has LMD multi been working for you?
You are of course correct. The main problem is that there is absolutely no incentive for a serious developer to enter this ridiculous competition. The optimum strategy is to submit multiple entries, and hope youâll get lucky, and the only way of standing a chance is through very aggresive position sizing. A decent EA will ALWAYS be beaten in these types of competion by an inferior product agressively traded, hitting a lucky streak.
A serious developer with a robot that only returned 20% a year wouldnt give away intellectual property rights in return for prize of a few thousand bucks.
Hi,
Simbafx. I agree that as luck is a large factor an EA designer wouldnât want to give away his code for a great EA in a ârights grabâ so you may as well enter the competition and risk nothing with a less good aggresive EA.
Rspwner. The trouble with MT4 is that one can only test on one currency at a time instead of a basket of currencies. I have included two backtests below on the randomly picked GBPUSD pair starting on a $10,000 account with a fixed lot size of $100K. One test is from Jan 2003 to present and one from Jan 2007 to present. My main concern is that the flat point at the top began around August 2009 and pretty much shows up on all eight currency pairs. Some of them are flat but gently starting to rise and some are flat but gently starting to fall as in this case. Running the LMD on a demo it tends to open three or four trades at midnight each day and close them 24hr later if the stop or limit isnât hit. Quite often this means it is hedging itself as if say the Dollar is strengthening that day then some of the trades will lose and get stopped out while the others go on to be profitable, but overall with my short term testing the results seem to be pretty much flat. Which brings me back to my original point that some of the robots got lucky in the competition in that they produced two months of good growth exactly when required. On the longer term graph back to 2003 it starts off quite flat for a few years. (There were a couple of other currencies that produced graphs that were more concave and smooth dished shaped drawndown equity curves). So as a long term prospect to keep going for a number of years it might turn out to be a good earning EA with none of those nasty nervewracking Martingale or opening ten positions at the same time type strategies. But in the short term as to whether it is going to flat line for awhile or gently/steeply drawdown for awhile or pull itself together again, who can say. So I think it is certainly the best of the bunch if you take the long term view (the fact that there is the potential to take the long term view is a good thing, as opposed to some of the others which are just accidents waiting to happen), then it could be good for them. But I think anybody who put it straight on to alive account with money management swiched on, and probably off too, is I should think down in equity at the moment. Not neccessarily by a great percentage because as I say it does in some respects quite often hedge against itself, but those probably arenât the sort of people who were looking to take the long term view.
Regarding HiRider, Iâm running it on an ODL demo account and itâs currently got 10 trades open, 33% down! That would be far too rich for me on a live account.
I started it with 100k, it managed to nibble up $320 profit but itâs currently got 10 open standing at around -$35000. Just not bearable! The stops are about $20k away at the moment. I think I either have to adjust the settings or send this bot back.
:eek:
Hi Zorba,
Iâm glad youâre on a demo. Did you do some long term backtests (with default limits and stops), in MT4 and get the equity curve that looks like a horizontal saw blade?
There is something quite entertainingly hypnotic about watching the drawdowns on a demo account. I was fascinated with the first Fusion implosion as to when the volatility based SuperVolcano would decide that things had got extreme enough to close itâs losing positions
If FRWC is indeed the same people that created Fap Turbo then most of their great ideas are focused on marketing. Yes they [U]might[/U] be able to make a bot that works but would rather [U]sell[/U] one regardless of whether it works or not.
Normally I would, but I was keen to get these robots working on demo accounts. Besides, anything that is so fine tuned to give such good live results in the competition is not going to teach me much on backtest (IMHO of course) 
HiRider looked so good in the competition that I thought it was all a setup - they would turn round and say âLMD is the winner and you can have it for $1000, but HiRider is a special offer for only $97â, as if it was all a setup to sell HiRider.
At the moment, the cash I spent on FRWC would be better off increasing my equity on my live MD.
LMD is actually working for me, which is a good thing. on a demo account, starting up with $150, i managed one complete trade this morning and the bot has opened around 5 tonight. Iâm hoping on seeing them done by morning. The one it completed today was +0.23 which is pretty good on micro accounts at 0.01 lots
Hey guys,
as of today running about 2 weeks of running on a 1k demo with Gomarkets, on default settings, here are the updated results at this time of writing. :
Fusion trading 0.01 lots
current account : 906.32
floating loss : -93.18
HiRider trading 0.1 lots
current account : 865.86
floating loss : -70.34
LMD multi Currency trading 0.1 lots
current account : 813.81
floating loss : -45.11
Super volcano using MM trading 0.04 lots
current account : 962.47
floating loss : -39.47
all the robots shaved of 10 - 20 % of the account and floating loss is a sore in the eyes.
Thanks for the stats - itâs really not very inspiring is it? I would maybe believe a little that some sort of tuning or fancy settings might be needed, but I donât see this starting to appear in the communities yet, so I still believe the bots are duff.
Dang yo!
When I got back from vacation, my FXCM demo account (where I was running FusionV) was froze. I canât login any more, it says âInvalid Accountâ or âNo Connectionâ.
I put an email into their support, but havenât heard back. Itâs been a few days, so Iâm just going to create another one.
Suckage! I was really hoping to have 4 to 6 weeks of contiguous data.
Donât know what happened. Would have [I]really[/I] sucked if it was a live account eh?
I guess it would be a good idea for me to test a few different brokers eh?
Interestingly, Iâve got fapturbo running on an FXCM demo account and it is still working fine. Also interesting is that fapturbo has a 94% win ratio so far after two weeks of forward testing.
Frickinâ weird.
Anyway, Iâm going to setup demos on Alpari, IamFX, and FXCM again to see if thereâs any differences between the 3. Any other suggestions on brokers for FusionV?
You should be aware that FXCM has a policy of expiring demo accounts 30 days from activation and as far as I am aware there are no exceptions or ways to get around this.
I have had many problems with FXCM demo accounts and the data feed. The data contains spikes and errors such as ticks out of sequence. One of the most annoying features is the frequency of disconnects. It is not my highspeed connection - it is the FXCM server. These outages happen every day and can be from a few seconds to several minutes.
So it is entirely possible you will see different results than other brokers. I have a lot more confidence in FXDD which is my real account broker.
I agree with codemeister about fxcm. I demo traded fusion, and continue demo trading lmd. Iâve had âbetterâ results with forex.com, where I have a real account, and some demos.
[B]True or False Questions.[/B]
[B]Question #1.[/B] You can alter the DNA of a forex robot?
[B]Question #2.[/B] A forex robot is merely a software program
written in MQL code?
If you answer false to Q.#1 then you must be saying
that the creators of Fusion are [U]delusional[/U]. Evidently,
and according to their advertising they think they have
created a new life form. They specifically state that they
have altered the DNA of a forex robot. They think they
are performing scientific experiments on a life form. In
other words, they believe they are âgod-likeââŚ
If you answer true to Q.#2 then you must be saying
that the creators of Fusion are [U]liars[/U]. They claim to have
altered the DNA in Fusion. If it were only a software
program written for MetaTrader they would only claim
to have altered the MQL code.
[B]Question #3[/B]. People who are either delusional or liars. This is where we should place our trust?
Sometimes yaâ just canât win !!
In conclusion; sometimes itâs best just to have a sense of
humor. Iâm having a GREAT time !
Cheers !!
FYI
Here is they (vendor) own live account - which by the way they stopped - results, I think that told everything:
Summary:
Deposit/Withdrawal:1 004,59 Credit Facility:0,00
Closed Trade P/L: -434,35 Floating P/L:0,00 Margin:0,00
Balance: 570,24 Equity:570,24 Free Margin:570,24
I agree about FXCMs MT4 platform having lots of periods of dropped connection and just appearing to be more sluggish when resizing graphs and changing timeframes and things. I use their standard manual trading platform which I really like, along with a non expiring demo from another broker for charting. That MT4 platform feels a lot more âlivelyâ and doesnât drop itâs connection half as much. Whether it is different if running it live, as the live server has a different address to the demo one, or on a VPS I donât know. If it is better then they are slightly shooting themselves in the foot as I am sure most people tend to open a demo to see how it performs before opening a live account.
@CodeMeister, @FXTrade, & @Matthew11 - Thank you guys for the thoughts on brokers. Makes sense about FXCMâs demo expiring.
@TradeRunner - I just got the joke behind your screen name⌠BladeRunner! Like the book/movie. Ha, Very clever.
Itâs not so difficult - itâs about selling vs making. In any business, each part thinks itâs the most important, and the trouble happens when the two communicate.
FRWC Coder: "Ok, weâve got these bots, now Iâm going to roll them up into one big bot."
FRWC Sales guy: "What? You canât! Thatâs not possible!"
FRWC Coder: "Sure it is, you just paste the MQL4 sources into a new expert and make sure the parameters work, youâre not sharing any global variables, and you can write to the logs without any overtyping."
FRWC Sales guy: "Whuh?"
FRWC Coder: "Er, well, have you seen Jurassic Park? You can get the DNA⌠etc etc"
FRWC Sales guy: âWait, let me get a pen, Iâve got an idea for the websiteâŚâ
Or to put it simply, you can have:
good code and bad sales
bad code and good sales
bad sales and bad code
good sales and good code
Letâs say that good sales means youâve heard of the product and been tempted to try it. Letâs simply say that you have a 50% chance of finding good code, except out of all the bots created you only have a 25% chance since you donât bother with the badly marketed ones. 
(ok, this rules out reality of course).
Z
@Goldsmith - Great observation dude. I remember that within the first couple days of posting live results again, they had had that live account posted up somewhere with MT4stats or something. (At least I think this is the one youâre talking about.) I was never able to find it again.
Sounds like you kept tabs on it. So it lost nearly half the account before they stopped it?
A trader on FF, provided this link. It looks like it traded on Mar 2 so Iâm not sure if it is active.