fxknight

Hi guys, since the above mentioned myfxbook link is mine, let me tell you these "brilliant math PhDs in economics " have no clue about sophisticated, full adaptive marty- like systems and in particular about multi currency trading with it. period.

 

It was the hard work of three addicted guys and it took more than three years of developing and testing to reach the goal...

 

Before u ask: sorry guys, our EAs get never published or sold, bc we trade managed accounts with them.

 

I am not arguing with you and I dont believe the group would be interested in a Martingale EA even with an extensive track record. Just like the odds of Las Vegas, unfortunately the clock is ticking against you as long as you play. Good luck

The trades executed by the EA in the video are not based on the Dynamic Channel indicator. Instead, they are trend-following trades. The Dynamic Channel indicator signals are just like most off-the-mill counter-trend signals. Using them alone, or with the Stochastics as advocated by the seller, will get the account downhill.

 

Hi Clovelly,

Just so I understand your comments about the video. You are saying that the EA in the video is not the same as the concept explained in his PDF report right? Maybe one should not associate the Dynamic Channel indi with the new EA but I was under the impression they are the same.. that the developer automated his depicted dynamic channel concept.

 

Cheers

fxknight, I must say my views are a 1oo% in line with yours regarding martingale or labouchere, still I am very "curious" when I see systems as of like this one:

hxxp://www.myfxbook.com/members/pc8multifx/xpipstrendmulti/15435

I have been following that guy's results for a while and even though he uses some kind of progressive positioning, many of his systems seem to not blowup. Don't you think that despite 99.9 % of progressive money management will bust accounts, it is still possible to have a system that can survive such a method? mods, if I am not allowed to post a link to the myfxbook account, please just remove the link. thanks. I don't advertise anything - just trying to debate the point of martingale vs safety.

thanks in advance, fxknight;-)

 

Hi bratt,

I have spoken and conducted in depth studies with some very brilliant math PhDs in economics and all of them without reservations concluded that a concept based on martindale, progression, labouchere is doomed to fail, the equation being just a matter of time unfolding itself. There are few ways to twart this expectancy which nobody employs since it makes the systems to be unprofitable.. adding tighter stoplosses on every trade, placing time limitations on every trade and of course risking only a certain percent of every trade cycle (like $1000 on a $10k account, once $1k lost that cycle is over). To my knowledge if any of the above are added to this kind of EA, the EA loses gradually and it eventually ends up blowing the account regardless. Its just slow bleeding death vs. sudden death. Same outcome in the end but dragged out. If you know of any EA based on these concepts that are performing just realize that this is a "time limited" performance. This is why these EAs are such a great marketing tool for these vendors because they show one month (or several) of +500% performance and everybody is interested in their product not realizing that all that they are getting ready to do is to jump off a high cliff.

 

Cheers

It's probably useless to discuss it too much based on the short video shown until we get our hands on it, but so far I see some worrisome points. If you place the Dynamic Channel indicator over a M15 chart for ex. you will see that if you sell at high Gold and buy at low Gold channel there are a lot of fakeouts. This is they typical issue with channel trading where the market keeps running and running and not turning where the channel line is. Hopefully the win/loss ratio is high but with a 500 pip SL (as posted on the blog) this in itself will present a problem. How many winners does it need to make up for a 500 pip hit?

 

Cheers

Trade sizes are constant, so it is not Martingale. Do you mean "Grid"?

 

Yes sorry.. LaBouchere. Same destination ultimately ;)

Funny name for this EA.. "Probability" that it will blow the account = 100.0%. Martingdale..

The video looks pretty nice even though the lack of backtest and forwards tests is sort of worrisome. Does anybody know the price of this EA yet when it will be released?

GronanaEA misses indicator volvox_MTF_v3.0

 

By doing a search of this forum I see somebody has posted this indi in the past but the link is dead. Maybe somebody who has it can report again.

 

Edit: I found the indicator. Here it is: http://www.4shared.com/file/6-aMwszH/Volvox_MTF_Ver_30.html

 

 

Cheers

This strategy works well only for 2009 till now. backtest before 2009 is terrible

 

Very true. I am not sure if this is because the data since before 2009 the data is stored with very few ticks per bar by MT4 to save space. On the other hand the above posted EA (http://depositfiles.com/files/57odidm2y) does well from 2001 til now. However even though it is an almost identical concept looking at the code.. it does the breakout calculations trades at different times than the 4-6 GMT EA. It is rather difficult to tell which one will perform better live. The only way to find out is to try them both and see.

 

Cheers

Hello,

I found these untested EAs and wanted to bring them here for the group to play with them and give their opinion. Some of the EAs you may have heard of like PipJay V2, Big Money. Others are just different concepts that may be valuable to us. Please run backtests on them and whichever one you find to be decent let us know so we can compare notes and start forward test if any prove worthwhile.

 

http://www.4shared.com/file/ij0BwiNb/EA_to_test.html

 

Cheers

Chip4Pips,

Great links. Thank you for shedding some light on the origin of the concept. I don't have version 2.2 (some people have requested it here) but I cant imagine being that much different than v 2.0. The concept more than likely stayed the same. Just a comment. Looking at the CableRun GBPUSD especially now that the concept is revealed one can see similar trades. Maybe not identical but both are breakout EAs for sure and look at the same time period to establish the breakout channel. If someone runs across v 2.2 pls post it. This is not a get rich in few days EA but it is a steady performer and making steady slow profit with extremely low risk.

 

Cheers

Any backtest or forward trading reports on this EA? I see all talk but no action on their website - usually not a good sign. If they had something good to show it would be on the front page!!

This is ripoff EA

 

thesecret,

Could you share this EA so we can run some backtests on it? Or if you have some backtests on it that you did could you post those? I get a hunch that this EA might be similar to the one posted with the possible exception that the one posted really performs well IMHO. A comparison would be great to see another possible breakout concept.

 

Thanks

Well.. lets see.. first the live forward test is gone (hmm, one wonders).. second, on the backtest you see lots and lots of "wizard hats" which means.. mr. martingdale. My personal opinion -->> below worthless.

 

Cheers

Asian scalper.. like 1,000,001 others. I recommend Megadroid_XE, FAPTurbo, VS_cross which are time proven performers. These 7 EAs are probably ripoffs of other mainstream Asian EAs.

 

Cheers

Mathematically it is impossible to win with these strategies. Same as the odds of the Las Vegas casinos are impossible to win against in the longer run, these strategies are doom to fail in time. Maybe there are safeguards to make the bleeding slower so the death more agonizing, but eventually the same result in the end. There are papers published by Tharp, Griffin and other mathematicians that discuss the hedge, martingdale issues in relation to gambling mostly of which all are proven to be mathematical catastrophies. Good luck

can anyone please upload zone99forex EA.

thanks

 

Did you read the previous posts? Here it is: http://www.4shared.com/file/MMCeOngw/zone99forex.html

Hello,

This EA is called 4_6_GMT_Breakout and it runs on GBPUSD M15 with good performance stats. I've been told it is similar to the Cable Run and you can compare the signals from backtest and forward tests.

Everything is included in the zip archive including backtest reports, manual (russian), and the best .set files. Please post your experience with it.

http://www.4shared.com/file/DnJWq7oW/4_6_GMT_Breakout.html

 

Cheers

Does anyone have a manual? Timeframe? Pairs? I see a lot more pairs on the website than the funyoo XBARS version...

 

Here you go: http://www.4shared.com/document/BCprYjNy/zone99forexguide.html

Give it few more weeks (or few more days) and you will see the result of a huge draw. I am not a prophet but that I can predict with certainty. This concept never works for long term and is very risky.

 

Good luck

The prediction here is that this EA will go down in flames in a very short period of time. It is nothing other than the LaBouchere concept that loads on trades when the market goes against it hoping for a retracement to close the basket at a certain profit. It is bound to fail not 99.99% but 100%. Just a matter of time before the grim reaper knocks at the door!

Hi,

Just asking if anybody has seen this somewhere http://www.forexinvencible.com/index2.php

May be worth playing around with it just to see if it generates good performance outside the vendor's tests.

 

Thanks

Look at the code.. same functions, same variable names.. 100% identical.

This EA has 260 pip stoploss to make 15 pips. Hardly an acceptable proposition for good money management.

 

Good luck

This EA is a ripoff of the Funyoo's XBars MA Scalper EA. I posted them both so that the group can see for themselves. The XBars Scalper version I posted is the latest one with a bunch of added features. You can see that the Zone99 rippoff artist did not even bother to change the function names. Remember also that FXZapper is a poor ripoff of the same XBars Scalper EA. Please do not support these ripoff artists - they can rot in hell for all I am concerned. Always try to support the original developers if they come up with good products ;)

 

Zone99: http://www.4shared.com/file/MMCeOngw/zone99forex.html

XBars MA Scalper: http://www.4shared.com/file/xfo6zPts/XBars_MA_Scalper_v104.html

 

Cheers