Free Profitable Expert Advisor Gods Gift 7c

For those of you who have not read previous posts about Gods Gift, it is a free expert advisor coded by Matt Edmonds which I have been testing from January 2008. I stopped publishing results on this website since the ea is a very infrequent trader and it took it several months to accumulate a good amount of trades. Now I will show you my results for this free, profitable, expert advisor.

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As you can see on the graph, the ea has performed very well for the past 9 months as it has been predicted by its backtesting. The expert has very good market entries. With about only one entry per week, this ea enters the market only on high probability trades. I have to say, I thought this ea would blow up the account by June but it has indeed surprised me by banking profits as expected. Up until now, the ea has a profit of about 50% with a maximum draw down not exceeding 10%. The ea uses a fixed stop loss and it seems to have a low risk trading style. This is the type of ea you would like to use for consistent, long term profits.

Even though the amount of time is significant (9 months) and enough to say this ea is extremely likely profitable (has survived drastic changes in market conditions), I have to tell you that, as with any automated trading system, you should trade it with care and at your own risk. If you wish to get the settings and the expert advisor from me you can either buy my automated trading ebook (which contains information about many commercial experts) , subscribe to my weekly newsletter (which comes with investor passwords for live and demo accounts) or simply buy me a cup of coffee using the link on left bottom side of my webpage and Ill be glad to send you this information to your email ! (this is to support the vps in which the ea is run and keep me awake :) ) Thanks in advance for your purchases and donations !

Diposting oleh Unknown 22.45 0 komentar

Free Expert Advisor Portoflio Week 10 Final Words

As I had feared, the expert advisor portfolio we had been testing for the past two months didnt leave up to our expectations. The experts accumulated an abnormally high 42% draw down this week.

The main reason why this happened was an incredibly horrible losing rally shown by the Ichimoku5 expert. Against all the things I would consider logical, this expert advisor sold the usd/jpy all the way up on an uptrend. It got several, almost 10, consecutive stop loss hits.

My final words about this expert advisor portfolio is that it did just about as how 99% of us would have expected. Even though we may have had our hopes up sometime in the past, the expert revealed one of the many absolute truths in the forex market. Past records are no indicative of future results. But I bet that any person with an ea who has, sometime in the past, forward tested profitably for 2, 4 or more months will have no problem in selling it to the willingly believing.

So beware !

If you want to look at the final picture, you can see the final trading statement here.

Diposting oleh Unknown 21.30 0 komentar

Gods Gift v 7c A Free Likely Profitable Expert Advisor

For the past two weeks I have searched relentlessly for a profitable free expert advisor to fill the void left by the free expert advisor portfolio I stopped trading.

As you may know, finding free profitable expert advisors is very difficult given the fact that they are many of them, with limited information on their workings and objective. At the end, I think I found a light at the end of the tunnel.

This expert advisor I found named Gods Gift v7c coded by Matt Edmonds seems to be the answer to my prayers. The way I discriminated this expert from the rest was by back testing. And yes, we all feel the same way about it (does not work very good, I know it) but it is nevertheless a tool to separate possibly profitable experts from unprofitable ones, not to say that every expert resulting profitable in back testing would be in forward testing.

The back testing results are very good. After optimizing some of the parameters associated with this expert, I managed to get, using Alpari data and 90% modelling quality, a maximum draw down below 10% with a relative draw down below 15%. All of this with a 50% yearly profit, back tested from December 2004 to January 2008. This I have to say, is exactly what I am looking for. The strategy tester report can be seen here.

The expert advisor finds its entries with the help of the Waddah Attar Explosion indicator coupled with Keltner Channels. You can see this in the image at the end of this post. The expert advisor seems to perform very well on the GBP/USD pair with the time frame making apparently no difference although the back testing report was done using the one hour time frame.

I like everything about this expert advisor. Fixed stop loss, trailing stop and apparently a low draw down with a modest profit on average each month. I have started to forward test it today and see how it does in the real market. Everything points out to this expert being profitable, let us hope it lives up to its back testing results ! Wish me luck !

Diposting oleh Unknown 03.30 0 komentar

The Simple Daily System Likely Profitable Forex Free Expert Advisor

Three months ago, I wrote a post about the Simple Daily System expert advisor. This free system was doing very good at that time proving to be a profitable and reliable trading system. Now, after four months of forward testing, there are several things I would like to share with you about this free automated trading system.

The SDS ea went smoothly through the rangy period at the end of 2008 and gracefully entered 2009 with profits above 50%. After four months of forward testing, the expert currently stands at a very profitable more than 70% capital increase with a low maximum draw down. (Below the forward testing equity graph of this expert from November 2008 to February 2009)
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The simple daily system is a clear example of a high quality expert advisor that can be traded for free. It is excellent at following and capturing profits from daily trends (captured more than 1000 pips on an uptrend at the end of 2008). and staying on the sidelines on ranging markets. Needless to say, the simple daily system now qualifies as a likely profitable expert advisor for me and will be considered profitable after it succeeds at 6 months of live trading with profitable results. A live account will be tested from the first week of March.

If you would like to learn more about the Simple Daily Systems results and settings please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !

Diposting oleh Unknown 04.30 0 komentar