EA it, Because you can

This is the backtest result of EA Budak Ubat v1.27. Date range used was 1 year (Feb 2016 to March 2017).  Setting used as below.  Lot size : 0.01 Equity : 10,000USD / 10,000cent(equivalent to 100USD) Multiplier Setting : Safe (x1.2) Profit : 7,895 USD / 7,895cent (equivalent to 78.95USD) 80%  Max DD : 50.70% (can be reduced with human intervention) Well, looking at the result above only reinstates my opinion earlier that while this EA has good potential to generate profits, human intervention is crucial to keep the risk in control. Once I have enough resources, I will do the forward test probably with Demo account to see how much impact does it have with human intervention. Have a look at my review on this EA earlier. [EA Review] Budak Ubat v1.27 Forward Test result will be posted here once it is done. Click Here (Link not active) Verdict : Minimum of 100USD recommended by the developer may not be enough after all. Either increase the equity  or increas

Budak Ubat (BU) v1.27 is a martingale based EA from a Malaysian based trader/ developer. Just like any other EA using martingale technique, this EA places and entry, if it hits the TP, bag the profit. But if it don't, then the next entry multiplies based on setting. EA Logic This EA is interesting as it is not placing random entries, rather it is riding on market movement (RSI > 50). If the market moved the opposite direction after the first entry, next entry is compounded by multiplier. e.g. Multiplier x1.2 1st entry : 0.02 2nd entry : 0.02 3rd entry : 0.03 4th entry : 0.04 TP level is adjusted accordingly and the entries are always closed with overall profit. Multiplier setting Insane = x2 Very high risk = x1.7 High risk = x1.6 Medium risk = x1.5 Low risk = x1.4 Very low risk = x1.3 Safe = x1.2 Review Risk Multiplier : Don't be fooled by the name. Anything other than Safe is dangerous! Remember, we're not here to gamble. Rather we're here

It all starts somewhere, either you see some of your friend's friends making hundreds in forex, or you saw some attractive banner in internet ad, or facebook, or one of those annoying pop up ads. And let me guess what happened next. You had some financial needs yourself. You started imagining earning the kind of money advertised. You started dreaming owning the expensive things you always wanted.  You opened a demo account and started trading.  Not bad, you made some decent amount of money in demo. Only problem is, its not real money. So you can't withdraw the "profits". So you opened a real account, and listening to some bogus/ half baked advise, you deposited $100 or even more. You started trading small, you made some and you lost some.  And the small you lost was kinda annoying, so you open bigger entries in the hope of recovering your balance.  After the euphoria is over, now you realise the deep shit you got yourself into. Your entire account is almos

Starting fresh with my blog with the intention of sharing my experience with everyone else out there with the hope of together we can learn something from my past experience. And in the way probably I can help you guys to make a little bit of money. I'm not going to make you a millionaire, I don't even make thousands over the market. But for those who have lost quite bit of fortune, hopefully this blog will show you it's not the end of the world. And you can still make your way up to green in balance. Basically, at this point of writing what I have in mind on the coverage of this blog is 1) EA review 2) Broker review 3) Back Test of EAs 4) Forward Test of EAs. (Real or Demo) 5) My live trading results. 6) Some simple trading techniques Not sure about the item 6 above as I will be honest, I'm not a very good trader myself. But what I have gained over the last few years, is some valuable experience which finally is helping me to cover back some of the losses i