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RevEnginePro Majors REAL (By RedRhinoLab )

The user has deleted this system.

RevEnginePro Majors REAL Discussion

RedRhinoLab
Mar 19 2015 at 08:06
631 posts
Yes, Focus on protection and let the better signals give us yield.

If GBPUSD moved just a little more in profit, the SL would have started trailing to lock in profit. Once more than 1 order is open the EA looks for Breakeven protection to exit the basket

fxdad
Mar 24 2015 at 12:57
38 posts
Frank, I haven't started trading live with this, since my demo is in pretty bad shape. Already lost 10% of the account within 3 weeks. SL of 210 pips is wiping off pretty much every small gains it makes. I see that you use different settings on real account, SL is more than 210 pips there.

I guess it might work with different settings but this 1 demo license isn't letting me do anything. Can't you relax on that restriction please? It would be beneficial if many people test on their demo and report back, right?

I mean, restricting to 1 real license is just fine, that's what pretty much all vendors do, but please remove restrictions on demo accounts. Otherwise I just might not be able to use this, which is a shame.

RedRhinoLab
Mar 24 2015 at 16:29
631 posts
I can't remove the restriction on the demo because someone would eventually abuse that freedom. The license numbers can be changed when I make an official Update: https://redrhinofx.com/update-policy/ - Until then, continue demoing with the account that you are using. Your next demo should also have such as 1 Million balance and Non Expiring at your favorite broker.

Version 1.2 is almost complete.

When an update comes out I want to prove that its worth while and not just add features just because a client wants it. For example here are Version 1.0 to version 1.2 comparison - https://www.myfxbook.com/members/Revenginepro

I have added many features including a revision on the entry logic, It will no longer trade as RevTraderPro.

I have added the CloseFridayProfits and prevent new signals on Friday, however backtest results are worse and not improved.

I would rather not include such a feature because it can't be proven to help. I understand the Weekend GAP and that is the reason why other traders want the feature. Maybe this feature should be left OFF and switched on manually from time to time based on Econ News.

Version 1.2 will include
Money Management based on Stoploss value ( Risk Per Trade )
Spread Filter
CloseProfitableFriday
PreventNewSignalsFriday

I liked your idea to lock in profits during ranging markets, This will take some more time.

I do like the ideas and suggestions that come with feedback and I want more opinions but unrestrictive demo's isn't an option.


fxdad
Mar 24 2015 at 17:00
38 posts
Thanks. I am wondering how someone would abuse demo accounts? Could you please clarify?

RedRhinoLab
Mar 24 2015 at 17:23
631 posts
@fxdad By simply sharing the software that would run on any demo account. Once on demo account, you have all the signals and can transfer to live accounts by many methods.

The good news is that I am actively working on software and updates will come through out years ahead allowing many opportunities to switch the Account numbers for your license.

RedRhinoLab
Apr 06 2015 at 10:36
631 posts
RevEnginePro 1.2 will be released shortly - https://redrhinofx.com/rev-engine-pro-version-1-2/

Contact me if you need to change your account number

goode
Apr 06 2015 at 18:07
219 posts
@RedRhinoLab send you email that i need to change account of rep 1.2,but need one or two week to open a new mt4 account.........

fxdad
Apr 07 2015 at 13:51
38 posts
Frank, I had sent you my demo & real account details. Please let me know if the 1.2 version is ready for download.

fxdad
Apr 07 2015 at 13:53
38 posts
Also, do you have the forward test of 1.2 version uploaded here?

RedRhinoLab
Apr 07 2015 at 14:30
631 posts
RedRhinoLab posted:


Version 1.2 will include
Money Management based on Stoploss value ( Risk Per Trade )
Spread Filter
CloseProfitableFriday
PreventNewSignalsFriday



@fxdad check link above, most license are complete. I removed the 1.2v trading logic difference at the last moment but all features still added. It will trade the same at version 1.0 so I don't need to post another forward test.

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