ForteFX 20


We often receive inquiries about Crescendo, the first successful MT4 robots we coded. We and many other traders are still using Crescendo after more than 2 years now. There is a reason for that :-) Crescendo continues to work pretty well for all traders who use it with a grain of salt 😉 It is a few weeks now that Crescendo is not on sale anymore though. The good news is that we decided to make this strategy still available for all Pimpers :-) As a matter of fact we coded a “pimped” version of Crescendo named “ForteFX“. This is not “just” Crescendo, but a new Expert Advisors built upon the original Crescendo strategy with some new interesting features. But before I describe the “new” features, let’s make a step back and give a brief overview of the trading strategy implemented by Crescendo, since some of the new readers of this blog may not know Crescendo yet. Basically Crescendo has an trend detection algorithm that is used for grabbing repeatedly small amounts of profits while a price trend develops. When the trend is not predicted correctly (no strategy can be 100% accurate) Crescendo tries to average down the price, so that a profit can be made on the next reversal. Let’s see this GBPJPY chart as an example (click for zooming in): On the left of this chart you can notice the many sell trades that are closed for a profit. In the middle of the chart you can notice a situation where Crescendo is averaging down the price of a set of short trades, and in the end it is able to close them successfully for an overall profit. The strategy exploits the natural tendency of prices to “reverse”. Here is an example of how the equity can grow over time with this strategy (this is a real account that more then tripled the balance trading only Crescendo for 18 months): Of course trading with Crescendo requires the trader to use a correct money management and to be prepared psychologically to withstand the inevitable drawdown phases. ForteFX makes our life easier for taking advantage of this apparently simple – yet powerful – trading strategy also aiming to reduce the draw down with the use of hedging. Here are the main improvements introduced by ForteFX  in details:

  • Hedging is embedded and automatic in the strategy. It’s like having two EAs trading at the same time: one taking only the long signals and one trading only the short signals. Working independently so that the ForteFX won’t be stuck for days, weeks or even months waiting for a retracement but will keep on cashing money following the stronger trend.
  • It can work on ANY currency pair (so it is no longer forced to work on GBPUSD/GBPJPY). The multicurrency approach is one of our “identifying marks” and so all our strategies are made to work on the largest number of instruments. Yes, you can use it on indexes, commodities and stocks if you want!
  • The trend algorithm has been greatly improved as it now can use two of our best currency trend strength meters: PotenzaFX and PowerbarsFX. Those of you already owning them, know well how powerful they are as they let you read the currency market as no other indicator. They let you touch with hands the situation in the currency war.
  • The averaging down algorithm is more sophisticated. To greatly reduce the drowdown, new trades now are entered only if the original trend is resuming itself.
  • The input settings are much easier for the end user. You won’t have to deal with many different options. Everything has been simplified and the strategy is simple to understand and manage.

Here are the performances of ForteFX with our best settings (click on the picture for being redirected to the account on MyFxBook):

fortefx_myfxbook_20140221


A note about the use of the PotenzaFX or PowerbarsFX trend based algorithms. You need to have them installed to use that feature. To meet people that don’t own them already, if you decide to buy ForteFX you’ll receive a 50% discount code for them that you can use to buy both (or just one) at ANY TIME. But that’s not all. We know that most of you already own and trade Crescendo and to thank you and help you in keep trading this strategy at best, we decided to sell ForteFX to our loyal followers with a 50% discounted price. This is not a limited offer.

Suggested Broker

Although the strategy can work pretty well on any reputable broker, we personally use and suggest FinFx which offers top-rated liquidity providers and very competitive spreads.

What You Get

  • ForteFX EA
  • An online manual with instructions
  • Subscription to ForteFX private Yahoo! Group in order to partecipate to the performance improvement process of the EA
  • Email Support

Ready To Buy?

If you are interested in the ForteFX EA you can buy them from here.


ForteFX EA (for MT4) – FREE


ForteFX EA with membership to specific private Yahoo! Group. The EA works on every MT4 platform. The license is for one live account and any demo account.


Learn how to get it for FREE!

ForteFX EA (for MT4) – $249,99


ForteFX EA with membership to specific private Yahoo! Group. The EA works on every MT4 platform. The licence is for one live account and any demo account.


BUY IT

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20 thoughts on “ForteFX

  • Dan

    Hi Andrea,

    Your best settings chart is performing very well. It looks like a possible candidate for trading on a larger account except for one thing that I want to understand better – the varied lot sizing. I may have missed it but I can’t recall reading about this.

    It looks like each successive trade within a basket is progressively larger than the previous. Is this classed as a martingale or anti-martingale strategy? (bigger lot sizes in the direction of the trend) What is the largest multiplier or level that a trade can reach?

    Thanks,
    Dan

    • Andrea Post author

      Hi Dan,

      by default ForteFX works with a linear martingale (0.01, 0.02, 0.03, 0.04, etc.). It is a martingale but a quite “safe” one. You can set to use no martingale or more extreme ones.

      There a setting:

      martingale (default 1)
      0 – None; 1 – Linear; 2 – Fibonacci; 3 – Exponential; 4 – Logarithmic.
      A value bigger than 0 allows to select a martingale algorithm that modifies the lot size of trades after the 1st trade. We have enabled a linear martingale by default.

      In the manual you’ll find all the information.

  • Dan

    Hi Andrea,

    Thanks for the answer.

    I’d be really interested to know the performance results with each of the 5 martingale (and none) settings. Have you done any back or forward testing to determine that the linear is the best? Would you say that one delivers the best profit factor and risk/return?

    Do you have any plans to set up demos for all 5 martingale variations using your 10/2 best settings?

    Happy Easter to you both
    Dan

    • Andrea Post author

      Hi Dan,

      we haven’t got any comparison to show you. We decided to go with the linear martingale based on our previous experience with Crescendo. It is a good balance between performances and risks.

      The other martingales can have better performances but in

      With the new algos and the safer approach (only open additional trades only when the trend gets back to the original direction) probably the other martingales can be an interesting choice.

      Surely something worth trying on forward test.

      Next week I’ll do some cleaning of my many MT4 platforms running and start some new setup with different martingale algos.

      Thanks and Happy Easter to you as well,
      Andrea

  • Kevin

    Hello,

    I purchased your ForteFX EA yesterday but never received any info on Subscription to ForteFX private Yahoo! Group, as mentioned as coming with the purchase of the EA. Can you please help me?

    Thanks,
    Kevin

  • Ben

    Hi

    I testing ForteFX on cfd contracts and it traded ok with Hull MA for 2 weeks and then stopped working.

    It just stopped placing trades, the trend score froze when the system was in drawdown.

    I waited a few days but nothing happened. The market reversed and it failed to place any hedge trades.

    Perahaps this is not an issue for currencies, but there seems to be an issue with cfds.

    Has anyone else experienced this issue?

    Thanks

    • Andrea Post author

      Ciao Ben,
      everything seems due to the trend score algo used.
      Please check that the trend algo indicator is working. It seems that you’re using HullMA (so algo = 1). Please check that and if it’s 1 then try applying the HullMA indicator to one chart and see if it works.
      Cheers,
      Andrea

  • Ben

    Hi Andrea

    I think you might be correct that the trend algo score is the problem.

    However, I have the Hull MA indicator installed, and trend algo set to 1.

    The EA worked perfectly for 2 weeks and then the trend score algo reading froze and it obviously disabled the EA from placing new orders.

    If I place the Hull MA on the chart as you suggest, will this prevent any further instances of the trend score algo not working?

    Thanks

  • Ben

    HullMA.ex4 is the indicator I am using.

    Trend Score is changing and Status = Running.

    The issue is this – will Trend Score still be working in 2 weeks time?

    • Andrea Post author

      Ok then.
      Everything seems fine.
      Don’t know why it stopped working but shouldn’t happen anymore.
      What I do suggest is to restart the MT4 platform during the weekend when markets are closed. I usually use this time to make some platform cleaning… logs, etc.