What does
Pip Cop do?

Icon/Color key
Ordered by equity
RoboMiner LIVE
$427 · $-54 · $1/d
    Updated : 2010-09-03 09:00am CDT
Detailed Stats


Go Back   Home > Forums > Forex Robot Reviews > Previous robot reviews

» Welcome to the Pip Cop - Forex Robot Reviews and forums.
PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
We ONLY forward test on real accounts for the most accurate robot reviews!

Be smart! Read the Review FAQ or you WILL lose money!
If you enjoy the site, please let me know by registering or donating! Thanks! -- PipCop
P.S. This message is hidden if you register!
Previous robot reviews Previous reviews of robots, some good, some bad.
Reply
 
LinkBack Thread Tools Display Modes
Old 2009-03-19, 10:16 AM   #31 (permalink)
Pip Chief of Police
and Site Owner
 
PipCop's Avatar
 
Trader for 2 - 4 years
Location: Sterling, VA, USA
Posts: 1,255
My Trading Journal

Default

I won't be coming up with $10k any time soon, so it'll have to be on a much smaller account.

I believe it's free. I think it is even attached to the first post of this thread for downloading.
__________________
> Don't get busted by PipCop ... Read the Rules!
> Questions? Please read the REVIEW FAQ first!

> Have a Forex link? Add it to the Links Directory
> How to link your MT4 statement to your profile
PipCop is offline   Reply With Quote
   
 
Old 2009-03-19, 10:35 AM   #32 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default If robot continues to success

Quote:
Originally Posted by PipCop View Post
I won't be coming up with $10k any time soon, so it'll have to be on a much smaller account.

I believe it's free. I think it is even attached to the first post of this thread for downloading.
If the robot continues to succeed, I will definately open a 5K account. I will be happy to share my findings.
portal is offline   Reply With Quote
Old 2009-03-19, 03:45 PM   #33 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default Completely off topic

Hey PipCop,

This is completely off topic...I did make a post in te relevant section, however it just made me more aware of how much testing you have ahead of you...

Though I just wanted to "skip the queue" and bring to your attention this ForexRising ea. Here you can view 2 "live" accounts for March, using two different brokers:

http://forexrising.com/results/forwa...multi43391.htm
http://forexrising.com/results/forwa..._multi6492.htm

Both are a $5,000 account and appear to have generated a great return. Maybe it is
an EA to test in the near future

Keep up the great work...
portal is offline   Reply With Quote
Old 2009-03-29, 01:19 PM   #34 (permalink)
Site Supporter
 
Trader for 4 - 8 years
Location: SoCal
Posts: 370

Default

howdy,
Did a 1 month back-test with 1min resolution and found that Auto is not so good compared to Fixed lot size. On Auto it chose initially a large lot size and lost, then tried to struggle back with the smaller lot sizes, never made it in a month, but when I did simply fixed .4 mini on a $1K it had that loser smaller and it went to 25% gain! Has this been observed or commented before on this thread? Just wondering as I have not been following this thread so maybe I'm saying moot stuff?
Anyway, this truly may be a hidden beauty eh? I even had it off for a week recently and then did a double-take looking at + balance of $50 on .04 minis for a couple weeks and now back-test (i.e., holy moly! ), so taking another look to keep this puppy going!
jb
Batchboy is offline   Reply With Quote
Old 2009-03-29, 03:48 PM   #35 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default This Robot Rocks

PipCop has been testing this robot for 4 months. December had a losing month...I personally think it is best to not trade in December due to the holiday season. This could or could not be the reason for the losing month.

However, Jan, Feb and Mar so far have all been profitable months. Furthermore, there is actually a new version of this EA, version v4.3 and it has additional settings, such as sl and tp , and how many trades to open. I have been testing it over a week now, and has been performing as successfully as v4.2.

Backtesting cannot always produce "correct" or "accurate" results. However, I have backtested from Jan to Mar 09, and it made 200% gains. Awesome! Testing in 2008 showed terrible results - however, when was the EA created? Maybe it suits the present market conditions?

3 consecutive profitable months have led me to open a new live account with IBFX for this EA. I have deposited $3K. When the funds go through (sometime next week) I will begin trading with it live, and will happily share my results. I will start with a fixed 0.2 lot, even though I have been demo testing with 0.5 lots with great success. On certain days I will change the lot size to 0.5 for those high $300-$400 winning trades.

I will also continue demo testing with different lot sizes, tp , sl , and order amounts.
portal is offline   Reply With Quote
Old 2009-03-29, 05:02 PM   #36 (permalink)
Site Supporter
 
Trader for 4 - 8 years
Location: SoCal
Posts: 370

Default

Thank you for update. Is this new version something requiring purchase, or it's free also? (url if free please?)

best,
jb
Batchboy is offline   Reply With Quote
Old 2009-03-29, 05:36 PM   #37 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default

Quote:
Originally Posted by Batchboy View Post
Thank you for update. Is this new version something requiring purchase, or it's free also? (url if free please?)

best,
jb
yes, completely free. Url is provided on initial post by PipCop, however, their website is in Russian. Therefore, here is a translated version courtesy of Google:

http://translate.google.co.uk/transl...hl=en&ie=UTF-8

The only aspect I may change when trading this EA, is to close my MetaTrader Platform on a Friday before 6pm, so that it does not make a trade. I wish to do this as the trade may not close, on Friday and you dont what way the market will leave things on Sunday night with that open trade. So far, there has been no damage, except that the trade is open for a longer period of time. Or I might set lot size to 0.1 or even a micro lot to ensure the safety of Fridays trade.

Better safe than sorry. NO need to be greedy

Enjoy!
portal is offline   Reply With Quote
Old 2009-03-29, 06:03 PM   #38 (permalink)
Site Supporter
 
Trader for 4 - 8 years
Location: SoCal
Posts: 370

Default

Portal,
I saw lower on the page a v3, but no v4.3. Perhaps you could help us all by uploading it? Appreciate, when you have a little time, thanks so much.
jb
Batchboy is offline   Reply With Quote
Old 2009-03-29, 06:16 PM   #39 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default My apologies

"v3" seems to be the new EA with the additional settings. I did not read the name correctly.

My apologies.
Thanks
portal is offline   Reply With Quote
Old 2009-03-29, 06:19 PM   #40 (permalink)
Donating member
 
Trader for 0 - 1 year
Location: UK
Posts: 28

Default

I actually like PipCop to confirm which EA is new, as I cannot sem to find v4.2 on their site...only v2. Maybe I am using older version?...though why would new version have basic settings. Strange.

Please confirm this PiPCop.
Thanks
portal is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes





All times are GMT -5. The time now is 09:10 AM.

Powered by vBulletin ®
Site content and design Copyright © 2010 PipCop, LLC.
Site designed, hosted, and maintained by One Web Ave
Template by vBSkinworks.
Content Relevant URLs by vBSEO 3.3.2