Hi All,
It's been some time since I've updated this blog. During these volatile economic times I have shied away from Forex and Stock trading. It's difficult even for the most seasoned trader to profit given the wild swings that we've experienced. Keep checking back as I will get back into the market at some future time!
I did want to mention that Sports Betting Champ is currently undefeated (74 Wins, 0 losses) during the current NBA season. This system is a good way to diversify some of your investment dollars away from high risk forex and equity trading. Please check out my past Sports Betting Champ posts for more information on this wagering system. Also, if you do decide to try the system, don't forget to order the Betting System Maximizer to limit your risk if we do experience a series loss.
Happy Spring!
Craig
Sunday, March 22, 2009
Tuesday, November 11, 2008
Forex Autopilot Reaps Over 4,400 Pips in 2 Months!!
If you're an avid reader of my blog you know I haven't had much confidence in the new version of Forex Autopilot. I was burned on the original version and brushed the new one off as more of the same. I have now compiled over 2 months of demo data and am compared to make a prediction: The new Forex Autopilot ROCKS!! From 9/4/08 to 11/11/08 the trading robot racked up over 4,400 pips. Here is the actual demo statement.
Here are a few tips to keep in mind if you plan to run the FAP on a live account:
1. Practice proper money management. My maximum drawdown has been 1,500 pips on a 1 mini-lot per trade, 2 max trades, account. I would recommend a $3,000 starting balance for a 1-mini lot setting. If I started with a live account of $3,000 on 9/4/08 my current balance would be $7,366, a 146% ROI.
2. Let the EA do its thing. Once you tamper with trades you are undermining the purpose of having a trading robot. If you're like me you'll check your trades about once an hour and freak out at the first sign of a loss. You need to keep a cool head. I don't recommend checking your account more than a couple times a week.
3. Don't trade with money you can't afford to lose. None of us can predict the future so be prepared to lose a substantial amount and if you can't handle that concept don't risk it.
4. Use a Virtual Private Server for trading. This ensures that you don't have to worry about your computer crashing.
Til next time,
Craig
Here are a few tips to keep in mind if you plan to run the FAP on a live account:
1. Practice proper money management. My maximum drawdown has been 1,500 pips on a 1 mini-lot per trade, 2 max trades, account. I would recommend a $3,000 starting balance for a 1-mini lot setting. If I started with a live account of $3,000 on 9/4/08 my current balance would be $7,366, a 146% ROI.
2. Let the EA do its thing. Once you tamper with trades you are undermining the purpose of having a trading robot. If you're like me you'll check your trades about once an hour and freak out at the first sign of a loss. You need to keep a cool head. I don't recommend checking your account more than a couple times a week.
3. Don't trade with money you can't afford to lose. None of us can predict the future so be prepared to lose a substantial amount and if you can't handle that concept don't risk it.
4. Use a Virtual Private Server for trading. This ensures that you don't have to worry about your computer crashing.
Til next time,
Craig
Saturday, October 11, 2008
Forex Autopilot / Wizard / Sports Betting Champ Update 10/11/08
Happy Saturday Everybody!
I have an exciting progress report from my Forex Autopilot demo account. The account is set up with default settings (2 max trades). Take a look. Yes, you read it correctly, 2,060 pips from 9/4/08 to 10/10/08 with only one 60 pip losing trade! Your first thought might be "Craig, it's time to close the blog because you just found the Holy Grail!"; however, there's one important tidbit that you can't see from the statement. At one point, the FAP was floating two losing trades with total negative pips of roughly 1,500. That's an amount that could blow out an account that isn't using proper money management! I thought the FAP would close out a huge loss at the end of September but thanks to the crumbling U.S. economy, the trend reversed and the month was saved. So here are my thoughts: You can't take away the fact that the EA closed an astonishing amount of pips in just over a month; however, I do think these are extraordinary times. Just look at the stock market and the insane volatility. I feel that this run might have been a stroke of good luck for the EA. Time will tell. My only advice is that if you do decide to use the EA on a live account, make sure you could weather a 1,500 pip drawdown OR set a high stop/loss.
My Wizard testing has come to a standstill thanks to the crazy stock market. The first week or so of trading was good but then everything came crashing down and I stopped trading. I don't think anybody can predict the markets from one day to the next at this point. Once things calm down and are a bit more predictible I will definitely try The Wizard again. Right now I feel like my best financial move is to use cash to pay down line of credit debt and just sit on the sidelines. If you're like me and still need to get a little action, here's something I've been doing. Check out the top day's losers on CNBC about an hour before market close. Find out why each stock is down significantly. Most likely there's a news story that preceded the drop. Today's market is driven by fear. It is very likely that the stock was oversold and there will be a bounce in the near future. Take a look at the company's fundamentals as well as the gravity of the news. Pick up some shares if you determine that this stock was oversold. Your goal is to sell it in the near future when the stock rebounds and cash in your profit. This is risky so don't commit too much of your portfolio. I'm sure there are plenty of deals out there for those willing to buy and hold.
I would like to remind everybody to check out my past posts about the Sports Betting Champ System and the Betting System Maximizer. The NBA season is fast approaching. Last year's record was an impressive 71-1.
I have an exciting progress report from my Forex Autopilot demo account. The account is set up with default settings (2 max trades). Take a look. Yes, you read it correctly, 2,060 pips from 9/4/08 to 10/10/08 with only one 60 pip losing trade! Your first thought might be "Craig, it's time to close the blog because you just found the Holy Grail!"; however, there's one important tidbit that you can't see from the statement. At one point, the FAP was floating two losing trades with total negative pips of roughly 1,500. That's an amount that could blow out an account that isn't using proper money management! I thought the FAP would close out a huge loss at the end of September but thanks to the crumbling U.S. economy, the trend reversed and the month was saved. So here are my thoughts: You can't take away the fact that the EA closed an astonishing amount of pips in just over a month; however, I do think these are extraordinary times. Just look at the stock market and the insane volatility. I feel that this run might have been a stroke of good luck for the EA. Time will tell. My only advice is that if you do decide to use the EA on a live account, make sure you could weather a 1,500 pip drawdown OR set a high stop/loss.
My Wizard testing has come to a standstill thanks to the crazy stock market. The first week or so of trading was good but then everything came crashing down and I stopped trading. I don't think anybody can predict the markets from one day to the next at this point. Once things calm down and are a bit more predictible I will definitely try The Wizard again. Right now I feel like my best financial move is to use cash to pay down line of credit debt and just sit on the sidelines. If you're like me and still need to get a little action, here's something I've been doing. Check out the top day's losers on CNBC about an hour before market close. Find out why each stock is down significantly. Most likely there's a news story that preceded the drop. Today's market is driven by fear. It is very likely that the stock was oversold and there will be a bounce in the near future. Take a look at the company's fundamentals as well as the gravity of the news. Pick up some shares if you determine that this stock was oversold. Your goal is to sell it in the near future when the stock rebounds and cash in your profit. This is risky so don't commit too much of your portfolio. I'm sure there are plenty of deals out there for those willing to buy and hold.
I would like to remind everybody to check out my past posts about the Sports Betting Champ System and the Betting System Maximizer. The NBA season is fast approaching. Last year's record was an impressive 71-1.
Thursday, September 18, 2008
Forex Autopilot and The Wizard Performance Update
Hi All,
I'll start with my weekly update of the Forex Autopilot. It is running on an IBFX demo account with default settings, 2 max trades, since 9/4/2008. The good news is that the FAP has closed 800 pips. The bad news is that it is floating 2 losing trades totaling 630 pips. Net result is +170 pips for the month. Interestingly only 3 of the 40 closed trades were buys. It is definitely picking up on the downtrend; however, both my losers are short (1.3902 and 1.4104).
I am also testing The Wizard signal provider for stocks. I have used it for a week now and have done fairly well. I had one losing trade that I closed out for a 6% loss but 4 other winning trades. One of my trades was actually up 27% in one day! I sold half of the position at a 12% profit as the system instructed. It's way too early to make a recommendation on this system. With a $99/month cost it has to perform well to make it worthwhile. I will say that I feel there are some bugs in the portfolio feature. This allows you to track your open and pending trades. I had one trade close out although the position should have really stayed open. The support person has been responsive but is basically claiming that it's working as intended, although I know that it's not. Oh well, I bought it for the signals anyway.
Until next week,
Craig
I'll start with my weekly update of the Forex Autopilot. It is running on an IBFX demo account with default settings, 2 max trades, since 9/4/2008. The good news is that the FAP has closed 800 pips. The bad news is that it is floating 2 losing trades totaling 630 pips. Net result is +170 pips for the month. Interestingly only 3 of the 40 closed trades were buys. It is definitely picking up on the downtrend; however, both my losers are short (1.3902 and 1.4104).
I am also testing The Wizard signal provider for stocks. I have used it for a week now and have done fairly well. I had one losing trade that I closed out for a 6% loss but 4 other winning trades. One of my trades was actually up 27% in one day! I sold half of the position at a 12% profit as the system instructed. It's way too early to make a recommendation on this system. With a $99/month cost it has to perform well to make it worthwhile. I will say that I feel there are some bugs in the portfolio feature. This allows you to track your open and pending trades. I had one trade close out although the position should have really stayed open. The support person has been responsive but is basically claiming that it's working as intended, although I know that it's not. Oh well, I bought it for the signals anyway.
Until next week,
Craig
Thursday, September 11, 2008
New Forex Autopilot Results 9/11/08
I've been running the new Forex Autopilot EA on a demo account since 9/4 with default settings. On 9/8 I changed the max trades setting to "2". Here are my current results.
As you can see it closed an amazing 660 pips between 9/4 and 9/11; however, floating losses total 424 pip. Although the net is still a very respective positive (+236 pips) I still feel that trading without a stop loss is a scary venture. I for one am not convinced that this EA is totally "fixed". I am going to continue to run this EA on the demo account and will update you when I have more info.
I have decided to take some time away from Forex trading. I've been trading since the beginning of the year and have found Forex to be an extremely difficult market. I have made nice profits, only to give them back to the market just as quickly as they came. I have decided to go back to my first love, stock trading.
I am testing a new (in '08) service called The Wizard. The site offers specific entry and exit signals for stocks, futures, ETF's, and even Forex. The site is more of a tool than a stock picking site. Their proprietary trend indicators pick the direction of specific industries and then recommend stocks within those industries. The idea is always to trade with the trend. As far as I can tell the results have been great. This week's results are always posted on the homepage. The site was created by Gene Stunkel, who from a quick Google search appears to be a legitimate trader/speaker/banker/real estate investor. You pay a monthly fee for each product. The stock site is $99/month, so you probably want to have at least $5,000 to trade with to use this product. I will begin picking stocks this week and will update my blog periodically. I would love to hear if anybody has used this service and if so, what the results were. I have not found much in the way of reviews as this was launched in spring of '08.
Til next time,
Craig
As you can see it closed an amazing 660 pips between 9/4 and 9/11; however, floating losses total 424 pip. Although the net is still a very respective positive (+236 pips) I still feel that trading without a stop loss is a scary venture. I for one am not convinced that this EA is totally "fixed". I am going to continue to run this EA on the demo account and will update you when I have more info.
I have decided to take some time away from Forex trading. I've been trading since the beginning of the year and have found Forex to be an extremely difficult market. I have made nice profits, only to give them back to the market just as quickly as they came. I have decided to go back to my first love, stock trading.
I am testing a new (in '08) service called The Wizard. The site offers specific entry and exit signals for stocks, futures, ETF's, and even Forex. The site is more of a tool than a stock picking site. Their proprietary trend indicators pick the direction of specific industries and then recommend stocks within those industries. The idea is always to trade with the trend. As far as I can tell the results have been great. This week's results are always posted on the homepage. The site was created by Gene Stunkel, who from a quick Google search appears to be a legitimate trader/speaker/banker/real estate investor. You pay a monthly fee for each product. The stock site is $99/month, so you probably want to have at least $5,000 to trade with to use this product. I will begin picking stocks this week and will update my blog periodically. I would love to hear if anybody has used this service and if so, what the results were. I have not found much in the way of reviews as this was launched in spring of '08.
Til next time,
Craig
Friday, September 5, 2008
Follow Up Post on Forex Autopilot
I just wanted to share some exciting results from the new Forex Autopilot EA. This is running the default settings and starting only yesterday. The EA is set to trade a maximum of 2 trades at the same time. Take a look at the 15-min chart (reds=sells, greens=buys):
That's a total of TWENTY 20-pip profitable trades over 24 hours for a grand total of 400 closed pips!! I have 2 floating trades which net to +13 pips. 24 hours doesn't mean much in the long run but it was a heck of a start. I look forward to posting more results next week.
Have a great weekend,
Craig
That's a total of TWENTY 20-pip profitable trades over 24 hours for a grand total of 400 closed pips!! I have 2 floating trades which net to +13 pips. 24 hours doesn't mean much in the long run but it was a heck of a start. I look forward to posting more results next week.
Have a great weekend,
Craig
Thursday, September 4, 2008
Bogie-NN-v8 Performance Update and NEW Forex Autopilot Info
Hello All,
Now that summer is winding down I should have more time to stay current with my posting.
The Bogie-NN-v8 experienced issues picking up on the change in market direction in early August. I basically gave back all of the profit that I had made the weeks prior. I turned the EA off for about a week or so then started it up about two weeks ago. A week later and I was up about 15%. Today I turned the EA off after once again giving back all of the profit I earned. I am very disappointed as I had hopes that this EA was something special. Please take a look at CK's live results here. CK's EA was set to the original settings; however, it should be noted that Boatright issued new settings a few weeks ago. Unfortunately I was using some custom settings so I don't have results using the recommended settings.
I received an interesting email from Forex Autopilot yesterday. They claimed to be offering a new FAP that was capable of picking up on both up and down trends. I was actually amazed that they finally admitted that the weakness of the EA was that it couldn't pick up on downtrends!! Anyway, the new FAP is free to download for past purchasers so I gave it a try. My demo account closed 7 20-pip profitable trades since yesterday. Interestingly, most of the trades were shorts so I guess it is now capable of picking up on a down market.
I also discovered a site called FAP Winner. It was created by Charles Floyd, who claims to be a professional trader. The site includes a FAP EA with custom settings (you don't need to buy one separately), access to a fairly active forum for questions/answers about FAP, a custom trading plan, and a weekly trading strategy. I found the weekly trading strategy to be useful. He will note things such as: "set EA to only longs this week" or "set EA to trade only during European session". These recommendations seem to be well thought-out. I was concerned about something they call the "March to a Million". Charles will send you a custom trading plan set to your account balance and based on how you can reach a million dollars in two years. My first recommended trade was 1 standard lot for my $10,000 account. If you recall, FAP doesn't have a S/L so there is a potential for huge drawdown. A 400 pip DD would put me at 40% DD based on the trading plan. I don't feel that this is proper money management.
I am currently trading both the FAP Winner EA/trading strategy and the standard new FAP on a live account (set to 1 mini lot trades). I'll plan to share my results with you soon.
Cheers,
Craig
Now that summer is winding down I should have more time to stay current with my posting.
The Bogie-NN-v8 experienced issues picking up on the change in market direction in early August. I basically gave back all of the profit that I had made the weeks prior. I turned the EA off for about a week or so then started it up about two weeks ago. A week later and I was up about 15%. Today I turned the EA off after once again giving back all of the profit I earned. I am very disappointed as I had hopes that this EA was something special. Please take a look at CK's live results here. CK's EA was set to the original settings; however, it should be noted that Boatright issued new settings a few weeks ago. Unfortunately I was using some custom settings so I don't have results using the recommended settings.
I received an interesting email from Forex Autopilot yesterday. They claimed to be offering a new FAP that was capable of picking up on both up and down trends. I was actually amazed that they finally admitted that the weakness of the EA was that it couldn't pick up on downtrends!! Anyway, the new FAP is free to download for past purchasers so I gave it a try. My demo account closed 7 20-pip profitable trades since yesterday. Interestingly, most of the trades were shorts so I guess it is now capable of picking up on a down market.
I also discovered a site called FAP Winner. It was created by Charles Floyd, who claims to be a professional trader. The site includes a FAP EA with custom settings (you don't need to buy one separately), access to a fairly active forum for questions/answers about FAP, a custom trading plan, and a weekly trading strategy. I found the weekly trading strategy to be useful. He will note things such as: "set EA to only longs this week" or "set EA to trade only during European session". These recommendations seem to be well thought-out. I was concerned about something they call the "March to a Million". Charles will send you a custom trading plan set to your account balance and based on how you can reach a million dollars in two years. My first recommended trade was 1 standard lot for my $10,000 account. If you recall, FAP doesn't have a S/L so there is a potential for huge drawdown. A 400 pip DD would put me at 40% DD based on the trading plan. I don't feel that this is proper money management.
I am currently trading both the FAP Winner EA/trading strategy and the standard new FAP on a live account (set to 1 mini lot trades). I'll plan to share my results with you soon.
Cheers,
Craig
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