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1000PIPSMONTH Forex Robot System (By forexpipz )

The user has deleted this system.

1000PIPSMONTH Forex Robot System Discussion

willgart
Mar 11 2014 at 03:10
588 posts
Apparently you already wins a lot with this EA...
so where are your real account? instead of a demo one...
Feeko
Mar 11 2014 at 07:59
15 posts
Hi FP

As this robot uses Martingale, is there any control/limit on it?

Could you explain a little about the strategy?
forexpipz
Mar 11 2014 at 20:07
2 posts
Hi,

The Robot uses 4 Golden Entry Rules that has nearly perfect 90% win rate, therefore robot's drawdown is very low. For any given pair it is expected to open 4-6 trades a day, if you run this on 10 pairs its about 40-60 trades a day.

Regarding control, it uses hidden stoploss and TP and they adjusts based on daily range of particular pair.

Thanks
Feeko
Mar 13 2014 at 07:35
15 posts
Thanks FP. It's a really interesting EA.

I've been running it for around a day and already see that it's not the same EA as the one on the demo. It's similar in style, but on the first day drawdown has gone over 5%, whereas on your demo it hasn't reached 3 percent yet - and that's with 15 pairs, rather than the 8 the manual recommends.

There aren't as many trades on your demo. For instance, there were 2 on the 12th, but on my account there were 5 - and i didn't even trade the whole day, since that's when i started the demo.

Your account has two floating trades as i open this, mine has 8. So even though i'm only using 8 currencies compared to your 15, i have 4 times as many open trades - let alone the 15 trades that have already closed. My numbers are in line with the 4-6 daily trades on each pair, but that's not what's going on with your demo.

Would you explain? 😄
Jarora
Mar 14 2014 at 09:13
371 posts
Info from forum (donnaforex):

1, No confidence so no live account

2, Backtest is just an image with a link to their homepage, nothing serious.

It's pretty clear that the EA can't be backtested (all orders on multiple currencies are closed exactly at the same time, there is no coincidence) and still they show a picture representing a backtest. Weird.

1. That picture is not a real backtest.
2. It only represents only one currency backtest.
forexpipz
Mar 14 2014 at 12:54
2 posts
Hi,

Due to technical glitch our account wasn't reporting accordingly. All trades should be updated in 5 minutes interval from now on.

Thanks!
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