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Posted
I remember the Black Swan EA promising the same thing of "scouring" the net for currency info and then trading on it. Unfortunately, it never scoured anything but your account, because it was only indicator based and only retrieved period settings from the dll (internet).
Posted

If someone interested to buy (and share ;) ) as usual, if you close the sales page two times you get $20 off the price!

But anyway, I am afraid this has been curved fitted, well we'll see!

Posted
i just checked their special access sales page and there is a 10 year backtest on USDCHF. if you look closely it doubles the lot size after a loss.

 

http://mrnbot.com/secret.html

 

Looking at the backtest, its purely Asian scalper trades, with poor modern performance. They then go on to claim it trades 24 hours. So one of the two is incorrect, either the shown test results; or the claim it trades 24 hours.

"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

Posted
If you think about it, how could an EA surf the internet for currency news? And also determine the currency direction? Only a human could do that, and if the dll checks their website for this info, obviously a human would have to put it together for the EA anyway! It's a park-full of red flags...
Posted
for the advanced version there is no variable to input the robot key. it runs OK. i backtested it and it opened trades. the developer must have overlooked not putting in the authorization code in the advanced version. go figure.
Posted (edited)

Strategy Tester Report

MRN Bot - Advanced Edition

FXOpen-ECN Demo Server (Build 225)

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2010.06.29 05:30 - 2010.10.22 23:45 (2010.01.01 - 2010.10.25)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=13; StopLoss=72; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=1; UseMoneyManagement=true; PercentageofEquityRisked=10; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=28; StopTradeHour=1; StopTradeMinute=44; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

 

Bars in test 8126 Ticks modelled 1893602 Modelling quality 52.14%

Mismatched charts errors 1

 

Initial deposit 100000.00

Total net profit 142823.32 Gross profit 207448.71 Gross loss -64625.39

Profit factor 3.21 Expected payoff 2914.76

Absolute drawdown 28036.38 Maximal drawdown 84310.64 (29.74%) Relative drawdown 29.74% (84310.64)

 

Total trades 49 Short positions (won %) 18 (77.78%) Long positions (won %) 31 (93.55%)

Profit trades (% of total) 43 (87.76%) Loss trades (% of total) 6 (12.24%)

Largest profit trade 12827.65 loss trade -25314.15

Average profit trade 4824.39 loss trade -10770.90

Maximum consecutive wins (profit in money) 17 (81213.58) consecutive losses (loss in money) 3 (-63860.37)

Maximal consecutive profit (count of wins) 81213.58 (17) consecutive loss (count of losses) -63860.37 (3)

Average consecutive wins 9 consecutive losses 2

 

 

tested out of the box!

Edited by halcyonn
Posted (edited)
The "live" test results on their site hxxp://www.mrnb0t.c0m/ are blatant fakes. Not only the USDCHF prices they 'inserted' into the trade records in Aug and Sep 2010 are 1.13xx and 1.23xx have the same timestamps, the real USDCHF prices around those months were nowhere near 1.13xx, only ranging between 1.0400 and 1.0000. So, they could not even fake it correctly :) Edited by clovelly

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