been checking out various forex auto trading software or robots (also called expert advisor) in the market over the past few months.

many of them looks good in back testing but NOT in live trading, including megadriod or fap turbo which i have tried in live trading…..they may be many reasons to that but as long as it does not make money it is no good to me, period.

but all is not lost, i recently came across 2 expert advisors (EA) which seem to work well in LIVE trading mode, yes live. and in fact, i know someone who is using this successfully over the past 3 months.

here is the link to the live demo account using the EA :

http://www.mojostock.com/metatrader4stats-iwinfxtrader.php

we shall continue to monitor and see if it can be consistent at least over the next six months

so far, the return per month is not very high, around 2-3% per month, but hey, one should not be complaining since he does not have to do anything while the robot trades forex for him and more importantly, it ends up with NET PROFIT at the end of the month over the past 3 months. we still have to monitor it a while longer and see when during losing months, how bad can it be ie how big is the draw down.

cheers

rooney 

Trading Course for Forex and Stocks

With so many trading courses available in the market these days, I do not blame you if you told me you may have a hard time deciding which courses to go for (assuming that you have decided to pay for any of them).

Before you decide to fork out a few thousand dollars for any trading couses, I think it is only fair that you do some research or review.  There are a few basic things to consider and help you decide which one to go for :

1. Try to find out about the course content and see if the course content is suitable relative to your current knowledge eg if you are completely new to forex or stock trading, then it is best that you pay a few hundred dollars to attend a basic course or spend some money on books before paying a few thousand dollars to attend an advance class. Unless the course is spreaded over few days covering basic to advance knowledge.

2. Try to get feedback from people who has attended the course, either through the internet or better still from someone you know.

3. Specifically for forex trading course, do they have any live demo account to show?

It is very easy for someone to show you a static chart and just say buy low and sell high.  But to show live demo trading is a bold and honest move.  I personally think this is one of the most effective way to evaluate if the course is good enough……no non-sense, let the results speak for itself !! Even though demo trade is not using real money but the trading is based on real live data.

4. Do they offer after sales service such as online Q&A session review or hand-holding trading live sessions together?

One particular course that I know of that has all of the above ie. suitable for beginners, has positive feedbacks, has live demo account plus after sales service such as msn contacts for Q&A is called SGI High Power Trading Course for Stocks and Forex.  Yes this is a two in one course where the strategies can be used for stock market and forex market.

This course is currently available only in Singapore but will soon be launched in Malaysia due to growing interests.  

I think in the market now there are very few courses that “dare” to show live demo trading account to prove whether what they teach actually works or not? In fact, some of the so called trainers DO NOT trade at all so what they teach is complete theory only.

So if you are seriously considering paying for a trading course in Singapore or Malaysia, check out  SGI High Power Trading Course……and of course, check out the live demo account first until you are completely satisfied with what you see!! If you have any questions about the course, let me know.

May the pips be with you

Cheers,

rooney

Review of beta test results for auto trading robot (or expert advisor) Fapturbo Evolution

The Fap Turbo team invited four well known forex traders in the forex forum and forex trading community to test out the improved version of the automated forex trading system.

All of them used LIVE money to open an account with Swissbroker Dukascopy (FapTurbo Evolution can only be used on Dukascopy platform at the moment).

The Four Independent Traders invited by the Fapturbo Evolution creators are :

1.Chuck from a well-know forex trading forum, forexpeacearmy with over 20 years of forex experience

2.Donna, a female forex trader and well respected fapturbo community member

3. Avi, head developer of forex courses on the website, forex-trading-machine.com

4. Zeno, an independent Forex systems tester from 4xproject.com

Each of them are given a REAL money account to trade to test out the profitability of Fap Turbo Evolution.

And here are the results :

Trading results for ZENO (4xproject.com)

Deposited USD 10,000 on 10.06.2009

Balance as at 10.07.2009 USD 11,784  (+11.7%)

Report: http://fapturboevolution.com/zeno/zeno.htm

Trading results for AVI (forex-trading-machine.com)

Deposited USD 30,000 on 12.06.09

Balance as at 10.07.2009 USD 37,127  (+23%)

Report: http://fapturboevolution.com/avi/avi.htm

Trading results for DONNA (Donnaforex.com)

Deposited USD 10,000 on 4.06.2009
Balance as at 10.07.2009 USD 13,441.87 (+34%)

Statement Report : http://fapturboevolution.com/donna/donna.htm

Trading results for CHUCK (Forexpeacearmy.com)

Deposited USD 15,000 on 05.06.09
Balance as at 10.07.2009 USD 19,735.85 (+29%)

Statement Report : http://fapturboevolution.com/fpa/fpa2.htm

FAPTURBO EVOLUTION DEVELOPERS ACCOUNT

Deposited USD 90,000 on 15.06.2009  (several smaller deposits have been made up to 90k)
Balance as aat 10.07.2009 :  USD 117,369   (+30%)

Statement Report : http://fapturboevolution.com/steve/steve.htm

Conclusion on the results :

The results look pretty impressive because all accounts are profitable.

It is worth mentioning that fap turbo evolution actually works across multiple pairs of currencies so it is able to scalp few trades a day and still bring in net profit most of the time.

Some traders may agree that scalping is a mentally taxing game if you do it manually since you have to sit there day in day out and look for small profits.  In the long run, it may wear you down mentally.  With fap turbo evolution, even a newbie is able to scalp with help of the robot….that leaves us free time to do the things that we enjoy.

rooney