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Holy Grail?

If you fail to plan, you plan to fail.

Is there such as thing as the Holy Grail of trading?

If you want to know the answer, please read on...

Although there is no 100% certainty in predicting the movement of the prices, it is possible to predict their direction or trend with high degree of probability.

When we go into a trade, we are either right or we are wrong with our orders since the prices can go up or go down.

Given that we have no control of the price movements especially in the Forex market due to it's sheer size and volatility, the best course of action we can take is not to anticipate the tops and the bottoms but to go with the flow.
This is easier said than done.

If we are correct with our "buy the lows and sell the highs", we "let our profits run". But if we are wrong with them, we need to "cut our losses short" as quickly as possible. 
Again, it is simple to understand but difficult to implement because we have:

Wouldn't it be great if these chores of trading can be automated and not letting our emotion ruin our judgment?

Even if we have a profitable trading strategy for one market, chances are that it will not work all the time and across different currency pairs.

Thus, the 2 main challenges for all traders are:

1. to devise a systematic trading plan that is universal and consistently profitable across markets.

2. to implement the plan affordably in terms of the time and costs required to become profitable.

It takes great effort to produce a good trading plan because of the need to test it on different market conditions and over a long period of time.
Monitoring the prices are time consuming and tedious, not to mention the stresses involved in executing the trades and the vigilance needed to follow thru.

So, I reckoned that if I want to trade for a living without sacrificing precious time with my family and friends, the only way is to program profitable plans into EAs that will automate the trading processes for me.

After more than a year of research and development on price actions, I believe I have overcome these 2 challenges for the Forex markets with the "set and forget" EAs that I have developed.
One interesting fact I discovered about my EAs is that the simpler the system, the more profitable it is!

"When the solution is simple, God is answering."
Albert Einstein

Appended below are sample results of the seven major currency pairs trading with 3 micro-lots per trade on Standard Account with $10,000 fund from 1 November to 2 December 2009.

The key thing to note of these results is that they are all profitable with the exception of a small loss for USDCHF giving a ROI of almost 8% per month.
These back-tested results have also enabled me to choose to trade the more profitable currency pairs to achieve maximum returns in the least possible time.
This ROI can be readily improved with more aggressive money management setting in the EA and by increasing the number of lots per trade for the more profitable currency pairs.

Another interesting point to note is that when I ran the same EA again to trade the losing USDCHF over a longer period of say 2 months from 1 October to 2 December 2009, it ended with a profit instead of a loss.

*Please click  (requires Flash plugin) to see and hear how EAs like this can help us become $342.85 richer, auto-trading the GBPUSD currency pair.

As can be seen from the recorded video, this EA has advanced features such as dynamic trailing stops and multiple take profit levels to capture as many pips as safely as possible from trending and sometime from ranging market conditions.
Coupled with proper money management, this universal EA will perform very well in maximizing profits and minimizing losses without any intervention from us.

Running the same EA on

Given that different brokers have different liquidity suppliers, it is not surprising that the trading results will differ from one another.

For the sake of comparison, I ran the same EA to trade the GBPUSD under the same conditions on the platform and it still returned a profit albeit a smaller one:

Unlike most other brokers, where the data feeds for the Live and Demo accounts are different which can lead to erroneous expectations,  provides the same Live data feeds to both the Live and Demo accounts.

This reinforce the general perception that it is much tougher to trade with the Live data and hence the reason for a lower profit.
It also helps to explain why one can make profitable trades with the Demo but not from the Live account from most brokers.

So, which broker do you think I can rely on with my testing and trade with confidence?
of course!

I am totally convinced that it is possible to make good money consistently with automated trading.
Don't you?

Increasing number of banks and hedge funds are already investing in and using robots to extend their edge in trading. For an example, please see the article Citigroup buys Automated Trading Desk.
Can you afford not to?

The one thing that differentiates this EA from most of the others is its ability to monitor and adjust programmed parameters to try to achieve optimal results from trading.

I don't know of another universal EA that can adapt swiftly to changes in market condition and across different currency pairs.
If you do, please let me know.

Despite it's effectiveness, this EA is NOT the Holy Grail of trading because it isn't profitable all the time and isn't profitable for all currency pairs.
The need to stay ahead of the curve would also mean that there will be no end to its refinements.

Great EAs are not for sale. Great EAs are for trading. This is the reason why you need to have your own EA for trading!

The Holy Grail is in fact, a Trinity:

1. Good analytical and trading plan.
2. Great risk and money management.
3. Phenomenal discipline.

I like the journey as much as the destination, and I shall savor the challenges, the satisfaction and the joy of collecting more pips along the way.

Albert Einstein's three rules of work:

1. Out of clutter find simplicity.
2. From discord find harmony.
3. In the middle of difficulty find opportunity.

These rules sum up my approach to Forex trading.

Will there ever be a Holy Grail of trading just like the mythological ?

Does the Grail exists in the first place?
You be the judge.

I am now a better trader making good use of technology to do the hard work of trading for me.
Wouldn't you want to become the next Smart Trader like me?

When you have opened an account at , do if you would like me to work with you to become a smarter Forex trader.

p.s. The Holy Bible has no mention of the Holy Grail. It is a mythical legend that is popularized by such books as "The DaVinci Code" and a renewed interest in King Arthur and his knights.

p.p.s. Can this be the "Holy Grail" of trading? I think so, and you can have it now and for FREE too!

"The end of labor is to gain leisure."
- Aristotle.

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