Forex Robot World Cup

[hyperdimension]

Re: Forex Robot World Cup

 

- reducing the sl of 210

There is a possibility that it's using a hidden stop-loss that is much smaller that what is submitted to the broker.

[MetaCrazy]

Re: Forex Robot World Cup

 

I monitored the Rider EA closely. One time i saw the position go into drawdown as much as 175 pips.

[han]

Re: Forex Robot World Cup

 

Hi everybody,

 

I also noticed the closed trades with profits, and saw something suspicious as follows:

 

1. How come the robot closed a buy order at the price HIGHER than the Take profit, and closed a Sell order at the price LOWER than the Take profit?

For example: Buy 1.40005, take profit 1.40225, but closed 1.40235 ?

Or sell 1.43006, take profit 1.39886, but closed at 1.39874 ?

 

I am sorry that I did not take down the exact numbers, but the example is like above. How can this happen to an EA?

I think that an EA should close the order at the price LOWER than take profit of Buy trades, and close the order at the price HIGHER than take profit of Sell trades. This is more logical, right ?

These happened to many trades of the first top EA and Hirider EA.

2. Unless they sell via Clickbank, I believe nobody will dare to buy their products without 60-day money back guarantee.

Regards,

Han

[bob380]

Re: Forex Robot World Cup

 

possible by slippage i think, but i also have seen that

 

Hi everybody,

 

I also noticed the closed trades with profits, and saw something suspicious as follows:

 

1. How come the robot closed a buy order at the price HIGHER than the Take profit, and closed a Sell order at the price LOWER than the Take profit?

For example: Buy 1.40005, take profit 1.40225, but closed 1.40235 ?

Or sell 1.43006, take profit 1.39886, but closed at 1.39874 ?

 

I am sorry that I did not take down the exact numbers, but the example is like above. How can this happen to an EA?

I think that an EA should close the order at the price LOWER than take profit of Buy trades, and close the order at the price HIGHER than take profit of Sell trades. This is more logical, right ?

These happened to many trades of the first top EA and Hirider EA.

2. Unless they sell via Clickbank, I believe nobody will dare to buy their products without 60-day money back guarantee.

Regards,

Han

[bob380]

Re: Forex Robot World Cup

 

 

that's true , but i don't think so.

the other method (with the sl of 100) has his losses with the full sl

further when you map the trades against the tick date you see huge drawdown while a trade is open

without an early close.

 

the daily range of EU pair is about 150 pips, accosionally going a little over it.

so the trade has all the time to come back to profit.

 

but finally a SL will hit, leaving you with a 45% drawdown

which is something you really do not want.

 

i don't think they have soma valuable EA in their hands which is worth my money

(not even $97)

[bob380]

Re: Forex Robot World Cup

 

HIRIDER, the results looks better then the truth.

 

Looking thru the trades we see that the SL of the trades of method1 (sl=210) was never hit.

 

In the long-term this is not going to happen.

And we not even mention that in the long run, you will on a certain moment have multiple losses in a short period. (second loss before you recover from the first loss.)

With a sl of 210 you need the next 18 trades to win to breakeven with your loss

 

We can conclude that for reliable results the trading period of 2 months was too short.

 

When a SL of 210 would have been hit, this would have resulted in a drawdown of 45%, which is something you really do not want to happen to your account.

 

Remember, the higher the drawdown the more difficult it becomes to come back.

Have a loss of 10% you can recover with a win of 11%

With a loss of 45% you need a win of 80%

 

Another problem with contests as these; is that you write an EA to catch the price money. (cq be a hero or go bust)

[bob380]

Re: Forex Robot World Cup

 

everything seems in place to sell this 'forex robot world crap' for us$ 999

 

https://secure.plimus.com/jsp/buynow.jsp?contractId=2642786

 

 

=)) not in a hundred years !!

[sedoley]

Re: Forex Robot World Cup

 

it's really annoying to see these happening in this era X-(

[pipslovah]

Re: Forex Robot World Cup

 

I agree with most.. HiRIDER is the most stable EA demonstrated, with minimal drawdown as compared to the LMD-Multicurrency and seems to be most consistent. I can't wait to get my hands on a copy and see what it really does with my very small minimal account. my only concerns are what are its true requirements and how does it operate? I want to know what is under the hood with an EA such as this.. and how long will it last/ what are the ideal conditions for running this EA and how it would handle with central bank interventions and the like..

 

- eager waiting...

[yasenp]

Re: Forex Robot World Cup

 

What's gonna happen in the near future is FapTurbo team(the main puppeteer) will be making millions out of this clever marketing event known as FRWC. Nobody else will make money in the long term with these "top" robots. I don't even consider wasting my time with these holy grails.

[awsl]

Re: Forex Robot World Cup

 

http://www.whois.net/whois/forex-megadroid.com

 

MD, Fap and FRWC's site owners are one and the same person/company.

 

 

 

what yasenp and Bob mentioned could be right. could it be a possible they cook up a good story to sell more EA? :?:

 

looking at the heavily edited so-called "live result" of UsdBot, could the Forex World Cup actually fake all the live statements to generate interest to sell a couple more of the EAs they have taken and package from codebase?

 

what do you think folks? Forex Robot World Cup real or fake? how to verify there are actual real participants and the results?

[bobtom55]

Re: Forex Robot World Cup

 

The SL is way to huge. Perhaps if it were to signal a Buy Signal at 1.4730 EUR/CHF for example....the Strategy should wait for it to retrace to the average "Adverse Excursion" .....meaning if the average of these trades goes against us by 100 pips, then we would Buy 1.4630. We could then set our TP at 1.4730 the original Entry Signal Price and set the SL at 1.45802 . This would give us a 2:1 ratio ....so would need to win 33% of time to break even. In order to do this it would have to be determined what is the average adverse excursion of the price.

[manganate]

Re: Forex Robot World Cup

 

Forex Robot World Cup real or fake? how to verify there are actual real participants and the results?

 

Here is another problem. Their video claims that they chose the biggest and most respected broker (FXCM =)) ) and Boston Technologies, for complete independence.

Sorry, but one broker is not enough.

There should be at least 3, all ECN, all 5 d.p. and in different parts of the world.

If they then argue costs of running accounts, they should cut down the number of competitors to a third.

 

A truly good EA must be robust as well as slowly profitable over at least 3 month and, for competition purposes, at different times of the annual financial cycle.

 

HiRider's reported performance should only indicate that this EA may be suitable for further rigourous testing, not that it is ready for selling. :)>-

[Karsus]

Re: Forex Robot World Cup

 

Ouch on the 210 pip vs. 12 pip TP so 1 loss trade = 17 profitable trades. I think it has traded more than that so far.

 

Practically, I think you can make an EA that should be profitable with that kind of SL, without too much work. That kind of system will win often enough even if you have no entry logic, so its really a matter of avoiding conditions where it would be likely to die. I might just try building something like that at some point.

 

I've been building an EA for myself lately but I like my R/R per trade being more reasonable. Perhaps I'll sell it once its at a decent level :) (what can I say - unemployment and decreasing savings can be a bit of a problem :) )

Too bad, I don't really see it hitting profitability much over 20% per month at its best - while keeping the drawdown reasonable :P

[hwang ti puh]

Re: Forex Robot World Cup

 

Any1 bought the EAs?

[dinj]

Re: Forex Robot World Cup

 

I think this clears the scam doubts:

Here's an article from donnaforex website, where she claims she asked for access for the broker account details and verified they were truth and live accounts:

 

http://xxx.donnaforex.com/featured/forex-robot-world-cup-live-accounts-verified/?awt_l=EQXOR&awt_m=1g617Q4GihbmWG

 

She gives a nice review on it.

[bob380]

Re: Forex Robot World Cup

 

I think this clears the scam doubts:

Here's an article from donnaforex website, where she claims she asked for access for the broker account details and verified they were truth and live accounts:

 

http://xxx.donnaforex.com/featured/forex-robot-world-cup-live-accounts-verified/?awt_l=EQXOR&awt_m=1g617Q4GihbmWG

 

She gives a nice review on it.

 

although i also think it is NOT a scam, this doesn't ensure us the quality of the EA's

for some the 2 month trading period was certainly not enough. They will only their thru validity over

a longer period. when you in this period never have a loss in a certain method that's great, but finally it will hit.

in such a short period you will not know how profitable it is. will the loss hit once a year or twice or ...

The second method within HIRIDER had no loss at all in these 2 months. The last thing a trader wants is 2b hit

by a not expected drawdown. something what a sl of 210 pips will bring.

[onemore]

Re: Forex Robot World Cup

 

if you look at the statement you will notice hirider has an internal stoploss built in. i think its a solid robot, and i will give many kudos to he who posts it in this forum.

 

also may i remind you these bots have been backtested over a period of 2 years?

[4xinvestor]

Re: Forex Robot World Cup

 

LMD-Multicurrency

http://www.forex-robot-world-cup.com/

 

Will this be the most sought after EA out there?

I'm sure it's going to be a hot topic in here pretty quickly

 

@-) =D>

[onemore]

Re: Forex Robot World Cup

 

well i can't wait to get my hands on it. Just hope somebody will post it soon.

 

 

btw, about hirider, does anyone think we could run it on a 100$ acc. for 440% gains monthly, considering the low drawdown?

 

what are your thoughts on this?

[revan]

Re: Forex Robot World Cup

 

440% where did this figure come from?. It made 44% a month

[Stormin_Norman]

Re: Forex Robot World Cup

 

440% where did this figure come from?. It made 44% a month

 

10 times the leverage.

 

closed trade drawdown is a very different figure to floating drawdown.

 

two months live running is still a short time of testing.

[Cyrillic]

Re: Forex Robot World Cup

 

LMD-Multicurrency had an 800$ drawdown from the intial win of 3300, whille the second place made 88% with 3% dd, now the second ea i would be interested in.. Whats interesting is that they were able to trade 0.01 lots with fxcm mt4, even thou on my live i cannot do such a thing...

[onemore]

Re: Forex Robot World Cup

 

good point. they are not posting floating trade drawdown?

 

i'm going to mail them about that.

[MetaCrazy]

Re: Forex Robot World Cup

 

i saw the 2nd rider ea have 175 pips loss on each of the 7-8 trades at the time. the SL is 210. this guy was risking 60% of the account on the opened group of trades. there where other trades which opened the smaller 0.01 micro lot with about 100 pips SL.

 

black swan event waiting to happen.