Forex Maximizer - Page 4 - Pip Cop

**pipdetector** · 2010-05-17, 11:17 AM

Quote:

Originally Posted by rsmereka

I am so impressed by this and the fact that this EA is not a scalper therefore it keeps the lot size low that I am going to go out on a limb and put Forex Maximizer and Maximizer Advanced on my live account.

Well, it keeps the position size as large as you set it, it may be large if you like it this way

I will give it some more time in demo tests, as the last few days had very obvious trend

, I wonder how it works when correction/sidewise movement starts (I think this may happen now).

Ken Long · 2010-05-17, 11:20 AM

Quote:

Originally Posted by rsmereka

Forex Maximizer is up almost 30% on my demo Alpari UK account.

I am so impressed by this and the fact that this EA is not a scalper therefore it keeps the lot size low that I am going to go out on a limb and put Forex Maximizer and Maximizer Advanced on my live account.

Rick

Rick,

These are interesting results, but I'm still a little concerned about the overall quality of this package and how it was presented. Has anyone done any longer term testing that can confirm these results?

Maximizer is still available for $77, I just checked. But I still dont like the way its sold.

limitup · 2010-05-17, 01:02 PM

Quote:

Originally Posted by rsmereka

Forex Maximizer is up almost 30% on my demo Alpari UK account.

I am so impressed by this and the fact that this EA is not a scalper therefore it keeps the lot size low that I am going to go out on a limb and put Forex Maximizer and Maximizer Advanced on my live account.

Rick

441 pips in 4 days.

...off to pip jail I go

.
http://stacy.mt4stats.com/

The 34 pip wiinner handled sideways action very well.

**pipdetector** · 2010-05-17, 06:25 PM

I guess that Forex Maximizer is not that long on the market so that we could have sufficient forward test. The backtests especially in earlier than 2008 do not seem impressive. However, it seems that the EA thrives in the present volatile market...

limitup · 2010-05-17, 07:59 PM

Quote:

Originally Posted by pipdetector

I guess that Forex Maximizer is not that long on the market so that we could have sufficient forward test. The backtests especially in earlier than 2008 do not seem impressive. However, it seems that the EA thrives in the present volatile market...

Backtest are worthless.
I can't count how many times I have said this:
"Past performance is not indicative of future results."--Thank you CFTC.
The only way to a decent test is with demo...and that is somtimes debatable.
I need at least a couple more weeks of eval before I consider live.

Like I have said...I am concerned that the code will not get stops and take profit orders in. Support is being real slow.

Ken Long · 2010-05-17, 10:42 PM

Quote:

Originally Posted by limitup

Backtest are worthless.
I can't count how many times I have said this:
"Past performance is not indicative of future results."--Thank you CFTC.
The only way to a decent test is with demo...and that is somtimes debatable.
I need at least a couple more weeks of eval before I consider live.

Like I have said...I am concerned that the code will not get stops and take profit orders in. Support is being real slow.

Backtests are definately not worthless, and can be extremelly valulable. For most of us, its easiest to determine how a new EA trades using historical data, much the same as a developer would when testing system designs. This is not identical to using real time data, and even that is not identical to using a live account, but they are all good enough proxies for the real thing and give a close enough result. There may be big differences with some types of robots, but most of this is due to slippage

and spread

changes during off hours and volitile times.

limitup · 2010-05-18, 12:16 AM

Quote:

Originally Posted by Ken Long

Backtests are definately not worthless, and can be extremelly valulable. For most of us, its easiest to determine how a new EA trades using historical data, much the same as a developer would when testing system designs. This is not identical to using real time data, and even that is not identical to using a live account, but they are all good enough proxies for the real thing and give a close enough result. There may be big differences with some types of robots, but most of this is due to slippage

and spread

changes during off hours and volitile times.

Ken:

Name one EA or automated futures

trading system backtest that even came close to performing the same in real market conditions. I have traded the currency

futures

market way before retail spot currencies even started. My overall point

is that backtest can not determine the overall effectiveness of a trading system. The reason is that fundamentals can not be predicted. We are traders here ...not programmers....this is something that has been forgotten in the MT4 world. So, in my book

, a backtest can't work in the real world...it is worthless. Backtesting serves only one good purpose...and that is to see if code is working properly for development. 9 times out of 10 a trading a sytem based on historical data will leave your wallet empty. We are here to make money...not digits. If you use robots based on historical data...one day you will be caught on the wrong side of a lock limit market. Markets are ever changing...and that will never changed. This site promotes the only way effectively to evauluate a EA is on a live acount. I suggest you take that advise. Demo is a decent playground...and even there bots that claim AI, loose.

L

**pipdetector** · 2010-05-18, 02:55 AM

I agree that backtests cannot guarantee that EA will work, but at least they can show that an EA is no good from starters. Though I just cannot imagine any EA peddlar trying to push EA that does not at least have decent past performance.

So shortly, backtest do not guarantee that the EA will work, but at least they can signal that it did not work in the past too. ;-)

**rsmereka** · 2010-05-18, 08:38 AM

Quote:

Originally Posted by pipdetector

Well, it keeps the position size as large as you set it, it may be large if you like it this way

I will give it some more time in demo tests, as the last few days had very obvious trend

, I wonder how it works when correction/sidewise movement starts (I think this may happen now).

In a previous post, you seemed to like about 0.05 per 2K I think. Where as I think I am comfortable with 0.10 per 2K. I say "I think" because it's still to early to say definitely.

Can you tell me the reasons why you prefer the smaller lot size?

Rick

**rsmereka** · 2010-05-18, 08:41 AM

Quote:

Originally Posted by Ken Long

Rick,

These are interesting results, but I'm still a little concerned about the overall quality of this package and how it was presented. Has anyone done any longer term testing that can confirm these results?

Maximizer is still available for $77, I just checked. But I still dont like the way its sold.

I have those same concerns. I really don't like the way it's sold either but if I rejected all EA's based on the way they are sold, I would end up with precious few.

I think piptector referred to some backtests and not liking the Advanced EA based on the backtests but I don't know about the period. How about it pipdetector. Can you post some backtests?

Rick