Magnus (By forex_trader_161295)
The user has deleted this system.
Magnus Discussion
Dec 08, 2014 at 17:07
337 Views
5 Replies
Member Since Dec 04, 2010
1557 posts
Dec 31, 2014 at 06:18
There is someone running it on forexpeacearmy who has just started with good results. I am watching this one closely. https://www.forexpeacearmy.com/forex-forum/forex-software/37435-magnusforexrobot-com.html
Dec 31, 2014 at 12:23
Hi Matt. I like this EA too.
Looking at the closed trades most of the losing trades are the inverse of the TP, or occasionally the SL. Which is good because the risk/reward is 1:1. So as long as it's correct more than it's wrong it can stay in profit (roughly speaking). Basically my problem lies with the circa 25 open orders that acrue swap fees and become too drawdown.
I was thinking if I'd test this EA I'd close all trades at the end of the week, but how different would my results become??
Would be more inclined if their 100% satisfaction guarantee included a refund period like Rev Traders does.
Looking at the closed trades most of the losing trades are the inverse of the TP, or occasionally the SL. Which is good because the risk/reward is 1:1. So as long as it's correct more than it's wrong it can stay in profit (roughly speaking). Basically my problem lies with the circa 25 open orders that acrue swap fees and become too drawdown.
I was thinking if I'd test this EA I'd close all trades at the end of the week, but how different would my results become??
Would be more inclined if their 100% satisfaction guarantee included a refund period like Rev Traders does.
Member Since Dec 04, 2010
1557 posts
Dec 31, 2014 at 14:33
Most of the trades in history open 4,5,6,7 days are negative so maybe the exit strategy can be improved so they are closed earlier, I will do some further analysis in excel and see what I can find, very tempted with this one. As the trades are very small sizes I think the swap fees could be managed. And yes concerning no refund period like rev trader pro has - that's why going to follow it a while longer
Member Since Dec 04, 2010
1557 posts
Jan 05, 2015 at 03:55
Hey Davey, you were right about the drawdown on open trades the equity graph is showing a steep decline. This and Vogon EA are now both off my consideration list
Member Since Dec 04, 2010
1557 posts
Jan 07, 2015 at 06:49
It's crashed and burned, another one bites the dust.
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