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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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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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…

AUDCAD, AUDCHF, CADCHF, CADJPY, EURNZD, EURUSD, GBPUSD, NZDCAD, NZDCHF, SGDJPY, USDSGD, GBPAUD, NZDCHF

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

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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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

EURGBP, GBPCHF, AUDJPY, EURUSD, GBPUSD, NZDJPY, USDCHF, USDJPY Read the rest of this entry »