fxknight

With 200+ Pips StopLoss?

633 2008.02.26 20:31 buy 313 0.09 1.49500 1.47168 0.00000

Be very careful!

This is turning into a faked commercial post to sell this EA it seems. So sad. Do yourself a favor and stay away from this EA (or these TYPE of EAs). Few weeks, few months from now you will look back and smile at your decision to leave it alone.

Cheers

If you run a backtest on EURUSD H1 from 01-2009 you will find that it blows the account to zero in no time. This is a very dangerous Martingdale EA with nothing special except for being a very good Recycle Bin candidate.

Cheers

Can someone post the 4XGreed v 1.7 EA (.ex4 or mq4)? The posted v 1.7 .exe install package needs some kind of internet authentication to install. TIA

Cheers

It could be a grid trader. You can see multiple trades closing at the same time in the history. Check the maximum trade duration and maximum total open volume.

 

The open trades are private because he may not want you to see how many trades it can have open at one time.

 

The risk with grid trading strategies is having too much volume open and/or having trades open for too long, which can lead to account stop out ("margin call").

This is exactly what it is. A dirty Grid Trader in disguise. Look at the identical closing timestamps of multiple open positions and the large SL. This EA is a ticking bomb ready to go off at any minute of the day. Use caution and pls don't support this kind of developer.

Cheers

After running a backtest it can easily be observed that this is just another run of the mill Asian scalpers with nothing special about it. Below mediocre stats even for an Asian Scalper so it is better to focus on other EAs (IMHO).

Cheers

Yeah unfortunately. PF 1.14 is pretty garbage. As can be seen in the Backtest report this EA has good profit periods. During the contest the EA is having a lucky streak this is why it climbed so high. Besides that it has decent MM where it does not risk much per each trade.

Cheers

Supposedly this is the real #3 Bobley EA from the 2010 Metaquote championship and it is coded for MT4 (translated from mql5). It includes the manual and a backtest. Please share your results with it.

Good luck

http://mir.cr/VLIHPP8X

setup went through although it's a net install, too...looks like MT5 is always using a loader

with bronco data was downloaded from a russian server only

so thanks for that

 

will have a look at the MT5 code...maybe I'll convert one of the EAs to MT4

Just some recommendations. Most of the EAs that these people use in the competition are very high risk EAs - most likely some variation of Martingdale. Think about it.. you have to make the most profit in few months, so if you get lucky with one of those russian roulette clicks and the account does not blow, then you stand a chance to win. However for the long haul for somebody like me and you, these type of EAs are worthless. Therefore, look for EAs that have balanced SL with TP, enter and exit one position at a time and the drawdown is low. From this group the "avoitenko" and "Brodar21012" seem to fit this profile. I am sure that there are others out there but they need to be screened very carefully. This is the most important point I wanted to make. Conversion to Mql4 would be great!

Cheers

Very risky EA. It leaves trades open as it takes new trades and after a while closes the forever open losing trades. This EA will bleed your account dry gradually not immediately. More painful if you ask me.

Cheers

That would require the source code be present on the machine. Do you think all EA vendors are going to be delivering source code with their .EX5 file?!?! I highly doubt it. ;) How's a broker going to steal source code if it's not present on the machine?

All vendors will be delivering .ex5 for sure with no source. But the brokers can get your ex5 and decompile it so they know what they are up against. This is the idea.. they no longer want to be blindsided by certain EAs and if they are then there is something they can do about it. Just gathering info like the Counter Intelligence government agencies to stay ahead of the game. Also if you leave your own mql5 source code in the Advisors directory as you run demo/live forward trading account.. and if its a good EA.. say goodbye ;)

Hi, looking around the world I have found this link

hxxp://test.opentraders.ru/414.html with a link to a Mover3MkII clone (bobsley) .

But with default parameter It don't work well

Can you post the version you found so we can test it? I tried to download it but you have to be registered..

Cheers

Here are mirrors with original zip file:

http://mir.cr/17IF0IKM

From the current results it looks like the Avoitenko and Brodar2012 EAs are the only ones worthwhile to pursue.

http://championship.mql5.com/2010/en/users/avoitenko

http://championship.mql5.com/2010/en/users/Brodar2012

Hi fxknight, (http://indo-investasi.com/member.php/3314-fxknight)

 

Do you have bobsley EA?

Not yet. Waiting for the boyz to pull it. I will post it when I find it.

Cheers

Here are few EAs from the Metaquotes 2010 Mql5 Championship. I found these on another forum and was wondering how they perform on backtests. Can someone that has MT5 run some backtests and post the results here? Remember - with MT5 the broker is able to steal the sourcecode of the EAs from your machine. I've encountered this fact stated by many MT5 users in different forums.

Download: http://zalil.ru/29945417

EA archive contents (contender name: EA name):

agitor: YvsD_v.1.07.ex5

avoitenko: Championship_2010_v1.mq5

Brodar2012: FrameworkComp3.ex5

LuckyFish: LuckyFish.mq5

Rich: PricePatterns01.mq5

RIM: Big_Money.ex5

Toyota: ACT2010-1H-15l-0-4-7-8-0921824.ex5

TradingGurus: GurooEx02Multi2010.mq5

urachacha: rtr.mq5

Here it is DLL free:

http://www.mediafire.com/?65xpw1u77sjsyb5

Use on EURUSD H1 only and run backtest from 2001 til current to decide if this is for you or not.

Cheers

reup pls

 

Cheers

Mirror links added. Enjoy!

These patterns that the program gives as tests are actual patterns that occur over and over in the market. I feel that if you learn them well almost as a reflex you can become a very good manual trader. However to have 80% or better winrate after even 100 tries is very difficult but it gets better with time as you learn to recognize the patterns.

Cheers

Hello,

This is by far one of the best pieces of software to train your mind to trade FX. Rely only on your mind and nothing else.. no indicators, EAs etc. This is a program that allows you to train your trading skill by guessing the next direction of the market. You set a TP and SL goal when you start it and off you go. Try to be 80-90% accurate and you will make more money than you know what do to with!

http://oi55.tinypic.com/2lduh55.jpg

You can download it from here:

http://www.mirrorcreator.com/files/1KPTMIEE/Magic.Forex.Intuition.v1.1.0.10.Multilingual._ed-DJiNN.rar_links

Note: mirror link posted

Best of luck