John Grace and Albert Perrie has finally launched the Project Forex Megadroid website. Their new invention, so-called RCTPA, is a forex robot that able to see into the immediate future (2-4 hours) with 95.82% Accuracy.
Check out how Forex Megadroid was born.
Showing newest posts with label expert-advisor. Show older posts
Showing newest posts with label expert-advisor. Show older posts
Sunday, March 29, 2009
Saturday, March 28, 2009
Artificial Intelligence Driven Forex Robots
Categories:
expert-advisor,
RCTPA
I saw this email in my inbox and it caught my attention. I will give it a go once this forex robot is available. I will compare its results with the recent FAPTURBO performance.
Subject: Artificial Intelligence Driven Forex Robots
It started with simple Forex trading (manual trading systems)...
It evolved into robot based Forex trading...
The new “name of the game” in Forex trading is Artificial Intelligence driven robots.
Let me rephrase... the NEW name of the game is RCTPA Artifical Intelligence robot driven Forex trading.
The buzz about this new technology has been huge. A new technology, a new way of trading Forex automatically... the industry is about to get hit with something BIG.
Albert Perrie and John John Grace have been trading since the late 80's...
They have almost 40 years of combined Forex trading experience and are two of the dominating figures behind some of the most fascinating developments in the industry.
They are the inventors of the latest Forex trading technology (RCPTA)... they are the people behind an incredible frontier breakthrough.
I have been hearing a lot of rumors about their industry changing Forex robot for the past month. Recently, they have released information regarding the robot...
All I can say, this is impressive stuff!
This thing will mark new grounds... new records... it will establish a new “bar”. No other way to put it.
I have some fresh info coming my way on Sunday - I will keep you updated.
Tuesday, March 17, 2009
Now It's Time to Run Forex Autopilot (FAP)
Categories:
expert-advisor,
Marcus
It's time to put your Forex Autopilot (FAP) expert advisor back into work again, if you think the stock market has finally bottomed out. At least I think so. And below is my reason.
During the first two weeks of March, FAP robot seemed 'back to old self' and was able to record strong gains at the same time we saw the stock markets rebounded from multi-year lows.
Actually, it's not too difficult to see the good correlation between the FAP results and stock benchmark performance such as S&P.
FAP robot tends to do well when the stock markets is gradually rising or even trading sideways.
Over the last 12 months, FAP had made profits 5 out 6 times (83%) when the S&P moved less than 5% (in either direction) in a month.
On the other hand, FAP had incurred losses 5 out 6 times (83%) when the S&P was sold-off more than 5% in a month. This happened in Sept 08 (-9.2%), Oct 08(-16.8%), Nov 08 (-7.5%) , Jan 09 (-8.6%) and Feb 09 (-11%).
So, if you think the stock markets are going to get better from now, run FAP robot.
During the first two weeks of March, FAP robot seemed 'back to old self' and was able to record strong gains at the same time we saw the stock markets rebounded from multi-year lows.
Actually, it's not too difficult to see the good correlation between the FAP results and stock benchmark performance such as S&P.
FAP robot tends to do well when the stock markets is gradually rising or even trading sideways.
Over the last 12 months, FAP had made profits 5 out 6 times (83%) when the S&P moved less than 5% (in either direction) in a month.
On the other hand, FAP had incurred losses 5 out 6 times (83%) when the S&P was sold-off more than 5% in a month. This happened in Sept 08 (-9.2%), Oct 08(-16.8%), Nov 08 (-7.5%) , Jan 09 (-8.6%) and Feb 09 (-11%).
So, if you think the stock markets are going to get better from now, run FAP robot.
Wednesday, February 4, 2009
FAPTURBO Community Getting Bigger
Categories:
expert-advisor,
FAPTURBO
FAPTURBO now has over 25,000 trades. Being one of the paid member myself, questions and concerns were raised regarding its profitability with such a large user base.
Here are the latest updates:
It appeared that Interbank FX has problems pulling trough FAPTURBO trades and had already promised to add more facilities to increase the trade capability.
Custom FAPTURBO versions are being worked on to fit special brokerages needs... and lower spread dependence. In future, this will allow users to use the fapturbo success formula even outside the Metatrader 4 platform.
Below you will find the two latest PDF reports (real money trading only):
Report one, fapturboresults.pdf
Report two, 100K Live account: 100k.pdf
Here are the latest updates:
It appeared that Interbank FX has problems pulling trough FAPTURBO trades and had already promised to add more facilities to increase the trade capability.
Custom FAPTURBO versions are being worked on to fit special brokerages needs... and lower spread dependence. In future, this will allow users to use the fapturbo success formula even outside the Metatrader 4 platform.
Below you will find the two latest PDF reports (real money trading only):
Report one, fapturboresults.pdf
Report two, 100K Live account: 100k.pdf
Friday, November 28, 2008
FAPTURBO - A Much Improved FAP Version?!
Categories:
expert-advisor,
FAPTURBO,
System
Forget the previous disappointment of Forex Autopilot (FAP). Because the new FAP Turbo package has seriously outperformed FAP over the same time period.
Please check out these claims by the developer (Steve Carletti) first.
What I also like about the FAP Turbo is that you can even have your system installed on its provided 24/7 running server. This way, you will not need to have your own computer turned on ever.
All in all, the FAP Turbo system looks genuine and has already promised us much. Talk is cheap and I do hope this trading robot can continue to build on its reputation. We shall review its live trading outcomes soon on this site.
Update (1):
I can reveal that the FAPTURBO system consists of two trading strategies. One being the Short-term Scalper Strategy which can work on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD on M15 (15-minute) timeframe. The other being Long-term FAP Strategy which has been optimised for the EUR/USD pair on M1 (1 minute) timeframe.
Please check out these claims by the developer (Steve Carletti) first.
Trading System Description:
Trading system of FAPTurbo expert-advisor is 100% automatic. Its new features include Automatic Risk Scaling, High-Spread Protection System and Build-in Loss Prevention. The system is capable of handling multiple currencies and promises low drawdowns. It can make up to 10 - 20 trades weekly, providing a high trading activity for your account.
BackTest on History:
Great results in 1999-2008: 5000% of profit in 9 years! Made 499,785 from 10,000 usd!
LiveTest on Real Money Accounts (Live proofs available):
Account 1: $370 turning into $3,100 in 1 short month
Account 2: $2,500 turning into $6,700 in 32 days
Account 3: $10,000 turning into $32,900 in 90 days
What I also like about the FAP Turbo is that you can even have your system installed on its provided 24/7 running server. This way, you will not need to have your own computer turned on ever.
All in all, the FAP Turbo system looks genuine and has already promised us much. Talk is cheap and I do hope this trading robot can continue to build on its reputation. We shall review its live trading outcomes soon on this site.
Update (1):
I can reveal that the FAPTURBO system consists of two trading strategies. One being the Short-term Scalper Strategy which can work on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD on M15 (15-minute) timeframe. The other being Long-term FAP Strategy which has been optimised for the EUR/USD pair on M1 (1 minute) timeframe.
Thursday, October 30, 2008
Expert Advisor Journal 30 October
Categories:
100-pip,
expert-advisor,
journal,
Trade_the_News
I ran and entered with both the 100-pip program and newstrader program today. I was pleased with all three winning trades today. The entry levels provided below were executed by the Alpari UK live account server.
100-pip trade 1 (Europe Session)
Short EUR/JPY
Entry: 129.72 & 129.71
Exit: 129.31 & 129.18
Pips: +40 & 53
News trade 2 (News event: US Advanced GDP)
Short GBP/USD
Entry: 1.6484 & 1.6485
Exit: 1.6462 & 1.6472
Pips: +22 & 13
100-pip trade 3 (US Session)
Short AUD/JPY
Entry: 66.77 & 66.80
Exit: 66.40 & 66.03
Pips: +37 & 73
Total daily pips: +238 pips
100-pip trade 1 (Europe Session)
Short EUR/JPY
Entry: 129.72 & 129.71
Exit: 129.31 & 129.18
Pips: +40 & 53
News trade 2 (News event: US Advanced GDP)
Short GBP/USD
Entry: 1.6484 & 1.6485
Exit: 1.6462 & 1.6472
Pips: +22 & 13
100-pip trade 3 (US Session)
Short AUD/JPY
Entry: 66.77 & 66.80
Exit: 66.40 & 66.03
Pips: +37 & 73
Total daily pips: +238 pips
Friday, October 10, 2008
Finding Opportunities in Volatile Markets with NewsTrader EA & 3 Winners Out of 3 Events
Categories:
expert-advisor,
journal,
Trade_the_News
Three positive results from three different news events in one day - I was one happy news trader in today's tough market conditions. The Newstrader EA program seemed to help and pick up all the right trades at the right time, yielding a total of 97 pips. The EA charts below show the breakdown of trades.
We'll be staying in touch with the following news trading opportunities next week:
Monday - CHF PPI, GBP PPI; Tuesday - GBP CPI; Wednesday - GBP Claimant Count Change, EUR CPI, US Core Retail Sales & PPI; Thursday - CHF Retail Sales, US Core CPI, TIC Long-term Purchases & Phil Fed Index ; Friday - US Building Permits & Prelim Consumer Sentiment
We'll be staying in touch with the following news trading opportunities next week:
Monday - CHF PPI, GBP PPI; Tuesday - GBP CPI; Wednesday - GBP Claimant Count Change, EUR CPI, US Core Retail Sales & PPI; Thursday - CHF Retail Sales, US Core CPI, TIC Long-term Purchases & Phil Fed Index ; Friday - US Building Permits & Prelim Consumer Sentiment
News event 1: US Trade Balance
Long GBP/USD @ 1.7071 for +25 & 5 pips
Long GBP/USD @ 1.7071 for +25 & 5 pips
Sunday, October 5, 2008
Technical Help: Comprehensive Forex AutoCash Robot Manual
Categories:
autocash,
expert-advisor
I've reported most of your technical issues with regard to the operation of forex autocash robot. And soon we'll be receiving a comprehensive trading manual.
From John Burroughs & Support Team:
The new manual covers your specific questions plus absolutely everything - from detailed installation instructions through to Frequently Asked Questions relating to trade execution, risk & money management, stop levels, brokers, taking profit and so much more.
Although the Forex AutoCash Robot was designed as a "Set & Forget" system, some people felt that they wanted more information than the setup videos provided and so we decided to create this manual.
The manual will be available in the download area of the website by 3pm EST on Sunday. In the meantime, please visit our KnowledgeBase area of the Help Desk. (http://www.forex-autocash-robot.com/login.php).
In addition, there is a complimentary copy of the Wednesday Blaster EA to be released on Tuesday.
Thursday, October 2, 2008
Forex AutoCash Robot Trades 9 Years With No Losers - Review and Answers
Categories:
Auto-trading,
autocash,
expert-advisor
I've purchased a copy and done my homework:
Here is my review. Forex Autocash robot by John Burroughs is not a quick-rich scheme, but a system pursuing an "ideal-case" long-term investment plan which does not allow a failure (loser) at any point.
Let's put in this way. John Burroughs has a starting capital of 10,000. His robot trading performance (with zero losers) has allowed him to build up a "paper fortune" of 5,ooo,ooo (5 million) in 8 years and 8 months. How did he do it and how does the robot work exactly? What are his parameter settings?
I've got some answers for you here at ScoutForex. Here are some trading facts based on the trading record provided on his website:
All in all, he stood to lose out all if the system had slipped up at any point - with one losing trade. Very surprisingly - the system did just fine.
On his trading video, he has recommended using a setup of 10% risk level instead - meaning that if the robot happened to lose out on one trade, you still have 90% of the remaining account balance. Let's look at the potential return curve below.
The 10% risk level encourages safe trading, you could still score well with the system by allowing your trading account size to increase steadily. You will probably double your account size in 10 years if there is no major slip up. The results actually equates to a approx. 7.2% compound annualized return.
Meahwhile, a higher 50% risk level will probably get you to this point in eight years, i.e. with 16x initial investment (see chart below). At present, we are all provided with the same autocash robot trading routine. Whether the whole 9-year no losers feat could be repeated, it is difficult to judge right now and only "time" will tell. We shall revisit this in future.

In addition, I have not yet explored the prospect of using multi positions at one time. With that, perhaps you could reach your set goal in a faster time span. And what about the the forex autocash trade entry system which appears to do the trick for the past nine years. This warrants some investigation and explanation in future when things are moving.
p.s. For your information, it is also possible to have the robot trading a fixed number of lots as an alternative to the scaled-lots approach . "The person using the fixed lot option will probably earn more money per trade at the beginning than the person who selects the scaled lots option. But as time goes by, the scaled-lots guy will leave him in the dust", so said John.
p.s.2 Technical Help: Comprehensive Forex AutoCash Robot Manual
Here is my review. Forex Autocash robot by John Burroughs is not a quick-rich scheme, but a system pursuing an "ideal-case" long-term investment plan which does not allow a failure (loser) at any point.
Let's put in this way. John Burroughs has a starting capital of 10,000. His robot trading performance (with zero losers) has allowed him to build up a "paper fortune" of 5,ooo,ooo (5 million) in 8 years and 8 months. How did he do it and how does the robot work exactly? What are his parameter settings?
I've got some answers for you here at ScoutForex. Here are some trading facts based on the trading record provided on his website:
- John Burroughs had risked 100% on his initial capital.
- The forex autocash trading robot was designed to churn out a small gain of approx. 1.05% each time (per closed trade).
- The robot was only allowed to open one trade at a time.
- The robot had not encountered any losers in the past eight years and eight months.
- The robot traded about 68 times a year.
- All winnings had been compounded.
- The robot produced 100% return in the first year.
- The robot had quadrupled his trading account at the end of second year, i.e. by making a 300% return.
- This subsequently led to a sizeable gain of 16x, 70x and 290x initial investment in year 4, 6 and 8 respectively.
- Below is the equity return curve which covers a trading period of 8 years with the forex autocash robot.
All in all, he stood to lose out all if the system had slipped up at any point - with one losing trade. Very surprisingly - the system did just fine.
On his trading video, he has recommended using a setup of 10% risk level instead - meaning that if the robot happened to lose out on one trade, you still have 90% of the remaining account balance. Let's look at the potential return curve below.
The 10% risk level encourages safe trading, you could still score well with the system by allowing your trading account size to increase steadily. You will probably double your account size in 10 years if there is no major slip up. The results actually equates to a approx. 7.2% compound annualized return.Meahwhile, a higher 50% risk level will probably get you to this point in eight years, i.e. with 16x initial investment (see chart below). At present, we are all provided with the same autocash robot trading routine. Whether the whole 9-year no losers feat could be repeated, it is difficult to judge right now and only "time" will tell. We shall revisit this in future.

In addition, I have not yet explored the prospect of using multi positions at one time. With that, perhaps you could reach your set goal in a faster time span. And what about the the forex autocash trade entry system which appears to do the trick for the past nine years. This warrants some investigation and explanation in future when things are moving.
p.s. For your information, it is also possible to have the robot trading a fixed number of lots as an alternative to the scaled-lots approach . "The person using the fixed lot option will probably earn more money per trade at the beginning than the person who selects the scaled lots option. But as time goes by, the scaled-lots guy will leave him in the dust", so said John.
p.s.2 Technical Help: Comprehensive Forex AutoCash Robot Manual
Tuesday, September 30, 2008
Forex AutoCash Robot Trades 9 Years With No Losers - Let's Investigate
Categories:
autocash,
expert-advisor
It's a bit far fetched don't you think? The Forex Autocash Robot by John Burroughs is not released yet but there are already a pre-release video and a written document boasting the following claim:

p.s. Latest update: Forex AutoCash Robot Trades 9 Years With No Losers part2 - Review and Answers
The Most Advanced Forex Robot In Existence... The Perfect Automatic Trading Solution... A World Record Of Almost 9 Years With NO Losing Trades (Up To This Very Second!)How does the robot works? According to John:
The Key To Raking Thousands Of Dollars Per Day Trading Forex Is Accurately Catching Small Price Swings… Day In And Day Out...Each of those small swings offered a profit potential... a HUGE profit potential. We’re talking about $300, $400, $500 or more per swing.I do have some other queries about the system. Does the forex autocash robot actually use scalping as its trading strategy to lock in fast profits? If that's the case, what is the minimum bankroll needed to start and what's the maximum drawdown during the 9 year period? I'm just too curious to find out. I have to start digging later since you won't find some straight answers from the website.

p.s. Latest update: Forex AutoCash Robot Trades 9 Years With No Losers part2 - Review and Answers
Thursday, September 4, 2008
Release of Forex Autopilot New Version
Categories:
expert-advisor,
Marcus
New ForexAutopilot version is the latest released updates from Forexautopilot CEO Marcus B. Leary and his development team.
The latest changes include:
* New optimized algorithm to decrease the possible drawdowns and increase the profits
* Global MA indicator trend control feature. Now FAP works great for both bullish and bearish trends!
* Adjustable times. You can now set the exact time you want FAP to start and end trading!
Members are asked to redownload the new FAP robot from the membership page asap.
I hope to see it in real action soon and will try to compare the ea performance for both versions.
- What Happened to Forex Autopilot in August?
- What Happened to Forex Autopilot in Late April?
- Forex AutoPilot Review part 2: This Could Be The Real Deal ?!
The latest changes include:
* New optimized algorithm to decrease the possible drawdowns and increase the profits
* Global MA indicator trend control feature. Now FAP works great for both bullish and bearish trends!
* Adjustable times. You can now set the exact time you want FAP to start and end trading!
Members are asked to redownload the new FAP robot from the membership page asap.
I hope to see it in real action soon and will try to compare the ea performance for both versions.
Sunday, August 31, 2008
Day Trading Service: Trading Report Aug' 08 (+760 pips)
Categories:
100-pip,
day-trading,
expert-advisor,
member-service
Fact 1: Major-Pairs Results +760 pips; Yen-Crosses Results +415 pips; 100-Pip EA Results +2038 pips
August was the month in which the US dollar finally rebounded strongly after long-term periods of underperformance. Simply look at these quotes for the major pairs:
August 1 open / August 29 close / monthly change in term of pips:
GBP/USD (1.9832 / 1.8203 / -1629) ;
EUR/USD (1.5598 / 1.4673 / -925) ;
AUD/USD (0.9412 / 0.8580 / -832);
USD/CHF (1.0474 / 1.1012 /+538);
USD/CAD (1.0229 / 1.0639 /+410);
USD/JPY (107.85 / 108.80 / +95)
We were able to take advantage of the strong market movements and made most of our gains from both the End-of-Session and 100-Pip Systems.

Fact 2: Up Seven Consecutive Months Since Inception & A Record-breaking Profitable Month
August was a record-breaking profitable month for our daily live trading sessions which produced a total of +760 pips for the major pairs. Profits were made from EUR/USD (240 pips), USD/CHF (+180 pips), GBP/USD (+125 pips) and etc. In addition, the 100-pip ea system managed to top that with a combined total pips earned of +2038 . All the latest results and breakdown of trades can be found here.
Fact 3: Individual Performance Overview & EUR/USD as Top Performer
EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.
Results summary:
EUR/USD +695 pips
USD/CHF +485 pips
USD/CAD+420 pips
GBP/USD +135 pips
AUD/USD +60 pips
USD/JPY +45 pips
Looking at the current and past stats, all results begin to add up and look ever more promising. With the latest addition of 100-pip EA Trading Program, I believe that we are already well-positioned to capitalise on the methods and continue to make gains in the currency markets.
Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.
Previous Reports:
Day Trading Report Jul' 08
Day Trading Report Jun' 08
August was the month in which the US dollar finally rebounded strongly after long-term periods of underperformance. Simply look at these quotes for the major pairs:
August 1 open / August 29 close / monthly change in term of pips:
GBP/USD (1.9832 / 1.8203 / -1629) ;
EUR/USD (1.5598 / 1.4673 / -925) ;
AUD/USD (0.9412 / 0.8580 / -832);
USD/CHF (1.0474 / 1.1012 /+538);
USD/CAD (1.0229 / 1.0639 /+410);
USD/JPY (107.85 / 108.80 / +95)
We were able to take advantage of the strong market movements and made most of our gains from both the End-of-Session and 100-Pip Systems.

Fact 2: Up Seven Consecutive Months Since Inception & A Record-breaking Profitable Month
August was a record-breaking profitable month for our daily live trading sessions which produced a total of +760 pips for the major pairs. Profits were made from EUR/USD (240 pips), USD/CHF (+180 pips), GBP/USD (+125 pips) and etc. In addition, the 100-pip ea system managed to top that with a combined total pips earned of +2038 . All the latest results and breakdown of trades can be found here.
Fact 3: Individual Performance Overview & EUR/USD as Top Performer
EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.
Results summary:
EUR/USD +695 pips
USD/CHF +485 pips
USD/CAD+420 pips
GBP/USD +135 pips
AUD/USD +60 pips
USD/JPY +45 pips
Looking at the current and past stats, all results begin to add up and look ever more promising. With the latest addition of 100-pip EA Trading Program, I believe that we are already well-positioned to capitalise on the methods and continue to make gains in the currency markets.
Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.
Previous Reports:
Day Trading Report Jul' 08
Day Trading Report Jun' 08
Friday, August 29, 2008
What Happened to Forex Autopilot in August 08?
Categories:
expert-advisor,
Marcus
Back in April, we all asked the question, "What happened to Forex Autopilot in late April?"
Before that, the Forex Autopilot system appeared to do well by making most of the profits via BUY signals during the strengthening period of the Euro currency. Therefore my other questions were - "Can the FAP ea also make the SELL signals and perform as good when the downtrend has begun?"
According to Marcus & his team, the FAP system is capable of detecting the change in direction based on its inner parameters and therefore it can make SELL signals. So I was convinced.
Now in August, we should raise the question once again "What the heck happened to Forex Autopilot or Euro in August?!" The FAP was found to be in a big drawdown mode as the Euro currency finally lost its ground against the dollar. At present, there is no way for the FAP to crawl back this month as it could post its biggest losses to date.
We could clearly see that the down trend has started...but the FAP was unable to make consistent sell signals. What has gone wrong? Has the FAP failed to detect the change in market direction?
The answer actually lies in the inability of FAP to open an opposing trade to offset a trade that is already running. In August, it was the BUY position which was last opened on the 5th. Since then, then euro had almost tanked 1000 pips. This eventually resulted in an large drawdown.
In other word, the FAP program could only recognise one open trade in one chart and will refuse to open a second trade or counter trade. Other keen FAP user was spot on to suggest opening two separate charts and setting up two FAP programs so that on one chart it only enters short positions, and on the other it only enters longs. (This could be achieved by using the magic number feature.)
I am not sure this is the long-term answer for FAP. But if the sell mode could be initiated for this month, it would obviously make some sound profits, instead of the hefty losses (see report). The Forex Autopilot program definitely requires some sort of right human intervention and its autopilot mode couldn't keep us long in the game.
Before that, the Forex Autopilot system appeared to do well by making most of the profits via BUY signals during the strengthening period of the Euro currency. Therefore my other questions were - "Can the FAP ea also make the SELL signals and perform as good when the downtrend has begun?"
According to Marcus & his team, the FAP system is capable of detecting the change in direction based on its inner parameters and therefore it can make SELL signals. So I was convinced.
Now in August, we should raise the question once again "What the heck happened to Forex Autopilot or Euro in August?!" The FAP was found to be in a big drawdown mode as the Euro currency finally lost its ground against the dollar. At present, there is no way for the FAP to crawl back this month as it could post its biggest losses to date.
We could clearly see that the down trend has started...but the FAP was unable to make consistent sell signals. What has gone wrong? Has the FAP failed to detect the change in market direction?
The answer actually lies in the inability of FAP to open an opposing trade to offset a trade that is already running. In August, it was the BUY position which was last opened on the 5th. Since then, then euro had almost tanked 1000 pips. This eventually resulted in an large drawdown.
In other word, the FAP program could only recognise one open trade in one chart and will refuse to open a second trade or counter trade. Other keen FAP user was spot on to suggest opening two separate charts and setting up two FAP programs so that on one chart it only enters short positions, and on the other it only enters longs. (This could be achieved by using the magic number feature.)
I am not sure this is the long-term answer for FAP. But if the sell mode could be initiated for this month, it would obviously make some sound profits, instead of the hefty losses (see report). The Forex Autopilot program definitely requires some sort of right human intervention and its autopilot mode couldn't keep us long in the game.
Thursday, August 21, 2008
100-pip EA Daytrading Program Started Well This Week
Categories:
100-pip,
expert-advisor
Mid-week update: +339 pips
Wins: 10
Losses: 2 (with reasonable SL)
Screenshot attached:

>> Enter ScoutForex Day Trading Room for All the Latest Results
Wins: 10
Losses: 2 (with reasonable SL)
Screenshot attached:

>> Enter ScoutForex Day Trading Room for All the Latest Results
Saturday, August 16, 2008
ScoutForex Day Trading Room & 100-pip EA Trading Program
Categories:
100-pip,
day-trading,
expert-advisor
- Setting up and running a forex day trading group help ensure that I wake up everyday with the proper level of motivation to achieve a productive and successful trading day.
- Recently, I have further devised a 100-pip expert advisor system to be used along side the existing "forex killer" day trading program. New joining members now have the option to automate their trade execution routines.
- 100-pip gain per trade is a "massive target" for any day trading system. Here at Scoutforex.com, you will learn how to generate high-target trade setups based upon the forex killer software program and unique market sentiment data.
- Joining my trading room can be an effective way to improve your day trading results systematically. If you are interested to find out more about my live forex setups, day trading approach and the system track record, more details can be found here via this link:
ScoutForex Day Trading Room.
Monday, July 28, 2008
Backtesting Metatrader History Data for FAPS, Tracer and Bogie
Categories:
Auto-trading,
bogie,
expert-advisor,
Marcus,
MT4,
tracer
I managed to download more than four years of history data for the purpose of backtesting MT4 expert advisor programs such as Forex Autopilot (FAPS), Forex Tracer and Bogie-NN-v8.
Here are their results based on a starting balance of 10,000:
Remark: Bogie went burst in 2005. Only with risk management in placed (i.e. by using its autolot feature) , Bogie survived the tough year of 2005 and performed particularly well in 2008.
Here are their results based on a starting balance of 10,000:
a) Forex Autopilot on 1 Minute (M1) 2004.06.16 - 2008.07.22
Remark: In 2005, the EURUSD went from trending up to a 2000-pip drop. Trend-following system such as FAPS indeed suffered a loss of -28% but bounced back strongly in the subsequent years.
Remark: Despite having the full historical data, I was only able to generate backtest results from April 07 and I wondered why. I am really keen to find out how it faired with FAPS in 2005. (Has anyone seen its results?)
Remark: In 2005, the EURUSD went from trending up to a 2000-pip drop. Trend-following system such as FAPS indeed suffered a loss of -28% but bounced back strongly in the subsequent years.
Remark: Despite having the full historical data, I was only able to generate backtest results from April 07 and I wondered why. I am really keen to find out how it faired with FAPS in 2005. (Has anyone seen its results?)
Remark: Bogie went burst in 2005. Only with risk management in placed (i.e. by using its autolot feature) , Bogie survived the tough year of 2005 and performed particularly well in 2008.
Wednesday, July 23, 2008
Forex Tracer EA and its Profitable Breakout Trading Pattern
Categories:
expert-advisor,
funnel,
tracer
Comments from mkeys :Sure mkeys. Before I get to Funnel, I would like to give my further thoughts on the Forex Tracer expert advisor program.
Thanks! This is really helpful. Most sites overhype EAs or go to the other extreme and say they're all scams. It's nice to see the real-time performance comparison. One request: could you track Forex Funnel? It appears to be from the same folks who sell Tracer.
From looking at both sites (Tracer and Funnel), the Funnel's backtest looks better. It covers a much longer period and has a smaller drawdown. I've heard its real-time performance has been better, too, but can't confirm this.
From what i've observed so far, Forex Tracer appears to be a perfect expert advisor program to trade the Euro if you are operating from a longer time-frame perspective.
From the backtest results (as seen in the homepage), it has successfully 'traced' the EUR/USD recurrent breakout pattern (thanks hector for the chart) over the last two years. The last run-up took place in Jan - Apr 2008 which saw the price rocketed from 1.5000 to 1.6000. As a result, the EA has pocketed over 1000 pips profit during this run-up move.
And since then, the EUR/USD pair has been ranging sideways for about 2 -3 months. And thus, I am yet to see the strong performance as promised by the Tracer program. The program is probably ready for the next another significant 1000-pip move. Unfortunately, no one for sure knows when this is going to happen.
Back to the Forex Funnel EA - from its backtest results, the system appears to do well over the last 4 years consistently trading the USD/JPY market on 1-Hour timeframe. Like Forex Tracer, I will be investigating its performance in details and tracking its proftable trading pattern in the upcoming posts.
Tuesday, July 1, 2008
Profits vs. Drawdowns for Bogie, FAPS and Tracer EAs
Categories:
bogie,
expert-advisor,
Marcus,
tracer
In general, June was a very good month for trading. There were a a lot of sizable moves intraday and overnight reactions which stirred up the forex markets. Euro (EUR/USD) was the most interesting pair to watch since it recorded its historical high back in late April. Since then, it has entered into a consolidation phase.
I have three expert advisors which all auto-trade the same EUR/USD market, i.e. Bogie, Forex Autopilot (FAPS) and Forex Tracer, but on different time periods. I will show you how they all fair in the month of June. For comparison, all three were assigned with with same account level at the start of the month. Initial deposit: $1000; Fixed lot size: 0.1 lot. Here are their end results:
1st place: Bogie-NN-v8 end balance $2434 (143.4%) Approx. +1434 pips
2nd place: FAPS end-balance $1169 (+16.9%) Approx. +169 pips
3rd place: Tracer end balance $903 (-9.7%) Approx. -97 pips
Final remarks:
1) Bogie-NN-v8 had a very strong month in June as it outperformed others during this market phase. At many occasions, it did superbly by selling at the tops and buying at the lows.
2) Compared to previous month results, FAPS was slightly underperformed this month, but its overall results since the start of the year were impressive. June was the fifth profitable month of this year.
3) Tracer was recently launched. Unlike FAPS, it uses a fixed stop loss level of 250 pips, thus giving you the comfort of knowing its risk limit. Unfortunately, June was a volatile month which in turn resulted the EA to hit the bump twice. Despite all that, Tracer EA showed great resilience and nearly made it back to the positive.
I am not sure what July will bring, but i have high hopes on three of them. If the current trend continues, Bogie is the one to look out for. If the Euro continues to gain momentum towards the upside, FAPS and Tracer should be back to exhibiting their real strengths.
I have three expert advisors which all auto-trade the same EUR/USD market, i.e. Bogie, Forex Autopilot (FAPS) and Forex Tracer, but on different time periods. I will show you how they all fair in the month of June. For comparison, all three were assigned with with same account level at the start of the month. Initial deposit: $1000; Fixed lot size: 0.1 lot. Here are their end results:
1st place: Bogie-NN-v8 end balance $2434 (143.4%) Approx. +1434 pips
2nd place: FAPS end-balance $1169 (+16.9%) Approx. +169 pips
3rd place: Tracer end balance $903 (-9.7%) Approx. -97 pips
| EA Performance (Jun' 08) | Bogie | Tracer | FAPS |
| Time period | H1 | M30 | M1 |
| Stop loss used | 200 | 250 | --- |
| Absolute drawdown (% from initial deposit) | -3.6 | -24.9 | -28.7 |
| Maximal drawdown (in term of pips) | <100> | 250 | >500 |
| Final profits (in term of pips) | +1434 | -91 | +169 |
Final remarks:
1) Bogie-NN-v8 had a very strong month in June as it outperformed others during this market phase. At many occasions, it did superbly by selling at the tops and buying at the lows.
2) Compared to previous month results, FAPS was slightly underperformed this month, but its overall results since the start of the year were impressive. June was the fifth profitable month of this year.
3) Tracer was recently launched. Unlike FAPS, it uses a fixed stop loss level of 250 pips, thus giving you the comfort of knowing its risk limit. Unfortunately, June was a volatile month which in turn resulted the EA to hit the bump twice. Despite all that, Tracer EA showed great resilience and nearly made it back to the positive.
I am not sure what July will bring, but i have high hopes on three of them. If the current trend continues, Bogie is the one to look out for. If the Euro continues to gain momentum towards the upside, FAPS and Tracer should be back to exhibiting their real strengths.
Saturday, June 7, 2008
Forex Tracer Automated Trading and Signalling EA
Categories:
expert-advisor,
tracer
The search for profitable automated trading systems is on once again. I just received this e-mail from one of my readers yesterday.
Forex Tracer is, of course, another Expert Advisor script written for the purpose of automated trading in the Metatrader platform. Since I am a keen user of expert advisor systems and a developer of my own EA system, I would also like to test this EA myself. I believe I did a good job on reviewing and tracking the progress of the Forex Autopilot so far.
Could this new Forex Tracer be the third profitable EA systems after Bogie and Autopilot? We will soon find out.
p.s. Thanks Kotaro for the above email. You just set me up a new expert advisor trading task. I do hope it is profitable as claimed. You and my readers will probably get the first-hand update regarding the forward test results of this new Tracer EA.
p.s.2 I wish to keep everyone updated. I received another reader's email with a comment from someone who is currently trialling the Tracer EA: "Overall the majority of trades were positive this week, but there was one trade that almost wiped out my demo account. I will test more and let you know if it turns out positive. It may be excellent however it certainly needs to be used with caution." Thanks for the heads-up and I'll certainly keep an eye on the system drawdown.
p.s.3 Profits vs. Drawdowns for Bogie, FAPS and Tracer EAs
Hello Lloyd,
Your blog site has helped me in a great deal to understand how Forex market works and forex software.
I'm a three-month forex beginner who has studied the market by myself and has practiced on a demo account. I have lately started to think to purchase forex software and give it a shot. After I did my research, my candidate for the software narrowed down to either Forex Autopilot or Forex Killer. However, late last week, I happened to discover a new software called Forex Tracer.
The reason I'm mentioning this new software is that they show the same format as your Stratefy Tester Report of Forex Autopilot. I've never seen such a report from other software sales letters. Forex Tracer's report started from June 30, 2006 thru May 23, 2008. Their winning ratio is 94% and the modeling quality is 90%. The software looks very attractive to me
If possible, would you take a look at Tracer's page and let me know about your opinion about the software? I'm thinking if it's worth a try or better to buy Forex Autopilot.
Forex Tracer is, of course, another Expert Advisor script written for the purpose of automated trading in the Metatrader platform. Since I am a keen user of expert advisor systems and a developer of my own EA system, I would also like to test this EA myself. I believe I did a good job on reviewing and tracking the progress of the Forex Autopilot so far.
Could this new Forex Tracer be the third profitable EA systems after Bogie and Autopilot? We will soon find out.
p.s. Thanks Kotaro for the above email. You just set me up a new expert advisor trading task. I do hope it is profitable as claimed. You and my readers will probably get the first-hand update regarding the forward test results of this new Tracer EA.
p.s.2 I wish to keep everyone updated. I received another reader's email with a comment from someone who is currently trialling the Tracer EA: "Overall the majority of trades were positive this week, but there was one trade that almost wiped out my demo account. I will test more and let you know if it turns out positive. It may be excellent however it certainly needs to be used with caution." Thanks for the heads-up and I'll certainly keep an eye on the system drawdown.
p.s.3 Profits vs. Drawdowns for Bogie, FAPS and Tracer EAs
Wednesday, May 28, 2008
Release of Bogie-NN-v8 Expert Advisor
Categories:
bogie,
expert-advisor
Bogie-NN-v8 is latest Neural Network Expert Advisor from Bogie Enterprise.
Free Expert Advisor evaluation period is currently available for running on Demo Accounts. Free Demo Only Trial from June 1, 2008 to September 1, 2008 only.
See One (1) year Strategy Tester results for EURUSD on H1 TimeFrame.
Risk Level per trade = 5% Free Margin

Earlier releases:
Bogie-ATC-2007-2 which is EA that finished in 2nd place in the 2007 Automated Trading Championship.
Bogie-NeuralNetwork-1 which is same EA with additional of Neural Network filter to improve order entry signals.
Bogie-NeuralNetwork-2 is 2nd version with following improvements.
All 4 Expert Advisors are currently on offer. As usual, my site readers are eligible for discount.
- Neural Network for perceptive intelligence on order entries.
- Trade 24/5, (24 hours per day – 5 days per week).
- Optional - trade around News Event days.
- Improved order management routine.
- Trade on 5 digits and/or ECN Brokers.
- New TrailingStop routine to modify StopLoss for maximized profits.
- Expert Advisor coded to dramatically reduce Optimization test times.
Free Expert Advisor evaluation period is currently available for running on Demo Accounts. Free Demo Only Trial from June 1, 2008 to September 1, 2008 only.
See One (1) year Strategy Tester results for EURUSD on H1 TimeFrame.
Risk Level per trade = 5% Free Margin

Earlier releases:
Bogie-ATC-2007-2 which is EA that finished in 2nd place in the 2007 Automated Trading Championship.
Bogie-NeuralNetwork-1 which is same EA with additional of Neural Network filter to improve order entry signals.
Bogie-NeuralNetwork-2 is 2nd version with following improvements.
All 4 Expert Advisors are currently on offer. As usual, my site readers are eligible for discount.
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