stevetrade's Posts - Page 5

KeltnerPRO - Jared in Trading Systems Jan 15, 2015 at 12:40

You can't really blaim Keltner for a black swan event. I've spoken to several of my brokers in a frantic last few hours and they all said liquidity providers pulled the feeds. I still have positions opened with FXDD that they won't shut on Chf pairs.The account blew simply because it was impossible for the trades to close. I myself have two blown accounts, but also some account s with good profits.Best regards Steve

Caesar 400% EURUSD in Trading Systems Jan 15, 2015 at 11:39

My caesar account did, still trying to figure out the fallout on my other accounts/strategies. Going to be busy for a few days I think.

Caesar 400% EURUSD in Trading Systems Jan 15, 2015 at 11:05

Haha, how the hell did Caesar survive that! Nice work. Brokers are going to be unwinding Chf related orders for weeks.Best regards Steve

KeltnerPRO - Jared in Trading Systems Jan 15, 2015 at 09:21

The owner of the robot doesn't disconnect the EA during December and January as evidenced by the account - why would he suggest others do?As Vladrac stated there are varying opinions on the matter. I backtested the EA and the only periods that I avoided are the week before and the week after, i.e. the two week period that a lot of people are on holidays for. Backtest data supports this decision. I also mentioned that if you look at previous histories both volume and ATR indicators do not support the commonly held belief that you should not trade in December and January. Maybe the Ea author...

REV Trader PRO REAL in Trading Systems Jan 08, 2015 at 19:07

I'm commenting on two EA's at the moment. Keltner which I own. Rev trader pro, which I'm following as I was considering buying it and so was doing due diligence. You know what, I retired once from analysing commercial EA's and providing my input on them. I think I'm going to do it again. Signing out. Good luck!Best regards Steve

REV Trader PRO REAL in Trading Systems Jan 08, 2015 at 15:16

Facts can hardly be described as negative shit, except by people who are trying to conveniently ignore them because they conflict with their desired view of the situation. Look, at the end of the day, I'm just shining a light on what might be some crap that people are possibly going to stand in. If you want me to go away, I'm happy to do so.Best regards Steve

REV Trader PRO REAL in Trading Systems Jan 08, 2015 at 14:15

Here's my view on things. Just to sum up.Rev trader pro does work but is not as profitable as this account shows due to manual manipulation of the trade history at a server level, which was done to over-egg the cake for marketing purposes.With regards to brokers, that's a separate thread in it's own right and a large discussion. The only thing I would recommend both from a trading perspective and a broker perspective is diversify. Best regards Steve

REV Trader PRO REAL in Trading Systems Jan 08, 2015 at 12:59

I'm not sure. I'm not claiming the EA doesn't work, over a period it seems to work. However people are purchasing based on an understanding of a performance level which I'm not convinced is there due to spurious trades in the history.Here's a link to the NZDUSD price feed using Synergy FX MT4 for 11/12 December 2013, with the trade entries plotted for the three NZDUSD trades. Trades which appear both on MyFxBook and on the account statement.http://c2n.me/3a4Ii57.pngNow while I'm not 100% sure about the timing of the trades due to possible daylight saving that may affect...

REV Trader PRO REAL in Trading Systems Jan 08, 2015 at 12:16

No it isn't an independently run account. It's just a link to Doug's statement. Which again has the contested trades that are allegedly due to a MyFxBook issue. I'm not claiming the EA does not work. It clearly does, as so many people state. However the veracity of it's actual performance has to be doubted due to apparent spurious transactions in the historic statement. i.e. It's not as profitable as you think it is.On top of this, if the transactions are spurious then the legitimacy of Synergy as a broker has to be doubted as I've had it confirmed from Ethan that t...

REV Trader PRO REAL in Trading Systems Jan 07, 2015 at 16:46

Good stuff, thanks for putting the statement back. It does of course raise the question of why the MyFxBook trades that are due to an upload problem are the same as the trades on the MT4 statement.Best regards Steve

REV Trader PRO REAL in Trading Systems Jan 07, 2015 at 12:29

I'm not saying it's a fraud, nor am I a doubter. All I'm saying is that the JL trader post raises some interesting queries. My own due diligence confirms that there are some issues with the historic trades, these should be considered and the reason for them addressed. If Doug was to disconnect and reconnect the account then the issues that occurred with MyFxBook should hopefully disappear.However here's another thing to consider. JL trader flagged that the trades were the same on the statement published on Doug's site, which would rule out a MyFxBook issue.http://i2.wp.com/...

REV Trader PRO REAL in Trading Systems Jan 07, 2015 at 10:03

Easily solved if the problem was a MyFxBook issue. Delete the account and reconnect it. That should solve the problem and shut up the doubters.Best regards Steve

REV Trader PRO REAL in Trading Systems Jan 06, 2015 at 11:56

Hard to say, it looks like some of the results have been falsified in some way though, possibly just to push it to the top of the rankings on MyFxBook and for marketing purposes. Who knows? It would certainly be easier to create a false statement with the brokers involvement. However Synergy are Aussie regulated, which means that it's less likely than a broker in a poorly governed jurisdiction.As I understand it, MyFxBook connects directly to an account and carries out various checks. So it should be impossible to falsify a statement unless that statement also exists with false data on the...

REV Trader PRO REAL in Trading Systems Jan 06, 2015 at 11:06

Agreed, I've looked at the details of this post and I can confirm that the prices on some of the trades for this account are not genuine.Best regards Steve

KeltnerPRO - Jared in Trading Systems Dec 19, 2014 at 14:38

The best idea would be to backtest both sets and compare, both individually and a mixed portfolio with both settings and see what comes out. I'm switched off now until the new year. However my feeling is in the last few weeks a few of these trades have fallen victim to stop hunting. Hopefully Jared will sort out a hidden stop loss version over the Christmas break!Best regards Steve

KeltnerPRO - Jared in Trading Systems Dec 16, 2014 at 09:11

The manual is wrong, I posted this earlier. I recommend running backtests with any EA that you purchase before running it on an account. This will show you how the risk calculations work. When I saw they didn't match what the manual said I queried it with Jared. The post is a few pages back.With regards to the 60 day money back guarantee. In three years of backtesting only once was there two losing months in a row. However starting on four of the months out of 35 you would have ended up with a net loss after two months. All the others would end up in profit.Best regards Steve

KeltnerPRO - Jared in Trading Systems Dec 12, 2014 at 13:32

Sounds interesting and probably something that could be coded.Best regards Steve

KeltnerPRO - Jared in Trading Systems Dec 12, 2014 at 12:26

Sorry, sometimes I come across as brusque. I'm not saying they are specifically hunting Keltner stops. The more successful a commercial EA becomes the more people buy it ( even though they always claim to be limited sales - this is just a marketing ploy ). The more people buy it, the more impact it has on the order books and consequently the more likely it is to be targeted. Successful systems change markets and suddenly the backtesting that your system was built on is invalid.The market makers are here to make money out of the markets just like we are and it's a net zero sum game with...

KeltnerPRO - Jared in Trading Systems Dec 12, 2014 at 00:00

I recommend you read this and then maybe take a moment of quiet reflection to consider the implications to commercially released EA's.http://www.managementtoday.co.uk/go/news/article/1283997/a-beginners-guide-forex-riggingSince this investigation started some opinions on forums stopped being opinions and became cold, hard facts.Best regards Steve

KeltnerPRO - Jared in Trading Systems Dec 11, 2014 at 09:34

I'm open to suggestions, although my gut tells me there aren't any free, efficient EA's out there. Personally I'm not bothered that it will stop working, it's the nature of trading. Providing you run a diversified portfolio failures aren't an issue.Best regards Steve

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