Thursday, July 2, 2009

long term ea plan

There is a website called fxreviews/blogspot that has a free ea and long term strategy that at some point I think I will use. The author of the blog is Daniel, and he has been trading forex for a long time. The ea is God's Gift ATR, and he has tested it over many pairs, over a ten year period. Also demo tested and live tested it over almost two years. It is long term, because you can expect a 40-50 percent return, but it is also pretty darn safe. Must get his ebook to get the strategy and ea, only around 20 though. Must keep this in mind for when I get to this point.

Saturday, June 27, 2009

updated thoughts

I have been thinking about the methods that I am going to use to invest with, when the profits come in from selling the Eleanor. She seems to be sold now, but nothing is ever sure until the money is in the bank.
The plan, as I have been thinking of it, is to use Fapturbo, Megadroid, and M5G cyborg on the same portfolio, all together, and at small percentage risks. The reason is that several people are all using these ea's, and some together, profitably. These are not the type of ea's that need to be used alone, and they compliment each others trading styles. Donnaforex is using these, 4x project, the fapturboguide guys, and some others as well.
From the 4x project, and Donnaforex, there are some others that I am following that seem interesting, and now some that do not as well. One of the disappointments that I thought was going to work well seems to be forex derivative. This is not coming along well at all so far. This may change, but certainly not convinced.
Others that I am watching, and seem to be working well, LMT forex formula for one. This is more of a manual trading program, but MANY are using this profitably, although it does take a little time and some work. Does seem very profitable though. Very little, if any, complaints.
Some of the others that I need to keep up with are: Forex Boomerang, robominer, euroblaster, forex shocker, lerosa fx, fedora fx, the extremes- eurgbp and eurchf, and an old one - winning solution. These all have passed the believability stage, but not convinced yet. Will keep on watching though.
This is it for now, need to finally decide on what VPS to use, must use one, WILL NOT use my personal PC, need to have a very low latency, much improves the performance of all ea's, especially scalper types. Also probably decided on Alpari US, using Aslan as an introducing broker, or FXCM, with same introducer. OKAY, this really is it for now.

Saturday, June 6, 2009

First days- searching for a path

This blog is to speak about what I am trying to do. Basically, I just want to find a way to trade profitably. It is not my aim to become overly wealthy, I just am tired of not having any time to do the things that are most important to me. So, I have been researching ea's and manual trading methods in the forex market for the last four months.
This is what I have come up with. Fapturbo seems to work long term. Megadroid seems to work long term as well. These are the two that I am the most sure of at the moment. LMT is a manual system/ea that I have been looking at that seems profitable long term, but not totally convinced yet. Sniper Forex is also one of those manual systems that work well long term, along with Stealth Forex as well. (Probably work very well together.) There is a free ea that does seem profitable long term, which is called blessing 2, version 5.2. Found it through a facebook ea group. Also researching Forex Derivative, which I hope it will be a strong ea, but it hasn't been out long enough yet.
These are the ideas that I have at the moment, hoping to put some money to work soon. Till then!
Josh