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 »

If ever I were to use my analogy on the art of kungfu accurately then I would say this would be the best example that clearly showed what my gambler friend was saying…

Learn, observe and kick the bag… if it failed then I should relearn, observe and kick the bag again with a different style…

I have taken Cyborg EA tested it live, got slapped in the face, took BestSniperForex EA tested it live, got kicked in the nuts, relearned everything about martingale, mutate it a bit and applied it differently from a different perspective and this is what I got… A mutated Cyborg version which I have renamed it Lovely Megan.

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Here is another boring post on backtesting results with Best Forex Sniper… I have found a few more currency pair which needs to be considered…

AUDCAD, AUDCHF, CADCHF, CADJPY, EURNZD, EURUSD, GBPUSD, NZDCAD, NZDCHF, SGDJPY, USDSGD, GBPAUD, NZDCHF

Get ready… here are the results… Read the rest of this entry »

While I continued my back testing on a few more currency pair, I was planning my next course of action to this Martingale strategy. Since I believe I got the currency pair covered… ok… more or less got the currency pair covered, I also needed to address the main issue to continue with this strategy forward.

Capital outlay with the big C

Looking back at the nature of the risk I am willing to take with this strategy… for each currency pair, I need to have at least $10k… risking around 3,500 every time… would equal to 35% of my capital. This would of course be reduced every time I successfully accumulate my profits and grow my capital and continuous maintained my lot size to be at 0.01.

Thus… this is where I am stuck!

I do not have $10k with me at the moment. So what am I going to do? $hit!

However having said that… there is always a way around it. If I were to change $10k into 10k cent… it would make sense to trade 10k sense… going on a 0.01.

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So… what else can I say… I have still not successfully claimed my place in the automatic forex world. It is sad… really sad. But I can not give up.

After my ranting a few days ago. This is my forex position at the end of July 09

What was filled with hope ended with dismay… Four months of continuous lost. Not good… not good at all…

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I had previously did some testing on this EA, but never got around to write something about it…

Well I guess today would be a good day to do just that. Forex Shocker has already been around for sometime. Some people say it is a good EA some people say it is not.

Looking at it’s website it is not a shocker (pun intended) that it is a scalping EA…

Here we go again… another scalper. I thought to myself… Ok…. this could be fun. Why? Because if it does not work in the original mode… then I could probably reverse it….

Either way now… I have options.

Anyway, let’s get back to the issue at hand. Let’s have a look at the backtesting results and see how well this EA will shock the forex world… 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.

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Yes… that is what I did with my FXOpen broker account. I went into the Dojo and tired to whip some pips ar$e with the Dragon. But… unfortunately, the outcome was not as exciting as the movie by Bruce Lee…

Well, two weeks ago, I stumble upon this statement on the forum. http://save2009.mt4live.com/ I was pretty impress by how he manage to turn his misfortune firstly via Enterra and then midway… changed it to DragonPips…

This guy confirmed that he was using his FXOpen account. So what else… like a monkey, I followed… And yes… I used it live. How can’t I not put this live? My FXOpen is a micro account. All I am earning are cents, surely the time spent on demo testing it on this broker would not justify the cents I could or could not be earning….

Ok… ok… for the sake of this blog. of my live account..  The least I could do is to backtest it. So now I shall produce my backtesting results…

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It’s confession time. At times I like to have a quick wank at forex. It is becoming too often and very scary and I believe I need to see a doctor about it…

You see… last thurday I thought I could get away with a quick shot on profit with Cyborg EA. I mean… hey I seem to be getting quite a good winning streak on my IBFX account with Cyborg. So… why not…

The uttering of these two word ‘Why Not’ drew the devil inside of me. On top of that my chinese blood in me just had to scream ‘Punt! Punt! Punt! Punt!’

Gawd dang!! I am just sooooo weak…

I said to myself JUST one or two punt for that day. My luck could not be that bad right? I mean looking at how well Cyborg has been performing

So there I was… ok… maybe it wasn’t me. But somehow something happened and I move my risk level to 5% from my current 1% of my trading balance with Cyborg… ON ALL THREE CURRENCY PAIR!!

As the day have it… two trades were triggered at 0.56 lots on a $600 account balance going on a Martingale strategy on the first degree going up to 4.72 to the fourth degree!!

Who says this is not crazy risk, please raise up your hand?

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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

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