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
Showing posts with label Bogie-NN-v8. Show all posts
Showing posts with label Bogie-NN-v8. Show all posts
Thursday, September 4, 2008
Thursday, August 7, 2008
Bogie-NN-v8 Performance Update 8-7-08
Hello,
This has been a disappointing week for the Bogie-NN-v8 Expert Advisor. Last week at this time I had closed a 10% return after only 2 weeks of trading. At this moment my account balance is -3.6%. So what happened???
July 31st through August 5th the market was basically sideways. Big pip gains were not easy to come by with the EURUSD trading in such a tight range. On August 5th the trend became strongly bearish and we saw the price drop over 350 pips since August 4th. I experienced three big losses, all on long positions. Immediately people on the discussion forums were proclaiming that this EA can't handle a downtrend. After studying the charts since the inception of this EA (June 1), the entire month of July was basically a downtrend and the EA still posted a 27% return according to the Bogie Blog site. This would dismiss the idea that it simply can't handle a bear market. So I asked this question directly to the developer. Here is William Boatright's response:
"We are also seeing these results. Not sure if just short term. Subscribers may want to only run a Demo right now or reduce input Risk=1 (1%) until we see what is happening. Also, it is difficult for EA to trade in this current lateral choppy market. End of July through August is not good trading time as many US and European large institutional traders are on vacation. The success of this EA has been to take advantage on wins and try to minimize loses. But losses will happen."
I have not completely given up on this EA. If you take a look at CK's demo results you'll see that his account is still boasting a 79.5% return since 5/29/08. That is still a spectacular return.
I hope that Boatright can make the adjustments (if neccessary) to right whatever is wrong. If you got a chance to listen to his interview you know that he is constantly optimizing his EA's and subscribers will have access to the most current version each month. As for now I have my live EA set to only take short positions. I will do this until I see that the demo accounts are performing correctly.
Thanks for reading and please feel free to share your comments on this EA. Don't forget, if you do decide to purchase this EA please click on the Bogie logo to the right of this post to take advantage of the special 20% discount.
Craig
This has been a disappointing week for the Bogie-NN-v8 Expert Advisor. Last week at this time I had closed a 10% return after only 2 weeks of trading. At this moment my account balance is -3.6%. So what happened???
July 31st through August 5th the market was basically sideways. Big pip gains were not easy to come by with the EURUSD trading in such a tight range. On August 5th the trend became strongly bearish and we saw the price drop over 350 pips since August 4th. I experienced three big losses, all on long positions. Immediately people on the discussion forums were proclaiming that this EA can't handle a downtrend. After studying the charts since the inception of this EA (June 1), the entire month of July was basically a downtrend and the EA still posted a 27% return according to the Bogie Blog site. This would dismiss the idea that it simply can't handle a bear market. So I asked this question directly to the developer. Here is William Boatright's response:
"We are also seeing these results. Not sure if just short term. Subscribers may want to only run a Demo right now or reduce input Risk=1 (1%) until we see what is happening. Also, it is difficult for EA to trade in this current lateral choppy market. End of July through August is not good trading time as many US and European large institutional traders are on vacation. The success of this EA has been to take advantage on wins and try to minimize loses. But losses will happen."
I have not completely given up on this EA. If you take a look at CK's demo results you'll see that his account is still boasting a 79.5% return since 5/29/08. That is still a spectacular return.
I hope that Boatright can make the adjustments (if neccessary) to right whatever is wrong. If you got a chance to listen to his interview you know that he is constantly optimizing his EA's and subscribers will have access to the most current version each month. As for now I have my live EA set to only take short positions. I will do this until I see that the demo accounts are performing correctly.
Thanks for reading and please feel free to share your comments on this EA. Don't forget, if you do decide to purchase this EA please click on the Bogie logo to the right of this post to take advantage of the special 20% discount.
Craig
Thursday, July 31, 2008
Bogie-NN-v8 Performance Update 7-31-08
Hello Everybody!
My second week of trading has not been quite as profitable as the first; however, an almost 10% return (almost 11% counting my floating profit) over two weeks ain't too shabby!
This week has been tough for the EA. The EURUSD has been consolidating and trading in a tight range over the past three days. The Bogie-NN-v8 prefers trending markets. The goal is for 60% profitable trades according to developer William Boatright; therefore, the wins must be significant to achieve the kind of return that this EA has demonstrated. The longer I use this EA, the more I learn about its strategy. I got some insight from a great interview with Boatright that you can find here. Thanks to CK Owyong for setting up an informative question/answer forum. If you are truly interested in learning more about this EA I highly recommend you take an hour to listen to the full recording.
I was frustrated twice this week to see two profitable trades slip into a loss and a minimal gain. It seems that this strategy is the "go big or go home" strategy. When it picks up on a nice trend it attempts to ride it as long as possible. We will need to live with the occasional win-turned-loss if we want to cash in on the 200-300+ pip wins.
Tomorrow morning is the Nonfarm Payroll Report. During Boatright's interview he recommends shutting down the EA during major news reports. I am contemplating whether or not to shut it down tomorrow. In my case if I shut it down I will miss the entire day of trading; however, I could avoid a big loss if I'm in a trade and the currency gaps in the wrong direction. Boatright feels that the major reports to avoid are the NFP and the US and EURO prime rate change meetings. Take into consideration that results shown on Boatright's website are trading 24/5, through the news reports.
I continue to be optimistic about this EA for a number of reasons:
1. I have confidence in the developer. Boatright placed 2nd in the Automated Trading Championship last year. Listen to his interview, he is very low-key and is not simply hocking his product. He seems genuinely interested in creating a profitable EA. His motto is "Steady Equity Growth is the Name of the Game". He does not claim to make you an overnight millionaire.
2. The structure of the purchase ensures that the developer will continually be refining the product. If this EA turns out to be a failure his subscription income will cease. Boatright recently quit his "day job" and is now making his living from the results (ultimately in subscriptions) of this EA.
3. I have scoured forums and other forex sites. I have found forward tests beginning in the end of May that show significant profitability and limited risk. I have seen charts that show the EA entering and exiting positions with uncanny accuracy. The EA had the first back-to-back loss this past week since testing began in late May.
4. Stop losses are custom set to the user's specs. I know that I cannot lose more than 10% equity on any one trade. This ensures that I don't have a runaway trade that bankrupts my account.
I plan to add more money to my account shortly and potentially a greater chunk if results continue. As always, my to-date detailed statement is posted below. Keep in mind this is on a live money account which started at $3,611. Here are my settings: UseEmail=true ; UseMM=true ; MiniAcct=true ; Risk=50 ; Lots=0 ; TakeProfit=0 ; StopLoss=200 ; TrailingStop=170 ; BuyTrigger=54 ; SellTrigger=74 ; MagicNumber=12345 ; NoTradeDay1=6 ; NoTradeDay2=6 ; RenewalWarning=true.
If you plan to purchase this EA, please use my special discount link (banner to the right of this post) to get a 20% discount (only $40 per month).
Til next week,
Craig
My second week of trading has not been quite as profitable as the first; however, an almost 10% return (almost 11% counting my floating profit) over two weeks ain't too shabby!
This week has been tough for the EA. The EURUSD has been consolidating and trading in a tight range over the past three days. The Bogie-NN-v8 prefers trending markets. The goal is for 60% profitable trades according to developer William Boatright; therefore, the wins must be significant to achieve the kind of return that this EA has demonstrated. The longer I use this EA, the more I learn about its strategy. I got some insight from a great interview with Boatright that you can find here. Thanks to CK Owyong for setting up an informative question/answer forum. If you are truly interested in learning more about this EA I highly recommend you take an hour to listen to the full recording.
I was frustrated twice this week to see two profitable trades slip into a loss and a minimal gain. It seems that this strategy is the "go big or go home" strategy. When it picks up on a nice trend it attempts to ride it as long as possible. We will need to live with the occasional win-turned-loss if we want to cash in on the 200-300+ pip wins.
Tomorrow morning is the Nonfarm Payroll Report. During Boatright's interview he recommends shutting down the EA during major news reports. I am contemplating whether or not to shut it down tomorrow. In my case if I shut it down I will miss the entire day of trading; however, I could avoid a big loss if I'm in a trade and the currency gaps in the wrong direction. Boatright feels that the major reports to avoid are the NFP and the US and EURO prime rate change meetings. Take into consideration that results shown on Boatright's website are trading 24/5, through the news reports.
I continue to be optimistic about this EA for a number of reasons:
1. I have confidence in the developer. Boatright placed 2nd in the Automated Trading Championship last year. Listen to his interview, he is very low-key and is not simply hocking his product. He seems genuinely interested in creating a profitable EA. His motto is "Steady Equity Growth is the Name of the Game". He does not claim to make you an overnight millionaire.
2. The structure of the purchase ensures that the developer will continually be refining the product. If this EA turns out to be a failure his subscription income will cease. Boatright recently quit his "day job" and is now making his living from the results (ultimately in subscriptions) of this EA.
3. I have scoured forums and other forex sites. I have found forward tests beginning in the end of May that show significant profitability and limited risk. I have seen charts that show the EA entering and exiting positions with uncanny accuracy. The EA had the first back-to-back loss this past week since testing began in late May.
4. Stop losses are custom set to the user's specs. I know that I cannot lose more than 10% equity on any one trade. This ensures that I don't have a runaway trade that bankrupts my account.
I plan to add more money to my account shortly and potentially a greater chunk if results continue. As always, my to-date detailed statement is posted below. Keep in mind this is on a live money account which started at $3,611. Here are my settings: UseEmail=true ; UseMM=true ; MiniAcct=true ; Risk=50 ; Lots=0 ; TakeProfit=0 ; StopLoss=200 ; TrailingStop=170 ; BuyTrigger=54 ; SellTrigger=74 ; MagicNumber=12345 ; NoTradeDay1=6 ; NoTradeDay2=6 ; RenewalWarning=true.
If you plan to purchase this EA, please use my special discount link (banner to the right of this post) to get a 20% discount (only $40 per month).
Til next week,
Craig
Wednesday, July 23, 2008
Bogie-NN-v8 Performance Update 7/23/08
Hi Everybody!
Last week I introduced the Bogie-NN-v8 Expert Advisor by William Boatright. I set the EA to work on my $3,600 live-money IBFX account on 7/16, exactly one week ago. Thus far I have been extremely impressed! Please read on...
This EA calculates lot sizes by your custom risk setting. On a standard account a risk setting of 5 equates to a 10% maximal drawdown (excluding swap) per trade. My first trade was set to a risk setting of 5 which resulted in a lot size of 0.18 mini lots. I then realized that I needed to set the risk to 50 due to the fact I was trading with a mini account. And by the way, the 10% max DD is always equal to a 200 pip S/L; therefore, if you set your max risk lower than you lot size will decrease to the point where your max risk is equal to 200 pips.
My first trade resulted in a 67 pip loss (only $12.06 due to my wrong risk setting). Second trade was a 12 pip profit, third trade a 73 pip profit, and the current open trade a 202 pip profit! A total net win of 220 pips over one week (including the open order). I realize this may be premature because the open order has yet to close but dollar-wise that equates to a 14.6% one-week return!
This is the first system I tested that uses some form of intelligent entry and exit. For example the Forex Autopilot limits profitable trades to X and losing trades are unlimited. Exit points simply depend on hitting a S/L or T/P. The Bogie-NN-v8 is constantly re-evaluating open trades and is willing to close a profit at 10 or 1000 pips depending upon internal indicators. The same goes for losing trades. My one loser was for 67 pips despite the maximal S/L of 200.
It's too early tell if this EA is the real deal but thus far I am feeling great about it. I have yet to pick out a deficiency. My one-week trade history is posted below. I will update my results next week.
A reminder that the Bogie-NN-v8 is being offered at a 20% discount only through this special link. By the way, my open trade is now up over $400 as I typed this - that's over an 11% return on my initial deposit!
Last week I introduced the Bogie-NN-v8 Expert Advisor by William Boatright. I set the EA to work on my $3,600 live-money IBFX account on 7/16, exactly one week ago. Thus far I have been extremely impressed! Please read on...
This EA calculates lot sizes by your custom risk setting. On a standard account a risk setting of 5 equates to a 10% maximal drawdown (excluding swap) per trade. My first trade was set to a risk setting of 5 which resulted in a lot size of 0.18 mini lots. I then realized that I needed to set the risk to 50 due to the fact I was trading with a mini account. And by the way, the 10% max DD is always equal to a 200 pip S/L; therefore, if you set your max risk lower than you lot size will decrease to the point where your max risk is equal to 200 pips.
My first trade resulted in a 67 pip loss (only $12.06 due to my wrong risk setting). Second trade was a 12 pip profit, third trade a 73 pip profit, and the current open trade a 202 pip profit! A total net win of 220 pips over one week (including the open order). I realize this may be premature because the open order has yet to close but dollar-wise that equates to a 14.6% one-week return!
This is the first system I tested that uses some form of intelligent entry and exit. For example the Forex Autopilot limits profitable trades to X and losing trades are unlimited. Exit points simply depend on hitting a S/L or T/P. The Bogie-NN-v8 is constantly re-evaluating open trades and is willing to close a profit at 10 or 1000 pips depending upon internal indicators. The same goes for losing trades. My one loser was for 67 pips despite the maximal S/L of 200.
It's too early tell if this EA is the real deal but thus far I am feeling great about it. I have yet to pick out a deficiency. My one-week trade history is posted below. I will update my results next week.
A reminder that the Bogie-NN-v8 is being offered at a 20% discount only through this special link. By the way, my open trade is now up over $400 as I typed this - that's over an 11% return on my initial deposit!
Wednesday, July 16, 2008
Bogie-NN-v8: Could This Be the Holy Grail??
Hi all!
I have exciting news to announce. After I had all but given up on finding a profitable Expert Advisor I may have found what I've been looking for. The Bogie-NN-v8 EA was released on June 1st, 2008 by William Boatright. Boatright earned $55,000 for his second place finish in the 2007 Automated Trading Championship. Boatright is highly regarded as one of the leaders in the automated trading industry. He has created a number of commercial EA's; however, the new Bogie-NN-v8 has people talking like never before.
Now before you poo-poo this as another affiliate promotion, please note that this is NOT a Clickbank product with a hyped up sales page and annoying pop-ups. Don't believe me - check out the site: Bogie Enterprises or Bogie Blog .
Bogie-NN-v8 produced an actual return of 79.8% during the month of June 2008. Risk percentage can be custom set. I set mine to the moderate setting of 5%. This equates to a maximal drawdown of 13.55% and generated a return of 179% between 1/1/08 and 6/1/08 according to the manual.
I discovered this product yesterday and had it running on my live account by last night. I plan to do weekly updates on my LIVE account performance.
The cost of this EA is $49.50 per month. I decided to see if I could negotiate a discount for my blog visitors (it never hurts to ask). Boatright is offering a 20% discount to visitors of Craig's Money Making Blog through this link. Unfortunately this is only valid for new members. Note that you must purchase through my link or you will pay the normal $49.50/month. Do yourself a favor and check this out. I am super excited to update you on my performance.
Craig
PS. If you are interested in the performance of the Forex Tracer EA on my demo account, account equity is currently down 6.7% since the EA started running. I do plan to update the statement at some point but am in no rush since it's not performing.
I have exciting news to announce. After I had all but given up on finding a profitable Expert Advisor I may have found what I've been looking for. The Bogie-NN-v8 EA was released on June 1st, 2008 by William Boatright. Boatright earned $55,000 for his second place finish in the 2007 Automated Trading Championship. Boatright is highly regarded as one of the leaders in the automated trading industry. He has created a number of commercial EA's; however, the new Bogie-NN-v8 has people talking like never before.
Now before you poo-poo this as another affiliate promotion, please note that this is NOT a Clickbank product with a hyped up sales page and annoying pop-ups. Don't believe me - check out the site: Bogie Enterprises or Bogie Blog .
Bogie-NN-v8 produced an actual return of 79.8% during the month of June 2008. Risk percentage can be custom set. I set mine to the moderate setting of 5%. This equates to a maximal drawdown of 13.55% and generated a return of 179% between 1/1/08 and 6/1/08 according to the manual.
I discovered this product yesterday and had it running on my live account by last night. I plan to do weekly updates on my LIVE account performance.
The cost of this EA is $49.50 per month. I decided to see if I could negotiate a discount for my blog visitors (it never hurts to ask). Boatright is offering a 20% discount to visitors of Craig's Money Making Blog through this link. Unfortunately this is only valid for new members. Note that you must purchase through my link or you will pay the normal $49.50/month. Do yourself a favor and check this out. I am super excited to update you on my performance.
Craig
PS. If you are interested in the performance of the Forex Tracer EA on my demo account, account equity is currently down 6.7% since the EA started running. I do plan to update the statement at some point but am in no rush since it's not performing.
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