HOT (By itf4u)

Gain : +199.9%
Drawdown 94.00%
Pips: 3126.0
Trades 2184
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

HOT Discussion

Jan 24, 2011 at 07:34
2,375 Views
14 Replies
Member Since Jul 10, 2010   5 posts
Feb 01, 2011 at 17:34
Hi there, nice curves on trades. May i know what Ea is this? Thanks! :)
Member Since Nov 09, 2010   15 posts
Feb 03, 2011 at 22:29
Not sure I can tell you wich one it is...
Edwardo
forex_trader_23069
Member Since Nov 18, 2010   3 posts
Feb 03, 2011 at 22:47
I am new to the MYFXBOOK so sorry if I will sound a bit confused.
I understand that you are the creator of few trading EAs and one of them is called HOT, is that right?
I would like to be able to take it for dome or purchase it with the ability to refund my $ if the results would be
not to my satisfaction. If the EA proves to be good I will be more than happy to purchase it.
Could you drop the line to me directly at:
[email protected]
If your EA is martingale, no loss or scalper with STP Loss to TP ration of more than 5 to 1 I wouldn't like to waste your time and mine.

Regards,

Edward
Member Since Nov 09, 2010   15 posts
Feb 04, 2011 at 06:55
Well. Autmatic trading needs 3 things :

- a good EA
- a good broker
- a good set

The EA I use is a FREE EA you can find here and there on internet. I guess my results are due to tons of back tests and demo tests i made the last 3 years.

All I can say is that the EA I use is piplite 2.1 and it's not a commercial one, just a free and opensource one.

Regards
Edwardo
forex_trader_23069
Member Since Nov 18, 2010   3 posts
Feb 04, 2011 at 22:36
Hello;
I was able to locate V 3.1 of this EA. Creator is Jeff, the same guy who coded the Bless. It is excellent show of coding ability but
the main principle of his EAs is potential loss of up to 50%. In theory it makes sense and actually gives good profit for months at the time but then inevitable come and the account is decimated. It appears that piplite uses variation of his main theme which is martingale and need to risk large portion of account with every open trade. No STP, just set level of max DD.
I promise myself never to touch any martingale or no STP EA. they all eventually blow up.

If you have change piplite as to eliminate these draw downs good for you but if you play with martingale good luck and it is rather losing game.

Regards,

Edward
Member Since Oct 22, 2010   10 posts
Feb 05, 2011 at 02:31
can i get details on the PAMM account please
Member Since Apr 25, 2010   3 posts
Feb 17, 2011 at 06:51


Hi please,

Can you post the settings more or less? I'm also studying the piplite v 3.

Regards and good pips.
Member Since Jan 29, 2011   56 posts
Feb 21, 2011 at 14:20
wow...u have a very hot system...i like it...
Member Since Jan 29, 2011   56 posts
Feb 21, 2011 at 14:47
what broker did you use?
Member Since Jun 16, 2010   205 posts
Mar 10, 2011 at 09:33
Hi,

I started testing PipLite as well, but with minor change, and on 6 instruments instead of one to diversify:

https://www.myfxbook.com/members/GridsForPips/testing-account/36690

This account also runs 2 instances of my grid/pyramidtrader, but you can verify which EA is trading in the comments.

Cheers

Soeren.
Always get cashback -
Member Since Apr 08, 2011   153 posts
Apr 08, 2011 at 15:44
Hello,

i´ve seen your incredible great looking 'Hot' system which you say is based on Piplite 2.1. I am also trading Piplite 2.1, but not with such good settings you seem to have it seems. I wanted to ask if you would mind sharing your settings for the EA?

Thank you very much and have a nice weekend,

Lorenz
Member Since Apr 28, 2011   5 posts
Apr 29, 2011 at 14:30
i have found downloadable link for this free ea

download it from here

https://www.forex-tsd.com/blogs/newdigital/301-new-ea-piplite-v2-1.html

Thanks
Member Since Dec 07, 2010   56 posts
May 01, 2011 at 14:45
This kind of EA is always my favorite, a have an account with huge equity in cent account and run with very small lot size and martingale it. I think with right setting it will be great.
I always maintain the equity not drop below 80%.
Hope the chart is back to you and success for your system..
Try or die with nothing!
Member Since Nov 09, 2010   15 posts
May 02, 2011 at 07:39
Thanks a lot for the link and for your words ;)
Member Since Nov 09, 2010   15 posts
Jan 26, 2013 at 19:19
It seems connection between my account and MyFxBook is broken... I'm going to see what's wrong...
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