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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

justforexreviews (justforexreviews)
Jan 03 2015 at 10:39
8 posts
That JL trader review is complete BS. There is no way to fabricate live third party verified results on MyFxBook, which is what his post is claiming. I have used rev trader for nearly one month. I must say, I started out conservative using money management at around 5% on the profitable pairs and 3% on the less profitable pairs. It did well but only yielded around $300/week gain. https://www.myfxbook.com/members/justforexreviews/1gnl-v-n013/1092495 is my chart. Over the holidays (the worst time EVER to do what I did), I decided to up my lot sizes to match Doug's account. The $6k balance I had was NOT sufficient to cover the negative floating balance and I hit margin calls two nights in a row. I am running two EAs, PowerFlow (Forex21) and Rev Trader PRO. Both were doing EXCELLENT on auto pilot with standard settings/low lots or MM. As soon as I switched to fixed lots (my own miscalculation, not Doug's fault) I nearly killed my account.

So, I am going to give this another go, starting from Sunday I'll be starting fresh with a new account, and go back to my safe default settings, and stop manually trading whatsoever. I can personally attest to the fact that Rev Trader PRO DOES work as the creator claims. In my personal experience watching it trade, it does often enter and exit at the wrong time (in my opinion) but because the TP and SL are dynamic and not fixed values, it definitely mitigates as much loss as possible while maximizing the gain potential. You can read my official review here: https://theforexmonster.com/rev-trader-pro-ea/

"I don't have a dream, I have a plan." - Spike Lee
MaythTrader
Jan 03 2015 at 10:39
11 posts
I have now had 6 straight losing trades on AUDUSD in the last 48 hours, still waiting for response from Doug why these trades are triggering for me and not on his account. I may ask for a refund soon. Luckily this is only in DEMO.


Jaysfxbook
Jan 03 2015 at 10:39
6 posts
fxtrader10 posted:
Jaysfxbook posted:
@fxtrader10 where did you find that offer? @revtraderpro maybe some undecided potential customers would feel more comfortable buing into your system when being charged a monthly license fee rather than a one off payment as this would assure that you've got an ongoing interest in keeping it updated and profitable in the long run.


It came from an email from one of their reps. It said:

'REV Trader PRO is a highly successful trading robot that follows a simple rule, Trade with the Trend. If the price is trending and the market hits a road bump, odds are in your favour of the trend continuing.

SynergyFX can exclusively provide this EA to you for a free 6 month trial just by opening an account and funding it with $5,000, a saving of at least $700 on the actual cost of the EA. This EA has over the past 2 years returned in excess of 100 percent of the original equity.'

So it seems they just delay you spending $700 for 6 months. I actually had already purchased the EA so couldn't take up their offer.


Thanks for the info. Unfortunately the fact that Synergy is pitching it with the hope to lure potential clients into putting more money into their trading accounts doesn't make the charts/balance sheets published by revtraderpro here more believable.

seankwwongmyfx
Jan 03 2015 at 10:40
6 posts
Hi fxtrader10 ,

I`m looking for an EA. It seems this one the most promising.
May I know how long you have this EA and what is performance?

I`m also one of the user Megadroid and PIP JET, with bad experienced.

thank you.

regards

gwindy
Jan 03 2015 at 10:41
76 posts
Well said fxtrader10...it would be greatly appreciated if others could refrain from 'bad-mouthing' the developer on his own forum. I am a genuine purchaser and user of REV Trader Pro and I'm getting GREAT results with this EA. If you haven't tried it for yourself, could you please kindly keep your opinions to yourself.

craneliu
Jan 03 2015 at 10:52
248 posts
justforexreviews posted:
That JL trader review is complete BS. There is no way to fabricate live third party verified results on MyFxBook, which is what his post is claiming. I have used rev trader for nearly one month. I must say, I started out conservative using money management at around 5% on the profitable pairs and 3% on the less profitable pairs. It did well but only yielded around $300/week gain. https://www.myfxbook.com/members/justforexreviews/1gnl-v-n013/1092495 is my chart. Over the holidays (the worst time EVER to do what I did), I decided to up my lot sizes to match Doug's account. The $6k balance I had was NOT sufficient to cover the negative floating balance and I hit margin calls two nights in a row. I am running two EAs, PowerFlow (Forex21) and Rev Trader PRO. Both were doing EXCELLENT on auto pilot with standard settings/low lots or MM. As soon as I switched to fixed lots (my own miscalculation, not Doug's fault) I nearly killed my account.

So, I am going to give this another go, starting from Sunday I'll be starting fresh with a new account, and go back to my safe default settings, and stop manually trading whatsoever. I can personally attest to the fact that Rev Trader PRO DOES work as the creator claims. In my personal experience watching it trade, it does often enter and exit at the wrong time (in my opinion) but because the TP and SL are dynamic and not fixed values, it definitely mitigates as much loss as possible while maximizing the gain potential. You can read my official review here: https://theforexmonster.com/rev-trader-pro-ea/


your results have told the story. guys, please use your own eyes and experience to make the decision. I only believe the solid performance with long stability. I saw so many EAs and so called professional reviewer in the past 10 years.

Always Risk Management First, Then Grow The Profit!
craneliu
Jan 03 2015 at 11:09
248 posts
gwindy posted:
Well said fxtrader10...it would be greatly appreciated if others could refrain from 'bad-mouthing' the developer on his own forum. I am a genuine purchaser and user of REV Trader Pro and I'm getting GREAT results with this EA. If you haven't tried it for yourself, could you please kindly keep your opinions to yourself.


Hi Windy,

support your points!
I am testing this EA. Usually I don't judge an trading system just based on the results from several months running only. I only can back up the forex trading system with more than 1.5 years trading period at least. After EA has more than 2 years live trading results, I can actively recommend to my clients. The trading mechanism of REV EA is not bad. especially for DD control. But whether it can survive for a long period with stable performance, let the real performance tell...

I have solid experience with other EAs. usually they could performance well with optimized setting for some period. But after half year, even one and half year, the EAs may wipe out trading account completely.

It would be wise to test and understand the EA behavior in the very tough market period (I don't believe the EA only based on back test results, but it is an index at least). REV team optimized the EA settings. But they are very reluctant to share the testing results which are usually provided by the EA vendor. Optimized EA setting is only for certain period. if this setting has no tolerance to the at least very tough market period, then when the market change, it is too late to apply another optimized setting because the trading account has been wiped out already. there are too many cases.

I think REV team should make it more transparent and anwere the questions actively by themselves if they really believe their EA performance with long term rather than a quick seller. I also could understand perplex by the member here.

Always Risk Management First, Then Grow The Profit!
georgehawh
Jan 03 2015 at 12:58
19 posts
gwindy posted:
Well said fxtrader10...it would be greatly appreciated if others could refrain from 'bad-mouthing' the developer on his own forum. I am a genuine purchaser and user of REV Trader Pro and I'm getting GREAT results with this EA. If you haven't tried it for yourself, could you please kindly keep your opinions to yourself.


why did you close your account? if REV is good, you should ask your account to run with profit . but you withdrawn all balance.

surprised!
https://www.myfxbook.com/members/gwindy/goldilocks/1015116

Batcheler (Batcheler)
Jan 03 2015 at 13:29
200 posts
craneliu posted:
gwindy posted:
Well said fxtrader10...it would be greatly appreciated if others could refrain from 'bad-mouthing' the developer on his own forum. I am a genuine purchaser and user of REV Trader Pro and I'm getting GREAT results with this EA. If you haven't tried it for yourself, could you please kindly keep your opinions to yourself.


Hi Windy,

support your points!
I am testing this EA. Usually I don't judge an trading system just based on the results from several months running only. I only can back up the forex trading system with more than 1.5 years trading period at least. After EA has more than 2 years live trading results, I can actively recommend to my clients. The trading mechanism of REV EA is not bad. especially for DD control. But whether it can survive for a long period with stable performance, let the real performance tell...

I have solid experience with other EAs. usually they could performance well with optimized setting for some period. But after half year, even one and half year, the EAs may wipe out trading account completely.

It would be wise to test and understand the EA behavior in the very tough market period (I don't believe the EA only based on back test results, but it is an index at least). REV team optimized the EA settings. But they are very reluctant to share the testing results which are usually provided by the EA vendor. Optimized EA setting is only for certain period. if this setting has no tolerance to the at least very tough market period, then when the market change, it is too late to apply another optimized setting because the trading account has been wiped out already. there are too many cases.

I think REV team should make it more transparent and anwere the questions actively by themselves if they really believe their EA performance with long term rather than a quick seller. I also could understand perplex by the member here.

Well said cranelia! Scientific look is WFA (optimize then Walk Forward Analysis), opinions and 'its been good for me for X period' is wishful dreaming. (Bad mouthing something POTENTIALLY good is also not good)
How hard is it for someone here to import Dukascopy, forextester or fhdb 1min backdata and do a manual sort of WFA? Not very hard. By manual I mean pick various points out of the past, do a 1 or 2 year optimization and run the test forward from those various points. .......One pair at a time, saving the results with notes for eventual publication. 1hrTF w/ 1min resolution should do fine. Would be VERY interesting. Any tester types here?

don't believe 99.9% of the EA e-ads out there my friends!
raviluke
Jan 03 2015 at 14:32
167 posts
Batcheler posted:
raviluke posted:
I don't care what anyone says. I am using this EA for over 3 months and I have nothing but praise for this EA. This EA is doing extremely well for me and I have nothing to complain about! :)

PS: Looking forward to 2015 for this EA :)


 hi raviluke.
You have your REV set to high MM% ? Yes? Was wondering how you got such fantastic gain in so short a time along with a deep drawdown, seems dangerous. No doubt kinda high MM%.


I started with 10% MM until my balance hit $5000 which was two weeks ago. I then changed the MM to fixed lots 0.50. All trades are now fixed at 0.50. My trades are very similar to Doug's trades, and I'm using IC Markets True ECN account. However, in the last few trades, I only had 1 NZD/USD trade versus the seller who had 3 NZD/USD trades. Occasional discrepancies do exist but overall I'm happy with the performance so far.

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