The Importance of Diversifying Services for a Successful Business In today's fast-paced world, relying on just one service is not enough to sustain and grow your business. For instance, if you are building a website, you might need Canva for designing posters and images, Shopify for setting up your online store, and additional software to create videos and purchase copyrighted music. Similarly, trading is a business that cannot thrive solely on a one-time purchase. To make a project successful, a more holistic approach is necessary. Fortunately, there are solutions available to minimize costs for clients while maximizing the effectiveness of the services they use. One such solution is to analyze all the fees associated with various services and provide the best trend detector to the client's terminal. By consolidating costs and presenting the most efficient option, businesses can not only save money but also gain a competitive edge. In conclusion, relying on multiple services and adapting to ever-changing trends is essential for maintaining a successful business in today's digital age. By being resourceful and choosing the right combination of tools, entrepreneurs can ensure their projects run smoothly and cost-effectively.

What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal? Are you still addicted to 80% of the profit share from PropFirms? Trading with Prop Firms vs. Standard Accounts: A Closer Look at Hidden Costs and Probabilities Forex traders are increasingly drawn to proprietary trading firms like FTMO, MFF, and True Forex Fund due to the allure of high potential profits. However, it's essential to approach these opportunities with caution to avoid becoming overly dependent on prop firms. In this article, we will explore a simple example to illustrate the potential downsides of trading with prop firms compared to standard accounts, considering profit shares, probabilities, and the challenge and verification processes. The Example: Let's imagine a trader executes 8 trades, each generating a take profit level at $10 and a stop loss of $10 on gold. We will compare the outcomes of these trades under two scenarios: Trading with a Prop Firm: Assuming a 200k swing account size and an entry fee of $1,300, the trader receives two chances to lose by 5%. Calculate the result with 1 unit and 4 lots for each trade (maximum 8 lots on gold due to margin level), which effectively halves the entry fee. When the take profit (tp) is hit: 4 lots * $1,000 (profit) * 8 (trades) * 0.8 (payout ratio) = $25,600 (final payout). Trading with a Standard Account (100 USD account): Using a standard account, the same trading scenario would result in a profit of $100 * 200%^8 trades = $25,600. If we use the same initial capital as the entry fee of the prop firm ($1,300/2 = $650), the difference becomes very obvious: $650 * 200%^8 trades = $166,400. Comparing Outcomes: By comparing the potential profits, we can see that the trader would make significantly more profit by trading with a standard account using the same initial capital as the prop firm's entry fee ($166,400 vs. $25,600). However, the overall chance of a payout is significantly lower with the prop firm due to the challenge and verification processes. This means traders need to take on additional risk to pass the two steps required by the prop firm successfully. Losing Potential Profit: Although prop firms claim to provide an 80% profit share, in reality, if you have 8 winning trades, you are losing 84% of the potential profit to these prop firms, as calculated by the difference in profits between a prop firm and a standard account ($166,400 - $25,600) / $166,400 = 0.846 or 84.6%. The Reality of Prop Firms: Proprietary trading firms can be seen as a marketing platform for sellers, course providers, and company traders who seek certification. In this example, a trader pays $1,300 to receive a product worth less than $100. This doesn't even consider the probability of successfully passing the challenge and verification process required to trade with a prop firm. Considering Probabilities: Trading with prop firms adds a layer of complexity and uncertainty due to the challenge and verification processes. These hurdles can reduce the chances of receiving a payout, making it more difficult for traders to achieve consistent profits than trading with a standard account. Conclusion: While prop firms may offer unique opportunities, traders must be aware of the potential downsides, such as reduced profit shares, lower chances of receiving payouts, and a higher loss of potential profit. Traders should carefully weigh their options and make informed decisions based on their circumstances and goals, considering the probabilities and challenges of trading through prop firms.

Our New OpenEA Upgrade History Page - Continuous Enhancements for Your Trading Experience What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal? Fast access content : 11th NOV 2023 19th AUG 2023 13th May 2023 11th Apr 2023 11th NOV 2023 upgrade: Enhanced Trading Algorithms for OpenEA 📈: Now focusing on EURUSD, XAUUSD, GBPUSD, USDJPY on the M5 timeframe. 19AUG2023 upgrade: Changed the strategy, it only works on EURUSD M5 now 13 MAY 2023 upgrade: We've implemented enhancements to the Inrexea Database Filters, now at Version 4.0. An AI voice alert feature has been introduced to communicate the AI's analysis more intuitively. We have incorporated dynamic Take Profit (TP) and Stop Loss (SL) systems. To safeguard against different broker traps and disconnections, a Force Breakeven Stop Loss has been added. In order to prevent trading on Non-Farm Payroll Report (NFPR) days, we've included a feature to automatically stop all trades. Finally, the Inrexea Database has been upgraded to Version 4.0 to increase connection frequency and prevent delays across all nodes. 11th Apr 2023 upgrade: Upcoming OpenEA Upgrade on April 14th: Enhancements for Better Performance Hello Inrexers, Key Upgrades: Database Server: We've optimised our server to better process market data, which will enhance our trading algorithms. No action or downloads are needed from you, as the changes will be integrated automatically. Trend Identification: We've refined our algorithms to provide improved trend analysis for different currency pairs, helping you develop better trading strategies. Holiday Detector: We're introducing a feature that detects holidays, ensuring that your strategies aren't affected by sudden market closures or liquidity changes. We are excited to announce the creation of a dedicated Upgrade History page for OpenEA. This page will keep track of all past, present, and future upgrades, ensuring transparency and easy access to information about our platform's enhancements. As part of our ongoing commitment to delivering the best trading experience, we will continue to upgrade our database server and algorithms, refining their performance and accuracy. Stay tuned for further updates, and thank you for your support as we work together towards a more efficient and successful trading journey.

Project OEPNEA We continuously learn how to create the next generation of trading systems and how to effectively use past trading data to make trading more intelligent and trustworthy. In this market, there is no doubt that many novice traders, as well as those with many years of trading experience, will face something that cannot be avoided - emotions. Simulating the brain of successful traders seems feasible in ChatGPT, released by OpenAI. Therefore, through continuous research and development with ChatGPT-3, we have developed OpenEA and established a machine learning module that makes past trading strategies based solely on specific indicators more comprehensive. We expect OpenEA to provide a satisfactory trading outcome for most EA traders. WebRequest: Users must connect to our Neural Network system through Web requests to receive more accurate signals. By using our signals, we can respond to unpredictable future price fluctuations more flexibly, not solely relying on past data. This will ensure that trading becomes double-protected. Extra Calculation: All broker quotes Sentiment analysis Heat maps Swap rates News filters Data mining for news 24/7 and breaking news ( https://t.me/BreakingNewsFX ) The resource we used: https://www.myfxbook.com/api MyFXBook is a popular online platform for forex traders that provides a range of tools and services to help traders manage their portfolios, track their performance, and analyze the markets. The MyFXBook API allows developers to access the platform's data and functionality, enabling them to build custom applications and integrations that leverage MyFXBook's data and services. The API provides access to a wide range of data, including account information, trading history, and market data, as well as the ability to execute trades and manage orders. With the MyFXBook API, developers can create custom solutions that can help traders make more informed decisions, automate their trading processes, and more. https://openai.com/api/ OpenAI can help developers create a trading robot by providing access to advanced AI technologies and models, such as machine learning and natural language processing. These technologies can analyze vast amounts of market data, including prices, volumes, news, and other relevant information, to predict future market movements. The OpenAI platform also includes pre-trained models, such as GPT-3, that can be fine-tuned for specific use cases, such as sentiment analysis or language-based trading signals. This can save developers significant time and effort compared to building these models from scratch. In addition, OpenAI provides API and development tools that make it easy for developers to integrate AI technologies into their trading robots. This includes access to a wide range of data sources and the ability to execute trades and manage orders. By leveraging OpenAI's advanced AI technologies and development tools, developers can create trading robots that are more accurate, efficient, and flexible than traditional systems. These robots can analyze market data in real time, respond to changing market conditions, and execute trades based on sophisticated rules and algorithms. Overall, OpenAI provides a powerful platform for developers who want to create trading robots that leverage the latest AI technology. Whether you're building a simple system for personal use or a complex trading platform for institutional clients, OpenAI has the tools and technologies you need to achieve your goals. The development concept： Past trading strategies have become outdated and only consider one dimension, leading to limited long-term profitability. The new generation of trading strategies focuses on finding similar rhythms through different sizes of past data to identify the most similar and successful trading module. Shortly, we will optimize other currencies and dynamic profit conditions, such as taking profit and stopping loss, to make trading even more effective. The development concept is to find the most successful and similar trading modules through multiple dimensions of past data instead of relying on outdated single-dimensional strategies. This new generation of trading strategies will also optimize other currencies and dynamic profit conditions to enhance the effectiveness of trading. Potential profitability: The trading robot has been operating over the past five years, from 2018 to 2023. During this period, the robot has demonstrated exceptional performance, with a Profit Factor of 145.16. This indicates that the robot generated $145.16 in profits for every dollar invested. Additionally, the Drawdown during this period was only 2.64%, which is relatively low compared to other trading systems. This low drawdown is a positive sign of the stability and consistency of the trading robot's performance and is a good indicator of its ability to manage risk effectively. In conclusion, the trading robot has shown impressive results over the past five years, with a high-Profit Factor and low Drawdown. These results demonstrate the effectiveness and reliability of the robot and its ability to generate consistent profits for traders. Development Timeline: Contact Us : https://t.me/inrexea What is the best broker in the industry? What kind of tools you should use for your MT4/ MT5 journal?

Last Friday, I made an accurate judgment of the downward trend. From the analysis of 1951, we can see that this website continues to judge the decline. No buy orders can be made. This article will analyze how the big market in the coming week will need to be laid out and how we will interpret this wave of the market. We will need to be careful not to start a long strategy quickly, as the price of gold will likely continue to test levels around 1800. I will continue to build short positions before the trend reverses again. Overall Resistance (Must Watch) 1895-1904 We want to sell if the price hits this area. Support 1820-1823 And we will further analyze whether there will be any sign or change of momentum around 1820. For today, I suggest giving a break and observing; usually, after a massive impact from FOMC/NFPR, it will provide a range and a little retracement. No need to decide at the moment.

It was a vast Bingo from yesterday's analysis, and I hope all of you made some money from it. The market ranges from 1900 and 1960 area. What is going on next for the first NPFR in 2023? Let's give some ideas now. Strategy A: sell limit Wait for a retrace at 1924-1927 area to sell, target lower than 1900, stoploss at 1933 with the breakeven setting, because it might have a strong trend reverse back to down in the daily chart. We must catch this big chance from the gold history. If the stoploss hits, do not try to sell again and stop trading. Keep profit from the week and enjoy your wonderful weekend. Ciao To be reminded, please share your affiliate link to get commissions. Result : Massive dropped and see you 1900.

The FOMC was a massive impact on the market. I waited for almost 8 hours and finally traded with a small lot and stoploss hit with a 4 USD distance. It's a good stoploss at 1942. Let's see the is going on today. The resistance level in 1960, and the support level in 1951. I want to give a breakout strategy for today. Strategy A: buy stop If the price breaks in 1960 again, buy and aim for 1972. Stoploss at 1951. RRR 1:2. And must give a breakeven if the price surges a bit. Stragegy B: sell stop If the price breaks in 1950, sell and aim for 1930 something. Stoploss at 1961. RRR 1:2. And must give a breakeven if the price drops a bit. ------------------ BINGO !!!! Strategy B :)

What do you think? Gold has been fluctuating for 7 consecutive times in 1920 and has received support, but I believe it cannot continue. If there is a breakthrough, today would be a better opportunity and I believe there will be a clearly downward breakthrough. Strategy A: sell limit. Enter the short position in the middle area resistance 1932-1933, target 1900, stop loss 1938. Strategy B: sell stop. A more conservative strategy, confirm the downward breakthrough 1921 before opening a short position, target 1900, stop loss 1925. >>>>>> Today I am not going to trade live due to personal affair. Please take care of risk if I am incorrect. We had a happy trading in the group on Friday.

Please take a look at the timing: Gold prices have rapidly risen after hitting the bottom of the rising channel for several consecutive days, as shown more clearly on the daily chart. Let's see if today will be the same. If it fails, stick to the stop loss. Strategy A: Buy limit. Support is around 1924. Buy and hold until resistance at about 1970. Stop loss at 1920. If there are any changes, we will discuss in the Telegram group. Please take a look at the timing: Gold prices have rapidly risen after hitting the bottom of the rising channel for several consecutive days, as shown more clearly on the daily chart. Let's see if today will be the same. If it fails, stick to the stop loss. Strategy A: Buy limit. Support is around 1924. Buy and hold until resistance at about 1970. Stop loss at 1920. If there are any changes, we will discuss in the Telegram group. Result: BINGO AGAIN It was an excellent trade to catch a buy order in the 1919-1920 area and took profit in less than 15 mins. Entry at 1918-1920, Take profit at 1926.5.

The gold price is under threat, with the upward trend facing resistance. Recently, there have been several false breakouts and sharp declines, indicating a high degree of volatility. It is expected that there will soon be further trend developments. A more conservative strategy will be used today, following the downward trend. Support is expected to be challenged in 1920. The pattern of false breakouts is expected to continue. Strategy A: Sell orders. ( Smaller lot is suggested for today ) Entry point around 1925-1926, targeting 1914 with a stop loss at 1930. Revenge Trade： (Blue Line on the chart) If the price reaches 1914, consider a short-term buy with a target of 1920 and stop loss at 1910. Once 1920 is gone, sell again with a longer-term target and stoploss for preservation. If there are any changes to the analysis for today. Let's update lively in the chat group in Telegram. Review result: 1 profit trade and one stoploss trade 1. sell was correct; smelled some of the change, stopped selling, and only focused on buying. 2. However, when the price hit 1929 and sold for scalping but failed with close stoploss in 1933. 3 Overall profitable. However, one of the users did great work when trading live together:

During the Lunar New Year period, the gold price tends to rise to a range of 1937-1940, and as there are usually more holidays in January, this often triggers what is called "fake breakout" situations. Therefore, I believe it is worth considering the possibility of predicting a fake breakout and returning to the bottom of the channel. Strategy A: Sell Limit Short sell around 1940, with a stop loss at 1946 and a take profit at 1918. To be reminded that if 1946 is broken, it might go higher than expected. Let's do it in the VIP telegram channel for more live trading tips and sharing. Result --->>> Bingo Live trading in the Group section Join Inrexea Pass to get the live analysis and article here

Sup 9 Breakout EA 80% from database analysis, 20% use brokers' data, always do not rely on brokers' data all the time.This is one of the concept to create our database products. Performance S9B: Concept of S9B EA: S9B EA is a fully automated trading system that operates without the need for any user input. The system employs a simple yet effective trading strategy that does not involve the use of a martingale approach. However, the most critical aspect of the system's development was determining when, why, and how it should execute trades. One of the primary challenges that S9B EA addresses is the discrepancies in OHLC prices among different brokers. These discrepancies can cause the same strategy to result in different positions, which can lead to inaccurate trading signals and mislead the system itself. To avoid this, PenataQ was developed to rely exclusively on live results, ensuring that all users receive reliable and consistent trading signals, regardless of their broker. S9B EA offers users five buying and five selling strategies, providing a range of tools to approach the market. Additionally, the system includes a database that features a calculator for managing risk and profit through lot size calculation. This feature enables traders to optimize their position sizing and better control their exposure to potential losses, further enhancing the system's effectiveness. Variations in prices among brokers are common in the financial markets, as different brokers often have different numbers of buyers and sellers for specific instruments. This can lead to different ask prices for the same instrument, which can impact the logic used by S9B EA to open and close positions. However, the system is designed to account for these variations, ensuring consistent and reliable trading results for all users. In summary, S9B EA is a powerful trading system that offers a range of buying and selling strategies and includes a calculator for managing risk and profit. The system is designed to address the challenges posed by OHLC price discrepancies among different brokers and provides users with reliable and consistent trading signals based on live results. WebRequest: Users must connect to our Neural Network system through Web request to receive more accurate signals. By using our signals, we can respond to unpredictable future price fluctuations in a more flexible manner, not solely relying on past data. This will ensure that trading becomes double-protected. Extra Calculation: All broker quotes Sentiment analysis Heat maps Swap rates News filters Data mining for news 24/7 and breaking news ( https://t.me/BreakingNewsFX ) Main features : No Parameter to be set; we do not suggest any .set file, just as we do not judge an EA with back-test result Users only set up adding URLs into Web requests on MT4 and put EA on the chart. Fully dynamic on controlling risk to every different capital user Fully dynamic Take-profit level, Steps control Suitable for all prefix and suffix symbols Can manage any capital of more than 1K USD Account currency calculated into Auto lot size: JPY; GBP; CAD; AUD; HKD; EUR; SGD The best pair on the main pairs related to USD; GBP; EUR; AUD; CAD; JPY; CHF; NZD AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,EURCAD,EURCHF,EURGBP,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPJPY,GBPNZD,GBPUSD,NZDUSD,NZDJPY,NZDCAD,NZDCHF,USDJPY,USDCAD,USDCHF,CADCHF,CADJPY,CHFJPY; Not one chart setup users need to put on all signal pairs (We have reason to do with signal way) 1:500 Leverage M30 Special features : Obtain the trend of pairs from the database. (Do not rely solely on info from brokers) News filtration Invisible Dynamic Trailing TP All pairings maintain communication to determine the actual trend. To capitalise on a genuine trend and breakthrough via scalping. Auto period detector for controlling a Scalping Special Spread and Slippage Monitor system as well as Hopping Spread protection systems (Upgraded new function) No parameters to configure, and it is straightforward to operate. Next dynamic grid level with order maximums Performance DISCLAIMER: Never forget that past performance is no guarantee for the future. Please run on Demo before going to live. Always start from lower risk and learn how to control a robot.