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Sir Lancelot


Elma

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Re: Sir Lancelot

 

Here is the author's Forward Test: Looks good so far.

 

 

http://www.myfxbook.com /members/Pheniox/sir-lancelot/1806

 

Although it does look impressive so far, That open trade is kind of scary.

 

Open since Sept 30th 2009 now showing -442 pips -$3704.

 

Sounds like he has a massive SL that would eventually kill the account.

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Re: Sir Lancelot

 

Although it does look impressive so far, That open trade is kind of scary.

 

Open since Sept 30th 2009 now showing -442 pips -$3704.

 

Sounds like he has a massive SL that would eventually kill the account.

 

He actually runs version 1.0 without any SL.

And given his current account size, that Floating DD is actually quite acceptable.

Thanks for the kudos...much appreciated!
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Re: Sir Lancelot

 

Can someone please reupload Merlin V 2.0 (educated)+ Merlin V 1.0 manual as te link above is dead.

 

Thanks in advance ^:)^

 

 

You can get Merlin free simply by going to the support forum on site....

 

 

It has never made any profits, was never designed to make profits, and was supplied for those new traders that have no experience with robots, so that they could get used to how a robot trades, on multiple currencies..

 

Way too much fuss for a free program i think.

 

Will be happy to see if someone can get it to actually make consistant profits.

 

Just my two cents worth

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It looks like another one of these quick profit takers and if a trade doesn't pan out, put your head between your legs and hide until the losers come into fruition or just bail the account balance.

 

If you look at the Lancelot stats, you'll see that the EA has currently made around $34k, but the open trade drawdown is $-8.2k.

 

That sucks.....There are plenty of systems like this and they all eventually dwindle into the red unless you're literally all over it, in which case you might as well be just manually trading. I realize he has some kind of cult thing going over there on his forum and that's great for him maybe someday he will move to a compound in Guyana with all the money he is making on his overpriced EA's that don't work, in terms of the other ea's Ive messed with them myself and under recommended settings and I couldn't ever get anything close to the results he's posting on his site, as most people cant. Not a clue what he's doing.

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