Thursday, 21 August 2008

EUR/USD, Bogie and Sniper - and the other orrible lot

Hi All,

I have killed of all of the Forex Autopilot charts apart from the one its supposedly optimised for EUR/USD. Luckily for it, the EUR is picking back up, but its still 200pips in the red, not to mention still being in the red for eur/jpy by 300pips and in the red for chf/jpy for 200pips. So I will gradually close those down too. Pretty sad state of affairs for Forex Auto Pilot. Any EA that bases a large part of its strategy on "Oh dont worry it will come back up" is nuts.

On a similar vein I am cutting back on the Steinitz HAS MTF since it operates with no stops too.

Bogie hasnt performed that well today and made a single trade loss of $38. It looks like it didnt react quick enough to some of the major ups and downs today in EUR/USD. I was able to eek a few dollars out of the swings but that was it. In these kind of moments one needs to keep and eye on things and intervene! Overall since using it though bogie is up about $35.

I was just introduced to the whole Sniper Forex System. http://www.sniperforex.com which is a manual trading system with very nice custom indicaters for MT4. I am liking what I see at the moment, and sadly I missed a rather big move which it predicted well, because I was asleep! Boo hoo - I will let you know more as time goes on, I am in at the moment on some trades on its say so. Have a look at it, it gives a weeks free trial which should give you a chance to test it.

I will post some trading sheets a little later tonight or tommorrow.

Peter

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