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…

It’s already the 3 August 2009. And don’t really know what is happening with this new NFA ruling…

Seems to me it’s nothing more than just silly blah blah here and there. The only thing that was on everyone’s concern was the hedging rule.

Other than that… the limit order or even stop order limit is nothing more than stupid hyped up news. $hit… made me piss my pants for nothing.

Luckily… I was cool enough to wait for the outright news from each broker to come up with their announcment before I took any drastic action.

IBFX apparently was fined $250,000 I think it was for money laundering preventive measures rather than for this new hedging and FIFO ruling…

Whatever it is… IBFX has issued a press release that they comply with FIFO while keeping in tact all MT4 expert adviser’s function.

http://www.ibfx.com/company/newsmedia/pressrelease/2009/09_13.aspx

As for FXDD, I think their application is still under review… so no worries there. All’s well it ends well… I think….

Has anyone read this book, ‘blink’ by Malcolm Gladwell? It’s a great book. I just finished it.

It has nothing to do with trading. However, it has a lot to do with snap judgement and gives a more and deeper understanding on how our mind work in terms of making snap judgement or unconsious decision.

I don’t know about you. But somehow or rather, it makes me understand why veteran traders would outlast new traders.

They say trading is an art. This art is the ability to make decisions in the market under sheer stress and pressure. With so much noise and information like charts, news, trend lines, volume indicator, fan indicator, dog indicator, cat indicator, glaring at you on the screen, how one profits from the market is how one makes a decision to go in and out of to the market without second thoughts.

Well, there are a lot of thoughts that I have and points that I can associate this book with trading, but I shall leave you with one particular thought of mine.

You can not take the art out of trading by automatic trading. However, you can put the art of trading into automatic trading.

With my thoughts still on reverse scalping, I was thinking why can’t Martingale be used to ‘hedge’ a draw up?

I mean if for example, an EA like Don Steinitz who does not have a stop loss and take small profits but keep the rest of the trades floating at a loss or drawdown…

Why not create an EA in such a way that, it takes small losses and not put an take profit level so that one can accumulate a draw up rather than a draw down?

At times, I think that is what NFA’s new regulation might sound like, if an EA were to be created in that manner …. don’t you think??

Maybe… just maybe…