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Pipable :: Menkent (By pipable )

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Pipable :: Menkent Discussion

Jarora
Mar 11 2014 at 11:58
371 posts
You do backtest from 2008 to 2014?

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pipable (pipable)
Mar 11 2014 at 15:03
62 posts
Silverthorn posted:
pipable posted:
Menkent Weekly MAR 2 2014 MAR 9 2014 Lowrisk released:
https://www.myfxbook.com/strategies/menkent-weekly-mar-2-2014/60786


Low Risk!!!! 17% draw down and Crashed on day 5?

Sorry but how is that low risk and is that a good point for conversation?


Great question. 3 points here though:

1: have you watched the results of same week? No crach. Why? because the EA has news detection capability.

2: the system is returning 60% a month. What is your exact expectations for drawdown? Please say something that would make sense. for 60% return you'd think 17% is high? Can you show us just 1 EA that can have same if not better results?

3: Dont you like the transparency and how honest we share the real information and not fake everything like scammers in online forex do?

Let us know.

April

pipable (pipable)
Mar 11 2014 at 15:04
62 posts
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!


We havent developed anything public in the past. now if you like to keep assuming....well...thats just a personal choice :)

pipable (pipable)
Mar 11 2014 at 15:05
62 posts
Jarora posted:
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!


Correctly. I would wait at least 1 year.


Good luck :)

pipable (pipable)
Mar 11 2014 at 15:05
62 posts
Jarora posted:
You do backtest from 2008 to 2014?


Like we have explained before. the EA has news detection capability so it is not really backtestable. Yet we backtest and release the results every week.

David

corre71
Mar 11 2014 at 15:11
256 posts
pipable posted:
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!


We havent developed anything public in the past. now if you like to keep assuming....well...thats just a personal choice :)


I am not assuming nothing about u, nothing bad and nothing good! I am wondering only for the strange behaviour of people jumping in systems (nothing bad on u) that are simply too young to shows that they can survive and be profitable in the medium term! Of course i maybe wrong, but i am more cautious on risk my money, and (again nothing bad versus u) i would like to know more about the developer (what preceeding eas he developed, how they worked, how they assisted customers)! This is my point of view! Maybe next year i will be ur customer if ur account will show good risk/reward ratio! But for now it is oo ealy in my opinion!

Running only Expert advisors with good long term backtests and nice forward tests
Jarora
Mar 12 2014 at 18:05
371 posts
ellvin posted:
Menkent from Pipable is the best forex EA!


Yes it was also sphantom and fx papa.

Jarora
Mar 12 2014 at 18:16
371 posts
pipable posted:
Jarora posted:
You do backtest from 2008 to 2014?

Like we have explained before. the EA has news detection capability so it is not really backtestable. Yet we backtest and release the results every week.
David


Is it a EA or EA which receives the entry points from your server?

rob559
Mar 12 2014 at 19:43
1916 posts
corre71 posted:
pipable posted:
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!


We havent developed anything public in the past. now if you like to keep assuming....well...thats just a personal choice :)


I am not assuming nothing about u, nothing bad and nothing good! I am wondering only for the strange behaviour of people jumping in systems (nothing bad on u) that are simply too young to shows that they can survive and be profitable in the medium term! Of course i maybe wrong, but i am more cautious on risk my money, and (again nothing bad versus u) i would like to know more about the developer (what preceeding eas he developed, how they worked, how they assisted customers)! This is my point of view! Maybe next year i will be ur customer if ur account will show good risk/reward ratio! But for now it is oo ealy in my opinion!


because there is traders and there is players guess whose category they belong

user111
Mar 12 2014 at 20:18
26 posts
So, Sphantom went out of business today and we have the new sphanom here under the menkent name. lets look at the two strategies:
-10 TP
 -secret strategy of entry
 -run as trade copier
 -two trades as a maximum
 -the second trade is in the distance of approximately 25-50 pips from the initial entry.
 -myfxbook account funded with an initial deposit of 100USD
 -the MoneyManagement is managed throught 'risk setting' which is the amount of account balance risked
 -forward live test run at the risk of '30', although the recommended risk setting is '10'
 -with risk setting of '10' you risk 50% of your equity.
 -Sphantom was fair enough showing the SL of 200pips. Menkent does not show the stop-loss, but based on the information from the seller with the '10' risk setting the 'recommended' risked equity will be approximately 50%.

The above is how the Sphantom was set-up and how the FXPapa was set-up. And - surprisingly - the above fits the setting of Menkent as well. Coincidence? For me it is the same system. Just sold under new name. if you could show me the difference - please do! Sphantom seller cheated on his customers and closed the business without any notice after cashing the 299 dollars per a license. These guys could do the same in the future. They are just recycling the strategy again and again. Or...Menkent has stolen the strategy from Sphantom and in such a case they should be sued for it. I am sorry, but I dont believe that non-relative people can create absolutely the same system (when considering fxpapa and cyberforex) 4 times in a row.

On a side note - Menkent people say that the SL is hit approximately once in 6 months based on their backtesting. With the recommended risk setting of '10' you will have an monthly return approximately 10%/month. After six month you will have approximately 180% of your initial investment and your SL will be hit and 50% of your equity is gone. So you will have the initial equity. More or less. Only difference ... the Menkent guys will enjoy your money. It's sounds like a scam to me.

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