REV Trader PRO REAL Discussion

douglasjstan posted:
I have run the EA in live account for 10 days and it made only 2 miserable trades with a profit of $1.07. I have followed the exact instruction on the manual - load the set files and modify the Order2Distance and Order3Distance as advised in the 'important update note' text file, it still does not trade. I have sent more than 1 emails to support to check if settings is correct and nobody reply. I have to say after 10 days of trial with 2 miserable trades and only $1.07 profit plus NO AFTERSALES SUPPORT, my decision to buy this EA is a bad one. So I have published my trading results for everyone to see and decide if you should buy. It will also serve as an evidence if the EA fails after 60 days, I can claim a full refund.

https://www.fxblue.com/users/67803/stats

The EA can be in one of those losing cycles. No trading system makes all winners. Here is a backtest on EURUSD - https://www.myfxbook.com/community/strategies/revtraderpro-eurusd-cp/896278,1

douglasjstan posted:
I have run the EA in live account for 10 days and it made only 2 miserable trades with a profit of $1.07. I have followed the exact instruction on the manual - load the set files and modify the Order2Distance and Order3Distance as advised in the 'important update note' text file, it still does not trade. I have sent more than 1 emails to support to check if settings is correct and nobody reply. I have to say after 10 days of trial with 2 miserable trades and only $1.07 profit plus NO AFTERSALES SUPPORT, my decision to buy this EA is a bad one. So I have published my trading results for everyone to see and decide if you should buy. It will also serve as an evidence if the EA fails after 60 days, I can claim a full refund.

https://www.fxblue.com/users/67803/stats


Dear be patient, this is a good ea and require lot of patience. This ea don't trade every day. It looks for best opportunity, just wait little more. If you want fast results then change Stochastic level from 80 to 70 of all pairs.

Anyone complaining about lack of trades.. this is what causes you to lose in trading. You want trades even when there is not a trade opportunity. Why force trades that aren't there? It's just going to result in losing money. The system trades when the strategy aligns. Be patient. It will have high volume periods of time and slow periods. Let it run.

Hi Doug could you check your emails regarding my refund please?

Yes be patient, i honor my refunds, i just need to get to the email

why no backtests ....or all bt that i heard of were negatives

Got my refund, thanks!

If you install the EA properly, and you dont do business with doggy brokers, you will come back here with good report.

also If you dont have the virtue called Patience, you wont make the best use of this EA. It may not place a trade for a whole week! But once its does, the winning rate is extremely high.

Only one word: Patience, thatz all you need with this Machine.

rob559 posted:
why no backtests ....or all bt that i heard of were negatives

Why do you need a backtest when you have a forward test started a year ago with a real account?

revtraderpro posted:
Anyone complaining about lack of trades.. this is what causes you to lose in trading. You want trades even when there is not a trade opportunity. Why force trades that aren't there? It's just going to result in losing money. The system trades when the strategy aligns. Be patient. It will have high volume periods of time and slow periods. Let it run.

I may be out in left field here, lets see what others think (especially Doug).

RTP is programmed to trade small reversals that follow the 1H and 1D trend. If you look at the RSI(14) and the Full Stochastic (14/7/1) in the daily, weekly and monthly time frames you will see that a major trend change is imminent. That may explain the recent run of losses and the lack of trade opportunities since there is no trend right now. On the other hand, for the first little while that the robot was used back in 2013 and early 2014 there was no trend either and it did very well.

Any thoughts on this?

revtraderpro posted:
Anyone complaining about lack of trades.. this is what causes you to lose in trading. You want trades even when there is not a trade opportunity. Why force trades that aren't there? It's just going to result in losing money. The system trades when the strategy aligns. Be patient. It will have high volume periods of time and slow periods. Let it run.

I agree 100%, I have seen this as the biggest reason for failure in trading (anything not just forex). Anyone forcing trades that indicators aren't there are simply gambling.

MaythTrader posted:
Got my refund, thanks!

Why would you want a refund? Look at the performance on this thing.....

Batcheler posted:

LibertyHound posted:

Batcheler posted:

LibertyHound posted:

Batcheler posted:
Anyone here use REV on usa's fxcm 1:50?

Yes, My FXCM is now 1:50...

Thx. See you just got hooked-up. :) Best of luck, not liking sound of things for REV on 1:50 as some have found here on this discussion, hope you find otherwise, as fxcm would probably be it for me too if I bought REV. :O

My account is big enough that i should not have margin issues using RTP.. But I was surprised when they changed me from 1:400 to 1:50.. But I am still making money and that is all that really matters.. :)

Why doesn't your chart say same thing?: https://www.myfxbook.com/members/LibertyHound/rev-trader-pro-bcc1/1139187
Its set on a later date?

My chart looks bad because this was the first week on that brand new account. Had a few trades this week but wound up down 5.9 pips for the week. I ran RTP on a different account first 3 weeks of Jan, I am using that account for manual trading now. My overall results for Jan 2015: I made 153.1pips, but this month has been very up and down. Add me to your watch list and follow my results..

LibertyHound posted:

Batcheler posted:

LibertyHound posted:

Batcheler posted:

LibertyHound posted:

Batcheler posted:
Anyone here use REV on usa's fxcm 1:50?

Yes, My FXCM is now 1:50...

Thx. See you just got hooked-up. :) Best of luck, not liking sound of things for REV on 1:50 as some have found here on this discussion, hope you find otherwise, as fxcm would probably be it for me too if I bought REV. :O

My account is big enough that i should not have margin issues using RTP.. But I was surprised when they changed me from 1:400 to 1:50.. But I am still making money and that is all that really matters.. :)

Why doesn't your chart say same thing?: https://www.myfxbook.com/members/LibertyHound/rev-trader-pro-bcc1/1139187
Its set on a later date?

My chart looks bad because this was the first week on that brand new account. Had a few trades this week but wound up down 5.9 pips for the week. I ran RTP on a different account first 3 weeks of Jan, I am using that account for manual trading now. My overall results for Jan 2015: I made 153.1pips, but this month has been very up and down. Add me to your watch list and follow my results..

You bet I have, thank you!

xegony posted:

archangelsky posted:

xegony posted:
got EURUSD and GBPUSD orders opened, none of them is closed, but doug's account has 3 trades already closed

It might be the broker data feeds again, which broker are you using?

hi, archangelsky
i am trading on LMAX. do you use the default (1 max trade) or 3 max trades setting?

I am using 3 max trades setting, which I found the results almost same with the author so far. How is your trade so far? Does it match to the author one?

rob559 posted:
why no backtests ....or all bt that i heard of were negatives

Here's BT of AUDUSD for 2014 year.

bigtraderapp posted:

revtraderpro posted:
Anyone complaining about lack of trades.. this is what causes you to lose in trading. You want trades even when there is not a trade opportunity. Why force trades that aren't there? It's just going to result in losing money. The system trades when the strategy aligns. Be patient. It will have high volume periods of time and slow periods. Let it run.

I agree 100%, I have seen this as the biggest reason for failure in trading (anything not just forex). Anyone forcing trades that indicators aren't there are simply gambling.

Doug@RevTraderPro, you miss my point. I am not complaining about lack of trades but NO AFTERSALES SUPPORT. I have sent email to ask for advice if my setting is wrong and there is no reply. Am I supposed to assume that setting is correct and let it runs for the next 50 days or so only to discover that is my fault for remaining patience ? Seriously, you need to do something about support. I hate to rant the frustration here but looks to me that it works - I got a reply right after I posted here. Nevertheless, to do you justice, I will set risk level to 4%-5% as you suggest. I will also top up fund and let the EA runs for the remaining 49 days. My URL has the published results. I am still hopeful that my decision to purchase RTP is a right one. Thanks for replying to my email.

archangelsky posted:

xegony posted:

archangelsky posted:

xegony posted:
got EURUSD and GBPUSD orders opened, none of them is closed, but doug's account has 3 trades already closed

It might be the broker data feeds again, which broker are you using?

hi, archangelsky
i am trading on LMAX. do you use the default (1 max trade) or 3 max trades setting?

I am using 3 max trades setting, which I found the results almost same with the author so far. How is your trade so far? Does it match to the author one?

I was using default 1 trade settings. just have them adjusted. no trade has been placed so far. will compare to the author once it starts trading

Genrich posted:

rob559 posted:
why no backtests ....or all bt that i heard of were negatives

Here's BT of AUDUSD for 2014 year.

Will you be doing all 4 pairs? If so attach them all at once? How 'bout 2yrs for each?
Well, just a 'hmmm', no biggee otherwise. Thx for this one in meantime! :)