I am proud to say that I have achieve my second new years resolution… which was to build my own EA.

Ok… maybe not from the ground up, I kind of cheated a bit in my quest to achieve this goal. I took another EA, tweaked with it, add some rim, add some nitrous, change the engine to a V8 and add a coat of new paint. Voila!!! A beautiful masterpiece…. which I named it aQuila.

Initially I wanted to name it Megan Fox… but thought I might be sued if this beauty proved hotter than Megan Fox.

Anyway, I also added another ‘computer system’ to monitor this lean mean beautiful machine… This EA works in parallel with aQuila to ensure my account to get fu(ked.

I have been testing the main EA for about 2 months now and tweaking it here and there was not easy…

It all started with a busted account and myfxbook chart below shows my progress..

My first attempt[Note: Deleted the chart below because it is cramping myfxbook, this screenshot will be suffice for my journal record purpose]

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Demo Update

If you haven’t notice yet… My PITBULL demo is in the dumps…

Yes… that is what people would say… Martingale is dangerous. And quite rightly so… if one does not use it carefully.

There are two things I have to say there. One… and the most important point here is that I over trade. I traded 0.1 lot on a $2k account with a leverage of only 1:100. That is how I could yield a high of $3.5k  close to 50% return  over 2 months period.

Secondly, it seems that there is a bug in the codes. The EA seems to only go long rather than both ways.

I spoke to the developer and he says that something is not right because the EA should trade both ways. Looking at his myfxbook statement, he verifies it. So it’s either he forwarded the wrong EA to me which I doubt it…

Or… I might have done something to the EA. I mean… erm… (Putting myself in the corner here)

Ok… these needs to be looked at. Because I have actually put Pitbull in my lovely megan account. And it seems to exhibit the same traits.

However… in my Megan account, I am trading 0.001 (nano) lots on a 1:500 leverage and only trading 3 currency pair as per my backtesting results. While I do not think it will effect much… I still need to get to the bottom of this and restart the demo again…

Since now I have some free time, I owe Cacus a detail post about his rip-off EA.

I have to admit that I had to take a bit more time to really study this topic. It was a few months ago that I kind of stop these sort of ‘detective’ work. While it was good for my blog it was not so for my live account.

It was one or the other. Talking about scamming EA really boosted my traffic to the site. It was good and exciting to see an instant traffic surge to my site. And of course to keep up with the traffic expectation, I continue to dive into my ‘detective’ work only to find out that the my live account wasn’t as exciting as it should be.

So, I took a decision to stop or maybe cut down on these sort of work and focus on EA that makes sense to me rather than ranting about EA that is full of $hit. I must say… that was a decision I am glad that I made. Too much effort needs to be taken to do some research… and I though I would rather use these effort to improve my account balance.

Anyway… the industry seem to be able to regulate themselves with regards to rip-off EA. So why bother…

However… as a favor to Cacus who supports my site, I though the least I could do is put some effort in finding out the truth in all this.

So here is what I found….

Forex Legend offers two EA one is a scalper while the other is a trend EA.

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Phew… it’s been a long while since my last blog. Ok… not all that long about 2 weeks I have been MIA and will be MIA for two more weeks.

I am way way way behind time with my deadline. And I am talking about my day job here. So behind time that the light at the end of the tunnel… hmmm… I don’t think there is any light in the end of the tunnel for me here.

Sighh…. any huuu…. I had to take some time out because I wanted to help an acquaintance of mine. And of course inform my visitors.

It seems that the scammers are back in town…

FOREX LEGEND IS A RIP-OFF OF A FREE EA!!!

Ha!! Short and straight to the point.

Unfortunately, I am in a rush and thus could not do a real research on how it is a rip off.

But I have reason to believe the developer of the free EA himself. He was the one who contacted me and ask me to do a post.

And of course, a quick browse here and there kind of confirms this.

I probably will do another write up on this in more detail… but for now… take it from me.

It’s a rip off of Cacus’s free EA which you can download here.

http://www.forexmt4.com/Cacus/ (Raw download from the server)

I have to take my leave now and look for my light at the end of my tunnel with regards to my day job. Or else I am going to get fired!

So… just leave this EA alone and don’t part you hard earn money. Because FOREX LEGEND IS FIRED!!

Forex Martingale Showcase V – Martin Locker King

I have a dream that one day we can see profits in our account utilizing the best technology in the forex industry that is the forex expert adviser and live happily ever after…

Siggh… how I wish it was that simple. And like the struggle of Martin Luther King, IT AIN’T GONNA BE EASY, as I continue to search for the best ea and profit from it…

Coming back to showcasing this other Martingale EA…

This EA came from the same developer as FX Pitbull. As the same story goes, the developer was kind enough to issue a free copy of this EA to me. And as the same story goes again, I have tested it but never got around to post anything about it until today.

I’m going to go straight to the point…. This EA is damn expensive compared to Pitbull… $399 vs $199 and this EA only trades ONE currency pair vs Pitbull ALL currency pair.

Took a quick look at the codes and I believe that the algorithm between both MLK and Pitbull are somewhat similar… but it seems the both the characteristic of the trades differs between both these EA.

While I do not understand the logic behind this… I thought it would be interesting to do some analysis.

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