OddBot live forward test
This forward test has been discontinued on 30.10.2012 due to the vendor cheating all the affiliates. In retrospect, I should have stopped it as soon as I found out it was using stolen code – once a thief, always a thief. Oh well, you know what they say: hindsight is always 20/20.
This entry was posted by birt on November 1, 2011 at 9:03 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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#4 written by Caal November 15, 2011 (1 year ago)
This is WSFR with a newsfeed, I’ve got Oddbot’s source and it’s 90% the same. I’m also running both ea’s side by side and the entry points are exactly the same. The MM function has been adjusted slightly and a few external parameters were added (magic n, filter, etc).
Don’t support Oddbot, they’re thieves.
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#5 written by rita November 15, 2011 (1 year ago)
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#7 written by Brian November 15, 2011 (1 year ago)
Thanks Birt for this great review site.
I have been trading Oddbot for some 6 months now..
Yes sometimes oddbot open trades on same bar as many other experts.but this is not un-usual for scalpers.The difference is in the closing logic.Oddbot closes trades differently to any other scalper,WSFR included.This is self evident from your live results page and other review sites.Some critics probably other ea vendors make me laugh to suggest any simularity.
The fact is both make money..oddbot the better performer.
Anyone reading these comments should look at the results of both experts
to see the clear difference.
As for above critics..full of Sh*t.
Simple solution ,dont buy it.
stop moaning about it and get a life.
Well done oddbot and i hope you continue to make many pips.
The results are amazing. -
#10 written by Bruce November 20, 2011 (1 year ago)
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#11 written by birt November 20, 2011 (1 year ago)
…news filter that is even disabled by default, I might add. Had I known this was the case before adding it, I would have steered clear. Now that it’s posted, I’m not going to take it down. Plus, the whole copy thing is here for everyone to see and judge for themselves.
The EA seems to have a somewhat different exit strategy than the one used by WSFR and the fact remains that many people simply disregard the ancestry of an EA and just consider the performance results. Anyway, I’m going to add a note about this issue next week and also post some backtests.
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#13 written by Francis November 26, 2011 (1 year ago)
birt:
…news filter that is even disabled by default, I might add. Had I known this was the case before adding it, I would have steered clear. Now that it’s posted, I’m not going to take it down. Plus, the whole copy thing is here for everyone to see and judge for themselves.The EA seems to have a somewhat different exit strategy than the one used by WSFR and the fact remains that many people simply disregard the ancestry of an EA and just consider the performance results. Anyway, I’m going to add a note about this issue next week and also post some backtests.Agree, the exit is totally different and the testing that is going on here and at other sites clearly show OddBot Kicking Wall Street ass!!
All that counts is the bottom line the proof. Let me add this is not “hearsay” its in Black and White and easy to see by the results, those people just crying about this being a copy , how in the world do you even know if Wall Street is not a copy of some simple manual trading idea? The only thing that should concern ANYONE is the performance and cost, or have we reached a state of stupidity were common sense does not apply?
Let me ask everyone did Ford not come up with the first car? and everyone else just made improvements? and along came Toyota and took over the US markets, bet each of you drive a Ford right? some of you need to grow up and face the real world.
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#14 written by GEOakes November 26, 2011 (1 year ago)
What is interesting is that I’ve e-mailed both WallSt and Combo about adding a news filter…both didn’t want to.
Sometime ago when I was compairing WallSt, Combo, and Windfall, there were some similar opens, and everyone was complaining about those being copies.
I just want my car to work under all conditions…look at how the Korean car makers are gaining ground…copying Toyota.
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#15 written by Francis November 26, 2011 (1 year ago)
GEOakes
That is my point “I just want my car to work under all conditions” .
Let the performance seen in Black and White with its track record speak for itself. the bottom line is ALL THE COUNTS, and if one EA maker is stupid enough to let another “eat their lunch’ then the market will like always buy the winner.
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#16 written by DaveW November 28, 2011 (1 year ago)
Interesting article that I hope you don’t mind me linking to Birt re. the cloning or not of WSFR – thought it might be useful;
http://www.mellyforex.com/reviews/item/2011-07/forex-windfall-morpheus-oddbot-and-wall-street-forex—expert-advisor-comparison -
#18 written by Pierre December 5, 2011 (1 year ago)
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#20 written by Francis December 5, 2011 (1 year ago)
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#23 written by DaveW December 8, 2011 (1 year ago)
I want to buy this ea but I have asked for a demo version and have had no response after 2 emails. Can anyone tell me if I need much interaction with the developer to get this up and running as the lack of response bothers me a bit?
If morpheus fx above is the developer – perhaps you can answer? I guess you may have been a little snowed under after Birt posted this forward test?
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#27 written by Aspro December 22, 2011 (1 year ago)
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#29 written by ezil December 23, 2011 (1 year ago)
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#31 written by Stijn January 1, 2012 (1 year ago)
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#33 written by Stijn January 1, 2012 (1 year ago)
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#36 written by David January 5, 2012 (1 year ago)
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#37 written by birt January 5, 2012 (1 year ago)
It should be working with any broker as long as the following conditions are met:
- The spreads for EURUSD and GBPUSD are decent.
- You’re not using one of those MM brokers that engages in stop hunting and gives you excessive slippage.
The problem with FXDD is the exceedingly high spreads. While the EA might work on EURUSD, the GBPUSD spread typically exceeds the maximum of 4 pips that the EA will trade with. If you take a look at some spread charts, you will notice FXDD is almost always at the bottom. I would advise looking for a different broker if you intend to trade scalpers such as this one. If you live in the US, take a look at Oanda, they have MT4 nowadays.
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#38 written by David January 6, 2012 (1 year ago)
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#39 written by birt January 6, 2012 (1 year ago)
Any broker will do as long as it meets the conditions I mentioned above. Seeing that you live in Asia, I believe you can sign up with pretty much any broker you want unless you’re in one of the blacklisted countries. Just do your own due diligence, find the brokers suitable to your criteria (deposit size, method, spreads, execution etc.) and then do some research on some broker sites like DaveW mentioned and pick one.
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#40 written by DaveW January 6, 2012 (1 year ago)
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#41 written by Joey January 7, 2012 (1 year ago)
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#43 written by Aspro January 11, 2012 (1 year ago)
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#47 written by dalec January 16, 2012 (1 year ago)
Hi, was anyone able to get the demo version from morpheus? I have sent a few emails over the last 3 weeks, and have had no reply. Doesnt leave a good impression! Just wondering if im going into thier junk mail, or if any one else has had problems….
Thanks guys. Birt – keep up the great work mate. Fantastic site. -
#49 written by Lee January 20, 2012 (1 year ago)
Sorry but the results advertised by birt are totally different to what you get live. I’m running oddbot live on gomarkets and it loses consistently.
I therefore conclude that privatefx is actually the mt4 software server that brokers use, meaning that birt has gone in and changed the historic trades manually to produce better results.
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#50 written by birt January 20, 2012 (1 year ago)
Sorry but I actually laughed out loud when reading that. And I’m doing that for all other EAs on my website, right? And taking care that the automatic myfxbook update that occurs at every 30 minutes does not “catch” the trades before they are modified? Also, in the past ~10 days there were 4 trades that closed at over -20 pips – what’s your theory about these, did I forget to modify them?
Anyway, care to post your results on a statement publishing site? I’m really curious to see how different they are.
Finally, are you aware that most EAs will exhibit differences when running on different brokers?
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#52 written by David January 20, 2012 (1 year ago)
I just installed this EA to thinkforex live account that vendor recommended yesterday. The result is worse than Birt’s Privatefx account shown. However I accept different EA act differently on different brokers. I will monitor closely and if still going on worse, will consider to shift this EA to Privatefx broker. Pls advise pls, Birt…
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#53 written by birt January 20, 2012 (1 year ago)
I’m afraid you cannot move to PrivateFX as it is a private brokerage reserved for eareview.net forward testing and it does not accept clients.
However, any decent ECN account should yield similar performance to mine (by the way, the Thinkforex regular account is not ECN, it’s MM). If you have very different entries & exits then it might be something weird and you should compare against other Oddbot accounts on myfxbook and if you notice similar discrepancies, you should contact the vendor.
Anyway, I’ve just taken a look at my Oddbot forward test and noticed some trades opened at weird hours, such as 3:34 instead of 3:30 as it would’ve been normal. Since the EA only opens at the start of a 15 min bar, I assume there were some connectivity issues between my SWVPS instance and PrivateFX, I will have to look into the details.
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#55 written by David January 20, 2012 (1 year ago)
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#56 written by birt January 20, 2012 (1 year ago)
If you have a Pro account (the one where you pay commissions for each trade), then it’s almost ECN, yes. Otherwise, I’m pretty sure it isn’t.
As for finding accounts with Oddbot, I don’t know if you’ll be able to find exactly a Thinkforex account, but try searching for Oddbot on myfxbook and other Forex reporting sites.
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#57 written by David January 24, 2012 (1 year ago)
I think, the best in future is to refer to your Live results of EAs with other brokers excpet Privatefx account coz we, all users can not get such broker and data feeds.
I mistakened and bought this Oddbot EA after i saw ur result and thought Privatefx was one of normal brokers we could open an account with.-
#58 written by birt January 24, 2012 (1 year ago)
Did you buy it via my affiliate link?
As for the different results, that always happens from a broker to another. Did you compare your account with other accounts publicly available on myfxbook? How did it compare to those? Do you have a MT4 Pro account or a regular MT4 account with ThinkForex? Care to post the results of your trading so that we can also see the difference?
Like I said in a post above, FXOpen for instance should have better execution than PrivateFX and a similar feed so it’s not like PrivateFX is the god of brokers, it’s actually more like an ECN with poor execution. You should be able to get results similar to mine (similar, not identical) on pretty much any ECN brokerage assuming they are really ECN.
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#59 written by David January 25, 2012 (1 year ago)
I remember i went to oddbot website via ur link but not sure i bought it via ur link or not.
The thinkforex broker is vendor’s most recommanded broker. I already checked again and again with thinkforex in regard to my account type. Answered that my account is a Standard account and also, ECN type. I have no time presently and will try to post results on myfxbook.com.
I’ve checked in myfxbook.com but can not find any oddbot result with thinkforex.-
#60 written by birt January 25, 2012 (1 year ago)
If you are not paying commission, then it’s definitely not an ECN account, no matter what the broker support personnel tells you.
When I asked if you compared your results against other statements posted on myfxbook, I didn’t mean necessarily Thinkforex. You mentioned you are getting different results – does the difference become apparent when comparing to the trades on my account or is it the same when comparing with any other account? More so, you said your results are worse but you provided no details at all – are you getting slippage with your entries or exits? Are you getting completely different trades? What is the actual difference between your results and other results?
As for buying through my affiliate link, the reason I was asking is that the vendor’s affiliate interface reports no copies of Oddbot have been sold through me as an affiliate. Did anyone else purchase Oddbot after visiting the Morpheus site via my affiliate link?
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#61 written by DaveW January 25, 2012 (1 year ago)
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#63 written by DaveW January 26, 2012 (1 year ago)
I might have to try moving brokers actually – you are continually getting better trades than me now on your account – not just better trades but more trades. For example I had 2 trades at similar times to you birt in the early hours but only managed 8 pips in total versus your 24 and didn’t get any trades at all after that where you made another 1.5%. Pretty big difference.
Getting fed up with Pepperstone and suspect the issue is broker related. Such a pain to change brokers though but enough is enough.
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#64 written by birt January 27, 2012 (1 year ago)
I suggest keeping your Pepperstone account and moving only a part of the capital. From what I heard, Pepperstone is a rather decent brokerage (I’m not affiliated with them in any way). It’s somewhat normal to get different trades on different brokerages and I suspect it’ll even out in the end – you probably also have trades that I don’t have.
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#66 written by Douglas January 27, 2012 (1 year ago)
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#67 written by birt January 27, 2012 (1 year ago)
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#69 written by Ken January 27, 2012 (1 year ago)
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#70 written by birt January 27, 2012 (1 year ago)
I’ve just checked other Oddbot accounts on myfxbook and on some other brokers (RoboForex, FXCC) the trade was closed in profit. I’ve also seen the 35 pip loss on other brokers, though: HotForex, even Pepperstone where DaveW didn’t experience it. I guess it simply depends on your broker’s price feed.
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#71 written by DaveW January 27, 2012 (1 year ago)
I am having issue with them anyway Ken – repeated disconnects so I am looking to move regardless.
Strangely I didn’t get the EU loss today – I had one yesterday that opened at 17:30 GMT that closed for 1 pip profit. It does seem odd that there are such wide variations of trades taken and entry points across brokers for an EA that doesn’t take a lot of trades.
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#72 written by DaveW January 27, 2012 (1 year ago)
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This bot seems to be a crack of wsfr. I hate all this scam in the forex industry.
Great site Birt, thank you very much. I saved a lot of money because of your reviews and forward tests.