TradeGoose EA is Back!

There is good news for traders that still in love with TradeGoose EA. They are Back. Here is the lastest news from Tradegoose EA

Dear Trade Goose Trial Subscribers,

As you know, due to overwhelming support issues, we discontinued offering Trade Goose to the general public in early June. Many of you inquired at that time and have continued to inquire as to if and when we will again make Trade Goose available. We are pleased to announce that the time is now.

We have spent the last two months redesigning Trade Goose into a system that is simpler, safer and much easier to support. These changes include the elimination of multiple setting options. Optimal settings have now been hard coded into the system. In addition, we have implemented a risk management strategy that limits drawdown while maximizing profit potential. Although weekly losses can occur, extensive backtesting as well as live forward testing have yielded average monthly gains ranging from 8 to 12 percent. Of course, this is forex so the future is always uncertain, but we are very pleased with what we've seen.

We now offer a two-week trial of Trade Goose for a setup fee of 9.99 USD. We believe this token fee will help seperate the serious traders from those that are merely curious. After two weeks, unless the user cancels the subscription, the account will be charged 159.00 USD per month to continue use of the system. We accept Paypal as our sole source of payment. You may sign up for the trial at http://www.tradegoose.com/subscription.html .

Our thanks to so many of you who have encouraged us to once again make Trade Goose available to the general public.

Kind Regards,

The Trade Goose Team

End of TradeGoose EA

I got email from TradeGoose support regarding their service,
Dear Trade Goose Trial Subscribers,

After much deliberation we have determined to shut down our central server and end the Trade Goose trial subscription program. All users who have a paid subscription have been refunded.

Although we will continue to trade the system personally, the number of trial customers that have subscribed and the associated support required, has far exceeded our expectations. As with most ea's, manual intervention is necessary to properly manage Trade Goose and we have determined that it is impossible for us to provide adequate instruction to a growing number of subscribers, most of whom are entering the market at different times, using different settings, and with vastly different skill sets and understanding of the forex market. As one can imagine, this support requirement has been escalated in the volatile market we have seen of late.

We will continue to manage private funds and of course we will also trade the system ourselves. Like many of you, we have chosen the forex market because of the lifestyle it provides. Any future direction will take into much greater account this lifestyle factor. A decision that admittedly, did not get adequate attention when we initiated our subscription model.

We are aware that a few of you are trading live. Please contact us directly so we can try and accommodate your specific needs.

We have appreciated your interest in Trade Goose and wish you all the greatest of success as you continue to trade this exciting and wonderful market.

Sincerely,
The Trade Goose Team

They have ended their subscriber of TradeGoose EA, I guess because last performance of TradeGoose EA is very bad. My demo test got MC last time and now is gone with the wind

This is the forward test graphic using TradeGoose EA since 30 April 2008.


You can download my forward test detail statement dated 11 June 2008

TradeGoose EA

One of my friend recommend to me to use TradeGoose EA. TradeGoose is a hedging EA that use Arbitrage Correlation system.

TradeGoose EA is using 3 set of pair in Hedging.
USDJPY/EURCHF->takes few trades limiting income and limiting risk
USDJPY/USDCHF->trades with greater frequency, with a moderate level of risk.
GBPJPY/EURCHF->trades with the greatest frequency, maximizing income potencial yet increasing the level of risk.

I test it on IBFX standart demo account with recommended setting of all 3 set of pair and with recommended balance since 30 April 2008.
But I don't use recommended leverage. Recommended is 1:200 leverage but I use 1:400 leverage to see how TradeGoose EA perform.

My forward test going smooth and then they release the update of using only 2 set of pair USDJPY/EURCHF and GBPJPY/EURCHF.

Just before Friday 6 June 2008 Non Farm Payroll news. My Balance is up about 80%. Yes... 80% in about 5 weeks is impressive result. But bad news is TradeGoose EA can't stand to Non Farm Payroll News this time. My account got Margin Call because of the high Drawdown. So it close minus $6857.74 Remaining balance is up about 18% now. And it still have floating minus $7294.59

This result because I'm using 1:400 leverage, if I use 1:200 maybe I won't get margin call because the Drawdown is cut by half. I can't make new forward test using 1:200 anymore, because the trial is only for 1 month. They already extend my trial because of the releasing new version.

Infact after the Non Farm Payroll news, TradeGoose team email all the subscriber tips about how to lower the Drawdown and only use 1 set of pair in hedging GBPJPY/EURCHF.

This is the forward test graphic using TradeGoose EA since 30 April 2008.


You can download my forward test detail statement dated 08 June 2008

What I know about hedging system is It give small profit with small Drawdown, but TradeGoose EA give high return with high Drawdown. Anyone testing TradeGoose EA also? Maybe can share the experience.
PS: TradeGosse EA only available in monthly subscription using paypal.