…with a 229-strong membership (as of 28th April 2008), this is easily the biggest and fastest growing MeetUp group for Forex traders (and those who are interested in Forex trading) in Singapore. with a special interest in trade automation using Expert Advisors on the MetaTrader 4 Platform, the group’s aim is to foster a local community based on “Learning and Sharing” to help each other become better traders.

like Henry Ford said…

Coming together is a beginning,
staying together is progress,
and working together is success.

ck

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i must apologize for not blogging as much as i wished to. anyway, a lot of the testing and reviewing activity is being done over at the excellent FaceBook group “Finding the Best Forex Expert Advisor“…

last count, there are already 270 members in the FaceBook group, many of which are active Expert Advisor traders and testers who share the same passion as me. the discussions are active and lots of EAs are being tested and reviewed. so much so, i’m starting to feel that the purpose of this blog has been met.

with almost 700 friends in my blog’s mailing list, 270 Expert Advisor enthusiasts in the FaceBook group, and 217 fellow Singaporeans(and residents) in a local group called “The Singapore Automated Forex Trading Meetup Group“, i consider myself extremely blessed :O)

** bringing PIPForia to Singapore **

those who are closer to me would know… i’ve been working very very hard recently, making arrangements for bringing Stella and David Robinson’s 2-Day Forex Trading Seminar to Singapore.

it all started when i began to realise that there were not many quality Forex courses in Singapore… let alone one that provides the students the use of Expert Advisors to automate their trading activities! so back in early Feb this year, i casually asked Stella and David (founders of PIPForia LLC) if they would like to bring their Forex education into Singapore. to cut a long story short, their simple “YES” sparked off a chain of activities that have led me to quiting my job (although i’m still working part-time) and starting a company just a few weeks ago : EDVOasia

i know that Stella and David have the ability and know-how to make a big impact to those who are willing to learn from them. i really hope that their 2-Day Seminar in Singapore will be a success. with the aim of reaching out to as many people as we can through their seminar, we have priced this excellent seminar to SELL!! i am absolutely sure that there’s no other course out there that can match it in terms of value and quality. you can visit this link to find out more about their “Bull Money Bear Money Forex Trading Seminar” -> http://pipforia-asia.com

scheduled for 24th and 25th May 2008 (Sat and Sun) at the Pan Pacific Hotel, i’ll be really really busy in the following weeks getting everything in place to run the event. wish me luck!! :O)

ck

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please note that this is NOT a recommendation for you to purchase the SHARK EA… nor is it a sign of endorsement that this is a good Expert Advisor. i am still testing it at the moment… and the only reason i’m trading it LIVE is because i wanted to see how the slippage (if any) will affect the P&L of each closed trades… which in turn will affect the overall profitablilty of the system.

for the record, i’m running SHARK on the minimum risk setting of 0.1. i’ve also set the Fridaymode setting to “true” to avoid news that typically comes out on fridays.  it will also help to avoid situations where trades are held open over a weekend.  this would attribute to the difference in results between my tests and that of the creator.

so far, SHARK has closed a total of 17 trades (4 losers and 13 winners). although the winners:losers ratio is in our favor, the +9 pips take-profit and -35 pips stop-loss is keeping it’s trading record just below water.

by looking at the P&L in pips, the account has gained +116 pips and lost -140 pips. so we are actually -24 pips down. but an interesting thing to note is the way it traded over the last day or two. just look at the trades below :

the losers are a bummer… but what’s nice to see is the way the SHARK EA detected a good uptrend in the EURUSD at about 1100 GMT… and then capitalised on the move by getting in and out of the market very very quickly (except for the last one which lasted 55 mins). within a short 3 hours, it made 5 consecutive winners… the first 4 trades lasted between 2 mins to about 12 mins only.

i believe we are witnessing the strength of the SHARK EA here… the way it catches a trend and rides it to scalp some pips off the movement of the pair. however, the 9:35 TP/SL ratio is the biggest thing that’s on my mind now. the EA has to win 6 times for very loss to remain profitable. so far my LIVE run of the Expert Advisor has yet to hit that target. so let’s watch and see what happens. it’s going to be interesting :O)

be careful of the NFP today… and enjoy the weekend!!

- ck

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sorry for the delay in getting this out to everyone. as promised, this is going to be one of the biggest rebate that i’m going to give away.

i am currently testing the SHARK EA. you can see the LIVE forward-test statement here (updated every 10 mins) : http://www.ckowyong.com/blog/statements. will likely do a review on SHARK once it completes 1 full month of forward-test.

you can also check out the seller’s forwar-test statement by using the investor read-only password that’s mentioned 2 posts down (yes… it’s still working although the creator said that he’ll be changing it periodically). however, please note that the seller’s statement comprises of trades made by both SHARK and GRIFFIN (he is running 2 EAs on the same account!!). to differentiate the trades, you may want to know that the SHARK EA’s take-profit is 9 pips (stop-loss 35 pips). GRIFFIN’s take-profit is 7 pips (stop-loss unclear at this point, but it should be approx 30-33 pips).

to make it easier for you, i’ve imported the full statement from the seller’s account (as of 29 feb 2008) and separated them for your easy reference and analysis : http://www.ckowyong.com/blog/members/shark-griffin-290208.xls

from the spreadsheet, you may notice that GRIFFIN may look like the better performer as the WIN:LOSS ration is far superior to SHARK. so please have a good look through the spreadsheet before making a decision on which EA to purchase. it’s your responsibility to make your own analysis. i’m here just to present the facts :O)

please note that ALL rebates are by way of KIVA.org gift certificates only. if you do not agree to this, you can purchase the SHARK and GRIFFIN direct from the creator/seller and pay full price. their website is http://www.forexeasystems.com

please also note that this is NOT a discount off your purchase price of the Expert Advisors. when you use the links above, you will still need to pay FULL PRICE for the EAs. but by buying through me, i will pass some of the referral fee back to you by means of KIVA.org gift certificates. in so doing, i hope to spread the word around about the good work that KIVA.org is doing to help eliminate world poverty. poverty is a problem that can be solved through microfinancing… and the EMPOWERMENT that microfinancing offers is a very powerful thing. read more about KIVA.org here : http://www.kiva.org

IMPORTANT : please do not take the above as a recommendation to buy the Expert Advisors mentioned. it is every individual’s responsibility to do your own due diligence before making any purchases. you must understand the risks involved in trading FOREX as well as the RISKS involved in using the various Expert Advisors mentioned on this blog. you are also strongly advised to test, test and test for AT LEAST 1 month to understand the characteristics of the Expert Advisors before making the decision of trading them with real money. please read this : DISCLAIMER

if you would like to be kept updated with the progress of this blog (which is dedicated to finding the best Expert Advisors), please do consider joining my mailing list. you may also want to consider joining my FaceBook group to meet other like-minded EA enthusiasts who are also passionate about finding reliable and consistent EAs that we all can use to grow our money. there’s quite a bit of activity in the FaceBook group… so you might just want to pop by to have a look. it’s 151 members strong now :O)

… and just in case you are wondering, 541 Expert Advisor enthusiats are now on my mailing list :O) … and the success of this blog is the result of all these amazing people who have contributed in one way or another.

i truely believe we are now focusing on some of the BEST Commercial Expert Advisors on the internet. the following months should be very interesting! :O)

good trading to all!! - ck

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as usual, you will be able to see the LIVE forward-test statements here (updated every 10 mins) : http://www.ckowyong.com/blog/statements

drop me an email ( ck@ckowyong.com ) if you are interested in buying SHARK or GRIFFIN and want to receive a good rebate for it.

good trading to all!! - ck

=========================================

[update : 1 march 2008]

apologies for not replying to all the emails regarding the rebates for SHARK and GRIFFIN. i’m currently engaged in something that’s keeping me REALLY busy… which is preventing me from replying to all your queries. however, i promise to reply them by monday… even if it means going without sleep. thanks for your patience… and i’m very sure all of you would like the rebate that’s coming your way. it’s likely to be the BEST rebate that i’ve ever offered!! and what does that equate to? A 4-WAY WIN-WIN SITUATION!! :O)

4-WAY WIN-WIN SITUATION
1) the Expert Advisor creator WINS - earns from the sale
2) the Expert Advisor reviewer(ck) WINS - retains a bit of commission from the sale (after giving a rebate)
3) the buyer(you) WINS - pays full price, but gets a decent rebate by means of a KIVA.org gift certificate
4) the poor that KIVA.org supports WINS - because of your purchase, the the poor get loans(your rebate) which help them get our of poverty

ps : if you would like to be kept well informed of my latest findings on profitable Expert Advisors and the rebates that i’m giving away, please do consider joining my mailing list. just fill up the little form below and click “Join Now :O)”

(your privacy is my top priority)

pps : i’ll be buying Griffin to test soon :O)

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the SHARK EA has been getting some attention lately… and a fellow Expert Advisor reviewer/blogger has been equally keen to get hold of this EA to test it too. here’s a link to his blog :
http://fxreviews.blogspot.com/2008/02/shark-ea-from-forexeasystems-possible.html

since the creator of the SHARK EA has openly posted the investor read-only password on his blog, i see no harm in reproducing it here for your easy reference :

LOGIN: 5210127
SERVER: mts.06.fxdd.com
PASSWORD: ays258 (changes every week)

i’ve even made a snap-shot of the account here for your easy reference : http://www.ckowyong.com/blog/statements/shark/demo_by_creator/DetailedStatement.htm

you’ll hear more about it once i get my hands on it :O)

donations and coffees to help fund this blog would be greatly appreciated…. thanks!!  :O)

- ck

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on 8 feb 2008, i got a note from William Boatright… mentioning that he’s going to release the new version of his Expert Advisor over the weekend. he attached a note that he’ll be sending out to the remaining subscribers (i think not many after the dismal performance so far). i thought that the note contained good information that all of us should be aware of… especially for those (like me) who are still hopeful that William Boatright can produce something profitable. even an EA half as profitable as Bogie-ATC2007-1 during the 2007 Automated Trading Championship would be more than sufficient.

anyway, below is the note that went out to the remaining Bogie subscribers :

From Bogie_Enterprise <bogie_enterprise@bellsouth.net>:
> To: Bogie Subscribers.
>
> I’ve been concerned over the several loses that this EA had in January. As
> previously reported, the success of Bogie-ATC2007 EA is its ability to
> detect daily trends (swings) at a predetermined time of day. A daily time
> based trend recognition system. And, the fact, that the daily trend detected
> at StartTime would continue long enough to secure a small profit. It
> requires that most days, after StartTime, that trading daily news is over
> and current bullish or bearish trend will continue until next day. In
> January 2008, there were a steady stream of news releases either just
> before or soon after StartTime. The EA as-has problem with this current
> erratic volatile market where there are repeated 100-300 pips daily spike
> swings.
>
> Recently, I began testing an Neural Network (NN) indicator to filter trade
> signals to be more selective on order entry. The results have been very
> promising. Attached is a .doc file with charts of qualifying tests and
> difference between EA as-is and with NN filter.
> attachment : http://www.ckowyong.com/blog/members/Bogie-NN-charts.doc

on a more serious note, i would like to take this chance to apologize to those who have stayed loyal to this blog and have followed my lead by going LIVE with Bogie-ATC2007-1 back in early jan 2008. most who took the plunge with me would have lost some money… and i was no different too. my trading capital reduced by approx -14% within 17 trading days. those who went LIVE with the more aggressive settings lost a lot more. some told me that their LIVE account was reduced by more than -50% before bailing out.

with that in mind, i will now refrain from making anymore “recommendations”. like Bogie-ATC2007-1, DoublePlay v4.0 and FractalWizard did not perform as expected too. on hindsight, the recent events have really drove home the truth about a statement that we so often see…. “past performance is no guarantee of future results”. even with excellent back-test and forward-test results, the MARKET has it’s own way of testing each and every trading system out there. once you loose that respect for the MARKET, you are more or less doomed.

at this point, i would like to draw an analogy comparing the MARKET to the OCEAN…. and a trader to a surfer. respect the waves and one is likely to ride it well. i don’t think i need to illustrate the opposite :O)

===============

… back to the Bogie-NeuralNetwork-1 EA….

i received the new version of Bogie which comes with a Neural Network indicator on 8 feb 2008. the back-testing charts in the attached document looked good (see above link to the Word document)… but it’s still “BACK-TESTING”.

as we all know now, back-testing and optimising did not help in making Bogie-ATC2007-1 profitable in the past… so i’m going to be somewhat skeptical about the wonders that this Neural Network filter can do. it’s clear that William Boatright has FX flowing in his blood…. and his commitment in creating the best EA (in his ability) has continued to hold firm. but despite that, what really counts is when the Expert Advisor brings in the pips… everything else is secondary when results are not showing………… yet :O)

so as of today, i’ve placed the new Bogie-NeuralNetwork-1 EA on the tracks… using default settings with StartTime = 18. the LIVE forward-test statement (updated every 10 mins) can be viewed here : http://www.ckowyong.com/blog/statements/bogie-neuralnetwork-1

fyi, the new Bogie-NeuralNetwork-1 now comes with 2 additional files :
1) Bogie-NN-IND-v1.ex4 (indicator)
2) Bogie-NeuralNetwork-1-lib.ex4 (library)

if you would like to view the actual statement off InterBankFX’s server, you can make use of the below read-only investor password :

Login : 1847631
Password : t6byxmk (read only password)

good trading to all!!

- ck (email : ckowyong@gmail.com)

IMPORTANT : please do not rush out and subscribe to Bogie just because it’s now using a “Neural Network” filter. just watch the forward-test that i’m running and make your decision after it makes some trades (hopefully winners!!). but if you do subscribe, please quote “ckowyong” in your order to get a discounted rate. doing so will also allow me to get a little commission… which helps a great deal in keeping this blog running.

ps : there are a few sites on the internet promoting William’s EA… google it and visit them to get a feel of what the others are saying about it. it’s always good to compare the notes of different reviewers… as each reviewer can only draw from their own personal experiences and knowledge… and this alone can vary a lot).

pps : if you’ve found this post helpful (or objectionable), i would appreciate if you could leave your comments and feedback here : http://ckowyong.com/blog/?p=29

would love to have a coffee too if you are feeling generous :O) …. thanks in advance!! :O)

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if you’ve not read my review about the PipForia Hedged Grid Expert Advisor, here’s the link again : http://ckowyong.com/blog/?page_id=92

as mentioned earlier, i’ve managed to negotiate a small discount for those who subscribe to the PipForia HGM EA through me. so here’s the details….

the PipForia Hedged Grid EA subscription costs US$89 per month. David has been generous enough to allow me to offer all my mailing list subscribers a US$25 rebate* for the first month. what that means is that i’m helping you to lower down your risk of subscription by bringing your cost down to US$64. so instead of 9 pips, you now need less than a 7 pip gain on the 1st month to cover your subscription fee.

please note that David offers a 1 week free trial on his website : http://www.pipforia.com … so the best thing for you to do is to first get a hold of the free trial. once you are happy, subscribe to the full service at a discounted price of US$64. as a reseller, i will only get rewarded on your 2nd month of subscription (if you decide to stay on). ideally, i will hope that on the 2nd month, you will start to see for yourself if this system is really for you… or if it’s really making any good money. i really hope that this offer is good enough for you as i can’t really do any better without doing any injustice for the efforts that i’ve put into this blog.

once you are done with the free trial, you can subscribe to the REAL thing by clicking on the “Sign Up” link at the PipForia’s website. when prompted with the question “How did you learn about our site?“, please select “From CK Blog“. >>> this is very important as this is the only way to trace your subscription back to me so that i can give you the US$25 rebate*.

now… about the rebate, as you know, i only give out rebates in the form of KIVA.org gift certificates. this is how KIVA works :

a kiva.org gift certificate works this way :

1. i get a small commission when you subscribe to PipForia
2. once i receive the commission (usually a few weeks later), i will buy a US$25 kiva.org gift voucher and give it to you as a gift (ie. rebate for buying through me)
3. you cliam the gift by following the instructions and choose who you want to LOAN the US$25 to… helping them to get themselves out of poverty
4. when the LOAN gets repaid in full, you get back your US$25 as a kiva.org credit
5. once you have your US$25 credit, you can choose to cash it out, or you can loan it out again to help end world poverty (ie. renewable money!!)

KIVA.org is really something. in my opinion, if there’s anything capable of eliminating poverty in this World, micro-financing is IT… and KIVA.org is by far the best platform for individuals like us to get into the movement that was started by the father of micro-financing, Mr Muhammad Yunus. read more about this great man here : http://www.muhammadyunus.org

good trading to all!! - ck

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note : as usual, you will be able to see all LIVE foward-test statments here : http://www.ckowyong.com/blog/statements (updated every 10 mins)

we hit a milestone today :O) since starting a FaceBook group to elevate the time required to maintain this blog, the group has now grown to 100 members. and coincidentally, the 100th member is David Robinson, creator of the PipForia Hedged Grid Expert Advisor. i’ve invited him over to the group to answer some queries in this excellent discussion : http://www.facebook.com/topic.php?uid=6457269717&topic=3748

as a result of the thread, i have gathered the facts and figures and posted my review of PipForia. read the review here : http://ckowyong.com/blog/?page_id=92

i’d advise that you join the FaceBook group (with your real name please) to tap into the knowledge and experiences of the existing 100 members. it beats reading this blog as i can only afford to update it about once a week (that’s probably like watching a plant grow :O)

to be open about it, i am currently trying to negotiate a deal with David for PipForia. if all works out well, i should be able to give readers a rebate for buying/subscribing to PipForia through me. that’s what this blog is all about… finding good Expert Advisors and getting you discounts and rebates for buying them :O)

my mailing list members will be the first to know about new developements… so if you want in, please consider joining my mailing list by filling in the fields below :

ps : thanks to a generous coffee donor, i now have enough coffee money to subscribe to Artemis-Breakout for 2 months (€140!). will start testing it once it gets back on it’s feet and start making it’s usual gains. a good discount/rebate has already been worked out with the creator of Artemis-Breakout… but i would refrain from “selling” it to readers of this blog without first reviewing it myself to better understand it :O)

** please leave a comment if you have any queries and i’ll get to them asap. replies to emails will take longer… sorry **

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to sign up for this generous rebate, please use the link below…

http://www.traderschoicefx.com/metatraderea2.html

TradersChoiceFX is registered with the CFTC under the company name NCMFX, Inc. (NFA ID: 0367174) - http://www.nfa.futures.org/BasicNet/Details.aspx?entityid=0367174

Alexander Nekritin is the president of the company, and has been very helpful in fixing this up for the readers and subscribers of this blog. His NFA ID is 0367535 - http://www.nfa.futures.org/BasicNet/Details.aspx?entityid=0367535

* applies only to :
1) existing FXDD accounts that are currently not linked to any Introducing Broker. all you need to do is to email FXDD with your account number(s) saying “Please switch my account #XXXXX to the TradersChoiceFX IB group.”…. yes!… it’s that simple :O)
2) new FXDD accounts that are opened using the above link
important : existing FXDD accounts that are already getting rebates from TradersChoiceFX via another referring party are not eligible for this $4.50 rebate. this rebate is possible because i, as a referring party, am passing my referral fee back to you! i could have gone with giving you the standard $3.00 and kept $1.50 for myself, but i’m not after that kind of money… for now :O)

>>> [updated on 6th april 2008]

NB : due to some changes at TradersChoiceFX and FXDD, this rebate is now available to NEW ACCOUNTS ONLY who sign up using the above link.

DISCLAIMER

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