Archives for posts with tag: what is forex

After some 9 months of using the Leo EA since Nov 2012, I’m very delighted to share that I have finally got myself out of the Red and in the Black!

Ever since I began my Forex Trading journey with the Leo Automated Trading Software, I must admit that it hasn’t been all smooth sailing. Barely 2 months into trading in January 2013, I lost about 60% of my capital because of Overtrading.

Since then, a few things have changed that have helped me in my Forex Trading journey.

With the newest version of the Leo Forex Robot, my profits have increased and my risks lowered by at least two fold. The Robot is able to achieve about 5-10% monthly returns, with a drawdown of only 10% (about HALF of the industry average!).  This newest version of the Leo Forex Trading Software has been pivotal to my quick recovery, which otherwise would have taken at least 6 more months!

I am sincerely grateful to Edward Khoo, the brains behind the Leo Forex Automated Trading Software, for his efforts to constantly improve the trading software, and of course for this wonderful opportunity! Thank you!


Click here to sign up for our FREE Leo EA Introduction Workshop and learn how to trade Forex with NO EFFORT at all!

Now it’s time for some action; let’s take a look at some trades! 

For all three backtest reports, an initial deposit of $10,000 is used.

In this first Strategy Tester Report, we ran the backtest during a Medium Risk market condition, and tested the Leo Forex Robot to the maximum limit. Instead of the recommended 0.05 initial lot settings, we used 0.4. See the results for yourself below!

Super Leo EA v308 Strategy Tester Report - STRESS TEST

Super Leo EA v3.08 Strategy Tester Report – STRESS TEST

With just a $10,000 deposit, the Forex Automated Software yielded a whopping $16,800 in just 2 months!

Initial lot size 0.4
Profit per month 84%
Win trades 77.71%

DISCLAIMER: The above HIGH RISK settings were used purely for TESTING purposes, and should NOT be used for your personal trading! The recommended initial lot size for a US$10,000 account is 0.05.


Click here to sign up for our FREE Leo EA Introduction Workshop and SEE it for YOURSELF!

In this second Strategy Tester Report, we’ll be running the Leo EA through a period of High Risk market conditions; the 2008 Financial Crisis. During the worst month of this crisis, GBPUSD slid about 2000pips, the largest swing in its history. We used a conservative setting of 0.02 initial lots.

Super Leo EA v308 Strategy Tester Report - Financial Crisis

Super Leo EA v3.08 Strategy Tester Report – Financial Crisis

Ignoring the huge jump at the end of the period, these settings gave us about $3,000 returns over a period of 17 months, giving us an annual return of about 22%! The Leo EA makes money for you even during times of major crisis!

Initial lot size 0.02
Profit per month 1.8% (5.47%)
Win trades 77.88%


In the third and last Strategy Tester Report I will be sharing with you today, we’ll be running the Leo Robot through a period of Medium/Low risk market conditions and using recommended settings of initial lot size 0.05 for $10,000.

Super Leo EA v308 Strategy Tester Report

Super Leo EA v3.08 Strategy Tester Report

As you can see for yourself, the Leo Forex Trading Software managed to give us a Net Profit of $2,584.58 over a short period of 2 months. That’s an average of 12.92% per month, at only a 15.23% drawdown!

Initial lot size 0.05
Profit per month 12.92%
Win trades 68.9%

Click here to sign up for our FREE Leo EA Introduction Workshop and GROW your FORTUNE today!

With that, I’d like to end off this post with…

Oh yeah, I'm IN THE BLACK!


I’m excited to share the newest version of the Leo Automated Trading Forex Robot, Version 3.03E. In previous versions of the EA, the biggest problem was that it never took into account market trends. This poses a large risk during strong market trends, as the Robot would constantly try to place positions in the opposite direction from the market.

However, a great deal has changed in version 3 of the EA. Here are a few of the most important changes:

  1. Utilizing larger range of Commodity Channel Index (CCI): 200 to -200
  2. Smaller take profit level: 15 pips instead of 35 pips
  3. Placing more positions but for small profits
  4. Taking into account CCI overbought/sold trends. Placing of new positions are no longer limited to only when crossing the CCI boundary levels.

Leo EA v3.03 - smaller profits

As you can see from the image above, the pink arrows point to positions placed based on oversold conditions exhibited by the CCI. By combining this technique with a lower take profit level, the Leo Forex Robot is now able to predict short term market direction, and accurately place profitable positions!

So, what does this mean in dollars and cents? How does it fare compared to the previous version?

For your reference, I did a backtest using the different robots over the same time period of February 2013, and you can see a clear difference in their performances. See for yourself!

Leo EA v2.07 Strategy Tester ReportLeo EA v3.03 Strategy Tester Report

The first Strategy Tester Report is for the old version 2.07, followed by the new version 3.03. Both reports cover the same time frame of February 2013.

For comparison’s sake, I built a table just for you.

Leo EA v2.07 v3.03
Net Profit $431.81 $658.27
Profit Factor 1.39 1.8
Maximal Drawdown 16.19% 13.01%

From this comparison, it is clear that the New Leo EA is able to generate Higher Profits with Lower Risks! Although it is not clearly shown in the comparison, the new Robot has a shorter Drawdown Recovery and holding time for each position, which in turn also contributes to a lower overall risk of using the Robot.

In case I haven’t made my point clear enough, I’d like to end off this post with a screenshot of my Balance-Equity chart. This is taken from an account that started trading on the 20th of March 2013 and shows the performance for a period of slightly over a month.

For the live results updated every minute, click here:

Equity_balance_chart Leo EA

And here’s another one which started trading since the beginning of January 2013.

Leo EA Closed_profit_curve

If you’re interested to find out more, I highly recommend attending the FREE Marketing session held at LS Capital office every Monday and Friday 7pm. Feel free to contact me if you are interested to attend, and I hope to see you join us and let your money work FOR you!

I’m no expert in Forex trading but I’ll tell you this: Forex trading is risky business!

I first ventured into the unfamiliar scene of Currency trading when my Aunt introduced me to Edward Khoo, the owner of an Automated Forex trading Robot & founder of LS Capital Pte Ltd, here in Singapore. As a young, naive and risk-loving undergraduate, I was naturally very much interested in the 10%/month returns the bot claimed to achieve.

So like any other tech-savvy 24 year old, I turned to my friends & Google to find out more about Forex trading and the cost-benefits of automated trading. As we discussed about it, one question always popped up in the conversation; if the robot really works, why bother selling it to individuals at $1,500 a piece when you could sell it to huge corporations for millions and millions of dollars? I mean, wouldn’t that be anyone’s first instinct?

To find out, I attended Edward’s marketing presentation three times to get a better understanding of how the robot operated, and this is his answer to the above question:

Why should I sell my product to a bank or any other financial corporation? They already have more money than they need. I want to make people like you and me happy. People who need money to send their kids to school, to pay for their medical bills, and for people who want to retire and be able to earn a passive income.

So… you do this so that everyone can make money together and be happy, and you find joy in helping others to build their fortunes and making them happy? Sounds like a typical answer to the question, but his sincerity was real and I could feel it.

I know there are countless other forex robots out there that claim to be able to do the same thing, so just to make sure, I asked around about the functionality of the robot and got a thumbs up from a source who had experience with trading Forex.

First of all, the robot only trades GBP/USD which is a generally stable pair and relatively politically stable, as compared to the likes of EUR & JPY. The robot also uses a moving average inspired by the Martingale (doubling) system. It also only trades on platforms providing a leverage of 1:500 so that only a minimum sum of US$5,000 is required to start trading.

My eagerness got the better of me and I deposited US$40,000 into StarfishFX & started trading on the 20th of November 2012, even taking up a bank loan with 1% flat interest for 6 months to fund part of it.

I knew what I was getting into. I knew that I had the risk that if one day the market crashed, I could stand to lose all the money I deposited. But I thought that it wouldn’t happen to me, or that maybe I would see it coming and prevent it in time. Well, I was wrong.

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