BlueMonkey Real Money Live Test == Ended Oct 2014 Discussion

askew8 posted:
Hi

You posted a demo account here a week or so ago. I have been following this account and it has had the same positions open for some time and they don't even close even when in a good profit. Why is this? The trades don't even resemble the ones that are on your account and they show nothing of the 'dynamic' system you mentioned above.

first of all that account expired.

it started at a different time than the master account so the trades were slightly different.

please let me know if you have any questions.

A

Oh sorry...

I didn´t see askew8 was asking the same in the previos post...

Hi Alex,

Can you explain (shortly) how the reversal strategy is working , as used by your EA ? Is this strategy risky, because of the drawdowns of 15-20% of the accountbalance ? What is the risk of this strategy ?

It seems, that this strategy is one of more ?

What are the other strategies, how are these working (shortly) and what are the risks ?

regards,

Maurice van Mourik

Hi Alex.

How can be the FinFx account expired if I'm still able to access it and any 'Invalid account' message appears?

Thanks

Aitor posted:
Oh sorry...

I didn´t see askew8 was asking the same in the previos post...

no worries

growforex posted:
that demo account is about to explode. Look at those positions, then everything in buy, with different lot's. I think monkey is already going blow up. boys do not say that I have awareness alerts you. monkey give me response to DD big loss ....😭

the demo account expired after one week :)

i like how you try to mis-represent our work though. haha.

have you bought a licence yet? u should cause we might increase the price soon.

A :)

AutoTest71 posted:
Hi Alex.

How can be the FinFx account expired if I'm still able to access it and any 'Invalid account' message appears?

Thanks

Hey,

not exactly sure. may be it is not. what we saw that it had written 'Invalid Account,' so i shut it down. may be it has been my mistake.

A

Hello.

Three questions by my side:

- Do you offer some kind of money back guarantee on your EA, after 30 or 60 days? The price of your software is high, so, if you are so confident on it why don't give some guarantee to your clients?!

- What is (if there is, as I hope) the MAX number of open trades at once per pair (and in total) the EA will NOT exceed in any case?

- Can I use your EA trading fixed lots x each open position instead of variable ones (like you do)? Looking at the number of pips achieved (monthly and in total) it seems yes, but please, confirm it.

Thank you.

Hi,

Please, could you reactivate a new demo account that we can see with investor code ?
It's the only way for us to understand the strategy and to be confident with the EA.

Best regards

bluemonkey posted:

growforex posted:
that demo account is about to explode. Look at those positions, then everything in buy, with different lot's. I think monkey is already going blow up. boys do not say that I have awareness alerts you. monkey give me response to DD big loss ....😭

the demo account expired after one week :)

i like how you try to mis-represent our work though. haha.

have you bought a licence yet? u should cause we might increase the price soon.

A :)

I must say, for now good results. I would like to buy (ONLY IF I GET DISCOUNT) Look I do not want to just talk bad, but there are so many bad robots in circulation that wy are sick off. Am I right or not? I keep you closely follow boy. Will not make a bad talk, but make no mistake, because then I'll be back.

good luck with the sale and stay honest with customers
for now 4 star

From Mr. growforex

Hi

Now that you added the EURGBP has the amount required to begin changed at all? What is the amount required to start on a 1:50 account to have a safe drawdown and deceint gain. I also wont be able to hedge positions as well. Will this be a problem with this EA?

$500 for 2 pairs, $250 for 1 pair.

yet if you are using 50 leverage, we recommend doubling that numbers.

A

AutoTest71 posted:
Hello.

Three questions by my side:

- Do you offer some kind of money back guarantee on your EA, after 30 or 60 days? The price of your software is high, so, if you are so confident on it why don't give some guarantee to your clients?!

- What is (if there is, as I hope) the MAX number of open trades at once per pair (and in total) the EA will NOT exceed in any case?

- Can I use your EA trading fixed lots x each open position instead of variable ones (like you do)? Looking at the number of pips achieved (monthly and in total) it seems yes, but please, confirm it.

Thank you.

Hmm, tough questions to answer BlueMonkey? Please do not avoid these - I am also curious to know. 😄

I would also like to know:
1) Is grid size static or dynamic (will it stay the same or change depending on market behaviour, volatility, news, etc.)?
2) Does it avoid any particular news or is it indiscriminate (24/6 trading)?
3) What criteria (indicators) does it use to begin a grid, or does it have no entry criteria for first trade?
4) Have you got Monte Carlo and backtests you can share with us?

I am not yet convinced your EA is anything special compared with other grid-martingales (GMEAs) I own (Arin 2, Golden Future, TENGRI, Blessing, Mandarin Martingale, etc. etc.). There are many variations (grid-size, entry criteria, etc.) but they often find an exceptional market in which they cannot survive. I want to know if yours is any different or just another GMEA waiting to explode.

I hazard to guess that the reason you ask a high price with no refund policy is because you do not plan to be around very long (ie. take sales money and run). Just an uncomfortable feeling I have.

Thank you for your patience and understanding with our questions. 😎

bluemonkey posted:

Aitor posted:
Hi...

Sorry but what do you mean with 'more dynamic'...is it now a martingale EA?

Hi,

no, the EA uses reversal strategy plus grid. yet the lot sizes can change based on market movements. they can go high or low. very interesting system is integrated into it.

please let me know if you have any questions.

A

Sorry, not martingale. Interesting lot sizes in trading history: until recently lot sizes were all the same in the grid, then recently it looks like settings have changed and trade size increases in progressing grids. Hmm... (now looks like GM, before it didn't).

BluePanther posted:

bluemonkey posted:

Aitor posted:
Hi...

Sorry but what do you mean with 'more dynamic'...is it now a martingale EA?

Hi,

no, the EA uses reversal strategy plus grid. yet the lot sizes can change based on market movements. they can go high or low. very interesting system is integrated into it.

please let me know if you have any questions.

A

Sorry, not martingale. Interesting lot sizes in trading history: until recently lot sizes were all the same in the grid, then recently it looks like settings have changed and trade size increases in progressing grids. Hmm... (now looks like GM, before it didn't).

We created a new update and eversince, lot sizes became dynamic. Always first lot is base lot, now the lot size changes both for lower and higher. and you can see that clearly in the history. i think that makes it clear that it is not martingale.

it is a sophisticated algorithm that defines the size based on market condition.

A

BluePanther posted:

AutoTest71 posted:
Hello.

Three questions by my side:

- Do you offer some kind of money back guarantee on your EA, after 30 or 60 days? The price of your software is high, so, if you are so confident on it why don't give some guarantee to your clients?!

- What is (if there is, as I hope) the MAX number of open trades at once per pair (and in total) the EA will NOT exceed in any case?

- Can I use your EA trading fixed lots x each open position instead of variable ones (like you do)? Looking at the number of pips achieved (monthly and in total) it seems yes, but please, confirm it.

Thank you.

Hmm, tough questions to answer BlueMonkey? Please do not avoid these - I am also curious to know. 😄

I would also like to know:
1) Is grid size static or dynamic (will it stay the same or change depending on market behaviour, volatility, news, etc.)?
2) Does it avoid any particular news or is it indiscriminate (24/6 trading)?
3) What criteria (indicators) does it use to begin a grid, or does it have no entry criteria for first trade?
4) Have you got Monte Carlo and backtests you can share with us?

I am not yet convinced your EA is anything special compared with other grid-martingales (GMEAs) I own (Arin 2, Golden Future, TENGRI, Blessing, Mandarin Martingale, etc. etc.). There are many variations (grid-size, entry criteria, etc.) but they often find an exceptional market in which they cannot survive. I want to know if yours is any different or just another GMEA waiting to explode.

I hazard to guess that the reason you ask a high price with no refund policy is because you do not plan to be around very long (ie. take sales money and run). Just an uncomfortable feeling I have.

Thank you for your patience and understanding with our questions. 😎

1: dynamic
2: yes
3: cant disclose
4: all is available is on the site :)

A

Thanks.

But Monte Carlo test is not on your site. Please consider conducting this test and sharing results publicly.

hi,

I have emailed a few times. but get no reply from you. I have default risk is now 30% is for the open transactions not too little. because I'm almost at 30%. please advise me what the best risk is?

Hi...

I have purchased a license of BLUEMONKEY EA but I haven´t received anything yet. I ´ve sent you an e-mail with the payment receipt and order number to [email protected].

What else do I have to do?

Expecting your news...