Forex Shocker Official Website
backtsts here scam?
i no belieive. cna you?
Forex Shocker Official Website
backtsts here scam?
i no belieive. cna you?
Well there's only 1 way to find out right? Click buy lol~,no i'm just kidding. If not, just wait for someone to buy it then post some reviews or results on it.
If you notice, most of their pictures at the end seems to wane down a little (probably in the year 2007/2008), the most constant seems to be their USDCHF pair. If they provide backtest results on an individual yearly basis, like example from year 1999 to 2000, year 2000 to 2001, year 2001 to 2002, so on and so forth, all the way till the current date, it will probably give their customers a safer and better view on what their EA is capable of doing. In addition they can add a mt4stats.com demo or live trading account statement and provide a link for their customers to view the trade transactions being executed live, that will also produce more credibility for their EA.
Honestly, imo I don't think it's a scam, most EA bots which operates in the asian session's ranging periods on these pairs with the start time as 22:00 to 24:00 (or 00:00) for Tadawulfx's +1 GMT offset(with or without DST) and 23:00 to 01:00 for FxOpen's +2 GMT Offset(with or without DST), are able to net you constant profits on a 10 year basis. But they will require low spread rate on pairs like EURUSD/GBPUSD/USDCHF/EURGBP/EURCHF/USDCAD for it to function well.
Some other bots which utilizes this method to gain profits are, Fapturbo ($149), YourLucky(Free), Thunder4WD(Free). Keep in mind these bots listed here works extremely well on EURGBP and EURCHF, but they all need low spread brokers (2-3 pips), which is kinda hard to find now XD.
Probably one of the plus points which they could emphasize heavily is their bot's ability to work on the EURUSD and GBPUSD, that are one of the most liquid pairs.
EAs that utilizes Time Filters in this regard provides one of the best ways to ensure high profitability on all years. Example, after you have the Time Filters function programmed in, you can find another indicator(s), that works well on a Market Ranging basis, code it in and fine tune it according to it's pair's behavior using optimization tests. Then to maximize profits, either add multiple trade orders function or Money Management Function to adjust the Risk Settings based on Free Margin available. After which to safeguard your asset, you may add a BreakEven Function or Trailing Stop function (Usually not necessary since most of the time, the Take Profit for bots like these will be rather low, 5-10 pips). Later on if you realize that the bot doesn't handle well on trade transactions that occur on Monday or Fridays, you can have a no-trade-friday/monday function where u can set it to True or False. You can also have a high-spread protection system or function coded in, just in case if the user's broker were to spike up the spread rates. Subsequently you can code the function which allows the bot to trade on both 5 digit brokers or 4 digit brokers to accommodate all users, check out some of funyoo's work here, you will see plenty. In addition, probably a simple User Interface that lets the user know what's going on. Lastly, some simple functions to manage the trade orders, in case of unforeseen circumstances, like user's internet down, user's client terminal closed unexpectedly, user's pc hung, user has experienced blackouts in his home or office.
Later on, if you want to sell the bot and feel that the ex4 compiled versions isn't good enough to safeguard your new intellectual property, you can code it together to function with a DLL file that requires a key code to work, DLL files can be coded in C++ or whatever language you prefer. And you can then have the Key Code Generator either hosted on your web site or exclusively sent to members only.
There you go, u now a bot that works on a 10 yr backtest . Now you can do some Internet Marketing, set it up on clickbank or paypal or ejunkie or whatever affiliate commission based web program you may choose to use. Depending on your forecasted traffic, you can get a dedicated server(High Traffic) or VPS(High to Med Traffic) or just a normal cheap shared host package(Med to Low traffic) to host your new Internet Marketing Website. Which could probably will take about 3-4 days for your website to be registered/fully set up/reviewed/approved and up and running. Then if you would like to go the extra mile, have a forum so that your new customers have a place to direct their concerns to, have a moderator/administrator or basically just a representative to manage the forums as well as address the concerns of your customers. If you're using PayPal, make sure that you're a verified member, else you might have some problems, I believe they might have a cap limit on the amount which you can receive. If you want to avoid all the trouble of choosing an affiliate commission based web program, just use clickbank, set the affiliate commission rate according to your discretion. Have your web site promoted, and let your affiliate know of the potential benefits that await them, so that they can help you market your bot as well. Sit back and enjoy your cash running in.
Now if you don't have to ability to code your own bots... you can follow like what TraderMike is doing (No, I'm not saying he can't code XD. Mike if you feel offended here, I apologize), have the best EA bots being listed out, provide additional services like live forwarding testing and backtest results that being posted based on various settings. Then register as an affiliate of that product and post the affiliate link there. This way you can rack in profits from your affiliate marketing to provide more capital for your forex account as well as making it easy for your viewers to gain further insight on the best bots available.
Test ride this baby and let me know how well it works for you. See link.
Looks mighty impressive! Will be nice to do my own backtests and replicate the results.
The real question is, what kind of spread is it expecting on the other non-EURUSD currency pairs?
Can you tell us a few other things? like how it trades, how often, drawdown? Any anti-piracy measure?
Can you run it on all six pairs and not have it blow your account up?
The kinds of results they have on the website look a bit similar to Megadroid's.... it's as if they optimized the logic for other pairs!
Last edited by Neo-Rio; 05-30-2009 at 02:49.
Yes, I'll do my best to answer all questions when there's minimal data worth analyzing. That's why I am asking everyone to hang until Friday when the early results will be posted.
For now I can answer the anti piracy question. Yes the vendor assigns activation number matched to your #account (both live & demo) you're trading.
Demo test is being conducted on FXOPEN which so far has offered reasonable spreads. Goes without saying results will vary with different brokers.
In the manual the vendor does offer specific logic settings (5 NN parameters) optimized for each of the six currencies they trade.
The rest of the questions has to wait until there's sufficient data.
Anyway, will be good to see the results. I haven't seen many EAs that have survived and profitted wildly from a 10 year backtest, across multiple pairs to boot.
According to what you know can you recommend your favorite brokers to trade with? I know at least one, Tadawul.
Well yes, finding an EA which holds water for the long haul is a major task as some might describe the "holy grail". IMO the best we'll achieve is a medium range profitable EA. Which means periodically we'll have to withdraw as much profit while leaving enough to survive "normal" DD. After this if it blows at least we've taken some or most of the profits first. Then start again and continue the process.