Pip Cop - Forex Robot Reviews - View Single Post

Ken Long · 2009-04-06, 12:45 PM

BatchBoy,

Thanks for all the out of sight backtesting. I just havent had time to get to any myself yet.

I did go through some of their posted trade statements and noticed the periods of loss you mentioned. It seems to me that if they had had the Recovery Mode on during this time it would have blown up the account. Recovery Mode just seems to be a limited Martingale. However, if the lot size was more conservatively small both the Recovery Mode and the false Reduce Lots would work well.

Interestingly though, most of the bad trades they closed with 1 pip profit, thereby maintaining the high win ratio. Unlike FAPT which closes similar trades with a slight loss, even when unnecessary.

2009-04-06, 12:45 PM	#33 (permalink)
Ken Long Pip Sergeant Posts: 331	BatchBoy, Thanks for all the out of sight backtesting. I just havent had time to get to any myself yet. I did go through some of their posted trade statements and noticed the periods of loss you mentioned. It seems to me that if they had had the Recovery Mode on during this time it would have blown up the account. Recovery Mode just seems to be a limited Martingale. However, if the lot size was more conservatively small both the Recovery Mode and the false Reduce Lots would work well. Interestingly though, most of the bad trades they closed with 1 pip profit, thereby maintaining the high win ratio. Unlike FAPT which closes similar trades with a slight loss, even when unnecessary.