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a new direction…

just in case you are wondering, this post is not about PIPforia :O)

A Glimpse of Hope

something’s been brewing for about 5 months now.  it all started with a gentlemen showing me an account that doubled within a month.  it intrigued me and we discussed about the possibility of commercializing it.  that’s about the time i sent out a private message to all my subscribers (then about 1350+), asking if anyone would be interested in a system that could generate 80% to 100% per month.  well… needless to say, the excitement did not last long.  the system was excellent in the beginning, but started to have difficulty making new equity highs from the 2nd month on.

of the 1350+ blog subscribers that got my private message, about 470 people responded with interest.  who wouldn’t??!!  even at 20% a month, the EA would be selling like hotcakes (in my opinion).

then it dawned on me!  this blog is titled “Finding the Best Forex Expert Advisor”.  it’s been running for more than 20 months already.  readership wise, i now have 1557 subscribers / EA enthusiasts in my mailing list, 1388 members in my FaceBook group, and 603 members in my MeetUp group.  everyone’s looking for it… but no one (as far as i know) has found one yet (PIPforia’s HGM does not count since it’s more like a tool rather than a 100% fully automated expert advisor).

there has been recent big launches like FapTurbo, MegaDroid, GOmega, etc etc… with very slick and professional looking selling pitches.  they are getting so convincing (because they are marketed by professionals) that their stuff are selling like crazy even without showing (in true 100% transparency) a LIVE “real money” MT4 statement!  it just did not make sense to me at all.  showing LIVE account statements are very easy to do with the MT4 publisher feature, HTML statements and investor read-only passwords.  however most sellers are still not able to show their LIVE trading accounts without holding back something.

The DEMAND and SUPPLY Mismatch

looking at the situation from a higher level, it’s obvious that there is a rapidly growing population of investors/traders looking for truly genuine and profitable expert advisors.  at the same time, there is a constant chain of expert advisors being released into the market place, all claiming that they are highly profitable.  however, there’s a very disturbing fact in this DEMAND and SUPPLY picture.

ideally, the supply should meet the demand and an equilibrium should be formed.  buyers and sellers should both be happy, but that’s not the case.  what’s being created by the this unique case of demand and supply is a VACUUM… one that’s building up gradually… the pressure getting more and more unbearable each day.  it’s getting uncomfortable… and many people are getting frustrated.  i’m getting frustrated and tired too.  aren’t you?

A New Direction

it was in Jan 2009 when it struck me.  why search and evaluate commercially available EAs?  there are already countless EA review sites these days.  i then made a decision that i no longer wanted to be on the DEMAND side of the equation since i can’t control the quality of the SUPPLY.  so the journey began… (more about my journey on the next post)

PS :if you would like to receive timely updates on what’s happening on this blog (and in my endeavors), do consider joining my mailing list by filling up the fields below.  your privacy is my priority… and i guarantee you that i’m not one of those who sends out “offers” after “offers” to make you buy something.

NB : this new journey has kept me really busy for the last 4-5 months.  i apologize if i’ve not replied to your emails or FaceBook messages lately.  however, if you leave a comment on this blog, i will endeavour to reply to every single one as soon as i can.  just click on the “comment” link below to leave a message.

buy ck a coffee :O)

  • Really good work about this website was done. Keep trying more - thanks!
  • Andrew
    I always enjoy your posts CK. They\'re honest, and give hope with no Fluff. Keep up the good work sir!
  • Buddy, Join my network here !

    Buddiez Network !
  • BenScoobert
    a martingale type ea ive been testing too
    http://benscoobert.mt4stats.com/

    wouldnt trust it on live account, but its doing well
  • @Dale I really agree with you. It is very few EA:s outthere that actually show live stats. M5G Cyborg is however one of them.

    I just wrote a blogpost about that EA: fapturboguide.blogspot.com
  • BenScoobert
    @Dale heres my mt4 stats page, totally EA http://benscoobertgrail.mt4stats.com/

    @PaulB do you have a good EA for it? I have one but is written by a foreigner and I dont know what parameters to set
  • PaulB
    have you tried originalturtletrader expert advisor yet? At least you know what rules it is following and have many years of proven results as it is a professionally traded strategy shown to earn 80% per year on average
  • Berdj
    CK
    Thanks for the information you are providing it is very useful.
    I attended the webinar last week Aetherfx can you tell me if you are in it and what your experience has been so far.
    Tks
    Berdj
  • olaniyi
    hi CK thanks once again for this blog , have you got any recent review on ABO expert advisor, how can i access the performance of this EA before purchase please advise me


    thanks
  • Dale
    Daniel your right but I have my way of telling. The ticket system (numbering) is a tell tell sign of DEMO or LIVE but it does take some checking into with a brokers demo platform. Most use IBFX or FXDD and I use them also so I can tell right away which kind it is BUT asking the developer to tell you can also be a tell tell sign about their honesty.

    Greatest Success ***Dale***
  • Daniel
    HI Dale,

    The site is great. However no one knows if that's an demo
    account or a live account statement. :=)
  • Dale
    Hey I have tried for many months to get MT4 EA developers to post their LIVE real money account at www.MT4stats.com with NO luck. This site is free and works great. HTML's can be edited as I have "caught" som doing that to make their EA look good. www.MT4stats.com is free and is the transparency we are looking for in this industry. Unfortunatly, these deveolpers want to "pull the wool over our eyes" BUT with this free tool NOT any more!! CK you Rock! keep up the good work and lets get those marketers to "show us before we buy" !!!!!!
    Greatest Success ***Dale*** the 4xfreak
  • @Paul : thank you! i'm doing whatever it takes to achieve that goal. i won't let the 1604 loyal readers of this blog down... else this blog would become a bloody waste of time, both mine and it's readers'.
  • Paul
    Thank you so much,
    I think you are right 2 dollars for coffee is an insult for the quality information you provide. I hope you can direct your followers to a few good conventions for EA programming and software :)
    Thanks again,
    Paul
  • @Fostea4073 : glad you are enjoying the blog :O)

    @BenScoobert : :O)
  • BenScoobert
    @BenScoobert : if the variation is still a martingale, i would urge you to move on to other EAs mate.

    it is and I have :-)
  • fostea4073
    I'm new to your blog but so far very much enjoying it. I think I'll starte a facebook account to keep up on what's going on.
  • @BenScoobert : if the variation is still a martingale, i would urge you to move on to other EAs mate.

    @mike : read this thread... you need to send an email to the creator to ask for it
    http://www.facebook.com/topic.php?uid=6457269717&topic;=6366
  • mike
    CK, where can I get some info on the usdcad terminator EA?

    Keep up the good work!!!!!!!!

    Thanks!
  • BenScoobert
    #
    ckowyong said,

    April 13, 2009 @ 1:41 am

    @BenScoobert : thanks for the link mate. any of the EAs from that huge list worked for you?


    I tried a few variation on the 10point3 but nothing jumping out at me yet
  • @Sandy : thanks! :o) yes... i get your drift about having different strategies within the same EA. definitely workable :O)

    @Mitsutoshi : thank you! will keep everyone posted via this blog for sure :O)

    @Steve : yes, i'm still using the PIPforia HGM EA, but exploring other options too :O)

    @Olaniyi : sure will! :O)

    @Greg : email me at ck@ckowyong.com

    @Gordy : good analogy about hunting for killer deals in the public domain :O) looking forward to your offerings.

    @Henry : will inform you when my EA(s) is ready :O)

    @Bouchet : thanks. i'm looking forward to the day when i can offer a great EA to everyone too :O)
  • Bouchet
    Satisfait de vous retrouver et vous souhaitant de nous faciliter le choix de solutions réellement avantageuses.
    Est- il possible d'en savoir plus sur FX Auto Cast dont les résultats semblent très en courageant
    Cordialement
    JP Bouchet

    Satisfied to find you and wishing you to facilitate the choice of really advantageous solutions to us.
    Is it possible of more on FX Auto Cast whose results seem very by courageant Cordialement
  • henry
    hi Ck,
    thats a great one. kindly keep me informed when ur ea is ready. thanks
  • henry
    hi Gordy,
    i am impressed with the result of that ea. kindly link me up with those guys. thanks
  • Daryl
    Hi Gordy,

    I,m impressed with the EA. Can you put me in trouch with the developer?

    Thanks.
    Daryl
  • William
    Amazing result indeed on this statement, Gordy. I did quite well on my manual trading last year, but nothing compared to this from EA trading, which does not even register a single losing trade? Is this live statement? If not, is there a site to see live statements?

    William
  • Daniel
    hi gordy,

    thanks for sharing the live statement of those guys. really impressed by their result.

    im pretty much interested in their EAs. is there any way to contact them through you?

    thanks alot.

    daniel
  • Gordy Hamm
    Like Ive always said.. The EA's that work are never sold. So it makes sense to NOT evaluate EA's that everyone knows about. Kind of reminds me of trying to find a killer deal looking at real estate listings.. Most times, good deals arent publicized

    Recently for instance, we started talks with a guy that intends to use our FXAutoCast platform to Transmit trades to a user base. It wont be cheap, he will prob sell it for 299 a month+. Anyway, heres a recent REAL statement from him. My point is? There is good stuff out there, you just have to look for it, and be willing to pay for it. Most people on the EA forums arent willing to pay for anything.. Some just come to criticize, and call people scammers etc. This makes most professional trades lay low, and stay away from forums.

    Here's one guys statements. To be honest, Im meeting these guys more often every day.
    http://www.yodatrade.com/LiveStatement/HistoryReport.htm

    Gordy Hamm
  • Greg
    ck,

    I'm interested in your EA project.

    Can you recommend a good MT4 coder coz I too have system that I plan to make it automatic.

    thanks bud.
  • olaniyi
    hi CK thanks for the update, do keep me posted on your future endeavour

    txs
  • Steve
    CK,

    Are you still using the Pipforia EA? What is th estataus on this EA?

    thanks,

    Steve
  • Mitsutoshi
    Hi CK,

    Pls update me on your new endeavor. I'm very interested in it ;-)
    Good luck for you and your journey!!

    Mitsutoshi
  • sandy
    CK Good luck and I'll be interested in your future posts on this.

    I will state the obvious though. Because the market changes from trending to ranging and back at the drop of a hat and reacts to news and events I've always thought that looking for ONE ea to be profitable was a mistake. It makes more sense to run eas specific to the market for the pairs you're trading. And if the market changes then you run a different ea. One EA that detects market type and changes? Maybe. Or maybe a market detector EA that evalutes the market type (trend, range, something in between) and then somehow activates the right EA. The possibilities are intriguing.

    Sandy
  • @BenScoobert : thanks for the link mate. any of the EAs from that huge list worked for you?
  • BenScoobert
    http://www.forexmt4.com/_MT4_Experts/

    here is a huge list of already available EAs, hope this helps
  • @Danny : you'll definitely hear about it when it launches :O) it's not an EA of mine, but more like a collaboration with professional traders and expert programmers to create the EA(s). some that are being tested are private projects by independent EA creators.

    @KC Tan : as above :O) it felt like the natural way to progress forward :O)

    @Peter Bain : are you THE "Peter Bain"? anyway, thanks for your note. i'll journal my journey on the blog for sure :O)

    @jmot : thanks mate :O) life should be exciting! if it's not, you better do something about it :O) hope to deliver the good news soon too.

    @Ronnie : thanks Ronnie :O) see you at the finishing line! :O)

    @Yoohan : that's a nice gain. congratulations! :O)
  • Hi CK

    Thanks for a great blog.

    I look forward to hear more about your journey and possibly a new EA.

    I agree that the launches of FAP Turbo and MegaDroid have been extreemely hyped and lots of strange stuff is going on in their marketing campaigns.

    I am however achieving great results with these EA:s on my live account. My primary account is up 39% after 6 weeks.

    I have several demo- and live acconut statements posted on my blog at

    fapturboguide.blogspot.com


    //Yoohan
  • Ronnie Lee
    u have finally see the light; it took awhile but better than not realising it; now that u realised what is the right thing to do, it will be the start of another journey; see u at the next milestone!
  • bro, u are never short of exciting stuff! hear from u soon!
  • Peter Bain
    Always interested in hearing about your EA journey CK. Please tell me more!

    Cheers,

    Peter
  • Hi CK, so now you are developing your own EA? Sounds pretty cool!

    Looking forward to hear more from you =)
  • Danny
    Looking forward to hear more details about your journey to join the SUPPLY side. Guessing that you have been working on an Ea of your own over the past few months? :)
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