GoldBull Pro Aggressive (by GoldBull_Pro)
Gain: | +12082.75% |
Drawdown: | 18.57% |
Pips: | 2668.1 |
Trades: | 1899 |
Won: |
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Lost: |
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Type: | Demo |
Leverage: | 1:500 |
Trading: | Automated |
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GoldBull Pro Aggressive Discussion
ibthescottyb
Member Since Oct 08, 2010
407 posts
Jun 08 2015 at 11:32
Running live - seems to be ok so far
here is another live result using ic markets https://www.myfxbook.com/members/camel8888/goldbull-pro/1253325
winner never quit and quitter never win
rob559
Member Since Feb 11, 2011
1916 posts
Jun 08 2015 at 15:11
this is a scalper,we will see how it goes during the worst time of the year for scalpers ,july and august
Hi,
here's my take on this EA: as with other aggressive scalpers, it is imperative that you run it on true ECN broker, with minimal spreads (i.e. 0.1 - 0.5 pips) and low commissions, when commissions are included the transaction costs should not exceed 1 pip.
Very important as well is execution time (the EA stays in trades for seconds) and as low slippage as possible.
If you look at the performance metrics of this live account (not mine)
https://www.myfxbook.com/members/GoldBull_Pro/goldbull-pro-live/1229593/mYUG1RsrawmqfnbMFKVb
you will notice that the only pair in the green is EURUSD, and only on the long side. Everything else is a waste of money/time, even though the history is relatively new.
My opinion is that these stragies can last a couple of months until the brokers understand the strategy, then they will kill you with slippage and/or they will delay your execution to death.
I've lost more money with similar strategies than I can remember. This is not an impulsive scalper à la MDP but is still pretty extreme.
It's no wonder that the vendor doesn't show a live statement...
here's my take on this EA: as with other aggressive scalpers, it is imperative that you run it on true ECN broker, with minimal spreads (i.e. 0.1 - 0.5 pips) and low commissions, when commissions are included the transaction costs should not exceed 1 pip.
Very important as well is execution time (the EA stays in trades for seconds) and as low slippage as possible.
If you look at the performance metrics of this live account (not mine)
https://www.myfxbook.com/members/GoldBull_Pro/goldbull-pro-live/1229593/mYUG1RsrawmqfnbMFKVb
you will notice that the only pair in the green is EURUSD, and only on the long side. Everything else is a waste of money/time, even though the history is relatively new.
My opinion is that these stragies can last a couple of months until the brokers understand the strategy, then they will kill you with slippage and/or they will delay your execution to death.
I've lost more money with similar strategies than I can remember. This is not an impulsive scalper à la MDP but is still pretty extreme.
It's no wonder that the vendor doesn't show a live statement...
Only a week in to using this EA on my demo account and already up 10%. I don't want to get my hopes up too much, but looks like it might be worth a go live.
Demo isn't going to do much for you as it doesn't factor in slippage and execution time (slippage especially).
I've seen scalpers come and go and in my experience MT4 as a platform isn't equipped to handle aggressive scalping very well. cTrader maybe (just maybe).
It's a tad suspicious that the vendor doesn't show a live performance. I'd like to see a decently sized account, say 1k, and at least 6 months of forward testing. This would give me some comfort...
I've seen scalpers come and go and in my experience MT4 as a platform isn't equipped to handle aggressive scalping very well. cTrader maybe (just maybe).
It's a tad suspicious that the vendor doesn't show a live performance. I'd like to see a decently sized account, say 1k, and at least 6 months of forward testing. This would give me some comfort...
Professor53
Member Since Dec 15, 2010
795 posts
Jun 18 2015 at 19:41
CHeck out live real money on ibthescottyb chart above. Not the same as demo.
Click on my Name to see My Live Charts and Bio.
ATENTION! This EA doesn't show the same results in demo and in real account.
Bought this EA got 25% of the account lost.
Ask for a refund dozen times and the seller Always refuses.
If he was so sure about his EA why no offer a refund??
And he block a friend of mine from posting on this tread after is said the truth.
The people who come here speak the truth are just prohibited from posting... Really a good kind of seller!!
STAY AWAY from this guy
Bought this EA got 25% of the account lost.
Ask for a refund dozen times and the seller Always refuses.
If he was so sure about his EA why no offer a refund??
And he block a friend of mine from posting on this tread after is said the truth.
The people who come here speak the truth are just prohibited from posting... Really a good kind of seller!!
STAY AWAY from this guy