Posts de stevetrade - Page 24

PinPoint Wizard EUR/CHF dans Stratégies Dec 23, 2010 at 16:57

Backtesting is fine providing you are aware of it's shortcomings. This EA highlighted one of them to me

GPS Forex Robot (Real Money) dans Systèmes de Trading Dec 23, 2010 at 08:17

I'm not sure upping the risk is adviseable.The 88 pip losses at first are a 10% loss to the account. The two most recent losses are for 20% of the account.After a loss the lot size is then multiplied by five and a position in the opposite direction opened straight away. The stop loss is then moved out to 220 pips as far as I can tell.Which means that it's risking the entire account if this stop loss is genuine and was to get hit.Still impressive results over a sustained period.

Sanne 01 dans Systèmes de Trading Dec 22, 2010 at 13:26

Average holding time for Eur/Usd the most traded pair in December is 13 hours for longs and 6 hours for shorts with a best trade of 42 pips and an average of around 5 pips?That's a long time to hold on to a trade for such a return in my opinion. Draw your own conclusions.

Leo Trader Pro dans Systèmes de Trading Dec 22, 2010 at 10:34

My guess is it will be a series of upsells. So you can buy it for $149 but then they will use the "EA's go out of date and constant optimisation is required, pay us $77 a month and we will optimise it so your EA will never be out of date!"

Leo Trader Pro dans Systèmes de Trading Dec 21, 2010 at 08:58

I'll just add to this. If I was an EA marketer, I'd have hundreds of EA's running on hundreds of accounts with a few hundred dollars in. Every time an account blew or suffered an unacceptable loss, I'd close it down and open a new one with the same EA.Every time I had an account that had been running without a serious loss for a few months I'd wheel it out as my latest "Super Duper Never Loses EA" and do a marketing pitch on it. That way I'd always have something in the pipeline that looked good.Sounds really cynical but I bet that's how they roll. The mar...

Leo Trader Pro dans Systèmes de Trading Dec 21, 2010 at 08:50

Hi Ray, You can't really compare this to a grid trading EA. That's like comparing apples and motorbikes. A grid trading EA works from a completely different principle than a straight one trade becomes either a win or a loss EA.I think the point that the risk/reward debate creates is that using a larger stop loss means that you get a potentially larger window of non losing trades to showcase to potential customers and Solar's point about the 1000:1 risk reward illustrates it beautifully. I could easily amend one of my EA's to show the impact of this. In fact I have and I made tw...

Leo Trader Pro dans Systèmes de Trading Dec 19, 2010 at 08:41

I can confirm I have been contacted with regards to buying EA's from me for mass marketting. So they don't even do their own development. They just want an EA that backtests well for about three years and they pay $1,000 and $2,000 for it - then sell it and make thousands from it.

Super Scalper dans Systèmes de Trading Dec 17, 2010 at 13:09

Nice post Max and I totally agree with your viewpoint.There are so many people out there that have lost money in one form or another and then decide it is okay to take it from other people to even the scales. It's as though somebody steals money from your house so you decide that it's okay to steal your neighbour's car because, hell everyone else seems to be doing it.These people think they are getting away with something, but they're not. If they take a real good look in the mirror then I'm sure they would not like the person that they see there and it's not a nice thi...

Tradingboy PAMM dans Systèmes de Trading Dec 17, 2010 at 12:19

I like your site, well done. You seem to have your head screwed on. It would be nice to see your trades but I can appreciate why you might not want to show them. I'm guessing from your attitude on your website that it's not a martingale you're using.

Leo Trader Pro dans Systèmes de Trading Dec 17, 2010 at 12:05

Ohhh a bonus. I wonder what it is?Is it a puppy do you think?I'd love a puppy for Christmas!Or do you think it's an upsell telling me how much more I could make if I only used the go-faster version with nitrous injection?

Leo Trader Pro dans Systèmes de Trading Dec 17, 2010 at 11:30

You could be right, there's a whole conveyor belt of new EA's that keep being churned out.Obviously the customer turnover is high with people asking for refunds but you only need to retain around 10% of the 10,000 people that buy your $100 trash to make $100,000. Run one of these a month and you make a cool $1,200,000 for a year of selling junk to people that don't know any better.

Super Scalper dans Systèmes de Trading Dec 17, 2010 at 09:25

I agree there are no certainties in this world, but some things are less certain than others. Taking the view that all is corrupt and ultimately good actions are futile is a rather bleak way to see things and if that is your world view then all I can do is wish you the best in life.

Super Scalper dans Systèmes de Trading Dec 17, 2010 at 08:14

Hi GodFather,I'm not sure what your post is attempting to achieve. Except to try and discredit people, who fundamentally, are trying to provide a free auditing service of MyFxBook to pick up on the areas that can be exploited by morally dubious people. I have personally been contacted by people asking about Super Scalper and have advised them not to get involved. Hopefully it saved them some money.The last time I checked it was up to each individual to decide how they wished to use their time on this planet. You obviously see the world as a pure Darwinian society where you only need look o...

Leo Trader Pro dans Systèmes de Trading Dec 16, 2010 at 16:46

My guess is they will charge a subscription, although it is just that, a guess.I've never used them but I've heard that they aren't that brilliant

Commercial offers should be backed by real, verified accounts dans Boîte à suggestions Dec 16, 2010 at 16:22

Watermarking demo/unverified charts is a great idea. Of course, I could knock up a "MyFxBook" chart in about 30 minutes in photoshop to show pretty much anything I wanted to.I basically disregard any MyFxBook details on a commercial website unless they lead directly back to a live account on here, and so should everybody else in my opinion.

Leo Trader Pro dans Systèmes de Trading Dec 16, 2010 at 16:12

It would seem that the Leo EA is a trade replicator at the client side. I'm not a great fan of this kind of setup I must admit. It's a good way to control your IP and ensure that people don't screw up the settings and then complain when the EA doesn't make a profit.No doubt the manual will claim that the best results will be achieved by using the same broker as they do FinFx.

FXCL1137600 dans Systèmes de Trading Dec 16, 2010 at 15:41

Interesting that on November 24th you managed to achieve 99% account increase with a 9 pip winner.51% account increase with a 14 pip winner.76% account increase with a 7 pip winner.Even allowing for the way that MyFxBook accounts for percentage increases this is an insane level of risk to be taking with an account. It looks to me as though you were overtrading.

Leo Trader Pro dans Systèmes de Trading Dec 16, 2010 at 10:59

Here are a couple of examples where it went into 100 pip or so drawdown to get it's profit. So my guess is that the 330 pip opening stop loss is an actual optimised stop loss.So, it will hit it sooner or later. That said it is currently nearly 3000 pips up.

Leo Trader Pro dans Systèmes de Trading Dec 16, 2010 at 10:21

The longest a trade has been opened is nine days. The shortest, rather weirdly, is zero seconds.

Commercial offers should be backed by real, verified accounts dans Boîte à suggestions Dec 16, 2010 at 10:10

Totally agree with this. Not sure how to enforce it other than splitting out the commercial and the non commercial accounts.As it stands I believe the vigilant members of the site do their best to point out when one of the various elements are missing from an account but there are still always people ready to take a punt when they see the dollar signs.

EURUSD	1.04877	GBPUSD	1.26428	AUDUSD	0.6328
USDJPY	149.169	USDCAD	1.43121	USDCHF	0.89358