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MyTradingPros-Master (Full lots) (bei vavatrade2)

Der Benutzer hat dieses System gelöscht.

MyTradingPros-Master (Full lots) Diskussion

Sep 05, 2011 at 11:01
4,258 Angesehen
45 Replies
Mitglied seit Oct 29, 2010   10 Posts
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?

Thanks,
Failing to plan is planning to fail!
Mitglied seit Aug 31, 2010   26 Posts
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 www.ea-coder.com and this software allows you to select between 4 different account management types. You can read more about them on this webpage
https://www.ea-coder.com/remote-and-local-trade-copier-money-management-settings/

Thank You
There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.
Mitglied seit Feb 18, 2012   10 Posts
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
Mitglied seit Aug 31, 2010   26 Posts
Feb 24, 2012 at 21:48
Hello,

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.
Mitglied seit Feb 18, 2012   10 Posts
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!!
Mitglied seit Oct 29, 2010   10 Posts
Feb 27, 2012 at 21:58 (bearbeitet 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 😄

Thanks,

Vishal

Failing to plan is planning to fail!
Mitglied seit Feb 18, 2012   10 Posts
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
Mitglied seit Mar 01, 2012   1 Posts
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?
Mitglied seit Aug 31, 2010   26 Posts
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.
Mitglied seit Dec 31, 2011   4 Posts
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?

Mitglied seit Aug 31, 2010   26 Posts
Mar 02, 2012 at 22:56
I used to work with HFS in the past and they learn this trading method from me.

VAVATRADE offers lower price and original trading method of MyTradingPros.

You should contact HFS with your questions and lot size.

On VAVATRADE i would recommend using 10.0 lot size on a $100k account, but that would be a high risk trading risking 8% per trade. You should consider lower and safer risk of 2% and 2.5 lot size.
There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.
abdul195
forex_trader_51669
Mitglied seit Oct 28, 2011   21 Posts
Mar 03, 2012 at 03:54
I dont think that this ea is the only one which can give this kind of results. I have my own strategy which have same drawdown like this and gave profits in less time than this that too with maximum no losses. Its the manual strategy. And filling my customers account with profits with 10k account. I recommend a lot size of 2-3 ( where pip profit is 2-3$) on this strategy and works very cool. Now its 3rd month since its running. Check this link https://www.myfxbook.com/members/abdul195/profit-forever/233945
Thank you.
PIPA
forex_trader_67272
Mitglied seit Feb 26, 2012   5 Posts
Mar 09, 2012 at 13:29
Hi vavatrade2
what do you recommend for NFP fridays ?
Do you have settings for this in the EA or do we switch EA off or let it runn
please advise
Mitglied seit Oct 24, 2011   38 Posts
Mar 09, 2012 at 15:07
Hey guys! We have an EA that you can leave on even during NFP and other news events. It actually nails those trades or keeps you out of them automatically. myfxbook.com stats are posted for it on the homepage of our site and aren't too shabby:

https://www.forex-trade-signals.net

Cheers!
Shawn
Trading is Fun...
Mitglied seit Aug 31, 2010   26 Posts
Mar 09, 2012 at 17:04
NFP fridays have a lot of movement. It would be not wise to skip trading on such days when price moves that much. We always trade on NFP fridays.

Thanks
There is no such thing as a stupid question - only arrogant and angry people who get mad answering them.
EAguru
forex_trader_72918
Mitglied seit Apr 09, 2012   121 Posts
Oct 12, 2012 at 19:22
Hi to everyone)
my friend waching this test - he like it and recomend me to read your descussion. So i decided to greate something like this.
First results from tester:
<a href='' target=_blank><img src='' border=0></a>
<a href='' target=_blank><img src='' border=0></a>
Need to optimise and start test
Good luck to all. Interesting stop strategy - based only at RSI
EAguru
forex_trader_72918
Mitglied seit Apr 09, 2012   121 Posts
Oct 12, 2012 at 19:22
https://www.7image.ru/v.php?id=311464
this one very similar at yours:
Mitglied seit Jan 10, 2013   286 Posts
Mar 02, 2013 at 22:49
EAguru posted:
https://www.7image.ru/v.php?id=311464
this one very similar at yours:

LOL are you kidding or what? You think everyone is stupid enough to not see what you did?
YOU PUT CONTROL POINTS to deceive the people which produces results you want rather than truthful ones plus it's demo as well as hiding trade sizes to recapture your losses and your DD is so big people abroad can see it etc etc.
Amongst other faults this will blow your account in no time hence why you haven't wagered your life savings on it.
All these are your strong points and your system is as crappy as the one your comparing it to.

Go look at the last few months of the system you're comparing your system to, it has lost a HUGEEEEEEEEEEEEEEEEE percentage more than 100% of what it has made.

*sigh*
Mitglied seit Aug 07, 2012   33 Posts
Mar 21, 2013 at 03:08
Hello guys. Check my pammers paradise system. Which have given same results mytradingpros full lots in 1 month 15 days. And its running towards 100%. Please check it.
To become a good account manager.
Mitglied seit Jan 10, 2013   286 Posts
Mar 21, 2013 at 11:47
pipgenerator posted:
Hello guys. Check my pammers paradise system. Which have given same results mytradingpros full lots in 1 month 15 days. And its running towards 100%. Please check it.
Are you kidding or what... you went from 110% to 40% in a bound and was lucky to recover and now you're boasting lol
Why would anyone risk so much or such a volatile system UNLESS they lost their minds!
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