well good luck getting your money back bacon! its obviously an EA no right thinking person should ever put on a live account. Whenever I have tested an EA on a live account and a demo account simultaneously I have rarely got the same results. The only EA I have ever used (and still do) is Megadroid and that only trades very infrequently.
Three weeks on a demo and there is no denying this EA has some potential. I would consider putting it on a live account with reduced risk/lot size.
Not sure what to say. On week three of my trial I wanted to set fire to it.
And yes, a refund is proving troublesome :31:
To be fair I had this running for three weeks prior to this test. I had a problem with my VPS and started the test over. The original account had 50:1 leverage and the account was in big trouble. It couldn’t open up additional trades because of the margin problem. So I really wasn’t able to see the outcome. I will continue to run this demo and see how it goes.
Here’s my concern: even if the EA is profitable for, say 2 months, and everything is great, it still has the potential to destroy your account, whatever size it is, because its risk is based on account size; bigger account, bigger trade size. And since it has come close to killing accounts (or at least margin calls) on more than one occasion, it shows that it is a dangerous way to trade.
If you reduce the risk, you reduce the profit as well. At its current rate, I should be able to double my $1000 account in about 150 years.
I am reading this discussion between Pipmenow and Bacon and I don’t know what to think.
One say good things other only bad bad bad.
In this case, i just want to see longer myfxbook monitoring. How things will go on after a few months.
I’ve been trying to get a refund and now they are just ignoring me.
Wonderful business. He says they stand behind their EA…uh-huh. Behind a locked door and tell you to go away.
Will talk to PayPal next.
People, this EA is dangerous and the vendor is a bum.
mate get straight on to pay pal if that’s how you paid, they should sort you a refund, but dont leave it any longer
That was some recovery. On a 50:1 leverage account it would have been very close to a margin call. If two pairs were in such a big draw down the account probably would not have survived.
I am working on improved version.
There will be hedge feature to cover such DD in future.
On just the one pair, I believe that I was within 20 pips of a margin call.
Even if this trade sequence had made a profit (even a GREAT profit) I would be very, very, VERY uncomfortable using this EA because of its trading logic and the staggering risk it poses to my account.
No refund through PayPal; he must have put on quite a song and dance of lies to them to to keep my money despite my account making NO money in a month. Guarantee says if this happens, he will refund your money no questions asked. Just another lie. I guess he must REALLY need my $149 to buy groceries, poor fellow. Or toilet paper to make a new EA out of.
Well with a little luck you may have stopped other people buying it and wasting there money! are you running any other EAs at the moment
I’ve been running the Scion Autotrader for about a month now (see the thread). It is an EA that enable auto trading, or mirror trading, so the trades are actually being taken by a live trader at Scion FX. It had a pretty good track record but for the month I’ve been trying it, it hasn’t gone anywhere ($10 profit on a $3000 account in a month). I’m letting the free trial run and will see what’s what after that. Pretty sure I will be trading manually, though.
I think mirror trading is a better bet than an EA to be honest $10 profit after a month is not going to pay the bills, but on the plus side its more money than you started with and it hasn’t nearly blown your account! lol.
is that 10$ profit after you take into account the fee of $49 a week?, because i think you would need a fairly big account to cover those charges
Another One Bites the Dust. Total Wipeout.
I think enough has been said here.
The EA is trash.
The vendor is a dirt bag.