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The White Arrow EA

  • #1
  • First Post: Edited Oct 5, 2016 12:11pm Aug 6, 2016 9:38am | Edited Oct 5, 2016 12:11pm

The White Arrow EA

an Expert Advisor

by FX Invest Fund


Release Date: 07 August 2016

This EA is based on similar criteria as The White Arrow binary options indicator. It has a build in recovery structure and can be traded over a wide range of currencies and time frames. The strategy is price pattern reversal recognition by using key technical indicators and scenarios - See pic below.

Current setup is for long term equity growth with low draw down NOT exceeding 20% 30% (with the release of version 1.3). This EA can be used for more aggressive trading, but I would only advise it if you can afford the risk.

The EA has been setup to trade 6 Currencies in order to spread the risk:

  1. EURUSD
  2. EURJPY
  3. EURGBP
  4. USDCAD
  5. AUDUSD
  6. USDJPY

Each currency pair has it's own set file based on it's own price patterns and behavior.

This EA can be purchased for $149 for 1 Lifetime License here - http://thewhitearrowea.blogspot.co.za/


Alternative Copy Signal Service


MQL5 @ $30/month


SignalStart @ $30/month


21 August 2016

Version 1.3 has been released producing more profit and slightly higher draw downs, but well within limitations. The max draw down on my account going forward will be revised to 30%.
Attached Image (click to enlarge)
Click to Enlarge Name: platform_04Oct2016.png Size: 67 KB
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  • #2
  • Aug 7, 2016 3:49am Aug 7, 2016 3:49am
Please Note:

I can only reply to one PM each 24 hours so if you'd like me to make contact sooner use the contact details below

Email: fxinvestfund[at]gmail.com
Skype: fxinvestfund03
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  • #3
  • Aug 7, 2016 12:11pm Aug 7, 2016 12:11pm
Why am I getting so excited about The White Arrow EA you might think?

Because if used properly you can enjoy Low Risk trading with decent equity growth.

The test below show a portion of your portfolio:

  1. Growth +16%
  2. Max DD 3.66% ($39) Very accurate Relative DD
  3. 56 Trades = Less Trading, but Higher Probability Trades

Remember, how you use The White Arrow is completely up to you. I will always suggest to control your risk first and then seek profit. However if you have $100 or $500 to risk you can turn up the risk and let it run wild

Really looking forward to the next couple of weeks!

Attached Image (click to enlarge)
Click to Enlarge Name: audusd_lowrisk.png Size: 56 KB
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  • #4
  • Aug 8, 2016 11:10pm Aug 8, 2016 11:10pm
So far we have one open order for the week and we don't expect much more action, because the set file I'm running on this portfolio is Low Risk and Steady equity growth, because more frequent trading is not always better....

Let's watch it!
Attached Image (click to enlarge)
Click to Enlarge Name: platform_08Aug2016.png Size: 71 KB
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  • #5
  • Aug 9, 2016 9:08pm Aug 9, 2016 9:08pm
With 2 closed order, both hit SL, the EA will now activate the recovery structure for those 2 orders.

Currently 1 open order for AUDUSD, which looks like good Short if I may say so myself.
Attached Image (click to enlarge)
Click to Enlarge Name: platform_10Aug2016.png Size: 65 KB
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  • #6
  • Aug 12, 2016 1:15pm Aug 12, 2016 1:15pm
This brings us to the end of the first week.

Great trade by EURJPY today with 80 pips profit and 1.6% growth.

Max draw down during the week was 1.53%

Looking forward to the next couple of weeks.

Have a great weekend all
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  • #7
  • Aug 19, 2016 9:10am Aug 19, 2016 9:10am
Ending the week at approximately 1.5% up with 2 open orders.

The White Arrow EA is a slow trader so don't expect any fireworks..... only steady equity growth with limited and controlled draw down.

Have a great weekend
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  • #8
  • Aug 21, 2016 7:39am Aug 21, 2016 7:39am
Version 1.3 has been released and will be used on this account as of 21 August 2016.

It should produce more profit (5 - 10% per month) with slightly more draw down - therefore the max draw down on this account has been revised to 30%.

Let's see how it does in the weeks to come
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  • #9
  • Aug 22, 2016 9:01pm Aug 22, 2016 9:01pm
Yes, profit is important, but when you have massive draw downs on your account it's worth nothing to you....

Therefore please keep an eye on the max draw down on this account and then look at the monthly profit percentage.

As mentions above with the release of Version 1.3 the max allowable draw down on this account will be 30%. For an expert advisor I believe it is quite acceptable and reasonable as long as the performance as far as profit can outperform the draw down on the long run...
Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook_23Aug2016.png Size: 37 KB
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  • #10
  • Aug 23, 2016 8:58pm Aug 23, 2016 8:58pm
So here is a bit of a concern.....

The EA opened an order on the USDCAD pair with lot size 2.40 while the risk setting is set to 1.0, which means the lot size, like with all the other orders should have been 0.01.

I need to investigate to find out why this has happened and why only on this currency pair. For now I have removed the EA from this pair until I know why and what caused this.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_massivelotsize.png Size: 18 KB
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  • #11
  • Aug 23, 2016 11:44pm Aug 23, 2016 11:44pm
Quoting fxinvestfund
So here is a bit of a concern..... The EA opened an order on the USDCAD pair with lot size 2.40 while the risk setting is set to 1.0, which means the lot size, like with all the other orders should have been 0.01. I need to investigate to find out why this has happened and why only on this currency pair. For now I have removed the EA from this pair until I know why and what caused this. {image}
I still do not know what caused the EA to open a trade with such a ridiculous lot size. Until I know the reason behind it and fixed it I've stopped trading this account and will restart once the issue has been resolved.

Sorry for the inconvenience.
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  • #12
  • Aug 25, 2016 9:07am Aug 25, 2016 9:07am
Quoting fxinvestfund
{quote} I still do not know what caused the EA to open a trade with such a ridiculous lot size. Until I know the reason behind it and fixed it I've stopped trading this account and will restart once the issue has been resolved. Sorry for the inconvenience.
I think I have found the problem with an issue with the "Magic Numbers". It somehow caused a conflict between the charts and threw out the lot size. I have now reduced the currencies as well and only use the EA with 4 currency pairs as seen below.

Let's see how it does
Attached Image (click to enlarge)
Click to Enlarge Name: platform_25Aug2016.png Size: 66 KB
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  • #13
  • Aug 29, 2016 10:58am Aug 29, 2016 10:58am
Great EURUSD buy order by The White Arrow...

Let's watch it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_29Aug2016.png Size: 23 KB
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  • #14
  • Aug 31, 2016 9:01pm Aug 31, 2016 9:01pm
Great buy order by the EA at a clear support/resistance level hoping to reach the upper s/r levels with a 1:2 risk/reward setup.

Let's watch it....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_01Sept2016.png Size: 25 KB
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  • #15
  • Sep 9, 2016 1:33pm Sep 9, 2016 1:33pm
Very much mixed results here with no clear direction as yet.

Will have to wait for next week to see what happens.

Have a good weekend!
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  • #16
  • Sep 16, 2016 7:26am Sep 16, 2016 7:26am
Finally taking shape, but I don't think any of the orders will close before the weekend though......

Have great one!
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  • #17
  • Sep 17, 2016 1:01am Sep 17, 2016 1:01am
Got a nice boost on eurgbp before markets close. Lets hope price will close the 16 pip gap to tp level to close the order..... will have to wait patiently over the weekend......
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  • #18
  • Sep 20, 2016 2:04am Sep 20, 2016 2:04am
Quoting fxinvestfund
Got a nice boost on eurgbp before markets close. Lets hope price will close the 16 pip gap to tp level to close the order..... will have to wait patiently over the weekend......
Finally EURGBP order closed and profit has been banked!
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  • #19
  • Sep 22, 2016 4:24am Sep 22, 2016 4:24am
Waiting patiently for the ea to place the next order........
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  • #20
  • Sep 26, 2016 5:26am Sep 26, 2016 5:26am
The ea now has 2 open orders of which AUDUSD is a recovery order from previous losses.

So far you will notice not much aggressive as far as profit goes, but also low draw thus far.

Let's watch it!
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