Magnus (de forex_trader_161295)
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Discussion Magnus
Membre depuis Dec 04, 2010
posts 1447
Dec 31, 2014 at 06:18
Membre depuis Dec 04, 2010
posts 1447
There is someone running it on forexpeacearmy who has just started with good results. I am watching this one closely. http://www.forexpeacearmy.com/forex-forum/forex-software/37435-magnusforexrobot-com.html
Dec 31, 2014 at 12:23
Membre depuis Nov 19, 2014
posts 69
Hi Matt. I like this EA too.
Looking at the closed trades most of the losing trades are the inverse of the TP, or occasionally the SL. Which is good because the risk/reward is 1:1. So as long as it's correct more than it's wrong it can stay in profit (roughly speaking). Basically my problem lies with the circa 25 open orders that acrue swap fees and become too drawdown.
I was thinking if I'd test this EA I'd close all trades at the end of the week, but how different would my results become??
Would be more inclined if their 100% satisfaction guarantee included a refund period like Rev Traders does.
Looking at the closed trades most of the losing trades are the inverse of the TP, or occasionally the SL. Which is good because the risk/reward is 1:1. So as long as it's correct more than it's wrong it can stay in profit (roughly speaking). Basically my problem lies with the circa 25 open orders that acrue swap fees and become too drawdown.
I was thinking if I'd test this EA I'd close all trades at the end of the week, but how different would my results become??
Would be more inclined if their 100% satisfaction guarantee included a refund period like Rev Traders does.
Membre depuis Dec 04, 2010
posts 1447
Dec 31, 2014 at 14:33
Membre depuis Dec 04, 2010
posts 1447
Most of the trades in history open 4,5,6,7 days are negative so maybe the exit strategy can be improved so they are closed earlier, I will do some further analysis in excel and see what I can find, very tempted with this one. As the trades are very small sizes I think the swap fees could be managed. And yes concerning no refund period like rev trader pro has - that's why going to follow it a while longer
Membre depuis Dec 04, 2010
posts 1447
Jan 05, 2015 at 03:55
Membre depuis Dec 04, 2010
posts 1447
Hey Davey, you were right about the drawdown on open trades the equity graph is showing a steep decline. This and Vogon EA are now both off my consideration list
Membre depuis Dec 04, 2010
posts 1447
Jan 07, 2015 at 06:49
Membre depuis Dec 04, 2010
posts 1447
It's crashed and burned, another one bites the dust.

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