Smart FX Technology

Trading Systems Expert Advisors and Automated Trading
31

Johnny,

You have been making tall claims of this EA making 1300 pips for you but I have not seen any proof yet. I understand you are busy but if you can find time to post these seemingly sales pitches for EAs, you have time to post your myfxbook results and set files for the benefit of other forum members.

I have my setup just like you, i.e. UK based VPS and Hotforex broker with a currenex account but I made a 765 pip loss on a demo account in two weeks of using this EA (and this is when I turned USDJPY and EURCAD trades off because they were consistently making losses).

I know you are under no obligation to answer any of my questions and provide proof of your trading success but in the spirit of keeping this forum fair and valuable to people looking for NO SALES PITCH advice, I would really appreciate if you can provide information on your settings and myfxbook results.

Thanks

32

OMG I just spent a friggin hour putting a post together and it got lost ugggg

33

okay here we go again. Goalmillion this is just for you.

I do have a myfxbook for my test account. Ths account was blown up by fxpromax and therefore it shows nearly 100% loss.

However you can filter the results to just reflect the smartfx ea’s here’s how…
1.click the myfxbook widget
2.click the button called custom analysis (top right)
3.A window will pop up, select magic
4.click all the pairs that say either breakout hunter or smart scalper
5.click the button that says analyze (top right)
6.Look at the real results posted there. here is a the info (copy/pasted) directly from that page (I will post the widget too)

Gain: +114.51%
Abs. Gain: +6.0%
Daily: 0.90%
Monthly: 30.59%
Drawdown: -58.85%
Balance: $1162.11
Equity: (98.01%) $1139.04
Highest: (Sep 23) $1188.26
Profit: $91.74
Interest:-$10.48
Deposits: $1528.30
Withdrawals:-$457.93
Updated:Yesterday at 11:09
Tracking:5

More

Chart
Growth
Balance
Profit

Advanced Statistics
Trades
Summary
Hourly
Daily
Risk Of Ruin
Duration

Trades: 286
Profitability:
[B]Pips: 1354.6[/B]
Average Win: 22.60 pips / $2.22
Average Loss: -49.36 pips / -$5.43
Lots: 2.86
Commissions: -$28.60

Longs Won: (85/125) 68%
Shorts Won: (130/161) 80%
Best Trade($): (Sep 22) 39.39
Worst Trade($): (Sep 14) -12.06
Best Trade (Pips): (Sep 22) 410.5
Worst Trade (Pips): (Sep 14) -119.7
Avg. Trade Length: 10h 18m

Profit Factor: 1.24
Standard Deviation: $5.73
Sharpe Ratio: 0.01
Z-Score (Probability): -10.37 (99.99%)
Expectancy: 4.7 Pips / $0.32
AHPR: 0.03%
GHPR: 0.02%

So there you have it. I want to say this. I am sure you can claim I fudged results or I did something but the fact is I didn’t. In fact I am humiliated to even post this test account. Honestly I am putting this out there so you will know I am not full of crap.

As far as sounding like a cheerleader for smartfx, guilty. These ea’s are doing great but it’s more than that. Support has been great, the refund policy is more than fair ad at the end of the day these ea’s do perform.

I go with default settings and the only thing I ever change is risk which I constantly change based on performance. It is a dynamic component to this and my manual trading that I can’t really put into words. It’s more intuition than anything else but in a nutshell when a pair or ea sucks I reduce risk and when it is doing well I tend to increase risk.

Well there you have it. I made this post twice. I put myself out there for you. I will not post my real accounts publicly sorry. I have ex’s and other various gold diggers that would love to know how much I really have hahaha!!! my little offshore secret.

Anyway have a good weekend. look over my results and see for yourself. I don’t know why so many people have a hard time with ea’s when one is in profit and another isn’t. Especially if you are using hotforex currenex like me. Latancy may be an issue but not nearly as much as other ea’s (I’m guessing)

okay thats it for now

34

John

Great of you to share your experience with this ea.

Because you have been on BP for a long time and I have seen you post in a few threads, I find that you are quite credible and do not have to prove anything…

One question that I have. do you feel that the money management is ok with the ea. in that the returns from one pair to the other seem to vary, I am wondering if the money management needs to be adjusted for each pair.

Have you considered that… perhaps the developer would comment to you.

daveM

35

Johnny,

Thank you very much for sharing your results. Please forgive me if I sounded rude in my previous message, that was not my intention though. Yes, I was a little skeptical as on my demo account I was not seeing similar results. I did look at your myfxbook history of trades and I noticed couple of things compared to my account:

  1. In the last two weeks, there have been a lot more trades on my account compared to those shown in your myfxbook trade history.
  2. Your lot size for every order is ‘0.01’, whereas mine differs every time and that may be because of ‘UsePercentLots’ setting turned ON as suggested in the manual.

I have reset my settings to all default settings again and only made the changes suggested in the manual and I will monitor the performance and number of trades opened between my account and yours.

I appreciate your honesty and willingness to share and you are doing a great job on these forums. Keep up the good work and thank you very much one more time.

36

the .01 lot thingy is because the account is so low and that is the minimal lot size allowed. As for less trades I don’t know???

Dave I do adjust the mm for each pair. Fore example eur/cad hasn’t done well so I reduce risk there while eur/aud is doing great so I increase risk. You probably can’t tell on the test account because it only has like $200 in it but interestingly enough that account had almost $1400 got blown up had a $100 thrown in there and now is over double that. But there is also a lesson here too. If you do stupid things to your account and lose a big chunk of it, than it will take you so much more to overcome that loss just to break even.

For example if you lose 50% of your account you would need to double your account just to get back to break even.
alright off to breakfast now. talk to you guys later.

37

Hi guys,
I just wanted to let you know I talked with the developer and he is going to find time to stop by in a day or two. This is a great opportunity to meet him and ask questions. I’m sure you guys will make him feel welcome. I myself am looking forward to asking him some questions. I find him to be very knowledgeable and friendly.

This should be fun :smiley:

38

I would love to get some questions answered by the developer. I am also trying to setup a remote session with support guys to have them take a look at my settings. Here are my results from myfxbook and as you can see, vastly different from Johnny. I must be doing something wrong, I just can’t figure out what…

39

Hi Traders,
My name is Robert. I am the developer at Smart Fx Technology, who makes the EAs of this thread.
I am very thankful for the invitation from Johnnykanoo to join your Forum.

I find open discussion very invigorating, not only from the traders side, you might pick up a tip or two, by also from my end. Many, many ideas that were implemented over the years came from postings by traders who had good insight into how to improve things, one way or another.

I make it my business to be available for questions or remote sessions, to check things out and make sure that traders have their EAs set up properly.

We love what we do and love even more when we all make money with it. We do trade the exact same EAs, with the exact same settings in our personal accounts.
We hate it when people lose money because something went misunderstood, something that we could have cleared up for everyone’s benefit.

Because I don’t want to sound like a commercial, I’ll stop now, and wait for any questions to be posted. I will be checking the forum periodically to keep up any inquiries.

Thanks again for inviting me to join.

40

Robert,

Welcome to the forum and thanks for taking the time to answer questions.

I started with default settings and only changed GMT and UseLotsPercent as suggested in the manual. Initially it was not making any trades, so I reinstalled the bot and this time alongwith the settings change suggested in the manual, I also changed Acc5Digits to True as my broker (HotForex) is a 5 digit broker and increased the lot percentage to 5 for all pairs. I ran it with these settings for about 2 weeks and ended up with a loss of about $700 (shown in my previous message through myfxbook). What did I do wrong?

Starting today, I have reloaded the default settings that come with the bot and have only changed GMT (+3) and UseLotsPercent (True). I have attached my current .set files with this message. Can you check them and tell me if they look good or should I change anything?

settings.zip (9.07 KB)

Thanks for your help in advance.

41

Hello Goalmillion,
Please chat me at the website so we can arrange a remote assistance session and check your settings.
Robert

42

Excellent of the developer to take part in the discussion in an open forum…!!

Fantastic…

43

Robert,

Will need to get you to check my settings.

I have used the default templates provided, only adjusting the GMT and the risk

The drawdown seems fairly severe at the moment compared to the gains, so currently acct is negative.

44

Robert welcome to babypips! I am glad you took the time to stop by. I think people will really benefit from your insight into your robots. Whenever I talk to you I can’t help but gleam a little something useful :smiley:

@gazlim I think you should definitely talk to Robert and maybe do a remote session. Did you put the proper set files for each pair? Maybe Robert can help you. Many of us are trading live with this ea and having great results.

I’m not one to put bold claims out there but I think 20% on very conservative settings is more than possible and perhaps even more.

Like I said in the past one of the great features I love about these ea’s is that they incorporate different strategys accross different pairs. It helps smooth out drawdown periods and contributes to an overall smooth equity curve as well.

Our number one goal as traders is to be consistantly profitable. I find that diversification and risk management go hand in hand and make for a successful portfolio.

You guys that know me know I like to have different ea’s doing differernt things and trading different pairs. I know I’m not the only one out there who is at least a tiny bit over leveraged with eur/usd. Most every ea seems to trade this pair. The scalpers make a nice addition to my portfolio simply because they trade different pairs that are not common amongst all ea’s but even still Robert has incorporated the trendiness of eur/usd into his overall plan. The thing is when eur/usd hits periods of ranging and choppiness than it’s trendiness can’t necessarily be counted on. In these times we rely on the scalpers to “bail us out”

A basic tenet to my trading is stay diversified and manage risk. These huge concepts can’t be ignored.

45

Hello Robert,

I would love to have you take a look at my settings. I was able to get hold of a support person through your website last night during the London session and he did a remote session with me and looked at the settings. He adjusted the Acc5Digits to ‘True’ as my broker is a 5 digit broker and said the rest of the settings looked good. I have been running it with these settings since then. I am thinking of observing its performance for a week with these settings and then do a remote session with you. Do you agree with this approach?

Also, In your experience, Could the performance on a demo account be very different from a real account with this robot?

Please also let me know how I can establish a remote session with you.

Thanks much

46

Thanks Johnnykannoo.
Gazlim, please chat me thru our website or send me a regular email so I can send you the link to start the support session.

47

Hello Goalmillion,
I was there when John did the support session with you. I saw what he did, but did not want to take over because you had asked for a tech, and he was doing a perfectly good job.
But I saw everything…
Go ahead and try things out like it was set up yesterday.
Just stay with the low risk settings, and you should be fine.
With the 5-digit broker correction, now they will be trading fine.
Just go easy on the risk level, so when we get losses they do not destroy your account, which takes a long time to recover from.

48

Thanks Robert. Will do that.

49

See that, now can anyone tell me of even 1 developer willing to do a remote session with you and go over all your settings like that I can’t think of any. I think its great these guys do this for us. It is obvious that they care and they are not like so many who take the money and run.

You know a lot of people talk about “red flags” what can we call this a green flag hahaha!!! Definitely a good sign, quality support like this is huge!

I hope others will take advantage of this level of support. That is why this ea is great for beginnners too. Honestly it can be confusing when you add this ea to your charts and start scrolling through all the settings. It can make your head spin, but know worries either Robert or John will walk you through it and get up and running quick.

50

THe customer service is amazing.

If you really invest in one trading robot I would say this is the one.