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REV Trader PRO REAL (by revtraderpro)

Gain: +3474.7%
Drawdown: 24.25%
Pips: 3809.5
Trades: 938
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated
FXtrader2010
Oct 31 2014 at 16:21
724 posts
JohnMelvin posted:
Ok guys.
Please give me overall conclusion, without lies.

Is it worth to spend such money for this EA?


I am testing a few EA's right now.
Only some of them still profitable..

Regards,
John
Man this EA is VERY legit! The entries are incredible! The fxbook is a bit tricky but it is really just an exmple of vendor showing off. Not a bad thing just not what a trader should do in real life. You can make the money back the cost of EA in little time.

Antny (fughe)
Oct 31 2014 at 17:45
724 posts
LiquiMolly posted:
Hi everyone!

Would anyone be so kind and explain how these two accounts traded GBPUSD so differently during the 10.30.2014? Is it all up to the settings or what? One is trading two currencies and the other four, but still the GBPUSD is completely different during this day 30th of October.

Grateful for your input! BR

https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v20/1060479
https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v22/1046184


Very simple. The two accounts are not trading the same pairs. One of them is even trading a pair that is not on the list of recommended currencies. The other is not trading all four of the recommended currencies.

Make losses, but always come out a winner at the end.
Antny (fughe)
Oct 31 2014 at 17:49
724 posts
Birt has also setup a live test account. He is using 1% for the money management, which I consider more realistic. https://www.myfxbook.com/members/birt/rev-trader-pro/1052077

Make losses, but always come out a winner at the end.
revtraderpro
Nov 01 2014 at 10:46
106 posts
The account that is down is trading pairs that are not suppose to be traded with REV Trader PRO.

LiquiMolly posted:
Hi everyone!

Would anyone be so kind and explain how these two accounts traded GBPUSD so differently during the 10.30.2014? Is it all up to the settings or what? One is trading two currencies and the other four, but still the GBPUSD is completely different during this day 30th of October.

Grateful for your input! BR

https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v20/1060479
https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v22/1046184

M. A. Shahid (mashahid)
Nov 01 2014 at 10:46
90 posts
I am very much happy with the logics of this EA for entry and exit points. Even though my start with this EA is not good but I am confident it will recover my losses soon. Good thing is, I compare my trades with master account, they are 100% identical except those which I closed manually or owner has closed manually during weekend. It shows vendor is giving same setting what he is using. I have 60 days money back guaranty and I am hoping that I will keep the EA and will not refund. If any one need my advise then he should buy in one shot instead of installments to save the money. By the way I am not seller and I don't have any commission from vendor, I am giving your my honest review. Track my account to make your decisions.
https://www.myfxbook.com/members/mashahid/icm-rev-trade/1057891
I have an other EA under my portfolio which made 190% a month but I don't have courage to put him on live however this EA after reviewing the logic I put on live. Here is the other one 120% per month EA but I am using only on demo with risk level 10%
https://www.myfxbook.com/members/mashahid/icm-arbswiss/1058359


James Phuc (jamesphuc)
Nov 01 2014 at 10:46
88 posts
Hi all,

1. Do you know why Birth has not used this ea on EURUSD, while the creator of this ea is still using it on EURUSD?

2. According to creator of this ea, how many % risk is max risk that he can suggest? 3% or 5%?

3. From the summary of this myfxbook of creator, AUDUSD is the most PIP GAINER PAIR. But why doesn't the creator increase lot size of AUDUSD to 3 like NZDUSD, but he only uses 1 lot?

I am observing and it seems this EA is worth the money. It is just the creator has not provided detailed guidance and explanations such as: Why he set up smallest lot size on AUDUSD (when this pair made the most pip gains), and why he set up biggest lot size at 3 on NZDUSD? What is max risk % that he can suggest if we want to use MM instead of fixed lot size, etc?

Hope anybody who has bought this ea can ask the vendor and let's see how he explains.

Have a nice weekend to all !

James

LiquiMolly
Nov 01 2014 at 22:12
8 posts
fughe posted:
LiquiMolly posted:
Hi everyone!

Would anyone be so kind and explain how these two accounts traded GBPUSD so differently during the 10.30.2014? Is it all up to the settings or what? One is trading two currencies and the other four, but still the GBPUSD is completely different during this day 30th of October.

Grateful for your input! BR

https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v20/1060479
https://www.myfxbook.com/members/Killer_FX/rev-trader-pro-v22/1046184


Very simple. The two accounts are not trading the same pairs. One of them is even trading a pair that is not on the list of recommended currencies. The other is not trading all four of the recommended currencies.


Hello Antny!

Yes, they are different, but I asked about GBPUSD for the same day/date - not the other currencies. Both traded bot SELL and BUY GBPUSD but one system did very bad while the other well. That's what I asked about. Have a look and please help me to understand the difference:

BR

M. A. Shahid (mashahid)
Nov 01 2014 at 22:12
90 posts
fughe posted:
Birt has also setup a live test account. He is using 1% for the money management, which I consider more realistic. https://www.myfxbook.com/members/birt/rev-trader-pro/1052077

I think his risk is not 1% because I set risk level 5% and it is taking lot size .02 on $388 balance how come with 1% risk it is taking .03 lot on 300 account. May be his risk is 10 not 1.

ND Ramos (ramosxp)
Nov 01 2014 at 22:12
9 posts
MA Shahid

what settings have you used since the recent REV update last week? I've used the default settings for 2 weeks, but last week after 2 losses at .5 lots, the new revised update have sized the trades at .05

srk121
Nov 01 2014 at 22:12
28 posts
Hello guys,

i am very new to forex and i do not understand the EA or the lot sizes. I would like to join REV trader, what would be the next step and what is the minimum requirement???

I currently have an account with XM - its an micro account do you think it will be ok?

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