“Rem”ing The Brake On Xtreme Turbo

Filed Under (Journal) by Casey on 06-07-2009

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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 »

Rising Profits

Filed Under (EA System, Performance) by Casey on 19-05-2009

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This deserve some attention… Forex Rising.

I have been demoing Forex Rising for quite a while now…. Ok it was just two weeks. The concept of forex rising still took to me, and thought I would try it on other pair. Everyone knows that EURGBP are very common. So common that spread are usually widen during asian hour. Have you ever notice FAPTurbo is getting very few trades on EURGBP?

Anyhuuu…. Because the concept of Forex Rising was so interesting.. I took it a step further to test it on two very or use to be popular currency pair. EURUSD and GBPUSD. Change the settings a bit… and what do you know.. I believe I found the perfect harmony.

This test was done, between 30 April 2009 to 19 May 2009 @ 0.1 lots. Apparently it only works well on my FXDD demo account. Tested on IBFX and it was shit! Going to retest this on Alpari and FXOpen, when I have enough computer resources to do so.

This test has made me $132.16. Sighh… if only it was real money.

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Performance as of End April 09

Filed Under (Journal, Performance) by Casey on 05-05-2009

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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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Forex Rising or is it PiptronicX

Filed Under (Journal) by Casey on 29-04-2009

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I just publish a post about forex rising. I drafted it over the weekend and though of publishing later this week. But a Dr had somehow contacted me with regards to Forex Rising as he is following closely my live account especially on my FXDD account.

The Dr pointed and though me something new… :)

He though me that on any MT4 statement published, if you hover your mouse or cursor on the order number, you are able to extract the comments posted on each specific trade. That’s really neat… I did not know that.

And this is what he pointed out to me..

Go to forex rising page and then check out the result shown on it’s forward result with InstaForex (http://www.forexrising.com/results/forwardtest_multi43391.htm) Hover around the order number and you will get a pop-up saying PiptronicX.

Unfortunately my printscreen can not capture this event of the cursor popup. So I can not document this. Maybe this will show something.

So I was trying to find what this PiptronicX is all about. And it seems that piptronic release a new version Piptronic 2.0 version (can’t wait to demo test this out again) So again, I manage to get my hands on the updated version and was surprise to see that in the latest release Piptronic included Piptronic 1.0, 2.0 and PiptronicX.

Dum de dum… decompiled it and compare… And what do you know??

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Forex Rising

Filed Under (EA System, Journal) by Casey on 29-04-2009

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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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Backtest Bummer

Filed Under (Journal) by Casey on 14-04-2009

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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….