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qvintus

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Posts posted by qvintus

  1. Another BS Asian EA. Cousin of FapTurbo it seems. Large SL, small TP.. you know the story. There are many of these to choose from in this forum. Personally I think it is a (BWOT - big waste of time) but you make the call ;)

     

    Where did you see the SL? Average SL seems to be 31.24pips. And average win 10.6pips in that myfxbook link. I think that´s not so high SL.

     

    This is with broker Alpari: http://www.myfxbook.com/my/members/mt4forexea/mt4forexea-alpari-1/79384

  2. Might not be worth educating it. It has special code to avoid about 150 different trading days in the last 10 years (just for backtesting purposes of course). Obviously, it had some major problems on those days. We all know that more days like those are coming...

     

    This is a post from another forum, a mail with an answer from easystems regarding that code:

     

    QUESTION:

    Hello Forexeasystems,

     

    I am a happy customer and purchased the EA Shark 6.0 and also the EA Shark 4.0. Both systems doing quite well and paid itself already many times. I am also a member from donnaforex trading community where users discuss settings and share trading results from the EA Shark 6.0. Yesterday, one user claimed that there is something wrong with the EA Shark 6.0 and that the results are manipulated.

     

    "Approx. 40 times in last 10 years this EA has self destructed or come close. So around every 3 months this will lose big time."

     

    Link to post: http://www.donnaforex.com/forum/index.php?topic=2810.msg61624#msg61624

     

    My questions:

    Is such function included and if yes, why?

     

    I paid in summary 538.00 USD for your systems and I hope I get a clear, straight answer. If the feature was added to manipulate results I wish to get a refund for both system according to your refund policy. I am really more than tiered to get another time ripped off.

     

    Your earliest response is appreciated.

     

    Regards

    X

     

    ANSWER:

    Dear X

     

    Thank you for your Email.

     

    As you might know mechanical trading systems run profitable during certain kind of trading conditions. When the conditions change dramatically the system will fail and lose money. There are hundreds of trading systems which worked very well before financial crisis and then failed. Also Shark 5.0 wasn’t an expectation. Simple reason: Every mechanical system will fail. Some sooner, some later.

     

    We learned our lessons and when we started to develop EA Shark 6.0 we always kept in mind that the system will run only profitable in the long run when we analyze a large number of data which can affect the trading conditions and develop a flexible logic which allows the system to adjust itself. Shark 6.0 uses inter market, macro economic, correlation data from indices and major currency pairs, financial news incl. historical results and forecast, and statistical arbitrage data to determine actual conditions and forecast possible changes. For short: When the trading conditions change, the system will change with them.

     

    Take a look to the last 3 months. EUR crisis because of Greece and Ireland. The volume increased and the volatility as well. Now take a look to the trade activity from the EA Shark 6.0. You will see the system adjusted itself and increased the number of trades by two times.

     

    That as basic information. Now to your question:

     

    My questions:

    Is such function included and if yes, why?

     

    Yes. Client version gets all data from our server and don’t includes the data libraries. During forward trading it works like this: The server collect and analyzes all data in real time. If the conditions are not clear or going to change trading will be disabled till enough data are collected for automated parameter and logic adjustment. Historical dates where such situation appeared are hard coded in the front file (ex4) from the client version to speed up the process of testing on the client terminal. When the data would be requested and analyzed in simulated real time mode mostly clients wouldn’t be able to run tester because of high technical requirements. And those who uses very strong machines would need to be very patient as testing would need really long time.

     

    This would be of course not acceptable and from this reason these days are hard coded in the ex4 file. There is nothing to hide or wrong with or do you really think that we would “hide” something in an ex4 file which can be decompiled from everybody who own a decompiling script what costs on Russian forums 10 USD?

     

    If from some reason you are not 100% satisfied with the system, let us know. We will then disable the license and process the refund.

     

    Best Regards

     

    Team ForexEASystems

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