FXReports.net Excalibur v3.5 forex robot review - Cancelled

[reinerh]

i read somehwere last night that it uses a common indicator for its trading decisions.

does anybody know??

[Pheniox_Bernard]

First order of the day here would be to thank this site for running the current independent test here.

Although we have our own servers running with Investor login information it is an added compliment to have an outside firm run the same test on the Excalibur V3.5 Automated System Platform.

Although designed to run on four currencies to offset any losses on one time frame it will be interesting to follow the results based on the one currency here and one time frame.

Excalibur 3.5 is a trend trading system and and has proved itself since October 2008 to be extremely good in entering the trade at the proper time.

Some readers have logged into our main site and have confused our main company, FX Reports , a News Trading Service with the Excalibur Product line, so in an effort to clarify this I have logged in to explain it a bit better.

Our News Trading service is a monthly subscription. I will not note the fee here, as I am not trying in any way to promote the News Trading business, rather to clarify the Excalibur Line of Products and separate the two.

Excalibur 3.5 and our other line of Automated systems are a commercial products that are marketed and sold outright, in a limited edition, only 500 copies,, of any product and then removed from the market, in an effort o ensure proper support.

No system developed by our company is ever over sold or over marketed.

Excalibur 3.5 is $ 695.00 a one time purchase with alifetime support followed by a lifetime of updates as they arrive. We also have a extremely affordable purchase plan in place for those traders that do not have the finances to make an outright purchase.

To follow our past performace and support on the Excalibur 3.5 Porject simply log into our site mentioned in the link at the top of this thread and request a demo version. Full access to our support forum comes with all demo requests. Our support forum is the best place to find the answers you need and post questions you want answered.

Our profession members, all seasoned traders will be there to answer any and all questions related to Excalibur 3.5 and other trading questions asked and posted.

I myself am available via e-mail and through direct phone contact, yes I publish my office and personal phone number and work 18 hours a day on support and programmimg.

I look forward to the members here getting involved in the Excalibur 3.5 project ,, our other currently running projects and making as many pips as possible over the years.

To Success
Bernard Balan
Senior Trader
Fx Reports

[plypun]

I think this is a good EA.

[ironman3401]

I noticed on the statements the stop loss is the same as the entered price which im guessing is adjusted afterwards. what is the initial stop loss when the trade is opened?

[wannaberich]

Well i downloaded the demo and this does not work with my broker , does anyone have a solution for me, i contacted the Excalibur support team but no one will respond or give me a solution that works, help required.

This is my error message

2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: OrderSend error 147
2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: Error setting SELLSTOP order: expirations are denied by broker (147)
2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: Error setting BUYSTOP order: expirations are denied by broker (147)

baisically this just keeps repeating the same message as it tries to open a trade, there are dozens and dozens of the same message :_)

[1ka]

Originally Posted by wannaberich

Well i downloaded the demo and this does not work with my broker , does anyone have a solution for me, i contacted the Excalibur support team but no one will respond or give me a solution that works, help required.

This is my error message

2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: OrderSend error 147
2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: Error setting SELLSTOP order: expirations are denied by broker (147)
2009.02.23 11:44:59 2008.12.16 12:57 Excalibur V3.5__EUR_USD_30m EURUSD,M30: Error setting BUYSTOP order: expirations are denied by broker (147)

baisically this just keeps repeating the same message as it tries to open a trade, there are dozens and dozens of the same message :_)

Looks like your broker will not allow the EA to set a pending trade that has an expiry time. Unless you can hack the code to change this, then there is not much you can do (other than to change broker ).

[wannaberich]

Yes i think you are right, i only have this problem with this EA, i may have to change brokers if this can not be solved, not sure why no one else has reported this issue, or why those that created this EA have no solution

To me if this problem can not be solved from those that created the EA then that is very poor service if you ask me, thanks for your reply anyhow

Originally Posted by 1ka

Looks like your broker will not allow the EA to set a pending trade that has an expiry time. Unless you can hack the code to change this, then there is not much you can do (other than to change broker ).

[PipCop]

Unfortunately not all brokers support the standards within MetaTrader. I can't say that is the fault of the programmers. There are dozens of brokerages out there, and if they don't support the basic standards of trading Forex then I'd be inclined to find a better broker !

[greatwealth]

Infomation from their website indicates that it cost $695 for outright purchase or $80 per/month for
their subscribers.

[Pheniox_Bernard]

Originally Posted by ironman3401

I noticed on the statements the stop loss is the same as the entered price which im guessing is adjusted afterwards. what is the initial stop loss when the trade is opened?

Stoploss is 50 pips on the 30 minute chart and 100 pips on the daily charts.

Bernard