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Midas Forex Robot évaluation
Midas Forex Robot
www.midasrobot.co.uk
Score total : 2.8 / 5
Total des votes : 9
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1 - Pire   5 - Meilleur
Discussion au sujet de Midas Forex Robot
stevetrade

Membre depuis Oct 28, 2009  1334 messages Steve B (stevetrade) May 06 2010 at 19:30 (édité à May 06 2010 at 19:33 )
I've been trading with Midas for a couple of weeks or so now.

I must admit I could have picked a better time to start using it :)

For those that don't know Midas is a grid based martingale system. It relies on the market eventually retracing and closing out your positions.

So, doesn't work too well during black swan events!

I was running both the 'standard' Midas as shown in the Midas 1 account. I started it with six pairs and with £5000 capital and a starting lot of 0.01. So about 10% of the risk that the original Midas 1 account started with, so I thought it would be pretty safe.

Not so! I closed it down today £3400 poorer. I'm sure if I had left it on it would have been totally wiped by this evenings sharp moves.

I also tried the Set-Time variant of Midas and used the same settings as the Midas demo account. i.e. starting capital of £1000 and starting lot size of 0.1. This made me nearly £1000 in it's first week. Which I withdrew. I then had to reseed £400 in the second week as it became evident that the Set Time strategy can't keep up with fast market moves and leaves trades 'orphaned'.

It made some more then lost some more. I eventually switched that one off about £500 up overall. If I had left it running I know that it would have been wiped over the last two days.

So, all in all. You have a choice Midas or the Casino. It's your call.

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.
pc8multifx

Membre depuis Sep 04, 2009  861 messages pc8multifx (pc8multifx) May 07 2010 at 23:11 (édité à May 07 2010 at 23:12 )
Again, sorry for your loss Steve...don't give up

There are very few, smart Marty strategies with the capacity to survive such crazy times, no matter what.

Here is one of them: http://www.myfxbook.com/members/pc8multifx/xpipstrendmulti/15435

EATester

Membre depuis May 09, 2010  2 messages EATester May 09 2010 at 17:09
Ah yes Thursday wiped me a couple of accounts. I'm intrigued how MIDAS1 performed Thursday though, making a 236%+ profit over a 24 hour or something!

I like idea most of the time the set-time/Low Deposit settings were I double small deposits before being wiped out on Thursday so drew my monies out every time I doubled. Maybe leave now for few days before starting again, don't want to experience again when steep up climb of euro has confidence!

I here not just Greece problem may have caused big dip, also dodgy dealings in wall street saw 1,000 pip drop in one half of hour and also the election in UK, authority investigate dodgy dealings in USA!

racheltan

Membre depuis Apr 23, 2010  2 messages Rachel Tan (racheltan) Jun 03 2010 at 09:48
pcmultifx, which robot did your use that produced such amazing results ?

Every trader deserves the UNFAIR advantage
pc8multifx

Membre depuis Sep 04, 2009  861 messages pc8multifx (pc8multifx) Jun 03 2010 at 10:02

racheltan posted:
    pcmultifx, which robot did your use that produced such amazing results ?


This is my private EA to trade managed account with.

racheltan

Membre depuis Apr 23, 2010  2 messages Rachel Tan (racheltan) Jun 03 2010 at 11:55
is it available for sale ? wink

Every trader deserves the UNFAIR advantage
stevetrade

Membre depuis Oct 28, 2009  1334 messages Steve B (stevetrade) Jun 03 2010 at 12:19
I think the key is in the word private

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.
ProtecEA

Membre depuis Feb 06, 2010  24 messages ProtecEA Jun 16 2010 at 06:58 (édité à Jun 16 2010 at 06:59 )
deleted - wrong section!

wolfetrader

Membre depuis Sep 10, 2009  1 messages wolfetrader Sep 22 2010 at 22:25
Here's a quick question to ALL EAs, why are you not going out to Hedge Fund boys with 6 months of audited numbers with say a 100k starting balance, if they're so good wouldn't you assume that you'd be able to get at the very least one to two million dollars of trading capital???

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