FOREX REVIEWS

I have to say, we have all been down the path of forex brokers. We all want to search for an ideal broker that is honest, that respects our orders, that charges us small spreads. Long story short, we just want them to do what they are supposed to do, manage our trades without screwing us in the process. I for one, have found my holy grail forex broker. I have to say, about a month ago, I was quiet desperate to find a different forex broker. I have been trading with interbankfx (IBFX) for a while and although they have never ever done anything wrong, like hunting my stops, removing my orders, slipping my trades, etc ; I felt that a 25 USD charge for deposits and wire withdrawals was a little bit too much. I also wanted a broker that could transfer funds directly from my paypal account so that I could save some time. Then I found fxclearing.ca, now I'm a believer ! At first it seemed just too good to be true. Flexible leverage from 1:1 to 1:500, minimum deposit of 1 USD, 1 pip spread...

As you may have noticed, I have been selling a preliminary version of my ebook on automated trading and expert advisors for the past two weeks . I write this post to tell you that next week I will be releasing version 1.0 of the ebook which will include a few more expert advisors (both free and commercial) updated trading statements and a little more insight on expert advisor types and the like. The expert advisor ebook new release will cost 9.45 USD as it will be the first final edition. All the people who have bought and will buy the preliminary version before the day when I publish the new version will be receiving the new edition for free ! I would also like to thank everyone who has bought the ebook for supporting my work and sending feedback !

As always, I have been searching for profitable no cost alternatives to commercial expert advisors. Recently, I came across the Viseu Open 001 expert advisor. I found it on an Asian forum and have grown a serious interest on it's trading methodology. The expert advisor makes trading decisions based on several moving averages and the rsi indicator. The system makes high probability, low profit trades, which I think is a good efficient way in which expert advisors can attain profitability. The best news, is probably the backtesting I performed on the expert advisor using one minute data (90% modeling quality). I tested the expert advisor for almost nine years, from 1999 to 2008; using a 10 pip take profit and a 35 pip stoploss, the expert managed to grow an account from 10,000 to more than 10 million dollars (2% risk on each trade). The expert got a relative draw down of about 25% with an absolute draw down of 8.31%. Viseu was barely profitable from 1999 to 2001 but after that year ...