profit in S26 is limited with broker STOP_LEVEL parameter that is a part of financial instrument contract. Nevertheless, you may set TakeProfit and Distance low limit by editing fxbmt4.ini file, section [s26]. By default those parameters are zero (no limit) but if you type in there new values your orders will never be sent with values that less you set.

 

CODE

[s26]

......

DistanceMin= 9

TakeProfitMin=6

 

 

 

Does S26 work with 5-digits brokers?

 

Yes

 

Does S26 work for USA-regulated brokers who ban hedging?

 

Yes

 

What is a minimum deposit required for S26 trading?

 

There is no low limit in case you are enabled to trade mini/micro lots. We have examples when guys started with $50-100 deposit and doubled that in a week or two. $500 initial balance is quite enough for making several hundreds bucks monthly.

 

What is S26 daily/monthly performance?

 

It much depends on market (how active market is) and broker (spread, stop-levels) conditions and varies from 30 to 120 pips a day with average 80% days profitable. The most conservative (safe, low-risk) trading style with bypassing the news and wide spread periods delivers 80-120 pips weekly.

 

What if I will be unable to install and configure S26 with or without optimizer?

 

tutor.gif In case you purchased TS with trading support and unable to install and configure S26 you may send us your broker data and we will provide you with pre-installed Metatrader 4 image file. Then you will download it, unzip and activate with your key, real account login and password. We do all installation and configuration work for you.

 

As of now, May 27, 2009, System 26 tested and approved for the following brokers regardless of 4 or 5 digits price, hedging allowed or banned:

 

* Interbank FX

* Alpari (both US and UK)

* FXCM (both US and UK)

* FXDD

* i-Trade

* MIG

*

* Admiral

* Sigma

* FXM

* FXD24

* FXOpen

[finimej]

Re: [REQ] Forex Barometer - System 26

 

looks very much like the ISEA or Grail_2 EA modified.

 

it has buylimit and sell limit, and only works on EURCHF with takeprofits=5 pips, and stoploss = 100 pips.

Maybe most of the results there are demo account. I am sure that he made a lots enhancement, if somebody find it, lets study about it.

this guy only talks about stop_level, and he does not even talk about freeze_level.

[finimej]

Re: [REQ] Forex Barometer - System 26

 

for your information

MIG not allow scalping

sigma forex normal account now allow scalping

CGI not allow scalping.

 

he comes out with the system too late, just picked up properbly from someone else code. If he could come before the ISEA hyper, he may make a loads of money.

[sgteo]

Re: [REQ] Forex Barometer - System 26

 

finimej..

 

There was a earlier version called LEADER.. which was launched last year. bcos most of the logic codings are in dll, I have no idea what is it.

 

What excite me abt the system 26 is.. it use non standard TF e.g. M2, M3.. for the logic.. and has self opt feature.

 

What keep me wondering is the actual performance.. the statements on his website.. is it live account statements?

Can anyone investigate and confirm? thanks

 

hxxp://stashbox.org/542764/S26_forward%20test.zip

[sgteo]

Re: [REQ] Forex Barometer - System 26

 

-deleted double post- system error

[⭐ fxknight]

Re: [REQ] Forex Barometer - System 26

 

finimej..

 

There was a earlier version called LEADER.. which was launched last year. bcos most of the logic codings are in dll, I have no idea what is it.

 

What excite me abt the system 26 is.. it use non standard TF e.g. M2, M3.. for the logic.. and has self opt feature.

 

What keep me wondering is the actual performance.. the statements on his website.. is it live account statements?

Can anyone investigate and confirm? thanks

 

hxxp://stashbox.org/542764/S26_forward%20test.zip

 

All this is is an super optimized EA. If u look closely at the end date for the live statements, you will see them ending on 5/10/2009 then opened again a week later at other brokers. There is no continuity of the EA since the optimization "ran out".

[sgteo]

Re: [REQ] Forex Barometer - System 26

 

fxknight, :-? X_X :-ss @-) :o great observation :geek:

[torito1]

Re: [REQ] Forex Barometer - System 26

 

hey can any one share this EA plsss

[ikarma]

Re: [REQ] Forex Barometer - System 26

 

All this is is an super optimized EA. If u look closely at the end date for the live statements, you will see them ending on 5/10/2009 then opened again a week later at other brokers. There is no continuity of the EA since the optimization "ran out".

 

"ALL" this is is a super optimized EA? Is that a bad thing?

 

"ALL" I want is an EA that consistently makes money. If you read the description you will realize that it runs optimization as often as every candle close.

 

Is this EA profitable? It is very inexpensive. If the statements are correct then this is an EA worth purchasing.