Well… here is my forex performance as of June 08. Slowly but surely…..

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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, 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……..

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.

I intend to stay in this forex game for quite sometime so I am not going to blow my equity so fast.

Anyway, at the height of my profitability, I though it would be a great idea to test out this new EA MTF. And that was when it turn out to be a nightmare. On top of that, EA Shark also took a beating last month. So every EA took it’s toll. And thus, I had to deactivate all the EA and go back to basic and step one again.

Step one is to reactivate EA Shark and leave it to work as it has proven over the pass three months to be very consistent.

Step two is to go back to basic which is to backtest EA MTF and find the best settings before I go LIVE with this EA. Yes, I did say that why should we backtest an EA when the author has already tested it out and publish his results.

Well, I guess for this I need to backtest it and tweak it in such a way that it would suit my account size. EA MTF apparently uses a very big drawdown which is about 30% which I do not intend to do. Just see my statement graph at the bottom and you will notice that if I do close it all out, this is what I am left. Almost $150 wiped out just like that…..

So back to basic with this one until I can find the right settings…. and this particular EA is not as straight foward as EA Shark.

Oh… and also I deactivated EA Touch the Sky because it was not profitable neither was it losing me money.

Even though I am still up by 16 bucks, I think some corrective measures are in order don’t you think?