EURClimber.com - DEMO (By ECMartin)
The user has deleted this system.
EURClimber.com - DEMO Discussion
Dec 15, 2010 at 16:25
1,429 Views
14 Replies
Dec 15, 2010 at 18:01
This is a demo account of the software; I know for sure that it works on live as well, but I don't want to publish the old live account for reasons explained on the website.
A new live account will be published within a few weeks; if you need to see a live account statement before purchasing, please add yourself to the mailing list, so that you can receive notification once the live account is published.
I'm open to any questions in this discussion.
A new live account will be published within a few weeks; if you need to see a live account statement before purchasing, please add yourself to the mailing list, so that you can receive notification once the live account is published.
I'm open to any questions in this discussion.
A hard thing about business is minding your own.
Member Since Jul 21, 2010
106 posts
Dec 15, 2010 at 20:50
it does not look bad. what is the Risk/reward ratio?
Dec 15, 2010 at 21:04
(edited Dec 15, 2010 at 21:22)
To be honest, I never measured the risk/reward ratio, but I would say it will be about 1:3 in the long run, as the stoploss is fixed at 11 pips (or 14 to 16 in the final version), while the average win is 5 - 6 pips.
Generally speaking, this risk/reward ratio is considered poor, but it is OK for this type of strategy (high % of winning trades) and it is the best and most stable set-up for this EA I have found.
Generally speaking, this risk/reward ratio is considered poor, but it is OK for this type of strategy (high % of winning trades) and it is the best and most stable set-up for this EA I have found.
A hard thing about business is minding your own.
Member Since Jul 21, 2010
106 posts
Dec 15, 2010 at 21:42
I agree with you, if the EA continues with these result, it will be one of the best out there. But time will tell
Dec 15, 2010 at 22:27
Honestly, it won't be that ideal - there will be drawdowns, there will be losses, HOWEVER I have tested it for almost 4 years on tick-by-tick data and with real spread (not just 90% modelling quality & fixed, unrealistic spread), so this backtest matches forward test and the system is pretty stable. The website will be open in a day or two so you will be able to check yourself.
A hard thing about business is minding your own.
Dec 16, 2010 at 17:04
A hard thing about business is minding your own.
Member Since Sep 04, 2009
879 posts
Dec 22, 2010 at 18:31
IMHO the traded lot sizes on the demo are suicidal. Once the stop loss get ignored for whatever (technical) reason the account will be in jeopardy.
Dec 22, 2010 at 18:43
(edited Dec 22, 2010 at 18:44)
pc8multifx posted:You need to divide the lot size by 10. This is an MB Trading account, which means that one lot is not $100,000, but $10,000.
IMHO the traded lot sizes on the demo are suicidal. Once the stop loss get ignored for whatever (technical) reason the account will be in jeopardy.
A hard thing about business is minding your own.
forex_trader_23503
Member Since Nov 24, 2010
47 posts
Dec 22, 2010 at 18:48
(edited Dec 22, 2010 at 18:48)
pay attention on leverage 1:50. Great System.
pc8multifx posted:
IMHO the traded lot sizes on the demo are suicidal. Once the stop loss get ignored for whatever (technical) reason the account will be in jeopardy.
Member Since Sep 04, 2009
879 posts
Dec 22, 2010 at 19:12
OK, that means you trade 40x 10.000= 400.000 on only 1:50 leverage? This would require a margin of 8000 bucks per trade ...😲
For my taste, this is still way to much on such an account size with low leverage
For my taste, this is still way to much on such an account size with low leverage
Dec 22, 2010 at 19:21
pc8multifx posted:Yes, so there's $2000 more you can lose on the trade until you run out of margin, and the risk per trade is only $500 😉. I've been successfuly trading the same leverage live for 8 moths B-) But of course you can trade the system on lower leverage or on an account with lower required margin if you don't feel comfortable trading with this leverage.
OK, that means you trade 40x 10.000= 400.000 on only 1:50 leverage? This would require a margin of 8000 bucks per trade ...😲
For my taste, this is still way to much on such an account size with low leverage
A hard thing about business is minding your own.
Member Since Sep 04, 2009
879 posts
Dec 22, 2010 at 19:36
Good luck for the future when it comes to trade REAL money...
Do you wanna know how many times I have faced situations of ignored SL from the broker side? Seven times in 8 years forex trading....
And I promise you, you will sweat blood if it happens to you with your used lot sizes on a low leverage broker
Do you wanna know how many times I have faced situations of ignored SL from the broker side? Seven times in 8 years forex trading....
And I promise you, you will sweat blood if it happens to you with your used lot sizes on a low leverage broker
Dec 22, 2010 at 19:40
(edited Dec 22, 2010 at 19:52)
pc8multifx posted:The 8 months I was talking about is real money ;-)
Good luck for the future when it comes to trade REAL money...
Do you wanna know how many times I have faced situations of ignored SL from the broker side? Seven times in 8 years forex trading....
And I promise you, you will sweat blood if it happens to you with your used lot sizes on a low leverage broker
Come on, trading 1:50 is nothing uncommon or extreme, but as I said, if you're not comfortable trading 1:50, you can choose lower leverage.
BTW, about the stoploss, of course it does happen from time to time, that's why the software tries to place it repetitively and if it's not triggered anyways, it closes it by an orderclose command ;-) On the other hand, if your system does NOT do that, your whole account balance is threatened no matter if you trade with much lower leverage anyways.
A hard thing about business is minding your own.
Jan 06, 2011 at 09:56
How do you have withdrawal in the demo history?
I'm rooting for you - go live as you said so we can see real performance - under real conditions.
I'm rooting for you - go live as you said so we can see real performance - under real conditions.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Jan 06, 2011 at 09:59
(edited Jan 06, 2011 at 09:59)
Hi speki, the withdrawal is there because all MB Trading demo accounts were reset at the beginning of the year. The live account was established yesterday and the EA is running there, but there were no trades yesterday. I will publish it here as well as on the website as soon as some trades are taken.
A hard thing about business is minding your own.
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