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123 Pattern EA

  • #21
  • Jan 30, 2010 8:09am Jan 30, 2010 8:09am
Hi all,

Has anybody interested in developing this EA further. Looks like it does well if we switch this on/off or (long only or short only) based on the trend.

Regards,
Prakash
  • #22
  • Feb 1, 2010 1:51am Feb 1, 2010 1:51am
This has promise if followed through...imho.

Ron
  • #23
  • Feb 1, 2010 3:01am Feb 1, 2010 3:01am
I am just wondering if USDBOT is the copy of this EA. So I wanted to know if there was any progress on this EA.

May be the creator of this EA can help us knowing that.
  • #24
  • Feb 1, 2010 7:49am Feb 1, 2010 7:49am
Quoting reachjj
I am just wondering if USDBOT is the copy of this EA. So I wanted to know if there was any progress on this EA.

May be the creator of this EA can help us knowing that.

It appears that this is the source of the USDBOT (selling for $149
with 2 upsells...the PDF for $47 and an additional robot for $77,
which may to no surprise have been taken from somewhere)

optojay, what do you say?

I believe ClickBank willl process a refund(s) for anyone who purchased
USDBOT (and any upsells) in good faith.

Thank goodness for ClickBank.

Best to all,

Ron
  • #25
  • Feb 1, 2010 8:19am Feb 1, 2010 8:19am
Quoting ronrhodes
It appears that this is the source of the USDBOT (selling for $149
with 2 upsells...the PDF for $47 and an additional robot for $77,
which may to no surprise have been taken from somewhere)

optojay, what do you say?

I believe ClickBank willl process a refund(s) for anyone who purchased
USDBOT (and any upsells) in good faith.

Thank goodness for ClickBank.

Best to all,

Ron
Yes, I bought it 2 days back and found the similar set of parameters and got this doubt. Then tried running them for some period in backtesting and both were taking trade similarly. Though they are claiming they are updating the system I believe the source is this EA in this thread.

Can the Owner of this EA take any action against USDBOT or its not possible?

Regards
Reachjj
  • #26
  • Feb 2, 2010 4:56am Feb 2, 2010 4:56am
How did you get it to work in strategy tester?
  • #27
  • Feb 2, 2010 6:56am Feb 2, 2010 6:56am
Reach or anyone else using this, what timeframes are you using it on please...is anything other than daily recommended?

Thanks

Magou
  • #28
  • Feb 2, 2010 7:19am Feb 2, 2010 7:19am
Quoting magou
Reach or anyone else using this, what timeframes are you using it on please...is anything other than daily recommended?

Thanks

Magou
I am running it on H4. even backtest gives avg result with this compare to H1 where it had heavy drawdown.
  • #29
  • Feb 2, 2010 2:32pm Feb 2, 2010 2:32pm
Thanks Reach..have you been running live long? How are the results?
  • #30
  • Feb 2, 2010 6:58pm Feb 2, 2010 6:58pm
Quoting reachjj
I am running it on H4. even backtest gives avg result with this compare to H1 where it had heavy drawdown.
Hi Reach. Kindly post your set file. Cheers
  • #31
  • Feb 3, 2010 12:47pm Feb 3, 2010 12:47pm
I just found this thread through a link on the FPA's USDBOT review. The original version of the USDBOT is virtually identical to this EA. In the newest update he has removed most of the user parameters, but it is still the same EA.

His second EA, the USDBOT Adaptive is just a Stochastic oscillator and a trailing stop. Probably stolen from here as well.

His manual trading strategies are exact, word for word, identical to the two you offer. Without the true authers credentials.

Please do your own testing and spread the word. I would like to see this guy shut down and all sales refunded.
  • #32
  • Feb 3, 2010 12:51pm Feb 3, 2010 12:51pm
Quoting power
I tried using the EA in strategy Tester but I get a message stating tha EA is no in Live mode please change setting.....How di I get to test the EA in ST?

Same problem with the USDBOT. I had to attach it to an active account on the testing computer first, demo is ok. Then the strategy tester worked.
  • #33
  • Feb 4, 2010 5:41am Feb 4, 2010 5:41am
Thank you Ken for answering my question. I am running this on a demo and noticed that it does not execute automatically . I see it draw the lines to short / long. I thought it would execute it but it did not. I verifed the parameters and everything seems fine. Have I missed a step for auto execution or is this really a manually trigger EA. Once again thank you for the answer
  • #34
  • Feb 4, 2010 11:14pm Feb 4, 2010 11:14pm
Please note this EA's basic logic has been stolen and sold without permission using the name USDBOT.

I advise that you obtain a refund immediately from Clickbank if you purchased USDBOT. The original EA has been and always will be freely available here.

Please do not get scammed by these thieves making money off of the hard work of others.
  • #35
  • Feb 5, 2010 3:40pm Feb 5, 2010 3:40pm
Forex Peace Army has been testing USDBOT with some success. They are using:
01.26.10 USDBOT installed on Daily EURUSD and USDJPY charts with recommended parameters for 5-digit brokers...

http://www.forexpeacearmy.com/metatr...or/usdbot/demo

Does anyone know what those .set files are???

Jim (MrChips)
Jim (MrChips)
  • #36
  • Edited 5:33pm Feb 5, 2010 5:20pm | Edited 5:33pm
thnx
but coud not download it as mq4
any help?

is it indicator or just expert?
  • #37
  • Feb 5, 2010 5:58pm Feb 5, 2010 5:58pm
Just place the mq4 into the experts folder and close your platform. when you bring your platform up (reload) the MT4 will automatically configure so that you can place it on a chart. I did it, no problem.
  • #38
  • Feb 5, 2010 9:25pm Feb 5, 2010 9:25pm
I am getting very impressive results for the one week I forward test this EA.

Instead of placing it on H1 or H4 or Daily, I placed it on M15 charts, on both USDJPY and EURUSD.

Also, I have set the TP and SL to 70. Others remain unchanged.

I have managed 130% in profit from a 3000 demo account within a week.
  • #39
  • Feb 6, 2010 7:14am Feb 6, 2010 7:14am
Mastery, what lot size are you using. I have initiated a trailing stop instead of manipulating TP and SL. The lot size I was using was .01 and I have changed it to .05 on a current balance of 563, My last two trades were actually multiples of 120 and 64 trades, don't know why. But that's ok my balance is up 160%.

Thanks for your post, I will look at the 15m tf.
  • #40
  • Feb 6, 2010 8:55am Feb 6, 2010 8:55am
Hi

Can either of you post your .set file you're using.
Thanks
Jim (MrChips)
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