Well, two weeks ago, I stumble upon this statement on the forum. http://save2009.mt4live.com/ I was pretty impress by how he manage to turn his misfortune firstly via Enterra and then midway… changed it to DragonPips…

This guy confirmed that he was using his FXOpen account. So what else… like a monkey, I followed… And yes… I used it live. How can’t I not put this live? My FXOpen is a micro account. All I am earning are cents, surely the time spent on demo testing it on this broker would not justify the cents I could or could not be earning….

Ok… ok… for the sake of this blog. of my live account..  The least I could do is to backtest it. So now I shall produce my backtesting results…

(Click the Image to view statement)

EURUSD

GBPUSD

EURGBP

EURCHF

Interesting huh?? Like Bruce Lee… I whack first and ask questions later. Unfortunately like a monkey… my account hurt a little…

Anyway, the initial DragonPips only traded EURUSD and GBPUSD… but looking at they guys statement it was also trading EURGBP and EURCHF…. So what the hell…. Both these pair also went into my live account.

Now rumor has it has it that DragonPips is a makeover of Thunder and Lucky… Don’t know how or what… but that is what the forum are saying… Thunder and Lucky only trades EURGBP, and probably EURCHF if one were to explore further.

When DragonPips came out, it traded EURUSD and GBPUSD, probably it has optimized from Thunder and Lucky for those currency pair. I don’t know… I am just echoing what the forums are saying.

Well… if you look at the backtesting results apparently EURGBP and EURCHF takes more trades than GBPUSD and EURUSD. You can also verify this on the live statement of star2009 above.

Anyhoo…. the results from where not only from the live statement by star2009 but also the backtesting results from since 2009 has gravitated me to snub my nose, and go ‘Wooooooaaaaa……’ and try to float like a butterfly and sting like a bee…

But my Bruce Lee’s flying kick only started on the 15 June and only solely trading this EA after the 22 June. So half of the losses are not mine. Again… as I manually calculate the damage done, DragonPip took about ??? so it was obvious, I did not set my settings up right.

Apparently DragonPips came out with a newer version… I got hold of the newer version and renamed it DragonPipV2. This time I backtested it using the settings that I will be planning to use on my LIVE account.

And here is the outcome of my backtesting result…

EURUSD

GBPUSD

EURGBP

EURCHF

Now here I want to point out something very interesting…. I set the Max order to 1 and the time setting to only trade 2 hours from 0:00 to 2:00 (Kinda applied what I learn from Barometer about optimization… ) and the profit factor kind of improved for GBPUSD and EURGBP, EURCHF marginally decrease. However, EURUSD was the worst, I had to retest it on different settings but no matter how I backtested it EURUSD continue to sucked big time with the MaxLot set at 1.

Version 1: Profit factor in this order EURUSD, GBPUSD, EURGBP, EURCHF as per backtesting result above
(1.71, 2.00, 4.89, 2.19)

Version 2: Profit factor in this order EURUSD, GBPUSD, EURGBP, EURCHF as per backtesting result above
(0.90, 2.08, 5.56,2.10)

So there you have it… I had to be a monkey to realize this error. Good thing I should say…. So now… the monkey can try to be Bruce Lee again and see how this Dragon kick butt on my LIVE account cum July….

I am only going to use DragonPip on only GBPUSD, EURGBP and EURCHF….

Woooooaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!

I must say… Forex Barometer has been an interesting journey so far. I have encounter quite a number of EA but nothing so far has come close to this EA. It is by far my most stressful and complicated EA. Ok… maybe complicated is not the right word… but stressful yes.

It was not only Barometer, but also of course my other EA which I have to constantly be on top of it. So stress out was I, that I took the Friday and weekend off not thinking about Forex at all. Just chilling out with my family and do some house work and gardening…

(How I wish this is what I am doing everyday like in this picture… but I am still kinda far away from this dream… oh such a wonderful dream)

Well… at least now I manage to get Forex Barometer under control now on my FXDD account. So far it has been performing well. But I still need to get more support from the developer because the EA is trading at 0.1 lot on my $200 account which in my opinion is too risky. If I want to make this EA last longer on my account to ensure consistency. I have got to get this under control.

Oh… by the way, if you are not aware. FXDD has already change their standard lot for a mini account from 0.1 to 0.01. I manage to get FXDD to change it last week. One of the reason why I set Forex Barometer on my FXDD account. Small account therefore small lot size.

Anyway, there are two EA running on this account. One is the latest by FB, System 26 or S26 for short, while the other is a pretty old EA called Neural Network Master or NNMaster for short.

Both of these EA was quite a job to learn, understand and install but once you get your hand of it, like everything difficult initially, it becomes much more easier. Just sitting back and relax and of course monitoring it.

For S26, once you set it up properly and the Optimization files are loaded and executed properly. It’s an easy drive from then on. I am now sitting back and relaxing and of course monitoring the trades.

Last week there was a CHF spike… pretty shitty if you asked me. It took out two of my stops. That was when I was still sorting out the auto optimizing issue, which caused my MT4 platform to crash. I had to manually optimize it AND it was pretty stressful. Trying to get the right settings in before I shit on my pants again should another spike like this happens…

But because of my problem with the 0.1 lot settings… just today… S26 which traded at 0.1 lot manage to cover my last weeks losses. Now that is not my gambling side to do that. It’s the program and I can only sort that out when the developer checks the forum and answer my issue.

Having said that, I am kind of taking a gamble by trading at 0.1 lot currently. But at least my auto optimization is now up and running. So let’s see if this auto optimizing thing don’t fu(k up my account. *fingers crossed*

Hmmmm…. I seem to be crossing my fingers  a lot these days…. oh well… such is the life of forex trading no? Hope the market don’t mess you up. But like Murphy’s Law says… ‘What can go wrong, will go wrong’. If you believe these… then… I guess that’s too bad… and one should not trade forex… hehe

Anyway… I still need to work out this NNM EA… so far I am $6 down on 4 trades @ 0.01 lots. Not what it seems as per their site.. but it is still too early to tell. I kinda have a feeling that this is a long term EA, since it is trading on a 1 hr chart. Still need to put some work on it though to see if my settings are correct.

Well… not exactly a quick post but….

So many things to do… so little time….

Oh… if anyone wants to follow my performances with Forex Barometer… You can check out my MT4Stats here.

http://bfeafxdd.mt4stats.com

Opps… that reminds me. I need to update my ‘Live Account’ page…

I bought into Forex Barometer two weeks ago with the donation and funds that I have gotten via my affiliate link… While it does not cover the whole cost, it does help. So many thanks to your contribution which made this post possible.

Let’s get on with my piece. My creative juice is pretty low at the moment. So I am going to make this as direct as as I can.

So what is it about Forex Barometer that caught my attention. Well basically it their forward statement… There are two EA that actually caught my attention. One of it is the S26 while the other was the Neuro Network call NN Master.

Now don’t tell me that the statement would not cause you to want to try it out. Sure some people would say that that can be altered. But for a total of  $268 ($199 + $69) for two EA that has potential, it is not relatively expensive like $500 bucks per or something crazy like that… So, aren’t one curious to find that out?

Yes, I was curious I googled it, and could not find any relevant information about Forex Barometer… and since I have not seen any review on this EA, I thought what the heck, ‘Let’s get down to business with this EAs’

Actually there is nothing much to look at. I did not backtest this EA. Simply because of the license and my VPS issue.

All my historical data, are on my laptop while my VPS are pretty clean. Plus, I only have three activation codes for three account. So I though what the heck, let’s do it live directly their statement after statement on their site has proven that these EA has been tested day in day out.

Further more, my broker were all included in their testing results. Let’s see what else… Oh… My FXDD account was kind of dormant. So I though I would used that account, I topped up another 100 bucks and see if this is going to my next best gambling act… On top of that, FXDD now offers Micro account. So my trade should not be more than 0.01 on a 200 account. So risk was pretty manageable.

The only thing I am going in is that, I don’t know how it will perform for me.

One thing that is really slacking is that one needs to wait 2-3 business days before the transaction can be completed. Meaning from the day I pay I have to wait 2-3 business working day before I can receive the product. Pretty weird way to do business. But his explanation was as such…

http://forexbarometer.com/gctfrm/index.php?showtopic=123

Ok… fair enough. But it would have been great if that information was provided before someone buys into it. Anyway… since forex is a matter of patience, I waited.

I must say I was pretty excited when I received the download link. It’s like a boy waiting for a ultimate comic book coming into the post box…

But excitement turned into stressed when I tried to understand how to set it up. You see, the EA does not come with a manual. And if you did not buy into their support package, well… you are practically fu(ked. Ok I don’t know if one were to buy without the support package whether a manual will come with it. But on his site it clearly states the terms and condition, in a way saying if you don’t get the support package… ‘You are on your own… brother’

I told myself $hit… this is new to me, so I believe I need the support package. And sure enough viewing the forum and trying to understand how his system works is pretty tedious and confusing. Even the forum thread I must say was not all that organize.

The information was not streamlined properly enough for a green leaf user like me to understand how to install and how to get the settings right. I suspect that this is a one man show. The site does not seem consistently organize. But hey… I thought initially that is for System 26 or S26 for short… maybe the other EA NN Master would not be that bad. Oh how I was wrong…

I bought into S26 first. Why? because if I would have bought any other product first like NN Master, I would not be able to enjoy a $10 discount because S26 does not offer any discount for repeat customers… Buying smartly as they call it… hehe

I bought S26 and installed it, while at the time of this writing, I am still in the midst of communicating with the developer because somehow or rather the auto optimizing feature was not that stable on my MT4 and caused it to crashed. So I had to revert to semi automatic optimization to ensure my EA is up to par with the current market.

Now on the side note, the reason for optimization ever so often is because the market movement tend to change frequently. So when we optimize the period say from 2 days ago, this EA is actually following the market with the assumption that the market will stay this way for the next day or so.

The Auto Optimization feature actually works after every time period which it is trading on. After it runs it’s auto optimization process it then sends the new settings to your EA. Kind of like optimizing in on the go… Pretty extensive and complex no? It’s a bit complex even I don’t understand this particular paragraph myself…

Anyway, that is how the optimization assumption it is base upon and this assumption does sound kinda practical.

Well that is my initial thoughts on S26 as for NN Master…. It was cheaper… so I though heck… it won’t be that hard to get it going. Man… it was also a bit tough. But because I had some experiences with S26, NN Master was not much of a different. I had to kinda use my common sense…

It’s so unfortunate that this EA does not come with auto optimization.. but I don’t think it does, because NN Master uses a 1H chart. And the optimization uses a very different execise approach. It will be kind of long to describe it here (Yes, it is very complex) but once I got did it and restart a few times, it is not all that bad. One need to go over it over and over and over again… Hey.. that is part of learning no?

They say profits does not come easily without any work. Of all the EA, this is the most single hardworking EA I have to configure to get it running. So does that mean it is profitable??

Haha… I wish and of course I hope it is…

Well, it’s just a start but I guess you can follow my progress from my FXDD live account statement. I guess if it’s that profitable I am sure you will hear more from me again.

One of the reason why I think his site is not promoted aggressively is probably because his site does not offer any affiliate program…

But this site really test your patience and calmness. From the time you purchased the product until you get your EA going and until you are profitable (I am not sure about this last one cause I have not reached there yet). Reminds me about forex trading. The market will test your patience, nerves and if you can get over it… you will master the forex market.

So hopefully Forex Barometer is a glimpes into my forex profitable journey because getting this EA to run is a tests of all that is call forex…

There are a lot of things on my thoughts about Forex Barometer… but I will leave this here for now.

One thing to note, if you want to try Forex Barometer… please make sure you have the time to really sit down and read and toy with it. It is pretty time consuming and an interesting learning curve.

It’s not the 5 page manual, set and forget… So if you are still toying with other EA, finish what you are doing first, only then dive into this EA.

It took me 3 weeks to come with a post on this man… it does says something. I was ding-donging back and forth with Forex Barometer and all the other stuff (Winalot, EAezGor, Blitzkrieg… etc etc)

Initial I have short listed about 7 mercenaries

1. Forex Boomerang
2. EuroBlaster
3. Forex Transformer
4. Pipzu
5. Crusher
6. Cyborg
7. Forex Espionage

Out of all these 7 only 4 made it and was chosen. Forex Espionage was pretty obvious, it was a copy of Transformer. Bloody poser… So I would opted for transformer, since that EA was more credible… Cyborg, well… that EA was on martingale, and I don’t want a loose cannon on my team and Crusher only perform well on 4 digits account and fu(ked up some trades.

So it came down to only the top four. Now let’s see how they perform over the past two weeks no? (Click on graph to view full statement)

Impressive no?

Out of all the four EA, Forex Boomerang was the one that did the most work, second came EuroBlaster, third came Transformer while four came Pipzu.

Kind of unexpected… I would have assume that Pipzu would take the lead base on the backtesting result done initially. But whatever it was, these band of brothers seems to be doing really well.

EuroBlaster just got an upgrade to V2. So I hope to see more action from EuroBlaster. While I am still skeptical about Pipzu… I must wait until some conclusion can be made.

Since Boomerang has been impressive, I initially wanted to see if only Boomerang will perform as well LIVE. But I believe these sort of results is a combination of all four. I think if it was left alone, these sort of curve would not produced.

So what I did was put all four live on my Alpari account. Of course trading at only 0.01 lot… while at the same time continue with my demo testing. Just to see if both DEMO and LIVE results would be more or less the same. Maybe see if I can recruit any other EA to this mission.

We shall see….

Ok… lousy opening… but one just try to make it interesting no??

Anyway… finally… after days of testing and re testing I got some results out… Some EA can be really difficult to backtest you know. Some are pretty easy. Don’t know if it’s the coding or not… but Winalot and especially EAezGor took like forever to complete some backtest…

I wanted to stretch the backtest from 1999 but somehow or rather… my MT4 crashed….  I think this is because I was backtesting on my laptop and not on my PC. Yeah I know these sort of backtesting exercise should be done on the PC rather than a laptop but because I am constantly on the go, I work on a laptop more rather than a desktop. If it was a desktop while it is good, I have to run back and forth to test it and check if it’s done or not. blah blah blah…

Enough about my problems…

Let’s get down to some juicy part of this post shall we?

As usual I would run back testing since 2008… for both these two EA and below are the results (Click on graph to view statement)

For EAezGor… I did only 2009 because it took so long … (Warning: the backtesting results file is pretty big for only 2009 results)

Winalot is more or less a scalping EA… OR rather a short term EA whereas EAezGor is a long term EA. Now I do not have much information or it’s origin of Winalot… Only that the author name it Winalot because it Win A Lot Of trades… but EAezGor if no one is familiar with it (unless you have read the author’s website) is that… This EA models upon the ATC (Automatic Trading Championship 2008) EA Gorez which came in 4th position.

Now by model I don’t mean scam, reverse engineered and what not… (I will leave it to everyone’s own opinion about this) By model the author mentioned that he tried to look at the trading an and emulate it. I am not sure if he succeeded but from the backtesting results I guess he manage to work work something on it.

Hmm.. I do not think that there is a free or commercial version on EA Gorez… So I guess his version is pretty much his own… Not sure what parameter he uses but this is a long term EA.

Anyway the idea here is not to scrutinize the origin of the EA… but the idea here is to look at the backtesting results no? Oh well… maybe later we speculate on the origin of the EA…

For now… both these graph provided excellent results. Especially EAezGor… Why? because the risk vs reward ratio is just what every trader are looking for…  the reward out weights the risk… it’s not like most EA or rather commercial EA where the risk seems to out weight the reward and the only way to stay profitable is to have more consecutive wins against consecutive losses… but that is the ideal when backtest reflects forward test… unfortunately it doesn’t.

Ok.. I am jumping ahead of myself.

Let start with Winalot.

First… I tried from 1999 till May 2009 but my MT4 crashed. And I wasted one day well because I left it overnight since it took quite some time to backtest it… So what I did was cascade by backtest into different periods… 2000 – 2005 and 2005 – 2007. And here are the results…

2005 – 2007

2000 – 2005

Not as impressive as I would hope for… huh… but again… the risk vs reward ratio is far better than most scalping EA… The risk is about 2:1 (meaning you risk 2 dollar to make 1 dollar) compared to scalping EA (you risk 10 dollar to make 1 dollar) so you need to make that 1 dollar 10 times just to break even…

Anyway… this would or might appeal to some people… especially me… While the profit factor sucks… remember it is only 90% true… It maybe worst or it maybe good… I don’t know until I try it out live… and from the looks of it I might.

Now NEXT comes EAezGor… Now this EA is what has been taking a lot out of my time. It took me like 2 hours just to backtest from 2008 till May 2009. From the graph above it is pretty impressive I would say…

Because of that I tried to take it back till 1999 but again… my MT4 crashed. Another day wasted… So what else, I have to redo this in a cascading manner. Since this backtesting took longer than Winalot… I had to use a shorter time period… And I only manage to do it from 2005 to 2008. Wanted to do since 2000 but by the time that backtesting was done… and the graph was produce. I kinda lost my mood and enthusiasm.

Below are the result… (Again the backtesting statement file is a bit huge especially from 2005 to 2007)

2008

2005 – 2007

I don’t know about you… but results like this is pretty unmotivating. While the graph looks really sad…

On the other hand, upon examining the results, the interesting part about this EA is also it’s risk/reward ratio. I believe I have seen quite a number of backtesting results but non of it has these sort of interesting risk/reward ratio. It is practically 1:2 meaning I risk 1 dollar to make 2 dollar.  Have a look at it and you will see that the reward just outweights the risk. It is true also for 2008 and 2009.

Even with this sort of risk/reward ratio, the graph since 2005 till 2007 is pretty depressing. As usual, these sort of EA do interest me. Hence, it’s going live for me…

On a side note, I am beginning to really wonder the real objective about backtesting… ideally with a risk/reward ratio being 2:1, the graph should be on an upward trend, maybe the execution part on the EA is not that efficient or the market is shit at that time or the EA does not past through different market conditions. I don’t know… it’s just a though

But hey…  I am a gambler… I would rather bet on the 10% with a 2:1 chance rather than than a 90% with a 1:10 chance….  but then again… I am also betting on the 90% with a 1:10 chance with scalping EA… hehe

Anyway… just to provide you with more information about this EA.

Apparently… this EA requires a product key to activate the EA. And this EA does actually communicate with an external server house by Easy-EA.com. If it pans out… you will be successfully log in and your EA will work. Even when backtesting the developer says that you need to log in (ie attach the EA to the chart before backtesting) if you one will not get any results.

Now I can verify that because I usually backtest without attaching the EA to the chart. One of the reason why I fumble initially was because I could not get any results until Jeremy (the developer) told me about this.

Also I had problems initially logging in because of my anti-virus software. I tweak my software a bit which allows my computer to log into the server to download some information for the EA to work. Great security feature for an EA if you asked me but it would be a hassle if your Anti virus software blocks all incoming downloads.

I have seen the decompile version of this EA and most of it has already been modified to run around this EA. One thing to note, you can not modify the TP or SL. It is internally build in. Don’t know if the server releases the value or it is internally calculated. Did not have time to look deep into the decompile code to find out. Anyway, the decompile version I have was the old version. The one I backtested were the newer version. So codes could have already been changed.

So I am not really sure if there is any work around without any major modification to the EA. I have come across a lot of EA with DLL files and if one were to work around these dll files, one needs to really modify the major part of the EA.

Thus, when you set it to work it might not work as per the original. Don’t know… some people say it would work, some people say it won’t. Each to it’s own.

Now having said that… A demo or trial version would be appropriate to let the user test it out first before buying. One very interesting thing here is that… Easy-EA.com actually charge $20 per month for a trial version.

Now out of curiosity… He mentioned that his EA is pretty tight, security wise and even if one were to decompile his latest version and probably comment out some restriction codes… It will not work. So my question to him was why charge for a trial version when in fact with the product key that would verify with an external server would mean that he would be in total control over the EA?

Here is his reply…

Fair enough…

But here is a though… What if his server crashes, and the EA is not working because one just can not log in? Or what if the developer got kidnapped? What would happen to the EA?

My initial though is that you are not buying into an EA, what you are getting is a license to use this EA… I mean that is how the industry is turning into no? You buy a license for say a year… and then you renew it every year. But with Easy-EA.com… You probably get the license for life until either the EA becomes irrelevant or until the server crash beyond repair or either the developer get’s kidnapped.

Of course, that latter would not happened… It’s just that, one would not be buying into a product and owning it as a whole… Well… I guess if it’s that good, it’s got to be protected that way.

No two ways around it, since in this industry, espionage is one of the greatest enemy to EA developers.

Whatever or however one wants to conclude with the backtesting results… I’m going in live with these suckers…

Muahahaha… (I just love Mr Burns, don’t you?)

It has the same smell as a piece of $hit that has just been sitting there.

But this post is not ALL about this new EA. You might say this post is old news but so far it has not been compile in a more clearer way. So now I am going to compile one very big shabang on these fu(kers… It is so sad that it originates from somewhere close to home.

Here are the the posts when I first started discovering this bullshit…

While I have to admit, someone has already raise a red flag or pointed me to the information on my blog but I did not really put focus on this issue until I got another email from Zeno of 4xproject.com about this new EA… theforexwonder.com

I think it is about time to relive this BS and smoke it to kingdom come.

Ok… let’s start.

Now… with regards to this POST here… I only started to discover how all of this were tied in to a server hosting heoluaca.com about how ‘Your dissatisfaction is our satisfaction’ Very arrongant.. but that is only the tip of the iceberg.

So I did a reverse IP look up and found this…

All these sites Forex Fantasy, Forex Maestro, Semi Auto Forex all comes from the same source.

If that is not ever a confirmation… then check out your email from terminator, forex dominion, forex miricle… etc etc. When a new EA is launch like Forex Fantasy, Semi Auto Engine, Magic Machine and the latest one Forex Wonder…these so-called EA authors would blast your mail box with this advertising…

And if you scroll to the bottom of the email address… you will discover that they are coming from the same source

So who is HL Direct anyway? I got the lead from this site here BFKINGPIN clickbank account and it’s dealings and Semi Auto Forex Scam. Which lead me to their website HLDirectMarketing.com.

With that I did a whois check… and what do you know.

This fu(kers know how to really hide all the other domain but they never thought of hiding their whois main site… I quickly took a screen shot before they start getting smarter…

Having a look at their website

They so arrogantly and LOUDLY proclaim

LET US BE CLEAR: We don’t accept any clients.
Because no-one can afford us. And because we can’t stand
working for anybody except ourselves.

And YES — we’re that good… and that good-looking

Since they do not accept any clients. It means that all these guys Stephen Lee (forex dominion), Henry Neuman (forex terminator) and all the other guys are actually fictional. These guys just shoot their balls, they can no longer use the excuse that they are marketing for their clients now can they… because they just LOVE THEMSELVES so much that they only work for themselves

They are good… good con artist that is. $hit… this statement alone will blow their ego up more. So probably I should say they are good scammers. They can take something for free and turn it into a product to sell it to unsuspected customers. They can design nice and hyped up looking websites… (theforexwonder.com smells the same doesn’t it?) to induce you to buy their product.

Good looking? Previously when I visited their site, they were so full of themselves that they posted their photos. But I guess they realize their mistake and took it down. How I wish I did a screen shot of it before they took it down and show you how good looking they are… Like a monkey’s ar$e…

Now if you listen to the audio… it is pretty funny. I don’t really know who they hired to read the script but this is how the script goes

1984 9 years after the Vietnam war, a child was born,
beautiful smart little boy, only one flaw,
he studied so bad he could barely speak,
ridicule, humiliated and tortured,
everyday in his life a struggled, but he never gave up, (Can I cry here?)
and he became an inspiration to the entire nation, a legend, (Are they taking about superman?)
every area he enters he cleans up, take no prisoners,and bombs the competition in to oblivion,
but then in 2002, at the height of his career, (Con ar$e career that is)
he made a bold move that shock the entire world, (Hmmm… I never come across it on CNN)
he went underground, vanish, back to his drawing board,
no one has heard of him ever since,
only rumors but now he is back, bolder, badder because something big has just began,
it’s call the comeback of limp.. chu wong (Limp who?? I couldn’t really catch this part)

So is he from Vietnam as his per his who.is? Luckily this guy here took a snapshot before they change the name to HL Direct: Jason Quang Nguyen Dang. Gawd Dang! You give your Vietnam comrade a bad name..

Ok… I have manage to establish quite a bit on them… and how all this are tied into their recent escapade. Forex Maestro, Fantasy, Semi Auto Forex…

I can’t however tie THEforexwonder.com to them. They realize that someone was on to them and they start to use different hosting service provider. I believe they started doing that with THEForexMagicMachine.com. They as usual hide their Who.is very well…

But the site again smells like them, looks like them… and could be them. All I need is evidences to prove that IT IS them.

One things that clearly smells like them is that, they use this trade mark with the word ‘THE’ in front of their own product. One of the only time they did not use it on forex EA was on the semi auto forex. They tried a different approach on that one… including using a different payment system.

I am not going to go ahead to prove that forex wonder is a rip off of another Free EA on the internet. 4XProject has establish that. This are the two backtesting results from Forex Wonder and another free EA Pseudocarcharias v102. Just do a search on Pseudocarcharias Forex…

No this time round I don’t want to show side by side MQ4 well firstly because I don’t have both the source code. What I want is the big fish… the pu$$y pig and the fu(king ar$e…

I want to tie in this new forex wonder to HL Direct Marketing.

If that is done… then I can screw them to kingdom come on my next post.

Now the only way I can tie in either by way of autoresponder or by way of receipt from Clickbank received by a buyer.

This will now be a shout out to everyone who is reading this. If you have an email from theforexwonder@gmail.com (one thing consistent with all of them is that they use a gmail account) check the bottom of the email. If you have the same address as the one I posted. Please take a screen shot as above and hide your email address.

Or if you have a receipt from Clickbank when you bought the product..

Please take a screen shot and email it to me.

Yes… I did buy stuff from them. That is how I got my receipt with their name large and wide.

I want to really tie these suckers to this new product… They can change their DNS or IP address. But this is one thing that they can not hide… If not how do you think they are going to get their money from Clickbank?

My… my… am I that popular?

Let me pump up my ego a bit here and savior this new found fame…

Hah… I can continue to keep dreaming. Once is a fluke, the second time is a coincidences. Maybe when I get request day in day out can I proclaim that I am popular… Now that’s a thought.

But I must say, I did not start this blog for it to become a review site. I started this blog because I WANT TO MAKE MONEY FROM FOREX! Hmmm that did not sound right.. I think I started this blog to share my experiences with trading forex EA and of course the journey which I encounter in forex trading.

Sighh… but my performances does not seem to reflect that. I guess I stand a better chance at winning a lottery than trading forex. But I must persist…. move forward…

Oh… sorry… I think I have missed the point of this post.  Anyway… I am again honored that someone had requested me to test and write a review on their EA…

If you haven’t figured out from my title, then it’s… WINALOT and EAezGor from Easy-EA.com

While one thing about this email is that, it was very business-sy like. Unlike FedoraFX where Tom was being slightly informal in his approach.

This email strike me as ‘No offense, but it’s just business’ sort of arrangement. Very formal and I guess I am not very used to it. In all my email correspondent they usually leave their name.

While I wasn’t as enthusiastic as Fedora approach, probably because the second time is not the same as the first time when one first pop your cherry…  I just can not past this opportunity…

How do you say no when one offers you a sort of free EA to you? How do you huh? How do you say No to this?

Well… maybe you can but I can’t… So of course I say YES…

I just replied to them while saviouring the hour when I get my hands of their EA…. Muahahaha…..

Tom has given me two EA, one of it is for GBPUSD which the performances is being advertising on his site while the other EA was for USDCAD. So I started with GBPUSD, while backtesting result for GBPUSD was excellent from 2008 to May 2009..

(Click on graph to view statement)

Much needs to be said for USDCAD…

So discarding USDCAD… I push the backtesting results for GBPUSD to 1999… And I was pretty sad with the results

With my disappointing face… I wrote to Tom and ask him to comment about it…

Below is is reply which he commented

Tom uses Fibonacci, within his EA… and so far he is the first person in the commercial EA world to use it… correct if I am wrong please. And he mentioned that the data may not be past through the right way… So it needs to be done month by month… I guess one of the reason why he posted his backtesting statement month by month…

How true is this… I am not sure… While I think it would be interesting to do month by month backtesting result. I am just to lazy… I know I know… one can’t be lazy… but but but… I see what I can do.

Anyway, you can check his mt4stats live results here… http://fedorafx.mt4stats.com/

Tom is also involve with IBFX contest, you can find his nickname ‘FedoraFX’ on the top 100 (results changes everyday since open positions are being taken into the gain calculation to create ranking) So which means there is an amount of credibility to his EA. Like so many EA out there… this is the only way to make you name into the EA world. Enter a contest and see how well you fair.

One thought… if it’s really good. You can be sure that this EA will be in the sharing zone soon. And people will copy it…

Anyway, martingale strategy somehow or rather appeal to me… Appeal to me so much that I would take a quick wank over it… Must be my gambling days with roulette systems.

Like Cyborg EA… Backtesting results was $hit but forward testing was great! (So far that is) I have yet to see a dip which I am keeping my fingers crossed that it does not happened.

So should I give this the benefit of the backtesting doubt and also dump it into my live account? Now since my IBFX seems to be a martingale account. It would be interesting to use Fedora FX on my IBFX account too…

But here comes the problem… IBFX complies to the NFA hedging ruling. So I have create another account with IBFX in order for me to trade Fedora FX especially on GBPUSD since Cyborg EA also trades that currency pair.

So while I am in the midst of sorting that out and also get my EA encoded to my IBFX account… I leave it to each to it’s own to see if this EA would prove interesting for you to try out.

Oh… as my promise to the author. You will not be able to find this EA in my library.

You see… last thurday I thought I could get away with a quick shot on profit with Cyborg EA. I mean… hey I seem to be getting quite a good winning streak on my IBFX account with Cyborg. So… why not…

The uttering of these two word ‘Why Not’ drew the devil inside of me. On top of that my chinese blood in me just had to scream ‘Punt! Punt! Punt! Punt!’

Gawd dang!! I am just sooooo weak…

I said to myself JUST one or two punt for that day. My luck could not be that bad right? I mean looking at how well Cyborg has been performing

So there I was… ok… maybe it wasn’t me. But somehow something happened and I move my risk level to 5% from my current 1% of my trading balance with Cyborg… ON ALL THREE CURRENCY PAIR!!

As the day have it… two trades were triggered at 0.56 lots on a $600 account balance going on a Martingale strategy on the first degree going up to 4.72 to the fourth degree!!

Who says this is not crazy risk, please raise up your hand?

While my EURUSD hit it’s profit target on the first trade… My second punt on USDJPY was different… It took the trade and I kept it open over the weekend….

As of end of last week this was where USDJPY was heading and I had two position opened at a drawdown of -$80. Man… it was not meant to be like this! So far… none of my trades with Cyborg would be open over the weekend… None!!! Maybe there was one or two… but the point is… over the past few weeks… NONE!

I can only imagine the worst… If it takes the 3rd trade and I get stop out… I can only imagine half of my account just disappeared.

Another confession… why I did not post over last weekend was because of this… I just could not think straight. How can a wank like this go oh so wrong…

But luck was with me… Today… even though it open gap up and took the 3rd trade… it closed the gap and zip down took my profit target…

Phew… if it was ever a good wank with a heart attack.. .This would be it!

I manage to come out alive with only $25.81?!?!?!?!?! With a risk of probably over -$80 over the weekend…

Who else thinks that this is MR DUMB DUMB please raise your hands…

Sighhh…. It took me quite a few hours to continue to look at my weaknesses in forex. This is not the first time, my impulse to punt on the forex occurs to me. It was just pure indiscipline of me to have taken such a great risk, especially with a Martingale System.

As I mentioned before Forex EA or Robot trading does not really take out the discipline in forex trading. It just takes out in inconveniences of trading full time in front of the monitor. Discipline is still very much needed in trading the forex market. As I have shown here. I am a perfect example of a gambler at best with lack of discipline.

I guess that is one of the reason I am unsuccessful in manual trading is because of this lack of discipline.

Secondly… Fu(k trading with peanut money…I am really taking for granted my small accounts. How can’t I? I am only seeing peanut profits.

You know most EA sales site, keep saying that  ‘You can even trade with as much $100 with our Robot ‘ $hit! If you do not have the discipline to accept peanut profits… then don’t trade at all… even with $100.

It should be rewritten… you can even GAMBLE with as much as $100.

I was thinking $100 is peanut money… I use $100 to gamble at casino. At times… or rather most of the time I blew this $100 and I can go back and sleep like a baby.

While on the other hand, if the money was big enough I would be more careful. I mean hey…  look at my alpari account. I do take care of this account since this is my biggest account in terms of balance as compared with the other… I seem to have the tendency of toying with my other account IBFX, FXDD and FXOPEN all of it which has small account balances.

In my country there is a saying ‘Sikit-sikit, lama-lama jadi bukit’ (Little by little, slowly it will mount out to become a hill) If you look at the capital that I have pump into my FXDD account… and the losses that I have incurred on it was because of that gambler in me.

If one can take small profits in cents… then it is ok. But if one can’t wait to get more money out of the market… Then please walk away from forex trading. You are only making the broker and the more season player more money…

Hmmm…. I have always wondered about Broker giving away free bonuses with your initial deposits… I guess they are slowly turning into a casino house no? They are more than happy to give to you a micro account. Why? Because they know… when you are not satisfied with peanut money… You will start to take bigger risk on your small trading account and the possibility of blowing it…. Well… it’s there. And that is their Broker’s EDGE.

Human weakness and not probability. But I guess all this is just me…

MORAL OF THIS STORY… A cheap wank is never a good wank… whether it is quick or slow. Especially when it comes to forex…

NEXT STEP: Hmmm… either I consolidate my account to just 1 account with one broker… Or I add more capital into the other broker to make it 1k each… I believe $1k on each broker account would be big enough amount of money for me not to screw it up…

So many thanks for your concern… I have been a busy bee I tell you… Well… not only was I busy thinking… but also busy planning… You see, after the discovery of Forex Transformer, Espionage, Conqueror… (which took me a few days to compose by the way) I had to reorganize my operation Euro Blitzkrieg…which I hope to write on my next post after this one…

Anyway, on top of reorganizing… I had to pull myself off the celling… I got a surprise email from FedX…

Ok… well not Fed x but it was from Fedora FX … I was so honored and felt so privileged that my ego and pride just inflated. You should have seen me.. I was smiling from ear to ear… I had to take numerous breath to help me keep my composure before I replied to him.

Yes… I was pretty honored that someone would thought that I would be of great value to him to test out his EA… Well… how could I say no… when I can get an EA for FREE!!

Muahahaha….. that’s what happens when you become famous… You get freebies!! Hmmm… actually that is how celebrities get to have all those cool stuff for free…

Ok.. I know I know… I am getting a head of myself…. I am no celeb… JUST A WANNABE… Sell my soul to the devil and commercialize my site and Ka-Ching!!! Muahaha….

Down boy!! Down boy!!

Anyway… back to my point. Well… I am currently backtesting this EA… It looks good but there are some questions I need to ask the author before I post my initial backtesting results…

But let me give to you an initial though about this EA… Again I don’t really know if it’s a coincidences or not. When I wrote the post about Martingale strategy… And the use of Fibonacci retraction as a good way to ‘double up’ your bet on retraction… I never thought that this idea would have already been conceptualize.

Fedora EX … does not exhibit this Martingale strategy when you see it’s latest backtesting results on his site… but when I did some backtesting on it and apparently it does shows that Martingale strategy is incorporated into his EA…When I check his old backtesting results… it does show that Martingale strategy was indeed being used.

I am still in the midst of doing everything from my forex trading to my review to my organizing of EA all at once… So I will leave this here for now. I hope in the next post on Fedora FX I am able to get more detail backtesting results from this EA….