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Showing posts with label robot. Show all posts
Showing posts with label robot. Show all posts
Thursday, May 5, 2016
Tuesday, May 3, 2016
FOREX SUPREME ROBOT Holy Grail ~ forex trading system
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You are trading on the forex market. Losses, losses and loss. You have a trading system not effective. You spend too much time sitting hugging computer, watch market movements and results are still losses.
Keep calm and read the following article. I believe it will change your current results
Forex Supreme Robot : Excellent warriors, to help you win on the forex market.
You will not have to sit the computer for hours, not unnerved when market strong volatility. All had warrior robot working for you.
Your job to do is set up to warriors active. Less than ten minutes to complete. Youll have more time for family. Do less and make more money
Commitment do not exaggerate the truth. You can visit here for more information.
FOREX SUPREME ROBOT is for you. You completely assured when using it, and the effect that it brings. 100% money back guarantee.
Greatest foolishness is still doing exactly the same things but expecting new results!
Life changes when you change!
View video about FOREX SUPREME ROBOT
forex trading system
Keep calm and read the following article. I believe it will change your current results
Forex Supreme Robot : Excellent warriors, to help you win on the forex market.
You will not have to sit the computer for hours, not unnerved when market strong volatility. All had warrior robot working for you.
Your job to do is set up to warriors active. Less than ten minutes to complete. Youll have more time for family. Do less and make more money
Commitment do not exaggerate the truth. You can visit here for more information.
FOREX SUPREME ROBOT is for you. You completely assured when using it, and the effect that it brings. 100% money back guarantee.
Greatest foolishness is still doing exactly the same things but expecting new results!
Life changes when you change!
View video about FOREX SUPREME ROBOT
forex trading system
Monday, May 2, 2016
Forex Expert Advisors Forex Wealth Robot an Unbiased Review ~ forex trading live chart
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It seems that new robots keep comming out everyday ! A few days ago someone left a message on the websites chat asking me to review a new forex trading system called Forex Wealth Robot. In order to honour this visitors request I will be writting about this trading system today. Within the next few paragraphs you will find my analysis of the evidence provided on the systems website. I will talk about the reliability of the evidence and if it can or cannot backup the authors claims about the systems profitability. I will then examine the evidence in detail and give you my opinion about the Forex Wealth Robots profitability and whether or not it is actually worth buying and testing. Is this expert advisor able to deliver consistent, huge profits in forex trading ? Can it live up to its work ? Is there actually proof to backup the authors claims ? Keep reading to find out !
The website starts with a very misleading statement, telling you that you could make more than 8K in one day in 2010 with "default settings" however no reference is ever made about initial trading capital or the risk taken to bank those 8K. It always upsets me that these EA sellers target new traders in such a blunt and bold faced manner without any ethics or honesty. The claim made of an 8K profit in one day simply makes no sense. Besides, the fact that there is no evidence that this trade was EVER taken in the real market points out that this trade was never placed and no one EVER banked those 8K.
The Forex Wealth Robot does not do any better after this, the rest of the website talks about an obviously false story about a guy who worked for a "huge bank" and "stole" their automated trading system only to make a metatrader EA and sell it. Yeah right. But well, I dont care about the story as long as the evidence provided is able to backup the sellers claims about the systems profitability.
However, when we look at the available evidence of profitability we find - sadly and not surprisingly - only backtesting results which dont have even full statements available. All we see are pieces of backtesting statementes which are portrayed as being results of live trades. This is absolutely dishonest as it is misleading people not familiar with the statements to believe that the system was traded live and made those profits when the reality is that those trades were NEVER taken on any live account. The messages on top of this hand-picked sections of the backtest are also cleverly placed to hide SL and TP values, reason why we cannot truly estimate the trading tactic or risk to reward ratio of the system.
Evenmore, the extent of the backtesting periods shown is not known and clear 10 year backtesting statements are simply NOT available. There is also a total absence of any live testing information so we cannot trust the validity of the backtesting results as live/back testing consistency results cannot be taken into account. In the end, this trading system seems to be a lot of hype and a complete absence of any real and reliable evidence. Due to the misleading picturing of information, the complete absence of full backtesting statements and - more importantly - due to the TOTAL absence of investor-access verified live trading results, this trading system is DEFINITELY NOT worth buying and testing. This guy who is a so called "proffesional" does not even trust his system enough to risk his own money, he doesnt show any real evidence of his supposed "success" with the system neither does he show his "beta-tester" results, which SHOULD be available according to the story. This truly is not only a display of an untested and very hyped system but a perfect example of dishonest and unethical behavior.
If you would like to learn more about automated trading and how you too can learn how to trade with a high like hood of long term profitability using automated trading systems please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
The website starts with a very misleading statement, telling you that you could make more than 8K in one day in 2010 with "default settings" however no reference is ever made about initial trading capital or the risk taken to bank those 8K. It always upsets me that these EA sellers target new traders in such a blunt and bold faced manner without any ethics or honesty. The claim made of an 8K profit in one day simply makes no sense. Besides, the fact that there is no evidence that this trade was EVER taken in the real market points out that this trade was never placed and no one EVER banked those 8K.
The Forex Wealth Robot does not do any better after this, the rest of the website talks about an obviously false story about a guy who worked for a "huge bank" and "stole" their automated trading system only to make a metatrader EA and sell it. Yeah right. But well, I dont care about the story as long as the evidence provided is able to backup the sellers claims about the systems profitability.
However, when we look at the available evidence of profitability we find - sadly and not surprisingly - only backtesting results which dont have even full statements available. All we see are pieces of backtesting statementes which are portrayed as being results of live trades. This is absolutely dishonest as it is misleading people not familiar with the statements to believe that the system was traded live and made those profits when the reality is that those trades were NEVER taken on any live account. The messages on top of this hand-picked sections of the backtest are also cleverly placed to hide SL and TP values, reason why we cannot truly estimate the trading tactic or risk to reward ratio of the system.
Evenmore, the extent of the backtesting periods shown is not known and clear 10 year backtesting statements are simply NOT available. There is also a total absence of any live testing information so we cannot trust the validity of the backtesting results as live/back testing consistency results cannot be taken into account. In the end, this trading system seems to be a lot of hype and a complete absence of any real and reliable evidence. Due to the misleading picturing of information, the complete absence of full backtesting statements and - more importantly - due to the TOTAL absence of investor-access verified live trading results, this trading system is DEFINITELY NOT worth buying and testing. This guy who is a so called "proffesional" does not even trust his system enough to risk his own money, he doesnt show any real evidence of his supposed "success" with the system neither does he show his "beta-tester" results, which SHOULD be available according to the story. This truly is not only a display of an untested and very hyped system but a perfect example of dishonest and unethical behavior.
If you would like to learn more about automated trading and how you too can learn how to trade with a high like hood of long term profitability using automated trading systems please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading live chart
Sunday, May 1, 2016
Steps to Design a Likely Long Term Profitable Trading System ~ forex trading legit
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To tell the truth, making a likely long term profitable trading system is a very difficult thing to do. When you search online for people who attempt to design profitable trading systems you will find that most of them dont have a mechanical, well-thought approach to system design and the final achievements are usually based on an initial "thought" based on repetitive and almost constant modifications to eliminate short term draw down periods which are natural to long term profitable systems. In the end, the result is a set of dangerous systems - sometimes without even accurate simulations abilities - that will put account equity at a very important risk of long term total loss. On todays post I want to write a little bit about my steps in system design and the main characteristics of my mechanical approach to sound trading system development.
So where do we start ? You will see that most traders who have never coded a likely long term profitable system will start by coding a given entry logic found on a forum or studied briefly through limited demo trading or visual backtesting. What they do then is assign a fixed lot size to trading and some given - almost always arbitrary - stoploss and profit target values with no particular extensive study. What you get then is a system that has no possibilities of success and which is flawed from the beginning since it has no adaptation, no real sound studies behind it and simply not enough focus on money management (which is lot sizing plus exit logic). This is revealed when traders start to put these systems to the test but instead of looking at the development process as a source of the problem they usually end up adding unsound tactics - such as martingales - over optimizing their exit values, adding complexity to the entries and other things which in the end lead to the generation of a system - which is simply - very bad.
First of all, there are probably many ways in which successful system design can be approached. I am going to discuss mine because it has worked for me and has led to the generation of many long term profitable systems but you should use my approach only as a guide to develop your own way of tackling the system design problem, as something different may work better for you.
What are the necessary steps to successful system development ? I have prepared a practical diagram (click to enlarge) showing you graphically the process I take in order to develop trading systems - including all those within the Watukushay Project - and all other experts. You will see that the first step I take is a design of an entry logic followed by a mathematical expectancy analysis which defines the trading systems potential. If the mathematical expectancy analysis is not positive, then I modify the entry logic or the evaluated number of periods and time frame until I am able to achieve a positive value. Most people would be surprised to know how little importance the entry logic actually has as most entry mechanisms have some degree of positive mathematical expectancy on different time frames or periods. The problem with the usual system development tactic used by most new traders is that they dont do a mathematical expectancy analysis at all, therefore, they truly dont know the potential of their system or if it is being used on the adequate time frame or if they are targetting adequate profit and loss values per trade.
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-After doing this analysis - and having positive results - I continue to develop the systems money management which will be the KEY to the systems long term profitability. Using the previous mathematical expectancy analysis I figure out what exits (as adaptive TP and SL) and what time frame will be the most beneficial to my system, always taking care to use time frames and profit targets to preserve the reliability of the simulations being done. Defining an adaptive lot sizing technique which modifies positions against both balance and volatility is also vital to ANY trading systems long term success. Many people underestimate the HUGE importance lot sizing has, having a fixed lot size or adapting lot sizes against a fixed percentage of account balance is a death sentence for most trading systems.
The next steps are probably the most important and the ones new traders and most designers never do. You need to do a 10 year backtest and then a TRADE BY TRADE analysis of the results to design adequate internal exit logic mechanisms to increase the profitability of the systems. After you introduce a new trading logic you need to check if the expected payoff (which measures the relationship between profit and draw down) is increased. If it is not, then you need to go back to a TRADE BY TRADE analysis until you come up with a logic that works.
After you find a closing logic that increases the expected payoff you need to optimize variables in an uncorrelated way - one by one - with large steps to prevent any significant curve fitting that may happen (some variables however, like the SL and TP adaptive criteria, may be optimized in a correlated fashion). After this is done you need to evaluate your results and ask yourself if you are satisfied with the draw down and profit targets of your system. If you are, then you are done. If you are not, then you need to go back and analyze TRADE BY TRADE a 10 year backtest to come up with other closing mechanisms to increase profitability.
I believe that this approach, which attempts to increase system profitability through analysis and sound development is incredibly powerful at generating long term profitable systems. Usually people focus way too much on the potential of the trading strategy - the development of entries - when in reality very simple entries have very good potential and only the development of adequate exit mechanisms really guarantees that large profitability levels are achieved. If you see the graph, most of my efforts are around the development of profitability as only the initial mathematical expectancy analysis is devoted to potential.
In the end, profitable system development is NOT easy and requires many hours of hard work and development. Each analysis of a 10 year backtesting result can take me hours - sometimes even days - of work but in the end this analysis is absolutely necessary as it gives me the understanding necessary to implement good exit criteria that will bring my systems to new profitability levels. All this effort that goes into development also allows me to deeply understand my systems and trade them with confidence under very varied market conditions.
The above way of developing systems has allowed me to develop several expert advisors which show success on 10 year backtests and also on live trading accounts, adapting to changes in market conditions and tackling true market inefficiencies. If you would like to learn more about system development and how you too can develop your own long term profitable systems to achieve success in forex trading please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading legit
Forex Expert Advisors Turbo Robot an Unbiased Review ~ forex trading long term
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Today I found out a new robot which has been recently released into the forex automated trading arena. This trading system - called turbo-robot - promises to deliver consistent profits with unrivaled profitability, low draw downs, diversification and overall, just awesome results. Within this post I intend to review this trading system, specially the evidence provided by the author and whether or not this evidence is able to backup the authors claims of profitability. I will also look into this evidence and through my analysis tell you if I think the system has the potential to be long term profitable. After evaluating all these different aspects of the strategy I will then conclude my review by telling you whether or not this trading system is worth buying and testing. Is the turbo-robot up to the challenge of forex automated trading ? Lets see.
The turbo-robot website starts with the usual speech telling you how most robots suck but this robot is the best you will ever find. The author points out that the problem is that people should look for consistent profits and not systems that just make profits and then wipe accounts. Then when we turn to look at the evidence this system may have to prove that it is actually profitable we find nothing but the usual faulted tests.
This forex automated trading system offers backtesting results as the only proof of profitability. However not only does the author only offer these tests but the statements from the tests are not actually shown so things as simple as the actual time period of the tests, the average risk to rewards ratio, maximum draw down, etc, become absolutely useless. Then we are faced with something even worse which is the fact that the modeling quality of the tests is not 90% but n/a. This means that the simulations are not accurate since either 1 minute data was not used for modeling or a lot of mismatch errors occur within the test.
The author then shows us a part of the backtests which are supposed to be a part of the graphs shown. We do find that the system has a very favorable 1:5 risk to reward ratio which is absolutely great for any trading system. However since we do not have access to the actual backtesting statements it becomes absolutely impossible to determine whether or not this is the average risk to reward ratio or just the outcome of a few trades.
There is also an additional problem pointed out by the people at project4x which say that the backtesting results are NOT reproducible and that actual reproduction with 90% modeling quality generates nothing but loses. I think that this not surprising given the fact that the tests made available by the author of the turbo-robot website do show an n/a modeling quality pointing out that the results shown by them are the result of errors introduced within the data (or the lack of accurate data) and therefore their tests are nothing but meaningless and useless.
I believe that the people who setup this website and put up the tests are either very ignorant of how automated trading systems work and how to run simulations or they are doing an elaborate and conscious effort to deceive buyers. In either case the lack of any investor access verified live trading results and the lack of back testing statements does point out that the sellers are not being fully open but absolutely dishonest with the websites visitors. In the end, the overwhelming lack of any reliable evidence and the absolute lack of completness and accuracy of the evidence presented I consider this system NOT worth buying or testing. In the future, I would recommend the people at turbo-robot to consider their audience less retarded and do their homework regarding proper backtesting and the ABSOLUTELY necessary posting of FULL backtesting statements and investor access verified live trading results. If they are not willing to risk their own money on their own "wonderful" system, why should you ?
If you would like to learn more about my teachings in automated trading and how you too can design and trade your own long term profitable systems based on realistic profit and risk targets please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
The turbo-robot website starts with the usual speech telling you how most robots suck but this robot is the best you will ever find. The author points out that the problem is that people should look for consistent profits and not systems that just make profits and then wipe accounts. Then when we turn to look at the evidence this system may have to prove that it is actually profitable we find nothing but the usual faulted tests.
This forex automated trading system offers backtesting results as the only proof of profitability. However not only does the author only offer these tests but the statements from the tests are not actually shown so things as simple as the actual time period of the tests, the average risk to rewards ratio, maximum draw down, etc, become absolutely useless. Then we are faced with something even worse which is the fact that the modeling quality of the tests is not 90% but n/a. This means that the simulations are not accurate since either 1 minute data was not used for modeling or a lot of mismatch errors occur within the test.
The author then shows us a part of the backtests which are supposed to be a part of the graphs shown. We do find that the system has a very favorable 1:5 risk to reward ratio which is absolutely great for any trading system. However since we do not have access to the actual backtesting statements it becomes absolutely impossible to determine whether or not this is the average risk to reward ratio or just the outcome of a few trades.
There is also an additional problem pointed out by the people at project4x which say that the backtesting results are NOT reproducible and that actual reproduction with 90% modeling quality generates nothing but loses. I think that this not surprising given the fact that the tests made available by the author of the turbo-robot website do show an n/a modeling quality pointing out that the results shown by them are the result of errors introduced within the data (or the lack of accurate data) and therefore their tests are nothing but meaningless and useless.
I believe that the people who setup this website and put up the tests are either very ignorant of how automated trading systems work and how to run simulations or they are doing an elaborate and conscious effort to deceive buyers. In either case the lack of any investor access verified live trading results and the lack of back testing statements does point out that the sellers are not being fully open but absolutely dishonest with the websites visitors. In the end, the overwhelming lack of any reliable evidence and the absolute lack of completness and accuracy of the evidence presented I consider this system NOT worth buying or testing. In the future, I would recommend the people at turbo-robot to consider their audience less retarded and do their homework regarding proper backtesting and the ABSOLUTELY necessary posting of FULL backtesting statements and investor access verified live trading results. If they are not willing to risk their own money on their own "wonderful" system, why should you ?
If you would like to learn more about my teachings in automated trading and how you too can design and trade your own long term profitable systems based on realistic profit and risk targets please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading long term
60 Second Scalping Pip Extraction Perfection ~ forex trading platforms
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Im going to reveal a simple scalping system that will give you 40+, 50+ and 80+ pip days...even before youve finished your morning coffee. - 60 Second Scalping
This is exactly a money-printing machine. An unblievably easy scalping system:
1. It requires no “fancy” indicators (nothing to learn so you will have CONFIDENCE right from the start!)
2. It has just 3 rules (trade setups and entries are so simple that you will almost never make a trading decision again!)
3. It comes complete with Metatrader4 template (you will literally be up-and-running and trading within minutes!)
4. It comes with a simple, step-by-step manual (you can start mastering this incredible system within 25 minutes!)
Check out the details here !
forex trading platforms
This is exactly a money-printing machine. An unblievably easy scalping system:
1. It requires no “fancy” indicators (nothing to learn so you will have CONFIDENCE right from the start!)
2. It has just 3 rules (trade setups and entries are so simple that you will almost never make a trading decision again!)
3. It comes complete with Metatrader4 template (you will literally be up-and-running and trading within minutes!)
4. It comes with a simple, step-by-step manual (you can start mastering this incredible system within 25 minutes!)
Check out the details here !
forex trading platforms
Saturday, April 30, 2016
Forex Expert Advisors Forex Photon an Unbiased Review ~ forex trading las vegas
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Today another new automated trading system called Forex Photon has seen the light. Within this post I will look at this experts website and I will review its evidence. At first I will analyze the reliability and quality of the evidence provided and I will then see if this evidence is able to backup the authors claims. After doing this I will then do a careful analysis of the trading tactics according to the evidence and I will tell you my opinion about the experts potential of achieving long term profitability and whether or not this trading system is worth buying and testing. Is the Forex Photon trading system reliable ? Does it have a good like hood of being long term profitable ? I will try to answer these and more questions during the following few paragraphs.
The home page of the forex photon website makes some pretty strong claims about this trading systems profitability. The creators of the system claims the Forex Photon expert advisor to have very low draw down, profitability under any market condition and a very high winning rate, things which are easy to claim but actually very difficult to proof in the long term. They also state that they do "no marketing and no B.S" something which they do seem to try to carry out through the whole page.
When we look at the actual evidence of profitability available we see some very interesting things. We have 10 year backtesting results divided by years for several currency pairs, something which is interesting and actually worth congratulating the Forex Photon team for as they seem to be willing to do everything they can to prove their systems profitability. Nonetheless, this evidence show us some very interesting facts about the system like a risk to reward ratio close to 5:1. It is very interesting to say that systems which have unfavorable risk to reward ratios tend to be sensitive to a decrease in the winning percentage as they need a very high winning ratio to remain break-even or only slightly profitable. The fact that the average closing profit of the system is in the order of 5-6 pips points out that one minute interpolation errors are bound to be very important and the fact that the backtests are done on a 5 minute timeframe does not help either since the small number of reference points makes the highest real achievable modeling quality on this time frame only 50%.
In my experience systems like this usually have a great overestimation of the number of profitable trades and real trading usually shows periods of consecutive or nearly-consecutive loses which end up taking all the systems profitability. Also the fact that the TP is actually so small will make execution variables such as re-quotes, slippage and spread widening vital to evaluate true profitability.
However, the people at Forex Photon seem to know this and they also put up a myfxbook account showing us the "live" performance of Forex Photon. However, it is very worth noting that the live account shown does NOT have its investor access verified, pointing that the statement shown could be manipulated. I urge the people at Forex Photon to get their investor access verified to eliminate this possible doubt. Sadly, since multiple currencies are being used, a back/live testing consistency analysis is not directly possible from the "live" trading data shown. The winning rate on this "live" account seem to be above 83% but the testing period is just too small and simply not statistically relevant in order to think that the system could be long term profitable. A test of about 6 months would be needed in order to compare the trading system with backtesting results and see if the errors within the backtest account for all the experts profitability or if the expert can still remain profitable within live execution.
In the end - eventhough the intentions of the people at Forex Photon seem to be good - the trading system simply cannot prove yet that it has a high like hood of being long term profitable. The backtesting statements of this system, due to the very low timeframe, low TP and high risk to reward ratio are highly unreliable and only tests on live accounts over LONG periods of time can show if this system has or does not have true pontential. Since a high like hood of long term profitability cannot be proven yet, I consider this system not worth buying or testing, since simply there is no reason to believe that very large risks are not being taken as there could - and probably is - a large underestimation of loses in the long term on the backtests. If 6 month - 1 year investor access verified live tests which are directly comparable with backtests are provided then this evaluation could be done and we could accurately determine the actual extent of these problems.
If you would like to learn more about the design of long term profitable systems and how you too can make your own systems that can adapt to changes in market conditions and have a high like hood of withstanding the test of time please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
The home page of the forex photon website makes some pretty strong claims about this trading systems profitability. The creators of the system claims the Forex Photon expert advisor to have very low draw down, profitability under any market condition and a very high winning rate, things which are easy to claim but actually very difficult to proof in the long term. They also state that they do "no marketing and no B.S" something which they do seem to try to carry out through the whole page.
When we look at the actual evidence of profitability available we see some very interesting things. We have 10 year backtesting results divided by years for several currency pairs, something which is interesting and actually worth congratulating the Forex Photon team for as they seem to be willing to do everything they can to prove their systems profitability. Nonetheless, this evidence show us some very interesting facts about the system like a risk to reward ratio close to 5:1. It is very interesting to say that systems which have unfavorable risk to reward ratios tend to be sensitive to a decrease in the winning percentage as they need a very high winning ratio to remain break-even or only slightly profitable. The fact that the average closing profit of the system is in the order of 5-6 pips points out that one minute interpolation errors are bound to be very important and the fact that the backtests are done on a 5 minute timeframe does not help either since the small number of reference points makes the highest real achievable modeling quality on this time frame only 50%.
In my experience systems like this usually have a great overestimation of the number of profitable trades and real trading usually shows periods of consecutive or nearly-consecutive loses which end up taking all the systems profitability. Also the fact that the TP is actually so small will make execution variables such as re-quotes, slippage and spread widening vital to evaluate true profitability.
However, the people at Forex Photon seem to know this and they also put up a myfxbook account showing us the "live" performance of Forex Photon. However, it is very worth noting that the live account shown does NOT have its investor access verified, pointing that the statement shown could be manipulated. I urge the people at Forex Photon to get their investor access verified to eliminate this possible doubt. Sadly, since multiple currencies are being used, a back/live testing consistency analysis is not directly possible from the "live" trading data shown. The winning rate on this "live" account seem to be above 83% but the testing period is just too small and simply not statistically relevant in order to think that the system could be long term profitable. A test of about 6 months would be needed in order to compare the trading system with backtesting results and see if the errors within the backtest account for all the experts profitability or if the expert can still remain profitable within live execution.
In the end - eventhough the intentions of the people at Forex Photon seem to be good - the trading system simply cannot prove yet that it has a high like hood of being long term profitable. The backtesting statements of this system, due to the very low timeframe, low TP and high risk to reward ratio are highly unreliable and only tests on live accounts over LONG periods of time can show if this system has or does not have true pontential. Since a high like hood of long term profitability cannot be proven yet, I consider this system not worth buying or testing, since simply there is no reason to believe that very large risks are not being taken as there could - and probably is - a large underestimation of loses in the long term on the backtests. If 6 month - 1 year investor access verified live tests which are directly comparable with backtests are provided then this evaluation could be done and we could accurately determine the actual extent of these problems.
If you would like to learn more about the design of long term profitable systems and how you too can make your own systems that can adapt to changes in market conditions and have a high like hood of withstanding the test of time please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading las vegas
HLO2 with Automatic Robot Trading System ~ forex trading strategies
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A new trading system launched. That is HLO2 with Automatic Robot Trading System:
You will have the opportunity to buy at low prices and sell at the highest price. The intelligence multi time frame candle strategy , overbought/oversold that was confirmed by trend market direction and it works together with trade area channel Indicator.
See how it works here.
Who can trade with the system?
Newbie: I already saved as a chart profile including template and setting. So what have to do is only to place files in the right folder and load the profile. Done. More questions,read a manual or you can contact us.
Professional Trader: There are several options provided on the indicators and EA. You can explore your own experiences with new setting and see the results. Trailing Stop, Lot size, Money management, nPips Open, nPips Close, Take profit, Stop Loss and more.
HL02 EURAUD automatic robot trading system:
Let your money work for you with " HL02 with Automatic Robot Trading System "
forex trading strategies
Wednesday, April 27, 2016
New Trading Robot that always profitable ~ forex trading margin
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Tradewar Evenpro v1.2 Expert Advisor
Saturday, April 23, 2016
New EA released in (updated) that is Really profitable and secure ~ forex trading mlm
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forex trading mlm
Wednesday, April 20, 2016
Forex Expert Advisors Pro Forex Robot an Unbiased Review ~ forex trading kya hai
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This article will feature the last of this months released robots discussing the Pro Forex robot automated trading system. I saved this EA specially for last since there is some very special evidence about the dishonesty and unethical behavior of this seller. However I will leave this for the last bits of the review. First of all - and most importantly - I will evaluate the trading evidence provided by the author and whether or not this evidence is able to backup the authors claims of profitability. I will then go through the evidence to analyze the Pro Forex Robot trading technique and at last I will give you my opinion about whether or not this expert advisor is worth buying and testing. Can you flip a coin and pull a winner at least one of six times ? Well see if the website is able to proof that the EA can do this.
When you look at the evidence of profitability provided by the author immediately two things come to mind. Backtesting and Martingale. This trading systems only evidence of profitability are 3 year backtesting statements using a martingale trading tactic. I have to state here several of the problems of this evidence starting from the fact that backtests from EA sellers cannot be trusted due to the easy way in which they can be manipulated to introduce either curve-fitting or pre-engineered results through hindsight (yes, weve seen experts coded to trade certain ways for certain years). The fact that the backtesting is limited to 3 years also points out to a dangerous path around curve fitting. Why not backtest this system for the past 10 years ? If it is supposed to be so profitable, then what is the problem ?
The answers to this question does come easily. The only reason why sellers limit their backtests is because their previous results show unprofitability, wipeouts, etc. Otherwise there wouldnt simply be a reason to do so. Now, the fact that this guy relies on a Maringale trading technique is also pretty scary. Many folks out there trade with Martingales and eventually lose their accounts, Martingales do not work and they will never be able to be consistent in the long term because of their unlimited market exposure. Eventually there will be several consecutive loses. What is the probability of flipping a coin and getting seven times the same face ? exactly 0.0078 or 7 in every thousand, which in trading means - it will happen - sooner than you think. If you think you can get away with doubling your account and then quit and do this profitably even if your account gets wiped you are wrong. The fact that there is no statistical tie between sets of consecutive loses makes even several consecutive wipeouts likely so beware, Martingales do not work. (I have also written several posts about this if you are interested)
Now the funniest part about this EA has to be this guy - Ron Carter - a trader with 28 years of experience in trading who, by the way, turned out to be an online actor by the name of Steve. I laughed out loud when I heard a guy at the donnaforex forum calling this guy out and showing evidence that he wasnt the guy he claimed to be. They immediately removed all the evidence but he kept it and showed it there. You can have access to this here. I am amazed at all the lying that goes on here. You tell people that you are a successful trader selling a system when in reality you are an actor ? Come on ! The real guy behind this is probably a shadowy marketer who hired a programmer who doesnt have the slightest idea nor he/she cares about long term profitability or the well fare of their customers. Shame on you Pro Forex Robot people !
Of course, due to the large lack of evidence, the willingful limiting of the backtests, the total lack of any investor-access verified live trading evidence or any type of back/live testing consistency proof added to the use of an unsound Martingale tactic I consider the Pro Forex Robot NOT worth buying and testing. It is also worth noting that this reveals the overall marketing hype that these sellers use to take customers in - almost harmless when systems do work - but absolutely devastating when they dont. When people are new and vulnerable in this field it is very easy for these wolf-like marketers to prey on them very efficiently by making all these fake actors and videos inspire confidence when in reality all that there is is a very lacking system with very little and unreliable proof of profitability. By the way, the US trading institute doesnt exist ;o).
If you would like to learn more about automated trading systems and how you too can build your own reliable likely long term profitable systems based on adaptive and sound money management tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
When you look at the evidence of profitability provided by the author immediately two things come to mind. Backtesting and Martingale. This trading systems only evidence of profitability are 3 year backtesting statements using a martingale trading tactic. I have to state here several of the problems of this evidence starting from the fact that backtests from EA sellers cannot be trusted due to the easy way in which they can be manipulated to introduce either curve-fitting or pre-engineered results through hindsight (yes, weve seen experts coded to trade certain ways for certain years). The fact that the backtesting is limited to 3 years also points out to a dangerous path around curve fitting. Why not backtest this system for the past 10 years ? If it is supposed to be so profitable, then what is the problem ?
The answers to this question does come easily. The only reason why sellers limit their backtests is because their previous results show unprofitability, wipeouts, etc. Otherwise there wouldnt simply be a reason to do so. Now, the fact that this guy relies on a Maringale trading technique is also pretty scary. Many folks out there trade with Martingales and eventually lose their accounts, Martingales do not work and they will never be able to be consistent in the long term because of their unlimited market exposure. Eventually there will be several consecutive loses. What is the probability of flipping a coin and getting seven times the same face ? exactly 0.0078 or 7 in every thousand, which in trading means - it will happen - sooner than you think. If you think you can get away with doubling your account and then quit and do this profitably even if your account gets wiped you are wrong. The fact that there is no statistical tie between sets of consecutive loses makes even several consecutive wipeouts likely so beware, Martingales do not work. (I have also written several posts about this if you are interested)
Now the funniest part about this EA has to be this guy - Ron Carter - a trader with 28 years of experience in trading who, by the way, turned out to be an online actor by the name of Steve. I laughed out loud when I heard a guy at the donnaforex forum calling this guy out and showing evidence that he wasnt the guy he claimed to be. They immediately removed all the evidence but he kept it and showed it there. You can have access to this here. I am amazed at all the lying that goes on here. You tell people that you are a successful trader selling a system when in reality you are an actor ? Come on ! The real guy behind this is probably a shadowy marketer who hired a programmer who doesnt have the slightest idea nor he/she cares about long term profitability or the well fare of their customers. Shame on you Pro Forex Robot people !
Of course, due to the large lack of evidence, the willingful limiting of the backtests, the total lack of any investor-access verified live trading evidence or any type of back/live testing consistency proof added to the use of an unsound Martingale tactic I consider the Pro Forex Robot NOT worth buying and testing. It is also worth noting that this reveals the overall marketing hype that these sellers use to take customers in - almost harmless when systems do work - but absolutely devastating when they dont. When people are new and vulnerable in this field it is very easy for these wolf-like marketers to prey on them very efficiently by making all these fake actors and videos inspire confidence when in reality all that there is is a very lacking system with very little and unreliable proof of profitability. By the way, the US trading institute doesnt exist ;o).
If you would like to learn more about automated trading systems and how you too can build your own reliable likely long term profitable systems based on adaptive and sound money management tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading kya hai
Thursday, April 14, 2016
Old Forex System that Still Work ~ forex trading hours
0
This is my old Forex System but it still works !
Hi pal,
Do you tired looking for the forex strategy that can make money continuosly ?, if you do , great you’re at the right place.
You can call me Prasxz , actually I’m a programmer who interested in FOREX technical analysis, after I loss amount of money in this business , I start to asking into my self , why every I enter the market , its always against me ?, is there any proven system outhere that can avoid me being loss?
This system is FREE OF CHARGE.
For example :
You’re trading GBP for 10 times , how many times you loose your trade ? and how many times you’ve got your profit ?
If the answer is 8 wins and 2 losses, then you’re at the right system that match your style , next question is , can you keep your system working in the next 20,40,60,80,... trading round ?
If the answer is yes, please stop reading this strategy and keep your system on your side..
If no, may be I can help you here..
I will give you a simple trading system that has proven gave me minimum 20 pips/day ..not bad isn’t it ? and I still use this system as you see this blog.
Let’s see below MetaTrader 4 picture for 15 m GBP chart.
I used only 2 indicators :
- 2 Bollinger Band with parameter :
Period : 20 Deviations :1 Apply to :Close
Period : 20 Deviations: 2 Apply to: Close
This 2 Bollinger Band divide the area into 5 lines
- Parabolic SAR (Stop and Reverse) with parameter :
Step : 0.01 Maximum: 0.2
Bollinger Band
These 2 Bollinger Band can tell you, where the market will go on the next stage.
If the bar from below touched the line V it means please be prepared for the reversal into line IV. (In case there’s no bullish signal from higher time frame)
If the bar from above crossed the line IV it means please be prepared for the bar touched the line III.
If the bar from above crossed the line III it means please be prepared for the bar touched the line II.
If the bar from above crossed the line II it means please be prepared for the bar touched the line I.
If the bar from above touched/crossed the line I it means please be prepared for the reversal into line II.(In case there’s no bearish signal from higher time frame).
There are the possibilities for the market move on 2 Bollinger Band stage, you can examine this indicators to make sure or perhaps backtesting and forwardtesting on Meta Trader 4.
Parabolic SAR
Use this indicators to determine the entry point and trailling stop.
PSAR strategy is BUY when the PSAR dot appears below the bar and SELL when the PSAR dot appears above the bar.
When the right time for me to BUY/SELL ?
Where I placed my stop loss ?
You should take BUY position when the FIRST PSAR dot appears below the bar and take SELL position when the FIRST PSAR dot appears above the bar.
Term of FIRST here is very important because this is a good chance for you to take a maximum pips, close your position when you gain 10 – 30 pips or more perhaps depend on market situation.
Place a STOP LOSS at the first PSAR dot when you already enter the market and trail it into next PSAR dot.
How many pips I should place my stop loss ?
It depend on your style, if you willing to place stop loss for 20 – 40 pips you should use 15 minute chart to gain profit between 10 – 30 pips or more , use the higher time frame if you want to gain bigger profit and of course your stop loss pips will be increased...you can try it because this system works in all time frame, depend on your style and equity.
I’m convenience using 15 m chart because the smaller stop loss pips and it doesn’t take too many time to gain 10 – 30 pips / day.
STRATEGY
BUY whenever FIRST PSAR dot appears and the bar lies above line I or above line II , target is next line.
SELL whenever FIRST PSAR dot appears and the bar lies below line V or below line IV , target is next line.
You can take position in all line depend on market situation , the most important is you must action when the FIRST PSAR dot appears.
Use this system consistently, if you loose your trade, you must switch position in the next FIRST PSAR dot .
OK that’s it , cut your losses and let your profit run...
PS : I don’t have experience using C language ..if there’s somebody would like to make EA (Expert Advisor) in MT4 base on this system ,you can share with me.
Case I :
hi all,
Ill show you about signal generated by the system, remember if the first PSAR appears and the price is at line V just wait until the price move back to line IV,III,II or I as long as the bar not touched the signalthen take position like below picture..
Case II
If you found ranging market or sideway trend like below picture ,you should wait and see till
long bottleneck end . Distance between line V and line I usually no more than 30 pips .
Below picture is sample of my balance sheet statement using this system...
forex trading hours
Hi pal,
Do you tired looking for the forex strategy that can make money continuosly ?, if you do , great you’re at the right place.
You can call me Prasxz , actually I’m a programmer who interested in FOREX technical analysis, after I loss amount of money in this business , I start to asking into my self , why every I enter the market , its always against me ?, is there any proven system outhere that can avoid me being loss?
This system is FREE OF CHARGE.
For example :
You’re trading GBP for 10 times , how many times you loose your trade ? and how many times you’ve got your profit ?
If the answer is 8 wins and 2 losses, then you’re at the right system that match your style , next question is , can you keep your system working in the next 20,40,60,80,... trading round ?
If the answer is yes, please stop reading this strategy and keep your system on your side..
If no, may be I can help you here..
I will give you a simple trading system that has proven gave me minimum 20 pips/day ..not bad isn’t it ? and I still use this system as you see this blog.
Let’s see below MetaTrader 4 picture for 15 m GBP chart.
I used only 2 indicators :
- 2 Bollinger Band with parameter :
Period : 20 Deviations :1 Apply to :Close
Period : 20 Deviations: 2 Apply to: Close
This 2 Bollinger Band divide the area into 5 lines
- Parabolic SAR (Stop and Reverse) with parameter :
Step : 0.01 Maximum: 0.2
Bollinger Band
These 2 Bollinger Band can tell you, where the market will go on the next stage.
If the bar from below touched the line V it means please be prepared for the reversal into line IV. (In case there’s no bullish signal from higher time frame)
If the bar from above crossed the line IV it means please be prepared for the bar touched the line III.
If the bar from above crossed the line III it means please be prepared for the bar touched the line II.
If the bar from above crossed the line II it means please be prepared for the bar touched the line I.
If the bar from above touched/crossed the line I it means please be prepared for the reversal into line II.(In case there’s no bearish signal from higher time frame).
There are the possibilities for the market move on 2 Bollinger Band stage, you can examine this indicators to make sure or perhaps backtesting and forwardtesting on Meta Trader 4.
Parabolic SAR
Use this indicators to determine the entry point and trailling stop.
PSAR strategy is BUY when the PSAR dot appears below the bar and SELL when the PSAR dot appears above the bar.
When the right time for me to BUY/SELL ?
Where I placed my stop loss ?
You should take BUY position when the FIRST PSAR dot appears below the bar and take SELL position when the FIRST PSAR dot appears above the bar.
Term of FIRST here is very important because this is a good chance for you to take a maximum pips, close your position when you gain 10 – 30 pips or more perhaps depend on market situation.
Place a STOP LOSS at the first PSAR dot when you already enter the market and trail it into next PSAR dot.
How many pips I should place my stop loss ?
It depend on your style, if you willing to place stop loss for 20 – 40 pips you should use 15 minute chart to gain profit between 10 – 30 pips or more , use the higher time frame if you want to gain bigger profit and of course your stop loss pips will be increased...you can try it because this system works in all time frame, depend on your style and equity.
I’m convenience using 15 m chart because the smaller stop loss pips and it doesn’t take too many time to gain 10 – 30 pips / day.
STRATEGY
BUY whenever FIRST PSAR dot appears and the bar lies above line I or above line II , target is next line.
SELL whenever FIRST PSAR dot appears and the bar lies below line V or below line IV , target is next line.
You can take position in all line depend on market situation , the most important is you must action when the FIRST PSAR dot appears.
Use this system consistently, if you loose your trade, you must switch position in the next FIRST PSAR dot .
OK that’s it , cut your losses and let your profit run...
PS : I don’t have experience using C language ..if there’s somebody would like to make EA (Expert Advisor) in MT4 base on this system ,you can share with me.
Case I :
hi all,
Ill show you about signal generated by the system, remember if the first PSAR appears and the price is at line V just wait until the price move back to line IV,III,II or I as long as the bar not touched the signalthen take position like below picture..
Case II
If you found ranging market or sideway trend like below picture ,you should wait and see till
long bottleneck end . Distance between line V and line I usually no more than 30 pips .
Below picture is sample of my balance sheet statement using this system...
forex trading hours
Friday, March 25, 2016
Forex Expert Advisors Fish Forex Robot an Unbiased Review ~ forex trading lot size
0
On another review I will be examining the Fish Forex Robot expert advisor today. This trading system- which was released a few weeks ago- claims to be able to generate 3000 to 4000 USD every month spending no more than 5 to 7 minutes a day "monitoring the robot". It also claims to be able to "double your account every month" a very bold claim which the author should be able to backup. Within the next few paragraphs I will analyze the trading evidence provided by the author and I will see if it is able to sustain her claims. I will also look into the experts trading tactics and I will tell you if the Fish Forex Robot has a high like hood of achieving long term profitability and whether or not it is worth buying and testing.
In the beginning you see a big box that tells you that you have two options. The first one is 3-4K of stable income from Fish Forex robot or vague promises of fortune-making strategies. However this is just very misleading and one of the marketing tactics I hate the most because it reflects a general LACK of knowledge from the expert advisor seller. You simply cannot mention any profit without mentioning the necessary intial capital investment. Do you get 3-4K from one million dollars, from 10 dollars, from 1000 ? It is absolutely frustrating to see these claims over and over again with absolutely no basis in real trading.
What we have from here on does not help the trading systems cause either. The seller shows us a backtesting equity curve that - surprise - is that of a Martingale showing how a 1000 USD account turned into 19,000 USD in just a little bit more than 6 months. The backtesting chart and the statements show a five fold increase in lot size with every loss, telling us that not only the system uses progressive money management but it also has a very unfavorable risk to reward ratio. Cleverly all the places where we could infer the risk to reward ratio from have been blurred and all we have to actually think this is the case is the fact that a five fold increase in lot size merely recovers the last loss pointing to a 4:1 risk to reward ratio which - combined with a progressive money management system- is definitely a time bom.
Then we have a "live trading statement". Please, this statement is merely a joke. Anyone could put up an html and makeup that statement and then blur it. If this seller is serious about showing profitability then she should include a REAL live investor-access verified account that TRULY showed live-updated trading results that we know are obtained from a real account with real money. This "live testing evidence" which - even if real - is extremely limited, simply does not contribute to any proof of profitability. What does the seller want to hide ? Why not risk her own money to show the "consistent income" her system can make ?
What we see in the case of the Fish Forex Robot trading system is nothing but a system with a seemingly very unsound trading tactic that has absolutely no reliable evidence of profitability. The author hides backtesting statements, denies 10 year backtesting results, blurs "live trading results" and does not even risk her own money to show us a live investor-access verified account. This system trades a very dangerous game and a few consecutive loses are bound to put you into VERY DEEP draw down if not an account wipeout.
Due to the fact that there is simply no evidence to backup profitability and the fact that the system uses an extremely unsound trading tactic with a very dangerous progressive money management strategy (five fold increase in lot sizes) I consider the Fish Forex Robot NOT worth buying or testing.
If you would like to learn more about automated trading and gain a true education on how you can evaluate and be successful with expert advisors with sound risk and profit targets please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
In the beginning you see a big box that tells you that you have two options. The first one is 3-4K of stable income from Fish Forex robot or vague promises of fortune-making strategies. However this is just very misleading and one of the marketing tactics I hate the most because it reflects a general LACK of knowledge from the expert advisor seller. You simply cannot mention any profit without mentioning the necessary intial capital investment. Do you get 3-4K from one million dollars, from 10 dollars, from 1000 ? It is absolutely frustrating to see these claims over and over again with absolutely no basis in real trading.
What we have from here on does not help the trading systems cause either. The seller shows us a backtesting equity curve that - surprise - is that of a Martingale showing how a 1000 USD account turned into 19,000 USD in just a little bit more than 6 months. The backtesting chart and the statements show a five fold increase in lot size with every loss, telling us that not only the system uses progressive money management but it also has a very unfavorable risk to reward ratio. Cleverly all the places where we could infer the risk to reward ratio from have been blurred and all we have to actually think this is the case is the fact that a five fold increase in lot size merely recovers the last loss pointing to a 4:1 risk to reward ratio which - combined with a progressive money management system- is definitely a time bom.
Then we have a "live trading statement". Please, this statement is merely a joke. Anyone could put up an html and makeup that statement and then blur it. If this seller is serious about showing profitability then she should include a REAL live investor-access verified account that TRULY showed live-updated trading results that we know are obtained from a real account with real money. This "live testing evidence" which - even if real - is extremely limited, simply does not contribute to any proof of profitability. What does the seller want to hide ? Why not risk her own money to show the "consistent income" her system can make ?
What we see in the case of the Fish Forex Robot trading system is nothing but a system with a seemingly very unsound trading tactic that has absolutely no reliable evidence of profitability. The author hides backtesting statements, denies 10 year backtesting results, blurs "live trading results" and does not even risk her own money to show us a live investor-access verified account. This system trades a very dangerous game and a few consecutive loses are bound to put you into VERY DEEP draw down if not an account wipeout.
Due to the fact that there is simply no evidence to backup profitability and the fact that the system uses an extremely unsound trading tactic with a very dangerous progressive money management strategy (five fold increase in lot sizes) I consider the Fish Forex Robot NOT worth buying or testing.
If you would like to learn more about automated trading and gain a true education on how you can evaluate and be successful with expert advisors with sound risk and profit targets please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading lot size
Wednesday, March 23, 2016
Forex Expert Advsors Zone 99 Forex an Unbiased Review ~ forex trading laws
0
Continuing my review of recently released trading systems today I am going to talk to you about another system called Zone 99 Forex. Within the next few paragraphs I will guide you through the experts website, talking about the evidence presented by the author and whether or not it backs up his claims. I will also analyze any statements or information given and I will tell you my opinion about the reliability of the evidence and the soundness of the trading tactic used by the Zone 99 Forex EA. After all this I will be able to give you my honest and unbiased opinion about this trading systems profitability, particularly about whether or not I consider it worth buying and testing.
I think that the starting phrase of the Zone 99s website is one of the boldest I have ever heard. This expert advisor is not only supposed to be able to give you huge profits with low draw down but the profits are so high that you will be able to triple your account every three months. Does it sound too good to be true ? Looking further down the website we find even more amazing claims of profitability including the claim of making more than 10,000% profit in 25 months.
I would have to say however that this type of website is the most dangerous for new traders. The system seems to have a lot of evidence showing what it is capable off and there doesnt seem to be any reasons to believe that the claims are not reasonable. The truth however is that the evidence is being portrayed in such a way that it "sings the song" while there are a very large set of reasons why the system is not as good as it sound.
What is wrong then ? First of all, you have to take a long look at the "live" statements shown. These statements do NOT have investor access information, reason why they can be simply made up on an html editor to show us something that seems like a live statement which is simply not. These results could also be the result of demo trading and not live trading, making us believe that the profits were achieved in real life when in fact they were not. There is also the VERY important fact that ALL the accounts are only trading for a very small period of time and all of them avoid any periods where the SL was hit. On all of these accounts, trading is done with a VERY high risk of more than 15% of the account per trade reason why they are able to show these results. What we have here is merely a bunch of highly risky shor term statements which are not verified and could be easily demo accounts or even worse, just made up. These statements only show us a system with a very poor risk to reward ratio and a very unsound risk management.
The backtesting statement shown is also something you shouldnt believe. Backtesting is done with knowledge about the past and unless you get a live trading statement of the same period as a backtesting statement showing you live/back testing consistency, backtests cannot be trusted. There are many things that could be done to achieve extreme values of profitability in backtesting which could not be achievable in live trading reason why this verification is a MUST.
So what does the Zone 99 Forex EA show us ? What we have here is another overly hyped system with very limited - and probably demo or made up - statements showing us a system with an unfavorable risk to reward ratio trading at an extreme risk during a short period of time. If this people were actually serious about proving profitability they would provide a myfxbook link with investor-access verified to show us a REAL live account which is updated real-time and NOT some statements which may as well be manipulated or fake altogether. The backtesting statement also tells us nothing since its validity cannot be confirmed through live/back testing consistency results.
Finally, due to the fact that the evidence presented is simply unverified and unreliable and because of the simple fact that the authors do NOT show verified live updated live trading results (if those results were actually from live accounts why dont they continue to update them and provide investor access ?) I consider this EA NOT worth buying or testing. Additionally it is worth noting that anyone who tried to trade this system with the risk levels shown to achieve the profit targets mentioned would have a very high probability of wiping his or her account due to the unsound level of risk and the unfavorable risk to reward ratio of the system.
If you would like to learn more about what I have learned in the field of automated trading and how you too can learn to trade with realistic profit and risk targets in automated trading please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
I think that the starting phrase of the Zone 99s website is one of the boldest I have ever heard. This expert advisor is not only supposed to be able to give you huge profits with low draw down but the profits are so high that you will be able to triple your account every three months. Does it sound too good to be true ? Looking further down the website we find even more amazing claims of profitability including the claim of making more than 10,000% profit in 25 months.
I would have to say however that this type of website is the most dangerous for new traders. The system seems to have a lot of evidence showing what it is capable off and there doesnt seem to be any reasons to believe that the claims are not reasonable. The truth however is that the evidence is being portrayed in such a way that it "sings the song" while there are a very large set of reasons why the system is not as good as it sound.
What is wrong then ? First of all, you have to take a long look at the "live" statements shown. These statements do NOT have investor access information, reason why they can be simply made up on an html editor to show us something that seems like a live statement which is simply not. These results could also be the result of demo trading and not live trading, making us believe that the profits were achieved in real life when in fact they were not. There is also the VERY important fact that ALL the accounts are only trading for a very small period of time and all of them avoid any periods where the SL was hit. On all of these accounts, trading is done with a VERY high risk of more than 15% of the account per trade reason why they are able to show these results. What we have here is merely a bunch of highly risky shor term statements which are not verified and could be easily demo accounts or even worse, just made up. These statements only show us a system with a very poor risk to reward ratio and a very unsound risk management.
The backtesting statement shown is also something you shouldnt believe. Backtesting is done with knowledge about the past and unless you get a live trading statement of the same period as a backtesting statement showing you live/back testing consistency, backtests cannot be trusted. There are many things that could be done to achieve extreme values of profitability in backtesting which could not be achievable in live trading reason why this verification is a MUST.
So what does the Zone 99 Forex EA show us ? What we have here is another overly hyped system with very limited - and probably demo or made up - statements showing us a system with an unfavorable risk to reward ratio trading at an extreme risk during a short period of time. If this people were actually serious about proving profitability they would provide a myfxbook link with investor-access verified to show us a REAL live account which is updated real-time and NOT some statements which may as well be manipulated or fake altogether. The backtesting statement also tells us nothing since its validity cannot be confirmed through live/back testing consistency results.
Finally, due to the fact that the evidence presented is simply unverified and unreliable and because of the simple fact that the authors do NOT show verified live updated live trading results (if those results were actually from live accounts why dont they continue to update them and provide investor access ?) I consider this EA NOT worth buying or testing. Additionally it is worth noting that anyone who tried to trade this system with the risk levels shown to achieve the profit targets mentioned would have a very high probability of wiping his or her account due to the unsound level of risk and the unfavorable risk to reward ratio of the system.
If you would like to learn more about what I have learned in the field of automated trading and how you too can learn to trade with realistic profit and risk targets in automated trading please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
forex trading laws
Friday, March 18, 2016
Uneven Strategies Working with Different Profitabilities in Portfolio Building Part Two ~ forex trading keywords
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Yesterday I started to discuss the effect of running a portfolio with systems that have very uneven performance. I used the GBP/USD and EUR/USD instances to exemplify this case and show you exactly what the effect of running systems with very different profitabilities is along a very wide range of years. However once post was not enough to discuss all the effects of running such uneven strategies and several questions still remained. On todays post I will finish my discussion on this matter, answering the remaining matters as clearly as I can. I will attempt to discuss the effect of different starting times in running a portfolio and how this affects the global profitability and risk/draw down targets of a portfolio built upon the join venture of uneven strategies.
On part one of this post I was able to show you how running a portfolio of two long term profitable systems has an overall profitable effect regardless of the global differences in profitability. I showed you how the GBP/USD and EUR/USD instances contributed somewhat equal profit/draw down percentage in the beginning of the account and how the contributing power of the GBP/USD instance grew smaller as trading progressed. Of course, this means that the portfolio starting time may prove decisive as different startup periods may lend themselves to different contributions of the separate systems. Some very important questions start to come out as a consequence of this matter. Will the account face higher risk targets if the account is started right before the worst draw down of the worst performing strategy ? Will long term draw down targets be an underestimation of the potential draw down ?
In order to answer these questions I looked at an account started right before a very significant draw down period of the GBP/USD instance which started in mid 2009. I ran a test from January 2009 until May 2010 and compared the results obtained for the 10 year portfolio for these same months. The first thing we can take into account is the draw down figures of both tests. The maximum draw down in 2009 of the 10 year test was near 9% while the maximum draw down for the test from 2009 to 2010 is 28%. It is however worth noting that this 28% is inline with the maximum historical draw down of the 10 year portfolio which is 30%. Looking at the equity curves of both systems displaying percentage gains and looking at monthly performance gives us a better idea of what is going on.
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-As you can see, the 10 year portfolio has already diminished the participation of the GBP/USD instance significantly while the 1 year and a half test still has both experts contributing roughly the same since they havent had a chance to compound profits significantly. The result is that the strong draw down period on the GBP/USD eliminates a lot of the profit of the EUR/USD instance but the profit made by the later is enough to hedge the loses made by the GBP/USD account and put the overall portfolio in a profitable point.
I have to say that a careful analysis of similar periods - in which an account is started right before the worst draw down case of the worst performing instance - reveals that this is exactly when the maximum draw down portfolio levels are reached. In this case, a level of about 28% was reached which is close to the expected maximum historical draw down of the ten year portfolio (starting in 2000) at 30%. Running different initial periods were the account is started right before a GBP/USD instance unfavorable period shows us that draw down between 20-30% show almost all the time. However, the EUR/USD instance is always able to hedge this draw down and get the account to the other side.
As we saw on part number one of this article, the overall larger compounding effect of the EUR/USD instance ends up eliminating most contributions of the GBP/USD instance as it fails to perform up to the same level. Interestingly, this shows that the startup point does not increase risk but the 10 year maximum draw down appears to be the draw down combinatorial "upper-limit" that determines the draw down attained when experts are started within an unfavorable period. The 10 year estimation therefore becomes a valid estimate of future draw down limits and doubling it provides and accurate worst-case scenario.
In the case of systems with very different performance levels, the use of a continuous portfolio in which the most profitable systems take lead seems to be a good solution. However it is still easy to wonder if there is any other better way. Is there a better way when systems have similar profit levels ? Is there a way of examining portfolios in which we can be absolutely sure that the importance of the startup point is not critical ? How can we trade a portfolio in such a way that a very clear draw down limit is attained ? Answering all these questions and studying portfolios in depth has led me to the development of a series of portfolio guidelines and investment rules that I will talk about on tomorrows post and that will be discussed in depth this Sunday on an Asirikuy video... Stay tuned for the release of the Atinalla project.
If you would like to learn more about my journey in automated trading and how you too can develop a portfolio of likely long term profitable systems based on sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
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