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Accelerated Savings - Alpha 4.5 (By David A Sievers )

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Accelerated Savings - Alpha 4.5 Discussion

David A Sievers (kickasstrader)
Sep 29 2020 at 15:04
18 posts
I'm pretty impressed with AlphaPro 4.5 and the team at ElevatedFX. Their EA is able to produce very consistent results even through some volatile periods that have occurred over the last two months. The beautiful thing is that I have not touched it since I eliminated two currency pairs at the start of September.

Looking at the August results, it was clear which pairs were producing the most results. So it made sense to concentrate on the main three. That was the only change I had made since starting at the beginning of August.

This month ElevatedFX upgraded their website, affiliate program and AlphaPro EA so just yesterday I moved this account onto the new VPS platform and updated EA. What's cool is that now there is a News Filter and an Auto Range setting for recovery levels that is based on the ATR of the given pair. That's sweet because now the EA will pause trading before high impact news and automatically restart it after the dust settles. With the Auto Range feature, the recovery levels will be used more intelligently because it uses the average true range to determine the range for determining when to start recovery instead of using a fixed range for all pairs.

If you are looking for an EA that produces consistent results, I highly recommend AlphaPro 4.5

https://members.elevatedfx.com/aff.php?offer=full&aff=dreamlegacy

KickAss Trader

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Malohuginn
Oct 12 2020 at 18:28
23 posts
Perfect income, but the leverage in my opinion is still quite high.
I do not know if this can be considered a universal solution.

David A Sievers (kickasstrader)
Oct 12 2020 at 18:54
18 posts
The beauty of the system is that each person can configure it for their own risk tolerance.

If one desires to trade with less leverage, select that option when you setup your account with the broker. If you want to trade with smaller lots, use a higher value for the managed lot setting. Set lower daily targets to keep drawdown within your particular comfort range.

What is universal is the platform. The configurability of the system provides plenty of options for adjusting the trading to suit each person's tolerance for risk.

Thanks for the comment.


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Sombers
Oct 13 2020 at 17:15
12 posts
It's nice to see such results, of course, but on the other hand, I'm always afraid that there's no indication of what you're going to lose, because any Expert Advisor can also cause losses, and it's impossible to assess this with this format without practice.

David A Sievers (kickasstrader)
Oct 13 2020 at 17:42
18 posts
100%.

One of the things I monitor is the Risk of Ruin and also the win rate. On this account the win rate started at 68%, now it is 69%.

Also consider this as a way to mitigate your risk.

Build your income to the point where you double your money, then withdraw your initial investment and continue trading with profits. Using this strategy you are actually trading with zero risk and your return is infinite. At a 3.36% rate of compounding, you will double your money in 21 business days. (If it was somehow possible to achieve a 3.36% daily increase in equity, that is...)

Also, it would be foolish to believe nothing could ever happen because as you know there is always the possibility of loss, the question is what is the probability of loss. Understand the protection mechanisms in your Expert Advisor. This is one reason why I love Alpha 4.5. It has multiple ways to protect you from loss - Trade management settings, News Filters that pause trading before high impact news and more.

Check the Risk of Ruin tab in myfxbook...


Happy Trading!

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David A Sievers (kickasstrader)
Oct 15 2020 at 20:16
18 posts
It's going to be interesting to see how we fare as the US election period progresses. One of the features in AlphaPro is a news filter that sources high, medium and low impact news from Investing.com. As a default, I have my Expert Advisor set to pause whenever High Impact news occurs. The system will pause trading 60 minutes before the announcement and resume 60 minutes after.

As we get closer to the election, I plan to turn on filtering for Medium Impact news as well.

Let's see how it goes. As always, you have to be thoughtful about how you are managing risk. May we all continue to prosper with Forex Trading no matter what the strategy being used.

It's Our Time.

Live the life you love
David A Sievers (kickasstrader)
Oct 16 2020 at 18:14
18 posts
This weekend I will be turning on my equity protection settings. This feature in AlphaPro is essentially a 'circuit breaker' which will trip if the market runs wildly against you. You set it to a percent value which represents the point at which you cut your losses and get out of your open trades.

One way to think about it is as a stop loss for the account instead of an individual trade. The value one sets is relative to the account balance. For example, if you have a $1,000 account, you may be willing to accept a 30% loss overall or $300.00. On the other hand if your balance is $10,000, you may be willing to accept an $800 loss, especially if your account has gained well over $800. In this case you would set the Equity Protection Percent to 8%.

Bottom line is one must be thoughtful about how this threshold is set. It is based on your balance and an amount you would be willing to give up to get out of losing trades if the market is going through some sort of unexpected turmoil. Protect the account, flip the circuit breaker, live to trade another day.

If your Expert Advisor has been performing well, no doubt it will only be a matter of time before the gains you gave up are recovered.

It's Our Time

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Unett
Oct 25 2020 at 11:59
13 posts
And I would love to try it and I'm not particularly scared of leverage, it's not the most risky approach, especially if you have strong capital...

pipscalper71
Oct 25 2020 at 12:33
164 posts
This is clearly a Martingale trading system, which is very high risk so you have been warned.

David A Sievers (kickasstrader)
Oct 25 2020 at 23:09
18 posts
Unett posted:
And I would love to try it and I'm not particularly scared of leverage, it's not the most risky approach, especially if you have strong capital...


I'm not sure if you are already trading or not. Here is my Quick Start Guide which lays out the steps from scratch. However if you are already setup with a broker and you just want to try the software for a month you only need to click the link to get an account with the software provider.

Once you have the email from the software provider saying 'Your Software is Ready', I would be happy to help you get setup.

I hope you do at least do yourself the favor of giving it a try...

It's Our Time,
@kickasstrader

Attachments:


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priedo
Nov 04 2020 at 03:19
2 posts
kickasstrader posted:
Unett posted:
And I would love to try it and I'm not particularly scared of leverage, it's not the most risky approach, especially if you have strong capital...


I'm not sure if you are already trading or not. Here is my Quick Start Guide which lays out the steps from scratch. However if you are already setup with a broker and you just want to try the software for a month you only need to click the link to get an account with the software provider.

Once you have the email from the software provider saying 'Your Software is Ready', I would be happy to help you get setup.

I hope you do at least do yourself the favor of giving it a try...

It's Our Time,
@kickasstrader


When purchasing an EA from ElevatedFX. Do they already have the set ready? or need to configure from 0? does it come with the specific strategy of your track report?

David A Sievers (kickasstrader)
Nov 04 2020 at 14:30
18 posts
When people buy a license from ElevatedFx, the vps comes raw. Each person has to decide which currency pairs and choose EA settings that reflect their risk tolerance and strategy. They do provide some default settings, but that is not what I use.

When people join up with DreamLegacy, my team, I setup their machines with a very specific configuration that has been working and that everyone in my group is using. There is a much bigger picture here than just FX trading for us.

Bottom line is if you sign up using my quick start guide, then you get the settings we use as long as you join our team.

@kickasstrader

Live the life you love
prasy4000
Nov 07 2020 at 18:51
4 posts
@kickasstrader So your saying that we buy a licence from elevatedfx and join your team, expect the same results like this account had for the past months? Drawdown is ok but a bit higher than I wish to see....What % risk do you usually use?

David A Sievers (kickasstrader)
Nov 08 2020 at 07:40
18 posts
I'm sure you know that the average person who discovers FX trading often has no prior experience, may not have the technical skills to deal with VPS machines, setting up software, etc. Most people coming to this new just want to earn money. They see results somebody is getting and ask to be setup exactly the same way to hopefully get similar results. That's just the way it is.

To help them, we show them exactly what they need to do to duplicate the setup and they run their EA with the same pairs and settings. They achieve success right away and over time they educate themselves on how things work.

There are so many settings that can be tweaked and it is really hard to figure out which one will give someone else the particular profile they desire. It requires way too much time to figure that out.

Bottom line is for the person who wants to use alpha and customize it for a specific set of tolerances, I recommend they buy a license, go with the basic settings you get out of the box, learn it, tweak it and test it until you find a configuration that fits your liking. I spent 4 months doing that, lost money and burnt a whole lot of midnight oil.

So now, I say, if you like what you see, duplicate it, make money from compounding and have some fun.

Live the life you love
Ajwad Saleem (ajwadsaleem)
Nov 09 2020 at 15:48
5 posts
kickasstrader posted:
I'm sure you know that the average person who discovers FX trading often has no prior experience, may not have the technical skills to deal with VPS machines, setting up software, etc. Most people coming to this new just want to earn money. They see results somebody is getting and ask to be setup exactly the same way to hopefully get similar results. That's just the way it is.

To help them, we show them exactly what they need to do to duplicate the setup and they run their EA with the same pairs and settings. They achieve success right away and over time they educate themselves on how things work.

There are so many settings that can be tweaked and it is really hard to figure out which one will give someone else the particular profile they desire. It requires way too much time to figure that out.

Bottom line is for the person who wants to use alpha and customize it for a specific set of tolerances, I recommend they buy a license, go with the basic settings you get out of the box, learn it, tweak it and test it until you find a configuration that fits your liking. I spent 4 months doing that, lost money and burnt a whole lot of midnight oil.

So now, I say, if you like what you see, duplicate it, make money from compounding and have some fun.



Hey, I'd like to know how to join your team and how much do you charge for sharing your settings and all?

David A Sievers (kickasstrader)
Nov 09 2020 at 17:45
18 posts
Hey,

Joining my team is easy.

I'm not 'selling' my settings, I'd rather earn the affiliate income and stay connected to people who desire to get increase for themselves and do it in a way that automatically causes increase for others. There is much more going on than is being discussed here. For now, let's focus on getting you setup.

Use this link to buy a license for alpha. I recommend that you buy the $197.00 package because you get to use alpha on 2 accounts - Monthly Income and Accelerated Savings. That's how I use the licenses.

Here's the link:

https://alpha.kickassincomemachine.com/

I don't know if you are already thinking of using a certain broker, but I use LQDFX for a number of reasons. I cannot tell you what results you will get with other brokers so I highly recommend that you just go with what has been proven to work.

Here's my LQDFX link:

https://lqdfx.kickassincomemachine.com/

Once you get setup, we will get together and put this compounding engine to work.

Send me an email at [email protected]

@kickasstrader

Live the life you love
Ajwad Saleem (ajwadsaleem)
Nov 09 2020 at 19:04
5 posts
ajwadsaleem posted:
kickasstrader posted:
I'm sure you know that the average person who discovers FX trading often has no prior experience, may not have the technical skills to deal with VPS machines, setting up software, etc. Most people coming to this new just want to earn money. They see results somebody is getting and ask to be setup exactly the same way to hopefully get similar results. That's just the way it is.

To help them, we show them exactly what they need to do to duplicate the setup and they run their EA with the same pairs and settings. They achieve success right away and over time they educate themselves on how things work.

There are so many settings that can be tweaked and it is really hard to figure out which one will give someone else the particular profile they desire. It requires way too much time to figure that out.

Bottom line is for the person who wants to use alpha and customize it for a specific set of tolerances, I recommend they buy a license, go with the basic settings you get out of the box, learn it, tweak it and test it until you find a configuration that fits your liking. I spent 4 months doing that, lost money and burnt a whole lot of midnight oil.

So now, I say, if you like what you see, duplicate it, make money from compounding and have some fun.



Hey, I'd like to know how to join your team and how much do you charge for sharing your settings and all?


That's really awesome Man!!

Yeah and about using your affiliate link, I already found it before to use it so you can get referral money, because I only know elevatedfx because of you, so credit should goes to you.

And about broker, my plan is to use ICMarkets, that's the broker I've experience for quite some time, don't know how it will do with EA. LQDFX might be good but I don't know how to trust that broker, I mean that broker is not even registered with proper body and its located in Marshal Islands, don't know if I want to trust them or not, but can you please share your experience especially about withdrawal and all.

David A Sievers (kickasstrader)
Nov 09 2020 at 23:07
18 posts
Everyone has to make their own choice of broker. I am not an affiliate of ICMarkets and I have no idea if my configuration would perform the same way on their platform.

That being said, LQDFX is not a regulated broker and they are not shy about acknowledging it because it is their business strategy. It allows them to serve people globally and offer services that most other brokers cannot.

As far as trust is concerned, I have been with LQDFX since around April and my experience has been great. Their affiliate program is the best I've seen, the customer service is excellent and they have a bonus program that I have not seen anywhere else.

Beyond sharing my experience please know that I am not 'recommending' LQDFX. You make your choice. If you decide to sign up with them we can work it out. If not, there's not much else I can say.

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javaboy
Nov 10 2020 at 04:20
42 posts
David A Sievers (kickasstrader)
Nov 10 2020 at 05:46
18 posts
Not exactly.

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