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Tortoise 2.1 (By MQLHome Group )

Gain : +74.14%
Drawdown 30.35%
Pips: -709.9
Trades 689
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Automated

Tortoise 2.1 Discussion

MQLHome Group (MQLHome)
May 14 2010 at 17:49
59 posts
Dear Traders

Please contact me for more information about this automated system.

Best Regards
pc8multifx (pc8multifx)
May 14 2010 at 20:23
879 posts
Looks like a 30 pip step marty/grid..

249 bucks !! and only 4 days performance on demo available...

a bit to early to beat the drums...😉
SolarFX (forexma)
May 15 2010 at 07:50
1332 posts
What happened to the previous account? Lots got too big to handle?
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 16 2010 at 23:05
59 posts
Dear Fomacc

Hi and Welcome
It's the result of the commercial version of the Tortoise 2.1 Expert advisor on account number 1734616 on Alpari UK Broker and will not change.
Thanks for your attention and wish you best trades.

Best Regards
MQLHome Group
1802 SW 10th Ave. #419 , 97201
Portland, OR, US
(+1) (503) 575-9366 begin_of_the_skype_highlighting              (+1) (503) 575-9366      end_of_the_skype_highlighting
SolarFX (forexma)
May 17 2010 at 06:55
1332 posts
You did not answer my question, what happened to the previous demo account? It was 1000$ and I suppose it was blown by your super-muper EA. I keep wondering how anybody is trying to sell a system he/them personally don't trust. If it's so great why don't you show some live account results?
I tell you what, you're now trading 1000$ account with 1:100 leverage and your EA is doubling the lots after each loss. So it's not so hard to calculate thе risks: See the image below!!!

So there will be Margin Call if 7-th consecutive loss occurs - not very impressive, RIGHT?
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 17 2010 at 07:24
59 posts
Dear Formacc

There is no holy Grail. Every system has its own benefit and its own defects. We have tried to make the wining higher enough to let the clients trust our EA. We trust this EA and you must be sure about it.

And some thing about your calculations :
 
Expert starts to trade with base 0.01. It sell if its indicators give it sell signal and buy if they give it buy signal . On default setting TP equals to SL and they equal to 30. Let’s suppose that the speared equals to 2 pips. If we had opened the position by random the winning chance equals to (TP-Speared)/(SL+TP) that in this case would be 0.47 or 47% and losing chance would be 53%.
 
TP Chance = 47%
SL Chance = 53%
SL Chance = TP Chance + 6%
 
Now all we should do is to try to raise wining chance by using some suitable indicator.
In Tortoise 2.1 Expert Advisor The TP chance almost equals to SL chance.
Blow is a table that show our wining chance when EA had loosed the last position.
 
N = Number of the trade in the current cycle, L = The Opening Order Lot, The Wining Chance after the end of the Cycle

N L C
1 0.01 50%
2 0.02 75%
3 0.04 87.5%
4 0.08 94.75%
5 0.16 97.88%
6 0.32 98.44%
7 0.64 99.22%
 
As you can see the chance of winning after 7 trades equals to 99.22% and That’s our success key
But I accept that in the Forex Market every thing is possible that may make other thing impossible.

It have some strategy for controlling the loosing cycles.

This live account is our basic account. We had opened an account before with different settings. But this account is exactly what our commercial EA does.

Best Regards
MQLHome Group
1802 SW 10th Ave. #419 , 97201
Portland, OR, US
(+1) (503) 575-9366
SolarFX (forexma)
May 17 2010 at 08:26
1332 posts
You did not answer my question again: what happened to the previous account???
The current account you're calling 'live' is in fact demo account. Live account means REAL money account.

If you really trust your EA then put it on LIVE account - REAL money. Then I'll believe you that you trust it.

About these calculations: it's pure nonsense.
N L C
1 0.01 50%
2 0.02 75%
3 0.04 87.5%
4 0.08 94.75%
5 0.16 97.88%
6 0.32 98.44%
7 0.64 99.22%

It's not pure math as you represent it here, there's allways a BIG chance for a ranging market where 6-7 losing trades can occur in a matter of days.

I don't wanna say your EA is crap, in fact I like the idea but this EA needs bigger account, MUCH BIGGER. Puting it on account smaller than 50 000 is madness because even starting with 0,01 lots the 13-th trade will be 40,96 lots.

  
  
 
   
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
SolarFX (forexma)
May 17 2010 at 09:27
1332 posts
OMG - it's a contratrend EA, the markets are falling and last 21 trades were buy only. Now I know what happened to the previous account - it got wiped by those furious down moves in EUR/USD - that's risky EA. If it was trend following martingale I would not call it safe but in this case we have a BIG WARNING SIGN. 😲
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 17 2010 at 10:24
59 posts
Dear Fomacc

Thanks for your good suggestions. I can't describe completely what the EA does but I can write these points:

1- It's a trend follower martingale
2- The type of each trade is function of different parameter that the main trend is one of them. The number of success trades in special last time period of each type trade is a big point.

We tried our best to make an smart EA. We really appreciate all of the suggestions because they help us to develop next versions better.

It's really hard to talk about a system in this forum.😉 It's full of experienced traders and of course I'm sure it's the best tool for improvement of the system.

We appreciate any other suggestion from you and other members.

Best Regards
MQLHome Group
1802 SW 10th Ave. #419 , 97201
Portland, OR, US
Tel : (+1) (503) 575-9366 begin_of_the_skype_highlighting              (+1) (503) 575-9366      end_of_the_skype_highlighting
SolarFX (forexma)
May 17 2010 at 11:42
1332 posts
In total Tortoise EA has made 57 long trades and 19 short trades. There are 26 0.01 lots long trades(trigger trades) and 16 0.01 lots short trades(trigger trades). So the long trades prevale. Your monitoring started on May 10-th and from that point there hasn't been a single bullish candle on daily chart. I cannot undestand how come it's a trend following EA and it trades mostly against the trend. Also the start date of your new account is just after the 800 pips down move(which probably wiped out the previous demo account).
And for a 4-th time in a row I would like to ask you what happened to the previous demo account(not that it's not clear).

I hope that there aren't a lot of people you can fool with your sweet words. Every knowledgeable person here can read the results, they speak for themselves. Your system is very risky and the fact that you don't acknowledge that shows what your real intensions are - JUST TO SELL.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 17 2010 at 12:09
59 posts
Dear Fomacc

You want me to write here whole strategy and this is not possible . Then don't ask why and why, Just see the result. Of course That there is risk in the EA. There is risk in whole of the forex market. I tried my best to write most I can here.

Just at least let us to have 1 or 2 months forward test. It's too soon to talk about in this kind.

Regards
MQLHome Group
SolarFX (forexma)
May 17 2010 at 12:24
1332 posts
I don't wanna reaveal your strategy - obviously it's a risky contratrend grid martingale system or if I have to use only 2 words - ACCOUNT KILLER. I hope your account could last for 1-2 months which you ask for. If it blows up you just make another one as you did it before.

I just wanted a simple answer: what happened to the previous account?
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 17 2010 at 13:30
59 posts
What account Are you talking about. We have tested different setting of the EA here and this one is the best. We started our ads and ... when we founded the best setting. I just want you to let us see the results.
We are a honest group. We have one month money back guarantee for this EA. Our office address is clear and every one can come and talk to us.

Be sure about one thing, the first account we have published had different setting in order type recognizing method and This EA is different EA that we are really hope it works successful. We are developing this EA to write the new versions. All of the our clients have 1 year free update of this EA.

So please as a experienced trader if you have any suggestion that will make the EA better kindly write it here. We are not just thinking to have profit by selling the EA. We want our clients have profit too. So we try to update the EA every month to make it safer and better EA.

I hope you and other traders help us.

Regards
MQLHome Group
SolarFX (forexma)
May 17 2010 at 13:57
1332 posts
Sorry if I offended you,
My experience shows that there's no safe martingale. If you double the lot size after every loss it's uncontrollable and it will blow any account. Anyway, if you can modify it to follow the long term trend and not trade against it as it does now the chances to blow the account will be much smaller. I've seen tens of martingale system, all of them pretending to be different and special and at the end they've all failed.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
MQLHome Group (MQLHome)
May 17 2010 at 14:47
59 posts
Dear Fomacc

W really appreciate your suggestion and try to use them on next version of Tortoise EA.

We wish you best trades.

Best Regards
MQLHome Group
MQLHome Group (MQLHome)
May 18 2010 at 15:41
59 posts
I appreciate any suggestion from traders
MQLHome Group (MQLHome)
May 21 2010 at 22:57
59 posts
Hi

I think this week results shows more details of the EA. As you can see the EA will not double the lot size after specific loos that in current version equals to 8%. Although this parameter is can be set by the user but our back tests shows that 8% is a good choice.

When this situation happens the EA start the cycle from the first.

W really appreciate your suggestion and try to use them on next version of Tortoise EA.

Best Regards
MQLHome Group
MQLHome Group (MQLHome)
Jun 07 2010 at 00:00
59 posts
Dear Traders

We have just published the new version of the Tortoise Expert Advisor. The main strategy is the same as the last version but the new version has more control on sequential loosing trades.

Best Regards
MQLHome Group
MQLHome Group (MQLHome)
Jun 24 2010 at 21:46
59 posts
Hi

Today trading result was no good. The EA lost to important trades because of the 2 important news (Core Durable Goods Orders m/m & Unemployment Claims) which caused a big movement on opposite of the trend.

This showed us that we must always cares about the market news. We are trying to add news reader to the Tortoise EA soon.

It will be available for current and future customer and those who buy the EA now.

Best Regards
MQLHome Group
dreamkatcha
Jun 25 2010 at 23:47
3 posts
You don't get it do you?

We the trader buy your product and put it on our 1k account. WOW we blow our account 1k lost.

You say sorry we will upgrade the EA so this won't happen again. Another poor sucker come along buys your product and losses his, 1k account

you say sorry we will upgrade the EA so that won't happen again!!!! and so on and so on and on the story goes.

We the traders keep on funding the improvements to your project and when you perfect it low and behold its not for sale!!


The question is WHAT HAPPENED TO THE LAST ACCOUNT???

Regards
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