Glaring Rebate

Filed Under (Journal) by Casey on 30-11-2011

I did not previously mentioned this in my last article, but the one of the foot that was planted in the forex water was also my rebate strategy escapade.

This idea was conceived like a few months back when I was fu(ked left and right by forex and I had to calm myself down to regain my bruised ego.

With a bruised ego and lost in direction, the only thing that I could muster and maintained was my martingale escapade and my rebate escapade.

Both which over the months has slowly risen and have slowly given me back the confidences to explore further what I have.

Previously in my Rebate Report, (which I have since taken down because it was last written a year ago and I needed to update it). I wrote that it should be a secondary strategy only when we applied a certain strategy to it.

While the idea seems sound, it was the application of the strategy that should be fine tuned. Initially it was ‘blast the account with every scalping EA like a machine gun’ and then see the turn over on your account feed your forex rebate account. This is of course with the assumption that the scalping EA works well… And I did that with FXOpen. Which has initially shown me relatively good result but I was unable to consolidate it to find out if it does actually work in the long run.

Read the rest of this entry »

One Foot in the Water

Filed Under (Journal) by Casey on 22-11-2011

Wow… I did not realize that it has been a long time since I last made an entry to this blog…

Last post was in July… and now it is the end of November.

Didn’t realize that it took so long to heal my ego in my forex journey.

In denial? In pain? I don’t really know but the last crash did seem to takeĀ  a longer healing process. I seem to be numb with the things that has been happening in the forex world.

Even trying my hands on manual trading took a back seat. Reading all the forex books again and again also did not give me any inspiration. All the motivational books, phrase, sentences, words did not really put me on track to coming back into forex. I just feel so jaded.

But the yearning for success in forex still burns in me, while it does not burn like a fire, it however burns like a charcoal in a barbeque stove. Waiting for the steak to be grilled and cooked.

However… I manage to something which I wanted to do like a gazillion years ago. I manage to do 99% backtesting on a few EA. I also manage to do some work to further improve my Lovely Megan EA, which is the only EA that I am running right now.

Without speaking too soon… I think that is my best EA so far.

I maybe out of touch… but I think forex EA seems to be dying… Most of the old EAs seems to be either have died or selling at drop down price.

Having said that, I seem to be receiving one promotional forex ea every now and then. So probably it’s not totally dead… but I guess the trend seems to be moving towards manual forex trading… Mentoring… or even signal providing.

But as I say… I maybe out of touch…

With one foot in forex… I don’t think it is right for me to write off forex EA.

After a few years trading forex EA… I can only say that there is still more to trading forex EA then just setting it on your account and hoping to make you money without any work.

Now… I have to slowly crawl my a$$ back into forex.