Pip Cop - Forex Robot Reviews - View Single Post - 20/200 expert v 4.2 AntS robot review

**portal** · 2009-03-29, 04:48 PM

PipCop has been testing this robot for 4 months. December had a losing month...I personally think it is best to not trade in December due to the holiday season. This could or could not be the reason for the losing month.

However, Jan, Feb and Mar so far have all been profitable months. Furthermore, there is actually a new version of this EA, version v4.3 and it has additional settings, such as sl and tp, and how many trades to open. I have been testing it over a week now, and has been performing as successfully as v4.2.

Backtesting cannot always produce "correct" or "accurate" results. However, I have backtested from Jan to Mar 09, and it made 200% gains. Awesome! Testing in 2008 showed terrible results - however, when was the EA created? Maybe it suits the present market conditions?

3 consecutive profitable months have led me to open a new live account with IBFX for this EA. I have deposited $3K. When the funds go through (sometime next week) I will begin trading with it live, and will happily share my results. I will start with a fixed 0.2 lot, even though I have been demo testing with 0.5 lots with great success. On certain days I will change the lot size to 0.5 for those high $300-$400 winning trades.

I will also continue demo testing with different lot sizes, tp, sl, and order amounts.

2009-03-29, 04:48 PM	#35 (permalink)
portal Donating member Trader for 0 - 1 year Location: UK Posts: 28	This Robot Rocks PipCop has been testing this robot for 4 months. December had a losing month...I personally think it is best to not trade in December due to the holiday season. This could or could not be the reason for the losing month. However, Jan, Feb and Mar so far have all been profitable months. Furthermore, there is actually a new version of this EA, version v4.3 and it has additional settings, such as sl and tp, and how many trades to open. I have been testing it over a week now, and has been performing as successfully as v4.2. Backtesting cannot always produce "correct" or "accurate" results. However, I have backtested from Jan to Mar 09, and it made 200% gains. Awesome! Testing in 2008 showed terrible results - however, when was the EA created? Maybe it suits the present market conditions? 3 consecutive profitable months have led me to open a new live account with IBFX for this EA. I have deposited $3K. When the funds go through (sometime next week) I will begin trading with it live, and will happily share my results. I will start with a fixed 0.2 lot, even though I have been demo testing with 0.5 lots with great success. On certain days I will change the lot size to 0.5 for those high $300-$400 winning trades. I will also continue demo testing with different lot sizes, tp, sl, and order amounts.