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

1. Interbank – Main Mini Account
2. Masterforex – Main Micro Account
3. 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.

1. EA Shark
2. EA MTF
3. EA Trendstuffer

Forex EA that I have tested with not so great result and have dropped

1. EA Touch The Sky
2. EA Prophet
3. EA Goldminer
4. EA FX Advisor
5. EA Robo
6. EA ForexAutoPilot

I guess I will be doing a write up on the EA above soon.

Note: I have just gotten the new version of EA ForexAutoPilot and will be testing it out soon….

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. ?

Anyway, here is my month to month performance.

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Sighhh……..