Smart FX Technology

[tekknik]

Okay, First off sorry I have not been posting as much. I am still trading these ea's live. I am going to take some time and put some numbers together so we can see how smartfx has done in the past 30 days, since 2012, and year to date. so here goes....

Month to date (past 30 days 4.25-5.25)

eur/chf -no trades-
eur/gbp -1.44% -40.1 pips 80% win rate pf .56
eur/aud -3.27% -259.1 pips 26% win rate pf .18
eur/cad -1.06% -56.7 pips 37.5% win rate pf .20
usd/jpy +.09% 13.8 pips 33% win rate pf 1.22
eur/usd -0.8% -145.5 pips 59% win rate pf .75

overall -6.45% -487.6 pips 49% win rate pf .47

Results for 2012 - present

eur/chf -.95% 40.7 pips 65% win rate pf .75
eur/gbp -7.15% -225.6 pips 65% win rate pf .53
eur/aud -1.12% 12.8 pips 67% win rate pf .97
eur/cad -1.66% 30.3 pips 60% win rate pf .87
usd/jpy -1.75% 47.6 pips 50% win rate pf .87
eur/usd -2.48% 360.8 pips 70% win rate .93 pf

overall -15.16% 266.6 pips 63% win rate pf .87


Year to date (from 5.25.2011 to 5.25.2012 **data actually starts around 9.1.2011)
eur/chf .17% 640.5 pips 85% win rate pf 1.01
eur/gbp -2.72% 312 pips 76% win rate pf .88
eur/aud 15.74% 2178.6 pips 80% win rate pf 1.32
eur/cad 6.47% 1877.3 pips 78% win rate pf 1.34
usd/jpy -1.93% 357.2 pips 54% win rate pf .91
eur/usd +.83% 1917.8 pips 67% win rate pf 1.01

overall 18.55% 7283.4 pips 75% win rate pf 1.10

Well there you have it. Definitely not the greatest numbers, but an overall winner so far. You may notice in many instances there is positive pips and negitive equity. This is do to the fact that at some point I reduced risk and even though smartfx got back into positive territory it wasn't earning as much as it lost. the lesson here if I had left the risk alone overall I would have slightly more positive numbers.

Anyway take it or leave it. Honestly these ea's have been disappointing lately but I am not ready to throw in the towel yet.

Is this both breakout hunter and scalper combined or just scalper?

[Robert4SmartFxTechnology]

Hi Felipe,
The Data used was harvested by our own Real Account MB Trading platform. We have been saving the data for many years.
We trust it because we have the actual results of the Real account as well, and you can run a backtest on the past few months and compare to what happened in real life. It is very comparable and much better than anything we ever tested, including tick data from Dukas. This is the best data I know.

[tekknik]

Hi Felipe,
The Data used was harvested by our own Real Account MB Trading platform. We have been saving the data for many years.
We trust it because we have the actual results of the Real account as well, and you can run a backtest on the past few months and compare to what happened in real life. It is very comparable and much better than anything we ever tested, including tick data from Dukas. This is the best data I know.

Have you checked if vs GAIN's tick data? How much do your backtest results deviate with your MB tick data vs the duka tick data?

[alexsd]

This thread seems to be in the '2nd cycle' of people with hope that things will work out...

[Robert4SmartFxTechnology]

Hi Teckknik,
Our MB Data gives results that are similar to the Real Account results.
The test ran on Dukas was less accurate, when compared to the MB real trading results.
Anyway you cannot use Dukas because they do not have the MT4, and I have heard problem stories about the bridge, although I have never tried it myself.

[hellogoodbye4201]

Hi Teckknik,
Our MB Data gives results that are similar to the Real Account results.
The test ran on Dukas was less accurate, when compared to the MB real trading results.
Anyway you cannot use Dukas because they do not have the MT4, and I have heard problem stories about the bridge, although I have never tried it myself.

Getting Dukas data from the Jforex platform isn't hard and there are simple scripts for MT4 to allow you to convert and load the tick data. I haven't tried getting data from Dukas for a while though because the last time I logged into Jforex I couldn't find the option to download tick data anymore, maybe I missed something idk. Anyways, there are quite a few places you can download tick data from and some specifically for MT4 and many other platforms (which would be much better and faster for backtesting and optimization) such as Multicharts which is a really nice platform if you have some extra dough laying around.

What's really cool about multicharts is that you can get feeds from a variety of sources as well as running an MT4 EA to export tick data in .csv format and loaded real time into multicharts. The language (powerlanguage I believe) is really easy to learn as well and the backtesting and optimization far surpasses MT4's abilities and the reports have far more detail AND! backtesting takes way less time. Honestly, if you plan on using any sort of algo to trade I highly recommend Multicharts (they have a 30 day free trial too).

Some options MC has over MT4:
-Walk forward analysis

-Portfolio backtesting (you'd be able to test your breakout and scalper at the same time)

-"Our backtesting software considers the following essential factors: liquidity, tick-by-tick price changes, ask-bid-trade price differences, commission, slippage, initial capital, interest rate and trade size."

-"At your fingertips, you have more than 200 performance measurements available. Some of the most useful ones are located in strategy performance summary, performance ratios, time analysis, list of trades, total trade analysis, outliers, run-up and drawdown, trade series analysis, and periodic analysis."

-Maximum favorable excursion which is absolutely amazing in finding the appropriate trailing stops/take profit levels. There is also maximum unfavorable excursion which is equally as valuable in finding the best stoploss levels.

The only reason I'm providing so much info is because I'd really like you to try this platform out and test your EAs. I think the results would be very interesting to see and I believe you'd be able to make this EA much better due the backtesting and optimization reports. Also, you can do all this on the free trial because it's not restricted in anyway so you wouldn't have to shell out a penny to do any of this.

Not trying to advertise, just going off personal experience and I am not affiliated in anyway with Multicharts.

Edit:

Please, anyone considering buying these EAs read this part at least. The backtests found here Master Scalper | Smart FX Technology must not be considered. If you look at the backtests you can see that the modeling quality is 25% and must not even be considered in the slightest. I hardly put any faith in a 99% quality backtest on MT4 because it's simply not a good platform to backtest on. The backtests also do not show ticks modeled or model quality up top where he writes (and I'm paraphrasing) "make millions of dollars with this EA and it requires 0 effort!" What he actually put there that is covering up these important factors (modeling quality and ticks modeled) is: Time traded, $ profit, % profit (funny how he covers up the important part and forgets to erase the part where it shows 25% modeling quality in the lower portion where the graph is located).

Edit: Also, the mismatched chart errors is missing from the report which is another piece of invaluable information.

Robert, provide a 99% quality backtest and dont erase or hide or highlight anything, show us the real reports. Also, I'm sure you've sold enough copies by now to afford MC (or even use the unrestricted free trial) and show us that report. It's funny how the backtest show that everyone should be a millionaire by now but I haven't seen one person posting positive results yet.

If anyone disputes the fact that he is hiding invaluable information (ticks modeled and modeling quality) I will post a real backtest on MT4 and show you exactly what is missing in the reports on the smartfx website.

One last edit:

Maybe I am missing something, though with my experience in automated trading I highly doubt it, but I am extremely skeptical of these EAs and until proven otherwise I highly recommend everyone avoid these EAs.

[ClarkFX]

I agree with all of the above that hellogoodbye has said. Seriously, take a look at the system before buying.

First let's start off with an accurate backtesting, and no curve fitting. None of this, "If you had $xxxx in 2005, you'd have a billion dollars by now." stats. What's the Sharpe ratio? Or do you prefer Sortino? Drawdown? At the same time, let's see some stats on floating P/L to get this kind of accuracy.

GAIN, JForex, Dukascopy are great free data vendors, if you want to do a quick backtest on a small system. But when you're here trying to promote a commercial system, let's try to up the quality here and use some accurate data. Personally, I'm running a SQL server collecting data, which is then processed and filtered for any erraneous ticks, through my own tick data filtering algorithm. Yes yes, I know, DB data storage isn't the greatest, but for my needs it works fine. Maybe one day I'll make a switch into pure binary.

I'm sorry, but when you're swinging large amounts of your own capital, I would not trust a mere MT4 backtest at 90% modelling quality. Hell, I barely trust 99%. Edit: Wait what? 25.00%? Am I reading this right?

Most people out there who are looking for a pre-packing EA/autopilot trading system probably don't know what 90% even means. Well here's a brief explanation. MT4, simply because of computing power and it's lack of multithreading cannot store actual tick data. Rather it only stores bars (OHLCV) , then it uses random walk to "generate" tick data that fits each bar. Of course, there are ways to get around that and get up to 99% modelling quality, but even that I would be a little skeptical.

Seriously, you've made millions or at least a 6-figure income through selling a negative return EA/system. Next time, my advice would be to try using a decent backtesting engine, with some above average tick data and then let's see the results. Maybe once you can come up with a profitable algorithm, you'd reconsider selling it, eh? I mean, is that not the smart way? To actually make millions off a profitable algo? Annual Sharpe >1.3 is ideal, and >2.0 would be bang on.

Tradestation, Multicharts, Right Edge, and Trading Blox are all some quite reputable, well known, and most importantly, accurate and powerful backtesting/optimisation softwares. But hell dude, you've probably made a million by now selling this EA, Alphacet Discovery, MATLAB are all within your price range now.

And once again I ask you this, people who buy $97.00USD multi-million dollar EAs, why are they selling it if it can make them millions on autopilot while they're sipping on pina coladas in the Dominican? Sorry to burst your bubble, you're not going to find ANYTHING, instead of wasting 2-3+ years looking for EAs to buy, you could have learned to trade for yourself and designed your own "holy grail".

I know this rant isn't going to mean much, but hopefully somebody will read it and as Rusko says "Wake the F*** Up".

Moral of the story: Marketing graduates make bad systems. :P

Clark

Edit: I'm going to assume you won't be replying anytime soon now. No worries. Always easy to pump out another system for another million right? Or a 3rd wave of hopefuls?

[Robert4SmartFxTechnology]

Hellogoodbye4201 and ClarkFX,
Tick data is necessary when you are testing a system that opens and closes positions instantly (like MDP for example), or within very few minutes. In very fast moving systems tick data would preclude errors made by assumption of the way the price moved during the M1 bar that the MT4 looks at when doing the backtest. But if your trades never close within 1 minute, it is useless. Our system has TP and SL values that would rarely be hit during a 1 minute interval. I cannot think of many trades that have ever closed within a minute or two in our systems.
Our system opens trades that stay open from an minimum average of 15 minutes to several hours. What difference would it make if the opening or closing of the position happened at the beginning or end of the 1 minute bar.
Furthermore, in extreme cases of loss-producing price spikes that could happen within the M1 bar, we are stopped from entering a subsequent new order by the EA for 5 minutes, so again, the tick data becomes irrelevant.
Furthermore, it takes forever to backtest our robots on M1 data, just too many variables. With tick data it would be impossible to do. Traders who have tried it always found it overwhelming, it just takes way too long for a single test, imagine the thousands of tests necessary to optimize a strategy like this one, in which many, many parameters need to be tweaked. And their results were not as accurate when compared to the Real trading records!

The reason that the MT4 rates a M1 test with 25%, is because it cannot find smaller timeframes to work with.
That is the way the rating system works, but I believe that it does not convey the degree of accuracy as it would seem to indicate. I can run the same test on M5 and get 90% ratings, and M15 and get 99%. That is because the MT4 is lead to believe that it is interpolating data of better quality into the mix.
When compared to the REAL trading results of a live account with the same broker, the result of your 90% or 99% test would compare poorly to the M1 test that we use to produce the system that we sell and that I trade myself in my own real account.
Our robots are profitable, in spite of the incredibly tough year this has been for scalping strategies, with the Euro crisis, etc.. You can find positive results for the trading of the last 12 months in many public sites, or in some recent posts here.
In the final analysis the only true test of the quality of a backtest is how it would have compared to real trading. We have both, and they compare well. Better than the Dukas tick data test that would have been assigned a 99% by the rating system.

If you want to receive the complete test, all you have to do is send us an email or chat us to our online 24/7 customer support. If you have traded the EAs for some time, just look at the transactions and see whether the tests conform rather well to the trading. Of course you need to do that with the same broker platform, since in Real trading each broker fills positions differently all the time.
If you need records of our own Real account trading for the same period of time, you can also request them.
No one is hiding, all you have to do is ask.
You could even get an explanation of anything that you did not understand, such as the quality of the data, or why do we do things the way we do.

By the way, I started trading with my dad, screaming out our orders to the broker at the floor of the exchange, in 1978. I have been designing trading systems since the time when we had to analyze charts with a calculator, since there were no computers.
I am now 57 years old, I have 35 years of trading experience.
I have been trading these EAs on my Real Live account for more than 4 years, and only started selling them about two years ago.
I believe this actually qualifies me as an experienced trader...

No one in this company has a degree in Marketing, wrong again.

And sorry it took 5 hours to answer your post, it's Saturday after all and I was at a party.

[ClarkFX]

In my opinion, if you're trying to sell a professional, high quality product your backtests and all statements should be of the highest quality. This is a scalping strategy as you say, tell me slippage and commissions does not affect the system.

Sure, I would agree, to an extent, that tick data would make very little difference in terms of calculating your indicators used in the system for signal generation, although I can still see instances where it will, especially if you're placing trades midbar. But trade execution will be affected without a doubt, slippage and commissions of course will always play a factor in all trading systems, especially scalpers. So interpolation of bars would not be suitable for this alone, and if each signal is made based on that, well then we've got a problem. I seriously doubt that a pure tick data backtest and interpolation would give you the same results in any trading system.

And, how does it take forver? I have a 5 year old PC with Core 2 Duo, with MultiCharts, running backtests of over 20 pairs at a time would take maybe 15 minutes top. With today's CPUs, Sandy Bridge, Ivy Bridge, etc. and MultiCharts or an even more powerful backtesting engine would do that for you in 2 minutes flat. The accuracy would outperform MT4's as well as more statistics.

*If you want to do it faster there are databases for tick data storage that makes queries even faster. KDB+Tick by Kx is capable of over 1million lines of tick data per second, and seriously it's not out of your reach.*

Seriously, you'd think with that many years of trading, especially going the automated route, you'd have understood that MT4 is garbage. Even Excel would outshine MT4.

Personally, with my current setup (and it is not industrial in any sense), I could backtest over 50 instruments, while running my custom algorithm trading platform and as well run my database without any speed issues.

Now onto your other arguments:

"If you want to receive the complete test, all you have to do is send us an email or chat us to our online 24/7 customer support." <------ This, should already be on your website for everyone, without contacting support. Why hide it.

It's profitable due to sales, but taking a look at the public forums, how many individuals are actually profitable right now? Seriously. Websites with affliate connections, I'm sure are hauling in MILLIONS using your system.

There are a lot of questions you ignored as well. For example, if I am correct this is mulitple EAs not just the scalper and it is to be traded on multiple instruments. Well, where's the portfolio backtesting, you've ignored all that.

I applaud you for responding, most EA sellers wouldn't. So yes, I am quite surprised to see my phone ring with your reply.

Clark

PS. I'm 18, I'll be 19 on the 24th. I've been trading for almost 6 years now. No, I am not an experienced FLOOR trader. Actually I wouldn't even consider myself experience at all. But I'm profitable.

[Robert4SmartFxTechnology]

Hi ClarkFx,
You have not tested our EAs. They take far longer time to test than the average EA due to the number of variables. Far longer. Why don't you just try them. I doubt that you have more expertise than Birt, and he gave up on one backtest, let alone the number needed for tweaking all the variables. Just try them before you post again, it's repetitious.

No, entering mid bar would be the same. This is a price channel system, it enters at the first opportunity, so yes it will always enter mid-bar. Just test it before you answer this, it's repetitious. If you test it you will see that the entries are correct, and if you do not test them your argument is of no consequence. Just test them if you wish to have a constructive dialogue. Or look at our tests and show me the entry that you find incorrect.

When I need advice as to what to place in our website I will ask you. After all you have all the experience I would like to get.
And when newbies drive us crazy with the unnecessary complications, I will give them your email so you can have a dialogue with them. Like I said, just ask for the information, it takes 10 seconds to email it to you.

Last, but not least, yes, the tick backtest will be different: the ones performed were less accurate than the M1 tests when compared to the REAL trading results from the same broker.

I am glad you are profitable. I hope this continues for you. Really.