Initially I wanted to entitle this post as “My Karmic Affair Part 4285″ but thought seeing how things have changed over the past weeks I decided to rename the title of this post as “Royal Rumble”

Before I continue with my story… Take a look at this myfxbook chart.

Once upon a time in December 2009, I started to notice FAPTurbo again on my favorite lead site 4xproject.com. The gains seems to be mighty interesting like to rose blossoming in the sun. Obviously I had assume that Zeno has been running this EA for since the rave days of FAPTurbo. So I thought it would be interesting again to rekindle my karmic bond with FAPTurbo.

So once again, the story continues with my fapping affair…. Read the rest of this entry »

Well, last week was pretty tiring. Had to travel to beautiful Beijing on a business trip. Weather was cold but manageable. This was my first trip to Beijing, and I am just amaze by the sheer number of Chinese people per sq foot…

Apart for my business work, I manage to squeeze some time to walk about Beijing, take the subway, visit Tienanmen Square and of course taking a quick visit to the Olympic Bird Nest.

Amazing huh….

Ok… this blog is not a social blog, but hey a bit of social blogging should not hurt right… right… One photo of the Bird Nest does not exactly qualify this to be a social blog.

Anyway, during my trip to Beijing, I did not manage to get any forex activity done (directly that is), because internet control in China is pretty tight. Even facebook and twitter was ban in China. I did not know why until I google it and found these sites.

Here are some interesting read:
http://www.web2asia.com/2009/07/07/first-twitter-now-facebook-banned-in-china/
http://mashable.com/2009/06/02/china-blocks-twitter-and-almost-everything-else/
http://www.leeclarion.com/news/2009/08/29/facebook-banned-in-china/

This is not something new, but laymen like me are so caught up with my own personal escapade that we turn out of be as ignorant as hell to what is happening in our big world. Read the rest of this entry »

This is just a quick update… Since I was being nostalgic and taking a look at FAPTurbo again on my previous post… I thought it would be interesting to see if it’s next generation robot… FAP Evolution did any better…

Well… got this from Donna Forex’s site http://www.fapturboswiss.net/

Ok… let the comments flow…

Ready… 1 .. 2 .. 3.. GO!!!

This was another idea that I have been toying around on my head over the past few weeks. In the forums these days, FAPTurbo has been very quiet. I am sure with all the good and the bad experiences that have been floating around, plus new EAs that have been popping up… I believe a lot of people have put FAPTurbo in their KIV folder and not trade it at all…

The idea was that, if not many people are using FAPTurbo to scalp… then maybe there is a chance that FAPTurbo might be of use again…

Don’t know how far this truth is… but the myth is that if a bunch of people say 10,000 people were to use the same EA simultaneously, the number of execution at the same entry point is a known variable that would or might hinder the efficiency of a system… (The last I checked, FAPTurbo sales was over 10k but not sure what was the % returned)

Now… I do not know how true it is… some people say that is a reason why some system are rendered useless when a certain number amount of people start using the same system.

I am not going to clarify or verify this… I just use it as a reason to look into FAPTurbo once again…

Read the rest of this entry »

Arghh… it has been a difficult week. Volatility in the market is really messing my robots up. I do not think it is only Cyborg, NN Master, Boomerang, Blaster…. any EA that trades EURUSD would probably have gotten canned as well…   $hit! This is taking me back 2 months from my objective.

I thought I made some stride last month… Sighh….. Slapped silly by the market…

Anyway… sorry for ranting. I just had too… This is really killing me to no end. But that is not the reason for this posts.

Last night as I was browsing through the forums just to see what was happening. I stumble upon this thread with regards to the topic ‘Why do Traders Lose?‘

I was losing badly in the markets and I wanted to find out if I was doing anything wrong… I was seeking solace, and started reading this thread with interests. Here is what I wanted to highlight….

“Let your profits run and cut your losses short”

“The first loss is always the smallest”

“Plan your trade and trade your plan”

“Pigs get fat, hogs get slaughtered”

“The trend is your friend”

Read the rest of this entry »

Since Alpari was my worst performances for three consecutive months. Corrective action needs to be taken… Now before I ran my band of Euro brothers, and Easy-EA.com’s EA… I had three main scalping EA on this account. Mainly, FAPTurbo, RemExpert and Xtreme (both EURGBP and EURCHF)

Because these are scalping EAs… there have taken quite a lot of trades amongst themselves and thus, it was kinda difficult to see how well they performed. So with no other option… I had get down on my knees and start to disect my statement and analyze throughly what and how these three EA are doing.

So… what I did was I downloaded my statement from beginning of April 09 till end of June 09 since it was these period that I took a $hit load of losses. It was not easy…. but after painstaking toying around with my spreadsheet and I manage to get this out…

Over the past three months these was what happened… Read the rest of this entry »

It’s the time of the month again where I review my month end performances. But this time round I think I need to really look into this much more deeper. As June closes, it means half of the year has gone. So how did I fair? After numerous thoughts, and action change and philosophical ideals, did my performances changed?

Let’s have a look…

Last month I came out slightly better… and it seems that I am slowly moving out of the rut from a month end total lost of $417 in April to -$65 in May and profit of $20.90 in June 09. Just to note… I have to deduct $100 because I added another $100 into my FXDD account to start trading Forex Barometer.

Overall my last half month was a failure. I have taken myself back $225 from my objective to recoup my initial capital. I am really hoping to break even by the end of this year, which is my target and goal for 2009.

And once that is done, my target is to recoup my initial investments on buying all these forex EA by mid 2010. Subsequently start profiting after mid 2010.

Bold? I don’t know… but at least it’s a goal.

Read the rest of this entry »

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…

I was really procrastinating doing this update. I am so ashamed and do not want to accept the fact that May 09 was not as profitable as I wanted it to be.

Plainly… it was again due to stupidity. Sighh…. oh well… it needs to be done so that I can review previous month and correct it again this month.

Here is my result for end May 09

Read the rest of this entry »

Call it coincidences or whatever it maybe. Over the past few days has been pretty interesting. EA Boss, FAPTurbo and FPA. I must admit it was pretty interesting.

But my focus is still the bottom line in my live account . Wanted to post this but I was busy trying to get my demo running and my live account ready for this week. Added one or two new EA on my account… Now it is rock and roll time!!!

Anyway…. back to my main story. FAPTurbo contacted me a few days ago… We exchange an email or two…. And we agreed on somethings.

While I still doubt as to who are the guys behind FAPTurbo, I again will state that I do not doubt the product. I am currently using it and still using it. While it is not perfect these past month… I believe it would continue to make money. As long as I keep to the 2% rule, I should be alright.

Anyway, I propose a thing or two with them and they agreed. I in turn have to take down the open source code of FAPTurbo from my site.

I also told them the truth about me knowing how to crack their ID KEY. They did not bother. I would take that as they are alright with it. As long as I don’t distribute this ID KEY keygen.

So the deal was strucked between us… Funny huh how this goes… but who cares….

Read the rest of this entry »