I had a nice chat recently with a fellow friend of mine and we touch on being ethical and morally right about the internet. Gee… it’s the internet. How do you draw the line of what is ethical and morally right?

I told him about my site and about the new membership page which I just set up and how I was in a dilemma.

And it was no coincidence that a few visitors on my site who had shared with me their EA spoke about my member access page that some of the EA should not be shared.

So how do I go about it?

I mean sharing is the KEYWORD these days on the internet. Piracy or copywrite material is blurred out when it comes to the internet.

Take REMExpert for example, I had clearly proven that it is a ripoff of FAPTurbo. And mind you FAPTurbo is not as straight as one would think. EA wise it works, I have shown how FAPTurbo profit for me. I have shown how REMExpert seems to be an improvement.

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Ok… it took some time but I have some results of comparison between these two EA.

As reported in my previous post, Reverse the Reverse and Dumb Way to Reverse . REMExpert could be an improvement to FAPTurbo after discovering that REMExpert build itself from FAPTurbo.

My live demo test started on the 16 April 2009 till to date 29 April 2009. And the summary result goes like this

REMExpert manage to pull in 253.4 pips with 36 trades taken while FAPTurbo manage to pull in 156.3pips with 27 trades taken.

Differences of 97.1pips at a trade differences of 9 trades.

Please note, in order to make as accurate as possible, I did not trade the extra currency pair which REMExpert can take.

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I would like to apologies to those who wrote in and am still waiting for a reply from me. Over the past few days I have been ignoring my emails. It’s difficult to balance everything all at once. Life, friends, family, work and of course over the past few days the emotional roller coaster ride of the market.

Yes, like many of you out there using FAPT…. I too have been hit by recent losses. But not as bad as what these guys have written to me… I have received numerous emails request asking me for REMExpert… Maybe because I have mentioned that it could be an improvement to FAPT… Well, I will write more about that soon.

But I must say, it’s not that I do not want to response to their request. My blog is not at all popular, and emails request is pretty manageable. It’s just trying to find a balance… Hmmm…. ok… it’s not about finding a balance. Maybe it’s about licking my wounds a bit… Ok Ok… licking my wounds greatly.

Like most of you, because of some losses. One tends to start searching for answers in other areas. Most of them who read my blog are now looking for REMExpert to be their savior.

I too was looking for an avenue to run away from the losses that hit me, and had to ignore all the email requests. How do I fulfill other peoples request when even my own search for some direction or answers have not been found.

Anyway, while licking my wounds of losses. I also started to do some thinking…

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I previously posted Dumb Way to Reverse , which was about REMExpert which was how it was a reversed engineered EA of FAPTurbo…

I like to take back the word Dumb from that title….

Well, a fellow internet friend brough to my attention that it is a really good EA. It’s expensive but good. He said that it could be even better than FAPTurbo.

I was like stunned! Better!!! Wow!!

So… he was kind enough to forward to me a copy. Decompiled and…. and… erm tested it…

I must say… I was pretty impressed.

You see, FAPTurbo does not actually take trades from GBPCHF because of the high spread but REMExpert do.. On top of that, it trades an additional pair USDCHF with good results… I manage to only test GBPCHF nad USDCHF last Thursday… It was interesting. 4 trades all wins even when the spread was high!

I still have not testing it long enough on the other common FAPTurbo pair of EURCHF, USDCAD and especially the famous pair these days EURGBP. But I have to admit… It was not a dumb reverse engineered. It was actually an improvement taking into account that they were using FAPT codes.

So to really say that it is a total improvement to FAPTurbo… I will test it out again this whole week. I want to see if the behaviour is the same. I am running both FAP36 alongside RemExpert… on EURGBP since this the most interesting and hot pair these days.

Still $750 a pop!! That’s crazy money… Even if it was an improvement… It’s either FAPT increases it’s price or RemExpert have to reduce it’s price…

Hmm… maybe John can report this to his boss and then make FAPT improve on their codes.. So you can get the best of FAPT and REMExpert in one at the price of $147?… Now that would be great isn’t?

Or one can just get it for…..

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 have said this many times but I guess it does not hurt to say it again… Anything is possible with the internet.

A few days ago, a visitor to my site asked me to check out this site… http://www.buyexpertadvisor.com/.

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This is an itch that I just got to scratch… I wanted to stop all this BS after my last post and concentrate on the main reason why I set up this blog… I want to find the best EA and start profiting from it. Bad week this is and had to take some evasive action on my account if not it would be in deep sh!t again… I mean in terms of my equity balance that is…

But after browsing a few forums, it just confirm my cynicism about all this most of the EA you see on the market.

I mention before there was something not right about Forex Maestro and Forex Fantasy… now comes this new EA on the market…

Pipcop.com has confirmed that Forex Maestro is a SCAM . Firebird is the key to all of this… I believe Firebird is an EA worth checking out in more detail. It is performing very well… and best of all IT IS FREE!!!

And this a$$hole wanted to rip it off, rebrand it and try to profit from it by selling to other people when you can actually get FOR FREE. And he may have gotten away… But that is not the itch I want to scratch…

Anyway there is this new ea that is in the market……

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Sometime ago.. I written an article ‘Finally Decompiled’ which was interpreted as a ‘how to crack’ article. It was deemed to be revealing to much and subsequently the articles was reported and my suspended my account for about 2 hours. When I found out about it, I manage to call support and they guide me through their guideline of what can and what can’t be used.

Again… my writing wasn’t articulated well and my english… well it could be better. And probably I was a bit tad arrongant… I mean I felt that I was the first one to discover the way to unlock the ID KEY to the best forex EA (from my point of view) without reversing the codes too much.

So below will be the edited version of my previous article. This is being edited for clarity purpose and to only show how I open up a ‘toy’ to see what is inside. And to show and explain the flaw the exist in this ‘toy’ . I will try to write my article in a way that it will not cross the border of ‘how to crack’ or anything to do with ‘hacking’

Fortunately for me, the word ‘decompile’ is allowed by my webhosting company…

So here goes…. Let see if this edited version will get my account suspended again…

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Yes John… you have won the this battle…

I’ll admit and will yield to you… The post has been deleted. Yes, I did not know the rule of engagement then. My points were there but how I articulate it was lousy. Lesson learned.

Now I know… The post will be edited… and will be reposted soon with the blessing from my webhost.

Tell your employer you have force me to reveal my ACE…. Obviously it won’t be here… and probably you might not care. Because you have made your money… So let us make ours.

On a lighter note… FAP does very well for me and I DO HOPE THAT EVERYONE WHO VISITS MY SITE WILL KNOW HOW PROFITABLE IT IS AND HOW THEY CAN GET THEIR COPY WITH ‘EASE’ .

Internet is amazing…. you never stop learning.

John… are you there?? Just so you know… this is not my work… Someone pointed this out to me this morning…

Yes, someone has uploaded the files… I downloaded it and verified that it is my files. How I know? Because in the source code, I inserted a comment on how I cracked the License mode.

Hmmm… I wonder why this person did not upload ver37?? Oh… the ver37.exe file is not mine so becareful… it’s an exe file so it might be contaminated… Becareful what you donwload from the internet…