It has come to a point where I start to continue to think what is right and wrong. When I wrote my post on Scam, Sham and All that is Bullshit! I realize that apart from my bottom line, one must make a stand when it comes to this industry.

Yes, I have been guilty of downloading some EAs for free, cracking the codes and freely using it like there is no tomorrow… while I also have been a good boy and buying a few EA myself. Most of them were $hite…

So… I would like to use this site as a vehicle to promote those that are innocent… Well… more like promote those that I currently used LIVE on my account.

This is in support of those that are ‘innocent’ and has a good nature of probably improving their proprietary EA that these EA authors developed.

On one hand, I know a lot of people do not want to spend money not knowing if a product is good or not. That’s the reason why it can be easily gotten for free over the internet, if one were to search hard for it.

On the other hand, this leaves the real proprietary EA author in a dilemma. It might or might not hinder them from developing or improving their EA.

The argument is that, if it’s so profitable, then why don’t they use the EA themselves? The reply would be, if they don’t share it OR sell it, how would people like you and me, who does not or might not have the time to learn MQL language and build our own EA or even get a chance to participate in the worlds biggest market…

Because of the need to bring innovation out to the market, scammers and bullshiters prey on people/end users like us… to make a quick buck. In this industry where scammers and bullshiters exist… one dares not enter or buy an EA with their own money…. Some would, but most won’t…

So the internet naturally regulate themselves. Review and EA Test sites pop up like mushroom so that consumers don’t get scammed. Sure they will test on their own platform and give them their reviews. But with so many variables like which broker they use and which settings they have changed all the more cause their reviews to probably be bias.

So what could beat all this? To ensure that one is getting the right product that works for oneself. We need to test it OURSELVES…

When we test it we can be sure that it is good and profitable. Only then we purchase it.

That is the reason why some do offer a demo EA. But with the decompiler software… that makes it tricky. So no more demo version.

One might suggest to open a demo account and past the information to the EA seller to prove it to you. But that takes a lot of the sellers resources to prove it… Like in Enterra’s case, they probably used their own desktop or VPS, set up an MT4 platform and then test it out over a period of time. They only gave me 2 weeks. And that does not guarantee a sales.

Is that enough? No… it’s not… 2 weeks shows you $hit. If my Alfafah forex experiences was ever an example, two weeks without even backtesting it might prove deadly.

So how?

Again…. we need to backtest it, demo test it and then probably live test it OURSELVES. If it’s good, then buy the original.

Now… I am going to be a partly hypocritical here, of all the three EA, only FAPTurbo was legally bought by me. Cyborg EA was cracked and Xtreme was forwarded to me…

Yes… money is a bit tight for me. And as you can see… my bottom line has been messed up countless times. That’s the price I pay…

Having said that… Whatever my reason could be, I am going to make it up to these sellers and also to the potential buyers… You can download it from my library… back test it, forward test it and put it live… And if you are profitable, then I encourage you to buy the original…

For the EA that I used, I will give back what they call a rebate… or I will package it in such a way that you get maximum value for your purchase. I will need to figure out how to package it first. But it will be done…

My principles here needs to be fine tuned. So that everyone can be profitable…

Wow… this is a great EA man… It’s profit factor was like 10 and above….

What am I talking about? Well it’s EuroBlaster of course… This was the EA I backtested next after PipMaker and Cyborg but wanted to post this later… why?? Because I wanted to reconfirm more results…

I tested and try to optimize this sucker… So here goes the results

Click the image to bring up the statement

Profit factor = 10.25

Profit factor = 10.56

Profit factor = 10.78

So… as usual I was excited… I could probably do something with this… I went back to extend the backtesting time line till 1999

Profit factor = 1.14

This was my expression when the results popped out… geess… it is something that does not withstand the test of time. What makes it so sure that it will withstand the future?

Still with a profit factor of 1.14 seems to be an interesting system….

This first order of business when I started to do backtesting was to backtest Cyborg EA. On top of that, I was also backtesting another EA PipMaker V3.15… (Open source edited to include Martingale Strategy)

Now PipMaker was a tough sucker to backtest. Why? Because it took like 2 hours just to backtest one currency pair… And it was not from 1999 till todate. It was from 01/01/2008 till 29/05/2009… My gawd! And I was backtesting it on both broker… Interbank and Alpari. Two of what I would say my main account.

Anyway… it was pretty interesting. Before I dive into the actual backtesting results. I wanted to express my view on Martingale Strategy.

Martingale system has been widely used in casino but I have never come across it until a few months back when I was looking into Forex Funnel. Did not dive into it until I got Cyborg EA. And did not backtest it until well…. last week when my penpal forwarded to me PipMaker V3.15

Martingale stategy is a really scary strategy. In casino using Martingale startegy, you double up your bet just to win 1 credit… This strategy was mostly used in Roulette playing black/red. You double up your bet when you lose your initial bet and continue to double up until you hit a win.

And you only win 1 credit… Here is a clearer explaination on wikipedia… Martingale Betting System .

And here is my personal experiences with casino roulette systems … (What can I say… I just love gambling)

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What can I say… some encouragement always goes a long way.

So there I was twiddling my thumbs thinking what I should do, the itching feeling that this historical data download BS is really getting to me.

‘I will not relent!!’ I said to myself. And getting some encouragement from people (bless their heart) can really gets ones mojo going. I start to see things that I would have easily dismissed as ‘not the solution’.

I went back to my Alpari platform again and going things step by step and observe if I had missed anything…

I started from scratch…. uninstalled Alpari MT4… deleted all the folders and then reinstalled MT4 again. Once the platform launched, I do the usual; set  Tools > Options > Charts > Max bar in history to 999999999999. Then I proceed to history center and I double click on the currency pair to load the initial data.

And this is what I noticed

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I believe it is time to pay due respect to this EA…

Cyborg EA… what can I say. This is a new EA which has been very profitable for me. I have never given it enough hype eventhough I do mention it on my performance update… Come to think of it I have never tag this EA or have I?

Hmmm…

Anyway… this is an excellent EA. This is one of the EA which was forwarded to me… bless his soul. It is license… so I did my usual decomp magic and start using it.

And to date… or as of this writing… this is the result

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I really hesitated doing this performance review of my last months trading activity. Embarrassing… but it has to be done. The only way for me to move forward. With my game plan drafted. Now I need to start managing my robots properly.

Ha… it’s nice being the boss. I can kick and screw the EA if they are not performing for me

But I think I will treat these robot trading like soldiers. Beef them up during demo testing and then send them to war on my live account.

Ok… enough day dreaming. It’s time to count the casualties.

As of End March 08 this is my standing…

So sad… Took out my last two months profit Ouch!! 413.07

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