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Fast Forex Millions back and forward testing by Remus

Alec
Jan 26 2012 at 18:31
91 posts

   NextLevelForex posted:
  Less than a week after release, here comes a patch... Not a good sign, for me, but at least the team shows interest, and that's better than nothing. At least now I have all my backtesting infrastructure ready, so I'll be able to repeat the tests very easily.


Is the infamous patch out already?

willgart
Jan 26 2012 at 18:57
588 posts
not for the moment. give them few days...

Broki
Jan 27 2012 at 12:38
8 posts
Hi, I got an Fast Forex Millions coupon yesterday in my inbox and like to share it here for people which like to by it too.

I will test it on different Broker demo to find the best settings/broker combination. Also the guys which send me the Coupon told the developer will release an update today or tomorrow with a better trailing logic and SL.

here the link to buy it for 197,- (-20%)

https://goo.gl/6p9fI


good luck to all of us

😄

my second trading income:
Remus Miclea (NextLevelForex)
Jan 27 2012 at 17:36
262 posts

   Broki posted:
   Hi, I got an Fast Forex Millions coupon yesterday in my inbox and like to share it here for people which like to by it too.

I will test it on different Broker demo to find the best settings/broker combination. Also the guys which send me the Coupon told the developer will release an update today or tomorrow with a better trailing logic and SL.

here the link to buy it for 197,- (-20%)

https://goo.gl/6p9fI


good luck to all of us

😄


Could you just give us the coupon? So that people buy from the affiliate they want to? I recommend buying from EAreview.net, since you get the added value of backtests of all sorts.

No offense, but by posting your affiliate link here it looks like you are just trying to make a quick buck, and you are using a product link supposed to be used for Donna Forex readers.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Remus Miclea (NextLevelForex)
Jan 27 2012 at 17:54
262 posts
The week is wrapping up, and over the weekend I'll have other things to do, so I'll post a short summary now.

The forward testing of FFM, using default parameters, has been just horrible so far. Yes, the USD had wild swings, and since FFM trades USD pairs, it's not wonder that it was affected. Still, for an EA claiming to have such a low DD as the sales page mentions, the robot has proven to be far from the sales pitch. Here are the numbers for the trades closed so far:

-150 pips on the real FXDD account
  -60 pips on the demo FXDD account
-556 pips on the demo Pepperstone Standard account
------------------------
=> a total of -766 pips, or an average of -255 pips per account

Other surprising negative aspects:
- the robot has failed to produce even remotely similar results in the 3 forward test accounts. Other than the fact that all of them are consistently losing, I mean :). FXDD demo and real have somewhat close trades, but Pepperstone, which has a lower spread for all pairs, and was supposed to get better performance, gets quite the opposite. The messages from William that we need to optimize the EA for each broker as in my opinion just to send people of a wild goose chase. There are plenty of non-scalping EAs that work across a variety of brokers, and all that consistently affects the bottom line is the spread
- no matter how much I tested it, the backtests do not come even close to the pips expectancy shown on the website, which is the main reason I jumped on this EA

All in all, I'll wait for more trades to accumulate, and more days to pass (so far we only have 6 trading days of forward testing performance), but I must say the EA seems suspicious already. It's nice for the team to offer a patch, but why was the patch needed so soon, less than 1 week after release?

We may have a product that hit an ugly bump in the road, just after release, or we may have an overly optimized EA, which looks great on backtests, and drives the account into the ground on forward tests. Let's see if the next week brings the patch and/or a different equity curve.

Have a great weekend everyone!

Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
ForexScam
Jan 27 2012 at 20:37
1008 posts
ForexScam
Jan 27 2012 at 20:39
1008 posts
this account is running 2x lot on eurusd and only 2 pairs - usdchf - https://www.myfxbook.com/members/Pitmaster/ffm/233391

almost 200 pips on eurusd, and -100 on usdchf


FxProfiler
Jan 27 2012 at 23:12
88 posts

   ForexScam posted:
   any comments on why birts account is quite the opposite than all the other accounts?

https://www.myfxbook.com/members/birt/fast-forex-millions/229091

https://www.myfxbook.com/search/ffm

https://www.myfxbook.com/search/fast%20forex%20million




Hello Will,

the second one is a guy from Germany and he is living in Frankfurt/main which is FMM in short. so we can forget about this one.

https://www.myfxbook.com/members/Pitmaster/ffm/233391

the above i guess don't use FastFX on his account.

anyway, we started yesterday a test with Fast Forex Millions on two live accounts too and have some nice days with it. not special for now but ok.

We talked with the developer about an stop trading on Fridays option, because the EA try to open orders at Fridays before the Market will close... not the best idea to hold up to 8-10 trades open 😀.
also the trailing SL needs to be faster.

check our profile, i think we publish one account in the next time.

cheers
😄

Alec
Jan 28 2012 at 11:42
91 posts

   ForexScam posted:
   any comments on why birts account is quite the opposite than all the other accounts?

https://www.myfxbook.com/members/birt/fast-forex-millions/229091

https://www.myfxbook.com/search/ffm

https://www.myfxbook.com/search/fast%20forex%20million




It all seems kind of random to me, for now. Birt says that, beyond sensitivity to brokers, the time one starts FFM affects its performance immensely. Which, again, is kind of random.

I'd say Birt has better spreads but that's not benefiting Remus on Pepperstone, so...?

Steve Walker
walker36
Jan 28 2012 at 11:57
1341 posts
Most probably Birt using his own private brokerage same as MDP account.


   ForexScam posted:
   any comments on why birts account is quite the opposite than all the other accounts?

https://www.myfxbook.com/members/birt/fast-forex-millions/229091

https://www.myfxbook.com/search/ffm

https://www.myfxbook.com/search/fast%20forex%20million



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