wareswaldo

I followed the instructions, but got the "licensed expired" just like others here.

It is a martingale, so by definition the lots get larger....using a minimum account balance of $50k and BalanceFactor=25,000 to =50,000 should be relatively safe and trades fairly easily through that rough patch in May using non-NFA/non-CFTC settings with the hedging functions.

Version 1.24 out. Anybody have it? This EA is one of the few Martingales I have seen that I would even consider with live money...

I'm an idiot...

Reminds me of some of those systems from Netpicks. Even the indicators have similar names.

I think there are some programming errors in the EA anyway with respect to 5 digit brokers and the trade limits and trailing features. I get good profits on my 4 digit brokers but the trailing and TP failed on all my 5 digit accounts. I think the idea is solid, but I am going to have to write my own EA for this one to make sure it is doing what it is supposed to do. Maybe the new EA is better, but I haven't purchased yet...

I guess it is impossible to back test in MT4 since it is a multiple currency trader. Will test on demo...

Bypassing the authentication is easy enough - but I can't get it to place any trades

Yes jamestan1978 - I found the same.

I made a simple EA based on this strategy (after fixing up the indicator a bit) and the results are not good for 2010 (especially the first 3 months).

Because it is a manual system rather than an EA it can be tough to put results together. Especially if you trade multiple strategies on the same account. Would have been wise to have at least 3 months of a dedicated forward test before launch though.

Bump...anyone tried?

I think Donna is genuine and try's to only highlight systems that seem to have a legitimate track record, but she probably does jump the gun on some systems like Big Cat....at least she followed up and reported it as a scam when the information came in. Most affiliate hacks won't do that.

 

I know this forum exists because 95% of systems are either scams or only stay profitable for a few months (thus, why not test the pirated free version before spending money on it), but it is always curious to me how quickl we label vendors as evil scammers that should be beat to death while at the same time pirating and sharing other peoples work which is also borderline unethical. How do we balance and justify the contradiction? Seems to me that I don't feel unethical as long as I eventually purchase a license for any "educated" system that makes me some profits.

 

Just by a quick show of hands....how many people actually go on to purchase a license in the rare case that an "educated" EA they downloaded from this forum actually makes them some money? For instance, seems like MegaDroid has weathered the test of time better than most others...so do most of those trading MegaDroid have a paid license for it?

I'm pretty sure Ben over ADT was the first one to release a MegaDroid Mod with the FFCal news filter. Back in February or something I think...

Re: Beter be Quick V224

 

This PM business is crazy - but I guess I will join in.

Re: How much time did u spend waiting for signal everyday

 

I feel like I spend way too much time looking at my charts period. I wish I was disciplined enough to just take 10-20 pips per day and walk away. If you make 10-20 pips a day at about 2% risk you can easily bank 10% return per month. I know most are looking for that 100% per month - put 10% is still better than most hedge fund money.

 

I prefer to use support and resistance channels - always trading in the direction of the channel. Easy get 10-20 pips per day during the active sessions. I have found that I end up losing during the quiet market as sometimes strange break outs or reversals occur.

 

-B

Re: EUR/USD Support - Resistance

 

Looks like pretty strong MACD divergence has formed on the H1 chart. I think the EURUSD is range bound for a while yet.

Re: megadroid

 

It is interesting to me how expensive these systems are getting. I think when you combine all of the elements such as piracy, affiliate payoffs, unconditional refunds, scams, and the increasingly restrictive NFA regulations in the US - the retail forex world is gradually shifting back into the hands of the super wealthy, and everyone with less than $10,000 to trade is being marginalized into the gambling and hobbyist category.

 

It is becoming more and more difficult for the small account trades to play the game in an increasingly regulated environment.

 

Make money while you still can...-B

Re: best indicator

 

I keep these two indicators on my charts at all times:

 

1. # TLB OC v2 for dynamic horizontal S/R

2. SlidingChannels for dynamic diagonal channels

 

Those two indicators allow me to scalp trade at major support and resistance points. Overlay those on the BlackDog Systems mini trend finder v2 template and you have a powerful chart for scalping some pips.

 

I also like to keep a version of the Tom Demark Sequential on the chart (especially when using the M15 and H1 charts) as a reading of 9 usually indicators a reversal at the nearest support/resistance levels.

 

Cheers!

Re: [REQ]The L.M.T Forex Formula

 

I wrote an EA for the LMT trading formula (although it can't detect candlestick patterns as described in the manual). Back testing of the auto trade system reveals that LMT is best traded on the JPY crosses and the 4-Hour charts. Also, optimization reveals you will probably want to use a stop loss and first target that is 1.5-2 times the size suggested by LMT.

 

If you want to trade LMT on the daily chart (at 2% risk you will probably only make 5% per year per pair on daily charts), stick to the USD crosses (except for the GBPJPY which seems to do okay on the daily lately).

 

Good luck with LMT,

-B