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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Well. Based on the performance metrics of this live account I'm watching
https://www.myfxbook.com/community/trading-systems/goldbull-pro-aggressive/946337,8#?pt=2&p=7&ts=62&o=946337
it seems like an aggressive setting trades 0.75 lots on a $1300 (roughly) account, i.e. 75.000 units (assuming 1 lot=100.000 of base currency). On that account size, you're using roughly a leverage of x57 per trade - way overleveraged as far as I'm concerned. Two open trades at the same time and you could get a margin call on 1:100 account. That is an unlikely event since the EA scalps for mere seconds, but it could happen. Imho you're looking for trouble but then again what do I know... the EA has made an impressive 93.8% last month on that broker, most likely on aggro settings. Btw that performance has not been replicated elsewhere to my knowledge, does anybody know if this Roboforex has superior execution, less slippage etc.?
https://www.myfxbook.com/community/trading-systems/goldbull-pro-aggressive/946337,8#?pt=2&p=7&ts=62&o=946337
it seems like an aggressive setting trades 0.75 lots on a $1300 (roughly) account, i.e. 75.000 units (assuming 1 lot=100.000 of base currency). On that account size, you're using roughly a leverage of x57 per trade - way overleveraged as far as I'm concerned. Two open trades at the same time and you could get a margin call on 1:100 account. That is an unlikely event since the EA scalps for mere seconds, but it could happen. Imho you're looking for trouble but then again what do I know... the EA has made an impressive 93.8% last month on that broker, most likely on aggro settings. Btw that performance has not been replicated elsewhere to my knowledge, does anybody know if this Roboforex has superior execution, less slippage etc.?
FxRainbowTrader posted:
This is my real live verified IC Markets ECN account running GoldBull EA in 'Agressive Mode': https://www.myfxbook.com/members/FxRainbowTrader/goldbull-ea-icm-trueecn/1231300
It proves again that demo account results can be really-really misleading.
I don't blame the EA developers. I have accepted the role of the 'guinea pig' and paid the price for it. No further comments...
Hi Fx Rainbow Trader
Why you deleted your account from my fx book, please put it again , we love to see
Thank you for your sharing
Jul 15 2015 at 06:52
https://www.myfxbook.com/members/GoldBull_Pro/goldbull-pro-live/1229593/mYUG1RsrawmqfnbMFKVb
I see the account has not updated since July 10TH, I guess it has blown up?
I see the account has not updated since July 10TH, I guess it has blown up?
ilios_ellas posted:
I've notice the samething.. Also seeing live account popping up with this EA.. Anyone still gaining profit with this EA and would like to share information about it thus far?
https://www.myfxbook.com/members/GoldBull_Pro/goldbull-pro-live/1229593/mYUG1RsrawmqfnbMFKVb
I see the account has not updated since July 10TH, I guess it has blown up?
Work Hard Play Hard... Signal App(Google Play Store):
Jul 26 2015 at 07:13
This is another example of the fact that DEMO results are practically useless for scalpers, and they give unrealistic (i.e. FALSE) results.
Attached is my REAL Pepperstone Razor (ECN) account's performance over the past month. No further comments...
Attached is my REAL Pepperstone Razor (ECN) account's performance over the past month. No further comments...
Attachments:
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Jul 26 2015 at 07:28
FxMasterGuru posted:
This is another example of the fact that DEMO results are practically useless for scalpers, and they give unrealistic (i.e. FALSE) results.
Attached is my REAL Pepperstone Razor (ECN) account's performance over the past month. No further comments...
Can you share settings and pairs?
Jul 26 2015 at 07:35
jhnnavoigh posted:FxMasterGuru posted:
This is another example of the fact that DEMO results are practically useless for scalpers, and they give unrealistic (i.e. FALSE) results.
Attached is my REAL Pepperstone Razor (ECN) account's performance over the past month. No further comments...
Can you share settings and pairs?
EUR/USD and GBP/USD using 'Agressive' setting.
By the way, a week ago I have upgraded the EA to v1.1, but the free fall has not stopped.
P.S. I am done with this EA. I have lost enough in addition to the purchase price. It is proven (to me) that this EA is not viable on a REAL account. Probably that is why it is promoted by using a DEMO showcase account...
P.S II: Since the seller is probably aware of the EA's uselessness on a REAL account (otherwise they would advertise by showing a REAL account), I consider GoldBull Pro another intentional SCAM (from Eastern Europe where most Forex scams are originated from...).
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Jul 26 2015 at 07:43
@FxMasterGuru I do not agree completely, sure the master demo results are misleading. I'm running this EA since two months now and I'm in good profit, but:
- you should found the best tech setup as you can (ECN broker with low spread+VPS possibly cross connect)
- GPB/USD: long in normal/conservative mode, do NOT allow short trading
- EUR/USD: short in normal mode, long aggressive mode
- USD/JPY: do not even touch this pair
For some reason which I can't understand this EA is much more profitable on the long side.
Cheers
- you should found the best tech setup as you can (ECN broker with low spread+VPS possibly cross connect)
- GPB/USD: long in normal/conservative mode, do NOT allow short trading
- EUR/USD: short in normal mode, long aggressive mode
- USD/JPY: do not even touch this pair
For some reason which I can't understand this EA is much more profitable on the long side.
Cheers
Jul 26 2015 at 07:54
I am glad that it has worked out for you. I guess both of us right, just approaching the same 'elephant' from a different angle.
I was simply comparing the DEMO account's performance (with Standard settings) with my REAL account's performance also with Standard settings. The difference is HUGE: night and day. And that is my point.
With some SPECIAL settings it might be profitable on a real account, I don't argue with that.
I consider Pepperstone's Razor ECN account being a pretty good benchmark among the reputable mainstream brokers.
In addition, the EA was running on a CNS (i.e. low latency 'on net') VPS which can be considered also as a benchmark on the market of VPSs. (So I guess, my results were even 'better' than if running by a scam broker and on a home PC...)
I was simply comparing the DEMO account's performance (with Standard settings) with my REAL account's performance also with Standard settings. The difference is HUGE: night and day. And that is my point.
With some SPECIAL settings it might be profitable on a real account, I don't argue with that.
I consider Pepperstone's Razor ECN account being a pretty good benchmark among the reputable mainstream brokers.
In addition, the EA was running on a CNS (i.e. low latency 'on net') VPS which can be considered also as a benchmark on the market of VPSs. (So I guess, my results were even 'better' than if running by a scam broker and on a home PC...)
Attachments:
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