Lovely Megan

Filed Under (EA System) by Casey on 12-01-2010

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If ever I were to use my analogy on the art of kungfu accurately then I would say this would be the best example that clearly showed what my gambler friend was saying…

Learn, observe and kick the bag… if it failed then I should relearn, observe and kick the bag again with a different style…

I have taken Cyborg EA tested it live, got slapped in the face, took BestSniperForex EA tested it live, got kicked in the nuts, relearned everything about martingale, mutate it a bit and applied it differently from a different perspective and this is what I got… A mutated Cyborg version which I have renamed it Lovely Megan.

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Martingale Mania X ~ Dumping Megan

Filed Under (EA System, Journal) by Casey on 11-09-2009

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Well… not exactly dumping her… It is no secret that I just love Megan Fox… beautiful, sexy and elegant. And like any beautiful women… they are also dangerous. That is how I equate Martingale system to.

Treat them right and they will show you what heaven is… treat them wrong and you get $hit for it…

Over the past installments of my Martingale Mania series… It was a lesson or rather journey to my understanding¬† about what Martingale system was all about and most importantly how to handle a strategy like this…

So before I started to dive into my second phase of backtesting with Best Forex Sniper… I put more thought into what I have learn and what I was going to go through…

Imagine… I was testing going to test these 6 currency pair, each would take 12 hours per year… of course I was just¬† stumped.

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Martingale Mania IX ~ More Backtesting

Filed Under (Journal) by Casey on 09-09-2009

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Here is another boring post on backtesting results with Best Forex Sniper… I have found a few more currency pair which needs to be considered…


Get ready… here are the results… Read the rest of this entry »

Martingale Mania VIII ~ Cyborg

Filed Under (EA System, Journal) by Casey on 07-09-2009

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Initially I was thinking about posting my August month end performances. But seeing how I screwed up big time with Best Forex Sniper in the first two weeks… I decided to defer this to probably the end of this month.

While Best Forex Sniper slaughtered me… due to my ignorance to using the Martingale strategy… I manage to come off with lessons from these losses. And that losses was translated into my Martingale Mania series.

It’s funny that my most feared strategy became my most intriguing strategy to me. I initially encounter with Martingale on my live account was Cyborg. I knew it was a gamble and I knew it was too good to be true from Cyborg’s page… so with a small account of over $400 bucks… I gamble it on Cyborg…

And I must say by far… this is my best performing EA… mind you I am still using the initial version of Cyborg and the initial settings. Why toyed with it when it is not broken? Ok… I did toy with Cyborg once… A Quick Wank is a NO-NO!

Exciting as it was. That toy was a gamble… after that episode… I just left Cyborg as it is.

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Martingale Mania VII ~ Backtesting Bane

Filed Under (EA System) by Casey on 03-09-2009

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While it is not a secret that backtesting is a real pain for me… nevertheless it needs to be done. It took a long time to really test Best Forex Sniper’s EA. Doing one currency pair over the period of 8 months took me like 12 hours… and I was really contemplating on whether I should continue with backtesting other currency pair.

Well, I had to do it. I needed to satisfy my curiosity… leaving no stone unturned. I wanted to me sure that my initial ‘blink’ on the chart was correct.

In my previous posts Martingale Mania V ~ Currency Pair, I manage to get 4 out of 5 correct, with a glance of the chart to see that my theory that any pair with a 330 pips movement one way without retracing would not be suitable for this EA.

With that before diving into these 4 currency to backtest it further… I had to satisfy my curiosity if other pairs could have potential for this EA… I did not trust my eyes.

So… here are the results on the currency pair that I have backtested


Martingale Mania VI ~ Capital Outlay

Filed Under (EA System, Journal) by Casey on 26-08-2009

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While I continued my back testing on a few more currency pair, I was planning my next course of action to this Martingale strategy. Since I believe I got the currency pair covered… ok… more or less got the currency pair covered, I also needed to address the main issue to continue with this strategy forward.

Capital outlay with the big C

Looking back at the nature of the risk I am willing to take with this strategy… for each currency pair, I need to have at least $10k… risking around 3,500 every time… would equal to 35% of my capital. This would of course be reduced every time I successfully accumulate my profits and grow my capital and continuous maintained my lot size to be at 0.01.

Thus… this is where I am stuck!

I do not have $10k with me at the moment. So what am I going to do? $hit!

However having said that… there is always a way around it. If I were to change $10k into 10k cent… it would make sense to trade 10k sense… going on a 0.01.

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Martingale Mania V ~ Currency Pair

Filed Under (EA System, Journal) by Casey on 25-08-2009

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Following the concept of I pondered upon in my Martingale Mania I, I set out to look for the best currency pair. Since Best Forex Sniper uses a cascading/grid order limit of about 30 pips between each grid level. I had to find a currency pair that is not so volatile… IE does not move 330 pips in one shot without retracting back 30 pips to take profit….

So I went about to look for these currency pairs which were not volatile and put it to the tests… How else do we test? Well… by backtesting it of course. I must say backtesting Martingale EA is pretty long and tedious. It practically took 12 hours just to back test one currency pair between Jan 2009 till Aug 2009!!

Man… I had to learn the long way… Not only did I busted 12 hours of my time testing one currency pair… I wasted another 6 hours because I put the wrong settings… Sighhh….. Oh by the way… these backtesting were done on on Best Sniper Forex EA… So the criteria set out by me and the 330 pips movement were base on the parameters from this EA…

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Martingale Mania IV ~ The EAs

Filed Under (EA System, Journal) by Casey on 19-08-2009

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There are basically 3 martingale strategy that are somewhat similar but different in application. As it has it, people have been saying that is clone of Blessing EA which is a free EA.

As I dive deeper into these EA, I discover another EA which was apparently build on Blessing EA too named Masyuk EA.

Blessing EA ~ Forex TSD Forum

Best Forex Sniper ~

Masyuk EA ~ FXOpen Forum

Upon closer inspection… the base of Sniper and Masyuk are the same but the coding seems to be different. Read the rest of this entry »

Martingale Mania I ~ The Beginning

Filed Under (Journal) by Casey on 18-08-2009

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Well… since I have time on my hand because I have kinda stop trading… I thought I would put down my thoughts about Martingale. While I do mentioned a lot base on my experience with Best Forex Sniper, I believe this should apply to any Martingale system.

Since toying around with Martingale system, I always thought that Martingale was the name of the person who well… founded the Martingale system. But after doing some research… it seems that no one knows how did the name Martingale came about.

SEOUL, SOUTH KOREA - JUNE 11: Actress Megan Fo...
Hot as ever…

Even in Wikipedia, there are two articles on Martingale which were relevant… Martingale (probability theory) and Martingale (betting strategy) never actually mentioned a person call Martingale who founded this Martingale theory.

I guess Martingale is left to our own imagination of who or what this word represent… :) For me… it’s Megan…

Anyway… for forex. The first time I encounter a Martingale system is with Forex Funnel. I never actually toyed around with it because I knew the danger of it. I was very afraid of how it will kill off once account balance.

It was until I got my hands on Cyborg did I started to venture into Martingale system for forex. Seeing how silly scalping can be at times… I thought maybe Martingale could work in forex… I wrote a piece a long time ago ‘Martingale Strategy‘ and still think that it would work because of price retracing back/ Fibonacci Retraction principles.
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Squash Like An Ant

Filed Under (Journal) by Casey on 13-08-2009

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What was suppose to be like Muhammad Ali to ‘Float like a Butterfly, Sting like a Bee’ ended up to be ‘Fly like a boomerang and sink like a ship’

What was suppose to be my conquest to rule the world with Ms Martingale ended up to be a $hit in the toilet…

What was suppose to be the ‘best forex ea’ is nothing more than the ‘best folie ever’

I guess I don’t have to explain no??

The secret EA that I was talking about is nothing more than a sham…Yes, I sham you all on this blog… there was no secret EA… Just a dumb a$$ toying around with Ms Martingale and got a good pu$$y whipping….

I thought I could handle her… I thought I could manage the situation. I have already thought of all situations and thought of how I would work on it to ensure that I don’t fu(k up with this strategy…

But alas… Martingale was just too much for me to handle.

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