the newest horse in my stable is Forex Flow. I decided to give it a shot and yesterday i’ve got my my first live Trades. For me personally impressive, i’ve got 6 Wins with 20 pips each :53:
The vendor’s page is Home - Forex Flow and shows a good performance on a 5 year backtest.
They set up an account, which’s performance can be seen at myfxbook:
automatically detects time-zone (GMT) and digits (4/5)
60 Day Money back guarantee (Plimus)
does not trade in front of news, therefore the EA will be warned from vendors server
About the support quality i can’t say anything at the moment. The Bot is working and until now, i got no problems. If other guys have this bot and are doing good or have some input, i’m sure all of use would love to hear ! :20:
Hi Lorientrader,
definately has a martingale component, but the backtests show it has a stoploss too.
I would like to see better backtests. 1 of them is not even 90%. a bit amateurish
When they have a small take profit MT4 data is not good enough.
Hard to believe they can make an ea with newsfilter and automatic time detection etc, but cant publish backtests with tick by tick data.
Can you do a backtest with better data?
I dont have AUDCAD tick data, but maybe someone can do a 99% test on this pair for you?
Do you know how much it loses when it hits one of those stoplosses? By their own tests prepare for 2 of those within a 6 month period. Looks like they wipe out around 6 months worth of profits each.
I am not saying it wont run long term, just needs much better forward testing and back testing as it looks a bit risky.
the strategy of Flow partly uses martingale that’s true. But luckily, this is very limited, so if you choose your risk correct, it can’t wipe out your account. But this is true for all robots. So, they use a SL and the news filter in conjunction.
Last week on the robot traded with 6 winners, all at the same lotsize and not a doubled one.
@Goldylox, at the moment i’ve made a backtest with metquotes history. There i got the same results. For a 99 % Backtest (which will be very interesting for me) i need the data. I had a look at Dukascopy, but they don’t deliver history for Aud/Cad it seems. Do you know, how i can get the history for MT4 ?
The two losses needed around 4-5 months to recover. But hopefully i will not have such a loss until end of 2011. When this happens, and i’m already up lets say 50% then it doesn’t cares to me
I will keep you updated, so let’s hope, this bot does what the vendor says …
With starting lot size of 0.04 a total win of 169 €. Total Pips won is 76. So, i already earned, what i have paid for it
Not bad at all. I have found a page about doing a 99% backtest. i will see, if i can do it
I go through it, but it will take a while. I need to install PHP, download some Scripts for PHP/MT4. But i think i can do it latest on the weekend. Your data are going up to 2011.03.01. When i can download a longer period, i will take this, otherwise your data
finally, i did the 99% Backtest Was not easy and a lot of work. I was able, to use Dukascopy data ranging from 16.02.2010 up to 01.09.2011. I could not complete the backtest in one piece. I think, the problem is my PC, which currently has only 2 GB ram. So i had to split the complete period into 4 pieces. 2 for 2010 and 2 for 2011.
and not a doubled one.
Was not easy and a lot of work. I was able, to use Dukascopy data ranging from 16.02.2010 up to 01.09.2011. I could not complete the backtest in one piece. I think, the problem is my PC, which currently has only 2 GB ram. So i had to split the complete period into 4 pieces. 2 for 2010 and 2 for 2011.
