MTaboneWebForex Expert Advisors

Hello Matt,

Very nice results. You do excellent work as I know your history.
Do you by chance have any backtest history?

Regards,
Jeff

Hey Jeff,

Good to hear from you again. The results do look nice now but we'll have to wait and see how they pan out. As for backtesting, I never do it. I've had so many mixed results in the past with backtests that I just decided it's not worth it and they're never very accurate anyways.

Thanks,
Matt

Hello Matt,

Backtesting is a tool that I use.
It gives an idea of how a trading strategy performed in the past.
Does not guarantee that is what people will get in their forward testing but it does give people an idea.

Regards,
Jeff

Backtesting is ok for bug finding and making sure the EA is doing what it is supposed to do. But the data it uses is so far from accurate that the results are useless, try for yourself, trade an ea for a week, then do the same week on backtest and its like its a different system.

Jeff,

As always, I respect your opinion. I personally just don't put any stock in backtesting and so I don't do it. In the past I had done some backtesting and deeply interrogated the results as they were happening. I had found on more than one occasion where things would happen that shouldn't happen. An example would be a take profit... I have seen in the strategy tester where it is clearly past a take profit and yet because it did not land exactly on the take profit price the trade was not closed at a profit. This would not or at least should not happen in a live situation and yet it is very possible to happen again and again through the strategy tester. I just don't feel that the strategy tester operates under the same set of rules as a live system, not to mention the amount of data that is missing for ticks. If it doesn't handle trades the same as it would if they were live (demo/real) then I just can't trust the results whether they are good or bad.

I can't tell you how many systems I've seen being sold based on backtested results and they always have the same outcome... They fail. I can't use this as a tool to push my EAs. I want my EAs to work over the long haul and I believe with all my heart that they can do so with forward testing, the right pairs, time frames, settings, etc. I have received a large amount of positive feedback from my members and listened to their requests for enhancements and even implemented a great deal of them into the EAs.

Again, I greatly appreciate and respect your position and hope that you will not be disappointed with mine.

Matt

Ben,

These results are amazing... And scary at the same time if you follow me. Maybe some of the recent additions have helped it to be more profitable although I would still caution that no one should expect this on a regular basis.

Anyways, good work, and I look forward to helping you dissect the results as time goes on.

I'm not sure if I got a lucky streak this week, time will tell.
The waitfortunnelbreakout and preventmultitradesperbar options really do help protect the account, every level of account protection possible should be used with an EA that is left totally unattended 24/5 as this is.

A recent email I received below with my response. I felt it covered important question and answers and wanted to share...

Thanks Matt for the info, but I see you have no warranty on your EAs, its a matter of no refunds. My policy is no refunds if the thing stinks no purchase.
I am not saying that your EAs stink, but many do, like the Don Steinitz crap floating around, or FapTurbo, or BlackPanther, or PipZu, or Megadroid, or Fusion, sRS, or StealPips. Those are just a few I have bought and got refunded because they were crap.

How do yourEAs stack up against those losers. My feeling is that yours are much better, but its just a feeling
. Do you have any results demo or live? If I purchase one EA can I use that purchase to be part of a later lifetime membership? Do all your EAs have Martingale coding?

Regards,
member

My answer...

Hi,

I can absolutely sympathize with you feelings here as I have purchased many EAs in the past before I started programming them for myself.

Refunds are something that I just don't do because EAs can be so easily decompiled. This has been one of my biggest hurdles with trying to establish a trust with my users and yet protect myself from people who would buy, decompile, then ask for a refund. I am not saying you would do that but I do have solid proof of it happening with more than one of my existing members. If you are not comfortable or sure then I would strongly advise against purchasing any of my EAs.

As for all the "crap" EAs that are sold through mainly big advertisements like infomercials... Not a single one of them is as responsive, supportive, or open as I am and my forum is more than enough proof of that to anyone who spends a reasonable amount of time reading the threads. I have live and demo past results as do many of my other members who post frequently like MyFutureSelf, Andante9, BenScoobert, etc.

Ben is actually running the CrazyPyramid on a live account with AlpariUK with good results and we have both posted those results as of lately since we were doing some very intense demo tests together over the last couple of months. I could go on and on but it's all in the forum already. If you are serious about trying any of the EAs then you should spend time reading the threads first (before you buy anything). Questions are openly answered as they come in but I prefer to do it all on the forum rather than personal emails. In this way, I am not hiding anything, all members benefit from the answers, and everything is straight forward which is not easy to establish in this business where so many are scammed with padded results. I don't base anything on back testing. Everything is forward on.

The CrazyPyramid is the only martingale type EA as I usually do not like them because they're well known for blowing up accounts. Ben has done a very nice job with this EA as far as defining how he wants it to work and I believe in this case he has overcome many of the problems with martingale EAs. On top of that there have been many, many user requests that have been accommodated in all of my EAs.

Yes, if you purchase one or more then the difference is all it costs to upgrade to a full lifetime membership. That means all EAs, any new EAs, and all updates. Each individual comes with all free updates as well.

Take your time, read the forums, then decide. I do not pull any punches on the forum.

Sorry for the delay but I felt you deserved a thorough answer to your concerns and wanted to provide that to you.

Thanks again,
Matt

I would like to point out a couple recent posts from my forum...

andante9's testing on the BreakoutSentinel over 3 months of forward testing here with a 20+% account growth

and

Benscooberts testing on the CrazyPyramid

Thanks,
Matt

Lol yeah I did get excited as it banked profit. It has been so long in the making and it is exhilarating to see it making profits virtually every day.

I have to admit that I was shaky on your idea when you first brought it to me. I'm very pleased now to admit I was wrong.

I mentioned a little while back here that I was finalizing some testing on the CrazyPyramid EA. The end results for EUR/GBP look very good while the others turned out to be no good.

Click here if you'd like to view all the numbers.

Matt

This crazypyramid EA has been going just over 2 months

risking no more than 1% per set of trades, now up 8%

http://www.myfxbook.com/members/BenS...t-trades/33732