FOREX COMBO SYSTEM (By fxcombo)
The user has deleted this strategy.
FOREX COMBO SYSTEM Discussion
Sep 03, 2010 at 08:13
FOREX COMBO SYSTEM Myfxbook Live Performance:
https://www.myfxbook.com/portfolio/forex-combo-system/41297
https://www.myfxbook.com/portfolio/forex-combo-system/41297
Attachments:
Member Since Oct 28, 2009
1435 posts
Sep 03, 2010 at 08:15
Nice, your link is this by the way.
https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jun 16, 2010
205 posts
Sep 03, 2010 at 11:13
Could you post a backtest with a maximum 1.0 lot (100'000 units)?
Isn't very hard to program: (I'm not in any way suggesting you don't know how, it's for everyone to see)
extern double MaxLot = 1.0;
.....
after your lotscalculation:
if(calculatedlot > MaxLot)
{
calculatedlot = MaxLot;
}
Cheers
Soeren
P.S. I'm sure it's no problem for you, it's just that 99'999 lots a little too big for the market :-)
Isn't very hard to program: (I'm not in any way suggesting you don't know how, it's for everyone to see)
extern double MaxLot = 1.0;
.....
after your lotscalculation:
if(calculatedlot > MaxLot)
{
calculatedlot = MaxLot;
}
Cheers
Soeren
P.S. I'm sure it's no problem for you, it's just that 99'999 lots a little too big for the market :-)
Always get cashback -
Member Since Oct 28, 2009
1435 posts
Sep 03, 2010 at 12:16
I think there are 1 lot backtests on the website Soeren
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jun 16, 2010
205 posts
Sep 03, 2010 at 13:30
I can't really find one of this system Steve.😉
Cheers
Soeren
Cheers
Soeren
Always get cashback -
Member Since Oct 28, 2009
1435 posts
Sep 03, 2010 at 13:37
There are backtests of the three individual components and then a combined backtest for the strategies. The actual trade history isn't up there but the header details from the backtest is there.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jun 16, 2010
205 posts
Sep 03, 2010 at 14:25
Aahh, my fault, I thought You meant this site, not his site. [smile]
I do have a few problems though, concerning the correctness of the test.
As I see it, myfxbook returns the maximal drawdown in % as the biggest $loss from current balance, instead of the actual maximal relative drawdown(floating loss), which you get from the header.
Forexautomater is selling a product, revealing numerous statements:
1) '10 years proven forex profits' - Since when was a 10y backtest a proof?
2) 'Endorsed by industry professionals' - hmm, who, and which industry?
3) 'Guaranteed succes using these systems' - that means he's giving us our money back next year when our accounts are dry?
4) '100% long-term profits consistently and systematically' - just remember to read all the grey tiny letter-size lines at the end of the page, please.
5) On the 'Fixed 1-lot test', 'Maximal drawdown: 3.39%', yeah, the maximal RELATIVE drawdown is 45.90%! and 56.21%!! on a 'relatively normal risk trades: 5% of risk capital per transaction'.
6) 'FOREX COMBO SYSTEM LIVE STATEMENT:' linking to an Alpari demo-account with the best spreads in the world and instant execution.
I'm not saying my system is any better than his, I'm not a professional. BUT, I'm not selling an Expert Advisor for 299$😉
I do have a few problems though, concerning the correctness of the test.
As I see it, myfxbook returns the maximal drawdown in % as the biggest $loss from current balance, instead of the actual maximal relative drawdown(floating loss), which you get from the header.
Forexautomater is selling a product, revealing numerous statements:
1) '10 years proven forex profits' - Since when was a 10y backtest a proof?
2) 'Endorsed by industry professionals' - hmm, who, and which industry?
3) 'Guaranteed succes using these systems' - that means he's giving us our money back next year when our accounts are dry?
4) '100% long-term profits consistently and systematically' - just remember to read all the grey tiny letter-size lines at the end of the page, please.
5) On the 'Fixed 1-lot test', 'Maximal drawdown: 3.39%', yeah, the maximal RELATIVE drawdown is 45.90%! and 56.21%!! on a 'relatively normal risk trades: 5% of risk capital per transaction'.
6) 'FOREX COMBO SYSTEM LIVE STATEMENT:' linking to an Alpari demo-account with the best spreads in the world and instant execution.
I'm not saying my system is any better than his, I'm not a professional. BUT, I'm not selling an Expert Advisor for 299$😉
Always get cashback -
Sep 03, 2010 at 14:44
Soeren, as you know the FOREX trading is for grown-up people, familiar with the risks. I am 100% sure that FOREX COMBO SYSTEM is long-term profitable product. I do not see anything wrong to sell it. If you compare my presentation with 99% of the presentations of the commercial forex robots, you must admit that my presentation is very conservative.
Regards!
Regards!
Member Since Jun 16, 2010
205 posts
Sep 03, 2010 at 15:15
I know Forex trading is for grown-ups, that's why I'm only risking approx. 50$ while learning.
You may be 100% sure, that you system is profitable in the long run, but, conservative or not, your statements are quite similar to 99% of the commercial robots on the market that doesn't work on a real, live money-account:
I'm sorry, but in my opinion, that's all sales hype, and a lot of your possible buyers forget to read the whole story ending up with a product that might not work (on a real, live moneyaccount, forwardtested for at least 12 months)!
Hope to see you on a real account, a cents- or mini-account would be just fine, for the next 12 months. THEN I'll be happy to purchase your EA (if I'm not satisfied with my own 😉).
You may be 100% sure, that you system is profitable in the long run, but, conservative or not, your statements are quite similar to 99% of the commercial robots on the market that doesn't work on a real, live money-account:
GridsForPips posted:
1) '10 years proven forex profits' - Since when was a 10y backtest a proof?
2) 'Endorsed by industry professionals' - hmm, who, and which industry?
3) 'Guaranteed succes using these systems' - that means he's giving us our money back next year when our accounts are dry?
4) '100% long-term profits consistently and systematically' - just remember to read all the grey tiny letter-size lines at the end of the page, please.
5) On the 'Fixed 1-lot test', 'Maximal drawdown: 3.39%', yeah, the maximal RELATIVE drawdown is 45.90%! and 56.21%!! on a 'relatively normal risk trades: 5% of risk capital per transaction'.
6) 'FOREX COMBO SYSTEM LIVE STATEMENT:' linking to an Alpari demo-account with the best spreads in the world and instant execution.
I'm not saying my system is any better than Yours, I'm not a professional. BUT, I'm not selling an Expert Advisor for 299$😉
I'm sorry, but in my opinion, that's all sales hype, and a lot of your possible buyers forget to read the whole story ending up with a product that might not work (on a real, live moneyaccount, forwardtested for at least 12 months)!
Hope to see you on a real account, a cents- or mini-account would be just fine, for the next 12 months. THEN I'll be happy to purchase your EA (if I'm not satisfied with my own 😉).
Always get cashback -
Sep 03, 2010 at 16:06
Soeren, thank you for your opinion! It is reasonable. But if you are experienced with the expert advisors trading like I am, you should know, if the strategy is not an aggressive 1-2 pips or news trading scalper, the difference between demo and real with a decent broker is insignificant .
By the way, this is my other strategy this time on live real money account:
https://www.myfxbook.com/portfolio/wpr-pro-scalper-fxdd-real/45679
Regards!
By the way, this is my other strategy this time on live real money account:
https://www.myfxbook.com/portfolio/wpr-pro-scalper-fxdd-real/45679
Regards!
Member Since Jun 16, 2010
205 posts
Sep 03, 2010 at 20:39
That one isn't actually making me feel any better...
Now you advertise a scalper that, from what I can see, sets a 300 pip SL! trading 4 currencypairs with 0.1 lots taking 1200$ loss if they all hit the red marker...
I know 25% profit a month is very nice, but taking 50% capital risk on a single trade is not safe long-term trading, that's gambling!
But I'll wait and see in 8 months, it'll be fun for you laughing in my face, bringing home the profits.😉
Soeren
Now you advertise a scalper that, from what I can see, sets a 300 pip SL! trading 4 currencypairs with 0.1 lots taking 1200$ loss if they all hit the red marker...
I know 25% profit a month is very nice, but taking 50% capital risk on a single trade is not safe long-term trading, that's gambling!
But I'll wait and see in 8 months, it'll be fun for you laughing in my face, bringing home the profits.😉
Soeren
Always get cashback -
Sep 04, 2010 at 07:46
Soeren, please do not worry about me! I have a huge experience with the experts advisors development and trading, so I know very good what I am doing. About the 300 pips SL - this is only for force major circumstances. I use position exits rules in more then 99% of the positions. Of course there are risks in the FOREX trading, but you should know this.
Sep 22, 2010 at 10:07
I have received on my email, the publicity of a product, denominated FX Combo-EA, very similar to yours but in sale to an inferior price. The link is the following: https://www.fxcombo-ea.com/:
is it the same your product or no?
I hope that this signaling of mine doesn't create prejudice to anybody!
Thank you and best regards.
Frankalde
is it the same your product or no?
I hope that this signaling of mine doesn't create prejudice to anybody!
Thank you and best regards.
Frankalde
forex_trader_12732
Member Since May 31, 2010
4 posts
Sep 23, 2010 at 02:08
Fxautomater,
what a fantastic system, let me ask you, why you selling it? It didnt reach the zillion dollars you were hoping for? lol
I am 100% certain your programs dont work that good on live accounts, i am willing to put money with you to prove it wrong, would you like to take up the challenge?
what a fantastic system, let me ask you, why you selling it? It didnt reach the zillion dollars you were hoping for? lol
I am 100% certain your programs dont work that good on live accounts, i am willing to put money with you to prove it wrong, would you like to take up the challenge?
Sep 23, 2010 at 05:15
Of course the back tests are not the same with the real trading. Here you can see some live results:
https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
Sep 29, 2010 at 17:26
fxcombo posted:
Of course the back tests are not the same with the real trading. Here you can see some live results:
https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
how are these live it says its a demo account?
