First, I’m sorry, but at the present time I do not want to give out details on the EA, to jeopardize it’s success. (No I’m not spamming, nor am I selling anything)
I had a theory and had a programmer create me an expert advisor.
The theory worked, and over back testing of the last 7-8 months, it averaged $2,000 a month. After playing around with the numbers, and actually making a mistake, I found a strategy that averaged $7,000 per month over the last 7.5 months, and is 16-0 in November making over $10,000. It has a bit more risk to it, but over 7.5 months of testing it seems to have paid off. My only concern is nothing is 100% guaranteed, and the market can change in the blink of an eye. I’m going to live test for a couple weeks, then go live. I really want to test live right now with November 16-0, but like I said, nothing is 100%, and I worry something crazy will happen and somehow lose 10 in a row. I can test a mini account, but I really have no desire making $20-$100 per trade. I’m short on money right now, which really sucks, or I’d jump right into this right now, but I do have RRSPs I’m thinking about cashing in for this… but if it does fail I’m in an even worse financial situation, wich is why I am hesitant on this system.
I am testing this in all markets.
Initial deposit 10000.00
Total net profit 49260.00
Total trades 153
Short positions (won %) 70 (92.86%)
Long positions (won %) 83 (89.16%)
Profit trades (% of total) 139 (90.85%)
Loss trades (% of total) 14 (9.15%)
Maximum
consecutive wins (profit in money) 26
consecutive losses (loss in money) 2
The best part about this system is it is automatic, turn it on, and I could walk away from the computer.
I can test a mini account, but I really have no desire making $20-$100 per trade.
No offense, but that’s kind of ridiculous. You would learn far more about how good the system is by testing it live at 1 cent per pip than you will running it through an MT4 backtest for 5 years. And can you imagine someone saying “I have no desire to make only $20 to $100 for no effort at all” in anything but forex? No wonder almost everyone fails at it.
Also, how on earth would giving out details “jeopardize its success”? You mean like a superstitious kind of thing?
You would learn far more about how good the system is by testing it live at 1 cent per pip than you will running it through an MT4 backtest for 5 years.
Ha, thanks for not taking offense, I really didn’t intend any but I realized later I may have seemed kind of insulting
Aiming big is cool, but why not make money in the meantime? Even if you “only” make 5 cents a pip, that’s more than you’d be making doing demo trading, plus you’d be getting better data from live trading.
This holy grail EA is part of the geniusrobot / fxirobot? I found some reference in the fxirobot manual I have but the guy who sells the robot says it has been discontinued. What happened to this EA?
