Brgds/Pilotlife
söndag 30 augusti 2009
ProFX v2 out now!
My favourite indicator, ProFX, has now released version 2! The new version says to improve the trading logic and to be even more exact in its predictions. Testing continues.
Brgds/Pilotlife
Brgds/Pilotlife
torsdag 27 augusti 2009
Robominer LIVE numbers
Did a summary of my Robominer trades and was very positively surprised! I haven't really made a summary before, just some round numbers, but this was great!
It's from two accounts, FXCM UK and Forex.com UK. 1st trade was 31st of July 2009.
Both accounts founded with approx 2300USD each, and i trade Robominer at higher risk than recommended in their manual.
This gives a neat profit of 1068.30 USD in less than one month! Pictures below.
Brgds/Pilotlife
onsdag 26 augusti 2009
Who should you believe???
Some thoughts about being a noob/newbie/rookie in this wonderful world of Forex...
On every homepage where another "super" EA is sold, they claim to finally have found the key to the market. -"Hurry up, timelimited offer! Never before seen intelligence in an EA"....and so on.
On most forums, people tell stories about them losing money with these "super" EA's.
Also, from many forums - most brokers seem to be either corrupt, scammers, working against you, or a combination of all. Indicators come and go in regular intervals. Some are better than others, but how can you know?? Back to the forums again, do your homework, trying to get some decent info.
"This EA/indicator sucks!!", -"Have never made so much money before, highly recommended!"..
At the same time, the "manual" traders, talks about money management, risk, trading plans and so on. -"Rule #1, have a trading plan - and stick to it!!", -"If you have a solid money management plan, you cannot lose. EA's/indicators doesn't lose money, poor money management does!". -"All you need is raw data candles, pivots, some MA's, macd and a cup of coffee...".
Confusing, right??
Question comes up - how can you write and follow a trading plan or a workflow when you even haven't started to get some insight/knowledge about how this whole thing works??? It's like asking a caveman to explain how to land an aircraft! Impossible!
So, where to begin then? Well, babies learn to walk by repeatedly trying and trying, they fall a lot, tries again, might even get some help from eager parents, and suddenly one day - simsalabim! Code cracked, and the baby thinks -"this was so easy, how come i didn't realize that before??".
I think we all have to realize that there is only one way to go here - we will lose money sooner or later, probably sooner if you are new to this. I don't know about you guys, but asking someone to demo for months and months, just to find "your way" and be sure you have a somewhat realistic system, just doesn't work. People are here for one reason mostly, they want to make money.
Buddha said -"Ambition is like love, impatient both of delays and rivals". Once you went through a couple of guru-video tutorials, a number of candlestick books, some mental hokus-pokus guidance, you want to get out there! -"This was not difficult, i can do it!".
Now comes the exciting part. Either you belong to a very small group of people who actually have cracked the forex trading code, or, you are going to lose and win on a regular basis. Im not saying that you will never lose if you cracked the code, but even in hell there are different levels of professionalism ;)
We have to remember that this is a business. Professional people that has been trading for 20 years make a living out of this! I don't know what your work is, but i doubt that anyone could come in from the street, read a few books, and then take over your work??!! Of course not!
This is just as serious as any other work, it takes time to get into the comfort/knowledge zone.
Reading forums is a good way of getting info. But, no matter which forum you read, which ever work you have, forums tend to be clattered with either noobs or whiners. Noobs trying to get info, whiners trying to blame all and everything for their own failure. So, where are the pros?? The ones that actually have some really good info to share?
Well, with very few exceptions (i believe Donnaforex and FPA is two of them) you wont find pros on a noob/whiner forum. To put it simple - why should they write there?? They already have a good system, it works, they don't need more info, they are just happy and confident with their own trial and error system they found suitable for themselves. Me, as a professional pilot, don't read forums about people trying to get their first PPL (Private Pilot Licence) for flying around in a Cessna or Piper. I've been there, done that many years ago, and it simply enough doesn't interest me anymore. Got my point?
So where do we go from here? I believe there is just one way to go - continue to educate ourselves, and also get out there! No matter how small amount of real money you are dealing with, it "feels" different than playing around with demo money. Demo is good to a certain extent, but don't get stuck in there. You have to go out in the real world at some point anyway, right?
Read all you can, look over all info with critical eyes and start trading! You will lose, for sure, but you will also win! This is like any other stuff you want to learn, it takes time, failure and devotion. Two steps ahead, one step back, and so on. Learning in a nutshell.
And, because i still haven't cracked the forex code, i still claim that Robominer is the one and only reason that my accounts still looks somewhat decent. Love this robot. Believe me or not.
Brgds/Pilotlife
On every homepage where another "super" EA is sold, they claim to finally have found the key to the market. -"Hurry up, timelimited offer! Never before seen intelligence in an EA"....and so on.
On most forums, people tell stories about them losing money with these "super" EA's.
Also, from many forums - most brokers seem to be either corrupt, scammers, working against you, or a combination of all. Indicators come and go in regular intervals. Some are better than others, but how can you know?? Back to the forums again, do your homework, trying to get some decent info.
"This EA/indicator sucks!!", -"Have never made so much money before, highly recommended!"..
At the same time, the "manual" traders, talks about money management, risk, trading plans and so on. -"Rule #1, have a trading plan - and stick to it!!", -"If you have a solid money management plan, you cannot lose. EA's/indicators doesn't lose money, poor money management does!". -"All you need is raw data candles, pivots, some MA's, macd and a cup of coffee...".
Confusing, right??
Question comes up - how can you write and follow a trading plan or a workflow when you even haven't started to get some insight/knowledge about how this whole thing works??? It's like asking a caveman to explain how to land an aircraft! Impossible!
So, where to begin then? Well, babies learn to walk by repeatedly trying and trying, they fall a lot, tries again, might even get some help from eager parents, and suddenly one day - simsalabim! Code cracked, and the baby thinks -"this was so easy, how come i didn't realize that before??".
I think we all have to realize that there is only one way to go here - we will lose money sooner or later, probably sooner if you are new to this. I don't know about you guys, but asking someone to demo for months and months, just to find "your way" and be sure you have a somewhat realistic system, just doesn't work. People are here for one reason mostly, they want to make money.
Buddha said -"Ambition is like love, impatient both of delays and rivals". Once you went through a couple of guru-video tutorials, a number of candlestick books, some mental hokus-pokus guidance, you want to get out there! -"This was not difficult, i can do it!".
Now comes the exciting part. Either you belong to a very small group of people who actually have cracked the forex trading code, or, you are going to lose and win on a regular basis. Im not saying that you will never lose if you cracked the code, but even in hell there are different levels of professionalism ;)
We have to remember that this is a business. Professional people that has been trading for 20 years make a living out of this! I don't know what your work is, but i doubt that anyone could come in from the street, read a few books, and then take over your work??!! Of course not!
This is just as serious as any other work, it takes time to get into the comfort/knowledge zone.
Reading forums is a good way of getting info. But, no matter which forum you read, which ever work you have, forums tend to be clattered with either noobs or whiners. Noobs trying to get info, whiners trying to blame all and everything for their own failure. So, where are the pros?? The ones that actually have some really good info to share?
Well, with very few exceptions (i believe Donnaforex and FPA is two of them) you wont find pros on a noob/whiner forum. To put it simple - why should they write there?? They already have a good system, it works, they don't need more info, they are just happy and confident with their own trial and error system they found suitable for themselves. Me, as a professional pilot, don't read forums about people trying to get their first PPL (Private Pilot Licence) for flying around in a Cessna or Piper. I've been there, done that many years ago, and it simply enough doesn't interest me anymore. Got my point?
So where do we go from here? I believe there is just one way to go - continue to educate ourselves, and also get out there! No matter how small amount of real money you are dealing with, it "feels" different than playing around with demo money. Demo is good to a certain extent, but don't get stuck in there. You have to go out in the real world at some point anyway, right?
Read all you can, look over all info with critical eyes and start trading! You will lose, for sure, but you will also win! This is like any other stuff you want to learn, it takes time, failure and devotion. Two steps ahead, one step back, and so on. Learning in a nutshell.
And, because i still haven't cracked the forex code, i still claim that Robominer is the one and only reason that my accounts still looks somewhat decent. Love this robot. Believe me or not.
Brgds/Pilotlife
måndag 24 augusti 2009
Cashbackforex monthly payout
Just received "free money" from Cashbackforex.com. They give a rebate on all your monthly trades, and for last month it came up to 32USD for one of my accounts. If you haven´t signed up yet, pls use link to do so. It´s free money for doing your normal trades. A nobrainer basically :)
Brgds/Pilotlife
Brgds/Pilotlife
lördag 22 augusti 2009
Another update to "Advanced Droid Tactics" for Megadroid
Benjamin Cook has released another update for his successful E-book "Advanced Droid Tactics" for the Forex Megadroid. Use coupon code "5dollarsoff" for discounted buy. Some changes/update from previous version:
----------------------------------------------------
Brgds/Pilotlife
----------------------------------------------------
In this update:
- Launch Madness
- New Member's Forum
- Performance
- Profile Reset Problems
- Some MT4 "Errors" when running Unified or Hybrid
- VPS and EA Installation Service
Here is the weekly demo account performance of each of the various ADT setups that I am currently testing:
- MegaDroid Default - Loss (-2.9%)
- ADT Overlap Setup - Profit +4.8%
- ADT Unified Setup - Profit +5.7%
- ADT Hybrid Setup - Profit +3.5%
- ADT Hyrbid Override - Profit +2.8%
- (+9 pip Take Profit, 35 pip fixed stop)
Brgds/Pilotlife
fredag 21 augusti 2009
Robominer saves the day, and.....
....we have passed 1000 visitors on the site! Thanks all of you visiting! The testing continues.
I am determined to find a stable and sound system i can work with long term. And for this reason, Robominer has climbed up as my favourite, all trusted money machine. On my demo account, i got between 30-50USD profit/day, and this continues now on my two live accounts. This little robot is just unbeliavable, ticking in small profits all the time. I am using this on a higher risklevel than recommended, but i have room for trades staying open a long time. For those of you that don't know about Robominer, read on.
It never loses. Trades might stay open for a long time, but it never close a trade for a loss.
It uses the full historical range for the currencypair, selling when its high, buying when its low.
It's not a get rich quick machine, small but steady profits is the way it works.
Demo it for as long as you like before decide to buy. (link)
Ramadan Kareem from the Middle East (No, i'm not going to fast, i'm not muslim... :))
Brgds/Pilotlife
I am determined to find a stable and sound system i can work with long term. And for this reason, Robominer has climbed up as my favourite, all trusted money machine. On my demo account, i got between 30-50USD profit/day, and this continues now on my two live accounts. This little robot is just unbeliavable, ticking in small profits all the time. I am using this on a higher risklevel than recommended, but i have room for trades staying open a long time. For those of you that don't know about Robominer, read on.
It never loses. Trades might stay open for a long time, but it never close a trade for a loss.
It uses the full historical range for the currencypair, selling when its high, buying when its low.
It's not a get rich quick machine, small but steady profits is the way it works.
Demo it for as long as you like before decide to buy. (link)
Ramadan Kareem from the Middle East (No, i'm not going to fast, i'm not muslim... :))
Brgds/Pilotlife
torsdag 20 augusti 2009
Bad day, Bad day.....
Lesson learned today: Stick with your plan!!!
Don't mess around trying to outsmart the market or jumpstart some indicator. The indicators work allright, they just don't give you the whole picture. You still need to THINK before putting in an order. Trying to take shortcuts or being "right" will cost you. And it did....
How many times have i read about the emotional side of trading? How many times did i say to myself -"sure-i get it, stay focused and non-emotional and things will be fine..."?
Well, i guess most people fall of their bicycle a few times while learning to ride the bike, but today was a big fall.
Lesson learned. Find a system that works and then STICK TO IT!!
Don't try to invent the wheel again.
KISS!! (Keep It Simple Stupid)!!
Brgds/Pilotlife
P.S.
The indicators did just fine.... This is my own fault, and noone elses....
D.S
Don't mess around trying to outsmart the market or jumpstart some indicator. The indicators work allright, they just don't give you the whole picture. You still need to THINK before putting in an order. Trying to take shortcuts or being "right" will cost you. And it did....
How many times have i read about the emotional side of trading? How many times did i say to myself -"sure-i get it, stay focused and non-emotional and things will be fine..."?
Well, i guess most people fall of their bicycle a few times while learning to ride the bike, but today was a big fall.
Lesson learned. Find a system that works and then STICK TO IT!!
Don't try to invent the wheel again.
KISS!! (Keep It Simple Stupid)!!
Brgds/Pilotlife
P.S.
The indicators did just fine.... This is my own fault, and noone elses....
D.S
måndag 17 augusti 2009
Forex day Monster
Purchased this indicator a few days ago and will try this as a complement to my already well performing ProFX. The creator use this indicator on 15M charts, and ProFX runs on 30M.
I know there is much going on here now, many new ideas and EA's, indicators coming and going, but the whole idea is to find a nice setup that will work for me in the long run.
I think it might be worth doing some fieldwork now, in order to be able to "rest" later having faith in a solid system that works satisfactory. Updates to come.
Brgds/ Pilotlife
I know there is much going on here now, many new ideas and EA's, indicators coming and going, but the whole idea is to find a nice setup that will work for me in the long run.
I think it might be worth doing some fieldwork now, in order to be able to "rest" later having faith in a solid system that works satisfactory. Updates to come.
Brgds/ Pilotlife
torsdag 13 augusti 2009
Robominer demo test...
I have been demoing Robominer from forex-goldmine.com for a few weeks now, and I'm really impressed!
I know Donna had excellent results aswell, and I can only agree.
My Robominer has produced approx 500USD net during two weeks trial, and this is on a 2000USD account!
I'm expecting to go live with this one shortly.
Brgds/Pilotlife
I know Donna had excellent results aswell, and I can only agree.
My Robominer has produced approx 500USD net during two weeks trial, and this is on a 2000USD account!
I'm expecting to go live with this one shortly.
Brgds/Pilotlife
onsdag 12 augusti 2009
---Advanced Droid Tactics Updated---
Benjamin Cook has updated his E-book "Advanced Droid Tactics" for the Forex Megadroid.
----------------------------------------------------------------------------------
Summary of changes in ADT v4.1:
Use coupon code "5dollarsoff" for 5 USD discount when checking out from cart.
I haven´t tried his new settings yet, but he claims that they should be more updated with the current situation on the market. Feel free to send me feedback if you decide to try it.
Brgds/Pilotlife
----------------------------------------------------------------------------------
Summary of changes in ADT v4.1:
- New Aggressive and Recovery Mode settings based on a new ranking methodology. These new settings should give us more profit per unit of draw down.
- New section describing the MegaDroid trading time windows.
- Updated Risk Tables. These new tables are based on back test data going back to 2005 for the Conservative table, and back through Feb. 2009 for the Aggressive table. Both the Aggressive and Conservative risk tables are much more conservative.
- Details on how to trade the ADT Unified and ADT Hybrid setups using the Profile Reset Indicator. I also offer installation instructions for this new indicator.
- Quick Setup Tables. At the very end of the document there are some quick setup tables for each setup with all of the relevant setting.
Use coupon code "5dollarsoff" for 5 USD discount when checking out from cart.
I haven´t tried his new settings yet, but he claims that they should be more updated with the current situation on the market. Feel free to send me feedback if you decide to try it.
Brgds/Pilotlife
tisdag 11 augusti 2009
ProFX Continues to perform!
Yesterdays trading turned out very well. ProFX gives signals quickly and accurately. What you need to do is to wait a little bit (i know, it might be hard to just sit there and watch) to really confirm if the signal has found a valid (profitable) signal or not. The reason is that ProFX gives you an audio alert on the very first sign of a possible trade. Some are just shortlived, others are very much worth going for, so a wait is always justified. I'm very happy with this system, and i also use it as an extra source of confirmation for my manual trading on same pairs. This is where it shines the most, you dont have to sit around staring at the screen all the time when you are home. Just turn the volume up and wait for an audiosignal. Check the screens for validity, and enter the trade.
Highly recommended!
The test continues, stay tuned.
Brgds/Pilotlife
Highly recommended!
The test continues, stay tuned.
Brgds/Pilotlife
lördag 8 augusti 2009
Added another MT4stats.....
...from one of my demo accounts. Made a crazy testrun with EA "Grail 23" on a 2pipsforex.com demo account. Results speaks for itself, but some forums on the internet indicates that this broker is somewhat less reliable.
Anyone got info on this brokers live account?? Pls share in that case.
Brgds/Pilotlife
Anyone got info on this brokers live account?? Pls share in that case.
Brgds/Pilotlife
onsdag 5 augusti 2009
Busy week.
With a lot of work and other stuff, so trading has been resting. More days off to come - stay tuned!
Brgds/Pilotlife
Brgds/Pilotlife
söndag 2 augusti 2009
Weekend thoughts...
Sunday afternoon and not much going on in the Forex world, so i was thinking about sharing some thoughts about my work for those who might be interested. I work as a Pilot on a major carrier in the middle east. All flights have one captain and one first officer (me). We are of course both pilots, but the captain has the responsibility for the whole flight being performed according to all regulatory and company descriptions.
My aircraft is a Boeing 777 in different models, the biggest one being the 777-300ER which loads 442 passengers and 18 crew. Max takeoffweight is around 350 tons, including some 130 tons of fuel. (i stay away from talking about environmental matters when i go to a party...). The routes flown range from 30min to 17hrs, and on the long flights we are always 4 pilots. Two pilots rest, and the other two fly the aircraft. We have "crewbunks", small compartments in the aircraft where there are 10 beds suited for resting/sleeping.
Most of our flights start between 1-4 am local time, and sleeping before the flight might be an issue for pilots with small kids at home. When we arrive at our destination a bus drives us to our hotel which is usually in the city centre somewhere. We stay there minimum 24hrs, and typical 27-48 hrs, so there is plenty of time for touristing, relaxing, working out or whatever. This is the best part of my job!
The problem surfaces when you have to deal with different timezones, sometimes 11hrs diff from your home city. Your body screams "sleep", but for you, the sun just rose for the 2nd time on the same trip and your shift just started, putting some 5-7 hrs of work ahead of you. Eventually you come home to your own bed and your family, who of course have missed you and want to go out and about to do all kind of different stuff. One or two days off, and then - off you go again - in the opposite timezone direction! Some pilots never gets fully used to this, and it takes experience to make a sound awake/sleep pattern that suits you. Not two people are alike, so what works for you might not work for me.
The fascinating thing is that you learn to make full use of the WHOLE day, all 24 hrs. If i'm hungry at 3.30am, then i cook! If i want to go to bed for the night at 1pm, then i sleep!
No rules apply, except that you have to show up at check-in fully rested.
That was some sidetracked info for being on this blog, but what the heck! Life is not all about forex, right?!
Enjoy the rest of your weekend folks!
Back tomorrow.
/P
My aircraft is a Boeing 777 in different models, the biggest one being the 777-300ER which loads 442 passengers and 18 crew. Max takeoffweight is around 350 tons, including some 130 tons of fuel. (i stay away from talking about environmental matters when i go to a party...). The routes flown range from 30min to 17hrs, and on the long flights we are always 4 pilots. Two pilots rest, and the other two fly the aircraft. We have "crewbunks", small compartments in the aircraft where there are 10 beds suited for resting/sleeping.
Most of our flights start between 1-4 am local time, and sleeping before the flight might be an issue for pilots with small kids at home. When we arrive at our destination a bus drives us to our hotel which is usually in the city centre somewhere. We stay there minimum 24hrs, and typical 27-48 hrs, so there is plenty of time for touristing, relaxing, working out or whatever. This is the best part of my job!
The problem surfaces when you have to deal with different timezones, sometimes 11hrs diff from your home city. Your body screams "sleep", but for you, the sun just rose for the 2nd time on the same trip and your shift just started, putting some 5-7 hrs of work ahead of you. Eventually you come home to your own bed and your family, who of course have missed you and want to go out and about to do all kind of different stuff. One or two days off, and then - off you go again - in the opposite timezone direction! Some pilots never gets fully used to this, and it takes experience to make a sound awake/sleep pattern that suits you. Not two people are alike, so what works for you might not work for me.
The fascinating thing is that you learn to make full use of the WHOLE day, all 24 hrs. If i'm hungry at 3.30am, then i cook! If i want to go to bed for the night at 1pm, then i sleep!
No rules apply, except that you have to show up at check-in fully rested.
That was some sidetracked info for being on this blog, but what the heck! Life is not all about forex, right?!
Enjoy the rest of your weekend folks!
Back tomorrow.
/P
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