Deprecated: Assigning the return value of new by reference is deprecated in /var/www/xelsson.se/public_html/wordpress/wp-settings.php on line 520

Deprecated: Function set_magic_quotes_runtime() is deprecated in /var/www/xelsson.se/public_html/wordpress/wp-settings.php on line 18

Strict Standards: Declaration of Walker_Page::start_lvl() should be compatible with Walker::start_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1199

Strict Standards: Declaration of Walker_Page::end_lvl() should be compatible with Walker::end_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1199

Strict Standards: Declaration of Walker_Page::start_el() should be compatible with Walker::start_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1199

Strict Standards: Declaration of Walker_Page::end_el() should be compatible with Walker::end_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1199

Strict Standards: Declaration of Walker_PageDropdown::start_el() should be compatible with Walker::start_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1244

Strict Standards: Declaration of Walker_Category::start_lvl() should be compatible with Walker::start_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1391

Strict Standards: Declaration of Walker_Category::end_lvl() should be compatible with Walker::end_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1391

Strict Standards: Declaration of Walker_Category::start_el() should be compatible with Walker::start_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1391

Strict Standards: Declaration of Walker_Category::end_el() should be compatible with Walker::end_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1391

Strict Standards: Declaration of Walker_CategoryDropdown::start_el() should be compatible with Walker::start_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/classes.php on line 1442

Strict Standards: Redefining already defined constructor for class wpdb in /var/www/xelsson.se/public_html/wordpress/wp-includes/wp-db.php on line 306

Strict Standards: Redefining already defined constructor for class WP_Object_Cache in /var/www/xelsson.se/public_html/wordpress/wp-includes/cache.php on line 431

Strict Standards: Declaration of Walker_Comment::start_lvl() should be compatible with Walker::start_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/comment-template.php on line 1266

Strict Standards: Declaration of Walker_Comment::end_lvl() should be compatible with Walker::end_lvl(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/comment-template.php on line 1266

Strict Standards: Declaration of Walker_Comment::start_el() should be compatible with Walker::start_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/comment-template.php on line 1266

Strict Standards: Declaration of Walker_Comment::end_el() should be compatible with Walker::end_el(&$output) in /var/www/xelsson.se/public_html/wordpress/wp-includes/comment-template.php on line 1266

Strict Standards: Redefining already defined constructor for class WP_Dependencies in /var/www/xelsson.se/public_html/wordpress/wp-includes/class.wp-dependencies.php on line 31

Strict Standards: Redefining already defined constructor for class WP_Http in /var/www/xelsson.se/public_html/wordpress/wp-includes/http.php on line 61
What to do… » Joury

Archive

Posts Tagged ‘Joury’

Commercial EA Update

July 24th, 2009

The new version of GridBot was released a week ago. I was not impressed. After running backtests the entire weekend trying to find anything good with it I put it on demo accounts and hoped that the backtests we’re wrong. Well, it didn’t end well and I finally went for the refund. The money hit my Paypal yesterday. I’ve lost quite a lot of money and time on this bot. I really think it is possible to make a profitable grid trader (just look at Robominer), but not this one. Very disappointed actually since the developers are very inactive in their own forum also, not answering questions. (I still wonder where the hedge function in the new version is… I never saw a hedge of any sort).

FAPT Evolution is still running on demo, or at least I think it is, I’m not getting it to trade much at all. Reading forums the Dukascopy demo server really seems to give different performance for most of us. It is quite worrisome I think as they’ve stated that it should give very close to 100% matching performance with their live server (difference of course being the liquidity). The ones running it live seems to have a smoother ride although EURGBP apparently hit a S/L this week. I’m looking forward to Donnas update this weekend as I tend to use her settings for both regular FAPT and Evolution. She is very knowledgeable about these products.

As for MD Pro I put it up on a demo Forex.com/UK account and it has traded quite a bit (compared to regular MD), but is actually a few dollars behind for the week. EURGBP is the main culprit. Perhaps this pair isn’t really working out for scalping at all right now (as it is the same with FAPT and FAPT evo). The other pairs have done well. I’m thinking of replacing my regular MD on Forex.com/UK live account with the Pro version for next week. I still experience daily crashes with regular MD. The Pro version at least haven’t crashed the demo account once running it without MT4 restart all week.

After running Robominer on demo since June 1st I must, again, just state how impressive it is. They just released a new version that is updated to work with NFA regulated brokers after the new rules about FIFO is enforced, and they state that is is even more profitable with these new changes. Sounds good. I must buy it now and put it on a account somewhere. The developers are currently recommending Forex.com/UK, I have a account there already of course. I am also considering FXCM/UK bacause of their advantage in lower spreads. However they only allow trade with 0.1 lots, Forex.com/UK trades 0.01 lot size. The smaller lot size of course allows lower risk taking, but I’m so confident in this bot now I’m considering trading it at 0.1 anyway (think they recommend a account size of $35000 (updated see comments) to do this, but as long as you have funds to put in there in case of a sustained DD you can fund a smaller amount to start with).

Received spam email from FAPT Steve yesterday about a new bot they’re impressed with (they’ve promoted MegaDroid apart from FAPT before, and some manual systems) called IvyBot. It’ll be released next week and have a webinar planned for Monday. I’ll check it out. Could be something, but there’s so many new bots being released I just don’t know :)

Oh, I almost forgot. The Joury EA bot I’ve written about have been found to be a free EA by a guy called TrendChaser. The developer himself doesn’t consider it to be a good strategy (it can work for a few months only to wipe the account he says). So hope no one bought it. It is available free if you want to play with it, I’m thinking about doing so a little this weekend, just for giggles.

I’m going to make charts for my live accounts later tonight or tomorrow for the weekly update. I can just say that it doesn’t look good now, and that the Alpari UK account have been doing much better than the Forex.com/UK account. The markets have really punished MD yesterday and today.

Should we buy even more EAs?

July 1st, 2009

Well, I don’t know about you, but I’m constantly looking for new robots to make me money. Lately this have reversed a little (since FD2 burned me), but there are two EAs I am considering to buy right now, besides the not yet released FAP Turbo Swiss (should be out by July 14th). They are RoboMiner and Joury EA.

I have run RoboMiner in a Alpari US demo for 6 weeks and at one point I really didn’t think it was working out for along time. It constantly had 10-12 trailing orders with quite large losses accumulated (at one point more than 25% of the account). But the market have reversed and RoboMiner have had a serious payday. During June (in the demo account) it made 38 trades in AUDNZD with profit and had one lingering with a running loss of €20. The total profit was around €800, or close to 15%. RoboMiner is a grid trader and it opens orders without stop loss. This can seem scary, but the thing is that the pair it trades, AUDNZD, is very range bound. The economies of Australia and New Zeeland are both very commodity heavy and they usually follow the same economic swings. This makes there currencies very nice to trade with a grid system (I’ve been trading it with GridBot EA also). The down side is the spread, at Alpari UK it is 20 pips. There are other brokers with lower, but I haven’t found anything lower than 14 pips. A very nice thing is that you can demo RoboMiner (and its bigger brother GT-Shadow) for free. The price is a whopping $495, but you can subscribe to it for $40 a month if you want. I’m considering the subscription. As for broker I think I’m going with Alpari UK because of the 1:500 leverge, with just 1:100 the margin is perhaps a bit to tight to fully trade this EA.

Joury EA is a quite different being than the slow and careful RoboMiner. I haven’t demo traded it but I have gotten input from people who do and who also trade it live. It is a completely mad system that takes many small positions, sometimes hedges them when the free margin is small and sometimes even re-hedge the hedge (like I said crazy). But it seems to work out. The gains are small but quite even. It can trade many pairs but the ones most profitable are GBPJPY, GBPUSD and CADUSD as I understand it. The cost is $197 and it is not a ClickBank product. This is actually why I haven’t bought it yet, I really enjoy the possibility to demo trade during the refund period and have the possibility to return the product if it doesn’t perform well.