Forex Robot World Cup

So you are saying the “Professionals” can only achieve .385% a week. How F***ing hard is that?

Yeah, I noticed that too. I’m thinking it’s the configuration, the spread or a combination of both. I reckon the bots you mentioned (in bold above) are trading a low risk strategy and the bots with the big lot sizes are trading an aggressive, high rish strategy. No way of knowing which is the default configuration. Either that or the spread is too wide and the bots highlighted above are not opening the trades with these brokers.

hey guys,

i purchased the FRWC bots 3 days ago, my credit card was charged but i still did not receive my licensing information. I emailed support for past 2 days without reply… you guys experience any of such?

I heard they are doing manual authorizations for each purchase.

Fusion support suggested using the default settings which are conservative (max lot size per trade 0.01, auto-money management turned off, all EAs active).

I’m also planning on purchasing the FRWC bots … how are they so far ? What are your guys takes on this ?

Best Regards,
Matt Jones .

There was another guy on FF who purchased Fusion and ran it this week on a $1000 FXCM demo. He is showing a profit of $19 and unrealized losses of $62.:eek:

Its really puzzling how the 2 beta testers had their best week and the 3 buyers have had such lousy results. I would hold off any purchase and see how this plays out.

There is another competition coming up in the next few months and several of the competitors in the last one are going to be submitting better robots this time.

I purchased last week and it took about 4 days to receive it :slight_smile: Im currently still testing it

Nice one speedy5044. At last we can get the low-down from the from an actual buyer.

You can probably tell that we’re itching to know the juicy details about this package of bots, so don’t be a stranger.

Good luck and I hope your courage is rewarded.

KK

I have been following the results of several buyers on FF also. One thing I would like to know is if backtesting produces similar results to those they advertised for Jan?

Hello all:

I bought FRWC and currently demo trading fusion it on demo with FXCM and Forex trading | CFD trading | Trade FX Online | Currency Trading |FOREX.com UK and I have had similar results in both accounts. That straasha robot within the fusion places some sell limit orders that are insanely large I think, as if it were trying to purposely blow off the account, or maybe I don’t understand it’s strategy…? If I go live with it, I will most likely disable straasha. Any thoughts?

I thought Fusion was the top 5 robots. Where did Straasha come from? It didn’t even finish in the money - both prize money and live profits. I looked at the results and it seems to be some kind of Martingale strategy. Definitely very agressive and poor risk management.

I think it is a Martingale strategy, it places sell limits order for the EURGBP. Each limit order is bigger than the previous… i.e. sell limit lot 0.50 . . then the next one is like 2.50 …and so on, each a lt bigger than the previous. Fusion is a combination of LMD MultiCurrency + HiRider + SuperVolcano + Neg-Correlation + Straasha. In the fusion manual they say straasha didn’t do well in the competition because it had some bugs which they say they took care of. I just think that way too risky for me and don’t like that type of strategy and wanted to know if someone had looked into it. HiRider left a series of open trades friday, huge floating loss since the stop loss is huge as well, like 10 sell open trades are open. It’s good it was such a high winning rate, but all it takes is 1 loss since it will probably be 1*10 at stop loss, big loss.

[B]After the first month of the live trading phase, we decided to take the top 5 ranked FRWC robots (at that time) and produce a “multi-strategy” Forex robot.

The idea: combine some of the best FX robots in the world into one single robot with unique money management rules and risk proportion settings.

It took us about 11 days and 187 hours (working at 18 hours/day) to design Fusion V 1.1a…and then, on January 11th, 2010 we placed it on a real-money, live account[/B]

This is a quote from FWRC sales pitch for Fusion. The top five at the end of Dec 09 didn’t include Straasha or Neg-Correlation. The FRWC either made a mistake or are misleading. My original posting shows the top 5 on Dec 31, not including open trades.

I think they chose the top 5 based on complementary strategies, ie only one scalping.

Hi fxtrade, this is facinating. Please tell me, is it possible to manually select which of the bots are trading within the Fusion at any one time. In other words, could I disable certain bots in a ranging or trending market for example.

Also, the FRWC gumpf suggests that you can download the top 5 bots [B]and [/B]the Fusion. I take this to mean that you could for example have the HiRider on one chart, the LMD on another and so on. Is this true?

Regards, KK

You are correct kkeegan, you can disable any of the component bots via settings in Fusion-V. You can also download each individual EA and load it wherever you want.

These robots are nothing more than a marketing hype. Think with your heads, don’t dream so much. Time will tell but I’m sure NOBODY’s gonna make money using FRWC bots in the long term.

Hey folks,

I picked up the FRWC offer on launch day. Had my demo account up and running within the first hour. Used the default settings.

And the results?..

Uninspiring.

It got in about 3 full days of trading for a Net Profit of $19.

I’ll be running on demo account for 3 more weeks. Then I’ll decide if I want to try live trading.

I’ll be publishing my results using MT4Stats:
zenglen.mt4stats.com MT4 Stats - Share your MetaTrader 4 Statements with the world

For the coming week, I’ve changed the settings of the robots to match what the FRWC used in their backtests. I tried to get the settings that they used in the (352% profit) live account, but their support people said that those were just the default settings. Their support folks are misinformed. The default settings have the lot size at .01 with Money Management turned off. The live settings had lot sizes at .1 and in some cases seemed to vary as if money management was setting lot size.

zenglen, it was all about your 1000$. D you believe they care if you win or lose. These guys are so good in the marketing part they don’t care if there are 2 or 2000 unhappy users. They know HOW TO SELL, nothing more. I have to admit that when I saw that movie about altering the DNA of the robot… I felt “inspired” although I knew there was nothing special behind this DNA bull****. Everybody who has been dealing with robots knows that good robots are not for sale. The other thing is that those ~350% in 19 day were achieved with unacceptable risk settings on +500:1 leveraged account which in the long term is pure SUICIDE. I haven’t tested any of the bots so I cannot say it’s pure crap but what I could say is that these bots aren’t different from the bots sold for 97$… in other words - nothing special.

I’ve ben doing some backtesting myself and my results are different from what FRWC shows. I think this ea looks dangerous since is capable of blowing off an account in no time. I think if trading this live, it’s beeter to trade it with a $10K account, or at least $5K. I’ve been demo trading for 1 week on Forex trading | CFD trading | Trade FX Online | Currency Trading |FOREX.com UK and fxcm and both account now have a - $4K floating balance on both accounts mostly due to hirider sicne it opened like 10 identical sell position friday right before the eurusd went up, so now there’s this huge negative floating balance because of the big stop loss on hirider( I had fusion set to .3 fixed lots). If I go live with this it will be with mostly default settings, BUT, I’ll have money management=false, fixed lots of .1, and then for change 1 setting for straasha => I will set S3_next_lot= .1(instead of the 4) to stop it from placing huge sell limit orders.

Shame about the news on the HiRider.

Just been looking at the FRWC live trading curve again and it seemed to be one of the most promising bots. One thing I did just notice is that the HiRider was trading live on a microlots account and all trades were placed at between 0.01 and 0.05 lot size. So even if it is opening 10 trades at a time the exposure is quite low even on a smaller account.

Also, I never allow my existing bots to trade on Friday because it’s just too dangerous to have trades floating over the weekend.

Thanks for the update, fxtrade. Very interesting.

KK