Pip Cop - Forex Robot Reviews - View Single Post - Universum TP 105 / SL 100 robot review - BUSTED! -$3,303

**PipCop** · 2008-09-21, 07:53 PM

2008-09-16 Update: This EA had a disastrous losing streak, but is still running with a small modification I made - after 3 losing bids it resets to 0 losses, and the starts over with 1 lot (instead of x2 or x4 lots).

Here are the live results for the Universum EA. As of May 12th, 2008, I am more impressed by this EA than any other. It has in one move potentially made far more than all the other EA’s combined, however Martingale has a VERY HIGH RISK design and can potentially wipe out the entire account in just a few bad trades..

The Universum EA can be downloaded from here: http://codebase.mql4.com/en/3343

Universum uses a Martingale system. Please also read this anti-martingale and position sizing article.

This is attached to a 1-hour EURUSD chart. Anyway, on to the data:

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Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer

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2008-09-21, 07:53 PM	#1 (permalink)
PipCop Pip Chief of Police and Site Owner Posts: 1,196 My Trading Journal	Universum TP 105 / SL 100 robot review - BUSTED! -$3,303 2008-09-16 Update: This EA had a disastrous losing streak, but is still running with a small modification I made - after 3 losing bids it resets to 0 losses, and the starts over with 1 lot (instead of x2 or x4 lots). Here are the live results for the Universum EA. As of May 12th, 2008, I am more impressed by this EA than any other. It has in one move potentially made far more than all the other EA’s combined, however Martingale has a VERY HIGH RISK design and can potentially wipe out the entire account in just a few bad trades.. The Universum EA can be downloaded from here: http://codebase.mql4.com/en/3343 Universum uses a Martingale system. Please also read this anti-martingale and position sizing article. This is attached to a 1-hour EURUSD chart. Anyway, on to the data: FireFox users warning: Statements are sometimes cached by your browser! Click the blue statement link (above this window) to update it! Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer xp4 XP4 __________________ > Don't get busted by PipCop ... Read the Rules! > Questions? Please read the REVIEW FAQ first! > Have a Forex link? Add it to the Links Directory > How to link your MT4 statement to your profile Last edited by PipCop; 2008-09-27 at 02:08 PM.