Monday, May 31, 2010

Pro Forex Robot Gives The Pole to 1000 Buyers... AND 96%+ LUVED IT!

I bought the Pro Forex Robot and am testing it out on another live account. I'll give it about 45 days of live trades before I decide to keep it or return it. In any event, yesterday I got an email from the PFR people. Where relevant, it states that:

We can confidently say this as we have poled 1000 PFR members and had a 96%+ positive rating.

As I understand it, and I must confess English is my second language, when you give a poll to a group of people, you have polled them. When you give the shaft, when you nail or when you give the pole to a group of people, you have poled them.

To the extent that 96%+ of PFR members enjoyed getting the pole from the PFR people, I'll be the first in line when PFR puts out its version of the Kama Sutra.

Trade No. 1

We opened our first trade on Sunday at 8:47 p.m. Forex Invincible sold 0.65 lots of the EurUsd at 1.2797. The EurUsd has been going up since then, which is not good.

Sunday, May 30, 2010

A New Beginning

I purchased the Forex Invincible EA, which was upgraded to version 1.21 not long ago. After some brief and probably inadequate backtesting, I came upon a custom set of parameters that should have proven very profitable in the past. I will be testing it out on a small account that has a bit more than $5,000.Forex Invincible will be the only EA trading in that account. I'll use this blog to track the performance of the account. At the end of every month, I'll backtest the month just ended to compare the backtest with the actual performance for that month. I am betting that the backtest results will bear no relationship to the actual results for the month backtested.