Sneed

On a positive note, I have no problem reaching the developers by email and getting responses within 24 hours or less.

Many other EA's just have a single sales page on the web, with no space or pages allocated for members to comment. The sellers for those sites are here today, and gone tomorrow. And email responses from those web sites are usually "canned" responses, if you get any responses at all.

This EA encourages a "community" atmosphere where members can go to their web site and comment or ask questions on various issues.

But, I also agree that maybe December may "not" be the best month to evaluate "any" EA, and I look forward to some testing in January and February. I-)

Yes, I lost money with both "fish" and "greenbot" (now being replaced by Quattro).

She claims she is making a profit with these, but I don't know how. I have tried them on multiple brokers. :(

Blah blah blah.... I paid for fish forex and I'm not about to hand over more cash for a fixed version. I wish I could even say I made the purchase price back but after a big loss it puts you in the negative. As for trade frequency, fish only places trade setups once a day 4 days of the week. That means you only have a possibility to win 80 pips (each pair of trades is 10 pip TP and 30 pip SL) if EVERY trade setup it makes hits and wins. But if any 1 trade loses, it opens a recovery trade at 3x the size and if that loses you have just lost months of wins. The R/R ratio is too out of wack and you really need to be careful of leaving this running during volatile times (ie big news).

 

I was trading it at .4 lot size with 3x recovery trade setting. When it lost the .4 lot trade it opened a 2 lot trade (5x when setting is 100% set at 3x) and hit the 100 pip SL to lose me $2000. So beware, the logic being used to determine recovery trade size is broken. I'm running a paid for copy of 1.64.

 

 

 

On another note, Rita also sells an EA called ForexGreenbot and I'm running an educated version of that and so far seems stable but it does have it's losses. Fortunately just 1 set of losses doesn't kill your account.

My understanding is that this robot has been replaced by the vendor due to poor performance. The new robot is called the "fisher" and has to be purchased separately even though you may have already paid for the "fish" robot previously. But, they do give a "discount" for people who have already purchased the "fish". The new robot does not trade as often, but I do not know if it is profitable...:|

any latest update for the fish forex robot ??

But, I also notice that the 1H chart in the video does not have the EA attached to it. So, maybe the video chart is not the one with the EA running, but just open for convenience while the speaker goes over the trading log. :-/

The manual says 1M TF. But, it may be a misprint if the video shows 1H. :-?

The manual says 1M TF. But, it may be a misprint if the video show 1H. :-?

Anyone know the timeframe this uses?

Thanks arthursyd. :)

Plimus links :-

 

https://www.plimus.com/jsp/buynow.jsp?contractId=2879432

https://www.plimus.com/jsp/buynow.jsp?contractId=2906614

Any updates? I visited the web site today about today's release, but no new information. :-?

i was worried that they only showed 2007-10 backtests. was talking to a friend and he said he thought it was curve fitted and wondered why they didnt have a 10 year test, so i emailed the developers and asked.

 

here's my reply.

 

 

 

http://img406.imageshack.us/img406/4110/audusd10yearnonewsnocom.gif

 

i hope someone shares it here so we can decide if it really is as good as presented or if its another EA full of bullshit which doesnt match up when properly tested.

2009-2010. I just closed my account with them a month ago. Even FXRevolution, which works on all my other brokers, did not do a single trade with FXCM, even after 3 months of waiting. But, if FXCM works well for you, then I agree that there is no need to change brokers. :)

does not sound good... When (year) do you trade with FXCM?

I've been there and done that. I had an account with them, and over 50% of my EAs would not place a single trade with them. I have accounts with 12 other brokers, (including other ECN brokers) but the FXCM platform had the worst performance in terms of being incompatible with EA trades. Then, when you are lucky to find an EA that actually "does" work on their platform, they charge you daily "synchronization" fees that can range from 5 cents to 87 dollars! Their explanation is that sometimes your EA will execute a trade on their platform, but then, "later" they find out that the trade "never" got executed on the "exit", even though your log sheet shows that you exited the trade with a profit. Because their bridge does not always communicate with their main server on a timely manner, many trades are "phantom" trades. They appear to have been executed with a "profit" on your log sheet, but they were later "modified" into a loss, "after the fact". I got tired of this nonsense, and closed my account with them. They have other platforms besides MT4, that work OK, but their MT4 platform is a "hit or miss" proposition. Boston Technologies has similar bridges with other brokers that work just fine, but for some reason, FXCM has "modified" the Boston Technology Bridge so that it is less reliable, than other brokers.:|

EA's won' t work in New MT4 Account

 

Since i have a new MT4 Account at FXCM powerd by Boston Technologies, no EA would work on real account. I've tried about 15 different EA's. The Broker said, it may be the choice between "instant execution" and "market execution" .

 

But there is a fee about USD 150 for Discussion with the programmers.

 

 

I've no idea about programming and no solution for this. Anybody support me plz?

That sounds good. Even though I had problems with ZuluTrade, some people have no problems with it, and even make a profit. As you say, there is no harm in us using some demo accounts with them. And you can also do a live account for your own trades since you will not be affected by any signal delays. And we can watch your progress. :)

Thank you for your advice. I have made some changes and hope the situation will not be so bad.

 

[1] SteadyWinner does not have to be a scalper.The backbone of the EA are the EMAs. Once they are there, it is difficult to lose. The rest is just a matter of how to handle the trades. For example, if we change the stoploss to 100 and takeprofit to 200, the EA is still winning. I do not do it just because I don't like drawdowns. In the pro version, there will be no more 0.01 trades. So, I have to rewrite the trading logic an Money Management. There are only two kinds of trades, 0.1 and 0.2. And the stoploss and takeprofit are both 50 pips. there are internal takeprofit and stoploss though.

 

[2] I have tried other services like RentaSignal, but also have difficulty in getting the trades closed. I know that many users of SW have small account. It does not make sense if they are asked to pay a subscription fee. Maybe we try the free service first. If some users want more reliable service, we can have another platform on which the signals are paid.

 

[3] I will opened the signals and let everyone see the records in early January. Users can try the signals on their demo accounts to see what happens first. At least there is no harm.

 

[4] If you have any suggestions, please leave a message here or write to me at [email protected]

 

Happy trading

Yes. I agree. That is how I discovered there was a problem in the first place. I would check the signal provider live statement, and he, for example would have "2" open trades, then I would check "my" account and find that there were "4" open trades. Then I would know that there is something wrong, and that I have 2 open trades that were already "closed" by the signal provider, and contact ZuluTrade and the Broker. But, when this happens when I am asleep, or away from my computer, then, "the deed is already done", and it is then too late to get my lost money back, all I can do is "manually" close the trade to avoid further loses. Fortunately, it would only happen 2 or 3 times in a month, but it was enough to take losses and shrink my account.

One of the causes of this problem, I discovered, is when the signal provider uses a broker that has "different" rules than your broker. So, for example, he may take a 2 pip profit, but my broker MT4 platform may not accept the trade because the TP was too close to the opening trade. Or that there may be a minimum TP pip spread of 3 or 4 to execute the trade. Or many other causes that are a result of "different" allowable trading policies (mixed lot size) between broker platforms. I only use brokers that ZuluTrade tells me to use, but it is no guarantee that the signal provider will use the same broker. Usually it is a secret what broker he is using. So, such "invalid trades", normally don't happen when opening a trade, but when closing a trade. So, in such cases ZuluTrade claims it is not their problem, and the broker claims that it is not his problem, because the trade was illegal according to platform rules.

My only solution was to find signal providers whose brokers have compatible trading rules with my brokers, and I am forced to learn that by trial an error. But, it would be better if ZuluTrade informs us which broker the Signal Provider uses, so that we can use the same broker when possible. To be sure, I no longer use Signal Providers that are "scalpers" with ZuluTrade, because the probability of problems is doubled due to possible signal delays, or illegal trades due to minimum TP requirements, or invalid lots. The "long term" trades tend to close with less loses with ZuluTrade, since the TP is higher and less of an issue if there is a delay in closing the trade, or manually closing a trade. :|

That's really ugly, and should be avoidable by checking and rechecking that the signal and the client trades are matching.

I have my calendar marked. I was a little sad that the release date was delayed twice. But, it also probably means they want to put out a good product. I have purchased too many EA's that were rushed to the market, and there were numerous errors in the EA, and Trading Manuals. Incorrect TFs listed, or the manual has "another" EA mentioned inside of it ;)). Or, worse yet, the EA wouldn't trade because there was some code missing. These developers seem to be conservative traders, and that's what I'm looking for this time. The million dollar profit EA's seem to lose a million dollars just as fast as they make it. I think this one will be different. [-O<

Hello

 

Only few days left. Kangaroo EA will be launch December 1

 

Please share! :)

Yes. I had similar results with them. They open trades but sometimes "forget" to close the trade. When I contact ZuluTrade about this, they tell me to contact the broker. When I contact the broker, they tell me to contact ZuluTrade. This has gone on for me for over a year. When I call ZuluTrade about this, they always say "This has never happened before". But, then when I tell them that I have personally put in written complaints with them for over a year on this single issue, they say that they are "sorry" to hear this. But, never fix the problem. I believe that the ZuluTrade concept is very good idea, but, their technical problems never seem to get fixed... And I blew my account over 5 times, because they allowed a winning trade to turn into a losing trade. Because the sell signal was not relayed to the broker, or because the broker ignored the signal. :(

steadywinner... check this................ http://stevetrade.wordpress.com/zulutrade/

 

Zulutrade is not reliable

I have not tried Forex Combo but it sounds interesting if it does that. Most of the EAs that I am referring to that hedge different time frames is by attaching them to more than one chart of the same currency pair. For example Pips Reserve has 3 EAs (3 exit strategies), that get attached to EURUSD. So the magic numbers on each is different to accomplish this. Another recent EA that does this is ForexQuattro, which is 4 EAs, 2 get attached to EURUSD, and the other 2 get attached to GBPUSD. The first EA is 15 TF, the second is 30 TF (EURUSD). Then the third one is back to 15 TF (GBPUSD), then 30 TF. So, each EA is not technically hedging, since they place one trade. But, the brokerage might interpret the multiple orders as hedging, if some are buying and some are selling. Also, these robots would not work well on FIFO regulated accounts.

If MagicStick still has not been cracked, then that is another reason the Kangaroo developers may be interested in trying this licensing system out. I have no doubt that the developers visit forums like ours, and consider what features future customers would like to see. So, I am trying to be optimistic that newer versions of Kangaroo may have the updated licensing protection method.

;)I am told that Costa Rica has a good health care system, and many Americans travel there for treatment, rather than flying all the way to India all the time. India has good prices, (especially for people without medical insurance) and good doctors, but the trip is very long.

Your comment about a scalp inside a longer term position is exactly what Forex Combo does but most grid style traders that I have seen don't try to take advantage of 2 or more trading systems. Thankfully I'm in Costa Rica so I can pick and choose my brokers.

 

MagickStick is another EA that licenses the machine, not the code. To my knowledge, it hasn't been cracked and it has been out for some time.

Yes, I saw that part. But, my understanding is that 95% of secure EA's use this old method because the source code is more available. I get the impression that the developers would consider other methods of license security if people request it. The source code for the newer license protection which allows for a single computer instead of a single broker is more difficult to get. I know that Crescendo uses this newer code, yet, for example the Fapturbo People, and BulletProof, still use the older method. I will see if I can find some other EAs that use this newer code, and offer to send it to the developers. In the long run, this newer code will be better for business, and may even be more secure than the old code.

A lot of my EA's use Hedging, that is why I try to find a few brokers that service USA customers, even "after" the new rules came out last month. For example, ForexOpen, and ForexLite and Tadawul, still accept USA customers and allow Hedging. They also allow the old Higher 100 to 1 margins.

Many times an EA can be trading short term and long term at the same time. So, for example, in the short term, a scalp can be achieved when the currency pair goes up, just before going into a downward trend. Using this method, it is possible for both opposing trades to make a profit, providing that the TP is not so great that the reversal happens before the trade closes. If that happens, then, the trades may cancel each other out, and, as you suggest, it is difficult to make a profit.

I am anxious to forward test this EA since back testing does not always work well for me as a "final" indicator of the value of an EA. In terms of risk, I see no problem with just starting with micro-lots, and see how things go from there. :-$

Well its BAD NEWS for us with multiple accounts on the same VPS. Here is their policy from their FAQ page:

 

"Each EA will allow you to use it on one demo account and one live account. You can always change accounts by re-authenticating the EA for a different account number. If you wish to change your demo or live account number for your Expert Advisor, please click here. Note that when you change account numbers, the EA will stop working on the old account number."

 

That is more restrictive than most other EAs that I have recently seen and there is no mention of discounts for second or third accounts but after reading their draconian refund policy I wouldn't expect much.

 

I also see that this EA can hedge. Here is a quote from the reader comments on the FAQ page:

 

"Kangaroo utilizes a complicated money management system which at times may have both long and short positions open. Although Kangaroo is not designed as a hedging EA, this might occur from time to time when certain market situations arise."

 

I wish developers of EAs would stop and do the math before they release hedging EAs. If the EA intends to close all open positions at the same time then hedging makes no economic sense, NEVER! The customer ends up paying extra spread, commission and swap (or receives less swap) when a position is hedged. All a hedge does is freeze the existing profit or loss until the hedge is closed and often decreases available margin. The ONLY purpose a hedge serves is emotional and or deceitful. Emotional in that it is not admitting that there are losses and deceitful as it is a favorite tactic to hide the Martingale or progressive risk aspect of certain grid trading strategies. I don't know what strategy Kangaroo will use but the NFA had it at least partly correct about their no hedging rules.

 

They also state:

 

"We are considering to release a NFA compliant version as well, but this version will be less profitable as the original design.""

 

If they don't use a basket of trading strategies like Forex Combo then I will be very interested in their mathematical proof for that statement. If the EA is written correctly and closes all trades at the same time then being NFA compliant will actually be more profitable. But then they wouldn't be able to claim that the worst outcome for any given day is no profit as there definitely will be loss trades as positions are closed. Here is the quote from their Kangaroo White Paper:

 

"The test reveals that the worst trading day in a whole year is most likely to have loss/profit of $0."

 

and

 

"If the KangarooEA performs to expectations the modelling (sp) shows the worst day is simply one which does not

trade."

 

That makes this sound like a "No Loss" EA but maybe I just need to be educated on the finer points of Monte-Carlo simulation.

A welcome trend with a lot of the new EAs is that instead of a license being restricted to just 1 "broker" account, they are restricted to just 1 "computer". So, the security protects from sharing, but "not" from using on different accounts, that are by the same owner, on the same computer or VPS. I hope this new trend in licensing will continue with this EA.[-O<

I hope there will be a discount for multiple licenses. I have a lot of brokers to test it on.

I decided to answer my own question by selecting "order now". And it took me to the message that ryan-isra listed above. Well, at least I tried... :)

It says "order now". Does that mean we can get it today instead of waiting until the end of the month? Or is it just a "deposit" on a copy?

Also, bonus not sent out until "after" 60 days (when refund option expires). 8-)

I am not sure that anybody has bought it!! Just had an e-mail that offers a bonus to the first 10 etc!!!

It says "order now". Does that mean we can get it today instead of waiting until the end of the month? Or is it just a "deposit" on a copy?

I see there is now a White Paper and myfxbook link up on TulipFX about the KangarooEA.

 

Looks very promising.

 

http://tulipfx.com/expert-advisor/kangaroo-ea/

Is it still being released today?

KANGAROO EA WILL BE LAUNCHED ON NOVEMBER 10, 2010

 

huhu, an early x-mas gift... ;-)

Most of the loses were over the past few days. I notice that many of my EA's also lost money over the past few days due to some unusual spikes in the charts that activated several stop losses. I lost more money in the last few days than I did over the past few weeks. I guess the $30 monthly fee will include weekly or monthly optimization to keep up with changing markets. :-?

Check out their performance on myfxbook. Not good.

 

http://www.myfxbook.com/members/TulipFX

Yes. Thanks. I should visit their web site again and read the details. I signed up for notification on their web site for updates on the release, but, did not visit since then to review its features.

I hope there will be a discount for multiple licenses. I have a lot of brokers to test it on.

here you can read that they allow it

 

* runs 24/7 automatically, no intervention needed

* runs on all Metatrader4 platforms

* runs on all MT4 brokers, Dealing Desk, STP, ECN

* will automatically detect and adjust for 4- or 5 digit brokers

* proprietary trading technology

* contains our highly praised “PNA” algorithm*

* its algorithm is designed to trade with the trend; should strong trend reversals occur, the KangarooEA will quickly change direction of trades

* one-click install, get setup in less than 10 minutes

* 60 day money-back guarantee

That's good to know. Over 70% of the robots I have tried do not work well on ECN.

Thanks.

They say it does work on ECN

I'm ready to try it now. I hope it works on ECN. 8-)

Looks like it will be a good EA.

You shouldn't have had to hold down the page key for 10 minutes. When you turn off the auto-scroll and chart shift key, and you scroll back to May or June of 2010, that should be far enough. Then when you take your finger off the "page" key, the chart should remain at May or June, and not bounce back to October. Once you are at May 2010, and have your finger off all the keys, it should only take between 10 to 20 seconds for the chart history to be "accepted". Assuming you have the latest version of the EA or at least version 1.26. Also, if you don't have the smiley face, the bars history will not load. Some of the earlier versions of the EA did not authenticate well.

On one of my MT4 platforms, the server was changed recently, and the chart history only goes back to August 2010. As a result, the charts don't load because there is not enough data. So, pip poacher cannot be used with that broker unless I manually download some more bars that go back to at least May or June of 2010.

need help on xpa:

1. installed it

2. entered serial

3. selected 30min chart and the xpa template.

so far so good, here is the problem:

It says:

"Not enough Bars in chart History - Turn off auto-scroll and hold down pageup key until xpa text appears"

But holding the pageup key isn't helpful. even holding it for 10 min! I tried to change the bars in chart, and so on, but it didn't help. Any Idea what could be wrong?