Disliked{quote} That's correct on the 0.01 starting lost on a $1000 500:1 account. Not sure what you mean by the 2nd question though...Ignored
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Disliked{quote} That's correct on the 0.01 starting lost on a $1000 500:1 account. Not sure what you mean by the 2nd question though...Ignored
Many of you have been asking... Which EA of ours is best. Here's my honest take...
My ranking from the safest to most risky.
1. Ranger EA
1. RMI EA PRO V4
2. Pinpoint EA
The Ranger EA is my oldest EA. It was born back about 7 years ago. It's changed quite a lot since then but the core strategy is still very similar. The reason this EA is so good is because it trades on one of the least manipulated pairs out there in my opinion. I've done thousands of hours of research on the GBPCAD to come to this conclusion. The strategy clearly has an edge on this pair and i don't think it's going away any time soon. The max DD it received was around -40% which some might feel is high but keep in mind, this only happened 2 times in the past 12 years on the GBPCAD. -40% may be high but keep in mind, this EA will pull a profit EVERY month. I still plan on making updates to it to lower potential feature DD.
The RMI EA PRO V4
I think I'm most impressed by this EA over all the others. To be honest, I think I got a bit lucky with the Ranger EA back 7 years ago. I had an idea but it wasn't as well thought out. Eventually it got to that point but it was pretty rough in the beginning. The PRO V4 was a deliberate idea that came about and was polished very early showing my progression as a trader over the years. I think the PRO V4 is probably my most impressive EA because it's able to trade just about any pair. It's able to adapt and trade even on the most bank manipulated pairs like the EURUSD. To be honest, I think this EA should be worth at least $1000 and it will likely be in the next 12 months or so. The track-record it is still new, the longer successful track-record it has, the more value it will have. I should be releasing an update in the coming weeks that will focus on it's best trading pairs like the EURUSD, GBPUSD, USDCHF, USDJPY, and maybe a few more. Yes, it's impressive the EA can trade just about any pair but just because it can, doesn't mean it should.
The Pinpoint EA
This is my first attempt at releasing a stop loss EA. I think it's very good but I do see some room for improvement here. The EA will likely be martingale in some way throughout it's life. My hope is the martingale is decreased with updates. I think the methodology here is strong but the results can change pretty drastically if only a few of the EA inputs are changed. I love it's high win rate and how often it takes trades. The thing that's scary with it is the 18X martingale. This means the EA's next trade will up the risk by 18X after it has a loss. It has never exceeded more than 3 losses in a row on all the recommended pairs. Still, it can be scary for people on that 3rd order knowing if the EA doesn't win, they could lose up to 70% of their account. This weekend, I'll be changing the martingale risk to 15-16X instead of 18X. This should help a bit. I think as the EA improves over time, it's likely it will take less trades to improve accuracy. Most traders like to see active strategies that trade a lot, but the reality is, the more the EA trades, the more likely it is to have bad trades. It will likely see some more serious updates in the coming weeks. My hope is to get it to a less risky place but to be honest, ANY strategy using a SL will incorporate more potential for loss because we're accepting the use of a that SL within the strategy. Most people think a strategy is safer because it uses a SL, this is not the case, both SL and none SL trading strategies can be big losers. It's depends on how they are used. I can tell you one thing though, it's much more difficult and emotional trying to making back losses after having a 5-10 trade losing streak. This can happen even with the best trading systems.
DislikedCubbyBGood, Please are the EA's free, if yes I will like to have the download linkIgnored
DislikedHi Cubby. What is the license key for your RMI EA V4 in demo, please ? Thanks in advance.Ignored
DislikedI for one can say that the RMI Pro for me has been working well since demo over into Live now. DD is minimal and making stable safe profits on the default recommended settings. As with any style of trading (manual or bot) we have to take the rough with the smooth - can't expect to win all the time. Keep up the solid work Cubbybgood, looking forward to your future work as wellIgnored
Hello everyone!
It's that time for EA updates. Recently, we changed the name of the RMI EA V9 to the Ranger EA so people don't get confused with the RMI EA PRO .
The Ranger EA V2 is now easily our most profitable EA we offer on the website. It should give you a profit of 5-10% a month using the default settings. The new update is the biggest one we've done since the EA was released to the public 2 years ago.
A Pinpoint EA V2 update will be coming out tomorrow! Big changes to this EA making it MUCH safer now. For the example, the "lot increase" will be changed from 18X to just 7X which cuts risk WAY down. This is just one of the many changes. Overall the EA will have lower draw down and still be very profitable.
For more information about our EA's head over to Bestfreeforexea.com
Disliked{quote} The Ranger EA V2 is a pretty massive upgrade from the original RMI and Ranger EA. Is a matter of fact, it's the largest upgrade the EA has seen since it was originally built 8 years ago! I've had almost 1% profit this week on my live account which I'll be posting here soon. So far, the EA is definitely in line with my 5-10% monthly profit estimate. I'll likely be adding $200 a month to this live account on top of the profit to show people how investing and compounding can work to push a small account into high gear. I estimate with just...Ignored
DislikedI test ranger ea, you say to use manage_account_profit, do we need to set magicnumber to 123 same as ea?Ignored