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HiRider Advanced Beam Discussion
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Member Since Mar 08, 2010 31 posts
bch159
Apr 01 2010 at 00:26
OK, it's a short demo... but you have to say, so far so good - particularly in view of the bath 'old' HiRider took this week. The question is, though, is this one robot worth USD 1,000 - even if it continues operating so unsustainably accurately, the ROI's still pretty low. I'd spend USD 100 on it, if it remains consistent, but not USD 1,000. It's simply not profitable enough for that cost. Shame really.
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Member Since Feb 24, 2010 59 posts
kelrine
Apr 01 2010 at 02:53
Fusion has another huge drawdown on March 25, this time by Hirider (5 simultaneous trades) and the another 5 open positions with -$1k as of now. See this link in this forum: http://www.myfxbook.com/members/fusionrobot/fusion-v-robot/18386
It's a matter of time when this account will go burst. |
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Member Since Feb 20, 2010 50 posts
eafinder
Apr 01 2010 at 16:16
This robot has 1:20 reward vs risk. Obviously you will win many times, but over the long run, I don't believe you can survive with this kind of robot.
If this kind of risk reward is ok for you, it's not too difficult to create an expert advisor. Just create a system to catch extreme price action using technical indicator like Bollinger Band, RSI, etc then target 12 pips with Stop Loss 210 pips. You will win many times like Hirider Advanced, but it's just a matter of times before that consecutive losses will wipe all your gain and more. |
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Member Since Mar 08, 2010 31 posts
bch159
Apr 06 2010 at 08:42
@eafinder: agreed. The EA is living on a knife edge the whole time.
@kelrine: yes, although it was good to see that 'advanced' HiRider didn't take the same positions (I've been keeping an eye on 'old' HiRider in my own Fusion forward test at http://www.myfxbook.com/members/markob100/fusion-121-collective/20924 - you can analyse by magic number under 'custom analysis' to show the contribution of each component of the Fusion EA). Fusion's a horrible EA - as it's a Frankenstein's monster of bits of various EAs there's no cohesion to its strategy, it's like watching a monkey with a crayon. And the FRWC page has a serious note warning people about running more than one EA on an account - well how about running 5 EAs in an EA, guys?! |
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Member Since Mar 08, 2010 31 posts
bch159
Apr 12 2010 at 10:50
FYI, I've now applied for my FRWC refund. Getting the predictable runaround with a lengthy 'please reconsider' email and a request for trading statements (which I've honoured - 30 day statements for Fusion and LMD which are also on MyFXBook) but hopefully that will be resolved in a day or two.
Anyway will leave this up and running until the licence terminates. I think I set open trades to public, so you can see the EA is currently nursing a large floating drawdown. Will be interesting to see where that ends up! |
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Member Since Mar 08, 2010 31 posts
bch159
Apr 14 2010 at 22:01
Licence terminated - I'll leave this on myFXbook for a while in case anyone's interested. No more trades will be taken in this account.
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Member Since Mar 23, 2010 17 posts
Liviu (qarliv)
Apr 29 2010 at 19:20
markob100: What were your settings with Hirider Advanced? Did you allowed all strategies?
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Member Since Mar 08, 2010 31 posts
bch159
Apr 30 2010 at 21:47
default settings, other than money management set to 1 microlot per USD 1,000 of equity. All strategies allowed.
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Member Since Mar 23, 2010 17 posts
Liviu (qarliv)
May 02 2010 at 14:09
Interesting, the Hirider Advanced I'm running is 10 % down with the same settings. Who is your broker?
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Member Since Mar 08, 2010 31 posts
bch159
May 09 2010 at 12:47
This was on BeamFX - but NB a demo account. If you were running live that may have made a difference? Also had some huge floating drawdown for several days which ended up in a profit in the end - but I think (can't quite recall now) came pretty close to SL. So slightly different price feed might have made all the difference.
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