Megabot (By Testernow)

Gain : +296.84%
Drawdown 18.81%
Pips: 282.0
Trades 75
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

Megabot Discussion

Aug 02, 2010 at 10:42
2,996 Views
21 Replies
Member Since May 06, 2010   47 posts
Aug 11, 2010 at 22:34
good sistem
Member Since Aug 26, 2009   8 posts
Aug 14, 2010 at 13:24
Wow. With a few stoploss in a row will wipe out your account....
Member Since Jul 28, 2010   7 posts
Aug 14, 2010 at 15:50

jamestan1978 posted:
    Wow. With a few stoploss in a row will wipe out your account....

My system uses 6:1 risk/reward ratio and the 11 years backtest does not suggest it will ever blow-up an account

i also backtested with 99% modeling quality on the highest risk settings and results were awesome

so if you are referring to the high leveraging I am using , its due to setting the risk on the highest level
Member Since Aug 26, 2009   8 posts
Aug 14, 2010 at 22:11
Ok now I understand. Thanks. Is your system for sale or do you manage accounts?
Member Since Jun 01, 2010   70 posts
Sep 09, 2010 at 05:23
How I can contact you? I'm interested
Member Since Jul 28, 2010   7 posts
Sep 09, 2010 at 07:01
Member Since Oct 28, 2009   1424 posts
Sep 09, 2010 at 08:20
Looks pretty good. You've ticked all the boxes in terms of an authentic looking EA. Well done.
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.
Member Since Apr 13, 2010   83 posts
Sep 09, 2010 at 09:53 (edited Sep 09, 2010 at 09:56)
your result is real decent. the kind of stuff hedge funds will jump at . i can see that it works best on fixed spread brokers.
winning isnt victory and losing isnt defeat.
Member Since May 10, 2010   382 posts
Sep 09, 2010 at 12:35

rubionfunds posted:
    your result is real decent. the kind of stuff hedge funds will jump at . i can see that it works best on fixed spread brokers.


Even the performance looks decent, I have my doubts a hedge fund would jump on something that has such a bad ratio of 1:6 . Who likes to wait 2 months to recover from a single loss??. This EA is nothing else than one Asian scalper more on the battle field.. an old lady in a new dress , so to speak😉
Member Since Jun 01, 2010   70 posts
Sep 09, 2010 at 12:59
It cant be purchased thow the page, clickbank says only test card orders. Also the contact page is missing...
Member Since Jul 28, 2010   7 posts
Sep 09, 2010 at 13:09

ForexPro posted:
    
rubionfunds posted:
    your result is real decent. the kind of stuff hedge funds will jump at . i can see that it works best on fixed spread brokers.


Even the performance looks decent, I have my doubts a hedge fund would jump on something that has such a bad ratio of 1:6 . Who likes to wait 2 months to recover from a single loss??. This EA is nothing else than one Asian scalper more on the battle field.. an old lady in a new dress , so to speak😉

This is just due to Prime4x bad real money data, thats why the trade execution rate is pretty bad compare with the backtest trade execution. It has nothing to do with the actual EA code. Thus, the EA will show a lot more trades and more losses and a lot faster recovery when traded on a better broker (more pips will be booked)

I am sending this to over 15 reputable and honest forex review websites today or tomorrow including the FPA to run a test on different brokers. I doubt any of them would start running this on anything other than Demo though.

The software can be used profitably on 3.3:1 Risk/Reward Ratio. Its not just a 6:1 risk reward ratio. there are more rules you need to look at than the Risk/reward ratio in a trading strategy to come up with the best settings.

We do offer way a lot better forex software for hedgfunds,, but we do request a percentage off profits (50%), and we don't send the actual codes.

for this Forex Megabot, you receive the actual code, and all we request currently is a 97$ one time payment. Each license can run on one Demo and one live account, and you can easily switch to a different Demo or Live account. This is pretty much as good as it could get for a 97$ price tag.

For those who are interested in our Hedge Funds EAs, please PM me and let me know whats the total Capital you're managing, and if we like the numbers, we'll reply back with more info.


Member Since Jul 28, 2010   7 posts
Sep 09, 2010 at 13:10

hawkfx posted:
    It cant be purchased thow the page, clickbank says only test card orders. Also the contact page is missing...

It will be available on September 21st.

The forex megabot has not been launched yet
Member Since Apr 13, 2010   83 posts
Sep 09, 2010 at 13:24
@forexpro i have not actually looked at the history just the equity curve and summary.
winning isnt victory and losing isnt defeat.
Member Since Jan 14, 2010   449 posts
Sep 11, 2010 at 01:33 (edited Sep 11, 2010 at 01:33)
Wow, 0.10 lots on a $100 account with 50 pips SL 😲

This EA trades less often than Forex MegaDroid which is much, well this is called Forex MegaBot 😁

I know you don't need many trades a day but not to trade for more than month is kind of too much.

What I respect is that this is Real Account which is good like I do 😉, you'd just need a bigger sized
Live Account if you want more credibility.
Money makes more money $ ... $$$
Member Since Jul 28, 2010   7 posts
Sep 11, 2010 at 06:17
Hi

All you need to do is lower the risk if you see as too much. It is now trading at 0.09 lot on a 321$ account.

June was the worst month when it comes to the number of trades executed. But as I mentioned above, this is due to broker bad real money data.

We trade on large accounts with this one, but on a different broker. And the EA trades 5 times more than it does on Prime4x

Posting small accounts has nothing to do with credibility! We are proving to the public that 100$ deposit is more than enough to start trading with.

Keep up the good work
Member Since Jul 21, 2010   106 posts
Oct 13, 2010 at 10:14
Testernow, could you please carry out a demo on myfxbook on 3.3:1 risk/reward ratio and let us see how it performs.
Member Since Oct 11, 2009   8 posts
Oct 20, 2010 at 03:20 (edited Oct 20, 2010 at 03:21)
Hi Testernow,

I wonder why you stopped this account in the end of september? did you open another one ?

thanks.
Member Since Aug 20, 2009   266 posts
Mar 04, 2011 at 04:15
This EA seems to be a blatant copy of rdb's !_rdb_THUNDER4WD_EURGBP_v2

😂

Get it for free here :-

https://www.forex-tsd.com/expert-advisors-metatrader-4/17341-_rdb_the-best-free-ea.html
Wealth Creation Through Technology
Member Since Aug 20, 2009   266 posts
Mar 04, 2011 at 04:20
<a href='' target='_blank'><img src=''/></a>

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Wealth Creation Through Technology
Member Since Feb 01, 2011   39 posts
Mar 04, 2011 at 10:10
oooooookie
TQ kenny.
😉😉
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