Forex Martingale Showcase II – King Martin Scalper

Now here is an idea which I believe never occurred to anyone. Ok… maybe it has but I don’t think it was never really realized until I stumble upon it.

It’s call the King Scalper but I renamed it King Martin Scalper. For the reason that this particular ‘scalper’ application is very very different from your normal EA. It not only scalp like 15 pips per trade, but it utilizes martingale.

This strategy is so simple that I just went like ‘Wow!!’

This is how this EA works. It ‘bet’ on one currency pair and if it losses it double up the lot. Plan and simple martingale. It’s a ‘scalper’ because it only takes 15 pips. However, this is not your ordinary scalper because the stop loss is also 15 pips. The idea is that… see if I win the first trade.

So if on the first ‘bet’, the trade losses. It takes on another ‘bet’ doubling the size. etc etc. When it hits it’s profit target. It starts all over again. And at every successful Martingale round, I win 15 pips.

Is this forex casino or what… (I am going to trademark this name)

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Forex Martingale Showcase I – Lucky Candle

Since my demo page is up and running… I thought I will start with showcasing the first martingale EA that I am fooling around with.

Lucky Candle… How lucky can I get when I saw his statement…

(This is a screenshot for my record. Just in case the owner wants to delete it. Click on the image to take you to his myfxbook statements)

Would it be a surprise if I told you I have this EA?

But… I did not mess around with it because at that time scalping EA was still hot and Martingale EA… Well… it was not as hot for obvious reasons. But recently… the ‘market force’ seems to geared towards this hot mama only because everyone is fed up of scalping EA. It’s not because of the straight linear graph which everyone seems to say it’s too good to be true or the account is going to blow one of these days.

Scalping and Martingale is no different… same concept of small profits over time but large losses when it really hits it.

Anyway… Market seems to be moving that direction and of course Lovely Megan is so close to my heart. So what the hell… let’s talk Martin.

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Hallelujah!!! The Lord has answered my prayer!!

I asked the all Mighty if and whether my Lovely Megan can be improved and my prayers came with a Blessing.

Check this out…
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(Click on graph for detail statement)
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Allow me now to proceed with Part 2 of my secret project. We start off by a look at my account.

Stunning huh…

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Before I close my first quarter for 2010, I thought I should pen this down. I have been putting this off for quite sometime. It all started a long time ago that I did an experiment which I had name it EURO Blitzkrieg.

http://bestforexea.com/2009/06/euro-blitzkrieg/
http://bestforexea.com/2009/06/operation-blitzkrieg-ready-to-go/

It was something like my Silly Scalping where I pit all the EA that traded EURCHF on one platform or one account. With Euro Blitzkrieg, I pitted all the EA that traded EURUSD.

From my previous invasion of EURUSD, it was a failed attempted.

And it took me about a few months to re conceptualize this idea. And so in the beginning of this year. I restarted my second wave to push through my battle with EURUSD.

I had attempted initially with PipMiner and ForexBrokerBuster but FBB was neither going here nor there and on top of that FBB was said to be a clone or rather a copy EA of another free EA. (Don’t really want to go in detail with regards to this anymore). I stopped FBB not because it had a drawdown, but it seems to not perform as expected.

The invasion began with a very strong results. But drawdowns from FBB made me stop it last month. And pitted ScalperPro and Primeval on my list.

Unfortunately, the next buster was PipMiner, the drawdown was heavier than FBB. It reminded me of EuroBlaster, where it takes 4 position and scalping profits but large stop loss. Same concept but different name.

And so… with that I only have two small minions trying to push EURUSD through…

Sighh….. Maybe I should give FBB another shot.

The sharp drawdown is mainly due to PipMiner… And nothing else. If experiences have proved to me what needs to be done, is to take out the EA that is just too risky. I believe PipMiner is one of them.

And so… goes my failed invasion….

This is the most frustrating EA I have found so far… Good profit wise… but frustratingly slow….

I set this EA out to work since the end of last year…  but it’s moving terribly slow. I really really really wanted to increase the lot size… I am afraid to do so. This EA has not been trading long enough to know what sort of drawdown I would be expecting.

However… as you can see, the graph is pointing to the heavens. This is not your usual scalping EA that whack the currency pair on a 15m timeframe. This is a ‘knight’ that whacks the currency pair on an hourly timeframe. And it only trades in the direction of a trend.

Let me start the story of this EA…

I got this EA like from Bernard, the guy who developed Excalibur. He was also one of the few people I still continue to keep in touch since since the days I started this blog…

I previously was not interested in his Excalibur EA. That was because it was by good coincidence when I was looking at it… His Excalibur EA was like plunging back into the lake of no return.  It has not been doing that well and have not found a statement which shows interesting results. And on top of that, it was really expensive at that time.

It was at end of last year when I was browsing around with myFXBook. That I stumble upon his interesting graph. After reading some thread on myfxbook, I found out that chart was from Bernard. So I bump him an email and said that I was interested with Lancelot…

He was kind enough to give me a good discount on it. So I happily took his offer and bang it onto my live account. I was informed that the demo version was on Alpari. So why should I redo a demo test when the test was already done.

On myfxbook thread which talks about his system, he has his share of fans and he also has his share of foes. Read some of thread in myfxbook and one can gauge a few reactions… For me… well… innocent until proven guilty.

Check out his portfolio here on myfxbook (http://www.myfxbook.com/members/Pheniox) and you can see that not all of his EA are doing that well.  His Lancelot is the only one besides his KA System which he has not release it yet.

While my current position with Alpari is still holding well *fingers crossed* I really hope that it will not end up like his Live FXCM account… I really do not want to see the tip of Lancelot’s blade.

Well… as always…. only time will tell me how well Lancelot will start kicking some metal butt.

One thing about the approach by Bernard is that, he seems to test out the EA first before releasing his EA. He constantly test and test and test.

When I first bought his EA, he had only optimized Lancelot for two currency pair EURUSD and USDCHF. But a few weeks ago… he had release the settings for the rest of the currency pair it was at that time that I started seeing some activity on my account.

I guess as an automatic trader who knows not much about programming my own EA. I can appreciate his effort in testing it out first before releasing it.

Sung by the song by Britney Spears “Baby One More Time”

[dam dam-dam dup]
Oh b-ling, b-ling,
[dam dam-dam dup]
Oh b-ling, b-ling,

[dam dam-dam dup]
Oh b-ling, b-ling,
How was I supposed to know
That everything is all right here
Oh b-ling, b-ling,
I should have wrote this long ago
And now it seem like the right, time
Show me, what can my account be
Tell me b-ling
‘Cause I need to know now
What I’ve got

[CHORUS:]
All my drawdowns are killing me (And I…)
I must confess, that this is $hit (this is $hit…. )
When I’m see small LOSSES I lose my mind
Give me a sign
Bling Me Baby One More Time!

Oh b-ling, b-ling,
The reason I fol-lowed you
Boy be-cause I bought you
Oh b-ling, b-ling,
There’s nothing that I wouldn’t do
Because you cost me money
Show me, how my PROFITS can be
Tell me b-ling
‘Cause I need to know now what to do

[Repeat CHORUS]
All my PROFITS are very small (And I…)
I must confess, that this can’t be (this can’t be…)
I paid $99 bucks every 3 months
Give me a sign
How to Bling this Back to Life!

[Dush!!]
Oh Forex, b-ling,
[dam dam-dam dup]
Oh b-ling, b-ling, (Ah, yeah, yeah…)

[dam dam-dam dup]
Oh b-ling, b-ling,
What am I suppose to do

Oh Forex B-ling
I should have stop you so
I must confess, that my Profit sense
Is keeping me live….
That is why I still believe
That this will revive
By giving you time
Bling me baby one more time

[Repeat CHORUS]
All this lack-lusters are telling me (And so…)
So that is why, I feel the need (Feel the need…)
To take out Evolution and Freedom
Give me a sign
Will this Bling Me Back to Life!

I must confess that all that is left
Is EURO… G.. B.. P
Don’t you know I still believe
My Bolt and My Storm
Are the only ones left
Bling me baby one more time

Long before I gotten the email from EAKAIN, I actually got an email from the developer of Primeval himself… Now… it took me quite some time to get this going… I started off by asking him if he would put his states on myfxbook… And he did…

(Had to include a snapshot rather than a direct link because if this system is deleted so is this graph. If you don’t see any graph below means that it has been deleted. Therefore, just click on the image above to see if the owner has any other new publish graph to show)

And as you can see… pretty amazing huh… I was relatively impress with it… I guess one of the reason why some people think that EAKAIN is Primeval… because not only is it a scalper that is shown here but also the currency pair that is trade is very same with an exception of GBPUSD which Primeval supports

Now Sergio was kind enough to forward to me a copy after I begged him… It was right about the same time when I was digging up dirt on EAKAIN… So at the same time, I also did my digging of Primeval and how to do this? Well… by begging of course…

Sorry Sergio… but I had to decompile to have a look at the codes. There were a lot of talks that Primeval is the same as EAKain which is the same as MegaDroid and knowing me I just had to know…

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How I wish I have 30 hours 9 days rather than 24 hours 7 days…. Sighhh………

Ok… time for me to close this chapter and move on… So many things to do so little time.

In summary, EAKain says that their demo version is not the same as their original version. Which was clearly a very misleading tactic to potential clients by EAKain. Then again these Mario Brothers have been doing all this $hit all along since a while back and they kind of admit to it…

They state that they have followed some blah blah strategy that Megadroid has employed… Thus, their demo version and original ‘sales’ version is different in a coding but some similarity in the idea…

Huh?!?!? What the hell does it mean….

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Huh… my muse ran dry today and I could not come up with a good script for part 2 of my guacamoly EA. Have to get straight to the point on this one…

I was just so amazed at what I found that I just could not think of a script to write…

Anyway… first time was fun… second time was kind of hard work so not fun anymore. But… you guys don’t want to read about all this blah blah by Batman and Robin…

You guys/gals want to know what EA I am going to expose right here… right now. Correct?!

Ok… even if I am wrong… I am going to start with Robin’s gay story which never kicked off from the previous ‘episode’

About two weeks ago, I got this email from a site, very similar to mine. When I say similar I don’t mean in terms of contents but in terms of domain name.

My Domain name is BestForexEA.com where else, his/her domain name is BestEAForex.com (should I give him/her a link here?)

Well, this guy/gal… I would probably guess that it is a guy coz 99% of the time only guys will think of something like that… (If I am wrong, I guess you can sue me for gender discrimination… )

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