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What do you think about this EA?
Jun 11, 2015 at 06:49
Vistas 894
14 Replies
Jun 11, 2015 at 06:49
Hi guys,
What do you think about this EA?
http://www.myfxbook.com/members/applesia1990/trendscalpingea/1235239
287 trades throught last 3 months without single losing trade. Need to say i haven't seen such performance yet.
What do you think about this EA?
http://www.myfxbook.com/members/applesia1990/trendscalpingea/1235239
287 trades throught last 3 months without single losing trade. Need to say i haven't seen such performance yet.
forex_trader_165856
Miembro desde Dec 03, 2013
posts 599
Jun 11, 2015 at 09:05
Looks good. Maybe some sort of grid that closes trades in profits and holds the losses indefinitely. Time will tell.
Miembro desde Apr 15, 2015
posts 4
Jun 12, 2015 at 08:49
RedRhinoLab could be right. Heavy equity drop on Friday (USD spike after US data publication), recovered on Monday. One big rally against taken positions and account is burned. As Joe DiNapoli said "All non-judgmental systems eventually fail (stop making money). Your hope is to be using one while it is working."
Miembro desde Apr 15, 2015
posts 4
Jun 12, 2015 at 08:52
Look at Advanced Statistics --> Summary. This EA trades NZDUSD long (!!!) and GBPJPY short (!!!). How could it be named anything but "TrendScalping" :) Looks like it holds losing trades on EURGBP, NZDUSD and maybe other pairs too. Just imagine if they launched it one month later. There'll be no equity in few days...
Here is similar EA, also constant profits but holds losing trades forever thus equity not growing but stable:
https://www.mql5.com/en/signals/104308#!tab=trading
Here is similar EA, also constant profits but holds losing trades forever thus equity not growing but stable:
https://www.mql5.com/en/signals/104308#!tab=trading
Jun 12, 2015 at 11:50
Guys, don't know how much normal trading system delivers per year (would say around 20%, if it's good year, correct me if i'm wrong), but that trendscalpingea delivers 50% in average per month! I don't how you, but i would rather undergo higher risk, then to stay poor for the rest of the life.
Jun 12, 2015 at 11:54
@ovo_sapiens what's wrong trading NZDUSD long (oversold) and GBPJPY (overbought) now? Both offer good reward/risk opportunities.
Miembro desde Apr 15, 2015
posts 4
Jun 13, 2015 at 15:13
JojoW posted:
@ovo_sapiens what's wrong trading NZDUSD long (oversold) and GBPJPY (overbought) now? Both offer good reward/risk opportunities.
Nothing wrong. But look at this EA as a whole, not just at growth graph:
- Best Trade (Pips): 49.0
- Average Win: 22.09 pips
- Maximum Drawdown: 57.30%
- Drawdown yesterday: 39%
In my opinion this system risks everything (no SLs at all) in order to scalp small retracements in main trend. In case they launched this system not at the end of April but between May 20 and June the 1st, this account will survive 3-10 days with max. profit 10% then equity down to 0. Risk not acceptable for me. Wait for FOMC decision next week, we'll see what this EA will show the day after. Best EA from signaltrader.com - SignalCable reached 500%+ profit then lost everything in one week. And there were about 2000 followers of its signals...
Miembro desde Apr 15, 2015
posts 4
Jun 18, 2015 at 08:48
As I predicted: drawdown 69% and counting (despite so many winning positions). It holds losing positions forever. If trend doesn't change, only few days left...
forex_trader_139412
Miembro desde Jul 16, 2013
posts 352
Jun 18, 2015 at 10:54
Also trading live with "straight line EA's"
I just can't get my growth % on that level. It considerately increases risk.
I just can't get my growth % on that level. It considerately increases risk.
forex_trader_186239
Miembro desde Apr 15, 2014
posts 224
Jun 19, 2015 at 13:19
Some work on max DD is necessary
forex_trader_38771
Miembro desde Jun 10, 2011
posts 52
Jun 20, 2015 at 08:54
just another rubbish grid trading system, doomed to fail
Miembro desde Jun 18, 2015
posts 12
Jul 23, 2015 at 11:27
Our EA works with all MT4 and MT5 brokers. Spread can be up to 4.0 pips and it can still make money every day. Our EA makes realistic profits from 100-500% monthly, no hype and Demo trading, only Real accounts. Check myfxbook to make sure!
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