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[REQ] MRN Bot


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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

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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
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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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