Wolfe Wave Forex Robot (by iticsoftware) Quick Stats
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Wolfe Wave Forex Robot Discussion
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profix

Member Since Jul 15, 2011  74 posts profix Apr 25 2012 at 14:25

   iticsoftware posted:
   
   acushnir posted:
   Nice piece of work, mates!
My best wishes with your project!



Thank you.
It would be reasonable to increase the risk in June, July and August, because the market will be in wide range
without super trends. 90% of serious traders will be on vocations.


How do you know this? Cristal ball on the trading desk? And what if Spain and/ or Italy go belly up? Do you remember what happened last summer on Greece????
I think its a realy bad idea to increase risk at such uncertain times in Europe!

http://www.cashbackforex.com/?aid=4042
jsantos3

Member Since Nov 12, 2009  233 posts jsantos3 Apr 25 2012 at 14:30
Very good. But vendor should not hide open trades when in dd. This happened last week. You've got something good, let's face the relatively bad moments openly.

jsantos3

Member Since Nov 12, 2009  233 posts jsantos3 Apr 25 2012 at 14:36

   iticsoftware posted:
   
   jsantos3 posted:
   I was watching the open trades last Friday and there were 14 of them. Now they are hidden or what? It is very useful to watch open trades on a system like this to get a real picture of how it handles open trades.


It seems that myfxbook monitoring system was on maintenance, so open trades was hidden.


Funny. I monitor several links and this was the only one with open trades 'gone' over the weekend. I took a screenprint of the open trades. Nevertheless, I am glad the positions closed in profit.

Anchorpoint

Member Since Jan 10, 2012  76 posts Anchorpoint Apr 25 2012 at 18:03

   jsantos3 posted:
   
   iticsoftware posted:
   
   jsantos3 posted:
   I was watching the open trades last Friday and there were 14 of them. Now they are hidden or what? It is very useful to watch open trades on a system like this to get a real picture of how it handles open trades.


It seems that myfxbook monitoring system was on maintenance, so open trades was hidden.


Funny. I monitor several links and this was the only one with open trades 'gone' over the weekend. I took a screenprint of the open trades. Nevertheless, I am glad the positions closed in profit.


The hidden open trades were a technical malfunction in myfxbook. I experienced the same issue on my own live accounts.

Look like a very competent EA smiley

Merrygoround

Member Since Jul 01, 2011  26 posts Hans (Merrygoround) Apr 27 2012 at 20:34
Marty + countertrend. Looks like Forex Hacked clone, if you ask me. That one is a lot less pricy than this EA. 25% DD estimated? I think more like 50-70% when trading GBPUSD. This EA can run profitably for months, until one day the big move comes... Kaboom! Sorry, but this EA is extremely dangerous.

BluePanther

Member Since Jan 25, 2010  63 posts BluePanther Apr 29 2012 at 00:13
I'll watch this one out. See if predictions of June-August play out as he says. Then I MIGHT consider forking out half a grand on the cost. I guess it can be worth it depending on your account balance. 20% after 2 months can easily make the cost back.

Merrygoround

Member Since Jul 01, 2011  26 posts Hans (Merrygoround) May 01 2012 at 15:20
This EA got me puzzled. Borys says it isn't martingale, yet in the trade history you can clearly see martingale elements in it. On the other hand it is not like Forex Hacked, because it is not constantly in the market, but waiting for an opportunity. I gather that it is using martingale occasionally to compensate for an untimely entry? Still unclear to me.
I backtested the demo version of this EA on all kinds of charts (both exotic FX pairs and non FX charts), and they are all in profit. On some charts the DD can be around 25%. when marty kicks in. That can be dangerous, esp. when running it on several charts together. So a blow-up is still possible with this EA. You just have to hope that the occasional DD does not occur all at the same time.

Anchorpoint

Member Since Jan 10, 2012  76 posts Anchorpoint May 01 2012 at 15:38

   Merrygoround posted:
   This EA got me puzzled. Borys says it isn't martingale, yet in the trade history you can clearly see martingale elements in it. On the other hand it is not like Forex Hacked, because it is not constantly in the market, but waiting for an opportunity. I gather that it is using martingale occasionally to compensate for an untimely entry? Still unclear to me.
I backtested the demo version of this EA on all kinds of charts (both exotic FX pairs and non FX charts), and they are all in profit. On some charts the DD can be around 25%. when marty kicks in. That can be dangerous, esp. when running it on several charts together. So a blow-up is still possible with this EA. You just have to hope that the occasional DD does not occur all at the same time.


How many years did you backtest on? What is very interesting is how many marty levels are in the drawdowns. From the one year BT on vendor's site max levels are 9. How many max levels in your backtests? Have you maybe possibility to post your backtest here?

iticsoftware

Member Since May 06, 2010  79 posts Borys Fesenko (iticsoftware) May 02 2012 at 03:11
Сumulative Back test for 5 currency pairs:

http://iticsoftware.com/metatrader-expert-tests/WW_5-currencies.htm

BJF Trading Group
pc8multifx

Member Since Sep 04, 2009  835 posts pc8multifx (pc8multifx) May 02 2012 at 04:08
its only 1 year BT.. plz show 10 year BT

https://cp.commercialnetworkservices.net/aff.php?aff=623
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