How does the EA work?
Expert Advisor (EA) works on price action and time only, no indicators are used
(unless using the trading with trend direction option).
This EA has no DLL function calls, extensive logging or extensive CPU usage and
typically uses no Stop Losses or Trailing Stop Losses. A Stop Loss option is
provided to be used when trading with the trend. There are also other
controls within the EA to limit trading and risk exposure. This
EA can be run on ANY chart time frame, with Candlesticks, Bars or Line charting.
Typically, the EA is only run on one currency pair at a time, though other
trading or EAs may be run with it and Paradise will work independently.
The Paradise EA has many options that the user
can turn on or off. The EA uses GRID trading,
and a countertrend trading method along with the option of HEDGING plus special
ways of reducing the risk exposure and limiting losses.
on how the EA is used, it can be run virtually non-stop or only specific times. The client can set up
the inputs in a myriad of ways to trade the market accordingly. The accompanying guide walks the
user through determining how to best run the EA and the EA defaults are set to
run OOTB (out of the box).
Paradise EA has been tested, traded and optimized since June
2007. Due to increased market volatility in 2008 a method was sought to better
master the big moves and swings in the market. The latest version,
ParadiseAwaits, now has
options to trade with the trend, which is proving to be more profitable in the
long run and able to withstand breakout moves with less frequency of being
stopped out. New features have also been added so the user can scale back the
risk exposure which means a lower account balance is required. Details in the Success Guide assist clients on how to determine
successful settings. as well as numerous SET files and an xls spreadsheet with
different settings and results. Within the EA are levels
where the client can select how the lots are multiplied as the EA places larger
trades. The lot sizes are typically not doubled. The client can also
increase the grid spacing as the lot sizes increase along with other special
features to keep risk exposure down and allow the EA to handle bigger
How are pip values and total pips calculated?
only way to calculate pips is relating it to the base lot size as the EA doubles
the lot size as it moves. So we calculate the value of the pip on the initial
lot size. On a mini account on the Eur/Usd the pip value is 1.0, on the
Usd/Jpy it is 0.9. So we take the total profit made for the run and divide that
by the pip value to attain the total pips captured.
What are the minimum account
balances required to run Paradise?
is recommended to have approximately $1,000 minimum to run on a MICRO account, lot size .01 ideally
with NO OTHER EAs TRADING or manual trading; $10,000
is the recommended minimum
on a MINI account, initial lot size is .1; and $100,000 on a
STANDARD account, initial lot size is 1.0. This is figured on an
account with 200:1 leverage. Tracking the MaxDrawDown and MaxAccountMargin used
when demo testing will give the user an idea of the space this EA needs to live
trade a real money account successfully at a level of risk they are comfortable
with at the settings they have chosen. This is explained in detail in the
accompanying Success Guide.
rule of thumb: a larger account balance equals less risk, more flexibility in
settings and trade times, Power User Option capabilities and the ability to also
trade manually or with other EAs running on the same platform.
What if my account balance is between the minimum
levels, say $25,000, can I start trading Standard lot sizes or double the
initial lot size?
would have a lot more flexibility than someone with only $10,000. So you could
even run the EA on the same pair twice, at the same time. This is a Power User
option discussed in the Success Guide. In the Success Guide the client is
shown how to use Option Tables and the MetaTrader Strategy Tester to determine
settings, limits and required account balance.
What is Power User Trading?
In the Success Guide, the
tutorial, it explains that a Power User is one who has a much larger account
balance, which can sustain more drawdown and
margin used and can trade beyond just using the EA with default settings.
The Power User has 7 Options on how to 'push the envelope'.
Do you provide a demo version so I can test it out for
We offer a lease option for a small
investment instead of a demo version. The EA will continue to run on a
demo account beyond the lease term. Update 4/16/10 we have discontinued
the lease, sorry. Our EAs are profitable and very reasonably priced. Most
have links to view the live trading. Check back, more will be added in the
Could you send me a live statement, not a demo
results are live. This is not Strategy test results. If certain settings
are increased, the EA can be
run through the Strategy tester but since the EA is typically not run
continuously, the results cannot be considered as accurate. Past
performance, testing and analysis has proved that live real trading and demo
trading results with the same broker yield results that appear to be identical.
This EA is often traded on the creator's live funded account.
Sometimes live statements are shared but often other trading is going on
cannot be shared. If I
manipulated the data to extract trading for specific EA, it would lose credibility.
the week ending 3/14/08, I captured 1,280 pips on my live account which was 2
runs of the EA.
How do I know that you're
not just another scammer?
of my sales are coming from those who have known me a while and realize my
sincerity, and know me as one of integrity. I realize there are a lot of scams
out in the market and people trying to wipe up by making bogus claims. You won't
find that from me. I couldn't sleep at night! If I was into scamming, I sure
wouldn’t use my full name and photo for all to see. But I realize most people
have no clue as to who I am so I am faced with the challenge of overcoming that.
The results do
look unbelievable. I am still a bit blown away with the results myself.
How do I know the system will work over time?
It is easy to sit at a
distance and pre-judge or be wary of my results. I can understand that. They are
incredible! But through my months of testing I have found what settings and
times have been working and am confident that the EA will continue to be
successful, if used as the Success Guide directs. In the private client
area I share my "Trade Calls" and possible market warning signs
that alert us that strategy/setting changes are needed.
How will I know when to run the EA?
the accompanying Success Guide, it spells out in great detail when and how to run
this EA to empower my clients with success. Demo testing is essential to get to
know any EA and I also provide a Results Tracker sheet so clients can evaluate
the settings, times, etc. I have demo and live traded this EA for months, many
more than I post in my results but I have fine-tuned it and don’t feel it
would be accurate to post results from previous versions. If someone is losing
on this EA, I truly believe it is due to not following my guidelines in the
Success Guide and over trading due to pure greed. With the extra power in
Paradise, the EA can be set up to run for extended
periods of time, though I do recommend in the Guide to avoid certain times. The
latest version also has a method for shutting down the trading prior to a 'No
Trade Day', such as Friday and can be set early that same week. In
the private client area I share my "Trade Calls" and possible market
warning signs that alert us that strategy/setting changes are needed.
Is this a fully automated EA, can I set it on a server
and forget it?
This EA can be run in different ways. Some clients do have it running all the time and are doing well with it that way. It
originally was designed to only run at specific times, conditions when the market was less likely for a breakout but
now we run it most of the week non-stop.
The ParadiseAwaits version is able to run more or nearly continuously and experience less
drawdown. A lot of how successful the EA is depends on your leverage settings which determines how much margin you can use before experiencing a margin call. If the leverage is too tight or the account balance too small there is greater chance for losses. Each
client has the ability to set the trading limits in the EA.
Many factors come into play when running
any auto-trading program.
It is prudent for the user to at least occasionally monitor any EA while running
it to verify all
is working properly
and no manual intervention is needed.
Questions about price or those seeking a discount
In the right hands, I truly believe this EA is worth
thousands and that the price I am selling it for is a steal. Just look at the
results! Clearly people are spending thousands of dollars on systems that still
need a lot of manual trading and aren’t that good. The Paradise EA user has
unlimited use, free future upgrades for current lease holders or those who do a
one-time full purchase,
no account restrictions, extensive customer support, it can be run on demo
and/or live trading accounts, or can be used on managed accounts for others,
provided they are under the original purchaser’s control.
On a mini account
a user should be able to recover the expense of the EA rather quickly, typically
in a week.
Initially, I had
no intension of selling the EA. But I am currently trading it on a micro account
so building my account
balance using 0.01 lots is a slow process. I
decided to release it to empower others with a winning system.
you offer a money-back guarantee?
to the electronic nature of this product with no way to physically ‘return the
product’, there is no money back guarantee.