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  • Linked: The Ranger + Vigorous EAs | Demo Account XXXXX72
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  • #1,421
  • Jan 1, 2020 11:57am Jan 1, 2020 11:57am
Quoting jshear
In my opinion this EA should not be traded live yet only on demo as it seems we are all beta testers until a final polished version is released. Too many updated versions keep coming out with changes. I would want to see a stable release on demo for at least 2 months before I try it live. Also back test mean nothing as you can’t back test how this EA does with multiple pairs. Only forward test. Jeff
We agree with this point to some extent.

We have released a lot of versions. The idea is to continue improving the EA. My team and I have been working hard to make the EA as safe as possible. An EA that trades every day isn't easy to keep profitable over the long-term. When we see issues, we release new versions. This is exactly why we've had sales going on that discounted the EA's by -50% or more. We understand the lack of performance tracking. This was why the EA's were discounted.

We may continue a sale for the next 1-2 months. It won't be discounted -50% though. People can chose to demo the EA's for as long as they want. They are not forced to buy anything.

The goal has always been to get to a point where we incorporate a safety SL. This has proved difficult for a strategy that shoots for 10-20% a month. Our goal is to make the safest 10-20% EA out there. The many releases of the EA should show we care about keeping the EA profitable over the long-term.
  • #1,422
  • Jan 1, 2020 1:19pm Jan 1, 2020 1:19pm
Why not shoot for 2%-5% ?. Seems it would be more realistic and safer, and perhaps easier to build. I would much rather see an EA make 1% to 3% a month with a low drawdown let's say less than 20%. I just don't understand why we want to make 10 Twain percent a month it just doesn't seem to work out very well.
  • #1,423
  • Jan 1, 2020 1:21pm Jan 1, 2020 1:21pm
Quoting PippinUSA150
Why not shoot for 2%-5% ?. Seems it would be more realistic and safer, and perhaps easier to build. I would much rather see AIA may 1% to 3% a month with a low drawdown let's say less than 20%. I just don't understand why we want to make 10 Twain percent a month it just doesn't seem to work out very well.
I agree 20 percent is too risky and going to end up blowing accounts again. When have seen this rodeo so many times.
I EAT PIPS
  • #1,424
  • Jan 1, 2020 1:24pm Jan 1, 2020 1:24pm
Quoting Cubbybgood
{quote} We agree with this point to some extent. We have released a lot of versions. The idea is to continue improving the EA. My team and I have been working hard to make the EA as safe as possible. An EA that trades every day isn't easy to keep profitable over the long-term. When we see issues, we release new versions. This is exactly why we've had sales going on that discounted the EA's by -50% or more. We understand the lack of performance tracking. This was why the EA's were discounted. We may continue a sale for the next 1-2 months. It won't...
I agree with the the other members comments. You should make a goal of 2-5 percent per month max using an account with 100/1 leverage. Max dd should equal your monthly gain.Here is a good example of risk ratio draw down to gain.

Jeff
Attached Image (click to enlarge)
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I EAT PIPS
  • #1,425
  • Jan 1, 2020 1:32pm Jan 1, 2020 1:32pm
Quoting PippinUSA150
Why not shoot for 2%-5% ?. Seems it would be more realistic and safer, and perhaps easier to build. I would much rather see an EA make 1% to 3% a month with a low drawdown let's say less than 20%. I just don't understand why we want to make 10 Twain percent a month it just doesn't seem to work out very well.
I agree with you 100%!

This is what my RMI EA does week after week. The problem here is...

No one wants an EA that makes 1-3% a month. Most people don't realize how difficult it is to make even 3% a month! The good majority of people have been manipulated into thinking +20% a month is somehow normal. It wouldn't be hard for me to reconfigure my EA's to shoot for 1-3% a month. Maybe I need to set myself apart here by going down a different more conservative path with my coder? A path that focuses on protecting traders accounts with low smooth consistent profits instead of high risk profits that constantly flirt with the edge of disaster.
  • #1,426
  • Jan 1, 2020 1:34pm Jan 1, 2020 1:34pm
Quoting Cubbybgood
{quote} I agree with you 100%! This is what my RMI EA does week after week. The problem here is... No one wants an EA that makes 1-3% a month. Most people don't realize how difficult it is to make even 3% a month! The good majority of people have been manipulated into thinking +20% a month is somehow normal. It wouldn't be hard for me to reconfigure my EA's to shoot for 1-3% a month. Maybe I need to set myself apart here by going down a different more conservative path with my coder? A path that focuses on protecting traders accounts with low smooth...
Yes I agree 1000 percent.
I EAT PIPS
  • #1,427
  • Jan 1, 2020 1:45pm Jan 1, 2020 1:45pm
Quoting Cubbybgood
{quote} I agree with you 100%! This is what my RMI EA does week after week. The problem here is... No one wants an EA that makes 1-3% a month. Most people don't realize how difficult it is to make even 3% a month! The good majority of people have been manipulated into thinking +20% a month is somehow normal. It wouldn't be hard for me to reconfigure my EA's to shoot for 1-3% a month. Maybe I need to set myself apart here by going down a different more conservative path with my coder? A path that focuses on protecting traders accounts with low smooth...
Yes perhaps focusing on to the 5% in month with low drawdown. That would be a great EA success story. And perhaps discount should be focused on the fact that people are duped or manipulated Making more than 2% a month. And educate these poor souls that lose their accounts by thinking they can make more than 2% of month easy
  • #1,428
  • Jan 1, 2020 2:10pm Jan 1, 2020 2:10pm
Quoting jshear
{quote} Yes I agree 1000 percent.

Thanks for the feedback guys! I know my EA's have what it takes to make 3% a month with a DD under 20% for years. I'll be releasing these settings in the next 24 hours. I'll also be changing profit estimates and information on my website as well.
  • #1,429
  • Jan 1, 2020 2:13pm Jan 1, 2020 2:13pm
Quoting Cubbybgood
{quote} Thanks for the feedback guys! I know my EA's have what it takes to make 3% a month with a DD under 20% for years. I'll be releasing these settings in the next 24 hours. I'll also be changing profit estimates and information on my website as well.
I'm glad you steering into that direction.
  • #1,430
  • Jan 2, 2020 7:21am Jan 2, 2020 7:21am
Quoting jshear
{quote} Yes I agree 1000 percent.
I agree too, a more conservative approach is needed. Are you saying the RMI EA is more conservative than this one?
  • #1,431
  • Jan 2, 2020 7:25am Jan 2, 2020 7:25am
Quoting GodRa
{quote} I agree too, a more conservative approach is needed. Are you saying the RMI EA is more conservative than this one?
Yes, it is. The RMI EA's settings were based on the worst possible times of DD over the past 13 years of back-history. It can do 3-5% a month on a 500:1 leverage account.
  • #1,432
  • Jan 2, 2020 7:27am Jan 2, 2020 7:27am
Quoting Cubbybgood
{quote} Yes, it is. The RMI EA's settings were based on the worst possible times of DD over the past 13 years of back-history. It can do 3-5% a month on a 500:1 leverage account.

I think you should quote returns based on 100/1 account as that is more realistic. 500/1 is most likely going to blow an account.
I EAT PIPS
  • #1,433
  • Jan 2, 2020 7:40am Jan 2, 2020 7:40am
Quoting jshear
{quote} I think you should quote returns based on 100/1 account as that is more realistic. 500/1 is most likely going to blow an account.
I'm almost done with the new BlastBands version. Giving it a -20% loss cutoff. This means you should be able to use it on lower leverage accounts since it's using a % loss cutoff.
  • #1,434
  • Jan 2, 2020 7:46am Jan 2, 2020 7:46am
Quoting jshear
{quote} I think you should quote returns based on 100/1 account as that is more realistic. 500/1 is most likely going to blow an account.
Can I use the RMI EA with a 100:1 account?
  • #1,435
  • Edited 2:29pm Jan 2, 2020 2:03pm | Edited 2:29pm
Still working on the settings. Here is an updated test starting in 2018 to current on just the EU!

Good profit and low DD. Also includes a -20% safty SL

More info coming soon!
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 10 KB
Attached File(s)
File Type: zip BlastBands 4.0 test.zip   61 KB | 533 downloads
  • #1,436
  • Jan 3, 2020 3:27am Jan 3, 2020 3:27am
good !!
  • #1,437
  • Jan 4, 2020 9:34pm Jan 4, 2020 9:34pm
free for demo only, but need to pay for live, how much?
LUCKY golden trades, LUCKY gold investor trading style
  • #1,438
  • Jan 5, 2020 4:50pm Jan 5, 2020 4:50pm
BlastBands 4.0 test.zip appears to be unrelated to BlastBands but an M30 report of TMA_EA_V1 ?

Geoff
  • #1,439
  • Jan 5, 2020 11:10pm Jan 5, 2020 11:10pm
should change the title, taking back, free for demo, pay for live
LUCKY golden trades, LUCKY gold investor trading style
  • #1,440
  • Jan 6, 2020 5:19am Jan 6, 2020 5:19am
Quoting fx4money
should change the title, taking back, free for demo, pay for live
Well, they made me a commercial member

I never wanted that but I'm rolling with it.

Most people selling EA's don't even give out demo version because they know their EA is a scam! I'm still giving out something for free...
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