Pip Cop - Forex Robot Reviews - View Single Post

Ken Long · 2009-04-07, 01:47 PM

Interesting. If you look at trades # 10 and 11, order #'s 19 and 20 from year 2006. They had just passed a major loss and doubled up on the position size as per the RecoveryMode. Trade #10 was for 8.39 lots, followed by trade #11 for 4.40 lots. Both of these trades were open simultaneously for over an hour, while the account balance was listed as $12083.40... Obviouly they are running at more than 100:1 leverage or this would not even be possible, even so, this is an extremely high risk situation. And I'm sure there are more like it to find.

I have to wonder if these posted results arent doctored a bit to prevent blowing the account up. As was previously mentioned by BB, when they had a longer string of losses they didnt run the recovery mode. Easy to do with hindsight. Not so easy going forward. These user parameters, RecoveryMode and ReduceLots false, will take some thought before implementing.

2009-04-07, 01:47 PM	#41 (permalink)
Ken Long Pip Sergeant Posts: 331	Interesting. If you look at trades # 10 and 11, order #'s 19 and 20 from year 2006. They had just passed a major loss and doubled up on the position size as per the RecoveryMode. Trade #10 was for 8.39 lots, followed by trade #11 for 4.40 lots. Both of these trades were open simultaneously for over an hour, while the account balance was listed as $12083.40... Obviouly they are running at more than 100:1 leverage or this would not even be possible, even so, this is an extremely high risk situation. And I'm sure there are more like it to find. I have to wonder if these posted results arent doctored a bit to prevent blowing the account up. As was previously mentioned by BB, when they had a longer string of losses they didnt run the recovery mode. Easy to do with hindsight. Not so easy going forward. These user parameters, RecoveryMode and ReduceLots false, will take some thought before implementing. Last edited by Ken Long; 2009-04-07 at 01:49 PM.