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Current Live robot Reviews Current forward tests of MetaTrader Forex robots (Expert Advisors)
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Old 2010-05-07, 03:43 AM   #461 (permalink)
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Quote:
Originally Posted by pipsbuster View Post
The default ones. Yes, I do.
I cannot believe that you use default settings. As far as remember default RiskLevel is 0.10 and you must be using 0.30 at least judging by the position sizes.
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Old 2010-05-07, 04:33 AM   #462 (permalink)
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must have been busted
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Old 2010-05-07, 05:14 AM   #463 (permalink)
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Notwithstanding doubts regarding pipsbuster records, I agree that MD seems profitable overall
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Old 2010-05-07, 11:16 PM   #464 (permalink)
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I cannot believe that you use default settings. As far as remember default RiskLevel is 0.10 and you must be using 0.30 at least judging by the position sizes.
Who knows, but trendcat's response is completely unnecessary. He's doubted MD since day one, and it really is a profitable bot.
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Old 2010-05-11, 11:42 AM   #465 (permalink)
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Originally Posted by trendcat View Post
how do you know that is his results
it says they are not verified
you people are so naive,no wonder you send all your hard earned money to those sucker garbage EAS.that 99.9% will wipe your account out sooner or later.

pipbuster send us your live account reports of the MD trades the past year
lets see if they match the equity curve on the myfxbook chart.
you can block out the security info of course.

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Originally Posted by hotsawce View Post
Who knows, but trendcat's response is completely unnecessary. He's doubted MD since day one, and it really is a profitable bot.

TrendCat, Why should anyone do anything for you? Especially when your rude and demanding. This is not your site and we are not your freinds or employees. If you dont like robots, or just dont like this robot, please go elsewhere, and stop wasting space and time.

If Pipbusters account is the same one now posted on the MegaDroid web site, as I suspect it is, it seems to coincide with when he droped off the forums, it is suposedly trading a 10% position size on an ATC brokers account, which is what he was originally trading. At some point before droping off these forums he had mentioned raising his position size, but I have no idea what ever became of it. For the most part though people dont always consider the risk setting to be part of the default settings. He could very well be the default settings with a different risk allowance.

Either way his results are good for the time period he shows and the position size he runs. But different time periods have drastically different results. If you run any tests for the first half of 08, there were virtually no gains untill the fall. The use of Recovery Mode and Aggressive Mode failed terribly resulting in simultaneous losses from Aggressive Mode, and then followed by double losses with Recovery Mode active.

I have long held the opinion that if this EA can handle a double position size during Recovery Mode it should be able to handle it anytime, but to double the position size and allow the EA to open double simultaneous trades, Aggressive Mode, is silly.

From my backtesting over several years, and continuous forward testing, I have found that doubling the position size and turning off Recovery Mode is more profitable, some times far more profitable, but the equity curve is not always as smooth. When Recovery Mode works well it produces a smooth equity curve, but when it fails its a disaster. Further, in order to push the largest workable position size, or at least to maintain an even risk allowance, you cant allow it to open two trades at once some times, and not others. This would mean you are either under or over leveraged half the time. Turning off Aggresive Mode works, but blocks any aggressive trades even when they are the first choice. The asnswer here is to turn on the NFA filtrer with Aggessive Mode on. This will allow the EA to take either an aggressive trade or a conservative trade, but only one trade at a time.

By doing these things, turning off Recovery Mode and turning on NFA Mode, and running a large position size, you can maxinize profits and prevent frequent overleveraging.
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Old 2010-05-11, 03:37 PM   #466 (permalink)
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Ken,

Thank you sharing your conclusions. I will implement them immediately!
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Old 2010-05-11, 05:19 PM   #467 (permalink)
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Ken,

Thank you sharing your conclusions. I will implement them immediately!

Test this first and make sure your comfortable with the way it trades. I am using this setup live with a 0.4, 40% position size on a small account. If it was a large account I might have second thoughts about the position size. But, this has backtested well over several years. So far I've been running this setup live for a couple of months and on demo for several months before that.
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Old 2010-05-11, 05:52 PM   #468 (permalink)
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Well, I have never gone for more than 0.16 so far, after reading your comment I changed it to 0.2, so I am pretty comfortable with it. BTW, I grabbed MD Pro just today, I will see if it copes with EURCHF, EURGBP and USDCHF as well as with EURUSD. I would be surprised, because it should have a whole bunch of FAPT users to compete with...
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Old 2010-05-11, 08:05 PM   #469 (permalink)
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I dont think trading alongside FAP-T will be a problem, other than the spreads. As long as MDPro remains a more conservative scalper and chooses better setups and entries it shoiuld do better. The bigger concern is that running these all at the same time, on the same account, makes them share the account equity. This increases the leverage on your free margin , and depletes the free margin left for each consecutive trade. So if one EA trades noticably better, but is always second opening trades, it will always have the smaller position size. If multiple trades go into drawdown at the same time it could cause a margin call .

I like the way that Megadroid trades so well that I dont want to interfer with its trading hours with anouther night scalper. Manually I dont daytrade those hours, the most I might have is a few swing trades open, and I dont swing trade on the EURUSD, because with the NFA filter on it shouldnt allow multiple trades on the same currency and I dont want to block MD's trading.

Did you get MD Pro as a bonus for Forex Maximizer. I'm very interested in the results from this EA. I refused to buy it, I've tested too many junk EA's with the same claims, and he had all the usual scams, from incomplete and unprovable statements, to automatic redirecting when I tried to leave the site. He actually offered better prices twice when I tried to leave. He went as low as $77, and initially claimed he only had 10 EA's at that price, but he's still offering it now. He's had one left all day. I would be very impressed if his EA does what he says. I would love to have an EA to trade the GBPUSD all day. Maybe I'll give up and test it?
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Old 2010-05-12, 02:46 AM   #470 (permalink)
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Indeed I went for Forex Maximizer. You are right about the usual product pushing -- your description reads similar as what I had yesterday. When I was done with Forex Maximizer purchase I was directed to Forex Maximizer Advanced that trades GBPJPY. It was offered for $77, and later for $47 -- it does not forebode well I guess. At this moment it sits on my demo account, I gather it uses modified ZigZag indicator .

Frankly speaking I assumed Forex Maximizer a bonus for getting MD Pro not the other way round :-)

BTW, MD Pro features money management that balances MD trades between the pairs, so trading the four currency pairs should be possible without risking more than just one pair, but one gets more trades opportunities.
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Last edited by pipdetector; 2010-05-12 at 02:50 AM.
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