enodr
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Posts posted by enodr
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Check here:
http://www.forex-robot-world-cup.com/
It's a contest of non-commercial (ie non distributed) EAs. The LMD-Multicurrency is ahead of competition at the moment.
I am sure there are good EAs out there but for sure they are not distributed nor sold (except as signal services maybe).
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Re: FXEB Equity Builder
Hi,Also with no SL wouldn't it be possible for a big unexpected news event wipe you out?
With default settings FXEB will place orders from 0.1 lots to 1.80 (8 trades with 1.5 multiplier). The total lotsize for 8 trades would be 3.69 lots.
Look at the EURCHF and you will see that yes even recently there were big moves which would have wiped an entire account with such settings (3.69 lots x 20 pips move makes a 1100€ loss). Be also very carefull with margin call.
So unless you trade with a 10k€ account, be very carefull.
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Re: FXEB Equity Builder
The FPA team explain in their forum what the problem was. The open trades had been deleted due to a technical problem, they are back now. Read here for explanations:
http://www.forexpeacearmy.com/public/review/www.fxequitybuilder.com
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Re: 100% wins for november (Random EA vs Emily)
Hehe,
I think my first post was not clear enough! I did not intend to lead people use this pesudo EA because it is totaly crap!! It was just to show that most of the EA posted on this forum are not better than sending random BUY / SELL orders and using small TakeProfit value with huge StopLoss;
So ryujin, do not waste time making this work, it's useless :)
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Hi Guys,
Just a little fun. In another thread someone was requesting an EA called Emily. I looked at it and was interested by the good results (TakeProfit 5 pips, no StopLoss). I made some modifications to the EA by removing the Martingale and found out in fact the results were a piece of crap.
Then I came up with the idea of using a random generator for the signal triggering function instead of their signals.
My results are incredible: 100% wins with a TakeProfit of 5 pips and no StopLoss:
http://img81.imageshack.us/img81/2779/strategytester.gif
Many of the EA on this forum have the same behavior. Their signal logic is as efficient as a random generator... Because they all have small TakeProfit and big StopLoss they achieve to make regular pips because prices of all pairs are evoluting on the short term in a small range. But when a big news comes, your account is blown because the price will never come back to the range.
Moreover I am still amazed how poorly coded are all those EAs. I am looking for a proper money management example, but could not find one so far! I am sure that even with a random generator and very good money management you could make money on the forex :) At least that would be as efficient as using a 97$ EA.
Bests
PS: My random EA code: below
//| Copyright 2009, enodr | //| | //| | //+----------------------------------------------------------------------------+ #property copyright "Copyright 2009, enodr" #property link "http://www.?????.com" extern double TakeProfit = 50; extern double StopLoss = 50; extern double TrailingStop = 0; extern int Slippage = 3; extern double Lots = 0.1; extern int MaxTrade = 1; extern int Magic = 123; extern bool ReverseLogic = false; //+------------------------------------------------------------------+ //| init() | //+------------------------------------------------------------------+ int init() { MathSrand(TimeLocal()); return(0); } //+------------------------------------------------------------------+ //| deinit() | //+------------------------------------------------------------------+ int deinit() { return(0); } //+------------------------------------------------------------------+ //| start() | //+------------------------------------------------------------------+ int start() { Comment("USE ONLY WITH EUR/USD IN 30M TIME FRAME","\n"); // Adjust Trailing Stop //TrailingStop(); if (OrdersTotal() >= MaxTrade) return(0); // Check for BUY / SELL signal int state = CheckSignal0(); // Local variables double Price = 0.0; double _TakeProfit = 0.0; double _StopLoss = 0.0; // SELL if (state == 1) { Price = Bid; _TakeProfit = Price - TakeProfit * Point; if (StopLoss == 0) _StopLoss = 0; else _StopLoss = Price + StopLoss * Point; OrderSend(Symbol(), OP_SELL, Lots, Price, Slippage, _StopLoss, _TakeProfit, "SELL", Magic, 0, Red); return(0); } // BUY else if (state == 2) { Price = Ask; _TakeProfit = Price + TakeProfit * Point; if (StopLoss == 0) _StopLoss = 0; else _StopLoss = Price - StopLoss * Point; OrderSend(Symbol(), OP_BUY, Lots, Price, Slippage, _StopLoss, _TakeProfit, "BUY", Magic, 0, Blue); return(0); } return(0); } int CheckSignal0() { // Return Random value 0, 1 or 2 return (MathRand() % 3); } -
Re: FXEB Equity Builder
Even worse they cheat on their livetesting at f0rexpeacearmy.com. I have the EA running on demo and it had some very big loosing trade (8 sells started on Dec 4th). These open trades were also on f0rexpeacearmy a few hours ago and now they have disappeared from the account statement (the EA is not run by FPA, but by the FXEB Team itself).
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Re: FXEB Equity Builder
I have just discovered one big thing. Equity Builder is a repacked Free EA:
"stoch power ea 5.mq4" (Google it, it's free).
They did not even bother changing comments inside the EA. It's a real shame. I hope nobody bought it...
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Re: Cloverix EA
Sales are closed... If someone bought the .exe version it he can get DLL version for free (just email the authors with pretext like antivirus detects virus in cl0verix-ea.exe).
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Re: Cloverix EA
According to the author website there is a dll version of Cl0verix since last october. Anyone care to share? I'd like to have a look at this dll. Thanks.
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Re: FXEB Equity Builder
http://img24.imageshack.us/img24/1047/20jpgfinal.jpg
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Re: FXEB Equity Builder
Hi, v2 is out:
Hello,
From Monday 16th of November we will be opening sales again.
Until then, for our prospective clients we offer it to you now. As always, you have 60 days to evaluate the product and request a full refund if not happy.
If you or someone you know wants this opportunity, please use the link below.
Forex Robot World Cup
in MetaTrader Expert Advisors
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Re: Forex Robot World Cup
Well that's not exactly what they say. The winner gives the selling rights for 6 months. Given the fact the winner is awarded 100.000$ it's a fair deal. After 6 months he's free to sell the rights or market it himself.
That's pretty cool because we will finally maybe see a good EA on the market after the competition is finished!
Quote from the rules:
B(14) - Should the entrant of a submitted EA be announced as a winner of any prize category, said entrant (as the acknowledged owner), hereby agrees to unconditionally grant to the FRWC organization sole, exclusive rights to market the EA as it sees fit and for its own exclusive benefit for a period of 6 (six) months from the end of the competition - this is deemed to be 14 days from the end of the live trading phase.
B(15) - If, at any stage during the exclusivity period, it is discovered that a finalist has attempted to sell or cede the rights to their winning EA then the prize awarded to that finalist will be forfeit and must be repaid.
B(16) - At the end of the 6 month exclusivity period, the FRWC organization shall acquire the non-exclusive rights to market the EA for its own benefit in perpetuity. With the commencement of the non-exclusive period, the owner shall thereafter be free to do with the EA as they wish (sell it, market it, license it), save that the owner may not sell or dispose of any rights to the EA if such sale or disposal would infringe, in any way, upon the rights previously granted to the FRWC organization - for example, the entrant of a winning EA could provide marketing rights to a third party on condition that such provision would not restrict the FRWC organization from continuing to commercialize the EA.