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FRWC - Fusion V - Alpari Discussion
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Member Since Oct 25, 2009 75 posts
Yonex
Feb 17 2010 at 09:04
(edited Feb 17 2010 at 09:04 )
Does the EA offer any kind of money management? From the statements from FRWC, it doesn't seem to offer money management?
 What lot size is recommended for the EA? Whoever said money can't buy happiness didn't know where to shop. |
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Member Since Jan 05, 2010 92 posts
PipCollector
Feb 17 2010 at 09:12
You have some backtests here:
http://www.forex-robot-world-cup.com/frwc_backtests/LMD_Backtest.html http://www.forex-robot-world-cup.com/frwc_backtests/Official/SUPERVOLCANO.htm http://www.forex-robot-world-cup.com/frwc_backtests/Official/HIRIDER.htm http://www.forex-robot-world-cup.com/frwc_backtests/Fusion_EURUSD_2008_2010.htm I guess it's with the default settings.. Patience is a virtue. |
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Member Since Oct 28, 2009 1036 posts
Steve Boardman (stevetrade)
Feb 17 2010 at 10:06
It doesn't recommend using money management although it is in there. It recommends using 0.01 lots per $1000
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Dec 28, 2009 60 posts
irbis
Feb 17 2010 at 11:30
yes, they give passwords...
I dont understand all these wankers.. ok maybe it's a scam..but let's just test it and we'll see... however still no answer from fxcm |
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Member Since Jan 05, 2010 92 posts
PipCollector
Feb 17 2010 at 11:47
irbis posted: yes, they give passwords... I dont understand all these wankers.. ok maybe it's a scam..but let's just test it and we'll see... however still no answer from fxcm The scam part is not the EA. We all know EA's do work for a short period of time. They claim to have paid $150,000 in prizes, however if you contact FXCM or Boston Technologies they state that the 'financial agreement cannot be disclosed' which already raises some red flags. What they could have done is fake the first 3 prizes (ie not pay them), and pay only the small winners for $1k each for a total of $10k. So they've actually spend only $10k, got you to send your EA to them for a 'chance' to win the $100k and now they get to sell the EA's at $1k a pop, while paying 50% commission to affiliates. They need to sell only 10 non affiliated EA's or 20 affiliated to break even. Now you tell me, if there's something suspicious. Patience is a virtue. |
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Member Since Oct 28, 2009 1036 posts
Steve Boardman (stevetrade)
Feb 17 2010 at 12:00
I prefer to look on things as opportunities for me, not as attempts by other people to try and trick me out of my hard earned money.
At the end of the day, it's simple either you can afford to spend $1000 and test the robot for 30 days while you take a look or you can't. Then over that period you either decide that the strategies are sound or that they aren't and you keep it or you refund it. There are a lot of forex products out there that are nothing but smoke and mirrors, in fact the majority of commercial products are nothing but an attempt to generate revenue and there is nothing wrong with that. At the end of the day forex trading is an uncertain income at best and to try and supplement it with income from forex related ancillaries makes practical sense. The trick is to be able to assess quickly and accurately which products are a waste of your time and money and then get a refund. 11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Jan 05, 2010 92 posts
PipCollector
Feb 17 2010 at 12:05
Yes Steve, you're correct and I do appreciate the fact you're making your test public.
Just wanted to point out a possible scenario.. Patience is a virtue. |
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Member Since Feb 16, 2010 17 posts
casper79
Feb 17 2010 at 13:48
Very interesting and I am sure time will tell for all.
I am interested in testing this myself and was wondering as the money back offer states you need to test this product on a demo account for 30 days. I prefer to test on live accounts as I find demo accounts with brokers tend to be different than live accounts performance. Does anyone know if the money back is valid for testing on live accounts??? I look forward to what all our views are on this product as it has been heavily marketed. |
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Member Since Jan 05, 2010 92 posts
PipCollector
Feb 17 2010 at 13:54
casper79 posted: Does anyone know if the money back is valid for testing on live accounts??? What's their refund policy? Check the fine print, which they must have or else they would go out of business. On the same note, how can they offer a refund? Do they guarantee a certain return per month? How does that work? Patience is a virtue. |
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Member Since Oct 29, 2009 27 posts
Pietpatat
Feb 17 2010 at 13:58
(edited Feb 17 2010 at 13:58 )
Anyone have experience with their payment provider: Plimus?
If I do a google search on them I get tons of websites screaming not to do business with them as they don't give refunds... |
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