I had implements some new features last week. Visual pips spread, High and Low on the charts, but for some reason it works on some accounts, and not on others, even the same brokers, so I have temporally removed them form the program and uploaded a new update on the support forum
Although the week started out slow with several losses Excalibur has recovered quite well.
I am still having some issues, with a few traders, that believe that they have a mini account, but actually have a standard account. If you have a mini account then every chart displays the currency as, for example: EUR/USDm, where the “m” stands for mini or micro.
If you are not seeing this “m” on your charts, then you have a standard account. Do not change the default settings form lot size of 0.01 if it is a standard account, especially if you are running Excalibur on a “Live” account. Unless the standard account has more than $ 3,000.00 in it you stand a chance of killing your account.
The account we stared with $3,000.00 in it back in October, now has a balance of $120,909.40 and although it took a major loss, at the beginning of last week, it has more than recovered. This is a standard account and unless you can afford to take a larger risk than 1% of your account balance do not try to duplicate these returns.
When to Close Out A Trade?
Other than the daily charts, which should be left alone, the 30-minute chart will continuously make profits, if you watch the trades.
Excalibur is designed to take as many profits as possible, and as such has a higher than normal “Take profit” than most traders can deal with. Solution for the 30-minute chart is simply this. Either leave the default settings alone and close out any trade that is in profit, or change the settings and change the Break Even to 20 pips and the Take Profit to 10 or 20 or 30 or what ever suits your needs.
Received a letter the other day where a trader had 600 pips profit, on Excalibur, let it ride, it revered and lost 50 pips. Might have simply been better to close out a lot earlier manually, than let things ride. This was not the trader’s fault so no blame here, some traders have the position that Excalibur is fully automated. Incorrect.
Excalibur is designed to place a good trade, Managing the trade, is in the traders hands, Either Change the settings for the profits, to reflect your wishes, use the Money management program you can download for the support site, or let it run and hope the trend does not reverse on us. Remember, that the daily charts have a 300-pip stop loss entry for a reason. The 30-minute chart has only a 50-pip stop loss, and as such does not trade the trend as well as the daily chart.
I am very impressed with the number of people that are using the Excalibur program demo, that have joined the FX Reports Network and have subscribed to the new E-mail Alert Signal Service The E-Mail Alert Service, done nothing but make pips for everyone. All e-mail alert signals are pending orders, giving everyone the opportunity to trade along side me, as the day goes forward. Thank you everyone for the support, and joining in the FX Reports Family of Traders. I love nothing more than talking for hours, on the phone with my clients.
Trading can be a very lonely and frustrating venture. It also saves me a lot of time, when a question is posted to the TSD forum, and then answered once, and properly, for others to see. Answering the same questions again and again takes a lot of unnecessary time from my trading and programming here.
Excalibur V3.5 is almost finished and has tested far beyond anything I have expected, giving returns that exceed my original goals. As such I can now concentrate on the other currencies and add them to the program and make even more profits for all members.
I have been questioned many times, but other programmers, for allowing the Excalibur program to actually trade on a “live” account rather than a demo that only trades on a demo account. I prefer that any trader, have a fair opportunity to use any program, I release and use it live, if desired, to actually make real money without having to pay a cent for it first.
Nothing I dislike more than purchasing some program with great back testing results, paying hard earned money for it and then it makes nothing but losses over and over. I have every program, here available, and spent a small fortune at times, buying other programmers products, to see what they are offering. I have found only a few that actually work and they are expensive for a reason. When the expiration date, in February is reached, all future demo Excalibur’s will only trade on a demo account. Remember I am not giving away free money here, simply an opportunity to make some first.
I am working hard here on the final User Manual for Excalibur and will have it done before the sale link is published and then expired. Excalibur is designed to return for 3 % per month on your investment or a lot more dependent on your risk appetite. I will be here supporting the program for a long time and will be starting work on a new project very shortly.
In closing there is a new download in the support forum. Same name as the older zip file. If you have already downloaded it today then do not do it again.
To Success
Bernard Balan
Excalibur V3 Automated Trading System Download Demo Here.
Linear Mode
