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Tuesday, November 23, 2010

A new direction?

In my previous post I was excited about my new prospect. That fell through (failed the test). And I am moving on...

I am testing 2 Forex robots  (EAs) that have fantastic back tests, and so far fantastic live tests, actually they have done much better than expected!

My current Managed Account has a projected ( and proven in the past) 200% + compounded gross gain per year, it is at 120% (83% cumulative) as of today in less than 7 months, so were on target  :)



With these new EAs that are being tested we are looking at risking no more than 5% on one and 2% on the other per trade, but with back tests each show a gain of over 400% per year! SO, if these robots pass my stringent testing in my live test account and I add them to the current Forex Managed Account we will have a 1000% per year account... Oh, yes! that's 10,000.00 into 100,000.00!!! I have got my hopes up before, and had them crushed but this feels different, let me tell you that this strategy has already passed my 3 month test (Manual), the EAs have been doing it BETTER than the manual trading did so I am very confident that these two Robots will pass the test!

NOTE:
The creator of these robots is only using them in his own account and allowing me to use them in my Forex Managed Account (he is an investor  :) as we are friends and he loves that I am trying to create a real investment for the regular person. These EAs are exclusive to Funds Forex Managed. The strategy is actually, backwards of the way robots are going these days -more and more complex, his strategy is the definition of simplicity, and the bot hes running loves it  :)

PS... He has another EA being programmed right now, (ETA one month before testing can begin) This is something he is super excited about he has manually back tested the strategy and the results are astounding... I don't want to tell much more, just that if it translates into a working EA then it's pretty much Game, Set, Match.

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