Alvin-Trader v1.2 (By AlvinTrader)

The user has deleted this system.

Alvin-Trader v1.2 Discussion

Nov 16, 2015 at 17:28
1,932 Views
33 Replies
Member Since Nov 02, 2009   80 posts
Jan 05, 2016 at 04:53
anyone using this EA on another brokers?
Member Since Sep 01, 2013   48 posts
Jan 09, 2016 at 22:13
I am using it on Traders Way. It is doing well. The developer has been very helpful. I have no trouble recommending it and I hope it continues.
Member Since Dec 10, 2013   84 posts
Jan 31, 2016 at 21:18
any updates from users?
now or never!
Member Since Mar 31, 2014   192 posts
Feb 03, 2016 at 10:31
Martingale..... a ticking bomb
ben@
Member Since Sep 01, 2013   48 posts
Feb 11, 2016 at 23:57
Ultimately it did not trade like the master. I could not figure out why it failed.
Member Since Jan 19, 2015   15 posts
Feb 12, 2016 at 11:35
bundesrepublik posted:
Martingale..... a ticking bomb

Looking at the account history it looks like some orders are doubling. It doesn't look like pure martingale and also it has SL 30 or 50 pips (which is not huge SL distance)
Member Since Aug 13, 2015   11 posts
Feb 15, 2016 at 15:20
It appears to take the Stop Loss, then reverse the direction after the SL is hit. From it's history I see it only has 1 open trade per pair at any one time and it has gone up a max of 5 levels before profit was taken. Much safer than a traditional Marty which will hold all losing positions and continue to open trades against the trend until a profit is taken or the account bursts. I'm going to test it. I like that it reverses direction with each loss and only has 1 open position per pair at any given time. Micro lots.... definately.
Member Since Sep 01, 2013   48 posts
Feb 17, 2016 at 04:14
https://www.mql5.com/en/charts/4469318/eurusdi-m5-tw-corp
     Above is the screenshot of the trade that stopped me out. Notice 10465715 and 10466156, both GBPUSD trades. The first was 0.32 lots and the second was 0.64 lots. Alvin 1.2 reversed direction. Both me and the master lost the first trade. On the second trade I lost again but the master account(not shown) won. Mine closed within about 40 minutes but the master account stayed open 80 minutes and caught the reversal. Caution this may be sheer volatility in which case the master account winning was sheer luck, not due to anything in the algorithm. I do not know if I can be of any help with this. Please see the vendor.
Member Since Jan 07, 2016   24 posts
Feb 17, 2016 at 08:12
Hmm...i think it could be due to account balance. The vendor's balance is quite substantial and the system figured that i can weather the adverse volatility further (eventually it did as you mentioned). You balance at that time is just a few hundred bucks and judging by the lot size, the system could have figured better to absorb the losses instead of risking further. Subsequent sequential losses compounded the problem and eventually the account blew up. That's why i think of.
Member Since Sep 03, 2011   24 posts
Feb 17, 2016 at 08:19
Hello CKDORgay,

I looked at the charts, but you uploaded two different charts, GBPUSD and EURUSD, so it not possible to see the differences.

Regards,

Maurice
Member Since Oct 27, 2009   106 posts
Feb 17, 2016 at 14:33
ckdorgay posted:
 https://www.mql5.com/en/charts/4469318/eurusdi-m5-tw-corp
     Above is the screenshot of the trade that stopped me out. Notice 10465715 and 10466156, both GBPUSD trades. The first was 0.32 lots and the second was 0.64 lots. Alvin 1.2 reversed direction. Both me and the master lost the first trade. On the second trade I lost again but the master account(not shown) won. Mine closed within about 40 minutes but the master account stayed open 80 minutes and caught the reversal. Caution this may be sheer volatility in which case the master account winning was sheer luck, not due to anything in the algorithm. I do not know if I can be of any help with this. Please see the vendor.

What was your risk settings? Default is 10.
Member Since Jan 07, 2016   24 posts
Feb 21, 2016 at 13:50
From the email correspondences i had with the vendor, he said what he displayed here is using the default settings.

On the side note, can anyone enlighten me why the broker will always refund 10% of the value of loss trade? Very strange....
Member Since Oct 22, 2015   8 posts
Feb 22, 2016 at 13:06
10% deposits after each loss, this is compensation from our broker.
This compensation was provided to us when we open account firs time.
We do not know whether they provide this compensation is now.
Member Since Sep 02, 2014   2 posts
Feb 29, 2016 at 07:37
On the first of december, EURUSD did not recovered his lost (only partial recovery) am I wrong ?
VOL
Member Since Sep 01, 2013   48 posts
Mar 02, 2016 at 15:34
In my opinion, still has technical difficulties.
    - GBPUSD not activating.
    - Stop losses set too wide
    - Trades do not match up with master
    - Double up and reverse on loss likely to cause problems
    - Can't adjust to the change in trend
What have others seen?
Member Since Sep 01, 2013   48 posts
Mar 04, 2016 at 23:36
I have no explanation for why the master account does so well. I tried this twice and it did not work for me either time. But I will not write this off as I think the algorithim is a good one if it can be fixed. I was of course undercapitalized both times.
Member Since Jan 07, 2016   24 posts
Mar 07, 2016 at 08:09
Will VPN give it an extra edge?
Member Since Aug 13, 2015   11 posts
Mar 08, 2016 at 07:49
Can you adjust SL / TP levels? Can you trade pairs other than EURUSD / GBPUSD?
Member Since Nov 18, 2015   247 posts
Mar 18, 2016 at 07:21
what do you guys think? worth trying?
Member Since Jan 07, 2016   24 posts
Mar 18, 2016 at 22:20
The risks are real, but the EA is quite a good one, especially for the asking price. I have it running on a live account and also a demo account. The strange thing was that the EA blew up my demo account but live one is on a profit.

If you're damn unlucky and met with 6 consecutive losing trade, your account is up in smokes...but there's no perfect EA anyway...
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