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  • #1,681
  • May 11, 2020 11:38am May 11, 2020 11:38am
Quoting GodRa
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?
The Nasdaq100 EA has unfortunately been discontinued out of safety for everyone. Individuals that purchased it received a refund and access to all our website EA's for free. We hold a high bar for our trading tools on our website and realize the Nasdaq100 EA was just not good enough. We recommend looking into our new Pinpoint EA though!
https://www.bestfreeforexea.com/pinpoint-ea/

We realized this 543% profit was just a lucky stream of good trades using the Nasdaq100 EA
  • #1,682
  • May 11, 2020 1:41pm May 11, 2020 1:41pm
Iam confused... I did some backtesting RMI EA PRO v4. It is true that everytime it is profitable. BUT... 100USD per year? Really? For example there were 18 trades in one year. Open in Janury, closed in november. I do not understand ... whats the purpose? Doesnt seem good to pay 400USD for this EA and then expect earning like this...
  • #1,683
  • Edited 2:30pm May 11, 2020 1:47pm | Edited 2:30pm
So what is the strategy or difference between Pinpoint and RMI?
  • #1,684
  • May 11, 2020 1:58pm May 11, 2020 1:58pm
Quoting rampZ
Iam confused... I did some backtesting RMI EA PRO v4. It is true that everytime it is profitable. BUT... 100USD per year? Really? For example there were 18 trades in one year. Open in Janury, closed in november. I do not understand ... whats the purpose? Doesnt seem good to pay 400USD for this EA and then expect earning like this...
This is typically caused by a lack of education towards the mt4 strategy tester. The 18 trades in 1 year is likely caused by....

1. Spread is set too high. All 3 of our EA's need to be run on ECN accounts. This means a tester spread should set to an average of 0.5 pips (5)
2. Some settings were not correct when testing.
3. The timeframe is wrong.
4. Testing it on pairs that are not recommended.

It's clear we've had more than 18 trades in 1 year. For example, we've had 78 trades in just 28 days. I mean hell, we've had 7 trades close in profit just today! This is why you should forward test the EA. It's also why I allow people to use it on demo accounts.

If you're wanting to see what the EA is capable of, just watch this account grow over time.
https://www.myfxbook.com/members/lil...-lqdfx/5427770
  • #1,685
  • May 11, 2020 4:02pm May 11, 2020 4:02pm
Ok, I got back some results when backtasting. I just change account to another broker. Which broker you recomended (what are ECN accounts?)

But still... using 0.01 (wich is higly recomended) lot trade is about 150-200 USD per year on one currency pair.

What should be done to stafe safe when trading more lot size ? Like about 0.1 or 0.2... Just higher capital? How risky is to change trading lot size ?
  • #1,687
  • May 12, 2020 3:32am May 12, 2020 3:32am
BARCA

Why don t you get out of here with your offers !
  • #1,688
  • May 12, 2020 4:39am May 12, 2020 4:39am
Quoting Cubbybgood
{quote} The Nasdaq100 EA has unfortunately been discontinued out of safety for everyone. Individuals that purchased it received a refund and access to all our website EA's for free. We hold a high bar for our trading tools on our website and realize the Nasdaq100 EA was just not good enough. We recommend looking into our new Pinpoint EA though! https://www.bestfreeforexea.com/pinpoint-ea/ We realized this 543% profit was just a lucky stream of good trades using the Nasdaq100 EA
Thanks for the clarification. Is it still good for FTMO?
  • #1,689
  • May 12, 2020 5:15am May 12, 2020 5:15am
we will find out...

https://www.myfxbook.com/members/lil...llenge/5828772
  • #1,690
  • May 12, 2020 5:18am May 12, 2020 5:18am
Well done Wabbit !!
We will follow your results closely
  • #1,691
  • May 12, 2020 6:46am May 12, 2020 6:46am
I have 8 pinpoint winning trades this Morning only !!!
  • #1,692
  • May 12, 2020 6:59am May 12, 2020 6:59am
Quoting zaba1
I have 8 pinpoint winning trades this Morning only !!!

Hahaha! Yes, you will see this as the norm for this EA! It's 95% win rate is no joke!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic_001.png Size: 125 KB
Click to Enlarge Name: pic_2.png Size: 71 KB
  • #1,693
  • May 12, 2020 7:05am May 12, 2020 7:05am
Can you just clarify something. I want to see the myfxbook stats where Pinpoint EA is running. When I open this link: https://www.myfxbook.com/members/lil...llenge/5828772 it has a heading of "Pintpoint EA" but the description next to each trade says RMI EA Pro. So what is exactly the difference between RMI and Pinpoint?
  • #1,694
  • May 12, 2020 7:08am May 12, 2020 7:08am
Quoting Dkmillion
Can you just clarify something. I want to see the myfxbook stats where Pinpoint EA is running. When I open this link: https://www.myfxbook.com/members/lil...llenge/5828772 it has a heading of "Pintpoint EA" but the description next to each trade says RMI EA Pro. So what is exactly the difference between RMI and Pinpoint?

Ahh this is simply a coding error. This is also the case in the backtests that can be downloaded on the website. My coder used the RMI PRO EA as a model for the pinpoint EA. They are actually VERY different. I'll fix this on the myfxbook stats moving forward. Is basically a titling issue.
  • #1,695
  • May 12, 2020 7:25am May 12, 2020 7:25am
Quoting Dkmillion
So what is the strategy of difference between Pinpoint and RMI?
Our EA's compared!

Pinpoint EA
1. Scalps the market with the bigger trend.
2. Uses a stop loss on every trade
3. Has a 95% win rate over 5+ years of testing on each pair
4. 5-20 trades a day
5. Calculated Martingale money management
6. Scalps with the bigger trend.
7. Makes up to 8% a month using default settings.
8. Trades 9 pairs.
9. Makes profit every day.
10. NEVER has more than 3 losing trades in a row!

RMI EA V9
1. larger profit target each trade
2. Does not use a stop loss but trades low risk each trade.
3. Focuses on range trading only.
4. Trades using grid money management.
5. Trades just 2 pairs.
6. Makes up to 6% a month using default settings.
7. No martingale money management
8. 3-5 trades a week.
9. Makes profit every month.

RMI PRO V4
1. Scalps the market with the bigger trend.
2. Does not use a stop loss but trades low risk each trade.
3. Trades on grid ONLY with the bigger trend. (This mm trick is why the EA is so strong over the long-term)
4. Makes up to 8% a month using default settings.
5. No martingale money management.
6. Trades 10 pairs.
7. 1-5 trades a day.
8. Makes profit every week.
  • #1,696
  • May 12, 2020 8:36am May 12, 2020 8:36am
Thanks very much this is very helpful!
  • #1,697
  • May 12, 2020 8:39am May 12, 2020 8:39am
Quoting Cubbybgood
My EA's have been testing profitable every month for the past 10+ years
of course it is. It's not hard to do so. The drawdown just gets bigger and bigger, until you lose all your money. What happens when the trend doesn't revert ? you continue to open trades in the same opposite direction, hoping price will revert. And DD gets bigger and bigger...

This does not take a genius to figure out that it's not a good money management.

Jeff
  • #1,698
  • May 12, 2020 9:36am May 12, 2020 9:36am
Quoting ionone
{quote} of course it is. It's not hard to do so. The drawdown just gets bigger and bigger, until you lose all your money. What happens when the trend doesn't revert ? you continue to open trades in the same opposite direction, hoping price will revert. And DD gets bigger and bigger... This does not take a genius to figure out that it's not a good money management. Jeff

Ok. Some skepticism. Totally understandable...

- The trend will ALWAYS revert in some way or form. I mean how can you say this? Trends ALWAYS change. This is why trading is so challenging! If the trend was always just going in one direction, we would all be millionaires.
- We don't keep opening trades in the opposite direction. We wait for the intended trend to return before entering more trades.

I mean... How many times do I have to post this image?!

Please, read and study the image below to see how the RMI PRO V4 trades. Also, start opening your mind to NEW trading ideas. Otherwise, you'll never make it in trading long-term.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 55 KB
  • #1,699
  • May 12, 2020 12:11pm May 12, 2020 12:11pm
For those that are using the Pinpoint EA


Here is the money management explanation of the Pinpoint EA...
Attached Image (click to enlarge)
Click to Enlarge Name: Pinpoint Explanation.png Size: 100 KB
  • #1,700
  • May 12, 2020 12:15pm May 12, 2020 12:15pm
Quoting Cubbybgood
For those that are using the Pinpoint EA Here is the money management explanation of the Pinpoint EA... {image}
So after 0.01 lot and a stop, it takes a second recovery trade with 0.18 lots? Is that right?
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