Bogie-NN-v8 EA - Neural Network Rocks!!!

This EA is the first Neural Network based EA that is reviewed at here. Its result is very promising so far and the author is one of the winner of Automated Trading Championship 2007, Mr. William Boatright (Wackena). This is one of Expert Advisor that is using Neural Network strategy as main engine. Neural Network is known as an optimization process that includes "black box" because some parts of it can't be explained. It is handled by computer to make a lot of calculation to produce a number of weight factors.

Bogie-NN-v8 comes with a manual instruction for optimizing the EA. This is very important for this EA to achieve the optimum buy and sell level based on latest price data. For best performance, traders should optimize this EA periodically.

Mr. Wackena gives backtest result for 1 year period as a prove for reliability of this EA. Because this EA must be optimized periodically, so it can't do a backtest process for a relative longer time. Every a certain period time, the parameter must be optimized. For a Neural Network EA, this Bogie is worthed to try.

Pros :

• Comes with 1 Year Backtest Result.
• Neural Network for perceptive intelligence on order entries.
• Trade 24/5, (24 hours per day – 5 days per week).
• Optional - trade around News Event days.
• Improved order management routine.
• Trade on Standard and Mini accounts, along with 5 digits and/or ECN Brokers.
• New TrailingStop routine to modify StopLoss for maximized profits.
• Expert Advisor coded to dramatically reduce Optimization test times.

Cons :

• Need to be optimized periodically.
• Optimization Result can be different based at price data.
• Renewed every month.
• limited for 1 account name holder per EA.

Here is the Statement from Backtest Result

For people who wants to rent this EA, there is a special discount for ForexGallery.com fans. Actually this EA can be rent for $49.50 per month but if you rent from here, you will get a 20% discount. Only for limited number, get 20% discount every month by clicking here.

"Buyer Honesty System" Agreement

By becoming a Customer ("Customer") for Bogie Enterprises' products, you agree to the following: EXCEPT AS EXPRESSLY AUTHORIZED, CUSTOMER SHALL NOT: COPY, IN WHOLE OR IN PART, SOFTWARE OR DOCUMENTATION; MODIFY THE SOFTWARE; REVERSE COMPILE OR REVERSE ASSEMBLE ALL OR ANY PORTION OF THE SOFTWARE; OR RENT, LEASE, DISTRIBUTE, SELL, OR CREATE DERIVATIVE WORKS OF THE SOFTWARE.

Customer agrees that aspects of the licensed materials, including the specific design and structure of individual programs, constitute trade secrets and/or copyrighted material of Bogie Enterprises. Customer agrees not to disclose, provide, or otherwise make available such trade secrets or copyrighted material in any form to any third party without the prior written consent of Bogie Enterprises. Customer agrees to implement reasonable security measures to protect such trade secrets and copyrighted material. Title to Software and documentation shall remain solely with Bogie Enterprise.

Bogie Enterprises grant to Customer a nonexclusive and nontransferable license to use the Bogie series Expert Advisor ("EA") in object code form (.ex4) solely on central processing units owned or leased by Customer.