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Tom'sEa WPFX LIVE (由 TomsEaWPFXlive)

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Tom'sEa WPFX LIVE讨论

Aug 17, 2011 at 20:57
59,738浏览
1,196 Replies
会员从Nov 06, 2011开始   181帖子
Nov 29, 2011 at 18:35
Lobotomy8,

do we assume from the above that you were trading minilots?
会员从Sep 14, 2011开始   140帖子
Nov 29, 2011 at 18:37
Dustin, there must be a fundamental misunderstanding here.

The user sets up 2 inputs only: % of risk level per pair and hedge function on or off.
Having set these inputs up, as far as I know, the user has NO influence on the lot size.
The lot size is managed by your EA, so who should be blamed for an inadequate lot size ??
会员从Nov 06, 2011开始   181帖子
Nov 29, 2011 at 19:18
Dustin,
thank you for the continued participation.


   I am typically pretty quiet on these forums because a very small few of our overall user base is on this particular forum and therefore the majority of my input shows up through new videos etc. in the members area. That said I do want to make an attempt at answering some questions and clarifying certain points.

Is there a more active forum of actual users? The creation of one in the member's area would be good. I feel that for the amount invested there should be a bit more transparency and communication. Nothing much changes in the members area.


The equity line is the balance of the account plus or minus open positions. This means that it takes into account any open positions.

Still, visible open trades would be good.


To Fughe and your distrust....ask that anyone who used the EA prior to 1.88 and did not experience this simply state that. I'm not really sure how many people are monitoring this but hopefully this can be cleared up easily enough.

I think I might be speaking also for others, and I would not be particularly interested in discussing pre-release beta versions.
What interest would we (the buyers or potential buyers) have in discussing results from a v0.87 release from 1983?


If you are uncomfortable with this type of strategy you can always create some mental level in which you pull the plug. I would say this should be in the 40 to 50 % area. This is up to you and I have not seen this EA go that far unless used outside the guidelines.

As we have identified that the possible Achille's heel of this martingale is strong trends, could it not be possible to place within the EA a kind of 'max drawdown allowed' setting or perhaps a choice to increase or decrease hedging capabilities. (The EA would the open more or less positions as the price moves against us, depending on margin available and hedging policy of the broker, some only require 50% margin for hedged positions)


Also, as we enter the holiday season we will likely be phasing out of some of our trading. The WPFX account will be dropping down to just one or two pairs at risk level one and we will likely do the same with the Tradency accounts.

Dustin, you casually mention above that you will be reducing risk on entering the holidays. This is the kind of communication that should be present and regular to members. Advise and tips on how and what. They would go a long way..

会员从Oct 05, 2011开始   60帖子
Nov 29, 2011 at 19:46 (已编辑 Nov 29, 2011 at 19:49)

   lobotomy8 posted:
   Dustin, there must be a fundamental misunderstanding here.

The user sets up 2 inputs only: % of risk level per pair and hedge function on or off.
Having set these inputs up, as far as I know, the user has NO influence on the lot size.
The lot size is managed by your EA, so who should be blamed for an inadequate lot size ??

This goes deeper than lot size, we are talking about lot type and that is a product of the account type. If you have a mini account all trades will be minis or larger regardless of the EA programming it will not be able to trade a lot size smaller than the minimum allowed. The same goes for a standard account. On these types of accounts all trades will be standard or higher. None of this is in our hands. This is decided by you when you open an account. Some brokers offer micro accounts, mini accounts and standards accounts, while others like www.worldprofx.com which is the one that the display account is using use whats called a flexi account which allows you to trade any of those sizes from one platform. It is up to you to choose the account type that you want. All we can do is direct you to use a micro for anything under 100k but it is up to you to open that type of account.


  tradingshed posted:
   Is there a more active forum of actual users?

We are working on getting a forum set up in the members area.



  tradingshed posted:
I think I might be speaking also for others, and I would not be particularly interested in discussing pre-release beta versions.
What interest would we (the buyers or potential buyers) have in discussing results from a v0.87 release from 1983?

I have no interest either I was simply trying to clarify that at no time regardless of versions did we ever purposfully put out an ea that traded larger with the intent of misleading anyone.


  tradingshed posted:
As we have identified that the possible Achille's heel of this martingale is strong trends, could it not be possible to place within the EA a kind of 'max drawdown allowed' setting or perhaps a choice to increase or decrease hedging capabilities. (The EA would the open more or less positions as the price moves against us, depending on margin available and hedging policy of the broker, some only require 50% margin for hedged positions)

We could add a user defined variable that would liquidate all positions at a certain point and I can look into having that added. Regarding the change in the hedging capabilities we have worked on this a lot and found that you will carry much larger draw downs if you increase this. Also allowing this to be user defined also completely changes the dynamic of this EA and how it works. The EA was not designed to be a fit all and I dont think it will ever be what everyone wants. But for those looking for an EA that has the potential to product good returns with minimal set up and effort this is a good fit.


  tradingshed posted:
Dustin, you casually mention above that you will be reducing risk on entering the holidays. This is the kind of communication that should be present and regular to members. Advise and tips on how and what. They would go a long way..

I casually mentioned it in here because people asked about it. Our official response on this will be released December 1st via email to all members along with some information on some additional improvements made to the tradency platform that will better fit this strategy.

Also, regarding showing positions. We will be posting all this info for the two accounts that are acting as master accounts for Tradency very soon in the member area.
会员从Jan 31, 2011开始   724帖子
Nov 29, 2011 at 20:03

   tradingshed posted:


To Fughe and your distrust....ask that anyone who used the EA prior to 1.88 and did not experience this simply state that. I'm not really sure how many people are monitoring this but hopefully this can be cleared up easily enough.

I think I might be speaking also for others, and I would not be particularly interested in discussing pre-release beta versions.
What interest would we (the buyers or potential buyers) have in discussing results from a v0.87 release from 1983?


You must not have been in forex very long. My point about the risk percentage issue is.....this EA had apparently been in beta testing for quite sometime. The version released right before the official sale started had a minimum risk hard -coded at 10%. So if you put v1.87 on a micro account with $10,000 balance......the initial opened position would be 0.1 lot....EVEN THOUGH it could have opened 0.01 lot. AFTER the sale, when v1.88 was released, the EA risk was reset to run at 1%. So, when v.188 is put in a micro account with a $10,000 balance, the initial position size would be 0.01 lot. The point is, they are about making money. a 2 week trial period is enough (at 10% risk) to get the dollar signs rolling, but a short enough time to keep any disastrous account blowing outs to a minimum.

Now.....let me make this clear. I have paid for services with Dustin before, and may very well do so again. A good example is the Elemental Trader package. The harmonic indicator they were selling with it is popularly known as ZUP, and is available for free all over the place. They were selling the package for $2000. They used the indicator to get people hooked in (marketing tactic). Now....there is nothing wrong with marketing, but I highly dislike marketing like this. That said.....the REAL value of the course was in the learning materials and support they offered. I effectively received a college course in harmonic trading for $2000. I would much rather they have sold the Elemental trader package by promoting the training part of it instead of the 'proprietary indicator'.

That said, the whole process of having a 10% risk in the EA before, and changing it to the proper 1% after is the same type of marketing tactic...In My Opinion. Unfortunately, to get people to pay $2000 (so they can quickly make back their investment and turn a big profit), this type of marketing is necessary.

In both cases, they were not selling junk. But, they are also not doing anything to prove themselves to be trustworthy either. There is only one company I have seen so far to date that has proven to be trustworthy. That is TulipFX. They presented the information about their product without any hype and gave you the price up front. When they had determined that the market had changed enough that their main EA was not performing as they expected it to, they stopped charging people the monthly fee until they either were able to change the EA to deal with the new market movement, or the market resumed it's previous behavior. I had 2 licenses with this company. One I paid the $2000 upfront for, and the other I paid the monthly fee for. In the months that i had it running (currently stopped due to the crazy market behavior) I made far in excess of the amount I paid for it. i was running these licenses on 2 $5000 accounts.

My point is....we have two companies here. One has been completely upfront about everything, the other has used some shady marketing. They both offer excellent products, but one has proven they will do what is necessary to get the sale, while the other lets you review the evidence on your own and make your own decision without the hype.

Ditch the hype. Give us ALL the information up front in a white paper so we can review it at our own leisure. Then, don't pressure us by putting a deadline on the sale. it is like diamonds. Diamonds are not rare, but the few that have control of the diamond mines are intentionally making diamonds rare by only releasing a few to the public at any given time. Stay informed people.
Make losses, but always come out a winner at the end.
会员从Jan 31, 2011开始   724帖子
Nov 29, 2011 at 20:05

   BluePanther posted:
 
What ever happened to strategies used by 'The City' broker (London GB) that gave away his millions from trading to start from scratch again, only to be back in millions a year later?? (I read this in my local paper in Australia)

What ever happened to strategies used by the Chinese maths teacher, who stayed up late and learnt about forex, who eventually retired within a month of trading forex?? (https://forexclub.biz/ - information 'outdated' so was removed from site)

My guess would be that the big money quickly moved in and bought up the rights to the systems, and we will never see them.
Make losses, but always come out a winner at the end.
会员从Nov 06, 2011开始   181帖子
Nov 29, 2011 at 20:08

   GlobalProfit posted:
We could add a user defined variable that would liquidate all positions at a certain point and I can look into having that added. Regarding the change in the hedging capabilities we have worked on this a lot and found that you will carry much larger draw downs if you increase this. Also allowing this to be user defined also completely changes the dynamic of this EA and how it works.
[/quote

Dustin,

I think the addition of the above liquidation measure would greatly improve it, expecially in runaway markets like March 2009 (I was there! luckly on the right side). Like it has possibly been demonstrated in Craneliu tests, the EA performed very well for a long time until the runaway reversal hit. Also, what about combining it with a secon EA, perhaps a breakout trend follower. Surely the combination of the two could complement each other? Perhaps in partnership with another developer if you do not have one? I have seen that kind of thing in operation. I am not saying I am not happy with it so far, just taking on board some of the comments on this forum

I take your point on hedging.
会员从Oct 05, 2011开始   60帖子
Nov 29, 2011 at 20:13

   tradingshed posted:
 Dustin,

I think the addition of the above liquidation measure would greatly improve it, expecially in runaway markets like March 2009 (I was there! luckly on the right side). Like it has possibly been demonstrated in Craneliu tests, the EA performed very well for a long time until the runaway reversal hit. Also, what about combining it with a secon EA, perhaps a breakout trend follower. Surely the combination of the two could complement each other? Perhaps in partnership with another developer if you do not have one? I have seen that kind of thing in operation. I am not saying I am not happy with it so far, just taking on board some of the comments on this forum

I take your point on hedging.

Tradingshed, I will see about adding a liquidation feature. We are also working on a feature that will allow a person to put the EA into a mode that would work to get flat. So that it would continue with a string of trades as usual however once flat it would not add any more positions to that pair.
会员从Sep 14, 2011开始   140帖子
Nov 29, 2011 at 20:14
Dustin - WHY ARE YOU MISLEADING ME AND OTHER TRADERS HERE ABOUT THE LOT SIZES ?

I have opened the demo mini account with 100,000 initial deposit. 0.1 lot is the minimum size lot. So, according what you have said here - the EA should have start trading with 0.1 lot if the risk is set up at 1%, right ?

I set it up at 2%, so the initail trades should have started with 0.2 lots, right ?

Look at my trades in the attachment and answer - why Tom's EA started with 2.0 lot size ??? Is it my fault ??

附件:

会员从Oct 05, 2011开始   60帖子
Nov 29, 2011 at 20:20 (已编辑 Nov 29, 2011 at 20:25)

fughe, As I said before, as much as I want to go point by point through your last comment I am not going to expend the effort to defend this. If you have questions or concerns with our products I am here but it is clear to me that you are passionately opinionated regarding our business practices. There is nothing wrong with passion as it breads success but there are better things to be passionate about 😄. I also hope that like with the other strategies you mentioned you also make more than you paid for our service as well.

Dustin
会员从Oct 05, 2011开始   60帖子
Nov 29, 2011 at 20:23

   lobotomy8 posted:
   Dustin - WHY ARE YOU MISLEADING ME AND OTHER TRADERS HERE ABOUT THE LOT SIZES ?

I have opened the demo mini account with 100,000 initial deposit. 0.1 lot is the minimum size lot. So, according what you have said here - the EA should have start trading with 0.1 lot if the risk is set up at 1%, right ?

I set it up at 2%, so the initail trades should have started with 0.2 lots, right ?

Look at my trades in the attachment and answer - why Tom's EA started with 2.0 lot size ??? Is it my fault ??


lobotomy, I am not misleading anyone. Please make some attempt to remain professional rather than making accusations. The EA 'should' trade minis to begin with on an account that has 100k. It doesnt do anyone any good for me to mislead you into thinking its working correctly if its not. Instead of adamantly suggesting that I am trying to mislead you lets find out what the issue is. Please send me your log files and tell me what version of the EA you are using.

Dustin
会员从Sep 14, 2011开始   140帖子
Nov 29, 2011 at 20:36
Dustin - I will send you private message.
Please understand that I'm dissapointed and angry because I followed strictly your instructions and everything turned wrong. Thanks God these accounts are not real....

会员从Jan 25, 2010开始   1360帖子
Nov 29, 2011 at 21:01

   fughe posted:
   Ditch the hype. Give us ALL the information up front in a white paper so we can review it at our own leisure. Then, don't pressure us by putting a deadline on the sale. it is like diamonds. Diamonds are not rare, but the few that have control of the diamond mines are intentionally making diamonds rare by only releasing a few to the public at any given time. Stay informed people.

Well said fughe. You're probably right about the 'big money' buying up successful strategies just to keep the small traders in the dark.

The whole argument of what settings to use, lot sizes, etc. is irrelevant without knowing which broker is the one used to create the successful results. In order to emulate the exact results we need to know EVERYTHING that was done, including which broker was used. If results are only demo, then there is no basis for claiming REAL results, since to do so you actually need a REAL account.

Dustin, I feel the same as others here: less marketing hype, more REAL information. You don't need the hype if the product is truly successful - it will sell itself.
会员从Nov 06, 2011开始   181帖子
Nov 29, 2011 at 21:14
Fughe,
Without spending too much time on it, the reason I participate to forums is simply to try and learn from guys like you as automated is new to me. Make no mistakes, trading is not new to me, nor is the world of business.

I spent some time in various forums learning about EAs and I was very surprised on the poor quality of the discussions in general. I have wasted many hours and possibly opportunities on opinions that were biased or with users that just did not understand the products.

I am approaching the purchase of EAs as a business and in my career I have never bought a business where the selling agent did not use what you describe as 'colorful marketing' tactics of some description. I have seen ridicolous P&Ls, unbelievable estate agents etc. That is not to say I approve or I like it. But I cannot also say I have not used it myself. Also I am not saying that Dustin is.

I have never seen an advert for BMW car on tv where they would say 'It's an OK car, nothing much better than the rest but we had to do something' Of course is going to be the best, the fastest, the more secure and....you can have it today on a limited edition and a special offer. They might not tell you that the same car with a VW badge is half the price!

The point I am making is that too much negativity and wrong information posted to put people off for some reason, can actually put people off from what could be a good product. This is the main point. And noone learns.

I am all for discussing the weaknesses of the product and push the developers into more transparency and a better service, which is partly what we are paying for, but arbitrary attacks possibly fuelled by previous experiences might also be no good. I am not saying this is your case.

If anyone here thinks a martingale can wipe your account, set a liquidation order with your broker @ xx% of your equity

Whatever v1.87 did it did. v1.87 is not the product anyone payed for. In my trial (I am not sure about the others) I had v1.88, it traded like it trades today, no difference. Before testing or buying the EA, I made sure I had a micro account and I looked at my trades and ensure I was trading in 0.01lots. I did some testing and I evaluated the posiible weaknesses.

For the benefits of anyone interested, I am overtrading on my live account as I am runnig 4 pairs all at risk level 2. This is RL8 which is far above the developer reccomandation. Having said that, we had a couple of nasty trends and my DD has never reached 15%

My business plan is to:

- Determine my max drawdon tolerance (say it is 25% £1,250)
- Trade the EA at risk until I made enough profits to cover my tolerance (£1,250) and the initial expenses.
- Set a mental or hard stop at that level to liquidate to protect original capital (no risk now)
- withdraw regularly maintaing always the above balance or let the account grow to 100% (like Dustin suggested) and then withdraw.

If this plan is achieved, possibly a bigger investment. I am aware I could lose some capital, I want to lease the EA and I want Tom to get $100 a month from me for the rest of his life!


You must not have been in forex very long.

That is correct. Although I have been trading manually for ten years (including Forex), I am new to automated.


My point about the risk percentage issue is.....this EA had apparently been in beta testing for quite sometime. The version released right before the official sale started had a minimum risk hard -coded at 10%. So if you put v1.87 on a micro account with $10,000 balance......the initial opened position would be 0.1 lot....EVEN THOUGH it could have opened 0.01 lot. AFTER the sale, when v1.88 was released, the EA risk was reset to run at 1%. So, when v.188 is put in a micro account with a $10,000 balance, the initial position size would be 0.01 lot. The point is, they are about making money. a 2 week trial period is enough (at 10% risk) to get the dollar signs rolling, but a short enough time to keep any disastrous account blowing outs to a minimum.

did anyone actually use this lethal v1.87 on a live account and paid for it? Then you should complain.

With all said and done, fughe, I hope I can keep learning from the experts around. No hard feelings.
会员从Oct 05, 2011开始   60帖子
Nov 29, 2011 at 21:36
Ok, guys. About the marketing. I am transparent and will always be that way. Even when it comes to talking about the marketing and how I do it. We have not done anything to deceive anyone. We have given real accounts, we have told where those real accounts are www.worldprofx.com and provided a great product. As far as hype goes. Thats what sells. I am sure I could sell this product without the hype to a handful of people however if you want brutal honesty a good product is not what sells. Good marketing does. As often times as people say 'that if you have a good product it will sell itself' thats just not true. Some of the best products never hit the market because people dont know how to take them to market. Those that go without the hype are not well funded so they dont have the support staff I have nor can they afford to support the product technologically either. The difference that I bring is that instead of producing a product to hype up and sell I look for strategies that are already in use with proven track record then I sell them. That way not only is my marketing stellar but so are the products. So you may not like the hype but that is what allows me to sell enough copies of a product to keep my office well staffed with support and programmers to continue to improve the product.

My goal is to be good at whatever I do. As a trader I do extremely well and make more just by trading then most people make working full time and I am just trading part time now so that I can focus on supporting everyone. That said, marketing is no different I intend on doing the best I can to market any new product while staying ethical. Most of the comments that have been said about some feeling of deception is a matter of not getting all the info up front. Someone mentioned Elementaltrader and how we took a free EA and marketed it. The truth is in the webinar I told everyone that Harmonic trading had been around for almost a century and we were not trying to take credit for it and there were similiar software available for free and that we simply created a course that would allow a person to harness what otherwise might take them years to learn in a very short time. The person that mentioned this said he felt he was mislead however in the same breath he said the material was excellent. He simply must have missed that part of the webinar or didn't read that part of the sales letter. My point is when we sell a product we provide a massive amount of information. Our webinars are typically 3 hours long with 2 hours being questions and answers. Our sales pages are pages long. My point is that when someone says they feel we have mislead them its typically a matter of them buying before reading all the information or attending the webinar or watching a recording etc. We take great care to put all the information on the table

From what I can see, everyone seems to really enjoy and typically profits from our products but some dont care for our marketing. Marketing is very much like trading. Its a numbers game and we track everything. We track the traffic to the site, how many convert to giving us an email, how many attend webinars and based on attendance how many will buy. We have all those metrics before we even start the first webinar on a major launch. I can actually tell you how man sales we will make based on registrations to a webinar because I know our average attendance rates and our conversion from attendees. The reason I tell you this is so you can understand how I can know the difference between the way we currently market and the way that all others market. If I have a product that works well and could potentially change someones life and I know that by marketing it a certain way I will reach for example 230 more people based on our metrics then that means I have a chance to help 230 more people get ahead. That said I can guarantee those 230 people weather they know it or not would be thankful for my marketing tactics as it got them to purchase especially as they see their accounts grow. Most of them oblivious to the fact that my marketing even had a bearing on their decision.

Dustin
会员从Jan 31, 2011开始   724帖子
Nov 29, 2011 at 22:30

   GlobalProfit posted:
   Ok, guys. About the marketing. I am transparent and will always be that way. Even when it comes to talking about the marketing and how I do it. We have not done anything to deceive anyone. We have given real accounts, we have told where those real accounts are www.worldprofx.com and provided a great product. As far as hype goes. Thats what sells. I am sure I could sell this product without the hype to a handful of people however if you want brutal honesty a good product is not what sells. Good marketing does. As often times as people say 'that if you have a good product it will sell itself' thats just not true. Some of the best products never hit the market because people dont know how to take them to market. Those that go without the hype are not well funded so they dont have the support staff I have nor can they afford to support the product technologically either. The difference that I bring is that instead of producing a product to hype up and sell I look for strategies that are already in use with proven track record then I sell them. That way not only is my marketing stellar but so are the products. So you may not like the hype but that is what allows me to sell enough copies of a product to keep my office well staffed with support and programmers to continue to improve the product.

My goal is to be good at whatever I do. As a trader I do extremely well and make more just by trading then most people make working full time and I am just trading part time now so that I can focus on supporting everyone. That said, marketing is no different I intend on doing the best I can to market any new product while staying ethical. Most of the comments that have been said about some feeling of deception is a matter of not getting all the info up front. Someone mentioned Elementaltrader and how we took a free EA and marketed it. The truth is in the webinar I told everyone that Harmonic trading had been around for almost a century and we were not trying to take credit for it and there were similiar software available for free and that we simply created a course that would allow a person to harness what otherwise might take them years to learn in a very short time. The person that mentioned this said he felt he was mislead however in the same breath he said the material was excellent. He simply must have missed that part of the webinar or didn't read that part of the sales letter. My point is when we sell a product we provide a massive amount of information. Our webinars are typically 3 hours long with 2 hours being questions and answers. Our sales pages are pages long. My point is that when someone says they feel we have mislead them its typically a matter of them buying before reading all the information or attending the webinar or watching a recording etc. We take great care to put all the information on the table

From what I can see, everyone seems to really enjoy and typically profits from our products but some dont care for our marketing. Marketing is very much like trading. Its a numbers game and we track everything. We track the traffic to the site, how many convert to giving us an email, how many attend webinars and based on attendance how many will buy. We have all those metrics before we even start the first webinar on a major launch. I can actually tell you how man sales we will make based on registrations to a webinar because I know our average attendance rates and our conversion from attendees. The reason I tell you this is so you can understand how I can know the difference between the way we currently market and the way that all others market. If I have a product that works well and could potentially change someones life and I know that by marketing it a certain way I will reach for example 230 more people based on our metrics then that means I have a chance to help 230 more people get ahead. That said I can guarantee those 230 people weather they know it or not would be thankful for my marketing tactics as it got them to purchase especially as they see their accounts grow. Most of them oblivious to the fact that my marketing even had a bearing on their decision.

Dustin

That is what I have been saying. It is marketing. I never said the EA wasn't profitable. So far it has shown to be in nearly every account I have looked at. The only people i have seen who have issues with it, used the versions before the latest (v1.88). I just find it very difficult to believe that a hard coded, minimum risk of 10% was overlooked right up until the final sale release version. Plus....if you look at what I have said, I have told everyone that is has been profitable. The main point I keep harping on is that anyone who uses it needs to have an understanding of market dynamics so that they understand when to kill a trade. As has been shown, and as you have free explained in a previous post, a full stopout of all positions on a single pair would be an enormous loss. New traders that don't know how to trade manually cannot possibly grasp the risk.....until it happens to them.....or they have been trading long enough to understand.

Personally, I like the EA. I don't like the use of the martingale system employed and instead, i prefer the method for recovery that has been used in the kangaroo EA as a full stoploss is not as massive of a loss. But....in the long run, it appears that both systems are running about the same (if left completely unattended). There is no perfect system. I will say again, know how to trade manually before using a system that runs a very high risk. Let me refer back to this test run by maxtrade https://www.myfxbook.com/strategies/5000/10319 . 3 years and the account is up by 14%. The risk is not properly explained so that a new trader would understand it or know how to deal with it.

That said....if you had not marketed this EA as a 100% hands free system, there would be no issue, OR if you had also added a trading course section with the EA to get new traders built up to the point where they understood who to deal with the big crash, then there would be no issue.

I know very well marketing is necessary to get people to give you their hard earned money. Trust is a far better way though. These are just my opinions of course and everyone is fully welcome to completely dismiss everything I have said.
Make losses, but always come out a winner at the end.
forex_trader_52540
会员从Nov 06, 2011开始   248帖子
Nov 30, 2011 at 02:07
Thank you Dustin, Fughe, tradingshed and all for the very meaningful discussion from different view.

I also communicated with TOM directly. He said the Back test result could not reflected the real trading condition.

TOMs had the experience with live trading and backtest for the same period (30days). the live trading showed profit. but backtest also blown up.

the simple way for us, we have the live trading resulst from this webiste (11 Aug 2011 to now), we also have our own forward test results in the past almost one month. So please do back test from now backward one month or 11 Aug 2011 to see how about the back test results and real results.

after that, we may have more feeling & input from this EA.
会员从Oct 05, 2011开始   60帖子
Nov 30, 2011 at 02:30
To expand on why back testing does not work. When you back test you have to choose a time frame. TomsEA trades based of off different time frames depending on the entry. For example the first three entries are from the 1 minute however after that it moves to the 30 and then the 60. Due to the complexities of the EA no back test will ever be accurate.

Dustin
会员从Nov 06, 2011开始   181帖子
Nov 30, 2011 at 10:16
fughe posted:
   ....The main point I keep harping on is that anyone who uses it needs to have an understanding of market dynamics so that they understand when to kill a trade. ...There is no perfect system. I will say again, know how to trade manually before using a system that runs a very high risk.
Well said Fughe, here I agree with you. I am looking at automated systems as a complement. I am in the market daily trading manually my own account anyway. For me, robots are not a substitute to manuak trading, just possibly a welcome addition. Therefore by default, I am monitoring the EA constantly as I know what the positions are and I know what trends are playing out in the markets.

I think that,as you say, there is no 'perfect system, holy grail, hands free' EA (Is there?) and if there is I would like to hear about it! If you believe that there are people who buy EAs thinking that they are lifelong hands free ATMs then perhaps you have a point on the marketing side.

....That said....if you had not marketed this EA as a 100% hands free system, there would be no issue, OR if you had also added a trading course section with the EA to get new traders built up to the point where they understood who to deal with the big crash, then there would be no issue.....

I think this is also a good idea. It would be a very welcome addition in the members area to have a video/webinar perhaps discussing possible scenarios and how to protect and how the EA actually works. I understand Dustin and how marketing works and perhaps the videos could be available after one signed up (protected by a refund policy).

From all the tests I have seen (including maxtrade above) Tom's EA does very well until a wild reversal happens. (March 2009, May 2010 and so on). These are big moves though, and a lot of people trading whatever would get hit. I would guess Tom's EA did not do particularly well in October 1987 either.....

I am looking into a second EA to add which would be a breakout trend follower of some sort. I feel this might compensate Tom's weakness (Dustin?)

What do you all think?

Also, for those that are interested, and if you can link it to your broker, myfxdotcom has a software with the facility (which I am using) to place a hard stop on your account. when DD reaches a certain level, myfx will close all the positions in metatrader.
I get myfx facility free with my broker, not sure other brokers.
会员从Mar 20, 2011开始   35帖子
Nov 30, 2011 at 11:32
If anyone know what RL for EU flopps is running on his myfxbook i can run backtest and see if the backtest is same with live flopps account.
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