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  • #1,661
  • May 8, 2020 5:50am May 8, 2020 5:50am
Ryan - please do a make fully long backtest for us regarding your new EA Nasdaq100 EA. Thank you.
  • #1,662
  • May 8, 2020 7:59am May 8, 2020 7:59am
Quoting DrDave
{quote} Merely running well is not enough. A Swiss clock can run extremely well but always have the wrong time.
You obviously did not trade it so you have no idea what you are talking about. I don't think you have any business here, create your own forum discussing your system so that we can criticize it!
  • #1,663
  • May 8, 2020 8:25am May 8, 2020 8:25am
Quoting Dkmillion
{quote} You obviously did not trade it so you have no idea what you are talking about. I don't think you have any business here, create your own forum discussing your system so that we can criticize it!
"Obviously"?? So you have hacked my account and my computer(s) that I use for trading or you are a psychic??

The most accurate (probaly only accurate) thing you said:
Quoting Dkmillion
I don't think...
To free Gazans of Hamas, use whatever it takes.
  • #1,664
  • May 8, 2020 8:38am May 8, 2020 8:38am
@Cubbybgood do you recommend switching off the EA during high impact cad news?
  • #1,665
  • May 8, 2020 10:05am May 8, 2020 10:05am
Quoting DrDave
{quote} "Obviously"?? So you have hacked my account and my computer(s) that I use for trading or you are a psychic?? The most accurate (probaly only accurate) thing you said: {quote}
DrDave, It's probably best to try the EA first before placing judgement. I also don't lock backtesting on it as well. I now have almost a 7 month profitable track-record with low DD. I think that's enough to show it's consistency.

https://www.myfxbook.com/members/lil...audcad/3595406
https://www.myfxbook.com/members/lil...d-risk/4331360
  • #1,666
  • May 8, 2020 10:08am May 8, 2020 10:08am
Quoting Dkmillion
@Cubbybgood do you recommend switching off the EA during high impact cad news?
I don't shut it off during the news. The EA built and tested to handle all scheduled and unscheduled news. The reality is, any news can go for or against us. Money management is key in trading through these events. The RMI EA's utilize MM in a way that allows them to withstand news that's for and against it.
  • #1,667
  • May 8, 2020 11:38am May 8, 2020 11:38am
Quoting Cubbybgood
{quote} I don't shut it off during the news. The EA built and tested to handle all scheduled and unscheduled news. The reality is, any news can go for or against us. Money management is key in trading through these events. The RMI EA's utilize MM in a way that allows them to withstand news that's for and against it.
Thanks I also thought so!
  • #1,668
  • May 8, 2020 11:37pm May 8, 2020 11:37pm
I left it on for Friday's news events.... but didnt trade for me anyway!
  • #1,669
  • May 9, 2020 2:06am May 9, 2020 2:06am
Quoting Cubbybgood
{quote} DrDave, It's probably best to try the EA first before placing judgement. I also don't lock backtesting on it as well. I now have almost a 7 month profitable track-record with low DD. I think that's enough to show it's consistency. https://www.myfxbook.com/members/lil...audcad/3595406 https://www.myfxbook.com/members/lil...d-risk/4331360
Cubbybgood,

Very good performance, 20% in 5 months..
If you don't give up, you will get it..
  • #1,670
  • May 9, 2020 2:40am May 9, 2020 2:40am
very dangerous EA. Same principle as martingale : open orders in the same direction until price retraces and the last trades makes up for all the losses.
will crash soon or later.
also no SL or any early closing mechanism
  • #1,671
  • May 9, 2020 6:37am May 9, 2020 6:37am
Quoting ionone
very dangerous EA. Same principle as martingale : open orders in the same direction until price retraces and the last trades makes up for all the losses. will crash soon or later. also no SL or any early closing mechanism
ANY trading strategy or EA can be dangerous! If you don't understand this, you don't understand trading. A stop loss trading system can be just as dangerous as one without! People don't take into consideration losing streaks when SL trading. Losing streaks of 10+ trades in a row can happen even with the best trading systems in the world! For example, if you used just 3% risk each trade and had a 10 trade losing streak, you would have lost -30% of your account! People ALWAYS think stop loss trading is some how safer when in reality, it can be just as risky as ANY other type of money management.

First off...

Grid trading IS NOT martingale and will never be martingale. Martingale is strictly a type of money management that increases lot size after each consecutive order. None of my EA's do this. Grid trading can be very effective if done right. It gives the trader the opportunity to turn a bad trade into a break-even one or even a small profit. The idea is... Finding the best trade entry is never easy. We can be correct with our initial prediction but our original entry could be off by 20, 50 or even 100 pips. The problem most traders have is they close out the trade for loss too early not giving their strategy enough breathing room to profit on that intended move. Grid trading has to make sense within the system it's trading though. Otherwise it can result in losses.

My EA's have been testing profitable every month for the past 10+ years. Just because they've been profitable for 10+ years doesn't mean they will continue though. The market is always changing and I do my best to keep my EA's adapting as best as possible. The more data the EA can pull and trade profitably, the more likely it is to adapt to future market movement. I care much more about a strategy's longevity than how much monthly profit it makes. Think about it... If it's able to trade through the 2008/2009 financial rises, Brexit and this pandemic, don't you think it has a good chance at adapting to future events like these?

Just look at the below screenshot of how my RMI EA PRO V4 takes it's trades. Yes, it doesn't use a SL but it uses a small amount of risk each order and only grid trades with the larger trend. This way, we don't just keep adding to a losing position. We wait for the trend to return in our favor before entering more trades in our intended direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 55 KB
  • #1,672
  • May 9, 2020 7:32am May 9, 2020 7:32am
After failing FTMO, i am interested in your NASDAQ EA. Your myfxbook performance shows a drawdown of 36.27% which would have failed FTMO. Has any member here used it to pass?
  • #1,673
  • May 9, 2020 2:30pm May 9, 2020 2:30pm
Quoting GodRa
After failing FTMO, i am interested in your NASDAQ EA. Your myfxbook performance shows a drawdown of 36.27% which would have failed FTMO. Has any member here used it to pass?
The EA just launched yesterday so it's brand new! Of course it would have failed because it was a $79 account to begin with! lol.

When someone purchases the EA, I have specific settings in the manual that will stay within FTMO's trading rules. The EA should make a profit of 10-20% a month while staying under the max -5% DD limit with these settings.
  • #1,674
  • May 9, 2020 3:31pm May 9, 2020 3:31pm
Quoting Cubbybgood
{quote} The EA just launched yesterday so it's brand new! Of course it would have failed because it was a $79 account to begin with! lol. When someone purchases the EA, I have specific settings in the manual that will stay within FTMO's trading rules. The EA should make a profit of 10-20% a month while staying under the max -5% DD limit with these settings.
Are you able to post any backtesting results please?
  • #1,675
  • Edited 4:01pm May 9, 2020 3:36pm | Edited 4:01pm
Quoting GodRa
{quote} Are you able to post any backtesting results please?
Unfortunately, I'm having a hard time finding good reliable data for the Nasdaq100 and SPX500. Most mt4 brokers don't have the data required to run backtests. I was only able to backtest visually. Win rate is in the 85-90% range even over a full year. This is over 100s of trades.
  • #1,676
  • May 9, 2020 3:37pm May 9, 2020 3:37pm
Quoting Cubbybgood
{quote} The EA just launched yesterday so it's brand new! Of course it would have failed because it was a $79 account to begin with! lol. When someone purchases the EA, I have specific settings in the manual that will stay within FTMO's trading rules. The EA should make a profit of 10-20% a month while staying under the max -5% DD limit with these settings.
Is passing the FTMO guaranteed for the 30 and 60 days? Have you tried it?
  • #1,677
  • May 9, 2020 4:08pm May 9, 2020 4:08pm
Quoting Cubbybgood
{quote} Unfortunately, I'm having a hard time finding good reliable data for the Nasdaq100 and SPX500. Most mt4 brokers don't have the data required to run backtests. I was only able to backtest visually. Win rate is in the 85-90% range even over a full year. This is over 100s of trades.
I can download data for you and send you a link
  • #1,678
  • Edited 4:34pm May 9, 2020 4:09pm | Edited 4:34pm
Quoting GodRa
{quote} I can download data for you and send you a link
That would be awesome! Thanks.
  • #1,679
  • Edited 4:48pm May 10, 2020 4:35pm | Edited 4:48pm
I see you've changed your website. It's now called the Pinpoint EA. And you've expanded it to other pairs, not only NASDAQ? What has changed?

The backtests show drawndown of over 10%, which will mean FTMO fail.

Also, you reduced the price from $597 to $397?

On the demo I downloaded, it says in MT4 "RMI EA Pro". Maybe something you forgot to find and replace lol?
  • #1,680
  • May 10, 2020 5:26pm May 10, 2020 5:26pm
So I’m pretty close to ready to buy the live account version of your EA. I just don’t know which one I should go with. Each of them have similar stats and profit rates. Which one would you recommend if you could only run one right now?
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