FXGTC Xtreme EURCHF robot review - Pip Cop

**PipCop** · 2009-01-18, 01:19 PM

From www.fxgtc.com comes the XTreme series of robots which they have generously provided to PipCop.com at no cost. It is running with the default recommended settings except a starting balance of $10,000.

I am running FXGTC Extreme EURCHF on this statement, M15 chart.

Here is the statement:

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Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer

fxgtc_eurchf

xp12

**PipCop** · 2009-01-26, 01:21 PM

Restarted this robot as I somehow had it trying to connect to the wrong account which is why it was not placing any trades.

**PipCop** · 2009-01-29, 11:47 AM

Thread title updated for going below the starting balance.

**PipCop** · 2009-07-06, 01:30 PM

Thread title updated for 30 days with all profitable trades.

fxgtc · 2009-07-07, 04:16 AM

Hi,
This is Brian from FXGTC. good to see Xtreme EURCHF running well here. Please note the performance is based on 5pip EURCHF spreads that alpari increased to in the last few months. Now, we are directing clients to a ECN broker

with 2-3 pips Asia spreads on this pair that allow them to increase profit target from 5 to 7pips on each trade improving performance by 40%.
Please also note we have released EURUSD Electron that we will publish here for verification.

Have a nice day.
Brian Pierce,
PR, FXGTC

**PipCop** · 2009-07-14, 08:47 AM

Icon updated for breaking it's winning streak.

**pipdetector** · 2009-07-20, 06:04 AM

I have noticed this EA test only today, and I must admit that it attracted my attention.

fxgtc · 2009-07-20, 07:37 AM

hi,
most importantly it does not holding large open losing trades like other EA with high win rates. This is a very, very dangerous strategy that in long term will blow the account.
The performance is much stronger in ECN brokers, this week we are migrating all the scalping EA to ECN MT4 brokers.
Bear in mind you are seeing performance with 5pips spreads, in FXCBS we are getting 1-1.5pips spreads.

Good Trading,
Brian.

**pipdetector** · 2009-07-20, 08:16 AM

Hi Brian

What's so special about FXCBS that you decided to use they platform (apart from its being ECN). I have noticed that they are not a member of NFA. And they are in the middle of getting a membership in a Quatar equivalent of NFA...

BTW, can we get a demo of the ea?

fxgtc · 2009-07-20, 08:32 AM

hi,
it is the first proper ECN MT4 application available.
Others tried and failed, or have poor liquidity

.
MBTrading are close but not there yet,
FXCM have "no dealing desk" application through BT platform, but are fattening the raw spreads by 1-2pips.
Yes, they are being regulated in Dubai.
Demos are out due to decompiling.

Dealing desks just keep widening the spreads until Robot is ineffective. We have seen them push EURCHF out to 10pips to avoid getting nailed. During this time, The market is only 1-1.5 wide.

The problem is then they marginalise themselves out of business as they become totally uncompetetive in spreads. They are fighting losing battle as EA technology is improved dramatically and they all scramble for ECN trading as the day of client losing continously is over.
We hope MB can also release stable ECN MT4, as they are very honest broker

.