::: about me :::
…family, friends and money… that’s what’s driving me these days.
welcome to my blog. i hope the information found here will be useful to you in one way or another… especially those about investing, forex trading, and forex trading using automated trading systems (ie. expert advisors).
since feb 2007, i’ve been intriged by something called an EXPERT ADVISOR. what is it? in a nutshell, it’s an automatic trading script that is able to fully automate the entire trading process; from trade entry to cutting losses to taking profits…. if written well, a good Expert Advisor can also make money management decisions (ie. how many lots to trade, how much capital to risk per trade, etc) according to the investor’s risk apetite. there are many kinds of automated trading systems, and Expert Advisors is just one of them that seems to be quite popular in FOREX trading.
for a few months now, i’ve been actively exploring into this area… searching for reliable Expert Advisors, testing them out by back-testing and, most importantly, forward-testing. forward-testing is the act of running the automated trading system/strategy live, but trading on a paper/demo account that some brokers provide. forward-testing gives the investor a good feel of how the Expert Advisor trades and reacts (or not) in different market conditions. forward-testing is KEY in determining if an Expert Advisor is good enough to trade with real money. it’s as close as you can get to trading live.
so there…. you can tell that i’m hooked on Expert Advisors. to be more specific, i’m hooked on finding the best available Expert Advisor out there in the market. there are lots of badly written ones out there, claiming to be able to generate amazing returns. some i’ve bought with regrets, but there are also some damn good ones!
i’m currently live trading with one and forward-testing 5 others. the experience has been very encouraging, and i’m planning to create a dedicated section in this blog to document my thoughts and results of these Expert Advisors. i’ll probably make it into a “Forex Expert Advisor Reviews” or something like that, and post un-biased opinions and observations about the Expert Advisors i’m using and testing.
you may want to consider bookmarking this page if you would like to know more about the Expert Advisors that i’ve been using and testing. you could also drop me a message at ck@ckowyong.com so that i can send you a note when my “Forex Expert Advisor Reviews” section materialises. target launch : 31 aug 2007.
to our success!! - ck :O)
buy ck a coffee :O)
