Total Rebate Report

Filed Under (Journal) by Casey on 25-05-2010


So far, there has not been any validation about the forex rebate strategy that I have posted about two months back. All I have is just some small bits and pieces of details with regards to this strategy.

I had got an email feedback a few weeks ago that question the validity of my strategy. In summary he said that this strategy was not a valid strategy.

He wrote:
Your “rebate strategy” is not a valid strategy because you will never get a rebate that is greater than the Ask-Bid spread cost. Brokers are not stupid. You do not have an edge; only a discount per trade (which is still better than nothing).

Also, you need to make sure that you are not disadvantaged in any way because of being enrolled in a rebate program (or using an Introducing Broker). e.g. make sure that your Ask-Bid spreads are the same as non-rebate clients.

I did not reply his email because there does not seem to be any detail verification that what I was doing make sense. I believe what he meant in the first paragraph was regards to arbitraging the price. The edge that I was talking about was not that the rebate will give make it profitable because the spread can never be zero.

And I have to admit that I only did two to three post with regards to Forex Rebate. There wasn’t much detail with regard to the advantage of having Forex Rebate as part of ones trading strategy.

Hence, over the past few weeks, I have been busy writing up a report. A report to explain in detail what I did and the theory behind this strategy.

This strategy is not meant to make money independently. I believe it is meant to probably enhance ones trading bottomline.

If one were to see my live account, I have inserted a column and row which include my total rebate. From that table, one can see how it either improves my return or reduces my losses. However, that table does not include my detail transaction and how these rebate actually assisted me in improving my each of my forex account.

Well, after much thought and four months of actual results. I would like to release this report for all my viewers to download and read.

To download, please visit this page here. TOTAL FOREX REBATE STRATEGY REPORT

Once you have downloaded and read the report.  Your feedback on this report is very much appreciated.

The End to Forex EA?

Filed Under (Journal) by Casey on 19-05-2010

How corny can an industry get?

I mean… is this the end to Forex EA? Maybe I have not been keeping up with my blog or some latest news, but if you haven’t notice… Well actually I have noticed that my mail box have been pretty quiet lately. No spam on ‘The Greatest Forex Robot that double your money in 3 days’ sort of thing…

Or an email which starts of like ‘ Hey ‘so and so’ I met this guy who has this great forex robot…. ‘ or ‘Dear ‘la di da’ Imagine a forex trader for 20 years….’ blah blah sort of email.

Read the rest of this entry »

Monthly Update ~ April 2010

Filed Under (Journal, Performance) by Casey on 11-05-2010

Tags: , ,

Well, it is about time I posted my monthly update for April 2010. I was waiting for my cashback return to finally have a good view of my months trading activity.

It seems that CashBackForex is paying out in the 1st week of every month instead of the last week of the month. Anyway… while on their site they did mention that the payout is not the real time reflection of ones daily trade.

Anyhow… here is my performances for April 2010

First the happy note.

I finally got out of the red on my FXOpen account… :)

While I am still struggling on my Alpari account, as long as my total is still on the upside. It’s all good. However, looking at how my March and April is in the red. I had to take some corrective action.

One of it was to start consolidating my account. This is one of the reason why I took down my live account page. I wanted to display myfxbook account to reflect the changes that I have made.

And I have made some changes. So hopefully the page will be up soon.

As for my GoMarket account. I am still struggling trying to get my equity back on the road. It’s going to be long and hard. So while I am not too happy with April, I am not too sad about it either. This is going to be one long journey. Like my Alpari account.

But hopefully… not too long a journey… :)

Even with my month of April taking a hit. My return is not all that bad because of my rebate. So that rebate kind of save my a$$.  And I am not kidding with regards to the rebate that I am getting.

I am currently drafting a report on this rebate strategy because I believe it is a strategy worth looking deeper into.

I will probably publish my report soon. Still doing some proof reading and checking my spelling… :)

So stay tuned…