One Loses And the Other Gains

Filed Under (Journal) by Casey on 17-01-2012

It is shocking to note but Plimus just kicked a lot of Forex EA product out of it’s portfolio and they seem to be restricting all forms of forex product. Now clickbank still supports forex product but not forex EA, or forex robots or forex software.

Why?

One of the suspected reason is the rate of refund is just too high. Apparently, 25% rate of refund is the maximum. Anything more than 25% refund rate means your product is $hit. And probably the rate of refund for all forex product with Plimus breached the 25% rate.

Well, they say that Plimus is actually just doing some spring cleaning and clearing out all those lousy forex business model or rather lousy forex product. Fair enough. They have every right to do so… Who wants a product that has a very high rate of refund anyway?

However, a lot of vendors are complaining that they were kick out with out much warning and time to prepare. Some affiliates were also complaining that because they are selling EA, they also got their account suspended.

Yeah… that’s not cool. Even if you want to massive spring cleaning, you do it PROPERLY and PROFESSIONALLY.

Anyway… and like a flock of birds migrating. It seems that all forex ea vendors are moving their payment platform from Plimus to RegNow.

Did a quick search… and voila!!

Most of them have started to move… I suspect there will be more soon.

As they say ‘One man’s losses is another man’s gain.’

There are two ways of looking at this. One, Plimus losses a lot of forex business. RegNow will see an increase in forex business. Two, Plimus have gotten rid of refund rates headache… and RegNow has just began.

One things for sure… Plimus’s credibility has kind of drop heavily overnight and probably they will take a long while to be a competitive Online Selling Platform Provider. Maybe for forex product only…

Don’t You Dare Spread those Legs!

Filed Under (Journal) by Casey on 17-01-2012

It’s interesting to note that myfxbook.com keeps improving their services… over and over and over again.

Much like the I can do it Chuggington Town trains… it keeps moving and moving and moving…

If you want to check brokers spread at any time, check this out http://www.myfxbook.com/forex-broker-spreads

If you are a scalper and want to check and compare brokers spread during those nice Asian legs… I mean Asian trading hours. What better place to check everything on one page.

So… all you sissy brokers out there… Don’t you dare spread your legs too wide. We are watching.

 

Hyper!! Hyper!! Hyper!!

Filed Under (EA System) by Casey on 10-01-2012

This is the first thing that came into my mind when it comes to this EA.

I was born to this Street Fighter era and like any classic comics, this was one of my love during my schooling days.

We would be running around in the school corridor going “Holuken!”  “Holuken!” “Holuken!” (with both hands extended stances)  pretending to blow the discipline teacher off his feet. Yes, in our schooling system, we actually have a teacher dedicated to disciplining us boys from turning into monkeys. How that system failed miserably…

Anyway, coming back to forex. The developer of Hyper EA contacted me last year asking me if I would feature his EA on my site. I… at that time as you all might know… was out of luck and wasn’t really motivated to do anything about it.

I mean… this guys was going to forward a copy of his EA to me. Free! Even with that incentive, I was not motivated. Geess… that was how out of luck I was.

It took me about a few months to get my act together and subsequent requested if his offer was still valid. And surprisingly he said yes. He added that my timing was just great because he only started his site up and running. I mean his new site. He previously had a site offering Hyper 2.0 and a few other EA.

And like a small buy with a new toy, I took a swing at backtesting this sucker…

Phew wah!!! Hyper on EURCAD 2007 – 2011 – 90% modeling quality

Somehow there were only history for EURCAD from 2007. However… it is this kind of graph that encourages me to take to the next step of backtesting which was of course 99% modeling quality… And so I ‘Hyper’ my way thru all the necessary backtesting…

Hyper!! Hyper!! Hyper!! Hyper!!

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2009 – 99% – 3 pip spread

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2009 – 99% – 4 pip spread

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2009 – 99% – 7 pip spread

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2010 – 99% – 3 pip spread

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2010 – 99% – 4 pip spread

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2010 – 99% – 7 pip spread

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2011 – 99% – 3 pip spread

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2011 – 99% – 4 pip spread

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2011 – 99% – 7 pip spread

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Looking at the curves, you can imagine how excited I was. Even though the curve seems to deteriorates with the widening of the spread. It was still recover nicely.

Now the reason I put it into 3 different spread setting was because the developer encouraged me to put his EA on an ECN account where spread could vary. So I had to test it to the extreme.

With the kind of backtests results above, the only next step to take is to put this on my live account… Of course the developers own live account also played a part to that decision.

Now… there are two broker which the developer says it shows sign of good result. It was either Pepperstone or FinFX. While his live account was with FinFX, I choose Pepperstone (RAZOR account) which was ECN platform. IE i pay commission on every trade I make.

This is pretty new to me actually. ECN and commission payment. Well it’s something different and probably add to my trading experiences.

On top of that, Pepperstone allows a broker to broker fund transfer from Alpari. (Well… at least I could dip into the funds from my Alpari account which is practically sitting there waiting to be pipped)

After some preparation of setting up and funding my account before the new year… I finally put it live just after the new year. While the developer mentioned that they have stopped trading from the 15 Dec 2011 till the 9 Jan 2012, I took the dive and started the EA on the 3 Jan 2012.

So here it goes… Let’s see if I can blast some pips off with this EA.

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Here is my Pepperstone account

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And below is the developers account (FinFX)


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Hyper EA cost CHF199 or you can get it free if you register a broker under their IB program. So… you get to choose. On top of that they offer PAMM account (Managed account services) I think it does say something about the developer of this EA.

Son of Odin! Bring Forth thy Thunder!

Filed Under (EA System) by Casey on 06-01-2012

And smite thou mighty hammer on thy pips…

Of course I am referring to Forex Thor

However, Forex Thor is not the Son of Odin but rather the Son of Shark EA.

I am baffled by creativeness of this EA developers. I mean, this developer has actually release Shark EA, Sigma EA, ProFX and FX Pulse. And these names are kind of original, seeing how Alexander (EA developer) has started this business a few years ago.

For him to come up with Forex Thor and selling it like a much hyped EA is well… different. Maybe he is trying to re-invest himself… or maybe marketing an EA like this makes better sales.

I don’t know… but usually with these sort of sales hype means more critical look at his EA.

And so… Son of Odin, what bring-eth of you-eth to the mortal realm-eth? To blow the forex world to kingdom come?!?!

Oh lord… How I tremble upon thy power…

It is because I tremble by thy power, I dare not venture further… as I am not worthy of your awesomeness.

And so I watch by the side to see how the power of Forex Thor performs smashing pips after pips.

It looks good no?

Well… at the point of this writing it seems that is a very huge problem with memory leak. A lot of user seems to be saying that Forex Thor is crashing their VPS.

At this point of writing, Thor Forex myfxbook stopped updating since 5th of December. That is about one month since the last update, probably that could be the reason.

This memory leak seems to be a serious problem and the developer just kind of disappear from myfxbook discussion thread after a lot of people or should I say his customers are complaining about this memory leak.

http://www.myfxbook.com/community/trading-systems/thor-forex/219954,1#?pt=2&p=12&o=219954

Initially in the discussion thread he said that, it stopped updating because he ‘accidentally’ switched it off. He ‘ACCIDENTALLY’ switched it off. Then when they started to complain about the memory leak, he said that he is not facing that problem.

But this memory leak issue has not only been discussed in myfxbook but also a lot of other forex forum. And now probably Alexander is behind the scene trying to solve this problem. Or probably busy trying to issue a refund to all the customer who are unhappy with the EA.

Now this guy… has actually made a bold guarantee statement on his sales page.

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Firstly you get your refund in 90 days should you not be happy with the product. Secondly if you are not making money with Forex Thor, he will give you 100 bucks!

Man… with this memory leak issue, I am sure everyone is not making money and will try to claim this $100 bucks!! I guess that could probably be the reason why he is so quiet. Either he is laying low trying to repair the problem or busy handing out refund + cash. The last I heard was that he was issuing a new patch.

Anyway, Forex Thor seems to be performing very well until 5 December 2011 (on demo that is), about a week after that people started noticing and complaining about this memory leak issue.

And of course… I just couldn’t help myself but comment on this…

Hahaha… Get it?? Leaki… As in Loki… Thor’s evil brother? As in Thor’s evil brother trying to bring Thor down.

Get it? Get it?

No? Seriously… no?

Ok… never mind… It was a cheap joke but I just couldn’t resist it.

Anyway… until Alexander solves Forex Thor’s problem on this ‘Leaki’ memory issue, I’ll probably wait till then to get my hands on his hammer.

Erm… probably that did not come out right. But I guess you know what I mean…

 

 

Starting 2012 On A Happy Note

Filed Under (EA System) by Casey on 05-01-2012

Happy Forex

Well, I am now in 2012. Is this the end for me? Or is this another good beginning?

I really want this to be a good beginning, and so I will start this on a Happy Note… By applying Happy Forex :)

Ok…  I am actually referring to this EA call Happy Forex.

How I found this EA was relatively interesting.

It was about a month ago, I started to think about what I wanted to do with my Alpari account. I know I have failed a lot of scalping EA on Alpari. Yes… Alpari is not exactly a fan of scalping EA, so my account was very messy.

And so… I scouted around for an EA that would prove to be good with Alpari, something that was not about scalping. And my browsing got me to this EA.

http://www.myfxbook.com/strategies/ea-happy-forex-v13/10168

I was like… wow… smooth curve. 11 12 years backtested. Martingale… Yipee!! However… after close inspection, I found out that it is not a martingale EA but a grid EA. One and the same thing. Draw down can be a bit(h!

So I dum-de-dum-dum again and see what this developer has to say with his other account results and notice that he has applied this on Alpari. So I though what the heck… let me put this to the test.

Furthermore, it was a 11 12 years backtesting result, must at least give it some consideration. It’s not easy to fine a martingale/grid EA with a 11 12 years backtesting result. I know… I have been trying these past few months…

So… la-di-da. I backtesting this EA and below are the result. I thought doing a 99% would be interesting. And it was… however because it was a grid EA, it took like almost a week to do this backtest. Gawd dang man!!

For the sake of my happiness… I proceeded. Here are the results.

2011 – 99% modeling quality

2010 – 99% modeling quality

2009 – 99% modeling quality

2008 – 99% modeling quality

99% backtesting seems to be very awesome.

You would probably have notice some of this huge camel humps. This is nothing more than the dreaded drawdowns. From the graph above, the drawdown was as such 95.37% (2008), 42.71% (2009) 10.24% (2010) and 2.97% (2011). By the looks of it, it seems that the drawdown seems to decrease in the coming years. Does that mean in 2012 the drawdown could be less than 1%?!

Ok… that is wishful thinking but hey… it’s 99% backtesting model. It should be good no? Or rather the methodology of Happy Forex seems to be sound.

I know… I know… they say this will blow up my account. But hey… with such backtesting result I must do justice to this EA.

For the sake of my happiness (or sadness) I have to take a dive. So… here goes my leap of faith (on the backtesting result that is).

This is my account with myfxbook which I just started to put on live yesterday. Let’s see how this performs

This is the owner’s account with myfxbook

By the way, the owner’s site is from Slovakia as his domain suggest http://HappyForex.sk

And it’s logo is relatively creative don’t you think?