InvestorsHaven

I am surprised that there is no recent discussion on what seems to be a great EA,, check out the results:

 

http://www.myfxbook.com/members/wackena/bogie-hedgehog-v2/19471

 

It seems to add to losing positions and closes on low profit,, I suspect that the BBW Scalper is a clone from this. Except that BBW does not even come close to this.

 

Openions are welcome.

FYI: BBW Scalper was originally designed from a manual traders recipe that has generated him and his brother more than $65 million in combined assets. So as far as cloning goes, you could chaulk it up to this, but nothing automated compares. Furthermore, there is engineering concepts in BBW Scalper that no other product out there does.

Re: Recruiting BBW Scalper Beta Testers

At this point and time, I have all the Beta testers I need. Thank you for your input and interest. I hope you like the end results when we are done.

Re: Recruiting BBW Scalper Beta Testers

I offered you constructive criticism and I still offer it. You continue to sell something that you know has major DD. You are causing yourself more harm than good

by selling it until the DD items are resolved. No attitude or anything else. It is called constructive criticism. You should accept it.

 

Cheers

 

 

I don't see how this is constructive as my customers and I continue to have profitable accounts. Yes there is drawdown, but it is the nature of the strategy. I have just devised a way to make it even better. No problem with improvements, I am sure. No, I won't stop selling it as it is profitable, and continues do so for more than 100 people at this time. All of them benefit from our improvements as soon as we get them aout the door.

 

But then again, they are perfectly welcomed to go out and bu a $97 product that scams them right out of their money. I would not be happy about that decision as I feel for their losses.

 

I could just keep putting out new products and ignore the customer concerns but I really want to work with the suggestions of those who have provided suggestions to make the products better. The best part, is that when it is to the point that people are completely satisfied, I will roll the modifications to the other strategies and ship them as well.

 

Thanks for the criticism, but I don't find it very constructive.

Re: Recruiting BBW Scalper Beta Testers

Now your asking for more beta testers to help you solve the DD issues and yet you continue

to sell it knowing there are DD issues. Hopefully you will somehow solve the major DD that can happen

but you still need to take the best advice you have been given. Pull the plug on selling it until the DD issues are resolved.

You are only causing yourself more harm than good as people know you are selling something

that can have major DD.

 

Cheers.

Actually we have people very profitable in live accounnts. We have solved the DD issue and wish to confirm it with beta testers. We believe in being thorough in our testing. Beta testing is the final cycle of the Software Development Life cycle that is used in professional development. We are not doing more harm, we are ensuring our clients of the following:

1. We back our product by addressing concerns

2. We listen to our customers and provide them with as many solutions as possible.

3. We take the extremely long time of testing to ensure that what goes out the door is safe and profitable.

4. We use live real forex investors in the trenches to beta test to ensure we have met with concerns in the market.

I don't know what it is with your attitude, but if you are not interested in testing, there is no need to post your propaganda here.

I am looking for 5 critics of my product. People here who have been very thorourgh in criticing my work. I want the hardest of hard a$$es to hammer the next version. If this version has a problem when it goes out the door, I want it to be either super hard to find or super low priority that no one would care. My aim is to build the best I can and so I only want the best working with me on it.

If you are the one to answer this call, PM me. I don't build scams and I want the world to know it. Come help me beta test the latest BBW Scalper. Our target release date is the 1st of April, not much time, I know, but I want to get it out to help people improve their earnings and reduce their drawdown.

To know you are the hard a$$ I am looking for, I would like a history of your automation background. Please add that to the PM, I just need to know what automations you have ran, what you think of them and why they did not satisfy your needs.

There is a compensation for this, but I will only disclose it after the 5 have been chosen.

Re: Your opinion please...

A few marketing/strategy tips:

 

- KISS: Be careful not to make things to complicated for your customers. The more hassle it is to get setup (demo or real), the lesser customers will actually take the leap (of faith). Remember most of us already have (several) accounts on our own VPS servers running. That's just one more extra worry. And one additional monthly bill. You're effectively raising the barrier to draw in new clients.

 

- Rumour around the brand: when actually less than expected people start using your service this way, there'll be less rumour about it. Thus less sales. Tell your accountant the same.

 

Example: Had I not been a member here, I would have never heard about BBW. I saw the posts here on it, paid several visits to your website, submitted my info for a demo. And when the EA demo works, I might purchase it. Bingo! Potential new customer.

 

Cracking can promote sales

If a good EA gets "hacked" and posted here...and the EA actually works, I actually think this might increase sales on your end. For one, when I test a (cracked) EA, I will ALWAYS buy the genuine version. Why? Because I want the real thing running on my live accounts...and not take a gamble. Moreover, I want the support, upgrades, settings etc. from its maker.

 

I know you're dealing with a two-edged sword here. Being too protective of your IP, however, can kill your business. (Prime example: Remember Apple vs. Microsoft in the late 1980s...? The fact Apple did not give their source code away almost killed them and gave Microsoft the competitive advantage they needed to win.).

 

Just my 2 pips.

Excellent feedback there San, thanks. You mentioned something that I did not think of and it would make it even better for those who do have VPS setups already. If you already have a VPS setup, all we have to do is to share out the folder path to you for your connections to the back end VPS, another price savings to users with an existing VPS.

KISS: I am retaining a specialize developer from MSFT that is an old buddy of mine to redesign our website and create this special application interface with me. It is going to cost some serious cash, he is not cheap, but damn good. We will construct it to be sweet and simple for users of all scales.

RUMOR: I agree, but you guys actually are meeting the company on the growth of the rumor bubble not the back side. I am sure someday we may rank with FapTurbo or better, ok, a fella can dream.

Cracking: I understand the perspective you are illustrating here, I cannot say I agree with it. I can say there is the old saying, locks only keep the good out, but I must be responsible to my employees and my customer and do everything I can to ensure the quality, value, and even security of our work. Without ethics in this industry, all you get is $97 dollar wanna be scammers.

New Technology: This could be considered a new technology to simplify the installation, configuration, and access to the products. Better yet, the performance for most would be the biggest benefit. With VPS our demos run about 150 milliseconds to our broker that is only a few blocks down the road from our host. On the brokers live server connection it is 17 milliseconds. Who would not want a better performance to the broker. Now this is just our broker scenario, NY is a major back bone for most brokers in the market, if so, anyone who has a broker located in that area would be able to benefit from the performance to their own broker as well.

-- 06 Feb 2010, 10:39 --

Oh yeah, I forgot to mention, I found a way to make the demo a free service to our customers using this system. We only need our potential clients and clients to have a single access point to get to their remote apps, so we will cover the cost of the clientVPS and use it as a gateway for our clients and potentials to get to the products on the back end VPS. Again if they have their own VPS, we could supply them with the needed setup to link them to the backend VPS.

-- 06 Feb 2010, 11:02 --

Another thing that just occured to me, as we build updates or improve configurations for a higher performance or a changing market, we could easily manage this in a centralized solution like what we are discussing. We just sent a network message to the client on their VPS asking permission to perform the update, then apply it at their convenience.

-- 06 Feb 2010, 11:04 --

Holy smoke another thought here, the update could come in the form of a windows update local or a network update. Man this just keeps getting better.

-- 07 Feb 2010, 10:45 --

Ok, so this idea has proven out to be bad, may I have your suggestions on how to address the issues and still be able to continue down our current path instead of this new path? So far, I have heard that people like the idea of 100% control, being able to down load and install a program and EA, but the question remains, how do I afford this and still be able to keep the hack risk low? How do I compete with them?

If you like the way we are going prior to the hack attacks, help me to find a way to address the hacks. I am more than willing to do forum Q/A's help folks understand how our programs work, and what we calculate to get the desired results, so if someone is curious, great, I will show you what I did, but I am talking about the serious hacks that then go out onto the market and cut our prices with their version, not only prices but reputation of being a sound and safe product. A recent hack job was found that actually changed the MM behaviors, the new hacked version actually causes damage to a users account. This is an issue where people develope a trust with us, only to see it shot down. So my concern goes deeper than just price, reputation, but so much more. Please help me figure this out.

-- 07 Feb 2010, 11:16 --

Demo accounts are now available again on the BuyNow.html page. This should reduce hacks for curious investigating folks. So feel free to demo the products.

-- 12 Feb 2010, 10:01 --

I can see clearly thanks to another investors situation that we are not addressing the brokers min lot size correctly in the MM. There is a temporary solution to this problem while I work out the coding solution. I believe by increasing the number of pairs, say from 6 to 15, you should be able to force the lot size smaller, at the brokers min level. This is to say that it will force the program to kick into opening trades that are set to the brokers min value, which would reduce the risk, and prevent the over leveraging that occurs. I will get an email to everyone who has an account with us to try this as a change in the event their broker requires larger lot sizes.

Meanwhile, I will attempt to modify the code to adjust for this.

If you are using Pro, you can cut the risk in half as well to assist with the protection. another way to assist with controlling this situation is to increase the MaringMinLevel variable to say 1500 or even 2000 if this is still not enough. This will prevent the larger trades from drawing down to risk margin issues.

Re: BBW Scalper

From Vlad set file, he uses MaxOrders=1 & Risk=30, which should give 0.15 as the base lotsize for GBPUSD, but the EA traded 0.75 lots. Does "EnableAccelerator" have anything to do with boosting this base lotsize by 5 times?

No it does not, it simply looks at the previous trade that fired on the bollinger indication and says if that trade is profitable, then open another trade. Then on the next candle, it does the same thing, is the previous trade profitable, then open another trade. The only side effect of Accelerator is that it can exceed MaxOrders. However, it is held at bay by The MarginLevel% limitation. This is one of the keys that prevents margin calls. This is part of the problem. The trade sizes should not be possible at this balance size, and it should never have exceeded the MarginMinLevel which checks the MarginLevel% to make sure it is not below 1000% if it is then it enables StopTakingNewTrades. Again the safety factor.

This is why I am having such a hard time identifying the problem and resolving what has happened. There is no explanation as to why the lot size was this size. I currently have an entry in at MQL about it to see if maybe my USD coding could be effected by Russian transalation of currency. This is the only area of weakness I have found. It would seem that everyone experiencing this issue have a russian location. This is why I am sitll investigating.

If anyone is familiar with how USD code interacts with accounts ran in Russia, please let me know if there is something wrong between the two that may explain this.

Re: BBW Scalper

Something very odd is going on, I think there may be a real problem here. Please send me your expert log file, journal log file and set file. There have been 5 reported instances of situations similar to yours. Also, I need to know, are you running a Pro package or a Std package? Send to this email: [email protected]

Re: BBW Scalper

Very interesting. See the default values of either the standard or the pro will not trade lot sizes that large. If you are trading 6 pairs as the instructions tell you, it is impossible to have lot sizes that large on my system. Especially if you have standard, because it will only allow you to change the number of pairs you are trading. You would have to have that set to 1 for it to consider trades of this size. Just out of curiosity, where did you get the product? Was it from our site or was it from a hack? If it was from my site, send an email to [email protected], we will be able to verify your registration and with that, we will be able to verify the trades that were placed.

In summary, After investigating this issue as best I can without confirmation of the users account. Here is what we have determined regarding this issue:

1. We calculate our lot size with the following mathematical formula:

Lot = ((Available Free Margin)/(MaxOrders*NumOfPairs))*Risk)

Break out your calculator, assume Available Free Margin = 3000, according to the set file provided, assume NumOfPairs = 6, assume MaxOrders = 1 (although our default setting is 3). Assume Risk = 30% or .3. The resulting value could not, would not be so large as to take trades of this size. Mathematically impossible.

2. There are 51 automations running in the test lab, of which we Investors Haven could only possibly control about maybe 20 of them. Merlin has a few, Doug has a few, some of our clients are showing theirs, the rest is by those who want to show their results, none of which we have any control over. All of them show effects from the Toyota movement in the market, not a single one of them are margin called.

3. In the past year, no one who has default settings have ever been able to margin call an account.

So this leaves the following possibilities:

1. A hacked product modified to make us look bad.

2. It is a pro package and the values provided to us were not accurate on all 6 currency charts, meaning somewhere a chart or two was set to maybe 1 and 1 for MaxOrders and NumOfPairs

To sort this out, I have asked that techsupport be contacted with the registered email account. No emails have come in. This points to #1 as the issue.

If it is a hacked product then just contact us and we will get you a good account and product.

If it is a pro package, check all the chart to make sure all values match to default settings.

* Should have 6 pairs

* NumOfPairs = 6

* MaxOrders = 3

* Risk 30 to 50 max

Re: BBW Scalper

Very interesting. See the default values of either the standard or the pro will not trade lot sizes that large. If you are trading 6 pairs as the instructions tell you, it is impossible to have lot sizes that large on my system. Especially if you have standard, because it will only allow you to change the number of pairs you are trading. You would have to have that set to 1 for it to consider trades of this size. Just out of curiosity, where did you get the product? Was it from our site or was it from a hack? If it was from my site, send an email to [email protected], we will be able to verify your registration and with that, we will be able to verify the trades that were placed.

Re: BBW Scalper

Hello,

Unfortunately I badly speak on English and it is difficult enough to me to understand, and then to answer some questions.

In the message above I have attached the entire account, there you could find details.

Here I will add that set which used.

It will be easier if you put a set which I can use in a demo to trade with the capital 5000 or tell what options it is necessary to change that account crash would not repeat.

http://rapid*share.com/files/345972912/bbw_scalper.set.html

My russian is even worse, so I will try limited english:

Did it close trades negative?

Is there a stop loss set?

Does broker have rule on closing bad trades? Who is broker?

Did it margin call?

Re: BBW Scalper

All right, I have heard what you guys have asked for. I have listened. Give me a couple of hours to get a demo registration page built and for you guys, JUST YOU GUYS, no one else is to get this information, I will give you a demo account and product to download. But I got some rules.

1. I want a stop on all the pirating of the product from this site. I have seen references to RIO and BIRT, I haven't had the time to track them all down. You guys know who is doing me wrong here. Use a little group encouragement to shut it down.

2. This offer is only for members of I/I, share it with no one.

3. If you find something about the product you don't like, you send a email to techsupp(at)InvestorsHaven.com with a suggestion on how we might consider doing it better.

That is all I ask for. If that is too much, then don't waste my time. Allow me a couple of hours to get the registration page up, that will buy you guys time to get my product issues off this site.

Re: BBW Scalper

Hello folks, Hey there Vlad, I would be interested in seeing more details on your situation. I find it hard to believe that this is on default settings if it is taking a loss. Considering that we do not enable stop losses of any kind by default. Now, Cash Collector may have done this and if it did, on the trades that closed at a negative, you should have seen positive trades on that same currency pair. Otherwise, Cash Collector could not have done this. The next thing to check is, does the broker have a policy to close any trades that are a x% negative usually relative to the balance of the account. Did these trades match that percentage? If so it may have been a broker forced close based on the JPN sudden shift when the news went worldly on Toyota's response to the issues with their gas peddles.

One more question, did it margin call your account? Is it still taking positive trades?

Re: Your opinion please...

I have recently been introduced to a web based remote app program that allows the user to access a MT4 through a web application without accessing the files of the program. The idea is to give the user access to a MT4 with an EA on it that you can configure or run demo's on, but you would not have access to the EA files themselves.

 

This to me sounds like a perfect "non-hack" environment that will allow users to run either demo or live.

 

In your opinion, is this something you would be interested in? What are your pro's and con's on it?

 

If it works as I suspect it would, I wouldn't be very eager to give my account login to a 3rd party; on top of that, by the sound of it, I wouldn't be able to run other EAs on the same account or do any manual trading. Also, what would stop one from simply running a demo account there and copying the trades to a real account?

 

If you want a perfect non-hack environment, just put a part of the code that has to be executed at every new bar on a server, in a PHP or something and make the EA access that URL instead of a simple authentication URL.

Not a bad idea on the new candle and link to a server.

To further explain the concept. With Win 2k8, you can provide people with a TS RemoteApp. But the client has to Vista or Win 7, so, We provide the client with a VPS that they log into, that VPS has a RS RemoteApp RDP to the MT4, which is already setup on the main VPS server. We do not have access to your account information in the way of broker access. You supply that to the MT4 on your own. You can change the configurations of the MT4 as you have in the past, but there is no access to the files controlling the MT4 EA. This would mean we could provide multiple Demos, and live accounts to the user. they have secured access to our product and seciuity to their access to the broker. The syutems would be imaged with MT4 and the EA from the independent VPS Host. The user would just acquire the needed VPS and then register their desired license with us and apply it to the MT4 EA that was imaged.

The thought on the pricing would be a membership fee and a low monthly, meaning we could drop our prices to make it more affordable. As it would be on a residual basis.

In theory, this is not concrete as we have not completed the assesment of expenses, but here is a throretical pricing:

1. A annual membership fee of say $200 USD to cover startup costs

2. For a demo, you would cover the costs of the VPS ($50) that will allow you access to the systems. Click an icon on the desktop to request a demo account. and you can do this up to say 4 times. Total of 4 demos.

3. For a live account, you would need 2 VPS ($100), 1 for your access, the other would be for your live account to sit on the back server that remotes the product. In step #2, you shared the backend with other clients running demos on that back server. This affords you a savings by sharing the server. On the live, the entire VPS server on the back end is exclusively yours for high performance and low latency.

4. Standard would maybe cost $50 a month as a service.

5. The Pro would be maybe $100.

Summary:

Membership: $200

Demo = $50 mth

Standard live: $150 mth

Pro live: $200 mth

This helps you to have a lower cost to trade, it helps us to secure the product and allow folks to enyoy earnings. And Keeps everyone honest and secure.

I ask for your input now, because it is a path that seems to be the best of all worlds for everyone. Your input here will help us to make it work for everyone. Without your input I am subject to just the accountants opinion, and I am sure you know what the accountant will say. This is how I work, I get traders input in what I do for them. This is how I know what makes the program worthy, it is also how I know how to best serve you. If you really want the devs ear and get systems that work for you, then helping me to design siystems that fit your needs is how I am going to be able to do this for you.

By The Way Birt, I hope there are no hard feelings in regards to my statements in my first thread.

I have recently been introduced to a web based remote app program that allows the user to access a MT4 through a web application without accessing the files of the program. The idea is to give the user access to a MT4 with an EA on it that you can configure or run demo's on, but you would not have access to the EA files themselves.

This to me sounds like a perfect "non-hack" environment that will allow users to run either demo or live.

In your opinion, is this something you would be interested in? What are your pro's and con's on it?

Re: Meet the BBW Scalper Designer

Your ea should be called a semi-automatic trading strategy as you stated that people

need to monitor the trades. When you come up with better exit strategies that do not show major dd on

a 4 year backtest with 90% model quality then I will buy your ea. Until then people might as well save there

money as if they trade this ea without monitoring it they will suffer major DD which you admitted.

 

Cheers

 

You did not read my post correctly. I indicated that you know your system has major DD in backtests which you admitted.

You know as well as I do most people buy ea's because they can not manually trade. To sell an ea which has major dd in

backtests is like telling a kid to cross a freeway during rush hour traffic. Sooner or later the kid will get hit by a car.

So again, my recommendation is pull the plug on any further sales untl you and your betatesters solve the major DD

in backtesting your ea. It does not matter if you have 99% winnning in backtesting. If the 1% loss cause major DD

then it is not a good exit strategy.

 

You did not read my post correctly. I indicated that you know your system has major DD in backtests which you admitted.

You know as well as I do most people buy ea's because they can not manually trade. To sell an ea which has major dd in

backtests is like telling a kid to cross a freeway during rush hour traffic. Sooner or later the kid will get hit by a car.

So again, my recommendation is pull the plug on any further sales untl you and your betatesters solve the major DD

in backtesting your ea. It does not matter if you have 99% winnning in backtesting. If the 1% loss cause major DD

then it is not a good exit strategy.

I find it interesting that you relate drawdown to tragic incidence of a child getting hit by a car. Is there some need for some therapy here? A little humor, hope you don’t mind. Our system has been tested time and time again with no margin calls NONE WHAT SO EVER. The have survived the August trading and December trading, the non farm, etc. The system is designed to support even the most uglies drawdown and KEEP THE ACCOUNT ALIVE.

Example: In December, we had a $5k account that was hit by the 900 pip move on EURUSD, Merlin has already told you about it. What he didn’t tell you is that because of the Accelerator feature, there were 4 open trades on that account in that pair. When the market reversed and flew away like that, the account was more than 8800 pips in danger, only $1500 left on the margin. BUT IT LIVED IT DID NOT MARGIN.

Can you name 1 automation out there that can take 8800 pips of drawdown and still remain alive? Not me. This is all the proof I need to know that even if with all of our efforts of protection, that kid may get stupid and cross the road in front of the car, but with the right protection, that kid may survive the car accident.

Even a 1% can survive.

Toemayto or tomato, I personally manage over 50 accounts right now by myself. I touch each one in a matter of 30 seconds and move on. It takes me 2 hours to process them all, now this is my monitoring system. If I have to apply changes for or with my clients, that can be a 10 to 15 minute process. Now this is because I am developing a strong customer base. I teach my copper plan clients how to do the same thing with their accounts. The check it 3 times a day, takes 10 to 15 seconds to do it. If there is a bad trade, they spend a minute or two to determine the condition and decide whether or not to kill the trade. You want to say semi – automatic because you have to touch something in a matter of seconds 3 times a day, fine by me, I call it wise to watch your money.

Anyone fooled into believing in a fully automatic system that is 100% hands off, in my opinion, deserves to lose their account. That is not investing, that is pure lazy and living in a fantasy land.

In fact, if anyone promises to deliver a specific percentage of earnings or specific dollar amounts based on their automatic system, I say run like hell the other way, but only after you slap them for lying. There is no such thing as earning the same amount consistently in a market that is forever moving and changing. People who promise on this basis is mostly likely making above that and anything above that is their percentage for letting you use their system.

-- 03 Feb 2010, 17:27 --

Folks, I hope I have been of some help here. I really need to get back to work on the development of 5.0,

Happy pipping everyone, whether you choose our products or not it is up to you. I don't believe in pressure selling, so you won't get it from me. You know how to investigate and many of you seem like bright, intelligent folks, I am honored that you allowed me the time to talk with you about what we have to offer. If you have any suggestions on how to make our product better, we do listen and are ready for your suggestions. If you got something that helps the stop loss issue, please let me know soon and I will try and get it into 5.0. we have 2 new methods we are working on that may help, just trying to figure out how to get them profitable. Kind of hard when the new scalper only takes 2 - 10 pips at a time and we cannot set stops closer than 5 to 7 pips, but we are trying our best.

Anyway, you know what to do, take care and thank you for your time to talk to me. I hope I have laid some of your concerns to rest.

Re: Meet the BBW Scalper Designer

You did not read my post correctly. I indicated that you know your system has major DD in backtests which you admitted.

You know as well as I do most people buy ea's because they can not manually trade. To sell an ea which has major dd in

backtests is like telling a kid to cross a freeway during rush hour traffic. Sooner or later the kid will get hit by a car.

So again, my recommendation is pull the plug on any further sales untl you and your betatesters solve the major DD

in backtesting your ea. It does not matter if you have 99% winnning in backtesting. If the 1% loss cause major DD

then it is not a good exit strategy.

 

Cheers

You did not read my post correctly. I indicated that you know your system has major DD in backtests which you admitted.

You know as well as I do most people buy ea's because they can not manually trade. To sell an ea which has major dd in

backtests is like telling a kid to cross a freeway during rush hour traffic. Sooner or later the kid will get hit by a car.

So again, my recommendation is pull the plug on any further sales untl you and your betatesters solve the major DD

in backtesting your ea. It does not matter if you have 99% winnning in backtesting. If the 1% loss cause major DD

then it is not a good exit strategy.

I find it interesting that you relate drawdown to tragic incidence of a child getting hit by a car. Is there some need for some therapy here? A little humor, hope you don’t mind. Our system has been tested time and time again with no margin calls NONE WHAT SO EVER. The have survived the August trading and December trading, the non farm, etc. The system is designed to support even the most uglies drawdown and KEEP THE ACCOUNT ALIVE.

Example: In December, we had a $5k account that was hit by the 900 pip move on EURUSD, Merlin has already told you about it. What he didn’t tell you is that because of the Accelerator feature, there were 4 open trades on that account in that pair. When the market reversed and flew away like that, the account was more than 8800 pips in danger, only $1500 left on the margin. BUT IT LIVED IT DID NOT MARGIN.

Can you name 1 automation out there that can take 8800 pips of drawdown and still remain alive? Not me. This is all the proof I need to know that even if with all of our efforts of protection, that kid may get stupid and cross the road in front of the car, but with the right protection, that kid may survive the car accident.

Even a 1% can survive.

Re: Meet the BBW Scalper Designer

Hi Larry,

 

Thanks for your visit and comments.

 

With interest I have followed your website, especially the results posted on myfxbook.

What triggers me:

 

1. I see many accounts being closed after 30 days.

2. Are your accounts on myfxbook real money accounts?

3. I see numerous combinations of pairs being used. Have you researched and selected the most profitable pairs, timeframes and settings?

4. Do members/purchasers receive regular updates on results, settings, etc?

 

The most important thing here is that the EA is not cheap. And we all have gotten burnt with purchasing EAs. Even the demo version is rather expensive IMHO. Should such demo not deliver expected results, than that's hard to recover from in forex.

Moreover, when there's little or no support to help people getting profitable results (pairs, TF, settings), this can lead to frustration and disappointment.

 

Cheers, San.

If you look at the data on the summary page of the Test Lab site on MyFxBook, there is a column for Type, it designates whether the account is Demo or Real. We have 1 real live account that we are currently authorized to place up there. In the next 2 weeks we are expecting to have 3 more live accounts up there. If anyone here would like to share their live postings up there, you are welcome to do so. In the title of your report, just use “BBW Scalper” in the title and it will appear in our list as well.

The 3o day retired tag is a situation where the demos we run only last for 30 days, broker situation, not our choice. I would love longer test results. So when the broker retires a demo, we mark is as 30 day retired and create a new demo. I haven’t removed it because people want to know about what it has done over the past tests. As you can tell from the titles we have different versions on them. 3.8.6 is practically the same as 4.4, all did was add the authentication process and wrapup work to it to make it 4.4. The 4.5 is a change in the configurations only that were suggestions from Merlin and his crew helping us to find the optimizations for the products. Which are settings available on the Pro version, not on the Std. This is because some of those settings would require a recompile. Std is expected to be a hands off scenario, while the pro was meant for folks that are hedge fund managers and professional traders to tweak with their testing. Optimization is the name of the game for Pro.

Pairs – We have found 10 pairs that perform optimally with Std, we applied the same pairs to Pro. As for 4.5, we are running with pairs that appear to be more optimized. BarBQu runs on different pair sets as well (not yet released). I am not sure if anyone here has heard of currency rings, but it was a great system that lent itself to hope and pray strategies (strategies with no stop loss). These are 3 pairs that have a primary and secondary relationship to each other and their correlation evaluates to 1:1. This is to say that in a triangle relationship between 3 currency pairs, it becomes a near 1 to 1 relationship in the movement behaviors. If one goes up the other goes down, and the third becomes a counter balance to maintain the relationship of the 3. We are looking into using double currency rings with the latest 4.5 tests.

Timeframe for Scalper is M5, we are testing 4.5 and 5.0 for M1, home timeframe for a true scalper. Yes, we do use specific timeframes and we have tested across several timeframes.

Yes we send out the updates to those it pertains to. It would not make sense to send Professional optimal settings to the Std owners, especially if it utilizes portions of the code that requires recompiling.

I am assuming that the rest of your conversation refers to the way other companies have treated you. I cannot take responsibility for them. As for us, we tried to go the free route, got burnt as well, we are trying to come up with an alternative solution to safely provide demo accounts again, already discussed. As for the Tech support I manage that team as well and sometimes you can actually catch me on the [email protected] alias helping our customers. I like the idea of staying close to the people that can make a difference in how I develop products. If I can understand their situation, I can code it better. For budget purposes we only have 3 people working around the clock in this team, I am the 4th.

Re: Meet the BBW Scalper Designer

I agree with most of the retorts above, so I won't repeat what's already been said. I thought it would be worth mentioning however that BBW is being sold on ebay. The seller claims it is a legit copy however this seller has been on ebay for a long time and everything else that he sells/has sold is pirated. His seller ID on ebay is noordeen84. He most likely frequents this forum. So Mr Larry Hayes you either have a very dubious affiliate selling your EA on ebay or he is selling a pirated copy. You might want to check it out.

That EBay situation is interesting for you to hear about and I am kind of proud of it. The reason is this, as I go out and put out the fires of abuse, I have found skills in the person that warrants attention. This was a pirate that had hacked my code by paying an engineer $250. He then posted it on EBay and sold 3 of them before I caught him. I did my homework, I tracked down his location, country, city, and place of employment. I also found the sources of where he recruited his hacking developer and tracked down that developer as well. Once I had all my homework done, I gathered all the information to have him shut down on all the sites where he was doing business including his place of employment. All I had to to do was to fax the evidence to these businesses and he would have been shut down. To take it a step further, I had also contact a branch of the FBI that works with companies like Microsoft to bring down pirating companies.

So I had this guy by the balls and decided that after all the work I had done, he had a good marketing system and skill. So I contacted him, gave him 24 hours to come clean with me. I offered him an affiliate position for him to work legally with me instead of working behind my back or behind bars. He chose to work with me. Again, wasted time for me, but I gained a good affiliate with talent. If you would rather take his offer that is fine with me as he is on the level now. However, through Merlin’s work with me, I have offered him a better opportunity for you here.

Merlin is the only person that I am allowing that deep of a discount. Now, he is not accepting any commission on his referrals and that is how you are getting your deep discount. The prices he is giving you, is actually our bottom line wholesale price. This allows us to operate and pay our employees. There is no jacking up in those prices. Anyone who has taken advantage of Merlin’s offer is truly getting a deal that is no offered anywhere else in the world. If you find one, you will find a thief not working with me.

Re: Meet the BBW Scalper Designer

Hey Larry Hayes, looks like you guys created an EA with pretty much potential. Congrats for that. I just have one question: Will there be another possibility to register for a demo version? I would love to test your scalper, but after so many crap sold these days, I don't buys anything untested anymore, even if a thousand people tell my how great it works.

As a trader looking for a decent product, there is no doubt in my mind that I support the idea of using a demo. I was proud to offer that to the world because there is no better sales pitch than giving a true product a spin. However, we are under a heavy series of hack attacks, local community included. This is primarily because we let the product out as a demo. So some not so nice folks out there were getting the product as a demo, reverse engineering the code that handles the registration process, or trying to “fake” the authentication process. When this happened, it threatened my ability to pay my employees. I am willing to provide access to my products for the sake of others to achieve financial success, I feel good when I know that someone took some small account and grew it to a large balance and my skills contributed to their success, but, I cannot sacrifice my employees and their hard work to make it happen. So, I am currently investigating with other companies to find a solution that will allow me to offer either a demo or live version to you without risking the very essence that puts food on the table for my employees. I am sparing no expense, I hire the best directly from Microsoft, people I have worked with for several years, that are also active investors. So as you can imagine, their cost of living is not easy to finance. Also, we are not doing this with business investors, the time of the design is coming out of all of our pockets with the hopes that our efforts will be rewarded by you the customer.

Currently, we are investigating a web based access via a VPS system. I am not sure how we can afford to pay for it as a demo and still allow you access to it, but some of my consorts suggested that I provide a membership site. This way, you sign up as a membership on a cheap feel with a small annual, and you can setup up as many demos as you need or want for testing or you can sign up for a live or two. Now there is no limit to the lives, but the demos are going to be expensive to support, I am trying to keep the costs down for us so we can pass savings onto you and you can spend more on your investing success with les son our expenses to provide it to you. This will take some time to iron it out, but my VPS partner just sent me an email stating he has something dynamite in mind for this. I will update the website when I get this ironed out.

Re: Meet the BBW Scalper Designer

I take kindly to developers come down to explain themselves (even thou i think they already have an account registered on this forum where they have no problem taking other peoples hardwork for educational purposes) I don't understand why bring any ea to this forum if you know its going to get educated and protection will be removed so we can really see whats inside and try before buy. Why not bring it to TSD or such? I spend alot of money of various ea's and systems that don't work as developers want to sugar coat it to be. No matter what anyone says, everybody is here because they want to make money and improve that ability through knowledge aquired in this trully miraclous forum. People will help you, but making them pay money for the unfished product is hardly fair. Any serious trader on this forum (and anywhere else) sleeps little and works alot such is our craft and I for one understand it to be normal. I wish you luck with your development and hope that your custumers remain happy and profitable, you should add indicators into your ea to improve the backtesting speed. If you don't know how read this article

http://articles.mql4.com/502

it will make it easier for you and for your testers to come with decent results faster. Good luck.

For one, I never brought this EA to you, I did and do depend upon viral marketing as it is my only true source of marketing. It works and I believe in it. However, I have only posted about my product on the MT4 community site and that was done the day I called for volunteers to be in the beta test team. Those who left that team and went out on their own to provide the viral marketing, well I thank them, however, there is no ties between them and myself. I came to this site for one reason today and that was because Merlin told me that people were concerned about the removal of the Demo and are finding means of being able to do it without my authority. Well, I signed in today, first as a anonymous person, then after I confirmed the situation, I logged in as myself. My intent is not to be deceptive, but to not interfere with the activities of this forum. I identified myself only to eliminate the wrong doings. Now you want to ask me questions, I will tell you what is in the code. See, anyone can steal the code and make it theirs, but like a work of art, they will not fully understand my intents and because of this, they will likely overwrite the most valuable aspect of the code.

So you want to know what is in the dll? It is simple, it is my trigger on when to open a buy or sell based on the signals I have coded. What are those? It is stated right on my web site for all to see. When a candle touches the top Bollinger, it assumes a reverse, the trade is then opened after a confirmation candle and the trade is opened in the opposing direction. This has to align with the cross over confirmation of the stochastic. The linear regression assists me to determine actual cross over point or point of connection with the bands. It will turn sharply upon itself as a confirmation of the reverse. The final piece is the confirmation on the P SARS. That is it. The only other thing in the dll is our process of registering your EA’s with our database on our authentication server.

A s for the commented sections I noticed someone analyzing, I am not sure. I handle the primary coding of the behavior of the EA, my senior dev handles the authentication and VMP wrapping of the code. That code is probably remarked out because I need it when I modify the code or run without the authentication, he does not need it or has moved it to the dll, so he comments it for my later use.

Re: Meet the BBW Scalper Designer

My question is if you know there can be losses to the degree you mention why would you sell

the ea at this time? If I was developing an ea I would use betatesters but not sell it until I knew

100% that it would not create major DD in backtests. I give you credit for

being devoted in developing the ea but the ea should not be sold until there is a sure

fire way to protect against the DD that you are aware of. That is like telling a kid

it is ok to play with one match but not two matches. Either way the kid can get burned. This is my suggestion so do not take it personal but

you should pull the plug on any future sales until the major DD is resolved.

 

Cheers

You assume that all drawdown is an evil thing. However, we are dealing with an altering sin wave. In a constant loop if you will upon a singularity. Repeatedly a currency pair will return to any point of origin that you designate. The key is to find the highest frequency in this behavior If for some reason the singularity moves from that point, in means of a market shift based on the news, eventually it will return to that location. We know this by the behaviors generated from a Bollinger set, a Fibonacci sequence, and strength of support and resistance. To assume that drawdown is bad totally is foolish investing when you consider these factors. Not meaning to degrade you. This is a Bollinger strategy. Because of this, we know that what goes up, eventually goes down. The exception to the rule on the Bollinger is a position shift. 2/3rds of the time, when a shift occurs it will return to it’s previous position. To see an illustration of this, select a 1 hour candle chart in the back testing system. Pick a point on the one hour candle and count how many times the price crosses the same point within the candle, before moving o to the new candle.

I do not willingly submit my clients or even my own money to a careless toss to the wind simply because it feels good to do so. I would not be able to invest for long in the market if that were the case. Nor would anyone else who uses this strategy. The difficulty here is to root out the actual bad trade gone negative against the negative trade in the pattern waiting to return to point of earnings. This is not simple, channels are not perfectly straight, sometimes a trade is opened just above or below a channel border and is not hit until the shift to the next channel or in worse case, shift moves in the opposing direction thus creating the ugly drawdown bad trade that we really do not want.

So now that we further understand the logic behind the trading style of using no stop loss style trading, the question of why has been partially answered. The remaining answer is, we have a 90% accuracy of this event happening, can we the investors not handle the 10% that requires human evaluation? I believe that as a good investor you do have the common sense to look at a chart with an unusual drawdown and evaluate for closure. Meanwhile, you have a system that handles 90% of all trades in a favorable profit.

Re: Meet the BBW Scalper Designer

welcome to the forum.

 

i hope you can gain something from people evaluations and comments of your EA in the thread.

 

the share link in the thread has been removed as per your request.

 

it would be impossible to evaluate the qualities of different EAs without this forum. as you are aware 95%+ are utter rubbish and risk losing people not only their purchase price but their funds additionally.

 

purchasing all the EAs available to find out that most are dishonestly represented would be a very expensive task. as it is i have purchased a number of EAs after being able to evaluate them via this site.

 

reviewing the claims of these EAs and finding most are false allows people to concentrate on those EAs which are well programmed and safe to use.

 

the support your company offers, and effort it goes to in developing the EA further should see any serious user be happy to pay the price for your system; especially as EAs which have been altered to allow review cannot be trusted to operate exactly how the original author intended, and may itself risk your account's balance.

 

thank you for your well worded post. the sharelink has been removed and i hope you can gain some knowledge from people's posts and are pleased your system has generated such interest.

Thank you Norman, I appreciate and understand your position. Thank you also for removing the link.

I would like to take a moment to thank I/I for making this forum available in a way that allows us all to communicate our interests and concerns for investing with automated systems.

Next I would like to thank everyone for having a good conversation and in some cases a debate over our products and what our goal and intention is.

Before I go any further, I need to make a statement directly to those who are in charge of the I/I forums. I would appreciate it if you would kindly remove Birts illegal hack link of our system off of your site. I refuse to support this forum or go quietly while the forum allows a moderator to create a hack of someone else’s hard work. Un-ethical, immoral, and bad business.

Another attempted hack of our products and I will simply stop making it available. My partners and I will be better off without thieving. We do well on our own investments of the system does well enough, we do not need to sell it. We have a staff of employees handling the design, testing, analysis, marketing, tech support, registration, We could cut our expenses by not making this product available. Personally, this is the second hack we have faced. The last one is being brought under international scale charges and we are working with the FBI to handle that. So, at this point, it is cheaper for us to pull the product and everyone here and elsewhere would be at a loss of a decent trader trying to help other to make money.

For me, it is not so much making money off of you, it is the fun of seeing so many successful people now if it is going to amount to me having to waste my time and company resources chasing down thieves, then would rather take it off the market and only offer it to those I can trust.

Now, with that out of the way, let’s talk about the issues you have brought up.

I would like to open this up for anyone to ask any questions you want, I will try and do my best to answer them to the best of my ability.

Please note, I am not here to make a sales pitch, I am here to address concerns and issues with our products. It is impossible to improve a product without decent feedback, so I am interested in addressing the needs of the customers, potential customers or even those who do not approve of our technique of addressing the market. Everyone is entitled to their opinion and I have read a considerable amount of it. I thank you whether it was in favor or not of my work.

When I designed the system I did, it was for me and a group of friends that enjoyed trading in the Forex. Of course someone comes along and suggests, hey this is decent, why don’t you sell it? So I gave it some thought. I then went to several MT4 sites and recruited beta testers. Merlin was among them. I have found his resourceful knowledge very helpful in considering all the issues that might come into play with the forex market. In doing so, he forced me through several iterations of the code. I had to retain a staff of developers and testers, I begged and borrowed every machine I could access to start testing. Now this product became a thought back in January of last year. By November of last year, Merlin and his team of hedge fund testers, along with mine were finally happy with the final product. I took the next step and obtained partners to help me build the business. We put the product out in December as a demo with option to buy. In January of this year, we found that some people were accessing demo products for illegal use, we had to pull the demo to prevent this. I had to pay people to help build this system, it wasn’t right to have someone steal it and sell it for more than $700 less than our retail price, because of this, you miss out on being able to test drive it for free. For this I am sorry, however, I cannot pay my employees if I cannot put a price on the value of our products.

As you can see, just as we are getting started, people are hacking us forcing us to take drastic measures to protect everyone’s investment, ours and yours.

In my opinion, you have paid much more than $150 USD for rip off products, what is wrong with paying a measly $150 for one that is devoted to being successful for you. There is nothing more insane that to listen to people who are loaded with cash and wanting someone else to do their work for them, but they complain when it comes time to pay for that service. Bottom line, it costs me money to chase down the hackers, pay expensive cryptologists to stop the hackers, and still provide you with a team of support engineers who are professionals in the software industry, which runs approximately $100k annual. That is what I have put into this for you. Now what is wrong with coming to the table on a trial basis to test the system? Only you know that answer.

Sorry, I felt the need to ventilate.

Now, I really enjoyed the banter with Stic, he was pretty persistant in showing how back testing showed our system as a failure. Now for Stic’s benefit, I would like to address his back testing results.

Yes, Stic we have had the same kind of results in back testing. However, back testing does about 3 to 6 months, depending upon how much back test data you have applied. So, the performance of the automation looks good until you have a drawdown and run out of back testing data. Is it the fault of the automation or lack of data? Due to the results and testing we have performed, we have been able to narrow down the belief that due to lack of back testing data to prove out what happens to the open drawdown is not conclusive. This is to say that until you run out of data, the back testing works.

You can determine bad back tests by running it on a pair where the closure of the test is long before the line reaches the end of the chart. Another way is to observe when a drawdown kills the balance long before the back test completes.

We know this because there are many pairs where this is the case, thus we did not recommend them, instead we chose to use the ones with optimal earnings on the back testing that also performed extremely well on the front test.

Stic I do appreciate and understand your issue with trading without a stop loss or some method of eliminating open drawdown trades. We are striving very hard to come up with a solution for this. We are not comfortable with this either. Now Merlin on his own came up with the concept of closing the basket of open trades at the end of the week. Yes we do have a feature called Trimmer that can assist you with doing this. Simple, how many 5M candles are there in a week? Now add that number to the candle count value for the Trimmer. Now you have solved the problem in a Merlin fashion.

What other methods have we come up with in the released version to assist you? Well, you could use the stop loss feature itself. Just because our testers and analysts have not come up with a profitable value for it, does not mean that you cannot. How about the break even spread, you could cut down on risk of losers with this feature, but you will also cut some of your potential earnings as you set a force that the trade must be absolutely right the first time out or you’re out of luck. It helps, but still there are drawdowns. Then there is Cash Collector, which allows you to wrap negative open trades with profitable winning trades.

We control the number of trades per pair, we control the number of pairs, we control how much drawdown you are willing to take, we control how much of your margin we will allow the broker to risk, before the broker makes a margin call. These settings are 100% controllable by you in the pro package. We created a standard package to prevent beginners from taking additional risks of over leveraging their account by changing these critical settings, which would in turn generate a potential margin call.

You can control the drawdown simply by setting the DrawdownProtection, let’s say you don’t want a drawdown worse than 50 pips negative, then just apply that value to this feature and you will notice that the account stops opening new trades at this level and returns to trading when the value is below your setting.

Because we could not set a stop loss that would not harm your account, we decided to control the flow of the trades based on the condition of your account. There are several techniques for this and I noticed that Merlin mentioned many of them. Or web site mentions even more.

The problem with a stop loss is that as a scalper the trades are too small to be profitable enough to go against a single stop loss trade. If there is anyone out there willing to assist with helping me to devise a stop loss system that works, I will work with you on it. Until then, we are choosing to go with a current system that works.

This product is totally customizable, you may come up with a method to deal with it that we have not considered, feel free to let us know what works for you.

All else fails, there is always your ability to use your head. We protected your account so that you can sleep through the night without worrying about a margin call, or overleveraging, can you evaluate a trade on a pair and make a sensible decision to close an obvious loser that isn’t coming back anytime soon? In other words, sleep when you need to, kill bad trades when you see a chance to do it and not risk your earnings. This system is not designed to take big money, big trades, but it was designed to protect your account from being wiped out. This buys you the time to make good decisions.

Just out of curiosity, when you see a bad trade on a 1M or 5M, does it still look bad on a !D or 4H? Think about this when you are thinking about whether or not to cut a trade, the larger scale may prove that this is a temporary issue before the longer trend on the larger timeframe shows it going your way.

There are more than 16 features in this system that allow you to control the scenario that works for you. In addition, I am working night and day, don’t believe me, ask my wife, my company employees that put up with me, or even partners like our beta testers, I have been up around the clock grabbing catnaps at market lows to determine better solutions to our problems. I won’t say we are the perfect product, but I can say that we are doing everything in our power to improve your performance while trying to eliminate the drawdown’s. It just may be a flaw in our product that you may choose to manage. Our current testing is trying to close the open trades based on equity and balance conditions, and we are testing a channel tool. If the price breaks out of the channel in a direction that results in a negative trade, we close the negative trade as the price exits the channel. Again, we are trying very hard and welcome your support to assist with solving this problem.

With that, I open the conversation for questions. I will do my best to answer them.

Thank you

Larry Hayes

CEO – Investors Haven