REV Trader PRO REAL Discussion

I don't know about ALL the pairs Revtrader trades... The way I judge trend by simple price action, eurusd is still down and I could still make that case with audusd, though it's a closer call. EURUSD is so emotional right now if the Greek finance minister rubs his left nostril rather than his right, it could send euro up 1000 pips. It's not an instrument I would choose to trade.

GBPUSD is problematic however. As I read charts, the trend for this one on both H4 and D1 switched to LONG over a week ago. As I see it when price exceeds the most recent high nestled between a pair of new lows that's enough to flip the trend. It's been that way for some time and I don't know what it will take to make rev change its overall posture, but a new SHORT here is very clearly wrong-headed. We have successive higher highs and higher lows marching up on the H4.

JMHO.

Knight2000 posted:
LibertyHound, I respect your opinion but if the EA were working that great you would not have seen this many people demanding a refund. Again, this is wasn't a $97, $197 or even a $297 EA. When you spend that kind of money you expect certain results. I was actually considering a much cheaper EA that also shown positive results but after reading Doug Price's background and seeing the results for the past year I decided to give it a try. Just so you know I've been running the EA since I bought it the 1st week in December. While demo testing in December I had decent results but January and February have been bad. Just because I don't post my results doesn't mean I'm not running it. In fact most of my trades match the vendor's almost exactly to the pip and as you can see the vendor's account is doing horribly. You call it what you want...complaining or whatever. I call it getting what I paid for. You say it's the market causing the losses for GBP....if that were true then Vortex should be having trouble also which it clearly does not. It accurately recognizes the trend and applies the correct order and wins with a greater than 90% accuracy. If you don't want the new version of RTP that's your business, but for those of us who would like it, we should be given the option to use it. Just my 10 cents.... :)

Knight2000, Well said and clearly see your point of view... But I guess you and I are gonna have to agree to disagree...

1. You CAN NOT compare RTP and VTP, they are 2 completely different EA's with different trade strategies. Just because they are from the same vendor does not mean they should be the same. I do agree a discount for VTP would be nice if you already own RTP. Yes this was not a cheap EA, not the most expensive I have purchased tho...

2. The hole point of MyFXBook is to share your results with others, therefore, and I am sure I am not alone in this, feel that anyone who is gonna comment on performance should be sharing their data so other can see/compare and verify...

Actually LibertyHound, to a degree you're reinterating what I was saying. I get that MYFX is for posting your results and sharing but for me personally, I didn't get on here to post my results in detail. I got on here simply to see what others had to say about RTP before I made the decision to purchase it. I won't say take my word for it because my results aren't shown but when I demo tested RTP back in Dec I was amazed at how similar to the vendor's account my account was. Well, in Jan and Feb nothing has changed in that it's still just like the vendors but this time showing the same losses he has. In some respects my results are slightly better in that I didn't get some of the signals for the GBP trades that he did which resulted in losses but I have gotten enough bad trades to know something's wrong. When a new EA (VTP) is released within a couple of months of RTP has near perfect results even with the same currencies the EA you just spent nearly $1,000 for is struggling with, it's difficult not to feel slighted. Yes RTP and VTP have different trading strategies but the end results shouldn't be THAT DIFFERENT especially over this long of a period of time. I truly don't believe the vendor did anything intentional in that he was just trying to get money from everyone and I do believe that he is very sincere in his intentions to help us but I'm not going to feel bad just because I'm looking for some help after experiencing continuous losses on an EA I've spent this much money for.

It sounds like you may have more experience in Forex and with EA's than I do and you have been able to modify your EA to handle the market conditions a little better. I on the other hand am expecting it to work 'right out of the box' as advertised with no mods at all. I don't want to touch anything that may make it trade worse as I'm not sure what many of those settings do. By the way I'm trading micro lots at this point and have recently turned off the GBP/USD currency to protect the balance in my account as best as I can.

Users who purchased REV for the past few months are all suffering from the recent DD, and we all loss a bunch, let alone earn back the purchase price.

We should not be tempted to buy another EA just to hope that the new EA will earn us back our money.

We should vote to ask Doug to incorporate VTP into the current REV, and this decision cannot be decided by just a few individuals.

I personally advocate having the VTP logic built into REV, and we can switch on and off this logic, so we can have a chance to earn back our $$. At least this is what the vendor can do to help us out of the losing hole, unless he is only after our money!

We all paid to hope to make some $$, not throwing $$ after another.

Any one who second?
  

It appears to me that RTP trades a longer term than VTP. RTP average gain 27 pips, VTP average gain 10 pips.

RTP is essentially a reversal trader that only trades reversals that are in synch with the longer term trend.

I don't know how VTP works, but it may be about the same but on shorter terms.

Since RTP trades the long term reversals/trend, and since the market has pretty much stopped trending in the long term, RTP cannot function properly, hence the latest less than optimal performance. If I were using RTP I would have been sorely tempted to shut it down when the 1D RSI (14) went below 30.

VTP still works because it uses shorter term indicators (it looks that way to me anyway).

Perhaps if Doug were to shorten the monitored terms for RTP it would work better during this transitional period.

Soon enough, anyway, the trend should reverse to gaining, and if/when it does RTP will work like the champion it can be again.

craneliu posted:

vortextraderpro posted:
Guys I can put in the logic for Vortex into RTP, but keep in mind there will be a bunch of trades that will be small wins, when they could have been winners. And you guys may find that frustrating, but it can be done.

Hi Doug,

You create EA, you know the EA mechanism clearly. Don't suggest you change the EA setting too often for the same EA.
Instead as I suggested before, in order to retain current clients especially for the ones within 60 days, you can ask them to use your VTP freely for a while. once the market situation is good for RTP, the clients can switch back to RTP. After that you can disable VTP for those clients, and if they want to continues to use VTP when RTP work well, they have to pay for VTP too. Don't suggest to combine these two EA into one EA.

I concur with craneliu. Don't combine the two but let those of us try VTP freely for a while until market is alright to switch back to RTP.

Some of y'all notice something?.....About two different camps?.......ECN acct users and others. ECN users seem more in agreement to have good & same performance and then there's the rest of us having problems and issues.
Found out why, ecn is the only aggregation of part of the fx mishmash. Did some boning up on web and got a big fx learning lesson.
So now I only want to run my StrategyQuant on Dukascopy tick data.
The next big issue is all EAs being tick sensitive, thus most conclude testing is no good, well I protest. Bar-open-only EAs (now isn't that the rarest of rare sounds to your ears?) is ultimate in replicatable - stable - and fast testing, and FAST helps optimizing!
So that's another way I run SQ with. Development starts with those two above.....well, lol, for me at least. :O. :)
My speal for today, have a good-un. :)

I concur with mchiang0027 in that RTP should incorporate the VTP strategy. If Doug were to release the revised version of RTP with the VTP logic built in, then we would all have the option to download and use the new version IF we wanted to. For those of you who don't want to download and install the new version you simply wouldn't have to. It's the same thing he did with the new SET files for RTP and the new 2.6 version. There were those who chose to download the new version and use the new SET files and there were those of us who chose not to. It would be our choice.

Hi Dough

Do you have only RTP and VTP or is there any other systems or EA's that we can buy ?

I have no problem with RTP at all but if the vendor would somehow give access to VTP it would be great. I can definitely use the boost at this point. Its a shorter term EA but at least it'll chip away at it

HedgeFXGold posted:
I have no problem with RTP at all but if the vendor would somehow give access to VTP it would be great. I can definitely use the boost at this point. Its a shorter term EA but at least it'll chip away at it

A lot of you are saying it would be nice to have VTP integrated with RTP, considering I've picked up VTP, it would be nice to have both strategies integrated as well. Except as a combined product. Ability to choose strategy and values per chart would be nice (not only for RTP but VTP also. VTP did cost a little bit more so I don't see the reason to not integrate the lower costing one into the more expensive version of the product)

I would also enjoy testing the strategies on different pairs. So far VTP has done good entries, it did a long at a peak, but hopefully it was okay over the weekend, we shall see.

craneliu posted:

vortextraderpro posted:
Guys I can put in the logic for Vortex into RTP, but keep in mind there will be a bunch of trades that will be small wins, when they could have been winners. And you guys may find that frustrating, but it can be done.

Hi Doug,

You create EA, you know the EA mechanism clearly. Don't suggest you change the EA setting too often for the same EA.
Instead as I suggested before, in order to retain current clients especially for the ones within 60 days, you can ask them to use your VTP freely for a while. once the market situation is good for RTP, the clients can switch back to RTP. After that you can disable VTP for those clients, and if they want to continues to use VTP when RTP work well, they have to pay for VTP too. Don't suggest to combine these two EA into one EA.

I concur with craneliu. Let those of us try VTP freely for a while until market is alright to switch back to RTP.

This is a good EA however market is not always same and no one can win 100% unless he risk his full account to win the deals. During last two months market is not moving as per EA logic but I am sure soon it will. Wait for right time when EA will generate profit instead of risking your account with risky EAs. This EA require lot of patience. I advise Douge to stick on his working strategy and wait. Douge if you can put timing filter in the new release that will be great.

itsjan posted:

douglasjstan posted:

itsjan posted:

vladrac posted:

ForexCuredotcom posted:
@harshp: I just found out that the reason I did not get a Refund
was because I 'merely' Cancelled my order - which means ONLY that your monthly
subscription of $297/mo. is stopped. You ALSO have to request a Refund in
order to get your initial funds back. Tricky language, but we must be precise in
what what want, without assumptions.

@rob559: , I was not satisfied with the EA once I really looked at the performance
over the last several months. First, there were the incredibly lucky first 2 months.

In the first 9-10 months of the year, the lot sizes were extremely large compared
to what we're instructed now (5% or less of equity). Hence the excellent overall
growth.

In the last 3 to 4 months though, these lot sizes were brought down to this 5%
of Equity area (actually they're Fixed lot sizes, I was just extrapolating) and you
can see the growth rate is quite tiny.

I don't mean to discourage anyone, though. If this EA is plodding along for you
and the money in your Live account couldn't be used in a better way, then I
suggest stick around for a few more months at least.

-Drew
==================================================

Yes very likely we've been scamed. Theres no such thing as refund when using Clickbetter. I can read tons of emails and people complaning about this nice scheme!

https://www.complaintsboard.com/complaints/clickbettercom-they-havenrsquot-returned-any-of-the-money-c678162.html#c1534398

I now realized that the odds of me getting the money back on this and another EA I bought over this company are very very small.

Even when they say they returned, you never get it back.

I hardly doubt the authors of these EAs are not aware of such situation.

700 USD is quite a lot of cash for some of us. But this is the online world... full of crooks all over!

NEVER MAKE ANY TRANSACTIONS WITH CLICKBETTER - FRAUD - SCAM WARNING!

After reading the above - I need to publish my own words of warning. CONTACT YOUR BANK, stop waiting for the Merchant to respond.

I got charged the price in Chinese Yan, however with a 10 percent markup. I requested a refund and clearly indicated that I will be disputing the transactions unless the refund covers the original transaction. I got the refund issued as 'card correction' again in the original CNY amount, however I'm 40 EUR short of the original amount. As I promised, I have disputed the transactions with Visa. I have copied the emails (indicating amount in USD), attached a screenshot from the clickbetter payment page. Nothing indicated that i have agreed the seller would convert the amount into Chinese. The one line remark in the order confirmation saying that they are 'an international company and prices charges might be slightly different' does not give them the right to overcharge. If you have similar issues, I suggest you gather your paper work, take screenshots of the money back guarantees, etc. Only ask clickbetter once for the refund (take screenshots, keep copies of emails, etc..). Then immediately proceed by contacting your bank and as for their card transaction dispute form. I'm asking my bank to reserve all transactions from this company because I have not agreed to deal with them in Chinese Yuan. Visa Card rules state that the transactions have to be processed in the original transaction currency unless you have agreed explicitly that conversion be made into your account currency. My account is neither in CNY, and neither have I agreed to have the transaction charged in Chinese..

I have the same problem - from USD to Chinese Yuan and from Chinese Yuan to my currency. And from my country currency back to USD is 823.09. That is the amount I am paying for RTP. 3 currency exchange losses. I am paying USD 823.09 and not the USD 697.

Dispute the transactions immediately! Does anything good come from China?

Update: After sending the dispute form to my bank, the missing amount (47 EUR) was paid back to my bank account immediately, no questions asked. If you have suffered because of the Chinese Yuan conversion, the contact your bank and dispute both transactions - the charge and the refund transactions.

New week, in an effort to manage the negative results that occurred the past few weeks, I turned off the GBP pair.

I am currently up 30+ pips for the week sofar with an AUD and a NZD trade and 2 active NZD trades....

I am still on version 2.5

LibertyHound posted:
New week, in an effort to manage the negative results that occurred the past few weeks, I turned off the GBP pair.

I am currently up 30+ pips for the week sofar with an AUD and a NZD trade and 2 active NZD trades....

I am still on version 2.5

Similar results but with a long GBP closed at sl with profit..also v2.5

HedgeFXGold posted:

LibertyHound posted:
New week, in an effort to manage the negative results that occurred the past few weeks, I turned off the GBP pair.

I am currently up 30+ pips for the week sofar with an AUD and a NZD trade and 2 active NZD trades....

I am still on version 2.5

Similar results but with a long GBP closed at sl with profit..also v2.5

Hedge, are you using a different timeframe than 1H or manual trading the same account? you have alot of trades no one else has...

Thanks

LibertyHound posted:

HedgeFXGold posted:

LibertyHound posted:
New week, in an effort to manage the negative results that occurred the past few weeks, I turned off the GBP pair.

I am currently up 30+ pips for the week sofar with an AUD and a NZD trade and 2 active NZD trades....

I am still on version 2.5

Similar results but with a long GBP closed at sl with profit..also v2.5

Hedge, are you using a different timeframe than 1H or manual trading the same account? you have alot of trades no one else has...

Thanks

Yes Sir got some manual mixed up in there (somebody stop me). But I do keep my charts on 30m

Today's Aud/Usd order is missing on my Tickmill account...