My thoughts continue to drive towards automatic trading and manual trading.

The debate goes in such a way that manual trading will ultimately rule over automatic trading. A lot of the community believes that manual trading is the way to profit and not automatic trading.

Straining my brains to understand why? I believe the answer is this simple, the market is a one big dynamic organism. It changes, rules and variables and whatever not… changes. If you believe in past, present and future, cause and effect philosophy… then you will understand why forex or people who sells product or software on ways to make money put a disclaimer on their websites.

‘The past makes the present and the present makes the future’

So past performances earnings does not necessarily mean the same earnings in the future. That is what they are saying in their disclaimer.

Coming back… Manual traders have an upper hand. Because they are involve in the market directly, they can adapt quickly when the market changes. Robots are dumb programs that follows a set of guidelines… in IT words… a set of programing.

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Ok… back to some real searching and reporting.

As the title suggest, I have tested Forex Rising out on Demo for the last two week. And I must say I am very impress but also slightly disappointed.

Impress on it’s execution and profits, disappointed that it could not be more….

Forex Rising was a buzz on some of the forums. And now I know why…

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I seem to be having trouble backtesting… Over the past few days I have been browsing forums and a lot of members seems to think that backtesting is not a good way to find out if an EA works or not.

They seem to say and a lot of other places seems to echo this sentiments. ‘EA are being programmed and back tested to "curve fit" to work with historical market data’

But isn’t that how a strategy is suppose to be tested to know if their guidelines and parameters work?

How else will you be able to test out your strategy?

The debate and goes back and forth does not help me to decide if I should continue to backtest an EA before I spend time demo testing the EA….

Or even put faith in an EA before I purchased it.

That was how I bought EA Shark and EA FAPTurbo. While EA Shark showed promised, forward testing wise did not yield me good results… Only FAPTurbo was more successful

Piptronic was aquired free, it’s backtesting was great but forward testing was a failure because of the big drawdown. Forex Rising also seems to look good but have not testing it out yet…

On top of that, most broker does not allow data download anymore via MT4. I have to download from a server and then import it into my MT4…

So what am I to do? Continue with my principle that each EA needs to be backtested before forward testing it? Now I am only human and I sometimes bend my principle to find my convenience …

With only 24 hrs a day… I need to bend it… But this is a trait that suggest that if I don’t follow my principles, it will be very difficult for me to be a successful forex trader. But why should I want to be a successful trader when I have robots that may or may not perform well for me?

Ok… that’s another post I will leave for next time. But I believe I need to review my principle to backtest an EA before demoing…

There are a few monitoring EA sites, which I can use it as a basis to justify my own curiosity to demo test it myself. So that might cut the corner of backtesting each EA that seems interesting…

Hmmmm…. that’s a thought….

I finally uploaded this EA on my download page. I also uploaded my modified version of EA Shark. Ok… not modified but rather I was trying to crack this EA.

Actually this was a really good experiences for me. You see, I do not know much about coding MQL. This was a great way for me to get my hands dirty and see what I could do with it. At least now I know what some functions does.

Anyway coming back to this crack version. As I mention before EA Shark Build 4.0 has one of the first I have encountered uncrackable EA. And it’s true. The dll files hides some of the functions, INCLUDING CHECKING FOR A VALID LICENSE TO THE EA.

It took me awhile but I manage to work it around.

There was another DLL funtion which I though that could be important to the whole new Build it was the Trade dll files while I was able to crack it into two an ex4 and mqh file….

I am still learning what all this means, but for a newbie MQL programmer I absolutely know how this works.

It will take time to learn but to learn it will be one of my objectives…

Well, see if anyone can make heads and tails out of this new build and hopefully share any interesting finds…

I have uploaded the cracked version of EA Shark. This is the first EA I bought.

Again, this EA works tremendously well from 1999 to early 2008 (backtest) which was one of the reason why  I bought it. It tested really well and the forward test was also very promising.

But if you backtest it from 2008 to today. The test is really dissapointing. As you can see below. I guess the author knew of this and release the updated version EA Shark Build 4.0 to counter this.

But unfortunately, this build is pretty strong and seem uncrackable. One of the reason why you will not be able to find the crack version of this new build.

I do have the new build but unfortunately my license with them has expired. So I am unable to backtest the latest build.

I do have the source code for Build 4.0 and am trying to see if I can work around it to do a backtest. While I believe by manipulating the source code it would not be that accurate to see if the logic works the same way.

Anyhow, I have uploaded the EA Shark build 3.16 onto the download area.