Link: http://www.forexoverdrive.com

Price: $99

Overview: This robot peeked my curiosity when I saw how well it was performing on Forex-Robots (which used to provide live tests for EAs).

Description: Use the M5 Timeframe on EUR/USD and GBP/USD. It has a standard Take Profit of 25 and Stop-Loss of 328. Forex Over Drive uses a complex trade entry logic mainly based on price action, moving averages and standard deviation but there is MACD, WPR, DeMarker and Stochastics used as well. To exit a trade there is a trailing stop used in combination with a fixed takeprofit and stoploss.

Backtesting (EUR/USD, M5):

New Version 4

2005 -2006
… Read More...

I know, once again I’m not updating my blog as much as I should. Sometimes I don’t even understand why I still get so many hits, hehe.

Anyway, I’ll be going on vacation as of today until October 10th. I’ll be away to see my family in another province until Sunday so that means my trading terminals will be closed.

I promised that this time, since I’ll actually have the time, I will update that blog when I come back to see my family. I want to share with everyone and especially with those that have been trading currencies with me closely for the last few years my latest development.

Thanks everyone!

Ben

I recently sold 3/4 of my Telus stocks, leaving me with 11. The reason why is that I believe it reached a high point ($54).

It has been testing that level for quite a while now and the reason I didn’t sell all of them is because there is a chance it might also get higher, and I want to keep them on a more long-term basis.

Ben

I updated my Wordpress (the open-source program I use for my blog) to version 2.9 from version 2.0. It was quite a tidious task since I couldn’t upgrade directly to it. I had to go from 2.0 -> 2.2 -> 2.4 -> 2.5 -> 2.7 -> 2.9, and verify that my plug-ins work on the latest version. If you find any bugs, please do not hesitate to contact me.

I also updated my Portfolio with my two trading accounts. I will shortly add my third one. I will put more details about these in my next blog updates.

Cheers,

Ben

While the U.S. was able to extend their debt ceiling window to August 2nd , they will need to come up with $118 billions per month to repay it. (Source: CNN Money)

I believe this will have a huge impact not only on the USD/CAD, but any USD correlated-pair, including commodities.

Let’s take a look at the USD/CAD Daily Chart:

The price has been below… Read More...

I’m officially debt-free!

New poll! I’m getting my passport soon, and I’ve always contemplated living in another country.

Again, my reasoning behind the choices:

- Stay in Canada: Pretty straight forward, I already live here, I have everything (job, doctors, my pets, etc.). Not much of a challenge, I see it more as the “comfortable” choice.

- Central/South America: Cheap cost of living, would allow me to trade and live comfortably as long as I have a big financial cushion.

- UK (most likely London): I love the UK culture, but the cost of living… Read More...