Universum 55/50 robot review - CANCELLED - LIVE ACCOUNT

[ElectricSavant]

Why should I up the lotsize?...so I can get a float like Robot Trader?...no thanks...

gambling with Martingale is very dangerous...

any news on the EA Upgrade?

ES

Originally Posted by PipCop

I gotta say it ... this EA is getting it's butt kicked by 10PipsPro, Demark lines, and ForexRobotTrader ... perhaps you should up the lot size?

[PipCop]

Yeah, it's a little scary.

I'm waiting on Brian to compile a new version of his AMCL EA and then I will post it up - probably some time tomorrow.

[ElectricSavant]

The way I feel about Martingale...DO NOT TRADE IT. You can get lulled into a false sense of confidence because you really never lose a trade set....but then that one day arrives....

Do I need to elaborate? ☺

You need to be a seasoned and an experienced trader to withstand and live with martingale day-in & day-out...and then you must have your head examined for attempting to trade such a mathematical progression such as martingale.

The way I manage my emotions is with my projected target...if I am under it I bump up the lotsize if I am over it I back off...I do not set it too high and I think that 30% a year is reasonable. If I had 10K ...30% a year would still be reasonable...it is a percentage and all things stay equal when thinking in percentages...sure the lotsize would be more with 10K...but the martingale progression would remain the same and the lasting capabilities of rifling through the increasing lotsizes remain the same when thinking correctly.

ES

P.S. Remember rich people invest ...poor people gamble.

[ElectricSavant]

I mean the Universum MTF 4.0 EA...right?

Originally Posted by PipCop

Yeah, it's a little scary.

I'm waiting on Brian to compile a new version of his AMCL EA and then I will post it up - probably some time tomorrow.

[ElectricSavant]

For those of you following along...This thread will not be any different tomorrow or next week. We are making a projected of 30% a year here and I will adjust the trades to achieve that and to hold it. We are up to a projected 20% now and I got 0.04 lotsize turned on because the MTF DeMarker is in the zone and not in the exhaustion areas (breaching 0.7 or 0.3).

This EA is a hands-on EA and requires monitoring and adjustments. There is no such thing as set and forget. So the "dialing-in" will be what I write about in here and I use 0.01 to 0.05 lotsize thus far to start the progressions with. We are not gambling and making educated choices to allow this EA to RUN when it needs to...

Now there are other EA's in here that outperform the work in this thread (all of them), but remember this is a live account and this is my money. I suggest those of you requiring more profit to go plop down 5K and trade the other EAS's in here. That is your choice...but when it comes to using your own money....things change. Trading on Demo's your whole life is just a game....when it gets real things change...

The police here are allowing me to present this system ...which I appreciate. There will not be any fireworks or action here...Their server only can handle so many EA's and the day will come when they have bigger fish to fry...but I am writing like crazy in this thread to share as much as I can until that day arrives.

ES

P.S. You know what the funny thing is?...This is a Martingale system and "you-all" should see ElectricSavant blow up...Human nature wants to see that (It's like driving by a car accident)...I know...But this is a conservative boring 30% a year thread OK?

[ElectricSavant]

Now that you folks know me...is there anything that you would like to see in this thread, besides porn?

eS

[PipCop]

Originally Posted by ElectricSavant

I mean the Universum MTF 4.0 EA...right?

Oh, I thought you were talking about Brians EA.

Originally Posted by ElectricSavant

Now that you folks know me...is there anything that you would like to see in this thread, besides porn?

Porn is against the site rules - I would like the site to remain STRICTLY focused on Forex and EA topics please.

For reference - www.PipCop.com/rules

[PipCop]

Unfortunately ElectricSavant has not followed the requirements and has not posted a statement today, so I have no choice but to pull this from live testing.

[Killer-B]

Uhmmmm OK - As the n00bie here, I'll step into it...

WTF happened here?

I tripped across this thread today, read all 5-6 pages with anticipation, just to discover ES and his $5K packed up and left... and been MIA now for over a month?

Something obviously went terribly wrong... Care to close the chapter? And.... What's the final verdict on this EA?

KB

[PipCop]

Unfortunately, ES broke the site rules - not once but twice. He was given a warning, but then decided to insult me, so was given another warning. Apparently, he was unable to act like an adult so he chose to leave the site, which I applaud as I would have banned him on his third "strike". While it is a loss for the community, there are hundreds of other members who will join the site and respect both the rules and the management team (me!) so I am glad to see him gone. I've been running large discussion forums for nearly 8 years now and I have learned that people must obey the rules with no exception, and I will enforce the rules 100% of the time. People who cannot abide by the simple rules I have created are simply not welcome.

The final verdict is that this EA is probably unsuitable for use. Margingale is a terrible system for money management , and almost always will destroy your account equity sooner or later. I sure wouldn't recommend using it!