MAN1492 Posted June 7, 2010 Report Share Posted June 7, 2010 Hí guys , I found what it seems to be a very good scalper here is the web : www.smart-scalper.com small drawdown , and a smooth equity growing curve . Anyone who can share or has experience with this EA ? Thanks , Quote Link to comment Share on other sites More sharing options...
forexmacc Posted June 7, 2010 Report Share Posted June 7, 2010 It had only 1 trade so far, else is backtests - not very useful. Quote forexmacc.mt4live.com Link to comment Share on other sites More sharing options...
favoured111 Posted June 7, 2010 Report Share Posted June 7, 2010 It had only 1 trade so far, else is backtests - not very useful. Please share with us. thanks Quote Link to comment Share on other sites More sharing options...
mograst Posted June 8, 2010 Report Share Posted June 8, 2010 please share.. or you just ADV ? Quote Link to comment Share on other sites More sharing options...
hawkfx Posted June 16, 2010 Report Share Posted June 16, 2010 Could you share to us? thanks! Quote Link to comment Share on other sites More sharing options...
mograst Posted June 16, 2010 Report Share Posted June 16, 2010 uhm... another selve promoter here... Quote Link to comment Share on other sites More sharing options...
JasonKwok Posted June 16, 2010 Report Share Posted June 16, 2010 Noticed that the risk reward ratio is 1:1. After a losing trade, it will enter the next trade with twice the lot size of the preceding losing trade. We saw 0.01, then 0.02, then 0.04 and then 0.08.... Once the trade is a winner, the lot size for the next trade will resume at 0.01. Guess this multiple lot sizing should be configurable. The price tag of USD 349 with one year free update is a bit pricey. We did not notice any 30 or 60 Days refund. Please share if you have, thanks. Quote Link to comment Share on other sites More sharing options...
hyperdimension Posted June 16, 2010 Report Share Posted June 16, 2010 Noticed that the risk reward ratio is 1:1. Are you looking at a different EA? Take profit distance = 10 pips Stop loss distance = 150 pips After a losing trade, it will enter the next trade with twice the lot size of the preceding losing trade. We saw 0.01, then 0.02, then 0.04 and then 0.08.... Once the trade is a winner, the lot size for the next trade will resume at 0.01. Guess this multiple lot sizing should be configurable.I don't see this trade size progression. In the backtests it's 0.3 lots, becoming 0.4 lots as equity increased. Are you looking at the same EA? Quote Link to comment Share on other sites More sharing options...
JasonKwok Posted June 17, 2010 Report Share Posted June 17, 2010 (edited) Are you looking at a different EA? Take profit distance = 10 pips Stop loss distance = 150 pips I don't see this trade size progression. In the backtests it's 0.3 lots, becoming 0.4 lots as equity increased. Are you looking at the same EA? O dear, I was looking at their Tortoise 2.1 EA. So embarrassing. :-) They are willing to let me have the Investor Password to their live account if I insisted. Looks good. Edit: I have started a new thread on their Tortoise 2.1 EA. http://indo-investasi.com/showthread.php/7101-Tortoise-2.1-EA?p=80975#post80975 Edited June 17, 2010 by JasonKwok Quote Link to comment Share on other sites More sharing options...
loui_odeh Posted July 12, 2010 Report Share Posted July 12, 2010 do anyone has it guys?! Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted August 14, 2010 Report Share Posted August 14, 2010 has anyone come across this EA? forward test: http://www.forexpeacearmy.com/metatrader_expert_advisor/smart_scalper_ea/demo website: http://www.mqlhome.com/default.asp?app_id=0012&news_id=1 Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
MetaCrazy Posted August 14, 2010 Report Share Posted August 14, 2010 two things that concern me about it 1. TP is 10 and SL is 150 2. there is backtesting only from jan 2010 Quote Link to comment Share on other sites More sharing options...
Abdulisback Posted August 14, 2010 Report Share Posted August 14, 2010 its an account blower,, anything that uses such missed up ratio is a loser. The fact they have only presented less than a year backtest means that they are hiding the rest. If this EA does backtest good for a longer time period, then they would have diffenately posted the rest of the results. Quote Link to comment Share on other sites More sharing options...
rolando Posted August 14, 2010 Report Share Posted August 14, 2010 (edited) this EA looks good.... Edited August 17, 2010 by rolando hawkfx, pyrron, shivadp and 8 others 11 Quote Link to comment Share on other sites More sharing options...
noone Posted August 14, 2010 Report Share Posted August 14, 2010 (edited) Is that educated rolando? what should we use: the "Smart Scalper 1.1.3 Hidden SL" or the normal, on a ecn account? Edited August 14, 2010 by noone Quote Link to comment Share on other sites More sharing options...
shag1 Posted August 14, 2010 Report Share Posted August 14, 2010 (edited) I was under the impression that back-testing has little meaning? That only true demo/live forward testing is the true measure of performance? Since any testing is generally no way indicative of future performance. Shagin its an account blower,, anything that uses such missed up ratio is a loser. The fact they have only presented less than a year backtest means that they are hiding the rest. If this EA does backtest good for a longer time period, then they would have diffenately posted the rest of the results. Edited August 14, 2010 by shag1 Quote Link to comment Share on other sites More sharing options...
azam575 Posted August 14, 2010 Report Share Posted August 14, 2010 Backtest doesnt mean anything.... forward test is the best method to test the EA :D Quote Link to comment Share on other sites More sharing options...
halcyonn Posted August 14, 2010 Report Share Posted August 14, 2010 Azam if i am guessing right you are a senior member at TSD..wonder why you would consider backtests meaningless! Quote Link to comment Share on other sites More sharing options...
halcyonn Posted August 14, 2010 Report Share Posted August 14, 2010 getting the following error on backtest for one of the indicators...any ideas? Quote Link to comment Share on other sites More sharing options...
MetaCrazy Posted August 14, 2010 Report Share Posted August 14, 2010 i agree. however, one function of back tests is to see if an account blows. i have yet to see an EA which blows in a backtest not blow in a forward test. backtesting this EA is like watching paint dry. could someone explain why some EAs backtest very slow? Quote Link to comment Share on other sites More sharing options...
rolando Posted August 14, 2010 Report Share Posted August 14, 2010 Is that educated rolando? what should we use: the "Smart Scalper 1.1.3 Hidden SL" or the normal, on a ecn account? this version is working fine on a demo or in a real account.... but it dont backtest verywell because of the indicators.... you can read a lot of comments about this EA in the forum of Myfxbook.com: http://www.myfxbook.com/members/MQLHome/smart-scalper-11/34421 Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted August 14, 2010 Report Share Posted August 14, 2010 This EA is a mini Tortoise the martingdale EA that they used to sell and recently was pulled of because clients kept blowing up their accounts. This is not as risky but is has considerable risk. It open a position with 150 pip SL and if the market goes against it it opens another position with same lotzise and same SL. This is fine and dandy but if the market keeps going against it it open a third position with triple (yes you read correctly!) lotzise and 150 SL. At this point if the SL is hit the loss will be huge. This is the downside of it but lets give it some credit over most EAs of this type which blow accounts like mad and have no consideration for the client's money. Cheers Quote Link to comment Share on other sites More sharing options...
VladimirM Posted August 14, 2010 Report Share Posted August 14, 2010 http://s58.radikal.ru/i159/1008/fa/01a7bd079a2d.jpg tomislav, didier, noone and 2 others 5 Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted August 14, 2010 Report Share Posted August 14, 2010 http://s58.radikal.ru/i159/1008/fa/01a7bd079a2d.jpg Point well made. This is exactly its weakness. Quote Link to comment Share on other sites More sharing options...
rolando Posted August 14, 2010 Report Share Posted August 14, 2010 Point well made. This is exactly its weakness. 0.30 lots for only 3000 of balance? thats too much!!! do you have any experience with martingales????? for 3000 of balance use only 0.05 lots... not more shivadp 1 Quote Link to comment Share on other sites More sharing options...
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