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Old 2008-11-17, 06:17 PM   #55 (permalink)
Killer-B
Pip Detective
 
Posts: 145

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Trading Live with:
Forex Funnel
Thumbs down Still Needs ALLOT of Work

Long time reader, 1st time poster... Nice site PipCop...

Joined just to respond to this thread-

As a precursor, I've been forward testing Don's EA on a LIVE account since July 2008-

Across 10 pairs (per his site) it does do fairly well, however, the drawdowns are TERRIBLE and even with MM (Money Management) on, it will eventually blow-up your account, unless you're running like a $100k at 5%-

It does no good to have 100+ $12 winners, just to get called out when EUR/CHF swings against you at 500+ pips

I've seen other testing sites that show a 95% drawdown average-

To gain (approx) 12% over a month, but with 500-900 pip DD's is just insane... Trading without a S/L is also suicide - This program WILL blow up your live accounts... Sorry

Lastly, Don *IS* a great guy - and will help you, assist you and guide you as needed.. He pushes his other EA's and "Affiliate Mktg" more after you buy in though... Grew weary of that, as I never could get his EA to mimic his results on his website... so was leary of any other "new" EA he had to offer...

FWIW, people ALWAYS bitch when they loose money... But I did this by the book - 3 x $1000 accounts - 10 pairs on ONE, 5 pairs on the other 2 over 4 months... Used .01 trades with MM on - and it blew up each one within 2 weeks- DD's are the killer - as is placing a new buy/sell when the pair is already at a historic all-time high or low... Again, you can't replace human intellect...

The theory is good... but needs more work and a better exit strategy-

The "never lose" claim is bogus, as he just keeps everything in float open...

Needs to offer a refund policy - but doesn't - Total waste of time and $3k - But that's just me

KB

PS: I suspect this will get "jailed" eventually... Also, as to RAM and such, it *IS* a CPU hog - esp with 10 pairs running... but you don't have to have the charts loaded on screen... but helps to see what it's "doing"... Otherwise, it will freeze your PC... Cheers

Last edited by Killer-B; 2008-11-17 at 06:26 PM.
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