Thursday, August 19, 2010

New Review Methodology : Releasing my First Monthly EA Review Update ! :o)

Certainly there have been a lot of new expert advisors being released every month and writing a post review for each one started to seem like a huge task that didn't make a lot of sense since many of the trading system's being released don't even have the slightest hint of reliable evidence of profitability. Due to the fact that I consider reviews very important but due to the fact that I also consider that my written posts can be devoted to more practical and educational matters I have decided to give my reviews a total turn around, changing the way in which they are done and shared. On today's post I will be sharing these changes with you as well as the first monthly update of expert advisor video reviews :o)

The problem was actually very simple. There are many new expert advisors coming up every month and writing reviews for each one of them would have taken a lot of time and typing hand-stress. However stopping my reviews never seemed like a very good option because I consider that one of the most important aspects of my mission here in fxreviews is to inform others about my opinion regarding new trading systems and their merit (or more commonly the lack of it) in forex trading. I believe that many new traders have taken a lot of benefit from my views and the ways in which I review systems and for this reason I have decided to continue doing reviews, albeit in an entirely different way.

How will reviews be presented now ? From now on I will publish a monthly post in which I will include links to video reviews of most of the trading systems released that month. Each video will include the same material as my previously written reviews although now people will be able to follow me around the evidence and hear my opinion about the trading systems. Before recording the reviews I still perform my in-depth analysis of the systems and their evidence and I share it with you by going through each system's website on each one of the videos.

I believe that this new review-sharing mechanism is not only far easier from a technical point of view (when a lot of reviews need to be done) but it also allows traders to get the information faster and too see the problems and specific failures of the different trading systems in a much more straightforward manner. This also allows me to easily pinpoint links or other sources where people might find evidence relevant to the different systems (such as the free systems a scam system might be based on). As always my reviews will attempt to offer an unbiased perspective with evidence as the main focus of their findings.

This month I have reviewed several different trading systems. The review video links are highlighted below (please download the free divx video player here if you cannot watch the videos).

- Pip brains unbiased review

- 4xhotbot unbiased review

- Forex legend unbiased review

- Forex Onslaught unbiased review

- Forex Supersonic unbiased review

- NonameBot unbiased review

- FAMDrone unbiased review

- Forex Euro System unbiased review

- Forex Supreme Complexity unbiased review

- Forex Hippo unbiased review

- Forex JackHammer unbiased review

- Forex Set and Forget unbiased review

- Forex Outbreak unbiased review

- Forex Shockwave unbiased review

I hope you enjoy the reviews and consider them as good - or perhaps even better - than my previously written contributions. I definitely enjoyed making them and I believe they will do a great job at informing people about the general quality and extent of the evidence and actual potential for long term profitability that these systems have. As always, remember that my approach is based on the fact that the burden of proof is on the authors of trading systems and NOT on our live accounts. Please follow this link to learn more about how I review systems and what you should know about my methods.

Of course feel free to live any comments with any opinions, comments, suggestions, observations, etc :o). If would also like to learn more about my journey in automated trading and how you can gain a true education in this field to design your OWN systems based on sound trading tactics please consider joining Asirikuy.com, a website filled with educational videos, trading systems, development and a sound, honest and transparent approach to trading systems. I hope you enjoyed this article ! :o)

6 comments:

Maxim said...

Hello Daniel,

I think that you've found a very elegant way of reviewing those non-worthy EAs!
Indeed, the videos are more convinient than the written staff!

Maxim

Daniel said...

Hello Maxim,

Thanks a lot for your comment :o) I am glad you like this new solution. I believe it definitely allows me to get the message across in a very straightforward manner :o)

Best regards,

Daniel

Redford said...

I agree with Maxim, you are much more convincing in your audio reviews than in your written reviews. You sound like you really know what you are talking about!

Daniel said...

Hello Redford,

Thank you very much for your comment :o) I am glad you like the change, I certainly was nervous to take this step since I didn't know if it was a true improvement. Now with your comment and Maxim's I am sure I did the right thing. Definitely I am glad I sound more convincing I do put all my knowledge and experience in every review ! Thanks again for your comment :o)

Best Regards,

Daniel

Brian said...

The link for the Supreme Complexity review is wrong. It should be http://entirely4you.com/reviews/supremecomplexity.avi

Daniel said...

Hello Brian,

Thank you for pointing that out :o) The link has now been corrected,

Daniel

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