New Expert Advisor Portfolio

Today I realized that maybe it is not absolutely necessary to spend a lot of money to get some decent expert advisors. Based on my experience with myfxovereasy (which I reviewed earlier last week) I can say that there must be some promising free expert advisors out there.

I have always been aware of the free ea collection available at earnforex.com but I just saw the recently updated tests on the eas earlier this week. With these expert advisors optimized and the "perfect" conditions for their operation given I found no reason not to test them myself in a demo account and see what happens.

So I started a test of a complete free expert advisor portfolio. This portfolio has the following experts :

Framework : Which uses commodity channel indexes and strikes me as a medium term expert advisor.

Artificial Intelligence : Which is a neural networkish expert advisor.

Phoenix : Which is a short term sort of scalping expert advisor.

Binario : Wich is a long term expert advisor.

Myfxovereasy : Which is a trend following medium term expert advisor.

With all this expert advisors covering almost all types of market conditions (hopefully!) and reporting more than 10% yearly profit each (some reporting even a 15% monthly profit) I hope to have convincing results that suggest that this is the perfect expert advisor portfolio. Profitable and free !

Diposting oleh Unknown 08.16 0 komentar

New Forex Expert Advisor for Review PointBreak5

Last week I was very kindly approached by the PointBreak expert advisor creator who asked me if I could forward test his product on my virtual private server and write a review about it.

As I am always looking for a new profitable expert advisor I gladly agreed to test his PointBreak5 expert advisor. I am doing this with no monetary compensation at all, neither directly or from affiliate sales. This assures that my results will be totally unbiased.

At first glance, PointBreak seems to fulfill the requirements I would assign to a profitable expert advisor. Its goals also seem to be pretty doable with a long term profit target in sight. I have started to forward test this ea as of today, using the most conservative setting as outlined in the expert advisors demo documentation. I am using an Alpari 25,000 demo account with 1:100 leverage.

This expert advisor will be commented based on its weekly results, as my free expert advisor portfolios. Let us wait then, the surprises this ea may have for us.

Diposting oleh Unknown 22.15 0 komentar

A new Likely Long Term Profitable Trading System The GBP JPY daily breakout system

As many of you may know, I am always on the search for new automated trading systems to test and increase the size of our profitable trading portfolio. My criteria before testing has luckily saved me from testing useless expert advisors that would have never been profitable because of their unsound logic, money management, etc. However, some systems have gone through my extensive searching criteria and are now going to be subject of a 2 years long forward testing on one of my virtual private servers.

Today I would like to introduce you to one of this likely long term profitable expert advisors which is the GBP/JPY daily system which was pointed out to me by a newsletter subscriber. The system which was originally proposed to me was however not long term profitable since it simply relied on entering positions on breakouts of the first N bars of each weeks trade on the GBP/JPY and trading then using a fixed SL, TP and money management.

Testing of this strategy gave profitable results for most 2008 and 2009, nonetheless the expert failed dramatically before 2008 as a consequence of a change in market conditions which did not favor the expert advisor. My solution was quiet straightforward, I adjusted every variable of the expert advisor to be adjusted dynamically according to the range of the "box" formed between the high and low determined by the first N bars of the week on the one hour chart.

Testing revealed however that the system was still missing something to be profitable since no matter what we did, the system did not seem to profit between 2000 and 2007. Then it was perfectly clear that the system does not work when the GBP/JPY behaves as a carry trade and only works when it behaves as a trending pair like the EUR/USD. The solution then seemed quiet straightforward. I included both ATR and ADX volatility filters which kept the EA out of all the large losing periods while letting it trade profitably during the times where it would get the most profit. The results ? You can see them below (backtesting from 1999).
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It is evident from this that you can take almost any system that is not long term profitable and with the right thinking in mind turn it into a long term profitable expert advisor. Of course, this system will start to be tested and all my newsletter subscribers will get access to it as well as my weekly comments on its trading and performance.
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If you want to learn more about profitable expert advisors and the criteria I use to create them 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 this article !

Diposting oleh Unknown 04.16 0 komentar

September Video Reviews New Commercial Automated Trading Systems

Today I am releasing the 2nd video monthly reviews of automated trading systems. In August we saw the release of many different new trading systems, most of the expert advisors released have absolutely no proof of live trading and most of them do not even give the trader a decent glimpse at simulation results. As always there is an incredible desire of EA sellers to hide information that is easily available and to make the showing of live trading results a shadowy process based on screenshots and html statements when having transparency is as simple as offering a live, investor access verified myfxbook account.

This month we saw the release of forex bullet proof which was pushed hardly by affiliates with a massive amount of junk email being sent. After looking at the website we then find nothing but a very dangerous martingale system with very shadowy "evidence" of profitability that is certainly NOT reliable and makes us become very suspicious about the ability of this system to be profitable in the long term. Anyway, I invite you to watch this months videos to learn more about these trading systems and the reliability of the evidence they provide.

If you are having problems watching the videos please remember that you need the free DivX codec or player available here.

Forex Bullet Proof, an unbiased review

Forex SAS, an unbiased review

Forex MeltDown, an unbiased review

Forex Morning Trade, an unbiased review

FX Wealth Machine, an unbiased review

Forex CounterAttack, an unbiased review

I hope you enjoy this weeks videos. As always please remember that the burden of proof is on the sellers live accounts and NOT on your own. You should not buy any trading system out of faith and the EA sellers should ALWAYS provide reliable evidence of long term profitability. Remember that every time an EA seller avoids showing evidence, it is for a VERY good reason.

If you would like to learn how to make your own automated trading systems and gain a true education about algorithmic trading and how to design systems with realistic profit and draw down values using sound trading techniques please consider joining Asirikuy.com, a website filled with educational videos, trading systems, development and a sound, honest and transparent approach automated trading in general . I hope you enjoyed this article ! :o)

Diposting oleh Unknown 02.15 0 komentar