Tfot - Page 8 - Pip Cop

Merrygoround · 2012-02-20, 03:35 PM

Based on the advice of Rick, I have decided to discontinue the demo of Tfot. It is running next to FH and could cause DD problems in the future. FH seems to be running smoothly there, and you do not really need an Alpari demo for TFOT. During the time of the demo it seemed to perform slightly better than on a real account with different broker

, but not dramatically better. I am not doing this because of the bad performance of Tfot since it's release, I still think that it will pick up the rising trend

, but at the moment it does not fit into my choice of strategy. Also I can run only so many MT4 sessions on my VPS without causing memory issues.
TFOT's performance can still be viewed on the official myfxbook.

Merrygoround · 2012-02-27, 01:47 PM

On the vendor's myfxbook the equity is now -30% and still dropping. Something is very wrong with this version of TFOT. The USDCAD trades are largely responsible for the negative pips. On one hand it is a good thing that they are showing it on a real account, so they now how their clients feel. But you have to give them credit too for showing bad results, not many vendors are willing to do that.
To be honest I would not be surprised if after a while this TFOT 3.1 will have disappeared from myfxbook. What a letdown after 2.0.

**rsmereka** · 2012-02-27, 02:35 PM

Agreed,

Total letdown. I am not sorry for dumping it when I had the chance.

Rick

Merrygoround · 2012-03-06, 02:03 PM

Today v4.1 was released. I do not know which defect this version is meant to fix. I suppose the terrible USDCAD trades urged them to release this. I tried to install it on a demo on my VPS, but my MT4 session crashes each time I try to install this new version.

Because of the annoying IP authentication I cannot backtest it on a pc with large enough memory, but only on my VPS with limited memory. In the file name it says that this version is protected. Against what? Obviously they did not try to install this in a testing environment. I learned to be very carefull with new TFOT releases. It should run at least 2 months on demo before going live.
First see if I can get this to work...

**rsmereka** · 2012-03-06, 03:35 PM

Quote:

Originally Posted by Merrygoround

Today v4.1 was released. I do not know which defect this version is meant to fix. I suppose the terrible USDCAD trades urged them to release this. I tried to install it on a demo on my VPS, but my MT4 session crashes each time I try to install this new version.

Because of the annoying IP authentication I cannot backtest it on a pc with large enough memory, but only on my VPS with limited memory. In the file name it says that this version is protected. Against what? Obviously they did not try to install this in a testing environment. I learned to be very carefull with new TFOT releases. It should run at least 2 months on demo before going live.
First see if I can get this to work...

I hope it works out for you,

Please keep us informed.

Rick

Merrygoround · 2012-03-09, 05:57 PM

I am afraid it will not work out for anyone. I finally managed to get passed the authentication and install it. Backtests of v 4.1 do not seem very promising though. Mostly red pips since January 2012, much like version 4.0. I will only forward test it on EURUSD on demo. USDCAD is just too much risk.
I was wrong in thinking that this EA was free of any underlying assumptions. It has been specifically tailored to the peculiarities of the EURUSD currencypair. That should have told me something. At one time or another the typical market patterns of a currency pair

can change, and so the logic of any currency

-specific EA -exploiting a temporary property- is rendered invalid.
I will let it run for two more months. If it has not shown any profit by then, we have another candidate for the EA scrap-yard

.

An expensive mistake on my part, and even more so for the vendor. The vendor's fxbook is now almost down to -50%. Real money.

**Batchboy** · 2012-03-09, 07:05 PM

I confess. :-( bought TFOT before Xmas (fortunately for few hundred dollar holiday discount). Soon had to switch my Finfx micro lots to 1 (.01 lots) lowest size, but since then it dug a further hole down to $613 from $675, so sadly I turned it off.
I was so sold on seeing 300% in over a year right on myfxbook with 2 green checkmarks is why I was quite impressed, you have to admit, we don't see this very often at all. Problem is many of us don't have $10K to gamble on Pro acct AlpariUS to get those favorable conditions. Been wrangling with Boris on myfxbook discussion board about usefullness for smaller accts.
Nevertheless, my Finfx is doing not only as bad as their AlpariUS since Xmas plus a bit worse.
I am letting my ibfx continue with it at one penny pip (.01 mini) <$120 acct> to see if "she" returns to healthy moves. If it can start crawling up again I can consider turning my Finfx back on.
Sure wish Boris wasn't such an expensive site. He gives appearance of knowing what he's doing, but I don't know anymore.
Jb

Merrygoround · 2012-03-31, 07:01 AM

Quote:

Originally Posted by Batchboy

Sure wish Boris wasn't such an expensive site. He gives appearance of knowing what he's doing, but I don't know anymore.
Jb

I had the same impression when doing business with him. I did not think that this EA was capable of blowing up an account. The official fxbook is now at -63% and still going down. Will Boris let it all go up in smoke or pull the plug on it? It is due to the USDCAD trades, the Euro-dollar trades are around the no gain/no loss line. The latest update didn't fix anything, it seems. I can understand that some predefined set of trading rules cannot always agree with market conditions, but this is proof that there is a serious design flaw in it. I am still hopeful that v2 will pick up the uptrend again later. I don't believe that such a "monster performer" can become useless in a few months' time.

**Batchboy** · 2012-03-31, 08:44 AM

Quote:

Originally Posted by Merrygoround

I had the same impression when doing business with him. I did not think that this EA was capable of blowing up an account. The official fxbook is now at -63% and still going down. Will Boris let it all go up in smoke or pull the plug on it? It is due to the USDCAD trades, the Euro-dollar trades are around the no gain/no loss line. The latest update didn't fix anything, it seems. I can understand that some predefined set of trading rules cannot always agree with market conditions, but this is proof that there is a serious design flaw in it. I am still hopeful that v2 will pick up the uptrend again later. I don't believe that such a "monster performer" can become useless in a few months' time.

UNLESS...... He technically found a way to fake myfxbook and we we're being bamboozled. But I "talked" with myfxbook, their set-up "talks" directly with broker

's server, so unless one could have a server to connect to that would echo that it is AlpariUS at same server ip.....well....it's nearly impossible, so results are highly for real, gave up on usdcad soon as I saw after holidays it didn't look good, sticking with eurusd. But even then I'm only got my penny-pips going on ibfx 'til TFOT starts behaving. At least for eurusd its not sinking that much more.....errr....ahhhh....well.....hmmm....have to see how current trade wil close early this week.
Think reason he's not pulling plug on both pairs is it showed excellent back-test so should pull thru, but yeah, your right, he's lost a lot on that faith. Will write him to see if he should be doing that.

Merrygoround · 2012-04-05, 05:16 PM

Today I saw something in TFOT´s recent trade history that I find very disturbing. I have made a screenshot and attached it to this post.
This kind of behaviour is proof to me that this EA is programmed in a sloppy way. Opening and closing trades one right after the other is very dangerous behaviour. This can cause a complete melt-down of an account, if it goes on for several minutes. It is caused by an indicator

, that is indecisive, e.g. when two moving averages are close to each other and criss-crossing for a short

time. The EA decides to open a trade, but the trade becomes invalid because the lines have crossed a few seconds later, and so it closes it. The small losses keep accumulating.
I know this because I had the same trouble when builing EA´s of my own. In backtests it happened to me more than once that the test account blew because of indicators "in doubt".
Maybe it is not as bad as I perceive it, but this opening and closing should not be happening!