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Posted (edited)

It's been a few weeks since testing this EA with correlation pair for those who can't hedge on same pair. So far, the result is pretty good. It seem to be holding well on margin usage and DD on 50:1 on Oanda platform. If continued at same rate, it could do somewhere between 30-40%/monthly, but testing in 2 weeks is hardly qualifies its profitability or safety of the system.

 

Regardless of how good this system appear to be, I don't think it is possible to get 500% in 10 days (nor I would ever expect to make such profit) WITHOUT THE BIG RISK no matter how you select currencies to trade in my opinion.

 

EURUSD Set file

g_magic_192=12345

LotExp=1.35700000

Lots=0.10000000

TakeProfit=10.00000000

PipStep=25.00000000

MaxTrades=10

 

USDCHF set file

g_magic_192=12345

LotExp=1.35700000

Lots=0.10000000

TakeProfit=10.00000000

PipStep=25.00000000

MaxTrades=10

 

Acct Details download link -

Starting Balance = Approx. U$10,000.00

http://www.multiupload.com/ODLAMYKTGM

Edited by fx4_ever
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Posted (edited)
  musketeer said:
Thanks Fx4_ever! For the info, observations and your effort! But it was really painful pic... :) (just a friendly opinion btw)

 

Best!

 

LOL.. Did you try to enlarge the pic? If you open with MS office picture manager slider should work just fine.

 

For just short while, I will post it to here if anyone wants to review.

https://www.myfxbook.com/secure/statements/100738/statement.html

Edited by fx4_ever
  • 3 weeks later...
Posted

hey guys, i am testing this ea since some weeks now. the results are good, but i am still very uncertain regarding the "martingale" bit in the ea. upto now, the ea made 372 trades with a profit factor of 1.51 which is ok! and 33% growth in 4weeks. not 500%.... honestly... 500% in 10 days... maybe possible. but for sure -100% are realisitc!

facts:

worst tade 109,82$; best trade 514$.

i am only trading it on eurusd with basic settings.

my concern is, that the averaging down tactics can blow you up i an really strong trend in the "wrong" direction.

But... in the eurusd we see right now a strong trend and the gomo ea is still alive.... so will monitor that one very closley.

Posted (edited)
  fx4_ever said:
Another martingale EA seems to be doing very well by FPA testing...

http://www.forexpeacearmy.com/metatrader_expert_advisor/ea_prof/demo

Over 300% less than a week with very little DD :-O

 

looks like a indo-run type EA, just from its trading statement.

 

theyre onto their second go. first one blew up.

 

http://chart.apis.google.com/chart?chs=600x200&chg=5.5,20,1,5&chco=0000B0&cht=lc&chxt=r,x&chxr=0,-1.89,6766.4,1353.65%7C1,0.00,306,17&chm=V,34B7FF,0,294,1,-1%7CV,F88D8D,0,305,1,-1&chd=e:vSvSvevevsvsv6v3wEwLv8wIw4w8xJxQxJxXyRxww.wPvlx2x9yDyJxow4wHvdwl2j2p2v21273B2s2R122m5I5M5a5h5W5l5s5s56596M5m4a3g1l0ixdwSrgqmm8kfm4m-nEnLnRnRnfnmnjnwntn5oqouo8pDpJoYnPlViqfKe7gvgug0gxg.hFhLhPhehahphghThTioiuiyjAi6jHj3j9kDkJkPj-jxjxkgnCm.nNm4nEm-nFnSnYnfnlnfnrnxn3n9oBoOoUoboioKnfnrn3n-oEoHoNoZofoloroxo3o9pDoen2nbo5o8pKo4oapVpcoyololpOrererssnsesSsSs8vNvHvTvZvQvcvcvoviviv8xbxhxoxvxvx7yBxmxOx-x-yMyCyPyVyVyhzRzXzOzazdzpztz6z30D0D0P0S0e0X0m1g1g1s1p1118182K3A3G3M3M3Y3e3l3r3r354A4D4Q4Q4c4i4o4v42495D5J5P5V5b5A5M5S5S5f5f5r5y545y5-6C6R6X6f6W6i6p6v6r6r7m7t7m7z8j8m8p849E9--v-y.A.G.M.T.Z.c.r.x.4..4wtneXLKGwFZCxCTBeBPAAAA

Edited by Stormin_Norman

"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 (edited)

EA-Prof = Usual SCAM..

 

http://img853.imageshack.us/i/eascam.jpg/http://img853.imageshack.us/i/eascam.jpgOnce analized the statements provided by the Ea-prof site you know that they are using a dec0mp*ed and optmized version of EA-Boss...usual SCAM..8-)

 

Aniway from the results they do not even made a good job....

 

Tx all guys for the great contribution herehttp://img853.imageshack.us/i/eascam.jpg/ in the forum.

 

 

URL: http://img853.imageshack.us/i/eascam.jpg/

Edited by GelinuxreBorn
image not uploaded
Posted

They started a new test because the owner said it was the broker that caused it to crash

 

  Quote
04.25.11 EA-Prof Demo test restarted with Alpari UK - developer tell us EA will trade better there... Lets see... Old demo results -98.75% weekly as always in drop-down menu...

 

Alpari Demo accounts (the pro account) have very low spreads so this EA might be very spread dependent. But, we will see. I hope it does perform well though.

Posted
Easy to do on demo-accounts with bad brokers that have time-delayed data-feed on their demo-server. I did managed to turn 10,000 into over 200,000 within 5 days with this method - which of course does not work on live accounts! Because if it did, no one would share information about it in any forum on the net!
  • 3 weeks later...
  • 2 weeks later...
Posted

THANK YOUUUUUUUUU !!!! I went live for the past 10 days and very very pleased ... thanks again...

  grooter said:
I removed the account check, have not tried it myself yet:

 

hxxp://www.multiupload.com/DMEH330IEE

Posted
This is just a martingale EA. Sooner or later you would see the account grow slowly but sure and then gone with the wind ... Open the opposite trades too much. Need big capital to go live. Again, thanks for share, but not in my live account to try.
  • 1 month later...
Posted

...just use "common sense" just like you do in your every day life and you will be fine...

either way trading alone is a risk as you never know if a trade will go south on you even if your using the best "holly grail", so gomo will not hurt using it as it uses a break even strategy, actually you have a better chance...(always keep an eye on it though). just my 2 cents...

 

Happy Pips!...Chrissa

Posted
Is there a way to turn the EA off automatically after it closed all open positions? I can see "sleep" in the code but I don't know what to change exactly... So if it goes against the trend, then the EA should keep adding lots until the cycle has finished and closed everything with profit. (and no new trades until I say so!)
Posted
  edgar said:
Good afternoon from FRANCE

it is a dynamite on backtest but I have no trade on demo(sundbirdfx and paxforex) please help

I think put the EA on REAL

i hope you did good/reliable backtests... about live trading, look into logs, journal and expert's log

Posted

goodafternoon, it's verygood if we have 10 000 euros in the compt(backetst)

with 500 euros(backtest)!! down to 16 euros!!so be quiet ,because: we cannot put an other setting than

I have trie with 0.01lot but it doesn't work(money management)

how to chnge setting (than money management will with a few risq?)

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