ForexEI (By forexei)
The user has deleted this system.
ForexEI Discussion
Jan 23, 2010 at 10:37
1,244 Views
12 Replies
forex_trader_767
Member Since Sep 14, 2009
87 posts
Apr 19, 2010 at 23:09
Which EA are you using?
Member Since Jan 18, 2010
63 posts
May 08, 2010 at 09:19
(edited May 08, 2010 at 09:19)
something is not right with your ea.
You said forexei is only work with eurusd, but then in your myfxbook account you have several other pairs traded.
Plus, my friend, who have bought your ea, can´t just have any backtest that worth with it, in anytime in history!
How come you have those results? that is not forexei performance for sure.
it is very odd also that in your site, you dont show any proof of anything: even on backtests, you show hypotetical line graphs that you say it was your tests while tuning it, but that is not more than line drawn... you dont show any forward test, any backtest and not show any real live test.
On other hand, you have this account, with the name forexei, but is not the same of your ea (pherhaps it is manual or something, but not even close to that ea...) That seems cheating people to me with envious marketing.
You said forexei is only work with eurusd, but then in your myfxbook account you have several other pairs traded.
Plus, my friend, who have bought your ea, can´t just have any backtest that worth with it, in anytime in history!
How come you have those results? that is not forexei performance for sure.
it is very odd also that in your site, you dont show any proof of anything: even on backtests, you show hypotetical line graphs that you say it was your tests while tuning it, but that is not more than line drawn... you dont show any forward test, any backtest and not show any real live test.
On other hand, you have this account, with the name forexei, but is not the same of your ea (pherhaps it is manual or something, but not even close to that ea...) That seems cheating people to me with envious marketing.
May 11, 2010 at 12:11
averagejoe posted:
something is not right with your ea.
You said forexei is only work with eurusd, but then in your myfxbook account you have several other pairs traded.
Plus, my friend, who have bought your ea, can´t just have any backtest that worth with it, in anytime in history!
How come you have those results? that is not forexei performance for sure.
it is very odd also that in your site, you dont show any proof of anything: even on backtests, you show hypotetical line graphs that you say it was your tests while tuning it, but that is not more than line drawn... you dont show any forward test, any backtest and not show any real live test.
On other hand, you have this account, with the name forexei, but is not the same of your ea (pherhaps it is manual or something, but not even close to that ea...) That seems cheating people to me with envious marketing.
Hi, averagejoe, our explanation is as follows:
1. The retail version of ForexEI only works with EURUSD at the moment. but this does not stop us from exploring and testing the possibility of trading on other currency pairs.
2. Our backtest is only upto Dec 2009 since our live real account forward test started in Nov 2009.
3. We do have backtest report available for downloading on our website.
4. Forward test = live test, therefore no forward demo test is shown.
5. We clarify that this account does not show the same performance of the current retail version of ForexEI EA since this account is a beta version of internal ForexEI EA for testing purpose as well. Beta version of ForexEI is adjusted everyday (in some sense equivalent to manual trading, however automatically triggered).
6. ForexEI is still in testing phase and we welcome feedbacks from traders around the world. No marketing has done so far to promote this product except for Ebay and myfxbook.com.
We are sorry if the purpose of this account is miss understood. This result is authentic and we have no intent to cheat people with this account. We hope this thread clarifies. Should the circumstance of this product be changed, further notification will be posted here and on our website.
- Adapts to the dynamic Forex market.
Member Since Feb 16, 2010
1332 posts
May 27, 2010 at 12:59
(edited May 27, 2010 at 13:00)
ForexEI is kinda stupid, equity is currently at ~35%. That fact is hard to accept for any serious trader.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
forex_trader_6207
Member Since Jan 27, 2010
59 posts
Jun 13, 2010 at 10:11
46% of 290% gain is still a Profitable system. whether we would use it on our capital, well that depends on how much risk capital we have. Its with Gomarkets and not some unknown broker, so Thumbs up! Your making money.
Member Since Apr 20, 2010
814 posts
Jun 13, 2010 at 11:15
(edited Jun 13, 2010 at 11:15)
Amazing -1036 negative pips in May, but YET only loss 11% of balance.
Again the system making the break record of ROI 179% on MAY.
I see that your video show 2 strategy of trading on certain trade hours time only.
1 - 'Fake Breakout Retrieval'
2 - 'The Thrust'
So do you use only these 2 strategy testing on all pairs ?
Do you add Martingale Management too ? Hardly to imagine with -1036 pips yet you still able to pull back with minimum lose.
Again the system making the break record of ROI 179% on MAY.
I see that your video show 2 strategy of trading on certain trade hours time only.
1 - 'Fake Breakout Retrieval'
2 - 'The Thrust'
So do you use only these 2 strategy testing on all pairs ?
Do you add Martingale Management too ? Hardly to imagine with -1036 pips yet you still able to pull back with minimum lose.
Information is Gold when come to organised.
Member Since Jan 18, 2010
63 posts
Jun 15, 2010 at 19:29
It is very strange. My friend had bought a copy and the results and the strategy used is completly different from what s showing here...
Member Since Apr 20, 2010
814 posts
Jun 16, 2010 at 00:55
What is show here is not what you will get in EA.
Here is just a test lab of many kind of currency and manually adjust time to time to ensure profit.
Sort like Managing account where you got professional team to look after your account and doing all kind of lab test.
Here is just a test lab of many kind of currency and manually adjust time to time to ensure profit.
Sort like Managing account where you got professional team to look after your account and doing all kind of lab test.
Information is Gold when come to organised.
Jun 26, 2010 at 12:07
We have more than 13 strategies now, not every strategies is operating every month, and not every strategy is suitable for all pairs. We adjust parameters of each strategy or turn on/off certain strategy each month to keep up with the market condition. That is, the performance of our EA purely depends on the accuracy of our monthly prediction. The 2 strategies available on our website are just demostrations. This myfxbook account is for testing our own research and development. At the same time, illustrating the ideal performance of our programmed strategy so people can trust our trading skills and experience.
Strickly speaking, Martingale is applied cautiously to some degree. However, we do not prefer that unless the current position is in losing position and the market is definitely going the opposite way rapidly, then we gradually discharge the losing position when the price adjusts itself after that surge.
No matter the lose is -10 pips or -1036 pips, the % of risk is almost the same. Comprehensive money management is programed in the EA.
Strickly speaking, Martingale is applied cautiously to some degree. However, we do not prefer that unless the current position is in losing position and the market is definitely going the opposite way rapidly, then we gradually discharge the losing position when the price adjusts itself after that surge.
No matter the lose is -10 pips or -1036 pips, the % of risk is almost the same. Comprehensive money management is programed in the EA.
ForexSeeker posted:
Amazing -1036 negative pips in May, but YET only loss 11% of balance.
Again the system making the break record of ROI 179% on MAY.
I see that your video show 2 strategy of trading on certain trade hours time only.
1 - 'Fake Breakout Retrieval'
2 - 'The Thrust'
So do you use only these 2 strategy testing on all pairs ?
Do you add Martingale Management too ? Hardly to imagine with -1036 pips yet you still able to pull back with minimum lose.
- Adapts to the dynamic Forex market.
Member Since Oct 28, 2009
1430 posts
Aug 03, 2010 at 13:08
Are you smiling about the 712% gain or the 36% equity?
Or are you just trying to get your web address on as many system pages as possible?
Or are you just trying to get your web address on as many system pages as possible?
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 Sep 04, 2009
879 posts
Aug 03, 2010 at 13:12
(edited Aug 03, 2010 at 13:17)
ups, its promo day..
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