EAKain Scalper Pro

Filed Under (EA System) by Casey on 25-08-2012

Coming back to EAKain, after some episode with EAKain on my blog some 2 year plus ago…

I thought I revisited some of the sites to see what was happening to EAKain. I mean, it was an interesting EA but due to some bad publicity which I have to admit causing some of it. Call me an old fool, but times changed and circumstances changed.

Previously, I have actually done some test between Primeval and EAKain. And just recently, I again tested both these EA out. Why I revisited these old EA? Well… probably because I did not really tried it properly on an ECN account. I mean they say that scalping EA works best on ECN account.

Having said that, I am not sure if Pepperstone Razor is a ‘full’ ECN account because in the past, to open a ECN account you need big capital. And of course at that time, poor little old me does not really have that much money to toy around with. Pepperstone Razor had a very low entry requirement of just $200.

I guess as time goes as more and more broker starts to pop up into the market to attract retail forex traders, and these brokers try to out do themselves by offering different account type while lowering certain requirement. Spread become tighter, 4 digits become 5 digits tick, micro account and even now nano account seems to exist.

While I believe I have digressed here, the point I wanted to put forward was that, I did not have the avenue to really see if those two EA work on an ECN account. But now it seems logical for me to test it out now with the lower requirement of Pepperstone Razor account.

Anywayzz… back to the story I wanted to tell. As I was doing a search for EAKain. I found that the site no longer exist. It is now a parked domain and even forexpeacearmy has said that BestEAForex.com has ended testing and the sales of the EA.

I did some searching and I discover something interesting… Apparently there is someone selling it and there were two new versions. 1.05 and 1.06. (I am using version 1.04)

After checking with REGNOW apparently this company FXBanking Inc (www.olykit.com) is actually selling EAKain at US397. It also seems like that guy has a wide portfolio of products.

Take a closer look and you might see that some of these EA are actually old products that were actively sold or marketing like there was no tomorrow.

If you dig a bit further, you will see that this guy is taking old product and selling it for it’s own. (One of his product portfolio was CloveriX)

Then again… It could be the same guy who produce all these interesting EA. With the internet you never know…but highly unlikely.

I guess since the owner never complain to RegNow for infringement of copyright. I guess he is free to do with whatever he wants.

Anyway, if anyone is interested in EAKain Scalper Pro, just do a simple search and you can still easily find this EA available free for download.

Here is another interesting part. His website is much more popular than mine. This Alexa ranking is like 620k while mine is 1,200k.

Which goes to show that his site has a lot of traffic and probably does make some interesting sales.

But……… I guess his target market are suckers…

 

Hyperly Kain

Filed Under (EA System, Journal) by Casey on 23-08-2012

Don’t know if I will jinks this account… but these sort of milestone which I thought would be nice to share.

Early this year, I tested out Hyper EA (http://bestforexea.com/2012/01/hyper-hyper-hyper/). Now this EA is pretty slow and it only takes like 3 trades a month or so. Furthermore, this EA was provided free to me and it was only confine to only one currency pair which was EURCAD. (Note: The price has changed from CHF199 to USD99)

Anyway, below is the snap shot of my account:

Apart from the initial hiccup, which was due to the time correction change, Hyper EA seems to be doing relatively well. Since that day of that writing/post. this EA developer has really grew a wide range of services apart from selling his EA. Now there is Hyper EA Pro (USD149) which trades up to 7 currency pair. Plus he has all these services like managed account, trading signal all that… Pretty enterprising…

Anyway, because it was like moving like a snail, I thought it would a good idea to test out some other scalping EA. However, going by the principle then that I was going to think big and trading small, I tested Primeval and EAKain on only EURUSD sometime around March 2012.

Primeval EA

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EAKain

As you can see, that created a ding dong on my account. But the clear winner from that race was EAKain. Before I continue further, EAKain was base on MegaDroid EA which apparently is still in the market was build base on EURUSD. (By the way this EA is now selling for USD67). So there is no wonder that EAKain was doing better than the other two EA.

With that in mind, I started to put EAKain full time. On top of that, I continue to start small and put it on EURGBP and USDJPY.  However, recently I did some research and found out that not only EAKain work better on USDCAD, USDCHF and USDJPY.

At this point in time, I am still contemplating on whether I should add this two currency pair of USDCAD, USDCHF.

This goes against the principle that I have set for myself. To trade small and to only focus on a maximum of 4 currency pair. History seems to repeat itself for my account that when I start to be a bit more ambitious with account… it starts to take a dip.

Hmm… maybe I should half my trade size to accommodate these two new currency pair… Same risk, but profit might be reduced. Maybe one step at a time or rather one currency pair at a time. I should maybe put USDCAD for about a month or so and see how well it works.

I might regret doing this, but probably I might regret it more NOT doing this…

Anyway… if you are interested to continue to track this account… just click on the graph.

2% monthly is not bad I guess… Think Big… Trade Small… 😀

Forex Money Alert

Filed Under (EA System, Journal) by Casey on 15-08-2012

Ok… took me quite a while. But finally found the time to write about this site.

ForexMoneyAlerts.com

This breed of sites seems to be an alternative to selling EA. The way it works is that you open a broker under their affiliated link and either the EA developer provides you with the EA, or the EA developer will forward to you an EA that copies it’s trade.

Well, you can rest assured that not many people will be testing this sucker out or do a major review on their site. One things for sure… there are no affiliate system provided by the site owner, so not a very good incentive to ask people to promote the site.

Anyway, this is not the first site that came up with this model. Euronis I believe was the first… They started with selling the EA, then after that the moved to this type of model, which seems to be more preferred. HyperEA seems to also adopt this model, but they also adopt the selling EA and also PAMM model.

Coming back to FMA.. Now out of so many broker, this site choose to affiliate themselves with YouTradeFX. Did not really like the broker after my previous encounter. But I am already involve so… no point crying over spilled milk. Most probably YouTradeFX offer a better commission then the rest of the other brokers.

The result seems to be impressive, however I can not find his result on myFXbook. All those nice pictures were only for show. Not too sure if it is fabricated or not.  However, I manage to see his result on MT4i.com (http://www.mt4i.com/users/fma-2/stats). That to me was a bit weird.

I can’t remember how I manage to stumble upon his site. But when I was browsing through his site, (not sure why) I thought his EA was a scalping EA.

But reading through ForexPeaceArmy.com (http://www.forexpeacearmy.com/public/review/www.forexmoneyalerts.com) Some of the comments mentioned that it was a Martingale. (Ahh… sweet sound to my ears). I did say I did not wanted to doodle myself with Martingale anymore with exception to two EA that I am currently toying with.

So I requested some clarification from the owner. And the owner replied that it is a ‘cascade correlation algorithm’.

Phweeettt!! Fancy name if you asked me. But the word cascade in my mind is grid and this is base on the few trades that it has taken which of course fu(ked me up because of the lot thingy…

As of this writing, after I have solve the position size problem. I am still stuck with two trades and it seems that that trade has been going nowhere so far.

So, if anyone of you are interested to test this out. Here is some of things you have to be aware off.

  1. Ensure you open a mini account and don’t try any fancy stuff like me trying to opening an ECN account with a very young broker such as YouTradeFX.
  2. Ensure that when you get your EA, in the property window,  set your MAX lot amount to 0.1 and if it trade more than 0.1 lot. Close the trade and complain to the owner than complain to ForexPeaceArmy.com

Only way to ensure that your account is protected while testing…

On a separate note, I think I am going to take the advice and complain to ForexPeaceArmy about YouTradeFX first and see if I can recoup my lost trade due to wrong information provided on their site…Then probably FSA…

DiCo Watching

Filed Under (EA System) by Casey on 07-05-2012

This is not sexy, neither is it exotic. It is however different. Ok… probably different to me at least. I may not have covered all the EA’s in the world but at least I know of some of the main strategies which most EA developers have taken.

A few weeks ago, an EA developer approached me via email, and he approach in a very flattering sort of way. The email started off like this…

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Oh… Stop it you…

I don’t have a fan… I just your regular dude… trying to make some money from forex and blogging…

Well… however flattering it was, I was kind of floating for a while before I continue with his email.

After the flattery, this EA developer asked me if I was interested to showcase his EA.

I was like…

Yes, yes I will… I will showcase your EA…

They say flattery can get you everywhere. In this case, he got me at ‘long time fan’

Furthermore, how can I say no when he offered me a free copy…

Ok… back to business…

This EA is call DiCo WatchDog and the strategy is uses is MACD Divergence or Convergence. Now this is what I call different.

I learn the application of price divergence and convergence in stocks and futures market but this is the first time I am hearing it applied in forex EA.

MACD is basically an indicator that shows the changes in the strength, direction, momentum, and duration of a trend in a stock’s price. (http://en.wikipedia.org/wiki/MACD)

Yes, like wikipedia says on stock prices. While I do know that some traders do use MACD on their trading chart, I rarely see it on forex EA. Ok… maybe most of the commercial forex EA that I have come across do not actually uses MACD as part of their strategy.

One of the reason why, it’s that MACD works well with less market noises. And the smaller the time frame the larger the market noise. Most commercial EA works on a 15mins time frame.

So, the effectiveness of MACD as a signal confirmation or indication on a 15M time frame is not exactly ideal.

For MACD to work, one would probably need a larger time frame to catch the high high and the low low over a long period to see if there is a divergences or not. I guess that is one of the reason why the developer chooses a 1H time frame for this EA.

When you use an EA like this, you know that it is a trending EA which does not make it sexy.

From the developers myfxbook account, you can see that it does not trade every day and the performances seems to be see sawing from one month to the other.

(Developer’s account)

However, if you look at it’s risk to reward trade. It seems to hold a very sound traders strategy. TP is 230 pips while the SL is 140 pips.

Why do I said so? Because this is one of the few EA that trade base on most traders mantra. Trade with the trend and of course trade only if you reward to risk ratio is 2:1. And it seems like that can be seen on this account.

Now one of the thing that puts me on a skeptical side is the backtesting of this EA. (Due to some development I could not produce the 99% backtesting result, will write about that in a later time)

Anyway, I did a backtest on a 90% model and found the result to be a bit mixed.

It seems like the result started to be better after 2009 and that is the backtesting result verified in myfxbook. It only starts from 2009.

While the backtesting result does not look that impressive, I however still think that I need to give it a try. And to test if it does work on this simple strategy, I put it live and put the MACD indicator on it and see where it too the trade.

Interestingly enough, it does what it say it does.

Here it shows a bullish convergences, a trader would probably take that long entry and put the stop loss just at the low of the lowest bar. But because this is a robot, it takes a fixed SL at 140pips which seems to be the case here.

But as of this writing, after the NFP report, EURUSD took a tumble. So… I can only guess that it might hit of the SL when the market open next week. (Update: I was correct, EURUSD gaped down this morning which sucks especially it is on the first trade)

Oh well… let’s just see how it goes. Below is my live account with Alpari on this interesting EA that probably follows most of the trading strategy’s mantra.

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Now for a non-sexy, non-exotic EA like this, the price of this EA is what I believe to be reasonable.

Only $99 a year license for an unlimited account. Strategically speaking it is relatively simple but I think it can still be improved if there is another indicator to confirm the strength of this divergences or convergences formation.

Anyway, here is the link to their website: http://www.golden-boomerang-lab.com/ it’s a direct link.

If you are interested in this EA and want to support me, here is the buy now check out link (affiliate link).

 

 

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?

Forex Growth Bot

Filed Under (EA System) by Casey on 22-07-2011

Hey… What’s up people…

It’s been a while no? Yeah… standing up again after a fall is no easy task. The healing period took a little longer than expected. Actually I was more distracted… Or maybe I purposely got myself distracted… Anyway… today is not about me. It’s about well… you guessed it. Forex Growth Bot.

This Forex EA has been around for a while and it seems to be doing very well.

Looking at my lesson Forex EA 101 – I manage to strip and reset all my EA on my account except for Lovely Megan. Lovely as ever and Transformer 3 sucks without Lovely Megan.

Anyway, following lesson 2, looking at what Brit had to say… Forex Growth Bot seems to be a trending EA and have so far looked very good.

It was because of that I took into lesson 3 and started doing more research on this EA and very little have been written about it. Even if it has, I seem to find more good things than bad.

No I did not demo this sucker… I straight away put it on live. There were already a lot of ‘evidences’ to show that the strategy seems sound.

It does (1) take small losses and (2) let the profit run which I believe it is one of the fundamental rules of trading. On top of that Brit’s own, live account looks terrific.

I myself have already put this sucker live for about a month plus…

Read the rest of this entry »

I Resolve Never Again…

Filed Under (EA System, Journal) by Casey on 10-03-2011

To get myself sucked into a forex product if it is being sold ala internet marketing style.

If you were an internet marketeer… this is the site you want to take as an example to flog your product to suckers like me. Every internet marketing style and strategy are exemplified here. Front end, back end, upsell, downsell, rightsell left sell… email, gmail, xmail… you name it… you can find it here…

And the site that I am talking about it ProTradeCopyCat.com. (Trading flaw my a$$) Now I know for one thing that signal copier would be the next thing in forex ea but after what I have seen yesterday… I still think it will be the next thing but not in this manner…

Let me describe to you my experiences…

When the page was launched… it was damn bloody long… as long the as video presentation. Blah blah blah… all of marketing 101, 102, 103 was being displayed. Long winded and very much annoying with all the different fonts and colors.

I know what was it all about… So I just head on the the bottom download link to see what I am getting myself into. There you have it…

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Oh My Gawd! I nearly Died!

Filed Under (EA System) by Casey on 08-03-2011

There is this new forex product coming out that seems to be kicking up a storm. Ok may not kicking up a storm… but I am getting a number of emails with regards to this product…

Pro Trade Copycat Forex by David Henderson.

Now who the hell is David Henderson? $hit if I know… I tried searching on the net but can’t really find or see who he is or was… Apparently David Henderson is a very common name in Britain.

Anyway… it seems that copy trading is the next thing or angle in forex ea. Since now Forex EA seems to be protected via a remote hosts, some forex ea developer seems to think that probably coping trade would make more sense… Not only is their algorithm protected… They can start charging a monthly subscription fee.

So… forex trade being remotely sent to you. Great isn’t it? But… what if the trade signal is shit?!

Ok… Today is not the post about forex signal… It’s a post about this new product.

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