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

[supertrader]

Originally Posted by cogs

GT-Shadow desperately needs to be able to set maximum number of trades for MM.

The MM at present is meaningless unless you can control how many trades/orders are placed.

Another solution would be to have a 'timeout' feature, and no, not manually switching off.

The ranges setting together with the trade range should be enough management for this EA.

[cogs]

Should be but isn't.

There are situations where I want certain range settings but would like to limit 'number of trades'.

This posting was partly intended for the designer (because he doesn't answer questions) to read and attempt to add the feature with next upgrade.

Other EAs provide this feature. The money I paid for my licenses, this should be a basic function.

[PipCop]

Cogs,

Jerry did get back to me, and here is his reply:

I reply to every support e-mail. Sometimes I get someone who asks a lot of complicated questions, and it takes me a day or two.

His suggestions do not fit the idea of how the GT-Shadow should be traded, and I do not plan to implement them.

[PipCop]

And I just noticed that these robots are running with different lot sizes. Brilliant. Two are heavily over-leveraged. Let's see if it can recover.

[LadySarah]

Originally Posted by LadySarah

PipCop,

Can I ask why some of your demo accounts are using 0.1 lots and others 0.01 lots? Surely 0.1 cant be right with just a $5000 account?

I thought it was meant to be 0.01 lots per $2000 in the account, so shouldn't you be trading 0.02 then moving on to 0.03 when the balance reaches $6000?

I told you so. The instuctions say 0.01 lots per $2000 of equity.

[PipCop]

Originally Posted by LadySarah

I told you so. The instuctions say 0.01 lots per $2000 of equity.

Yes, you did. I failed to do anything about it, too, which was my mistake.

[cogs]

Up until recently I have only had positive comments about GT-Shadow but have noticed that if you use strategy tester as a guide for settings on other currency pairs it will dig itself a whole and a domino effect will eventually happen collapsing your balance.

I have tried several currency pairs over the past few months and still the most positive results come from AUD/NZD.

Please don't state the obvious in reply. This EA is customizable so why not try other currency pairs.

My opinion - Stick with Robominer. This will only do the same but costs a lot more with not enough settings.

Thought I should add this:

Refunds:

We have a no refund policy, when you request a live account version of the RoboMiner or GT-Shadow software, we assume that you already tested the unlimited demo versions. Once you are provided with a live version of the software, there is no refund. Because of the digital nature of our primary product, you agree to this no-refund policy that takes effect once you are provided the live account version of the software. You also agree to forfeit resell rights to all products you had rights to and you will be removed from all contributed membership sites and reseller membership sites. You are agreeing that you are purchasing a membership to Forex-Goldmine.net by your own accord without any coercion or intimidation by anyone associated with or not with Forex-Goldmine.net In addition, you agree not to attempt to charge back or dispute any charges made by Forex-Goldmine.net to your PayPal account payment processing listed at Forex-Goldmine.net today or in the future and should contact us first if you are canceling your membership. In the event of a billing error or duplicate billing Forex-Goldmine.net will investigate the matter and issue a full refund if deemed necessary.

[vogelezang]

Originally Posted by cogs

Up until recently I have only had positive comments about GT-Shadow but have noticed that if you use strategy tester as a guide for settings on other currency pairs it will dig itself a whole and a domino effect will eventually happen collapsing your balance.

I have tried several currency pairs over the past few months and still the most positive results come from AUD/NZD.

Please don't state the obvious in reply. This EA is customizable so why not try other currency pairs.

My opinion - Stick with Robominer. This will only do the same but costs a lot more with not enough settings.

The advantage of working multiple pairs should be that if one gets to linger in the middle of a trading range several others should be busy closing transactions and building up equity.

[cogs]

Hi Vogelezang,

What has your success rate been to date using GT-Shadow and trading which currency pairs?

How often do you run strategy tests given the current market change?

Do you leave it running constantly?

[pipdetector]

Here is my piece of mind.

As according to the mathematical proof for RoboMiner/GT-Shadow for AUD/NZD it is assumed that ca 2000 of balance is needed for each microlot for safe trading, I assume that if the price is at the extremes of the ranges, it may be a good idea to make the balance factor smaller (eg. 1000), because "theoretically" the price should go not much higher... Even if the price breaks the upper range , I consider it very unlikely that the move will exceed 50% of the current range . If the price starts falling one needs to scale down so that not to be stranded with double risk at much lower price levels.