Matt’s FOREX Expert Advisor Blog

A recent email I received below with my response. I felt it covered important question and answers and wanted to share.

Thanks Matt for the info, but I see you have no warranty on your EAs, its a matter of no refunds. My policy is no refunds if the thing stinks no purchase.
I am not saying that your EAs stink, but many do, like the Don Steinitz crap floating around, or FapTurbo, or BlackPanther, or PipZu, or Megadroid, or Fusion, sRS, or StealPips. Those are just a few I have bought and got refunded because they were crap.

How do yourEAs stack up against those losers. My feeling is that yours are much better, but its just a feeling
. Do you have any results demo or live? If I purchase one EA can I use that purchase to be part of a later lifetime membership? Do all your EAs have Martingale coding?

Regards,
member

My answer…

Hi,

I can absolutely sympathize with you feelings here as I have purchased many EAs in the past before I started programming them for myself.

Refunds are something that I just don’t do because EAs can be so easily decompiled. This has been one of my biggest hurdles with trying to establish a trust with my users and yet protect myself from people who would buy, decompile, then ask for a refund. I am not saying you would do that but I do have solid proof of it happening with more than one of my existing members. If you are not comfortable or sure then I would strongly advise against purchasing any of my EAs.

As for all the “crap” EAs that are sold through mainly big advertisements like infomercials… Not a single one of them is as responsive, supportive, or open as I am and my forum is more than enough proof of that to anyone who spends a reasonable amount of time reading the threads. I have live and demo past results as do many of my other members who post frequently like MyFutureSelf, Andante9, BenScoobert, etc.

Ben is actually running the CrazyPyramid on a live account with AlpariUK with good results and we have both posted those results as of lately since we were doing some very intense demo tests together over the last couple of months. I could go on and on but it’s all in the forum already. If you are serious about trying any of the EAs then you should spend time reading the threads first (before you buy anything). Questions are openly answered as they come in but I prefer to do it all on the forum rather than personal emails. In this way, I am not hiding anything, all members benefit from the answers, and everything is straight forward which is not easy to establish in this business where so many are scammed with padded results. I don’t base anything on back testing. Everything is forward on.

The CrazyPyramid is the only martingale type EA as I usually do not like them because they’re well known for blowing up accounts. Ben has done a very nice job with this EA as far as defining how he wants it to work and I believe in this case he has overcome many of the problems with martingale EAs. On top of that there have been many, many user requests that have been accommodated in all of my EAs.

Yes, if you purchase one or more then the difference is all it costs to upgrade to a full lifetime membership. That means all EAs, any new EAs, and all updates. Each individual comes with all free updates as well.

Take your time, read the forums, then decide. I do not pull any punches on the forum.

Sorry for the delay but I felt you deserved a thorough answer to your concerns and wanted to provide that to you.

Thanks again,
Matt

Matt

For the most up-to-date information about this Expert Advisor and others, please click here.

Hello to all,

It’s been a while since my last update so I’ll try to cover it all now.

In August ‘08 I started this forum as a place to concentrate my efforts towards writing and maintaining my own EAs. I started with 6 EAs and now have 14 fully developed EAs with one more in the making (PingPong). I’ve made countless updates to those EAs including bug fixes and new features. I’ve made well over 100 videos that detail my EAs and how to use them although many of them are now outdated due to new features being added to the EAs. I had high hopes for the EA Data Analyzer; a central location that could collect all our trading information so that we could then dissect the results to see what works best. Many, many hours devoted to this site.

I’ve struggled for a number of years trying to find time for everything (family, work, a side business as a computer consultant/developer, Forex, etc). In mid December I caught a cold that quickly turned into Bronchitis and lasted over 5 weeks. It ultimately forced me to slow down and take a breather and since then I’ve had to make some very hard decisions.

I am not quitting this site although I do need to pull back a bit. I still plan to…

• Fix bugs in my EAs if they’re reported
• Add new features when a good idea is suggested
• Support the individuals who have supported me
• Write new EAs from time to time
• Post my results, ideas, etc.

I will do all of the things listed above but I will not be able to tie myself to this forum for several hours each day like I was.

This site is important to me and I appreciate all the support from my members and hope they will continue to be a part of this community.

Matt

P.S. I have been working on some coding items and hope to be posting updated EAs soon.

For the most up-to-date information about this Expert Advisor and others, please click here.

FYI… Here are some of the new features being released this week…

• Reworked the way internal variables are handled with extra precision brokers like Alpari UK
• o Variables that are adjusted behind the scenes are now prefixed with “x” (i.e. xUltimateTP)
• Enhanced comments section
• Added maximum drawdown/profit display information
• Added additional EA information
• Ability now to print EA settings problems to the chart
• Complete new order placement module (more guarantee of orders being placed, closed, modified, etc.
• RiskPercent can now be less that 1% and up to 10%
• Added WindDown parameters
• Added WindDown2 parameters
• Added Weekend parameters

All EAs are currently being tested with the latest modifications and are due to be released by the end of this week.

Checkout my latest results on MyFXBook.com by clicking here…

Matt

For the most up-to-date information about this Expert Advisor and others, please click here.

I wanted to let everyone know whats been happening and what is going to be happening.

First things first… I’ve been working hard on the EADA behind the scenes but it’s still at least a month away from completion. My apologies to those who’ve been waiting but this has proven to be a large task for a single developer (me) to complete but it will be completed.

Second… I’ve completed working with Ben to get the CrazyPyramid AutoTrader coded. He and I are testing for the next 2 days or so. If everything looks ok with it then I plan to post it under the “Expert Advisor (Downloads)” section. Anyone with a Lifetime membership will have the chance to download this EA and test it themselves.

For those who are not familiar with the strategy, you should take a look at the links below.

http://mtabonewebforex.9.forumer.com/index.php?showtopic=107
http://mtabonewebforex.9.forumer.com/index.php?showtopic=136

It’s an exciting twist and has proven through Ben’s demo testing to be profitable.

Also, Ben and I have both began using MyFXBook.com to keep track of our demo testing. You can view the latest results in our signatures.

My personal testing has included AshFX, MyFutureBAT, and the WeeklyOpen for now and will expand over time. Updated posts have also been made to their appropriate threads on each of these demos.

and a final FYI on Lifetime membership…

On Saturday (October 31st) I am raising the price for Lifetime members to $500. Existing Lifetime members are covered and anyone who had access to an individual EA will still have access to everything they had before. As a result of the increase I will be offering subscriptions again for $50/month. Any member who keeps a subscription for a full 12 months ($600) will be automatically upgraded to Lifetime membership status. Of course subscriptions may be canceled at any time and it’s a good way for new users to try the EAs. EAs available to subscription members will time out at the end of each month but will be able to work for live or demo accounts.

For any Lifetime members… You should download the EA Data Analyzer client in the downloads section if you’re running any demo accounts. Even though the website’s front-end is not complete the database is still growing with trades from anyone testing with this software installed. In fact, we currently have 11,453 completed trades in the database right now. Every demo, EA, and settings variation helps make the data more useful and will eventually allow everyone to view those results through the website.

If you would like to take advantage of the current price please click here. At the moment there are 14 different EAs for Lifetime Members.

Matt

For the most up-to-date information about this Expert Advisor and others, please click here.

Just thought I should say something for those who are wondering…

I am making progress with the Data Analyzer site although it has proven itself to me that the task is greater than I originally imagined. I will complete the site but it’s taking longer than I anticipated.

In the mean time, The database is growing with over 10,000 completed trades on a number of different Forex EAs (AshFX, AshFX II, RollerCoaster, PipNailer, MyFutureBAT, SynergyMethod, etc.). Some very solid results have been made showing profits with AshFX and MyFutureBAT. I’m sure there are others but this is just a result of me taking a close look at those 2 directly.

Please be patient, the EA Data Analyzer site will be completed and new EAs will be developed.

Matt

For the most up-to-date information about this Expert Advisor and others, please click here.

I would also like to mention that the current cost for Lifetime membership to my site is $100. This gives the user the ability to download and use any EA I currently have developed and any EAs I will develop in the future. This one-time payment will be going up shortly after the release of the EA Data Analyzer site. If you would like to take advantage of the current price please click here. At the moment there are 13 different EAs for Lifetime Members.

Some major work has been completed. Expert Advisors that now include money management are AshFX, BreakoutSentinel, DailyHighLow, DailyHighLow Reverse, MyFutureBAT, PipNailer, RollerCoaster, SynergyMethod, and WeeklyOpen. Also, version numbering has been revised to more easily track changes to the EAs.

Matt

For the most up-to-date information about this Expert Advisor and others, please click here.