EvolutionX robot review - Page 4 - Pip Cop

**PipCop** · 2008-11-27, 07:40 AM

Well if you read the stats you can see it's a loser:

Quote:

$7,832 · $-6697

It's carrying -$6697 in draw down! I would not trade with this EA. Did you read the Stats warning & Icon/Color key? If not, you made a mistake!

The only EA I would trade with right now is RoboMiner. it has the

Top Pick award.

**geekguy** · 2008-11-27, 09:38 PM

$-6994 dd right now. This ea would have blown the account. I think we should auto disband any ea that goes over -50% of the account and call is a margin

called EA.

**PipCop** · 2008-11-27, 11:44 PM

I agree it should have an updated icon, I'll come up with something. However, it's not going to get a margin call

today ...

Quote:

Closed Trade P/L : 7 831.91 Floating P/L : -6 945.48 Margin: 2 688.29 Balance: 12 831.91 Equity: 5 886.43 Free Margin : 3 198.14

It has a little more room to go. And quite frankly it could turn around... if it's lucky.

freemenn · 2008-11-28, 06:52 AM

so, what is the best EA you ever trade??
I see 100% of them sucks... yep i never saw an EA that makes money...
I do go much better with manually trading on scalping system i am curently using... Problem is that i cannot stay on my desk the whole day.
If i can find somone who can make a EA for this system would be fine! (must be a good programer)

Happy Pips!

**PipCop** · 2008-11-28, 08:03 AM

I have not used any EA to trade - ever. I am still doing the reviews, as you can see. As I am sure you have heard, you should NEVER use a live account until you've practiced on a demo account for a year. Yes, that is aimed at people just starting Forex, my personal opinion is the same of using an EA. So what if it works great for 3, 6 or even 9 months? What happens if at 10 months it wipes out your entire account?

If you don't have the patience to test and review and EA on a demo account for that long, then you'll lose your money - plain and simple.

With that said, the only one that looks like it might be safe is RoboMiner.

**PipCop** · 2008-11-28, 08:53 AM

Thread icon updated to stop sign as this has had 50%+ drawdown

for more than 1 week.

**Batchboy** · 2008-11-28, 09:46 AM

hopefully you doing only demo!?!?
I looked at the 12 days posted of performance, YEOW! Deep open trade DD's, gaining ok, but how will these open trades close, kinda like RoboMiner or Gridweaver, can be left with open trades for quite awhile! Maybe you were experiencing the deep drawdowns with certain settings?
jerry

freemenn · 2008-11-28, 04:26 PM

of course i use a demo account

i also tested robo miner but for now is is a looser too....(it rund 2 days only for now)

gundam98 · 2008-11-28, 07:31 PM

I would suggest a ranking system based on nett profit = (profit - float)
Thanks for putting additional indication of float..

**PipCop** · 2008-11-28, 07:46 PM

Yeah, I've been trying to figure out a good ranking system, but part of the problem is that I want to keep things as automated as possible. I can't really babysit these and update things every 15 minutes, which is how the icons change currently. I think the current closed P&L is going to have to work for now, and folks will just have to pay attention.

In a few months I have a very new system coming out that will blow you all away.