Martingale Strategy

Filed Under (EA System, Journal) by Casey on 01-06-2009

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This first order of business when I started to do backtesting was to backtest Cyborg EA. On top of that, I was also backtesting another EA PipMaker V3.15… (Open source edited to include Martingale Strategy)

Now PipMaker was a tough sucker to backtest. Why? Because it took like 2 hours just to backtest one currency pair… And it was not from 1999 till todate. It was from 01/01/2008 till 29/05/2009… My gawd! And I was backtesting it on both broker… Interbank and Alpari. Two of what I would say my main account.

Anyway… it was pretty interesting. Before I dive into the actual backtesting results. I wanted to express my view on Martingale Strategy.

Martingale system has been widely used in casino but I have never come across it until a few months back when I was looking into Forex Funnel. Did not dive into it until I got Cyborg EA. And did not backtest it until well…. last week when my penpal forwarded to me PipMaker V3.15

Martingale stategy is a really scary strategy. In casino using Martingale startegy, you double up your bet just to win 1 credit… This strategy was mostly used in Roulette playing black/red. You double up your bet when you lose your initial bet and continue to double up until you hit a win.

And you only win 1 credit… Here is a clearer explaination on wikipedia… Martingale Betting System .

And here is my personal experiences with casino roulette systems … (What can I say… I just love gambling) :)

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Beware!! Poison Can Kill!!

Filed Under (EA System, Journal) by Casey on 01-06-2009

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Thought I post this one quickly just to ensure everyone is aware…

These fu(kers are really quick don’t you think? I’ll let the images do the talking this time…. :)

Poison Robot = Euro Blaster

Whois on both sites…

EuroBlaster

Poison Robot
So we know Euro Blaster came out first…

Now let’s take a look at the codes… shall we??

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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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Organizing Demo

Filed Under (EA System, Journal) by Casey on 02-03-2009

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Phew… I never knew demo-ing a few EA can be quite tough or rather tedious.

Well, I have been trying to demo test other so called Best Forex EA around to see if they are actually the ‘Best’ forex EA.

Ok, granted I am a scum because these forex EA are EA which I was able to download for free. Anyhow, scum as a scum can be, I needed to find out if it is actually as good as they say.

Initially I started out dumping a few EA on one demo account with different lot size as a way to identify if it was profitable at the end of my test period. But this is too tedious so I scraped that idea and a few weeks of demo testing.

Now I have open 6 demo accounts on three main broker that I believe to be interesting.

FXDD, Alpari and Masterforex.

I dismiss Interbank is because I notice, on other forex review, interbank does not seem to show very profitiable result for EA tested on them. My first hand experiences with Interbank with FAPTurbo also did not yield such encouraging results.

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FAP Turbo

Filed Under (EA System) by Casey on 21-01-2009

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I guess it is about time to write about FAP Turbo EA . This EA is placed and activated on my Alpari account. And I must say, it is one of the best performing EA so far for me. I bought FAP Turbo when it launched (26 November 2008). I had two main criteria when buying an EA. One is they show a backtest since 1999 which would probabily show that it should weather any market condition. Secondly there were some forward testing result. Whether it was genuine or not, it should not matter.

On top of that, it is hosted with Clickbank. So safe to say that i have 8 weeks to test it out. Well, it has been 10 weeks already and I must say I am pretty happy with the results.

Results were very good and this would be one of he EA which I will be promoting here. :)

Here is the summary (Click here for my statement ) from the day I bought the EA 26/11/08 till today 21/01/09 about 10 weeks of trial. Had $259 when I started and at present it is about $315 (due to recent stop loss triggered). But at this moment it is a 21.6% return in 10 weeks. Not bad no??

It would have been even better if the I did not have a total stop loss triggered that took out $50bucks off me. If not it would have been over 40% return in a 10 weeks.

But that is how it is… Slowly and surely. I guess it is too early to say if it’s the best. But so far it has been the consistent.

Now a few things to note. In my previous post ‘Not all Broker Are Created Equal ‘ I stated the performances of an EA systems difers from one broker to another. And this is so true with FAP Turbo.

I did two test before they started implementing licences for one EA to one broker. (What a great way to make more money). Anyway.. before they implemented that, I manage to test it out on my other broker Interbank. And result were good but not as good as it is with Alpari. While in my Alpari account FAP made a good number of trades, Interbank account FAP made about a handful of trades, almost a ratio of about 8 to 1.

I wanted to test it out further but before I could that, they ask me to pay for an additional licences if I wanted to it on a second broker account. Will it is unlimited for demo account. Since my Interbank account is live with my other EA, I did not see that it was  a great idea to test FAP on a demo account.

Anyhoo… another thing to note I also wanted to see if it works on the same account using the same currency on different chart. Now the only way for me to do this is to use a different magic number. I believe that is what magic numbers are for. It is to ensure that you trades are easily differentiated by the EA.

Again, it does not take the same trade. If you see my results are the beginning this week, 19/01/09 you will notice EURCHF has two different lot size, 0.02 and 0.01. This is how I differentiate that the two EA on the same currency with two different magic number behaves. And in this sense it is not as consistant as I would hope for.

But……………………… having said that, it is still profitable. While I am not sure how profitable it is on other broker, I do know that it has been profitable for me.