O'Hannah Ouroboros MT4 EA - demo trade explorers

Ouroboros is an EA that was, perhaps still is, available through another member, O'Hannah.

I have started this thread without O'Hannah's permission.

I will remove the thread if asked.

There has been a lot of emotion surrounding O'Hannah and his product.
I like the product, and I felt some of the actions by some members have been .....a little unfair.
So I thought I would post up my own test demo, (not live), trade explorers.
I use Tickmill for testing my own EA's so eventually I will remove this trade explorer just to declutter, so from yesterday I have placed Ouroboros onto another broker that I use, Global Prime.
With the Tickmill account, there were some manual trades placed. This was to test out the functionality of the EA. There were a few trades incorrectly placed by my own EA when I loaded it up onto this broker by mistake. The result is $18 profit generated on the account, not through Ouroboros.
Global Prime will run straight out of the box. No manual trades.
I have started each account $2000 1:500 for Tickmill, 1:400 for Global Prime with minimal pairs, once (if) the account grows, then further pairs will be added.

If I can, I will disable posts from other members. Foul play I hear you cry. No, let the trade explorers do the talking. If they do go bang, they go bang, but they might do OK, so lets just wait and see.

This is the first thread that I have opened, I have been an avid member of Forex factory for eight years.

By starting this thread, another one with a similar title will go rampant....I couldn't care less.


Have now placed Tickmill onto VPS...

OK, so I am in a bit of a pickle....and I don't know what to do.

Imagine two Political Parties....The Dick Party and The Sensible Party

Now the Dick Party would look at this weeks stats looking for anything, the tiniest morsel until they find something.They would then shout, scream and stamp their feet, finally raising their sweaty hairy palm to the sky in absolute victory......... Ouroboros is in Draw Down -$38...in the red zone....Haha!! Failed....

And then the Sensible Party would look at the stats and say, Up 6% on the week, got some Draw Down on the very last day of the week, not unusual, that can happen any time. Perhaps before close of the week, close the trades and accept just the 6% on the week.

But then this is Forex factory and yes, there are individuals on here who absolutely would like to see this experiment fail. And it might. Who know's.

So I left the trades on.

A question posed in 'another thread' ..."why have I blocked certain individuals".......you were only blocked while I set up the this thread, I wasn't too sure on whether I could prevent all posts or had to individually block the whole world.
So guys I have unblocked you, nothing personal.

The Leader of the Dick Party remains blocked.

*****Hot off the Press*****

........sources confirm that Forex Factory's very own non-trading moniker stealing Gimp, Red Oktober has resurfaced after taking a direct Yorker to the Bell End.......sorry, Bow End..... sources also confirm that no imaginary account or trading method was harmed in the sinking of the submarine. Sources also confirm a distress signal was sent, and was completely ignored.

https://www.forexfactory.com/showthr...=754210&page=5

Post's 179/180

An embarrassment, not only to himself but also to Forex Factory.

Something has been bugging me, for a while...and I'm not looking at this to start another war.
I couldn't put my finger on it.....until i had a closer look at post 20..https://www.forexfactory.com/showthread.php?t=754210 on the other O'Hannah thread.
Much was made of the use of martingale within the EA, and indeed on my own trade explorer martingale has clearly taken place, but on a rare occasion.

Profitfarmer quite rightly pointed out the use of martingale in post 20, after which the world jumped onto O'Hannah. O'Hannah tried to explain they were manual trades that he made to test the EA's operation. By then I think he had had enough so he just left it.... but...
my question is this .....if O'Hannah was attempting to fraud the demo, which was way in profit, why use a multitude of trades, all taken at the same time and at the same price. It doesn't make sense. For all the world it looks like quick manual entry's to test the operation of the buy button on the EA...and no more than that.

But something else

Kenshin has a trade explorer running, a GBPUSD trade shows -$132 draw down...but no supporting Martingale trades....something isn't right.
I'm not for one instance saying that Kenshin has messed with the running of the EA, but with that draw down, the EA should have placed some martingale trades....
I also have trades that were closed with a stop loss.
Kenshins GBPUSD in my opinion should also have hit a stop by now.

All strange.

[quote=moodybot;11010509]Something has been bugging me, for a while...and I'm not looking at this to start another war. I couldn't put my finger on it.....until i had a closer look at post 20..https://www.forexfactory.com/showthread.php?t=754210 on the other O'Hannah thread. Much was made of the use of martingale within the EA, and indeed on my own trade explorer martingale

Hi, i hate the word Martingale...
Nearly every person who gambles thinks or works out that if you have a loss, DOUBLE UP ON THE NEXT BET. we all know that is dangerous.
even adding on is martingale.. BUT it can be used successfully with a winning method. (long story) and i am not going to explain.
Getting back to a method running off an ea, you cannot have an automated system and then add manual trades...
ok a manual trade can save the day or in fact ruin it.
If i bought a system i would not want to know i had to place manual trades to fix it.

Just saying, i am not stirring up the past.

Billy thats a fair input.
I think the main issue was, did the EA take the trades, and I don’t think so, did OHannah take them to cover up the account, again I don’t think so, it was he as he said, testing the manual operation.
The EA for definite can run on Auto, there was however a few people who wanted to manually trade and have the EA cover those trades. I’m leaving it on Auto, every time I manually trade the bloody trade runs off elsewhere, so I’m now just leaving it alone.
What puzzles me is why Kenshins EA hasn’t covered or closed the GU trade.
Martingale, absolutely can succeed, beats me why everyone gets so hecked up about it.

[quote=moodybot;11010652]{quote}{quote} Billy thats a fair input. I think the main issue was, did the EA take the trades, and I don’t think so, did OHannah take them to cover up the account, again I don’t think so, it was he as he

That is why i dislike the martingale term.
i remember when at school i thought i had hit betting horses on the head, with my great idea of doubling up off a loss lol..
( and i was a school boy) lol.

[quote=billytt;11010746]
Billy
Mate, I thought I had found the answer dutching on greyhounds with a bot..............what can go wrong..........yep, just about everything.
Then a bot playing poker....what can go wrong....yep everything...lol...
Then statistical analysis on horse racing....what can go wrong....nothing , that was great, just that no one bothered to tell the gee gee's which order to finish in...lol

Kenshin

I agree a lot with what you have to say. You are absolutely correct in your statement regarding commercial products. Unless I see a live account now, I don't even bother to read a commercial thread....such as mine, but then, like you, I'm not selling anything.
The approach to the marketing by O'Hannah was wrong, I mentioned it to him at the time, and I think he now understands that. I do still think that he genuinely felt that he had a product that would be a benefit to those willing to get involved.
A longer testing period should have taken place, that would have eliminated a fair amount of the variations that O'Hannah presented to us, and yes, a live account would have been beneficial.
I do know of one substantial account that the very latest product is running on. A previous version had taken the account into draw down, not massive but enough to raise eyebrows, for definite that happened, but from my last communication with the chap, the account had significantly recovered using the very latest version that O'Hannah had released. If he gets in touch with me I'll update that situation.
My own demo trade explorers so far are doing Ok, with some draw down, but with 10 pairs running that pretty much is unavoidable. The EA does seem to be able to control itself in as much as it is not over trading, monitors spread, average spread, margin level etc.
I now know that margin calculations form a large part of the logic used within the EA, and again, this has been tightly controlled and looks to be able to keep the draw down to a manageable level.
You and I both know the real crunch will come if the EA starts to add positions in a losing run, (Billy hates the martingale term), I have EG running with a position added, 60 or so pips from the first trade, so its not the standard gridder, there appears to be some thought behind when to add to a losing position.
Can I ask you to keep your trade explorer running, nothing more than I want to compare the performance of my EA to yours. I have also moved the platform onto my VPS.

This is not my account, and I have not seen it, or do i have access to it. The member contacted me initially after I was excluded from the other group and mentioned then that his account was showing signs of recovery. He again contacted me this morning, OZ time and has said that I can pass on basic information.
The live account running Ouroboros has for the month of April recovered $1875. it still remains $1100 down from an earlier version. The account holder has said that he is very happy now with the performance, using version 1.22. My demo is 1.20 but as I understand it, the logic is the same.
I received the info through Forex Factory private message.
Please take this on face value, I have not seen the account, the member though certainly comes across as completely sincere.
If I can get a trade explorer showing the account, I will, but that has to come from the member and they may wish to remain completely private, and I respect that.
Obviously this post will provide ammo for other's on a different thread, no doubt pics of bums, t£ts, scammers etc will surface, again, and again...and...ag.......but as I said previously, I couldn't care less.

M.

[quote=moodybot;11013305][quote=billytt;11010746]{quote} Billy Mate, I thought I had found the answer dutching on greyhounds with a bot....

i remember years and years ago, i spent a couple of years trying to devise a system on the dogs..
All this was pre computors and work done was all on paper..
Just as i completed my work i found a book on how to beat the casino at roulette lol and it was my system lol.
Not actually my system but i did not know it existed...

[quote=billytt;11013989][quote=moodybot;11013305]
Did you try the system to beat blackjack? Actually did Ok on William Hill with that, then I moved onto matched betting, that worked until the offers dried up.

[quote=moodybot;11014048][quote=billytt;11013989] i actually played Poker online and was quite successful but then the idiots started to play and the probability got harder to win consistently.
i played blackjack too and just playing standard rules i was successful but over time time the stats will make me lose so i stopped.
blackjack short term , standard rules is ok.
But like i say my forte' is trading based off stats.