Zamolxis v3.0 has just been released!

Long story short: Zamolxis has made a 128% profit during one year and 6 months period. Which means, ~3,000 pips, an account growth of 4.7% per month. This is near our target. We could have set a different target (higher profits), but high profits come with high risks and we can’t accept that as we’re aiming for long term profits.

Here, at longtermforex.com we treat forex as a business. And before we start a business, any business, we need to know when exactly will get back our main investment.

According to investopedia, “The yield is the income return on an investment, such as the interest or dividends received from holding a particular security. The yield is usually expressed as an annual percentage rate based on the investment’s cost, current market value or face value.

For example, suppose we buy a nice house for $3,00,000 and rent it. At the end of the year, we get a nice $21,000 revenue, which gives us an yield of nearly 7% per year. After 14 years of renting, we finally recovered our main investment.

On the other side, forex is a more lucrative business (if treated as a business) because the yield is much higher. Zamolxis has an average yield of 60% per year, which comes with a risk of 20%. If you want to lower the risk to 2%, the profit is also reduced at 6%. This is comparable to the situation we described above.

For those of you who don’t have the money or time to buy a house and rent it, we propose Zamolxis.

What is new in this version?

1. Trailing stop. We don’t want to lose the profits entirely if the market turns against us, especially when the traded lot size is bigger, therefore the robot has not the ability to decide when the trailling stop should be activated. If the market goes in our favor, we can follow it and win big!

2. Lot increment algorithm has been changed. Suppose the starting lot is 0.1, then the lot increment goes as follows:

USDJPY: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1.2
EURJPY: 0.1, 0.1, 0.1, 0.2, 0.4, 0.6, 1.2, 2.4
AUDUSD: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1.6
EURUSD: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1
GBPUSD: 0.1, 0.1, 0.1, 0.2, 0.6, 0.8, 2.4

If the 7th trade is lost, then the next lot size equals initial lot of 0.1 and the cycle continues.

However, thanks to the trailing stop function we added, if the lot size of a trade is 0.1 (the initial lot size) and the profit for that trade is higher than the initial tp, the lot size doesn’t increment even if the next 3 trades are lost. Why? Because we are still in profit overall and we can afford to take one more loss (or more) with lot = 0.1 (initial lot). Now we can win big if the market goes our way and we can take many future losses without the need to increment the lot size.

To put it simple, the lot size rarely increases! And this is a huge step forward because the risk is highly reduced!

3. Multi currency trader without additional controller. If for trades trades we have a profit of pips pips, the lot size doesn’t get incremented. For example, if trades=20 and pips=200, it means that for the last 20 trades (all currencies) we have a total profit of 200 pips. We are satisfied with it and we don’t see the point of increasing the next lot size even if the last trade has ended with a loss.

4. Protection against stop loss hunting. As much as we like to hide the sl and tp levels from brokers, is very unsafe to do it because the market may turn violently against us wiping up the account. sl and tp remains in place, but there is an additional hidden function which does exactly that: if the broker doesn’t close the trade for profit even if tp is in place, the function activates and closes the trade.

5. You can now close the trades manually for loss or profit. You could have done it in the previous version also, but now all bugs have been fixed.

6. The core algorithm has been reoptimized. Neural networks and bayesian filters has been improved, the main purpose is to reduce the risk of ruin.

7. New tp and sl setting feature. In the previous version, the sl and tp levels are not set when opening a trade, the trade is modified right after opening with the desired sl and tp levels. Now you could activate the function which enables you to set tp and sl when opening a trade. A rather useless function you may say, but some clients reported that this is the only way Zamolxis works on their broker, by setting tp and sl when opening a trade, not after.

8. Please welcome to our new pair: EURJPY