(Req) Rhapsody EA

[halcyonn]

Can some forum mentor do a critical analysis of this ea from this site?The main EA seems to have made 1250 pips over a month with at least a dozen trades for 200 pips each time.the eurjpy pair has an astounding 4.81 profit factor with gbpusd profit factor at 2.0 and gbpjpy at 2.97...

 

the guy seems to have hit paydirt..or is this another scam

 

 

Total return: 120.73% [Net profit as a percentage of gross deposits]

Banked return: 125.20% [banked net profit as a percentage of gross deposits]

Per day: 3.76% Per active day: 4.14% [Compound daily return, but only including the number of days on which trades were closed.

Per week: 20.26% [Compound weekly return leading to total return]

Per month: 117.04% [Compound monthly return leading to total return]

 

 

 

hxxp://titaneasforex-wealthmanager.blogspot.com/

 

Find our EAs work below to select your choice of wealth building forex.

 

 

http://www.mt4i.com/users/rhapsody

 

Rhapsody EA for forex trading has made 1200 pips this month and it is still going strong to pile up profits.Accounts welcome from all over the world.Further Advice on setting up accounts can be had by writing to [email protected].

 

We,only trade your accounts while you keep control of all funds in them on 30/70 High WaterMark profit sharing month on month.

 

 

http://www.mt4i.com/users/titanea

 

This is two EAs at work to make a consistent 10 to 15 percent profit each month for the clients in a safe environment,Safety,which is a much sought after factor in forex wealth building.

 

[email protected]

[Stormin_Norman]

its a martingale. best time to use one of them is when its someone else's money - which is exactly what they do.

 

30 winning trades.

83 losing trades.

 

nothing worth seeing here imo.

Edited April 3, 2010 by Stormin_Norman

[halcyonn]

Stormin Sir,its no martingale that's certain.i only minutes ago posted a martingale EA on the forum which has 87 percent winning ratio.martingale have a good ratio of winners more often and the only time when they don't win is when there is a margin call.

 

there is nothing in the positions which has any of the hallmarks of a martingale.there are winners and losers.only one trade at a time and there are,as i counted once again,18 trades with 200 pip profits.that 3600 pips in winners and all this in about 30 days.as is evident there are losers too but only one loser is minus 200 pips all others are smaller.

 

there is no adding up to a losing position even once and there are stops on the single open position i see and on most closed positions too.

[Stormin_Norman]

Stormin Sir,its no martingale that's certain.i only minutes ago posted a martingale EA on the forum which has 87 percent winning ratio.martingale have a good ratio of winners more often and the only time when they don't win is when there is a margin call.

 

there is nothing in the positions which has any of the hallmarks of a martingale.there are winners and losers.only one trade at a time and there are,as i counted once again,18 trades with 200 pip profits.that 3600 pips in winners and all this in about 30 days.as is evident there are losers too but only one loser is minus 200 pips all others are smaller.

 

there is no adding up to a losing position even once and there are stops on the single open position i see and on most closed positions too.

 

have another look:

 

http://www.mt4i.com/users/titanea --on the very first set of AUD trades you can see it.

 

http://www.mt4i.com/users/titanea/stats --change the graph to cumulative pips per day. its losing pips, nicely going down down down. how can it be losing pips with constant ease, but its balance be going up? martingale.

[halcyonn]

Stormin Sir,you are absolutely right about the titanea but i am talking about rhapsody!

 

its this rhapsody one that interested me for its very large wins and a dozen and half of them.the other ea is just another ea or two as their page mentions i guess.

 

thanx for the kind reply!Can you kindly look into rhapsody stats once again for this is what i wished to be seen and analysed.can you give some insight?

[Stormin_Norman]

oh yeah, i didnt realise they were different systems - just thought they were the same system with two different users. be interesting to see how it went in backtest, especially in ranging markets.

[saendee]

If U want to LIFE on the KNIFES EDGE fortunately they won some nice trades BUT EA only won 29 trades from 113 & lost 84 IF thats 4X trading then leave me OUT

[Stormin_Norman]

If U want to LIFE on the KNIFES EDGE fortunately they won some nice trades BUT EA only won 29 trades from 113 & lost 84 IF thats 4X trading then leave me OUT

 

actually saendee, that is more like how forex traders do trade, with good risk reward - losses cut and profits allowed to run.

[halcyonn]

Yes Stormin Sir,this is what i was thinking too.it does look good with no martingale strategy and some 18 wins of 200 pips in a matter of 30 days,one lot at a time.i surely wish to get my hands on it.can some friends write to these guys and see what kind of ifo can be had.if the ea for sale too or its just the managing affair?

[halcyonn]

these look as strong as before despite all the volatility in the markets.both are up since i saw these last.