The LMD-Multicurrency

Hi,

I've been looking at the Forex Robot World Cup, and seens that the LMD-Multicurrency it's a very intersting EA, so, i was trying to discover the strategy behind it, but is not that easy, i can't tell if a breakout system or a trend follower, he opens orders every day at 00:00 on FXCM broker... well, any help would be apretiated.

Nice EA, small stop loss, risk/reward ratio 1:4, nice growth curve. But money management is to aggressive. I do not think this EA is breakout or a trend follower.

Hi, Dear Friend I look all over but I can not find where to buy the LMD-Multicurrency !! somebody can tell me where I find ? thank you Andrea

On the Forex Robot World Cup website it states that the ea's will be sold in limited quantity AFTER the competition is closed. That's at the end of the month.

Cheers

How long has the forex-robot world cup been around? I'm curious, as to what the price range will be for the EA's. But looking at the $150k cash prizes, it must be a good amount since sales are limited.

Is this their(the host website) first competition?

I would be hesitant to buy an EA unless I understood the underlying methodology behind its trading parameters. I wonder if they'll talk about any of that info, or just sell them "as is"?

Anyways the competition is very interesting.

Also, how are they trading microlots (.01 lot size) using MT4 via FXCM? From what I can find, the minimum is $2,000 and minilots (.1 lot size) with FXCM if using MT4.

From their website information, the expert advisors should cost $999.

Congratulation LMD-Multicurrency !
the best EA , very good !

Very interesting competition. I do like LMD-Multicurrency although, I have to say, that based on the data, my picks would be:

1) HiRider
2) LMD-Multicurrency
3) (AND Last Place) SuperVolcano

Everyone else FAIL!

Obviously LMD won the competition based on ROI however, the deviation is wide, where the deviation on HiRider is amazingly tight. That is really incredible to me. HiRider appears to have a very solid risk management while still achieving exceptional gain. That's why it's my number one.

Now, this is only because I don't know what's going on exactly with LMD. If the risk management on LMD is such that + deviation is greater on average than negative deviation then it might be my #1 pick.

I would like to see what LMD's next draw down will look like. I would not be surprised if it met back up with HiRider on the next draw down.

Hi Guys.

These EA's are not available yet.It might be available in 2 weeks time.

I follow FRWC from the beginning. they started in october 2009. the sponsors are FXCM and Boston tech. I applied with my EA but it was too weak too pass tough rules of FRWC. I hope next year I will improve the ea.

the contest seem fair to mee. I dont like other contests when they trade on Demo , eas make 1000% but you can never trade them in real life.. FRWC trades on live deposits from fxcm which is good sign.

I like hirider and simple ea.. volcano seems good too. Cobalfx is nice. lmd is good too. i am waiting for feb 16

btw you can listen to their new interview with FXCM today on their site http://www.forex-robot-world-cup.com

Hirider looks okay on teh chart but if you look at the size of losses to size of wins you can see it could hit problems in the future.


I wonder why someone would give away $150k of cash prizes when there seems to be very little income stream for them? Something doesn't quite add up to me.

Even LMD which is meant to have a good risk to reward on reflection doesn't and 2 trades make up two thirds of the final profit.

I think it does prove that FX robots are not as good as they should be or claim to be. But nothing we didn't know already no?

[I would be interested in hearing from anyone who submitted a robot. Or I would be interested in talking to the owners of the top 3. email me on [email protected] as I wouldn't mind doing an article on the FRWC.]

From what I've noticed, scalping strategies tend to have inverted RR ratios anyway. If you analyze most manual scalpers you'll see just as much risk if not more. It makes sense when you think about it. The smaller the time frame the more volatile the movement, so if you're trying to catch a few pips, one way to increase your probability on the short term is to set targets smaller than your stop loss to capture price movement.

You can find a good probability chart for price if you search, I don't have any links. The probability for win % increases as you tighten your target, and widen your stop loss. Ex. a stop of 10 pips with a target of 90 pips will have a very low success rate, where a stop of 90 pips with a target of 10 pips will have a much higher success rate. This is of course not taking any other factors into account. Just placing targets and stops at any point with those parameters. Also, If this is done long enough they will both only break even...

Besides the RR is directly related to the win% and money management it can't be evaluated by itself. Plenty of people use better RR and lose money.

Little income stream??? Well, at a price tag of $999.00 it won't take many sales to recoup the $150k plus profit. Also, they are an IB for FXCM so the volume of their clients trades are a recurring source of income. Even if they only net 40% of all their sales, every thousand sales = $400k. I don't know what their limit is for sales, since they say they will only sell a limited number but, never disclosed a real figure.

Can somebody post the 40 pages pdf from FRWC please?
Don't know where to post this question, so you will it in several threads (sorry)
Thank you for sharing!

Here you go.

I managed to reverse engineer maybe 50% of LMD multicurrency. Almost all the trades are taken either after marching soldiers or a piercing candle.

Still trying to reduce it to one.

You mean is one of them mate, or both and you need to find a couple more?

I'm trying to see if I can reduce the patterns detected from two to one.

k cheers, n good luck!

i love how exaggerated the pdfs are ..

Ciao, Do anybody start use LMD ? how it's good for the value of $999 ??

It's any way to have in Demo ? my email [email protected]

Did anyone notice that the details of the gain calculations do not include any amounts in the commissions column? How much are forex transaction commissions? and how would that change the calculation?