Metatrader expert advisors dissected.
Interbank Trade Advisor live forward test
Trading style: breakout trading combined with inter-range trend scalping in the US session; automatic trading combined with manual, with a variety of fundamental factors taken into account.
Currency pairs: EURUSD
Timeframe: unspecified
EA price: $100/month
License: 1 account
NFA compliance: yes (with DualMode disabled)
Refund policy: 30 days
Read more at the Interbank Trade Advisor website
Buy Interbank Trade Advisor
Note: this is a signal service that works via a trade copier.
Birt’s forward test
Settings: default, fixed lot size 0.04
Started: 12.01.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Official account
Settings: default
Started: 25.05.2012
Broker: FXOpen
Account type: demo
This entry was posted by birt on January 21, 2012 at 11:35 AM, and is filed under Live Forward Tests. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by birt January 21, 2012 (1 year ago)
I sure hope that’s not the case. Time will tell.
In the meantime, I agree with you regarding trusting robots over signal services – you can backtest the former and get a decent idea of what might happen if shit hits the fan, so it’s much easier to build some confidence.
Nonetheless, I’m still going to add signal services that seem promising in the idea that the independent forward test that I am running will be much more relevant 1 year from now.
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#3 written by Novan January 21, 2012 (1 year ago)
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#4 written by birt January 21, 2012 (1 year ago)
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#5 written by jerome January 27, 2012 (1 year ago)
Hi all,
I’m using it. and I email frequently to the guy behind the signal.
A very professional one.
like any human, he is not perfect. but he respond quickly to our questions.
he predict the 1.32 price there is 2 weeks ago, but did not trade last night due to the movements on the market. at least it do some big good set of trades.by the way… a backtest didn’T reflect the future, so no matter you want to BT an EA, you can’t be sure it will works correctly…
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#6 written by Joe February 2, 2012 (1 year ago)
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#8 written by Joao Santos August 22, 2012 (10 months ago)
Birt, the “Official account” dated 28.11.2011 was replaced by new account with starting date 05.25.2012 because the first account had huge drawdown. I hope this new setup will continue profitable. We are now at the end of 3rd month. Early in January I lost money with this service, so now I am being extra careful.
Vendor’s first website was http://www.interbanktradeadvisor.com and now it is http://www.ibtafxauto.com
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#9 written by birt August 22, 2012 (10 months ago)
Thanks, I hadn’t noticed that. MT4i lets you change accounts as you wish. I replaced it with their myfxbook published account. It seems to be doing great after the change but the drawdown you mentioned can be clearly seen in the results of my account. Also, I suppose the fact that they are publishing demo account results instead of live doesn’t really help building confidence, either.
As for the new site, it looks to me like it’s the same product. The old site is still there and working.
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#10 written by jerome August 22, 2012 (10 months ago)
good point!!!
they change the myfxbook account.
I suffer the same issue as you with this service in feb / march..and when the site says “No cheesy videos, no static images of huge account gains over the last year, no useless backtests with large claims. The accounts on this page are what is happening with our trading performance in real-time. The accounts are receiving cloned trades directly from our primary account using IBT AUTO Expert Advisor for Metatrader 4.
”
its clear its not an EA, but a manual trading system.
they also offer the signal in zulutrade…
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#12 written by Joao Santos August 22, 2012 (10 months ago)
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#13 written by david August 29, 2012 (9 months ago)
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#14 written by david August 29, 2012 (9 months ago)
a bit more on this, forex verified has some more information,
“IBT Auto has a “sister strategy” called Interbank Trade Advisor that focuses mostly on the EURUSD and takes more aggressive entries.”
“Interbank Trade Advisor has a “sister strategy” called IBT Auto that diversifies risk with other currency pairs and takes more conservative entries.”
it appears they use the same trade style which explains why some of the EURUSD trades are similar. So my thinking is the original IBTA busted, and they started over with a new strategy , IBT auto. And then used the trade strat from IBT auto to replace the old EURUSD one in IBTA and keep it going.
also notice the system description birt has on his site here is different from interbanktradeadvisor.com . the text on their site must have changed.
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Wow, another genital invest.
I better trust 100% robots than people on the oter end of the world.