BUSTED - GT Shadow forex robot review - 4 brokerages at once!

[Bert]

I used them last year but left because of the extra digit they use. I was told it's an advantage for the broker .
GT Shadow question....when I start GT for the first time, do I have to change the Range Start to what ever the open bid was when I started GT?

[vogelezang]

Originally Posted by duwi

forex.com 's spread for AUDNZD is "as low as 4.5" - as advertised. Anyone with them?

I tried forex.com with gt shadow. It just didn't work. gt-shadow did nothing. The people at forex.com then changed the notation of the spread to 4 digits i.o. 5 and it still didn't work. In the end I just moved to IBFX. On IBFX gt-shadow is working, but with a 0.01 lot size I have profits of approx 1.50 per trade on a practice accoutn and approx 0,40 on a live account. I'm looking around again for another broker .

[Batchboy]

hi,
If this is similar to Robo, then where is the trending left open trades (i.e., floats) ??? I see none for all broker runnings. Perhaps on day like today I just missed them? This can't be this good unless I just became curious as they closed out?
jb

[cogs]

batchboy,

In the time I have been using it, I have found it will leave trades open and give large drawdowns, yes.

In strategy testing you can set it so there are no drawdowns as you go along, if you spedn enough time testing. Unfortunately in reality you still get drawdowns and there seems to be no way of controlling/restricting number of trades placed apart from switching the EA off.

At present the only money management I have found is by controlling "lot sizes" which you can do manually.

If anyone knows of a way to control "number of orders/lots" placed I sure would like to know?

Tip: I wouldn't use the hedge feature (sell while buying) until you find a way to manage "number of orders placed". This hedging will merely dig you a grave for your money.

[cogs]

Has anyone noticed certain trades placed and taken are not taken when the test date period is changed?

eg: strategy test #1
Between dates 16.03.09 and 19.03.09 both buy and sell orders are placed.

startegy test #2
Between dates 10.03.09 and 19.03.09 only buy orders are placed.

Why?

This is one of the most frustrating operations of GT-Shadow whether it be intentional or not.

[dknoll58]

Dear Pipcop:

Does GT-Shadow work with 5 digit after decimal currencies i.e. like FXCM uses? Because looking inside the code it looks like it's setup for 4 digits after the decimal place. Thanks for any assistance.

Dave Knoll

[pipdetector]

Originally Posted by dknoll58

Dear Pipcop:

Does GT-Shadow work with 5 digit after decimal currencies i.e. like FXCM uses? Because looking inside the code it looks like it's setup for 4 digits after the decimal place.

Yes, it does. It took me a while to figure it out and an e-mail to forex-goldmine.net support. You need to add another 0 to the property TradeRange (from 40 to 400) and probably other range related properties. It should be described in detail in the GT Shadow guide.

[PipCop]

Originally Posted by dknoll58

Dear Pipcop:

Does GT-Shadow work with 5 digit after decimal currencies i.e. like FXCM uses? Because looking inside the code it looks like it's setup for 4 digits after the decimal place. Thanks for any assistance.

Dave Knoll

Dave,

Yes it does. You just have to add an additional zero after some settings, as follows:

TradeRange=400 (instead of 40)
TradeWindow=50 (instead of 5)
Slippage =160 (instead of 16)

[dknoll58]

Originally Posted by PipCop

Dave,

Yes it does. You just have to add an additional zero after some settings, as follows:

TradeRange=400 (instead of 40)
TradeWindow=50 (instead of 5)
Slippage =160 (instead of 16)

Pipcop:
Pipdetector:

Thanks guys for the quick response! You guys are great! Thanks again.

Dave Knoll

[supertrader]

I have used GT-Shadow for 3 months now on both AUDNZD and EURCHF on a balance factor of 2000. (yes that is agresive but i can always fund the account when DD becomes too high). Profit so far is about 60%.

I have only used the robominer settings. With these settings it is easy to use another pair that is close to historic highs or lows. You will set the GT-shadow to only trade buy or sell orders depending on where the trade is. If historic lows you only place buy orders if historic highs you only trade sell orders. The idea is not to trade in the middle range as you can potentially have lots of trades open.

Great currency pairs that can now be traded are USDJPY & AUDJPY, you will get good volatility hence more closed trades and closed profits.

AUDCAD can also be traded through whole its historic range over the last 20 years on a 50 pip range .

Introducing 4-5 pairs and increasing the balance factor will make this EA even more safe than it currently is.

Has anyone tried the hedging or the gridweaver settings of this EA. It is very versatily and one of the best EAs I have come across.