MyTradingPros-Master (Full lots) (by vavatrade2) Rychlé statistiky
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MyTradingPros-Master (Full lots) Diskuse
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Členem od Oct 29, 2010  10 zpráv(a,y) vishal3 Feb 23 2012 at 11:49
If you recommend risking 0.1 lots per $1000 and your stop losses are 80 pips, that mean you recommend risking 8% of your account on each trade. That is very risky to say at the least and may show as giving great aggressive monthly gains for now but would not be suitable for long term growth.

Its a great system but you should recommend different risk settings at a max of 3%. Which system do you know that is still functioning now that ever used 8% risk on each trade. None of them as you would come to such a big draw down that the investor would either call it quits or the account would get blown.

Also i noticed that your tradingpro's account being monitored on MYFXBook is using fixed lots. Does the EA have a capability to auto select lots size based on a pre allocated risk setting of what the investor wanted? i.e. if i wanted each trade to only risk 2% of my current account balance, it would auto decide the lot size and open it accordingly?


Failing to plan is planning to fail!

Členem od Aug 31, 2010  24 zpráv(a,y) Rimantas Petrauskas (vavatrade2) Feb 23 2012 at 14:17
Hello, vishal3,

Thank You for your feedback. It makes sense. I should explain about high risk of 8% per trade to my clients as well.

You can set Client EA to trade using 2% of your current account equity.
Vavatrade uses Remote Trade Copier from and this software allows you to select between 4 different account management types. You can read more about them on this webpage

Thank You

There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.

Členem od Feb 18, 2012  10 zpráv(a,y) scottshay Feb 24 2012 at 20:55
Hi vavatrade2

I am interested in subscribing but i find it fishy that you did not post the backtest for this EA . if it is truly a winning ea then
why not post the backtest and show how the longterm results would really look like????????????

in my opinion this ea 'could' be 'curve fitted' and given the fact that it uses a static target and stoploss it reminds me of FMT system with VERY similar target/stoploss setup which is indeed curve fitted and unstable

and add the fact that you could earn a lot more subscribers by posting the backtest which you still did not, I don't think i
can subscribe to this till i see solid evidence that this profitabilty is likely to continue through a 10 years backtest

thank you vavatrade2


Členem od Aug 31, 2010  24 zpráv(a,y) Rimantas Petrauskas (vavatrade2) Feb 24 2012 at 21:48

i do not want to be ignorant, but sorry, i will not get involved into backtests. I never did and never will trust or rely on backtest results done by MT4 StrategyTester. No one should ever consider any backtest reliable proof to anything.
Backtests will never have variable spread, slippages, fast market movement issues, variable stop level values, broker delays and other unexpected broker tricks involved. Backtest is useful only to test if EA trades according to the rules.
I know a lot of people rely on backtest, but i do not want to lie and make false promises with something that could or could not be achieved in the last 10 years and is only based on 90% modelling quality at its best.

I rely only on what i have and what i do right now.

Hope you understand what i mean.

Thank You

There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.

Členem od Feb 18, 2012  10 zpráv(a,y) scottshay Feb 24 2012 at 22:10
to tell you the truth I do NOT understand what you mean !!!!

backtests could be 'unrelaible' IF done on low time frames '5 minutes and below' and on fast trade strategies 'scalping'

Since your strategy does trade with 40 pips target and 80 pips stoploss then the backtest will be VERY accurate and WILL show how reliable it is through presenting the past projections and greatly help in evaluation.

I think your reply raises a HUGE red flag for me and I also think that either this ea performs horribly on backtest (which is why you do not want to show it) OR you do not really own the ea and you're just copying/stealing from someone else (which is likely the case), and those who would agree with you on the BS you just said are too ignorant

I highly doubt that this is your own strategy, otherwise you won't have came up with such ignorant reply regarding backtests, and you must be just copying/stealing someone elses work (since you sell copying EAs your self)

and i am out of here!!


Členem od Oct 29, 2010  10 zpráv(a,y) vishal3 Feb 27 2012 at 21:58 (editováno Feb 27 2012 at 21:59 )
Hi Scottshay,

I'm with Vavatrade on their comment about backtests. There not reliable att all and if anything, its easier to curve fit a backtest to look good over the long term. I would never trust them and obviously there's nothing better than a forward live test.

I'd be more happy tho if the copier service was run on live account from a few of the bigger more stable brokers. For example say one mini accounts on Alpari, FXCM and FXPro all using a fixed 2% risk on each trade rather than fixed lots. Then monitoring them via MyFXBook along with this demo account to see how results turn out over the long run. Just a suggestion smiley



Failing to plan is planning to fail!

Členem od Feb 18, 2012  10 zpráv(a,y) scottshay Feb 28 2012 at 07:46
Hi vishal

it is ok for YOU to make such an ignorant statement about backtesting because you're not a system developper. Vavatrade case however is different because he 'claims' to OWN this strategy and to have developped it.

As I said, backtesingt is the ONLY way we have to evaluate a strategy , and yes backtesting can be VERY reliable IF:

1) done on a time frame above 5 minutes
2) done on a strategy that does not scalp

as far as curve fitting and making a strategy look better, ALL that can EASILY be busted


Členem od Mar 01, 2012  1 zpráv(a,y) steinam Mar 01 2012 at 09:26

   vavatrade2 posted:
   Thank you for your interest. Answer is simple, brokers do not take that hard on demo accounts and that increase our winning rate. A little secret we try to keep out of brokers.

I don't understand what you mean by this statement. can you please explain?
Does it mean that your system perform better with demo money than real money?


Členem od Aug 31, 2010  24 zpráv(a,y) Rimantas Petrauskas (vavatrade2) Mar 01 2012 at 17:19
We expect to eliminate stop hunting and other broker tricks when trading demo account. This increases our winning rate. Meanwhile all those trades are copied to the real money accounts (mostly ECN). In other words our system works on demo and real, but winning rate is even better when trades are copied from demo to real account.

Winning Demo Account = Winning Real Account

There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.

Členem od Dec 31, 2011  4 zpráv(a,y) Steven R. (srafter123) Mar 02 2012 at 19:31
Regarding Honest Forex--is Vavatrade the same service. What is Vavatrade? What is the difference.

If doing Honest Forex with a $100K Account, what lot size would you recommend? 5?

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