Monthly Archives: April 2014

Winner of Poll for the 25th April 2014

Salve a tutti,

first of all thanks to everyone who spent  time to participate in our Poll for the “Social Forecast Trading System” last week.

You can check the Poll Results here.

If you haven’t done it yet, remember to vote for this week poll here. It takes a second and can be worth $25!

The more votes, the more reliable the results will be. We want to develop a real profitable trading system based on that approach and we definitely need your help :)

But let’s come to the winner of the weekly forecast pool… drum roll, please…


wins the title of “Forecaster of the Week” because he provided the forecast on EURUSD – which moved +25 pips in a week – with the best accuracy (+31 pips).

Congratulations for winning a $25 coupon 😉

The email address is not displayed entirely for privacy reasons 😉 The winner has been notified via email.

Please read the Poll Rules to understand how coupons can be used.

VoxPopuli, VoxDei

VoxPopuli” (a demo account with 10K USD starting balance) trades EURUSD following what the majority of people voted.

VoxDei“(a demo account with 10K USD starting balance) trades EURUSD following what the minority of people voted.

The lot size of trades in these accounts is adjusted week by week at the re-open of the market.

Here are the performances of the “Vox” accounts after 119 weeks:

  • VoxPopuli -$1540.89
  • VoxDei $186.47

Here is the performance of Consensus after 25 weeks:

  • Consensus $5179.95

So far VoxPopuli has won 56 times and VoxDei has won 56 times out of 119 weeks (seven polls ended at 50%-50%) . Let’s see what happens this week and the weeks ahead.

Don’t forget there is a Poll open right now for forecasting the price of EURUSD for the 2nd May 2014!!!


The weekly $25 coupon is waiting for you :)

The poll closes Sunday night at 22PM GMT.

ForteFx Meets Renko 6

Hi Everyone,

our main interests in automatic trading during the past several weeks have been smart grid trading (pushing ForteFX to the best of its capabilities) and Renko trading (i.e. trading based on “price chart” instead of classic time based charts).

If you follow this blog you probably already know that, since we have been discussing several ways of improving ForteFX and we have released the HART EA (an acronym for Heiken Ashi Renko Trader).

Therefore you can also imagine that the next step in this research is trying to combine grid trading, Renko boxes, and the Heiken Ashi indicator. Actually we have just done that a couple of weeks ago when we coded “Forte4Renko“, a new Expert Advisor that allows to trade the strategy of ForteFX on Renko charts.


Forte4Renko is a hedged grid trading system that uses 3 possible ways for calculating the trend score:

  1. Renko boxes (i.e. pure price action)
  2. Heiken Ashi
  3. Smoothed Heiken Ashi

The trend score is based exclusively on the currency pair the EA is trading on, therefore Forte4Renko does not require historical data for several currency pairs like ForteFX does.

If you already know the concepts of currency strength/weakness, you may be asking at this point what this new “trend score” is based on. Actually it is pretty simple (yet very effective): the trend score of Forte4Renko is the number of past “candles” that show the same direction, up to a number of 5. A candle may be a renko box or an Heiken Ashi candle, based on input settings.

As an example in the screenshot above you can notice that there are 3 closed blue Smoothed Heiken Ashi boxes in a row (we don’t count the most recent one which is already forming), therefore trend score = +3 in this case (assuming the user has selected the trend score algorithm based on Smoothed Heiken Ashi).

This strategy is very interesting thanks to the great filtering capabilities of Renko boxes and Heiken Ashi.

And the good news is that Forte4Renko will be released soon 😉

Of course stay tuned because the first copies of this EA will be release at a very special price, especially for all the loyal ForteFX customers :-)

Have a great week-end!

HART EA Update v1.01 Available Now 2

HART Box SmallHi Everyone,

we have just released HART EA v1.01. This version was compiled on both MT4 Build 509 and MT4 Build 625.

We highly suggest to install this new version which brings many improvements with respect to the v1.00.


Here are the new features available in the v1.01:

  • you can enable/disable BUY/SELL trades from the input settings
  • you can prevent the EA from opening new trades during specific hours of the day and/or days of the week
  • you can specify all the input parameters of the “HA Smoothed” indicator
  • you can associate a hard stop loss and/or hard take profit to each trade (this can be useful as a security mechanism if the platform gets disconnected from the broker for any reason)
  • the textual interface displays the size of renko boxes (as pips)
  • you can specify a take profit expressed as number of renko boxes
  • you can specify a trailing stop expressed as number of renko boxes

The last feature in this list is probably the most important one and we suggest to put trailing_stop_boxes=2 when you start testing it.

If you have a license of HART EA please check your inbox as we’re sending all the download and installation instructions via email.

I hope you enjoy the new version of HART EA 😉

Have a great trading day!