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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

REV Trader PRO REAL Discussion

youngchang
Nov 26 2014 at 11:40
390 posts
FXtrader2010 posted:
No EA will ever be exactly the same as vendor account unless they trading your account through an EA which this is not that! ! ! ! Always test EA's on demo before going live!


Fxtrader!!!
We are not talking about 'exactly the same as vendor account'.
Vendor account made 16 pips profits and my account ended up 30 pips loss on last trade.

I think it is serious if it is doing continues or once in a while

FXtrader2010
Nov 26 2014 at 12:20
724 posts
youngchang posted:
FXtrader2010 posted:
No EA will ever be exactly the same as vendor account unless they trading your account through an EA which this is not that! ! ! ! Always test EA's on demo before going live!


Fxtrader!!!
We are not talking about 'exactly the same as vendor account'.
Vendor account made 16 pips profits and my account ended up 30 pips loss on last trade.

I think it is serious if it is doing continues or once in a while
Are you using the update.txt settings or only open one trade per pair? My results are almost exact same as vendor and I use pepperstone!!!

youngchang
Nov 26 2014 at 12:39
390 posts
FXtrader2010 posted:
youngchang posted:
FXtrader2010 posted:
No EA will ever be exactly the same as vendor account unless they trading your account through an EA which this is not that! ! ! ! Always test EA's on demo before going live!


Fxtrader!!!
We are not talking about 'exactly the same as vendor account'.
Vendor account made 16 pips profits and my account ended up 30 pips loss on last trade.

I think it is serious if it is doing continues or once in a while
Are you using the update.txt settings or only open one trade per pair? My results are almost exact same as vendor and I use pepperstone!!!


Hi Fxtrader,
I just installed it by default with setfile. just changed the lot size.
I think it open one trade per pair by default, right?
Do you think is it the reason that my account is not the same as vendor's?

My broker is finfx

krikri
Nov 26 2014 at 14:45
27 posts
If EA take stop or limit order, you can have the same account as vendor !!

uaehawx
Nov 26 2014 at 14:46
66 posts
FXtrader2010 posted:
No EA will ever be exactly the same as vendor account unless they trading your account through an EA which this is not that! ! ! ! Always test EA's on demo before going live!


no the demo no slippage and 0 connections ms and also no spread how u want try the ea on demo

I have 10 ea work on demo 1000% week but kill account on live

best regards

DD (ddr555)
Nov 26 2014 at 14:47
176 posts
namminh75 posted:
paolos posted:
Also my demo account on Synergy (the same brokers of revpro myfxbook account) has the same problem

opened the trade at 17:00 @ 1.24191 and close today at 16:37 @ 1.24506 - 31 pips lost

it's quite strange that the real account opened 1 our later than all the other !

if there was a problem of slippage, this problem is the real account myfxbook which opened an hour later, and not all the other accounts




Hi fellow traders,


Actually we have to go into the system of our vendor and make an analysis about it.

First the system of our vendor called Revprotrader. Rev is the short form for reversal. The system only trades on a reversal point with the three given and fixed categories: 1) High Low,2) Stoch and 3) MA. When all these three mentioned categories match the same condition,e.g. short,short short or long long long, then position will be opened. The system therefore ignores on fake signal or high volatility of the market; so that means the markets can go up and down like they want but the system will not open any position,if the conditions are not matched.


So far so good. Now the question is: why positions for the same pairs on the same chart(1hour chart time frame) have been opened with different rates? By chance I was at home at that time and I set up in my MT4 email alerts. That means if positions are opened,then MT4 emailed me. As my position for E/U was opened at 1.241xx with the EA from our vendor,I was very eager to see how it was executed. So on my screen three categories were matched at that time…short short short. It was quite strange,for the market seems to be pulled up at that moment and the system gives the short signal. The categories short have appeared not so long,then it was disappeared again,while the eurusd pulled further up. Till the rate reaches the level of 1.243xx the system shows again the short short short categories on the screen.

Well at the time when my position was opened I went to the page of vendor at myfxbook.com and saw no trade was opened.
Vendor’s trade but was opened lately at the latest time at discussed above. Now the question is: why the position of our vendor was not executed at the same time like us and there are some possible reasons:

1) The differences of rates between brokers,therefore the EA also calculates differently.
2) The server traffics between brokers,some have large server traffic and some have very small.
3) The using of VPS and direct connection. That means if our MT4 at that time run through on deskstop and the positions have been executed might be different as the executed positions which have been run through VPS only due to the band width thereof etc.
I can only think of three reasons above. Maybe you have more ideas about.
Cheers
Minh

Hi Minh!
You have done good analysis of RTP EA. I think of some short of filter with sequence of events of these three indicators such as MA cross over may be first occurrence then second occurrence should be Stoch and third occurrence may be LowHigh signal then only may be entering the trade. This is just a thought. What do you think about this?
Regards,
DDR

Be Vegan, Make Peace
Davey
Nov 26 2014 at 14:48
69 posts
jamesphuc posted:
Hi all,

Let me talk something unbiased as follows:

1. I monitored this ea for nearly 1 month, and so far, it triggered trades with good entry and get stopped loss promptly.

So, this live account of vendor can not be a fake account to prove fake results, because many times, it had floating losses of few thousand usd before market reversed to the ea's direction, and the ea could manage to close all trades for PROFITS or EVEN AT SMALLER LOSSES than before.

This is good point about this ea.

2. What I just wonder is why there were some problems like yesterday when vendor's account made 16 pips gain on EURUSD SELL, while other users had stop loss. Even Birth's account at Privatefx broker also had stop loss of around 31 pips, although so far, all trades of Birth's account has been VERY SIMILAR TO Vendor's account (Win / Win or Loss / Loss). Just a few pips different, which we can explain as SLIPPAGE or Broker's different price feed.

3. I highly think that the vendor should look and check the codes inside his EA, Latest version to fix any inner errors of the ea, and release the newest updated version to all his buyers asap.

4. There must be at least one or two buyers who should try to use vendor's ea on live account at Synergyfx to compare trades. By doing like this, everything will be clearer for us to comment.

HAVE A NICE DAY TO ALL !

James


James

With regards to 4.
I will be running it on a Synergry real account. Just need the money to clear down under first, then I will create a spread and monitor slippage on every trade, then report back in a few weeks.

James Phuc (jamesphuc)
Nov 26 2014 at 14:49
88 posts
Hi,

Finfx is not a reliable broker when it comes to stable spread and price feed. I used them few years ago, and got this experience. Not only me, but some other traders had same experiences like me.

Pepperstone is better. XM is also good.

Just for your reference.

Anyone is willing to open a live account with SYNERGYFX and forward-test this ea on same broker as vendor, and use same set files to see how trades are looking like in next week?

Have a nice day !

James

MiiX3R
Nov 26 2014 at 14:50
19 posts
Does anyone know how to set the slippage to match the broker?

vontogr (togr)
Nov 26 2014 at 16:14
4862 posts
MiiX3R posted:
Does anyone know how to set the slippage to match the broker?


Sllipage is sort of delay when you execute trade it needs to get from client - MT4 to server and execute.
You cannot set it. You can minimize it with good broker and with trading on server nearby.


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