LIVE - Demark lines robot review - real cash account - BUSTED! -$2719

[PipCop]

Our first contender for a LIVE account is Demark lines (which was previously tested on a demo account here). Found here http://codebase.mql4.com/4039, it is starting with a $100 balance, lot size staggered (see settings file), on an IBFX account which I had available. Let's see how it does.

PLEASE NOTE!
The Quick Stats balance (profits/losses) is multiplied by 50 ($100 x 50 = $5000) to simulate a $5000 account, so you can compare the profits to other demo accounts.
The values in the frame below are actual.

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Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer

live_demark

g3.xp8

[geekguy]

Hey, it looks like it is trading .10 lots, you may want to ensure this is not in error or you'll be stopped out.

[teamrecon]

Yep,

Don't forget to set the lot size for the 4 trades

Neil

[civicsi411]

Great website, where's the donation button so we could buy Pipcop some doughnuts and cup of coffee

[PipCop]

Originally Posted by geekguy

Hey, it looks like it is trading .10 lots, you may want to ensure this is not in error or you'll be stopped out.

Stupid me, I forgot that this EA has FOUR places where you have to update the lot size! I've updated it now, so future orders will be correct. I am going to attach the settings file here for other users.

Originally Posted by civicsi411

Great website, where's the donation button so we could buy Pipcop some doughnuts and cup of coffee

I suppose I could put something up somewhere ... for those of you who have money burning a hole in your pocket!

Let's see if this will work for now:

[PipCop]

Originally Posted by civicsi411

Great website, where's the donation button so we could buy Pipcop some doughnuts and cup of coffee

Ok, find the "Good cop" donut I added to the site.

[PipCop]

And now we're down a bit, thread icon/color updated.

[PipCop]

Just goes to show you have to be careful to make sure the settings on these EAs are correct before you start!

[yahya]

DeMark lines EA trades for DEMO : Alpari

3993317 2008.11.13 00:00 sell 0.10 eurusd 1.2453 1.2572 0.0000 2008.11.13 12:00 1.2503 0.00 0.00 0.00 -50.00

3993307 2008.11.13 00:00 sell 0.10 eurusd 1.2452 1.2529 0.0000 2008.11.13 10:15 1.2529 0.00 0.00 0.00 -77.00

3993288 2008.11.13 00:00 sell 0.10 eurusd 1.2451 1.2502 0.0000 2008.11.13 07:44 1.2502 0.00 0.00 0.00 -51.00

3993270 2008.11.13 00:00 sell 0.10 eurusd 1.2452 1.2482 0.0000 2008.11.13 00:37 1.2482 0.00 0.00 0.00 -30.00

DeMark lines EA trades for LIVE : Interbank fx

30798376 2008.11.13 04:00 sell 0.10 eurusdm 1.2486 1.2606 0.0000 2008.11.13 19:36 1.2606 0.00 0.00 0.00 -12.00

30798371 2008.11.13 04:00 sell 0.10 eurusdm 1.2486 1.2470 0.0000 2008.11.13 08:32 1.2470 0.00 0.00 0.00 1.60

30798367 2008.11.13 04:00 sell 0.10 eurusdm 1.2486 1.2440 0.0000 2008.11.13 08:22 1.2440 0.00 0.00 0.00 4.60

30798361 2008.11.13 04:00 sell 0.01 eurusdm 1.2486 1.2481 0.0000 2008.11.13 05:35 1.2481 0.00 0.00 0.00 0.05


why it is different on Alpari and Interbank ? gap of 4 hours ?
The break of trendline is at 2008.11.13 00:00
and with the default parameters with this EA (trade only at close bar)
the sell order must be send at 2008.11.13 04:00

PipCop do you use the same parameters?
"extern bool TradeAtCloseBar = true;"

Because on live with have profit and we lost on demo

[PipCop]

Originally Posted by yahya

why it is different on Alpari and Interbank ? gap of 4 hours ?
The break of trendline is at 2008.11.13 00:00
and with the default parameters with this EA (trade only at close bar)
the sell order must be send at 2008.11.13 04:00

PipCop do you use the same parameters?
"extern bool TradeAtCloseBar = true;"

Because on live with have profit and we lost on demo

I am not sure the difference. I checked the settings on both EAs right now and they are the same, including the TradeAtCloseBar = true.

This is new to me, so if anyone else can help explain that would be great.