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REQ: Forex Robot NO Loss

swift

By swift
in MetaTrader Expert Advisors Request

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fxeasy5 Newbie

fxeasy5

Posted
Posted

Re: REQ: Forex Robot NO Loss

 

Here is the open version, complete with manual, templats etc.:

http://sharebee.com/38fba37a

Password:

[spoiler:41c8b0y2]indo-investasi8[/spoiler:41c8b0y2]

 

Enjoy and please give kudos. :)

Thank you.

 

BTW, there are 2 threads already for this EA:

http://www.indo-investasi.com/viewtopic.php?f=36&t=6218&start=10

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semaun Newbie

semaun

Posted
Posted

Re: REQ: Forex Robot NO Loss

 

Received an email regarding about this EA:

 

As you know Expert4x has also bought the Robot (we are a customer too) and we are busy trading it and here are the findings so far ( We have only been testing for 3 weeks so the results are encourging but not that reliable yet):

 

# We are testing the Robot using 2 different MetaTrader brokers (and both systems are nicely profitable

 

* +1110 and +682 pips up since starting the testing after taking open deals into account

* Closed transactions are in fact currently +1665 and +1372 pips

* Based on a $20,000 account the above returns equal a +50% return on our trading accounts in 3 weeks. It is still early days but the results are very encouraging.

 

# No broker is better than the other - we are just using slightly different approaches to the trading and have started at different times - We are using Alpari and MIG but most MetaTrader brokers will do.

# On the Alpari system we are have made changes to the normal rules: We are closing deals that have a large negative balances (300 pips) manually. This is against the no loss philosophy but it reduces risk considerably and free's the currency for more deals. Not sure if this is good but it seems to be reducing risk. It has produced worse results todate.

# You have to use as many currencies as you can as the Robot seems to have a hedging benefit when trading the short term and long term trends. We are using 12 currencies which is the most the Brokers will allow. We would like to trade 18 currencies and may move to this next month. The more currencies the better as this reduces risk. We suspect that if you use 1 to 4 currencies this Robot will fail as you lose the "hedging" benefit.

# To offset the number of currencies and apply good risk management we use lower lot sizes so it is still as if we are trading 1 or 2 currencies.

# We are trading the default setting so we have not done anything special to the Robot. Installed it with the downloaded settings.

# The start time and date seems to factor resulting in different results being achieved by the various users of this Robot. It does however appear that the longer you trade it the more your risk is reduced as the robot is consistantly is cashing in positive deals.

# The indicators that come with the Robot can be used very effectively on their own without even using the Robot. For us, they align all the trends of 12 currencies on 8 time frames. A bit like the WATO system that aligns 3 currencies in 3 time frames. That what we like - it trades according to our philosophies. Some of our WATO traders are actually using the indicators to trade WATO manually.

# We are using 2 old laptops which stay on 24 hours a day to trade the Robot. We switch them off over the weekends.

# We have had very positive feedback from our client base with reported results very similar or better to those we are achieving - results differ according to the time and date the Robot is activated, the spreads and currencies used.

We can not supply any further information what has been stated above at this stage but hopefully this will help (please bear in mind that we are not a support or help desk for this service as we are a customer of this Robot).

Indicators, EAs, Signals. Pilih Manual atau Auto?
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Indo-Investasi.com, is since 2008, one of the prime online destinations for information and discussion about forex trading, and online investments.

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