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PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
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P.S. This message is hidden if you register! | | Previous robot reviews Previous reviews of robots, some good, some bad. | 
2008-11-18, 02:53 PM
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#21 (permalink)
| | Pip Officer
Trader for 8 + years
Location: Maui
Posts: 60
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I have an IBFX mini demo, leverage  1:200, and started with about $ 8,000. System is taking trades with EvolutionX mini, but such minimal lots, each pip is only worth one cent. Do I need to change some ssettings?
Thanks | 
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2008-11-18, 03:43 PM
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#22 (permalink)
| | Pip Chief of Police
and Site Owner |
Sounds like you have the lot size too small for the leverage . This EA review is running on a 100:1 leveraged regular account. You are running 200:1 on a mini account, which will make a big difference. And which version are you using? The mini version or the regular one? | |
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2008-11-18, 07:47 PM
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#23 (permalink)
| | New user
Trader for 2 - 4 years
Location: Malaysia
Posts: 7
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The float is huge.. it keeps holding the trades and open multiple lots (martingale style i.e. 0.2, 0.4, 0.8) to compensate lost.. If keep trending for too long, this will get MC. I have tried it last time, the equity up % is too slow. The "floats" is the problem... | |
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2008-11-18, 08:07 PM
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#24 (permalink)
| | Pip Officer
Trader for 8 + years
Location: Maui
Posts: 60
|
I am using the Evolution_X mini on a IBFX mini account with 200:1 leverage .
I already changed 'lots' in the EA from 0.01 to 0.1, but it doesn't seem to make a difference.
Peter Quote:
Originally Posted by PipCop  Sounds like you have the lot size too small for the leverage . This EA review is running on a 100:1 leveraged regular account. You are running 200:1 on a mini account, which will make a big difference. And which version are you using? The mini version or the regular one? |
Last edited by peteronmaui; 2008-11-18 at 08:08 PM.
Reason: made mistake
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2008-11-18, 09:32 PM
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#25 (permalink)
| | Pip Detective
Trader for 2 - 4 years
Location: Colorado / NZ
Posts: 145
Trading Live with: Forex Funnel
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Quote:
Originally Posted by gundam98 The float is huge.. it keeps holding the trades and open multiple lots (martingale style i.e. 0.2, 0.4, 0.8) to compensate lost.. If keep trending for too long, this will get MC. I have tried it last time, the equity up % is too slow. The "floats" is the problem... | This is a problem indeed- Didn't realize this was its trading style till after you had mentioned it, as now I have 10 trades open (5 buy / 5 sell) but all are at .10 so I was going to argue the point ....  However, looking at PipCop's demo account, I see it has indeed "martingaled"... .10, .20, .40 etc. - Also, the Float is HUGE! - He has $1800 in negative float against $1800 in closed profit (give/take on both)... but that's still a huge risk...
I run Jitterbug for martingale - as it places hedge orders if things get too out of whack - plus it will TRY to go back and recover negative trades...
Since this appears to really be a martingale EA - I'd propose running Jitterbug against it on a /CHF as it has good swings -
Just my 2 cents
KB  | |
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2008-11-18, 10:05 PM
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#26 (permalink)
| | New user
Trader for 2 - 4 years
Location: Malaysia
Posts: 7
|
Quote:
Originally Posted by peteronmaui I am using the Evolution_X mini on a IBFX mini account with 200:1 leverage .
I already changed 'lots' in the EA from 0.01 to 0.1, but it doesn't seem to make a difference.
Peter | It's hardcoded for EvolutionX = 0.1 lot and EvolutionX_mini = 0.01 lot, it won't make any difference if you change the lot size because the code don't follow the variable but the lotsize in the code. If you want to change, you have to open the mq4 file and modify accordingly... I found that one of the code between EvoX and EvoX_mini, there is a mistake  Ahh... I stopped this EA in demo..... | |
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2008-11-18, 10:07 PM
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#27 (permalink)
| | New user
Trader for 2 - 4 years
Location: Malaysia
Posts: 7
|
Quote:
Originally Posted by Killer-B This is a problem indeed- Didn't realize this was its trading style till after you had mentioned it, as now I have 10 trades open (5 buy / 5 sell) but all are at .10 so I was going to argue the point .... However, looking at PipCop's demo account, I see it has indeed "martingaled"... .10, .20, .40 etc. - Also, the Float is HUGE! - He has $1800 in negative float against $1800 in closed profit (give/take on both)... but that's still a huge risk...
I run Jitterbug for martingale - as it places hedge orders if things get too out of whack - plus it will TRY to go back and recover negative trades...
Since this appears to really be a martingale EA - I'd propose running Jitterbug against it on a /CHF as it has good swings -
Just my 2 cents
KB | I am not sure if Bluto will give Pipcop a demo version of JB4 for a test here.. | |
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2008-11-19, 04:33 AM
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#28 (permalink)
| | Pip Detective
Trader for 2 - 4 years
Location: Colorado / NZ
Posts: 145
Trading Live with: Forex Funnel
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I'll drop him a line and see.... I know he's super protective about his code(s) - but if it stayed in-house only for PC... Could be a boost for him... | |
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2008-11-24, 11:21 AM
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#29 (permalink)
| | Pip Sergeant
Trader for 2 - 4 years
Location: Cambridge, MA
Posts: 324
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Just waiting to see the explosion! Either direction it will certainly make an impact.
__________________
please post a rating for PipCop on the ForexPeaceArmy.com forum | |
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2008-11-27, 03:06 AM
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#30 (permalink)
| | New user
Trader for 4 - 8 years
Location: italy
Posts: 4
| Not good.... sorry
Hi,
I try this EA this night, and left it run 7 hours. It dropets my 10K account to 9.068K 95% of all trades are loosers..
I try this on Eu/US (2AM 9AM Rome time)
I also let it run on eu/JP just because there market was open in that timezone.
Sorry probably i made something wron but for now it is really a looser. | |
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