Ken, I'm not gonna split hairs with ya anymore-
What Don advertizes (hands-off, let it run, no need to watch it, etc.) is simply BS -
Per another post on this thread, this EA needs a large DD to run properly - I've run it live, for 4 months, on cash accounts, and got MC'd every time [.01 per $1000] - It DOES trade 20-30-70+ profitable orders, but the 4 or 5 huge DD's will eventually get you called out (EUR/CHF and any JPY are the worst)-
Even now, PipCop's DEMO has -$1500 in negative float, plus the -$371 in losses already... That should tell you everything, as that matches my (negative) results perfectly-
The idea (for me and others) is to have an EA that runs with minimal interference.... Every "Ya but...." you suggest may indeed be valid, but requires extra work and programming that no one on here has access to... except Don and his rent-a-coder... So it's really pointless to talk about "what ifs"... as the program is what it is, a loser, with no refunds... It has some serious flaws... I'd gladly post my 4 months of accounts here if attachments were allowed.
Lastly, I pulled any random chart (above) b/c I could not attach/post my own screenshots and losses here... but my point wasn't about long vs. short, it was to show you that it is indeed a counter-trend trader... You can call it anything you wish... but it waits for a break in the long before entering - And BTW, it's clear you've not used this EA (demo or live) as yes, all 4 bars must change colours in order for it to place an order - unless Don has changed something since Late-OCT... But after staring at 10 pairs (screens) for 160 days with 8 rows of blue/red bars 24x6... I know how this bot works and when it "triggers" a buy/sell.
If you wanna spend $300 on it... and risk your own cash - knock yourself out bud... but I'm done with this one-
Cheers-
KB |