Well... here is my forex performance as of June 08. Slowly but surely.....
Forex Performance till June 08
I fumble with my liteforex account with another new Forex EA. Forex EA Tracer (http://www.forextracer.com/).... *Please do not get this EA* You can't control the lot size, and the backtesting result was not that impressive. Lost f*@king 30bucks on two lousy trade.... Well, it's small money.... and I got my refund from Clickbank... Seriously not worth the time and effort.
But hey... I guess you can try
Sighh.... Oh well... at least my Interbank and Masterforex recorded profits....
After a few months out of action from the HYIP game, I finally got back into the game. Well, what can I say. I had some leftover in my egold account and I am not too sure what to do with the balance. So I thought I get back into the game.
Surprisingly, LargeSum is still going strong. But I guess not for long.... still I can't resist the temptation to reinvest in LargeSum again....
Secondly it's SafeAtom. 2% daily!!! Something tells me that it is fishy.... but it has been around like for 200 plus days..... So why not.... hehe
It will take me 50 days to recoup my capital... after that it is profit.... We shall see.....
This time round I think I will go in small. As in only two programs for the time being until these two programs dies off or until I see something that comes out of my HYIP radar.....
Hmm.... I realize that my HYIP portfolio performance page is not exactly quite up to date..... I will have to amend it. *mental note*
Well, it’s been four months now and I must say, my forex Expert Advisor performances are pretty disappointing.
I guess it is my fault. Too must testing and tweaking on my live account.
I previously mention before, if a forex EA is that good, base on their testimonial and forward result, then why not straight away put it on live?
Yes, that was the principle I went on. And to make matters worst, I was greedy, I committed on of the SINS in trading….. I overtraded.
Even if you have the best forex EA around, I still should not overtrade. EA were made to trade automatically for you on a 24 hour market, and thus, prudence must be taken to PROTECT YOUR EQUITY/CAPITAL. That was the main and number ONE rule that I broke.
So, one piece of advice here is, even though Automatic Forex Trading are now possible, one must not treat it as a cash cow machine and think that it is the holy grail to make money from the market.
Number One Rule should also apply on automatic forex trading. DO NOT OVERTRADE. (mental note)
Ok.. after 4 months of automatic trading while I did not lose much, it is still a lost. Profits wiped out.
Well, after four months of testing, I have decided on which forex EA I will be using. And these are the few EA that I have tested and sticking to it from here on end.
I also have three forex brokerage account
Interbank – Main Mini Account
Masterforex – Main Micro Account
Liteforex – Secondary Micro Account
I use my micro account to test the forex EA live. Also because I still had some funds from eGold I though it would be a great way to utilize my funds, while testing it live with small capital. Just to see if it can work like a normal HYIP.
I only upgrade an EA to my live mini account, when I have tried and tested it either via backtesting or forward testing on my micro account.
So here it is…. My forex EA that I am currently using.
Well, after taking a beating as of yesterday, I put more thoughts into what I wanted to do with my current forex EA condition.
As you can see, after 3 months of trading with forex EA I am back to square one.
I have posted my statement here for the world to see what I have done with my account. Well, the history is like this. I started out with Forex EA Shark. It was pretty impressive and I have manage to secure quite a good profit.
Then later on I bought into another EA Touch the Sky and the result was pretty erratic but my EA Shark helped in so many ways. But because of the new EA Touch, I had to reduce the number of lots for EA Shark because I learned that you only risk about between 2% to 3% of your equity.
Since my last entry on forex, my account took quite a beating. I think now I am currently where I at since I started out with Forex EA. My profits were completely wiped out!!
Well, it was my fault, I was tweaking with a few EAs and not using demo account to test it out first.... but what the heck! If a forex EA author prove to us that their EA is making them money then why should I try it out on a demo account?
In some ways I understand that when you use a demo account, you test out the EA first. But why? Hasn't the author tested out the EA already and have posted his results? Why should be retest it again to verify the result? In the first place, we should not even verify the result. If the EA seller was honest, then the result should be 'as is' and when we purchase an EA. The product should be good to go LIVE!
So going by that principle. I stumble upon a few new EA, and put it down LIVE. I guess I have to wait for a few more days when this months closes and then I will post my performances thus far.
In the meantime, I probabily would post some reviews on some of the EA's which I have bought.
A few weeks ago I finally manage my first sale on eBay. I sold one of my domains EroticAndWet.com. While I did not make money from this first sales, I thought that it was an interesting experiences.
Putting something up for sales and then complete the sales after receiving payment.
I am so drawn into trying to make money from eBay but I think I will put that in the back seat. I have already committed myself in so many things that I have not only stretch myself thin but also my capital.
Have to start focusing.... Slowly but surely try to recoup my capital from domaining. So next stop.... my second ebay sales...
