A 3x Multiplier after Level 3. That's crazy. Is that the reason why the lotsizes are hidden on the rest of the accounts?
''So below are some backtest graphs for a number of currency pairs. All of these tests are for at least a three year period (January 2009 to January 2012).
Why 'only' three years? We don't think anyone is going to run an EA on a broker account for ten years letting their money build up to astronomic proportions. Life's too short! So the Forex Caterpillar package comes with plans to withdraw profits regularly.''
The 'Trick or Treat' guy has a solid point. It's not a matter of 'do you wanna go back to the past' but if an EA is not able to pass the recession bumps that happened in the past more likely will crash when faced with similar market conditions. But then again no past tests can guarantee the future.
The first one ChangeDirEA v1.0 with aggressive settings didn't make it on the long run, but is still good on the short term as 'Take the money and run' I mean it is worth the risk but one has to withdraw the profit before it blows.
The second one ChangeDirEA 3.2 with conservative settings was able to pass the recession points but with less impressive numbers.
I'm using both versions on my live accounts but knowing the risk taken on the first one I started with a small amount only.
I last posted here almost exactly six months ago. All our live accounts are still running, still have drawdowns and are still making profits.
Those who thought we were crazy six months ago probably still think we are crazy. Yet we are still here, still making money with Caterpillar and now have 75 live pairs running on several broker accounts.
Caterpillar V06 is scheduled for release later this month with a raft of additional features and the ability to run on any pair, commodity or metal that can be traded with MT4. Many of our accounts have already been upgraded to Cat V06 Beta for live testing.
If you are running any of those popular 'normal' EAs you will now be sitting on huge losses for the last few months which is obviously very depressing for you. If you are running Caterpillar, you will be smiling. Laughing even.
If you still think we are crazy, check back in another six months. Bye.
Oh, by the way. EzeFX members also get to run EZE057. Here's a myfxbook live EZE057 account going back to March 2012.
He just refuse to close those losing trades and let it run forever. Setting some unreasonable (or i would say no sl and tp, because those value will never cone) stop losses and take profit. Ha ha funny guy!
The idea is risk management, to split the accounts as much as possible. Someone could, if they wanted run an account of $50,000 and earn 30-90% per year. Those are pretty good gains if you ask me. The system has already been proven, after a year the accounts have not blown and have made sizeable gains.
The drawdown now is 45.6% and coming down. The high drawdowns earlier on are because we deliberately underfunded most of our accounts to artificially stress Caterpillar.
Frankly, anyone can produce and run an EA when conditions are good. Underfunding is the best way we know to simulate difficult conditions for this type of EA and it has resulted in updated versions of Caterpillar being developed. This account is now running our latest Caterpillar V06 which deals with a major issue we had previously where commissions and swaps were ignored.
Perhaps instead of trying to rubbish this product you should have the patience to wait and see what happens in future months. We are running more than 20 live accounts and 75 live instances of Caterpillar. Now our underfunding exercise is complete we are starting to run V06 for regular income and will be making further investments shortly.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.