Iceman777

he may cut the losses short too. I closed these out manually Friday taking a 32 pip loss for both trades (16 each) not too bad only after seeing the lot size on these. I will either regret this or be thankful when I see what happens with these trades.

On another forum someone spoke to admin and he said they are working on a new trade copier that will let you fix the lots so hope this comes out soon

I agree, two stops hit in the last two days does seem to be a rare instance looking back at their statement which is genuine

 

Need to take the wins and the losses over at least a 4 week period to see if this system long term is profitable.

I have multiplier of 5 on a live account $868 it trades 0.05, 0.10 and rarrely 0.15 if this helps, happy to try a higher risk setting due to past live performance and the sl not going over 130 pips the risk to reward is quite good but monitoring closely

unfotunatley there is no way to trade with fixed lot, you just have the multiplier for risk etc

 

Can I ask where you saw their statement updated 30 june?

 

on the website the statement has been updated 29june and the last trades occurred on the 28th hence why I am not sure why they dont update their statement in real time

Pipaholic is right, I also got that exact EURUSD buy trade posted also

 

I am just waiting for his website statement to update to show the two losses I have had thus far but still ahead for the week

there are no open trades, I have this running with another EA but will do a complete end of week report for everyone

OK, just had my first loss 116 pips on a sell eurusd when the pair just experienced a sudden northern spike of approx 95 pips

 

Lets see now if the statement on the website updates this loss shortly

 

On a side note still up for the week and Samurai also placed a buy that got me out with another win of 24 pips

 

Not expecting to win every trade so not worried at this stage, will be interesting how thi will handle this week with NFP, will it close the trades just before news considering this is not a fully automated robot but a trade copier with a human trader at the other end

yes, i did get 6 EURUSD orders yesterday a well and all profiitable. Two of these EURUSD sells exited at 84 pips each = 168 pips!!

 

Although the website trading statement is not updating in real time, currently I have a buy and sell open on EURUSD. I will post my results at the end of this week.

I subscribed this week after reading some good reviews over at Donna forex forums.

I can tell you so far I like what I am seeing. Just over the last 2 days I have made 112 pips. I will send an end of week update to everyone. you can really see the human element in this, its not an EA in the sense of the word, you see in real time the TP's changing etc.

 

Average TP is 30 but is dynamic and SL max is usually 130 so risk to reward isnt as bad as some EA's out there.

 

You wont be able to educate this as it connects to his servers but at this stage i would definately recommend it. Just make sure you keep exiting the sales offer on his web page until you see his 50% price off the monthly rental ($77 a month)

 

You also get an 80 day money back guarantee as well

I cant get the trailing stop to work in visual backtesting

when I do a visual backtest EU 1m the pair will go over 100 pips into profit without any trailing stop? shouldnt trailing stop be activated at the 25 pips default setting?

 

On the website you can see him run a visual backtest and the TS always kicks in so there might be a bug in this version

Hi,

Can someone kindly fix this EA to work on GoMarkets STP 5 digit broker

 

It runs fine on backtest but forward test keeps giving me invalid stops

 

http://www.4shared.com/file/IrERUc4M/4XCashcompounder_5000_5.html

 

 

Thankyou in advance

 

Steve

I am also having same probblems as metacrazy, TP=0.000 SL 0.000 entry point 0.000

 

using 5 digit GoMarkets broker

volatility filter would be good. Even running this on other pairs like GBPJPY and only running robot near news events would also be beneficial

You are spot on Dinj regarding the breakeven, yes you cant get it to breakeven, didnt think this through enough

 

Would still be better to cop the 60 pip loss each time the fourth trade gets triggered as this is rare enough to keep this EA remaining profitable, especially seeing you can contol the times to trade the EA

 

I will try your updated version when I get home tonight

Dinj, in the backtest the EA would not progress past 0.30 hence the losses when it hit the opposing SL.

 

Here is my statement this week on demo to show my point better

 

http://www.4shared.com/document/jmgGWB53/DetailedStatement.html

 

 

Now it has only hit the 1.20 progression order twice (and is in one currently), so in what I want to do this would have hit the 0.40 three times instead (remember 0.10,0.30,0.60,0.40)

 

So (assuming there is no breakeven function which would be even better after it hits the 0.40 progression) we would have lost 60 pips for all three orers = 180 pips which for the demo would equal $180 loss

 

That $180 loss I can live with because even with these "protection" losses the account still made $750 pure profit in 4 days from a $500 demo!!!

 

Now if we can also code a breakeven only to kick in when it hits the 0.40 (or 4th pending order that gets hit) we would lose even less

 

this is all due to the probability that 90% or more of the time the pair will not go past the 2nd or 3rd progression

 

Hopefully you can see how great this EA can be if we can code these changes

$500 demo in 3 days up to $1198

 

I may have a way to reduce the risk considerably because if the pair continues in a 60 pip range for too long then you risk margin call as the pending orders keep doubling the lot size

 

If someone can code this to open a max of 4 trades but the fourth trade needs to be smaller than the third trade so from that point on the pair can range forever but it will eventually hit one of the SL's and if the sequence below can be coded then worse case you lose 60 pips, keep in mind 95% of the time it wont hit the fourth pending order as it looks for 30 pips each time so this would make this EA safer

 

The sequence needs to go like this

 

0.10, 0.30, 0.60, 0.40

 

so if 0.10 is buy, then 0.30 will be sell stop, if hit then 0.60 will be buy stop, if hit then 0.40 will be final sell stop. Will 100% hedge at that point and worth losing 60 pips than blowing the whole account, then sequence starts again

 

Can someone code this please using latest version above as this works on 5 digits now

http://www.4shared.com/file/izhqM2vL/Paulo_Costa_Hedge.html

 

Edit - Even better, after the fourth trade could it enable a break even feature so if the pair moves to the 50% median point (between the two SL's) then it could close the trade without any loss

Yes you are right dinj, it does now trade on tadawulfx with higher balance

 

I was testing gomarkets with higher balance

 

excellent, I am testing 1 HR GBPUSD with TP 30 sL 60 stop distance 30

 

I will post results this weekend from my other $500 demo that has been running all week on these settings

Here is another way to attack this if we can get this EA working for 5 digit brokers

 

This ea magneto works the same way and does work on 5 digit, you just need to set lines on your chart for support and resistance and rename them hline and lline then the EA automatically sets pending orders on these lines and when it hits onethe EA starts and workd exactly the same as paulo costa EA

 

Only problem is that it sets TP 60 and SL 120, double what paulo costa does

 

I find this does not work as well. Can someone look into this code and set it up so you can adjust the distant, SL and TP levels like in the paulo costa EA? then we might have a good comprimise to something that will work on 5 digits

 

http://www.4shared.com/file/M5-gY3t4/Magneto.html

very odd, it places trades on backtest but on forward test still will not trade error 130 still

 

Tried setting up demo with high balance but still not good. tried two different 5 digit brokers GoMarkets and tadawulFX, again both backtest but both will not trade in forward demo or live test

Thanks Dinj for trying but still giving error code 130 for 5 digit accounts

 

This is the sure fire hedging strategy. I have manually traded this on GBPUSD 1HR with great success over the last few weeks. The key is not to trade this when markets are very quiet.

 

Can someone have another crack at this to make it work for 5 digits please?

 

You cant backtest this either, not accurate. Over the last 2 days on 4 digit this robot at 0.1 lot trading GBPUSD took account from $500 to $702. $2 floating profit as we speak, when i backtest same period, blows account

Hi,

Can someone please make this ea work on 5 digits please? works fine currently on 4 digit

 

http://www.4shared.com/file/5oaO5znA/Paulo_Costa_Hedge.html

 

Thanks

 

Steve

Bump.... anyone had any luck educating this one yet?

yep, anything worth having has already been shared free on this forum

 

If you had Robovore, Pyramid V3.2MA, Lucky Candles V2 and V3, Ballentinefx SiFi version then I would buy from you, the robots people cant seem to get on this forum and if they did it would be shared free, not asking for money as thats the spirit of this forum

 

People are sick to death of paying for over hyped robots that do not work where its $10 or $1000

 

I am all for sharing these for free seeing most are scams, copies of other free robots as the developers are just trying to steal our hard earned money

 

I am a strong believer though that if you do find a robot that constantly makes profits month after month then we should pay the author by purchasing it outright to keep the honest developers funded appropriately for them to continue with their work and the put the scammers out of business but not giving them a cent, There should be alot more forums like this one out there

Can someone please educate...