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Forex Crescendo - EA on page 1


vinnie

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Its a clear scam

 

The author did not respond when I aksed to show more backtest for this

 

The EA is heavily curve fitted and those crooks are still selling it eventhough they know that it is a losing EA

that will wipe out people's accounts

 

they make me puke

 

probably it is... he didn't publish my sceptical comment...only a** kissers are welcome there

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Andrea

Could you please stop the bullshit already and show us the backtest for years before 2009?

 

Lets see if he will do that :)

 

Some analysis below.. (for newbies who are planning to go live seeing the excellent past trade records, that too in a live account) . From 11th aug the EA was accumulating GBPUSD long positions . total of five 5 buys till 24th aug. and then EA was just "waiting" for the pair to move up inorder to close them all in +40 pips profit (they had to wait over a month and finally got the opportunity only on 15th Sept !) .Am sure they must have been waiting for these positions to get closed before relasing the EA :D

 

2010.08.11 00:00 buy 0.10 gbpusd 1.58533 0.00000 0.00000 2010.09.15 16:32 1.56128 0.00 0.00 -2.19 -241 -240.50

2010.08.11 12:00 buy 0.10 gbpusd 1.56772 0.00000 0.00000 2010.09.15 16:32 1.56139 0.00 0.00 -2.19 -63 -63.30

2010.08.12 12:00 buy 0.10 gbpusd 1.55927 0.00000 0.00000 2010.09.15 16:32 1.56203 0.00 0.00 -2.01 28 27.60

2010.08.20 12:00 buy 0.10 gbpusd 1.55241 0.00000 0.00000 2010.09.15 16:32 1.56203 0.00 0.00 -1.53 96 96.20

2010.08.24 12:00 buy 0.10 gbpusd 1.53892 0.00000 0.00000 2010.09.15 16:32 1.56158 0.00 0.00 -1.41 227 226.60

 

On 7th sept (GBPUSD low 1.5295) holding positions' combined drawdown would have been around -553 + -377 + -292 + -224 + -89 = -1535 pips

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Same case with GY . Only buys from 10th aug to 30th aug. All positions were closed on 30th .

 

2010.08.10 00:00 buy 0.10 gbpjpy 136.678 0.000 0.000 2010.08.30 03:40 133.419 0.00 0.00 0.51 -326 -379.86

2010.08.10 12:00 buy 0.10 gbpjpy 135.451 0.000 0.000 2010.08.30 03:40 133.417 0.00 0.00 0.51 -203 -237.10

2010.08.11 12:00 buy 0.10 gbpjpy 133.458 0.000 0.000 2010.08.30 03:40 133.415 0.00 0.00 0.51 -4 -5.01

2010.08.24 00:00 buy 0.10 gbpjpy 131.979 0.000 0.000 2010.08.30 03:40 133.415 0.00 0.00 0.21 144 167.39

2010.08.20 12:00 buy 0.10 gbpjpy 132.651 0.000 0.000 2010.08.30 03:40 133.419 0.00 0.00 0.25 77 89.52

2010.08.24 12:00 buy 0.10 gbpjpy 129.801 0.000 0.000 2010.08.30 03:40 133.399 0.00 0.00 0.21 360 419.43

 

Just think if you'd gone live with this EA on aug 1st week .. Combined DD on 24th aug (when it touched 128.77) would have been approx -790 + -668 + -481 + -320 + -388 + -103 = -2750 pips :-O

 

The EA will work perfectly fine until you get into a daily trend like this (Aug 2008).

http://i53.tinypic.com/20fp8rd.jpg

 

Imagine you were accumulating Longs starting aug 1st @-)

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I wonder why the developer named all the FUNCTIONS as pure binary number (ie 1 and 0). anybody can tell?

 

#property copyright "Copyright © 2010, Andrea Salvatore"

#property link "http://www.forexcrescendo.com"

 

#import "Crescendo.dll"

double l1101111100110001(int a0, bool a1, int a2, double a3, double a4);

double l0100100111110100(int a0, bool a1, int a2, double a3, double a4);

double l1010101110110011(int a0, double a1, double a2, double a3);

int l0011111110111100(int a0, int a1, int a2);

int l1010100101110100(double a0, double a1, bool a2, int a3);

int l1000000110011010(int a0);

int l0011001010000111(double a0);

string l0110010111101110(string a0);

string l0111110110000011(string a0);

string l1000011101110010(string a0);

string l1001110101110000(string a0);

string l1100011011100111(string a0);

#import

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I wonder why the developer named all the FUNCTIONS as pure binary number (ie 1 and 0). anybody can tell?

 

#property copyright "Copyright © 2010, Andrea Salvatore"

#property link "http://www.forexcrescendo.com"

 

#import "Crescendo.dll"

double l1101111100110001(int a0, bool a1, int a2, double a3, double a4);

double l0100100111110100(int a0, bool a1, int a2, double a3, double a4);

double l1010101110110011(int a0, double a1, double a2, double a3);

int l0011111110111100(int a0, int a1, int a2);

int l1010100101110100(double a0, double a1, bool a2, int a3);

int l1000000110011010(int a0);

int l0011001010000111(double a0);

string l0110010111101110(string a0);

string l0111110110000011(string a0);

string l1000011101110010(string a0);

string l1001110101110000(string a0);

string l1100011011100111(string a0);

#import

 

have you been decompile it?

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I wonder why the developer named all the FUNCTIONS as pure binary number (ie 1 and 0). anybody can tell?

 

.................

string l1000011101110010(string a0);

string l1001110101110000(string a0);

string l1100011011100111(string a0);

#import

 

I think it makes it a little harder to understand logic, i guess you can go thru each and replace all with name that is easier to understand .

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I guess Andrea had another version. He just used the Find & Replace to change the names before he release it to discourage cracking / educating - LOL.

 

Remember he is a very clever programmer, not an unskilled scammer who steal from free EA, repackage and sell.

]

 

that's what i thought as well but who knows, he might have done it to hide the original name of functions that came from other commercial or free EAs...

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I guess Andrea had another version. He just used the Find & Replace to change the names before he release it to discourage cracking / educating - LOL.

 

Remember he is a very clever programmer, not an unskilled scammer who steal from free EA, repackage and sell.

 

]

 

that's what i thought as well but who knows, he might have done it to hide the original name of functions that came from other commercial or free EAs...

 

Both as likely as the other.

"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

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