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!!

————————————————————–
2009 – 99% – 3 pip spread

————————————————————–
2009 – 99% – 4 pip spread

————————————————————–
2009 – 99% – 7 pip spread

————————————————————–
2010 – 99% – 3 pip spread

————————————————————–
2010 – 99% – 4 pip spread

————————————————————–
2010 – 99% – 7 pip spread

————————————————————–
2011 – 99% – 3 pip spread

————————————————————–
2011 – 99% – 4 pip spread

————————————————————–
2011 – 99% – 7 pip spread

————————————————————–

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.

———————————————————————————–
Here is my Pepperstone account

———————————————————————————–
And below is the developers account (FinFX)

———————————————————————————–

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.

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.

————————————————

————————————————

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…

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?

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 »

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…

Read the rest of this entry »

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.

Read the rest of this entry »

I have never really talk about this in particular EA in great length but I did mention this EA here and there on my blog.

CloveriX EA…

I think the developer of this EA is Irish…

Previously when he release this EA… Oh… this EA have been around for a while it’s just that the developer choose to discontinue the sales of this EA during the hype of EA industry….

As I was saying… when he release his EA… His site was decorated in a very greenish sort of theme and the base of it all was a four leave clover. And when I think of four leave clovers I think of Ireland, I think of Guinness, I think of Murphy’s law, I think of Leprechaun, I think of Rainbow….

Anyway… CloveriX is not your kind of sexy EA where everybody talks about it and want a piece of the action. No… this EA is no $lut in the EA world. And certainly not the sort of EA where one can find a huge pot of gold…

Many people knows of it… but somehow or rather they ever talk a lot about it. Go to any forum site and CloveriX thread is just a few pages long. No deep discussion about what this EA is all about. Most people think it’s a myth or scam or nothing more than a two cent EA.

On top of that, the developer seems to keep a low profile so much like a Leprechaun. People heard of it and just dismiss it as a myth. As quickly as it was launched it was quickly taken down.

I think the developer did a good move. Take it down when the hype was at it’s peak and recently putting it back for sale again when the market is pretty matured and settled.

While this is not a huge pot of gold… I believe it is a pot of gold where this could be an EA which you might want to think about having as part of your EA portfolio.

Results speaks louder than any words written on the internet…. Read the rest of this entry »

I don’t know if it’s a coincidences… probably it is…

About a year ago I posted this article Prime vs Kain http://BestForexEA.com/2010/02/prime-vs-kain/ Of course at that time, it was still ‘too early to say’

Yesterday I just exhibited my Primeval and EAKain (ScalperPro) for the world to see… Ok only 3 months worth of data for the world to see. Could have shown more but I think it was three months ago that I started messing about with my accounts.

So what you see is an apple to apple comparison from the day I switch my account to EUR from USD and put these two ‘heavy weights’ in action

Just to recap again… Read the rest of this entry »

A quick post…

Now as time goes by, this forex ea industry begins to regulate themselves. By all their power combine… they Captain Scam Buster comes to save the day.

They don’t need people like me to write about it… These Scam Busters combine their resources to share all the information they can. Obviously leading to a sided conclusion.

Now… it is not for me to say that this new product in the EA world is an out right scam… I will leave it to the readers to form their own conclusion and verify the points made by the contributor to this post here.

http://www.myfxbook.com/community/trading-systems/leo-trader-pro/

Broker: FXOpen
Deposit: $200,000
EA: Forex Crescendo
Price: $149.00

Suppose to emulate my micro account. Thus this demo $200,000 should represent $2,000 if I were to put it live.

Read the rest of this entry »