EvolutionX robot review

[marlintrdg]

I'm just glad more and more EA forward testing sites like Pipcop are showing all these EA's in a real world environment and how none of them really work.

It cost ALLOT of money to do this sort of thing and theirs also to keeping the standard of testing consistent and within the developers parameters takes many hours.

I hope this will save many traders the utter frustration not to mention the hundreds of hours it takes to test supposedly turn-key commercial EA's.

I've tested many 100's of EA's in every forex forum, (outside of the dozen's commercial EA's tested), I know of, on many occasion's with the developer and programmer setting out the test changing 100's of setting running really big servers optimizing settings trying to get one to work.

If it's of any help, the least sophisticated and simpler the EA is they seam to live the longest. IE timing breakouts, and SMA types, anything with more than 3 sets of filters don't last long, the bigger the chart Christmas's tree the bigger the blow up.

I have also purchased and tested stand aloe bots that work with TradeStation and FXCM that cost allot more money than the run of the mill MT4 stuff, same result, They just have better marketing..

I think with the current market black & brown box meltdowns across the securities world this seams to be an industry wide problem and not just retail forex.

In my 12+ years of trading only the EOD systems seam to last and pay the bills..

I do this more as a hobby now, BUT I keep hoping.

Good Luck and happy testing.

EDIT: It looks like wide spreads took out this bot in a few hours last night after a week of smooth sailing.

I'm only going to run this bot 1am to 1pm est and see if it will last a month, heck paid for it got to see if theirs some hope for it.

Never give up never surrender !!

[peteronmaui]

Hi Pipcop, I understand your desire to let this run 100% mechanical, but here's what I don't understand: You started this demo with $ 5,000 on 11-11-08. Now after three months it's up to $ 32,900, with a drawdown of $ 12,400. If you closed everything now, you would be left with $20,479, a profit of 409% in 3 months (Wow!!!) The best part would be, that it would 'free up' the system again to do what it's best at doing, which is tons of trades with lots of pips. Right now it's just 'stuck'. When you started trading it, it had hundreds of trades in the first three days alone, now it had 14 trades in the last three weeks. I just think that sometimes a bit of manual intervention is a good thing. I have closed everything a few times in my demo, if it ended me at a higher balance than when I closed everything previously. Usually it starts trading again right away, making up for my loss within two days.
Just my 2 cents.
Peter

[PipCop]

Hi Peter, I agree that it would probably be "best case scenario" if I did that. However, by not doing this we are seeing "worst case scenario". Hopefully, by testing the worst it can do the results will let people know what happens if you just let things run.

Besides, as much as I would love to sit and fiddle with all the robots, I am simply far too busy to do so. I can't even begin to list the other things that are going on that I am trying to do for the site, and then I have my day job, and then I have my home life as well. Besides, if I do it for one robot, am I going to do it for all of them? What's fair at that point ? And then, of course, I would actually have to review each robot, each statement, and decide when I should take action. I prefer to have a very strict "rules based" system for everything so visitors can come and see "Ok, he changed this on this date and this is why, and that will always happen." The last thing that I want to see is someone saying "Hey, you changed this robot here, but not this one, and then these other two but that doesn't make any sense why you did it or when or how or ..." etc. I am trying to minimize to confusion as things are already quite complex on the site as is.

However, I would like to see how this behaves on a live account, and once I get some more money flowing into the site I'm going to set it free and see how it works.

[peteronmaui]

Originally Posted by PipCop

.
However, I would like to see how this behaves on a live account, and once I get some more money flowing into the site I'm going to set it free and see how it works.

I would suggest minimum $ 500 for a mini account. I had a draw down of $250 on a mini yesterday. Since we have fixed lot sizes here, and not % of Equity, starting with $300 would cut it very close.
Peter

[Simmo303]

The key to success with this 'bot seems to be a high deposit relative to the trade size.
I started a demo account with $350 on the 2nd Feb using the micro version at Ibfx.
There are 9 buys and 9 sells open. The balance is now $1054 and open positions show -404.
I have manually closed some profitable trades from time to to time. The 'bot then fairly quickly opens new trades. Slight oddity in that the prog doesn't always take profit when I thought it would but when I close the trading platform then restart it, the 'bot then closes some of the good trades.
If I closed all trades now, that would be $280 profit - that's impressive on a deposit of $350.

[rsmereka]

The key to success with this 'bot seems to be a high deposit relative to the trade size.

Agreed. I started with a demo account on Feb 9th with an initial amount of $3,000 on a standard lot account (the minimum suggested by the website) and I currently have an 81.27% drawdown . True, the balance has jumped to just shy of $5,000 in just over a week but the drawdown is massive. I am wondering whether my demo account will blow.

Slight oddity in that the prog doesn't always take profit when I thought it would but when I close the trading platform then restart it, the 'bot then closes some of the good trades.

I encountered the same thing yesterday on a Vista machine. I just finished installing some OS updates, restarted and Evo 'woke up' and close some orders for a huge profit. I thought the DD would decrease after this but the EA turned around and opened a pile of buy orders.

The DD (in percent) seems to be greatly reduced when the account balance is really high and the lot size remains the same. Pipcop's demo, as an example. It started with really high DD but now, it's down to around 30-40% (currently at 37.9%). This is still a massive DD but it is not in the range that would threaten the entire account equity.

Rick

[peteronmaui]

This EA keeps me wondering. The standard version works pretty good, although I manually close positions when it gets stuck for too long. Today for the first time I am seeing a 0.8 trade lot size. Approaching 100% within a month. The mini version doesn't work so well, it always gets stuck. I wish I could trade the standard version on a mini account. By the way, Pipcop, why are Equity/Balance on the Live Quick Stats different from Equity/Balance on the Alpari scroll down window?

[PipCop]

Originally Posted by peteronmaui

By the way, Pipcop, why are Equity/Balance on the Live Quick Stats different from Equity/Balance on the Alpari scroll down window?

Did you read the Review FAQ? It's covered there.

Basically it's a 15 minute lag between the statement and the Quick Stats.

[TraderEU]

Originally Posted by Simmo303

The key to success with this 'bot seems to be a high deposit relative to the trade size.
I started a demo account with $350 on the 2nd Feb using the micro version at Ibfx.
There are 9 buys and 9 sells open. The balance is now $1054 and open positions show -404.
I have manually closed some profitable trades from time to to time. The 'bot then fairly quickly opens new trades. Slight oddity in that the prog doesn't always take profit when I thought it would but when I close the trading platform then restart it, the 'bot then closes some of the good trades.
If I closed all trades now, that would be $280 profit - that's impressive on a deposit of $350.

I agree with you, and that the way trading using this EA. We have to monitor. I goto lot of profit using this EA. Thanks for the developer.

[peteronmaui]

Originally Posted by PipCop

Did you read the Review FAQ? It's covered there.

Basically it's a 15 minute lag between the statement and the Quick Stats.

It was about the $ 5,000 difference, Now I see that in Quick Stats you only list Profit/Loss and Drawdown without the original $ 5,000 starting balance.
Peter