Forex Expert Advisors Forex STF an Unbiased Review ~ forex trading in spanish

12:57 PM in about, accurate, advisors, an, data, expert, forex, in, is, review, simulations, stf, talking, trading, unbiased, what

On this post I will deal with the review of one of the most recently released automated trading systems. This expert advisor promises gains of more than 1440% with small draw down levels and claims profitable trades of +600 trades. Will the Forex STF system be able to live up to its claims ? On the following paragraphs I will be reviewing this experts website, particularly I will take a deep look at the evidence and trading tactics used by the system to evaluate their reliability and whether or not they backup the systems claims of profitability. After doing all this analysis I will then give you my opinion of whether or not I consider this EA worth buying and testing and the reasons why I consider this to be the case. Does the Forex STF system stand a chance ? Keep reading to find out !

First of all, let us CUT the lies right from the start. There is absolutely NOTHING dealing with genetic algorithms within the programming code of Forex STF. Several people on some forums have done decompilations of the code and they have seen that the Forex STF doesnt use any form of adaptive technique. It uses the SAME OLD method used by all regular indicator based expert advisors out there. So right from the start, this is just a BOLD LIE from the developers. There is cutting edge adaptive technology or anything similar within the EA, it is just your regular EA coded like any other trading system and using FIXED none adaptive parameters. I dont understand why the people at Forex STF made up this lie if this fact wasnt true, if a system is good you can just sell it without making things like this up. Come on, people are not stupid.

To say that the systems website is a disappointment would be an understatement. I find it rather insulting to the customer and to the intelligence of any serious forex trader. The "live accounts" shown on the website are NOT investor access verified through myfxbook nor is their investor access information given and their actual html layout seems to be taken out of a simple backtest. It is truly amazing to see the way in which this sellers attempt to deceive people - if not criminal - it is absolutely unethical. It is quite obvious here that NO live accounts actually exist.

Why dont the people at Forex STF show us myfxbook statements of the live accounts ? Why isnt investor access information given ? The answers to these questions are pretty obvious. There are probably NO real live accounts and the so called "evidence" shown is just made-up from backtesting results. However, even when dealing with backtesting results Forex STF fails to show us any evidence. We see no full backtesting statements and NO ten year backtesting proof is shown. This just shows you that Forex STF is a desperate attempt to try to sell you something that isnt worth a nickel a downright dishonest and unethical attempt to lure new traders into buying a piece of software with absolutely NO evidence of profitability, lying about the characteristics of the software and live performance results.

For the overall LACK of reliable evidence and the fact that they have lied about the tactics used by the software I consider this trading system NOT worth buying and testing and in fact, it is yet another example of the EA sellers most people desperately try to avoid. Of course, I would gladly change this review if investor access information is added for the accounts and the TRUTH about the tactics used by the system is given. Why are you saying you use genetic algorithms if you just dont ?

If you would like to learn more about expert advisors and how you too can start to code systems that have a real fighting chance in the market with 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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What Doesnt Change Talking About Inherent Characteristics of the Market ~ forex trading is easy

12:07 AM in about, change, characteristics, doesnt, ebook, Forex, future, holds, inherent, market, my, of, talking, the, what

Perhaps one of the most important questions you can ask yourself when you start using automated trading systems is : how will I survive in the long term ? This is one of the most common inquiries made by traders new to the field since it seems to be evident that the market is an ever-changing beast that does not allow the mechanical exploitation of any inefficiency for too long. New traders often experience this when they first begin to use automated trading systems. Their systems do very well, then fail or they never do well at all. Besides the fact that many of these systems dont have adequate evaluation- leading with inadequate and unrealistic expectations to long term loses - traders almost never ask themselves : what doesnt change ? It is obvious that if you want to exploit a given characteristic of the market for long term profitability you have to look for characteristics of the market that remain constant as a function of time. But are there any ? On todays post I want to share with you my view about market changes and why - even though the market changes- some characteristics of the market remain constant.

When you start to trade the market seems like an invincible beast that behaves in a very unpredictable manner. I remember that the first few months I traded I used to think "I got it" only to discover that the market would rip my strategy apart the next few months. I used to behave erratically - like most new traders behave- modifying my strategy every week in a desperate attempt to "adapt" to changes in market conditions. Of course, my focus at that moment wasnt the understanding of market inefficiencies but the massive multiplication of my money from 500 USD to a few million in a few years.

It wasnt until much later that I decided to stop my journey and build an understanding. If I ever was going to make money from this seemingly chaotic thing, I would need to find the "science" behind it. It became important for me to understand how the market behaved, what changed, what didnt and what strategies could be built that would most likely work for the next 20-40 years. I needed strategies that could work for long enough to build myself a decent income and NOT strategies that would put my capital into excessive risk or work for a year and then wipe my account.
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The question becomes : what doesnt change ? After reading a lot of books and watching market behavior for many months, I started to realize that the only thing that doesnt change in the market, is the specie trading it. The market is traded by humans and therefore any aspect of the market imprinted with human behavior should remain fairly constant. As many traders have discovered I started to see that - although individual human behavior is very different - crowd behavior doesnt change very much. I then read a few papers on game theory experiments applied to economics on groups of people across very different cultures and the results started to match up as the groups became bigger. I then realized that - what doesnt change - is simply the way in which crowds react to price action.

How do crowds react to price action ? You see manifestations of this everyday - not only in the form of market trends - but in the form of long term reversal and continuation patterns, support and resistance levels, etc. There are some characteristics of the market that simply do not change, characteristics which have appeared time and time again during the past 30 or 40 years. Evidence of this is present on almost all market instruments from the GBP/USD, to gold, to the DOW index. However you will notice when you do a close analysis that - even though these objects are ever-present within market instruments - their AMPLITUDE and LENGTH changes as time evolves. A trend that may have been only 200 pips long in 2004 can be 1000 pips in 2010 and the reason why this happens is related with the markets trading volume.
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As time evolves and there are more people in the world, the amount of money being moved in the markets becomes larger and therefore the extent of inherent characteristics of the market caused by crowd behavior also become larger. Through different market conditions, there may be larger or smaller movements of money, causing overall changes in the extent of market moves that appear like "large changes in market behavior" but that are no more than the same old characteristics viewed under the looking glass of a different volatility. For this reason, the key - I believe- to the exploitation of long term market inefficiencies seems to be the use of an inherent market characteristics that changes only with market volatility. Trends are a perfect example of this fact and there are many examples of successful trend following systems that achieve their long term profitability through adaptive criteria based on market volatility.

If you would like to learn more about automated trading systems and how you can build your own likely long term profitable systems 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 !

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Talking About My Ebook What the Future Holds ~ forex trading income tax

10:06 PM in a, about, ebook, Forex, free, future, fxreviews, holds, my, new, project, starting, talking, the, what

A few weeks ago I gave my almost one year old ebook a new read-through to check the validity and relevance of its content and to see if there were any improvements I could do. After reading the ebook and looking at how my vision through last year has evolved I realized that many changes and additions are due. Although the contents of the ebook right now are very valid and do point traders in the right direction in automated trading I feel that a lot of depth - particularly pertaining to system design - is currently missing from its contents. Of course, there is also the fact that the ebook is missing the last 2 experts from the Watukushay series, something that also must be added if the ebook is bound to keep up with this - seemingly ever-evolving - project. On todays post I want to talk to you about the ebooks future, the changes that will happen within the next few months and what I expect from all this evolution.

The first thing that will be certain is that the ebook will no longer be offered by itself. Through the past few months I have been giving this a lot of thought and I believe that the ebook does a better job at helping traders as part of the overall Asirikuy package. So from the next update, the ebook will be only available within Asirikuy. Of course, previous ebook customers will keep on getting the update but the option to buy the ebook by itself will completely disappear from this website. I believe that this is the way to go since it will allow people to have a "full view" of everything and to get a complete education in automated trading. I hope I will be able to create much more synergy between the ebooks contents and Asirikuy within the next release.

Regarding the contents, I believe that the current version leaves a lot of spaces open that need to be addressed. I reviewed the ebook with a friend who has some basic knowledge regarding automated trading and forex in general and he was a little bit overwhelmed by the amount of content and the ideas within some sections which required a good amount of time to assimilate. It took him a lot of time to follow many of the tutorials but -in the end- he was able to reproduce the Watukushay experts and their analysis on his own. I believe that a lot can be done to improve the teaching of coding within the ebook and a lot of emphasis in initial system development is also missing.

Perhaps one of the most important additions I plan to do is a whole section on mathematical exepctancy analysis which will provide people with some tools and tutorials to guide them through the first - and often the most critical - parts of system development. I will try to teach how to device an initial trading logic and an approach to trading, focusing on systematic building and the analysis of mathematical exepctancy using the EA I created for this purpose within Asirikuy. I think that with these and a few more changes, the ebook will be able to improve on its current state and better help traders achieve their goals to become long term profitable traders using automated trading systems.

I want the ebook to be the introductory and main piece of Asirikuy, a "tome of knowledge" so to speak, that gathers all my basic concepts in automated trading coupled with a lot of practical exercises, tutorials and guides to bring someone from "I dont have any idea" to "I have coded my first likely profitable trading system using my own ideas and analysis". Do you have any ideas about what the ebook should be ? Do you want to suggest any content additions ? reductions ? changes, etc ? What would you like to find in the ebook ? Please leave a comment :o)

It is difficult to say right now when this "major update" will be out, but probably I will be releasing it sometime before Aug 07. If you would like to learn more about the ebook and my journey 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 !

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