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Old 2009-03-25, 01:23 AM   #1 (permalink)
Rookie Pip Officer
 
Trader for 0 - 1 year
Location: Malaysia
Posts: 12

Red face any EA start with 500 usd and below...

Hi,

I'm consider new to forex environment...
Although, did some reading and research on9 for 3-5 months...
But, still confusing about choosing a real profitable and workable EA.

However all the EA have a Backtest result shown on the website..
But, not all the website showing the forward demo or live account on the website with the requirement below:
  1. Staring balance 500 below (I know not all ppl can effort high capital right?? include me )
  2. leverage 200:1 or leverage 400:1
  3. Provide Most correct and profitable .set file
  4. Support micro and mini account



Can anyone here advice and give some opinion about which EA can fulfill the requirement above?



Below are the EAs i do reserach b4:
  1. FapTurbo v36, v37, v44 PRO &and v47 PRO
  2. Forex Boomerang
  3. Forex Brotherhood Module 1
  4. Forex RoboTrader
  5. Forex AutoTrader
  6. Forex Funnel
  7. PipTronic v1.0 , v2.0 and X
  8. Pipzu Extrapolated v1.1
  9. PipForia Hedge Grid EA
  10. PipBoxer v3, v4 and GridBoxer v1.0.5
  11. Stomper and e-Stomper
  12. EA Shark Ultimate v4.0 Build 02 and v5.0 Build 01
  13. EA Sigma Ultimate v1
  14. USD CAD Terminator
  15. GT-Shadow
  16. RoboMiner
  17. GridWeaver


All have good backtest result but duno which 1 is the real workable and not scam..?

Hope my thread would not close by the forum modulator or admin,
If i wrote any mistake or make sense word plase pm to me and i edit it..


Please Advise...

TQ.
Best Regard To All!!!
have a nice DAy..!
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Old 2009-03-25, 10:18 AM   #2 (permalink)
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and Site Owner
 
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Trader for 2 - 4 years
Location: Sterling, VA, USA
Posts: 1,196
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Any robot that you can set the lot size will allow you to start with a smaller balance. All you have to do is set the lot size to something like 0.01 or 0.001 and you will be okay.

I have started a live account with a few robots here, and have used $200 or less with no problems (other than the robot failing ).

Also, most backtests are bullshit. A forward test is the only real way to determine performance. As you can see from the reviews here, many of the robots have GREAT backtests and the fail under forward testing.

Finally, you can see my $200 RoboMiner account by clicking the MT4Stats.com icon to the left
<------- over here
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Old 2009-04-01, 12:44 AM   #3 (permalink)
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Trader for 0 - 1 year
Location: Malaysia
Posts: 12

Default

Quote:
Originally Posted by PipCop View Post
Any robot that you can set the lot size will allow you to start with a smaller balance. All you have to do is set the lot size to something like 0.01 or 0.001 and you will be okay.

I have started a live account with a few robots here, and have used $200 or less with no problems (other than the robot failing ).

Also, most backtests are bullshit. A forward test is the only real way to determine performance. As you can see from the reviews here, many of the robots have GREAT backtests and the fail under forward testing.

Finally, you can see my $200 RoboMiner account by clicking the MT4Stats.com icon to the left
<------- over here

thank for ur reply PipCop...
if i start with a 500 starting balance, what leverage is suitable for me? if the brokerage i choose is available up to 500:1...
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Old 2009-04-01, 12:26 PM   #4 (permalink)
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Trader for 2 - 4 years
Location: Sterling, VA, USA
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That's a decision you have to make. I like 100:1, other people like 500:1, and everything in between. You should research exactly how leverage works so you fully understand it, and then make a decision that matches your risk level.
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Old 2009-05-05, 01:38 PM   #5 (permalink)
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Trader for 2 - 4 years
Location: United States
Posts: 2

Lightbulb any EA start with 500 usd and below...

Hi all, nice to be a part of the army.
I bought the Griffin Ultimate Expert Advisor (Robot) on my 500 USD Mini Account. It has never undertaken any trade since i bought it for many many weeks.
Please does anyone know about this product or the manufacturer to ascertain its reliability?

Is my account margin the problem or?
Do I really need to overload my account with lots of thousands before a Robot can take a trade (even if its good or bad trade)?
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Old 2009-05-05, 01:58 PM   #6 (permalink)
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Posts: 1,196
My Trading Journal

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Do you see a smilie face in the top right corner of the chart that the robot is placed on?
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> Don't get busted by PipCop ... Read the Rules!
> Questions? Please read the REVIEW FAQ first!

> Have a Forex link? Add it to the Links Directory
> How to link your MT4 statement to your profile
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Old 2009-05-06, 02:40 PM   #7 (permalink)
Rookie Pip Officer
 
Trader for 0 - 1 year
Location: North Bay, ON
Posts: 10

Default

Quote:
Originally Posted by cchong88 View Post
Hi,

I'm consider new to forex environment...
Although, did some reading and research on9 for 3-5 months...
But, still confusing about choosing a real profitable and workable EA.

However all the EA have a Backtest result shown on the website..
But, not all the website showing the forward demo or live account on the website with the requirement below:
  1. Staring balance 500 below (I know not all ppl can effort high capital right?? include me )
  2. leverage 200:1 or leverage 400:1
  3. Provide Most correct and profitable .set file
  4. Support micro and mini account


Can anyone here advice and give some opinion about which EA can fulfill the requirement above?



Below are the EAs i do reserach b4:
  1. FapTurbo v36, v37, v44 PRO &and v47 PRO
  2. Forex Boomerang
  3. Forex Brotherhood Module 1
  4. Forex RoboTrader
  5. Forex AutoTrader
  6. Forex Funnel
  7. PipTronic v1.0 , v2.0 and X
  8. Pipzu Extrapolated v1.1
  9. PipForia Hedge Grid EA
  10. PipBoxer v3, v4 and GridBoxer v1.0.5
  11. Stomper and e-Stomper
  12. EA Shark Ultimate v4.0 Build 02 and v5.0 Build 01
  13. EA Sigma Ultimate v1
  14. USD CAD Terminator
  15. GT-Shadow
  16. RoboMiner
  17. GridWeaver

All have good backtest result but duno which 1 is the real workable and not scam..?

Hope my thread would not close by the forum modulator or admin,
If i wrote any mistake or make sense word plase pm to me and i edit it..

Please Advise...

TQ.
Best Regard To All!!!
have a nice DAy..!

Although it has not been tested by the PIPCOP, I like Euro-Blaster, available at Euro-Blaster.com for my small account. I use 0.01 lots and MM=true. 27 t/p and 500 s/l, and I have seen my $297 LIVE FXDD account grow to $385 in about two weeks. Maybe PIPCOP will consider testing this EA, as I think it is an awesome EA, unlike any I have seen or tested.
BerryBlonde72 is offline   Reply With Quote
Old 2009-05-06, 02:41 PM   #8 (permalink)
Rookie Pip Officer
 
Trader for 0 - 1 year
Location: North Bay, ON
Posts: 10

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see my stats at http://berryblonde.mt4stats.com (there are a few 'droid trades in the two, for good measure).
BerryBlonde72 is offline   Reply With Quote
Old 2009-07-22, 02:26 PM   #9 (permalink)
Rookie Pip Officer
 
Trader for more than 20 years
Location: Boca Raton Florida
Posts: 42

Default

Go to 4xproject.com, they review all EA's and have free ones too. they sort the bad Ea's from the good ones for you
rfolgate is offline   Reply With Quote
Old 2009-07-22, 02:29 PM   #10 (permalink)
Rookie Pip Officer
 
Trader for more than 20 years
Location: Boca Raton Florida
Posts: 42

Default

Quote:
Originally Posted by BerryBlonde72 View Post
Although it has not been tested by the PIPCOP, I like Euro-Blaster, available at Euro-Blaster.com for my small account. I use 0.01 lots and MM=true. 27 t/p and 500 s/l, and I have seen my $297 LIVE FXDD account grow to $385 in about two weeks. Maybe PIPCOP will consider testing this EA, as I think it is an awesome EA, unlike any I have seen or tested.
4Xproject.com reviewed euroblaster and it did not come out that good
rfolgate is offline   Reply With Quote
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