fxknight

check out these Forward test results:

these Results are FX-Persia managed accounts:

http://www.4shared.com/file/vlgRiiz9/Forwardtest.html

I hope Kardel keeps an eye on this individual who shows his forward demo without sharing the EA. Why show your forward demo if you have no intention of sharing? Why are you here anyway? Do you think we are all dummies falling for some marketing tricks after all we see here is scam after scam?

sorry for my english-is with prompt translator

 

hello dear hanumanth,

 

thank you. however. i am already 20 years on the market and knows a lot me.

 

I have substantially more trades with other ea than with this. with many other here in forum he also does not work and then it is for me badly ea!

dont work-no trades!!

 

this ea hardly acts, is changed and it is worth other to hope. above all timewise not.

best regards

Read post #392 again and again until you understand the settings that need to be changed to make it trade often.

please share formosa,

best

ramliam

Some comments. Any EA trading AUDNZD, AUDCAD you have to be very wary of. Why? Because they are coded in the hopes that the pair will trade within a tighter range. Also so much lower liquidity on these pairs giving the broker a chance to rip you off with excessive spreads and slippage. These EAs are not designed to handle even small trends and when it encounters them they blow up. Second the EA has a parameter called "Factor" which MAY be the increasing lot factor using Martingdale/LaBouchere scheme.

Third, the drawdown of ~25% tells everyone pretty much to steer away from this EA altogether. Any EA with a draw in backtest of more than 7-8% is total crap and very risky. These EAs need to have better risk control functions updated in order to stand a chance to be used on real accounts.

Cheers

URL: http://www.multiupload.com/P7Y47EXWOY

Remember I don't endorse this EA. Use only for entertainment purpose ;)

Cheers

Thanks TopGun!!

 

here is the results with your settings

 

http://micutzu.mt4live.com

Recommendation: You guys may want to change the tf setting to H1 and tf_zp to M15. Also pips_filter <= 50.0 will give you more trades. Conditions = 2 is very good to use.

Good luck

Wow!! I am never in lack of amazement to see what people come up with in the world of EAs. Without commenting too much, the stats on his live demo tell the whole story. 79 losing trades in a row.. way too many trades open at a time which results in excessive risk.. question to ask: how many times can this guy duck and avoid the incoming bullet? He seems good so far right?

Cheers

Hello,

This EA is way too optimized and not worth to spend any time on. All you need to do to prove this to yourself is to load 2 .set files for 2 different pairs in an editor side by side and compare the different settings. Another giveaway is that if you run it prior to 2010, no matter what .set you use it performs poorly which means it is optimized for 2010. At least it costs only 38$ and it does not have so much deceptive marketing as most commercial EAs. However if you decide to place it on a real account it can burn a hole into your account much higher than 38$ so be careful. Optimized EAs are worse than gambling. At least with gambling you can have fun while losing.. with optimized EAs you lose without having fun!!

Cheers

I don't understand well this EA but I know that I'm running 8.2 since a couple of weeks with default settings and I had some trades, initially when trades are opened went to negative but then after some time they made profits and I closed manually them. i don't know if I was lucky but now it's just I think 3 or 4 times that this ea opened trades and finally all in profits.

Alpari demo accounts, start date 05.31.2010 - end date 06.15.2010:

Total Trades: 40

Total Pips: 1306.0

Total Profit: €112.05 (0.01 fixed lots for each pair)

 

go to live .... ??? ;-)

Please don't. You need to test it at least 3 months in a mode you are comfortable before you think about turning it live. Unless you can do micro lots, but even then this EA has potential to create lots of damage when the market goes against it.

Good luck!

You can also manually backtest this indicator if you wish, which I recommend as good practice. Run a backtest of an EA that does nothing basically. Choose the H1 timeframe and check "Visual Mode". Press Start and the visual test will begin. Now press Pause and the chart will stop updating. Next place the Forex Executive indicator on the chart and click Resume. From now on you should get signals as the chart updates and you can verify the accuracy of the indicator by writing your trades down.

Cheers

ok ....

now i have been running 8.3 for quite some time and with different combinations and it not made a single trade on 7 of the instances i have been running on ....

 

now for me ... 8.3 is a complete thumbs down ... when it is expected to make only 2-5 trades a month ..... theres high probability that we might end up loosing time and money coz,It requires high probability of everything going your way. The things that might not favour you are:

1. Internet connection needs to be prompt at all times 24x7 , any drop might lead this EA to recalculate everything
   
2. Broker slippages
   
3. Computer might get hang and when you restart, EA recalculates from begining, that mean all the time spent goes in vain
   

 

for me it requires great deal of patience, luck and probability to get a account in profit (justified), after spending a month on it.

 

what you feel

You are right.. and you can spend another 6 months with v 8.3 with no orders! This is how it is coded to be very diligent and selective with its entries. This statement of course refers to "conditions" = 0. In order to make version 8.3 trade often I recommend the following.

1. Decrease the value for the "pips_filter" setting to 50.0.

2. Change the value of the parameter "conditions" to 1 through 5. The higher the number the more trades you will get.

3. Make sure the selection under "Basket" is equal or smaller than 10. The less pairs in the basket the more trades.

4. Change your time periods to lower timeframes. The main setting is "tf" which you can change from D1, H4 to H1, M30, M15. Also you will need to change "zp_tf" to a timeframe smaller than "tf". For example if you make "tf" = 30 make "zp_tf" = 5

5. Lastly but most importantly adjust your DTO indicator parameters to make it react faster. Look for these settings "rsi_per, K, D, S". Change the settings to 13, 5, 2, 5 in exact order.

Save your preset file and restart your platform with the new settings. Now, you will get tons and tons of trades ;)

Cheers

Few issues with this by looking at the reports they show on their website. When a developer shows individual month reports it becomes very suspicious that something has been messed around with. Why not show at least several continuous years? Looking at the 30%+ draws month after month.. could you stomach that when starting to trade this EA on your account? I venture to say that all the red circling, underlying they have on those reports make for a good marketing strategy good for the seller not the buyer.

Cheers

They show version 2.6 as the latest for this EA. One word of caution. There are no forward test results. The developer's links to the forward tests are all dead.. nevertheless this is a big red flag. Also he offers 15 days demos for $15 for all of his EAs.

Cheers

http://www.safedroid.com/

Look at the stats of the report. A -65% drawdown is totally unacceptable.. they call this "Safe" for a reason!

Cheers

The increase of the lot size placed along with the same timestamp on exit of multiple orders should make one very nervous to say the least.. chances are it is martingdale and doomed to blow accounts in time when the condition becomes "ripe".

cheers

Hi,

I have received some information about this new EA which is supposedly being sold "private". Here is the offer from the developer translated from russian):

"I bring to your attention the adviser-scalper on EURUSD. The adviser works round the clock 5 days in a week. For an input and an output in the market uses 6 indicators (MACD, RSI, MA …..). The Net profit from the initial deposit of $1000 for the period with 03.2010 on 06.2010 made $10548, maximal drawdown 6%.

RESULTS OF TESTING CAN BE DOWNLOADED FROM HERE: http://slil.ru/29320618

The adviser uses fixed StopLoss and works on timeframe Н1.

Recommended initial lot for the deposit from $100 - 0.01 lots;

For the deposit of $1000 - 0.10 lots.

Recommended Broker EXNESS https://www.exness.com/a/2115

Cost of the adviser 170 $.

For the extended information address on the given e-mail address: [email protected]

Or ICQ: 552874185"

Has anybody seen it out there yet? Perhaps we can test it and share results..

Cheers

hey fxknight, something new in the russian expert forums? i can't found any posts about magic champ 2.

 

greetz, derox

Nothing yet.. just checked the forums. They are still working on it and as soon as it is posted I will bring it here. Sometimes it takes longer just as it did with the CashDNA to be hacked if the protection is decent. It took several weeks.

Cheers

I'd like to add a very important fact to what was already said. What is hard to realize is that Metatrader4 is a very limiting platform and often it is the obstacle stading between failure and success. Yes, it is free and does what most traders expect it to do. However, by design it executes the EA only when an incoming tick is received which is very limiting. In essence the program controls when you can make your calculations and enter/exit your trades. It is the analog of the police controlling your gas pedal in the car you drive. They can let you accelerate somewhat to move from lane to lane but only under their full control. Hopefully MT5 does away with this limitation and until then it seems that we have a steep climb ahead.

Cheers

Why do you not share with us pingo?, a lot of people can't afford this ea because the 990€ licence...they will be very grateful to you and you will receive many thanks for sharing it! ;-)

Why do you think he will not share? He is here to promote sales not to give it away for free ;)

To perhaps support my point of view on this EA lets do some forensics on the live trades that the developer posts. Here is the most recent batch on the EURUSD:

06.07.2010 08:15 06.07.2010 08:36 EURUSD Sell 0.30 1.19307 0.00000 1.19285 1.19169 11.6 29.20

06.07.2010 08:15 06.07.2010 08:35 EURUSD Sell 0.50 1.19326 0.00000 1.19285 1.19189 9.6 40.27

06.07.2010 08:15 06.07.2010 08:28 EURUSD Sell 1.90 1.19558 0.00000 1.19285 1.19213 7.2 114.75

This is how this EA works.. he places a batch of trades as the above one. When his dollar profit reaches +1.8% then he closes the basket. When he loses 3.8% he closes the basket. If you add the dollar amounts above (29+40+115=184) and divive by the account value at the time $10150 this gives us exactly 1.8%. Here is a losing trade:

06.01.2010 01:40 06.01.2010 03:00 GBPUSD Buy 2.00 1.45046 0.00000 1.45288 1.45046 -24.2 -394.44

If you take -$394 and divide by $10150 this gives us exactly 3.8% which is his loss amount to exit.

Why is this not a great concept afterall? Well simply because if you have many -3.8% losers in a row and at +1.8% win on every batch of trades it takes 2 wins to come back for every loss. Adding the brokers costs and market incidentals (slippage etc) it costs even more to come back. And losses are there for sure, like here:

05.27.2010 04:30 05.27.2010 04:41 EURUSD Sell 0.20 1.22203 0.00000 1.22174 1.22060 11.4 18.68 from #10326897

05.27.2010 04:30 05.27.2010 04:40 EURUSD Sell 0.50 1.22222 0.00000 1.22174 1.22080 9.4 38.50 to #10326898

05.27.2010 04:30 05.27.2010 04:40 EURUSD Sell 1.80 1.22453 0.00000 1.22174 1.22092 8.2 120.89 to #10326897

05.27.2010 03:15 05.27.2010 04:29 EURUSD Sell 2.60 1.22195 0.00000 1.21895 1.22195 -30.0 -638.32

and here:

05.21.2010 10:15 05.21.2010 10:47 EURUSD Buy 1.80 1.24840 0.00000 1.25264 1.24840 -42.4 -611.34 LONG @ MAGIC CHAMP[sl]

05.21.2010 09:40 05.21.2010 09:42 EURUSD Buy 0.20 1.25497 0.00000 1.25549 1.25663 11.4 18.14 from #10246844

05.21.2010 09:40 05.21.2010 09:41 EURUSD Buy 0.50 1.25473 0.00000 1.25549 1.25640 9.1 36.21

Ouch!

Cheers

ill disagree, from what ive seen it has well defined risk and uses two same entries with different exit points. youre just a grumpy old man fxknight ;)

Time will tell my friend.. I wish I will be wrong!

Cheers

Pingo == developer ;)

Could be so he understands that even the updates are hacked as soon as they are released. Developers have to understand that any copy protection buys a bit of time but that's all. I don't want to post the links here since the forum owners can be assaulted with complains but I checked and it is a FX-open forum. Also Leprecon russian forum has this EA in the works. Not to worry it will be my pleasure to post it here right away for all to use. My personal opinion in advance of its release.. not worth the magnetic particles on the harddrive that it is stored with. It is a ticking time bomb.. but lets see when we get it ;)

Cheers