Here is another interesting site by Jakob they guy who brough you Forex Hacking which is going onto my blogroll.

ForexPop.net ~ Get Your Daily Dose of Forex News

All forex blog showcase on one site…. and I’m on it… I’m number six!! Hehehe… hope I don’t get displaced. But it’s not about getting placed. I keep thinking that it is a forex directory. Hmmm…. now that’s a thought…

If you have an interesting forex blog, drop him a mail so that he can showcase on his site

As of the 26 February 2010.. . BestforexEA.com has manage to raise $764 (give and take here and there due to exchange rates)

While I am still very far away from my target… Nevertheless… $764 will go a very long way for these children in Haiti.

I was just trying to see how many loft of bread this amount of money can buy for them. In my country I can get one loaf of bread for roughly around MYR1.50.

With the exchange rate of USD0.2932 to MYR. It’s about US 0.44 cents for a loft of bread.

Which means I manage with the help of all who had helped out on this drive, to give about 1737 loaf of bread.

Thank you… thank you and many more thank you…

Well, I guess it is early but it’s never too late to start thinking of 2010…

With the baby on board, my routine has been a bit of a topsy turvy. Trying to balance everything is no joke. On top of all that, the though of my family’s future is carried upon my shoulder to strive and succeed is nevertheless a burden that I have to carry without complains.

I have been toying around with EA long enough to know and understand where I want to take this. To look forward with clear goals and objective is something that I have been thinking about these past few days.

With Christmas and New Year coming plus the NFA ruling which effected one of my EA, I have been thinking about rebuilding my forex ea portfolio and hope to improve my presentation on my site soon.

I have been targeting a few EA which proves to be interesting and will take it on when I get myself more settled.

And with that, I have set my objective for the next year 2010.

Looking ahead…

1) Achieve a modest 5% per month return on my forex ea portfolio. (60% return per annum is considered a great return)
2) Complete my secret projects… (hehe… two secret projects which I hope to reveal it in a few months)
3) Build my forex EA (something which I have wanted to do but have been dragging my butt to do this)
4) Finally, to improve my writing skills.  (My en-grish is not exactly that great)

I have been reading this blog http://www.johncow.com/why-you-need-a-privacy-policy-to-cover-your-ass-of-course/ and this particular post made me think that it is about time I work out my privacy and disclaimer policy.

I never really thought about it as necessary. I mean… I don’t even ready the privacy policy and disclaimer of all the sites that I visited… Ever…

So far, no one has sued my ar$e off for not putting these in place but let’s not make me be the first to let that happen…

So…. here are my privacy and disclaimer policy for your viewing pleasure… It will permanently be at the bottom of my site on every page.

Privacy Policy | Disclaimer

This is just a quick update… Since I was being nostalgic and taking a look at FAPTurbo again on my previous post… I thought it would be interesting to see if it’s next generation robot… FAP Evolution did any better…

Well… got this from Donna Forex’s site http://www.fapturboswiss.net/

Ok… let the comments flow…

Ready… 1 .. 2 .. 3.. GO!!!

What next??

Now that I have finally conquered martingale with cyborg… well… have not won the battle yet, still need time to see if my backtesting would reflect itself on my forward statement…

Until then… the question again… What next?

I was thinking of two things. Either continue to optimize those three currency pair or hop on to the next idea which is bugging my brains out…

Decisions… decisions… decisions…

I recently got information with regards to S26 and how they have issued a new update. I have already been restricted from the forum access and thought that my 1 month support have actually expired. So I was not able to gain access to download the new update.

So I casually wrote to the develop and ask if I will be able to get an update of S26… And this is what he replied…

What the fu(k?!

The two title articles were from me, but he got the link from another site… what ever it was, he was not too happy with my thoughts on forex barometer…

So the terms of sales was violated… I was trying to find and reread the terms of sale again but I could not get it… if anyone of you still have access to the forum, please forward or cut and paste or take a screenshot of the terms of sales… I want to know which terms of sales that I have violated..  I also wrote to him and am awaiting his reply…

Until he replies, or until I get a glimpse of the terms of sales… I will reserve my comments of upset and anger at this point in time…

I believe I have left out something very important when it comes to using Martingale strategy… One needs to have a broker that allows hedging.

The idea of some martingale EA, is that if the trend goes the other way…. it should not stop the EA from making profits the other way. Increasing your account balance and subsequently reducing your drawdown.

I believe if I am not mistaken, at times, when the Martingale is stacked against you say if you have taken (buying) the first three level (1, 2, 4) and the trend seems to be moving the other way, some EA like Sniper would take (sell) the 4th level (8). And if the trend continues you will reach your take profit and exit that round with a net profit…

The more I start to think about Martingale Strategy the more I keep thinking that it is just like scalping strategy.

Huge stop losses and small profit take.

The only differences is that for martingale system take a longer time to kill you by keeping a float in hopes that one should start making enough profit to cover the float

While scalping is very instant and takes you out if you are wrong…. Ha! I guess that is why they call it scalping huh….

Looking at how I have been making losses after losses. I choose to study deeper into this topic. While there are a lot of articles out there about ‘Why do Traders Lose?’ this is one of the best article (in my opinion) I have come across.

Why? Probably he struck a chord with her ‘FINE’ expression…

http://www.marketoracle.co.uk/Article533.html

I really like the acronym FINE which she describe in her article,

F = FU(KED UP

I = INSECURE

N = NEUROTIC

E = EMOTIONALLY UNSTABLE

Reflecting on the article, I believe I am FINE.. My account balance justified that I am ‘F’. The way I approach my automatic trading shows how ‘I’ I am…

As for N… well… the definition of neurotic is a person who suffers from neurosis which means ‘a mental or personality disturbance not attributable to any known neurological or organic dysfunction’. That is debatable and I refuse to acknowledge that I am mentally disturb.

While leads to ‘E’, while that is also debatable… I believe in this sense, my emotionally instability is due to my impulsiveness. I am inpatient, my greed and fear fluctuate so much that I toy around with the robot settings without a clear plan.

So I think I am FIE rather than FINE, which can also be an acronym for ‘You got to do something about this’.

I especially liked her closing…

This is war and you chose to enter it. So, if you do, come prepared for the battle of your life. This is the biggest battlefield on the planet. Welcome to the great game of trading!

Time to hatch a battle plan no?? I have to continue my search for my band of brothers… or create my own RAMBO EA. Say… that’s not bad for a EA name….

Maybe when I do come out with my own EA… I am going to call it RAMBO EA or Forex Rambo…

HAHA…