Metatrader expert advisors dissected.
Starting from September 2010, all my forward tests are featured on real accounts. It simply doesn’t get any more realistic than this. Most of the accounts are going to be opened with LiteForex, FXOpen or, starting from summer 2011, PrivateFx.
If you would like to compare the performance of the expert advisors on this page, please head to the EA Top where the information is more condensed and you can also see some stats.
Forex Combo System
Settings: default, money management set to 2 for each system
Started: 19.09.2010
Broker: FXOpen
Account type: live, cent
Starting balance: ¢4980
Currency pairs: EURUSD
Settings: default, risk set to 2 for each system, GMT detection disabled and manual GMT offset configured to 3 permanently (LiteForex has 3 during DST and 2 otherwise)
Started: 12.03.2011
Broker: LiteForex
Account type: live, cent
Starting balance: ¢5000
Currency pairs: GBPUSD
Settings: default, risk set to 2 for each system and currency pair; for GBPUSD only, GMT detection disabled and manual GMT offset configured to 3 permanently (PrivateFX is using GMT+2 and DST)
Started: 22.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Currency pairs: EURUSD, GBPUSD
Forex Megabot
Settings: default, RiskLevel 1 and StealthMode off
Started: 21.09.2010
Broker: LiteForex
Account type: live, cent
Starting balance: ¢5000
KangarooEA
Settings: default
Started: 01.12.2010
Broker: LiteForex
Account type: live, cent
Starting balance: ¢5000
Settings: default
Started: 17.01.2010
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Pairs: AUDUSD
Forex Growth Bot
Settings: default (lot size 0.1)
Started: 12.01.2011
Broker: LiteForex
Account type: live, cent
Starting balance: ¢5000
EURClimber
Settings: default
Started: 13.01.2011
Broker: FXOpen
Account type: live, cent
Starting balance: ¢5013
Note: spreads fixed on 3 for both EURCHF and EURGBP
Harvester v2
Settings: default, risk 3
Started: 27.03.2011
Broker: FXOpen
Account type: live, cent
Starting balance: ¢5013
Forex Real Profit EA
Settings: default, risk 3
Started: 23.02.2010
Broker: GO Markets
Account type: live, micro
Starting balance: AUD 96.30
Forex Morning Trade
Settings: default, hour set to 8:15, risk 2
Started: 27.03.2011
Broker: LiteForex
Account type: live, cent
Starting balance: ¢5000
Wallstreet Forex Robot
Settings: default, AutoMM set to 3 for all pairs
Started: 29.03.2011
Broker: LiteForex
Account type: live, micro
Starting balance: $500
Forex WindFall
Settings: default, risk 5, automatic money management
Started: 02.06.2011
Broker: LiteForex
Account type: live, micro
Starting balance: $503
PipRider
Settings: default, MaximumSpread 3.5
Started: 23.06.2011
Broker: LiteForex
Account type: live, cent
Starting balance: ¢3000
Fx Steady Growth
Settings: default, money management enabled using LotsPercent = 2.0
Started: 07.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Quantum FX Bot
Settings: default (RiskPercent = 3.0)
Started: 07.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Silver EA
Settings: default (Risk is 100)
Started: 12.09.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Steady Winner
Settings: default, PercentToRisk = 5.0 (as suggested by the author)
Started: 07.08.2011
Broker: PrivateFx
Account type: live
Starting balance: $300
Iris FX
Settings: default, Strategy 1 lot_percent = 3.0, Strategy 2 lot_percent = 1.5, Strategy 3 lot_percent = 3.0
Started: 07.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Million Dollar Pips EURUSD
Settings: all default, except: Risk 1.5, FIFO disabled; starting with 11.10.2011, Stop Orders, Hard Stop Trailing and AutoAdjust_ECN are set to false
Started: 07.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Million Dollar Pips GBPUSD
Settings: all default, except: Risk 1.5, FIFO false, Stop Orders false, Hard Stop Trailing false and AutoAdjust_ECN false
Started: 24.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Million Dollar Pips USDJPY
Settings: all default, except: Risk 1.5, FIFO false, Stop Orders false, Hard Stop Trailing false and AutoAdjust_ECN false
Started: 24.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Forex Gold Trader v4
Settings: default (FGT_AutoLot 0.005)
Started: 31.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Leverage: 1:500
Note: this account is running Forex Gold Trader v4
Show retired Forex Gold Trader v3 forward test »
Settings: default (dynamicLot 0.5)
Started: 08.08.2011
Stopped: 26.09.2011 when gold took a plunge and the account took a stop out.
Broker: PrivateFx
Account type: live, micro
Starting balance: $300 (increased by $200 on 24.08.2011 when the account was close to a margin call)
Note: this account was running Forex Gold Trader v3
Show retired Genial Invest forward test »
Genial Invest
Settings: default (RiskLevel = 1)
Started: 08.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Euro Smarter
Settings: default, EnableMM = true, Risk = 5
Started: 08.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
FX Speed Trader
Settings: default, Risk = 2, TradeMicroLots = true
Started: 22.08.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
ParaSwing
Settings: default, percentage free margin set to 5.0
Started: 29.09.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Forex Gale
Settings: all defaults except TakeProfit 0.65, TrailingStopLoss 0.65, LotsSize 0.02 (medium risk, as recommended by the vendor)
Started: 29.08.2011
Broker: PrivateFx
Account type: live, micro
Leverage: 1:200
Starting balance: $300
Forex Shocker
Settings: default, MaxSpread 4.0, MoneyManagement enabled, SuperAggressive enabled (due to what seems to be a lot calculation problem with micro lots)
Started: 30.09.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Pairs: EURUSD only, as recommended by the vendor
Forex Cleaner
Settings: default, Stealth false, Risk 3.0
Started: 24.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Smart FX Master Scalper
Settings: default
Started: 31.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Smart FX Breakout Hunter
Settings: default
Started: 31.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Two Percent Daily
Settings: default
Started: 31.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
OddBot
Settings: default, AutoMM 5.0
Started: 31.10.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Pairs: EURUSD, GBPUSD
Forex Trend Hunter
Settings: default, AutoRisk 3.0
Started: 01.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Forex Winning Solution
Settings: default, MMPercentage 5
Started: 03.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Orange Forex Robot
Settings: default, MaximumRisk 1.0 (due to the 10k lot size; the normal, recommended setting is 0.1)
Started: 13.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Forex Flow
Settings: default (StartLotSize 0.01, MaxLevel 6)
Started: 22.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Forex EAs Trend Scalper
Settings: default, Percent Risk 0.5
Started: 27.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
MyFXDuplicate
Settings: default, FixedLots 0.15
Started: 27.11.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
FX Smart Invest
Settings: default; RiskScaling increased to 10.0 after 1 week of testing when it became obvious that the EA doesn’t know how to handle a different contract size.
Started: 06.12.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Hyper EA
Settings: default; UseMM – enabled, LotsFor1000 – 1.0, Lotsdigits – 2, TimeCorrection – 0
Started: 13.12.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Magic Champ II
Settings: mostly default; settings changed or worth mentioning: MoneyManagement_Variant 1, risk_Long_Percent 3, risk_Short_Percent 3, use_Adaptive_MM false, OrderOpen_withSLTP false, Auto_Trade_Open true, use_Local_Time false, use_Server_Time true, startTime_Hour 2
Started: 20.12.2011
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Fast Forex Millions
Settings: defaults other than risk which was set as follows: EURUSD – 3, GBPUSD – 3, USDCAD – 2, AUDUSD – 2
Started: 20.01.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Interbank Trade Advisor
Settings: default, fixed lot size 0.04
Started: 12.01.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
History
I am committed to keeping a log of all the changes applied to the forward tests, but it was getting rather big and cluttering this page needlessly so I decided to move it. It is now available at the Forward test change history page.
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#5 written by George November 9, 2010 (1 year ago)
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#7 written by Dennis November 11, 2010 (1 year ago)
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#9 written by Dennis November 11, 2010 (1 year ago)
may be you can switch to use myfxbook’s ea to publishing, it works for me.
http://www.myfxbook.com/help/connect-metatrader-ea -
#11 written by Dennis November 11, 2010 (1 year ago)
Hi, birt, did you hear the forex crescendo before. it is a grid bot. what do you think about it? their myfxbook’s page looks interesting.
http://www.myfxbook.com/members/crescendo/crescendo/49434-
#12 written by birt November 11, 2010 (1 year ago)
Yes, I did. Crescendo is supposed to work on two pairs in some kind of a synergy. According to the authors, the results from backtesting on a single pair are irrelevant.
What I’m saying is that it can’t be properly backtested and I generally don’t trust grid EAs either way. Backtesting it individually on each currency doesn’t look particularly good.
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#13 written by George November 12, 2010 (1 year ago)
Grids can be effective since there is a lot of noise in the movement of the currencies. Yes, you can’t back test them worth a crap. But if they can anchor and reset correctly they have success, just watch out for big market swings from opening too many trades…or make the lot sizes a lot smaller than you think.
Good thing is for each pair, they trade the same direction so you don’t have to worry about hedging.
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#14 written by birt November 12, 2010 (1 year ago)
On the contrary, that’s the bad thing. If it trades in the same direction on both pairs then you’re majorly affected by any UK news (since it trades GBPUSD and GBPJPY). Basically, if any major event (natural disaster, extremely important economic/politic news, terrorism act) happens in the UK and you’re unlucky and have positions in the wrong direction, you can say goodbye to your account.
However, Crescendo doesn’t only trade in the same direction; sometimes it opens opposite direction positions according to some internal hedging rules.
As for the big market swings opening too many trades, first of all if you knew when a big market move was going to continue, it would likely be easier to make money trading manually. Second, if you interfere with it, the results can be screwed up (e.g. if you stop the EA, it won’t have trades at the new levels the market has reached and might find it impossible to close the whole thing at a profit, while if you didn’t stop it, it might have pulled it off).
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#15 written by George November 13, 2010 (1 year ago)
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#16 written by George November 25, 2010 (1 year ago)
So I went ahead last week and purchased Crescendo to get a better idea. What I found was a ‘smart-er grid’ vs. some other grids that I’ve seen before.
By default, it doesn’t hedge on a pair. In the URL listed above, it has no hedge trades.
By default, there is a setting to avoid the black swan days from blowing out an account.
The EA offers various trend settings to set open of the trading in the direction of the trend vs. an anchor setting of some grids and first buy / sell line hit marks the entry point.
The author does has good straight forward, non marketing stuff on the thought process and questions on the EA, both from recordings and in some PDFs on the member website.
Newest version of the EA just added various Martingale’s as an option to successive trades.
I’m going to let it run from Dec 1st to the 18th to see how it goes, but keeping the risk to only 1-2% of my account in trades.
Probably not going to go full throttle on risk until Mid Jan when good volatility and volume are back in the game. I would normaly say that Nov 15 to Jan 15 are not the sweet spots for trading anyway.
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#17 written by birt November 25, 2010 (1 year ago)
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#18 written by George November 26, 2010 (1 year ago)
Slow and steady with the grids. In some of the analysis I did from Feb to Nov 15 of his trades not found in myfxbook and MT4 backtesting:
~55% of the time took 2 trades or less to reach the target
~77% reached in 3 trades or less
~91% reached in 4 trades or less.Worst was 9 trades on the from Sep 17th until Nov 3rd when the BOJ was tweaking.
There was also an unknown loss trade on Nov 3rd on the GBPJPY that didn’t seem to make sense.
So trading with ~$15K USD with 0.1 lots I’m estimated 1-2% on average and in Feb I’ll go to 1.5 and proabably see 1-3%, still in my comfort zone with panic stop loss levels set.
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#19 written by Dennis November 22, 2010 (1 year ago)
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#21 written by George November 30, 2010 (1 year ago)
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#22 written by birt November 30, 2010 (1 year ago)
It shouldn’t have anything to do with the risk. The 2 SLs were hit with risk set to 1. There was a single trade taken with risk 3 (closed at breakeven, so it didn’t influence the test either way), after which I noticed and set it back to 1.
I’m guessing it was just bad luck that it hit the 2 SLs within such a short time, some people didn’t even get them. Nonetheless, I’m advising caution with it.
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#23 written by Dennis December 4, 2010 (1 year ago)
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#24 written by birt December 4, 2010 (1 year ago)
The demo forward test from TulipFX seems to be running with risk 5, just like I run it on my account. It was started on September 15th and it made some 12.35% before October 1st and a total of 31.81% before November 1st. This seems almost in line with their claims that it makes 20% per month, but I believe that to be the “top end”. I think the average is around 10% when using risk 5. Since this is a very pertinent question, I will run a detailed analysis and post it in my review this weekend.
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#25 written by birt December 4, 2010 (1 year ago)
So, after digging into it a bit, the average return of KangarooEA is 6.23% per month using risk 5, thus around 650 USD balance is needed to cover the subscription cost. Originally I came up with 6.11% but then I realized that my calculation shouldn’t have included the first period which wasn’t a complete month.
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#28 written by Dennis December 6, 2010 (1 year ago)
Hi, birt
have you test ea shark 6.0 yourself?
the backtest result is too good to be truth in my view.
what do you think about it?
http://www.forexeasystems.com/forex-expert-advisor-ea-shark/backtest-results-
#29 written by birt December 7, 2010 (1 year ago)
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#30 written by birt December 7, 2010 (1 year ago)
Actually, forget about that, no chance I would review such an EA. I looked into it a bit and I’m quoting a relevant post from stovedude on the II forum:
It has special code to avoid about 150 different trading days in the last 10 years (just for backtesting purposes of course). Obviously, it had some major problems on those days. We all know that more days like those are coming…
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#31 written by Dennis December 7, 2010 (1 year ago)
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#32 written by John February 1, 2011 (1 year ago)
Backtesting is not everything. Read better Donnaforex forum thread about EA Shark 6.0. There you can find live trading results of this system from many users.
http://www.donnaforex.com/forum/index.php?topic=2810.0-
#33 written by birt February 1, 2011 (1 year ago)
Of course backtesting is not everything. Why do you think I “attach” a live forward test to each EA I write about? If you hadn’t noticed, the page you posted your comment to is even called “Forward tests”.
Anyway, I’m sincerely glad that people are having positive results with it and I hope they will keep having similar results in the future. However, that doesn’t change the facts – if I don’t trust it, I won’t write about it. If you want to know to know more details about the reasons involved, please head to my no review list.
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#34 written by Dennis December 10, 2010 (1 year ago)
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#36 written by albatore December 22, 2010 (1 year ago)
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#37 written by birt December 31, 2010 (1 year ago)
It’s wise to do so, however I don’t do it because they’re meant to trade on their own, automatically.
If the authors intended the EAs to avoid trading during this period, they could have easily coded them to enforce this restriction, just like Kangaroo does.
These being said, I would definitely recommend stopping all EAs a few days before Christmas and restarting them after the new year, when the banks are open.
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#38 written by Dennis January 7, 2011 (1 year ago)
Hi, I made a support ticket to combo to suggest that they should add a news filter to the combo. I think it could reduce many loss trade, for example, today, the NFP day cost us another 70 pips stop loss. what do you think? birt.
if any other customer of combo agree my suggestion, please send a ticket to combo the request. thanks
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#42 written by albatore January 16, 2011 (1 year ago)
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#44 written by Dennis January 19, 2011 (1 year ago)
hi birt,
have you test the growth bot? their myfxbook page looks good (http://www.myfxbook.com/members/fxgrowthbot/forex-growth-bot/71611) -
#46 written by Dennis February 16, 2011 (11 months ago)
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#48 written by Dennis February 19, 2011 (11 months ago)
Birt, have you seen or heard of Forex Money Printer, found here: http://autoforexbody.com ? The vendor offers a free download that is good for two months on an unlimited number of demo and/or live accounts.
So, I downloaded it last Sunday and began demoing it on my ATC Brokers demo account. It makes a lot of trades and hold many of them open for a long time. It appears to hedge, too. Anyway, the first week of demo trading brought me over $1,200 profit in closed trades on a starting balance of about $4,600. The downside is that right now, it is in $1,463.18 drawdown (24.80%) with 11 trades held open over the weekend.
Nevertheless, with a closed profit of about $1,200 on a $4,600 account in one week of trading, this one piques my interest.
Could you kindly download it and review it?
Finally, thank you for this wonderful, unbiased review site! I just stumbled across it in Google search about an hour ago looking for reviews of the Eurclimber EA — another one that I am considering along with the Kangaroo EA.
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#49 written by birt February 19, 2011 (11 months ago)
I’ve just downloaded it and ran a backtest. It’s one of those “open and pray” EAs that trade without a stop loss. Within the first minute of the backtest, it had a 70% drawdown. It then proceeded to crash the account in less than 3 minutes, which is as long as it took to backtest 2 months starting from 1999.
My advice would be to turn it off immediately and manually close those trades while you still can, you’re only losing 250$ this way instead of the whole account.
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#52 written by Umberto February 23, 2011 (11 months ago)
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#53 written by birt February 23, 2011 (11 months ago)
Yes, I mean an EA that is trading an account in real time, but not necessarily with optimized parameters. In fact, in most cases they are using the default parameters. Each EA has its own account because it’s a lot easier to monitor its individual performance.
To accurately test each EA’s behavior in a live environment, all the forward tests here are using real accounts, where there can be slippage and requotes.
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#54 written by Kevin March 22, 2011 (10 months ago)
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#55 written by birt March 23, 2011 (10 months ago)
1. Euronis is an EA that I reviewed over one year ago. The forward test is not my account, it’s an account displayed by the author on the website. Since it’s ancient material, I decided not to open a live account for it, which is why it’s not here.
2. Because they offer good, hassle-free micro accounts.
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#56 written by Hyperdimension April 25, 2011 (9 months ago)
I strongly advise against using LiteForex. They were fine at first but after I was making large profits, every trade took more than 30 seconds to execute, after which I received requotes with prices that were far from the real market price and where the real market never even reached. It happened both when I was trying to open trades as well as close trades, and it happened ALL the time. Sometimes I would just keep going round in loops for maybe an hour: submit trade open request, wait for over 30s, receive a requote, reject the requote, and immediately repeat. If my execution was manual then it sure would have pissed off the dealer at the other end for wasting his or her time. On some rare occasions I got the price that I wanted (close to market price), but eventually I didn’t want to waste more time and accepted the requote price – but the problem did not stop there. After accepting the requote price, there was a delay again! So I had to keep submitting trade open requests and accepting their requote price a few more times until they were satisfied that I got a really bad price. LITEFOREX ARE SCUMBAGS AND I WILL NEVER TRADE THERE AGAIN.
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#57 written by birt April 30, 2011 (9 months ago)
I’m sorry to hear you had such problems. My personal experience with them has been very good and to be honest you’re the first one I hear having such complains about them. Sure, I mostly have micro accounts and a single floating spread account, but I’ve introduced several clients, none of which reported problems even when trading balances in excess of $10k.
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#58 written by Rafael March 29, 2011 (10 months ago)
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#59 written by birt March 29, 2011 (10 months ago)
No, I didn’t change it because I forgot, thanks for reminding me
However, since the DST shift is now in effect, the broker GMT offset is actually 3 (right now the broker time is 12 while the GMT time is 9) which should have been the same value as the AutoGMT offset would detect, so there was no harm done.
I tried enabling AutoGMT right now and it somehow detected GMT +2, which is not correct.
In the end, I went back to the manual setting of +3 and I’m going to leave it this way.
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#62 written by Murray March 31, 2011 (10 months ago)
This one looks interesting at first glance.
http://www.nexgen4x.com/index.html.
Lots of 90% backtests and a forward test.
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#64 written by Jak April 15, 2011 (9 months ago)
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#65 written by birt April 15, 2011 (9 months ago)
I’ve taken a peek at it a while ago and here’s what I had to say about it somewhere in the comments on the No Review List:
It looks like a rather dangerous grid trader. Given its backtesting limitations, I would be willing to bet it’s an account crasher.
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#66 written by Lance April 29, 2011 (9 months ago)
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#67 written by birt April 30, 2011 (9 months ago)
I already did a while ago. Search for “voodoo” on the No Review List.
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#68 written by David April 29, 2011 (9 months ago)
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#69 written by birt April 30, 2011 (9 months ago)
Each trader has different preferences. If you’re inclined to say that Kangaroo EA would be the first choice, then it’s probably the best for you. Anyway, before you make a decision and go ahead with the purchase, make sure you re-read the article and pay extra attention to all the things that could go wrong. In other words, no matter what EA you choose, hope for the best but at the same time be fully prepared for the worst.
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#70 written by Terence May 3, 2011 (9 months ago)
Dear Birt,
I have been researching online for a honest and reliable for sometime now, and I have come across with a Green Forex Bot, under this website: http://www.greenforexkit.com/
I have seen good forward test performance at other EA reviewing sites, but would be great if you could review it as I really like how you review each EA.
Many thanks
Terence
believe this particular EA may be the one.
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#71 written by birt May 3, 2011 (9 months ago)
As a rule of the thumb, if it says “Rita Lasker” anywhere near the product, it’s trash material. The green forex kit website has no backtest nor any forward test and after 15 mins of searching I only found some completely hopeless results. The Forex Peace Army refuses to forward test any of Rita Lasker’s products and that should be indication enough.
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#72 written by Terence May 4, 2011 (9 months ago)
It is true that none of the ‘Rita Lasker’ products made their way to Forex Peace Army (FPA). May be it is time to move on to the next EA.
Speaking of forward testing of EAs on FPA, I have spent sometime checking out each EA one by one on their list. It is hard to find a EA that works consistently over a reasonable timeframe, but anyway, I have found one which is somewhat expensive, but stable. Forward test results are found on both FPA and Fxbook. It is called Happy Forex. Not to be confused with Happy Forex system. The link to vendor’s website is as follows:
http://www.happyforex.sk/objednavka/The website is in Slowak, but I managed to get the page translated into English. This EA is not cheap, but if it provides steady income then the purchasing cost will be justified. It would be appreciated that you can take a good look into this, when you have some free time, Birt.
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#74 written by birt July 24, 2011 (6 months ago)
Although it’s been a while, I didn’t forget about this
Checked it out now and it seems to be a grid system without an apparent limit on its number of concurrent positions. Sure, it seems to be working fine in forward testing but there’s no telling how long this will go, even though the lot size of the positions it opens is constant.
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#75 written by walker May 5, 2011 (9 months ago)
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#77 written by jp May 11, 2011 (8 months ago)
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#79 written by GeorgeO May 19, 2011 (8 months ago)
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#80 written by birt May 21, 2011 (8 months ago)
Yeah, you are correct, they seem to share some roots. You’re not the first to notice this, there’s a somewhat larger discussion about it in the comments of the Wall Street Forex Robot article.
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#81 written by Eben du Toit June 14, 2011 (7 months ago)
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#83 written by Eben du Toit June 16, 2011 (7 months ago)
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#84 written by birt June 16, 2011 (7 months ago)
Take a look at the tick data page for more information.
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#85 written by mclane June 19, 2011 (7 months ago)
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#86 written by birt July 24, 2011 (6 months ago)
Despite it’s decent forward test results, it’s a grid EA that apparently has no limit to its number of concurrent trades, so I will stay away from it for the time being. Added it to the No Review List.
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#87 written by Eben du Toit June 22, 2011 (7 months ago)
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#89 written by Eben du Toit July 4, 2011 (7 months ago)
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#90 written by birt July 4, 2011 (7 months ago)
Head to its myfxbook page and click the general tab near the stats tab. It always says there whether it’s demo or live.
For accounts verified on myfxbook it’s easy, but in general live accounts will have:
- a deposit entry that has something other than simply “Deposit” in its description. For example, “DPST-MB3:XXXXXX” on FxOpen or “DPST-IT-….” on LiteForex.
- there are sometimes other settlement entries, such as monthly interest on balance, deposit bonuses etc. Demo accounts will never have these.
- occasionally you will see more than a single deposit and perhaps withdraws.
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#91 written by Eben du Toit July 16, 2011 (6 months ago)
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#93 written by Nick kas July 22, 2011 (6 months ago)
Hi birt can you review :
emalgo
http://emalgo.metaproforex.com
http://www.myfxbook.com/members/emalgo/emalgo-v14/137679&
EA-PROF V2
http://www.ea-prof.com
http://www.myfxbook.com/members/EMIT/ea-prof/121414-
#94 written by birt July 24, 2011 (6 months ago)
Emalgo doesn’t strike me as very interesting. I’ll wait a bit more to see how it does. When it comes to FX EMIT, I try to stay away from their products for reasons detailed on my No Review List. Anyway, the EA you mentioned has a drawdown of almost 50% and it looks quite dangerous to me.
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#95 written by Aspro August 6, 2011 (6 months ago)
Hi birt,
great service. What would happen if one tried to run Combo and WallSt on the same account? Would they interfere with each other? I had a number of robots running on the same account on a VPS and it hung the trading. Is there some way to get around this? Is the problem at the MT4/broker or is it a limitation of the resources of the VPS account? Is it possible to change the resource utilization somehow to prevent this?-
#96 written by GeorgeO August 6, 2011 (6 months ago)
They work fine…I’ve been doing it live for three months now.
Limitation in general starts with Magic numbers in the EAs, and the defaults are fine. If you have an EA with no magic number, and an EA that uses magic numbers, it becomes a problem.
If you are crippled by the US requirements, depending on your brokers, be aware of FIFO and hedging rules.
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#97 written by stan August 14, 2011 (5 months ago)
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#98 written by GeorgeO August 15, 2011 (5 months ago)
Stan,
I trade them with other EAs…so it would be hard to pick them out for monitoring links.
I don’t trade them 5/24, like on demos or this site. I only turn them on around 0600 GMT Monday and off Thursday around 21-2300 GMT.
I don’t trade all of combo, just sys1.
I’ve turned off all my EAs since 7/21 as combo / wallst are, by my compairson, not designed to work as good with all the whip-saw like EUR and GBP moves.
I’m just easing them back into the trading again as it seems things settling down, with lower risk (1-3% vs. 3-5%)
With 3-5% MM settings, I would see 7-12% a month trading the way I trade. Seeing what I’ve seen on this site and others, I think I was correct to take a break.
Always volitity in the currency markets, just want to avoid the extremes with these EAs as these EAs will trade sizeways.
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#99 written by birt October 29, 2011 (3 months ago)
In all likelihood, one of the EAs you were running was buggy and it was causing all the problems. To the best of my knowledge, neither Combo nor Wallstreet are having such problems and they can be safely run together. However, one thing you should be aware of is that they occasionally have similar entries, which might increase your exposure and consequently the risk.
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#100 written by nandron October 12, 2011 (3 months ago)
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#102 written by Alexander December 27, 2011 (1 month ago)
What about new system Forex Thor?
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#103 written by birt December 27, 2011 (1 month ago)
I’m going to stay away from Forex Thor until I see some live forward tests.
I would advise reading the myfxbook comments page – I incline to believe that it’s a slightly modified copy of Million Dollar Pips despite the “proof” that the vendor is posting there, which likely means just that Plimus couldn’t really ascertain the fact with certainty.
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When you say real accounts, do you mean you are risking your own cash?