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Kravens Commercial test thread

  • #1
  • First Post: Jul 9, 2010 2:44pm Jul 9, 2010 2:44pm
This thread is due to start next Monday (12/07/10)

I wanted to set-up this thread as i have 3 commercial systems i wanted to test out but don't have the time to do all three so i've enlisted the help of some fellow traders to do this with me.

The systems on test are:
FX Engine Trading System V3
XB Forex System V4
Forex Powerband Dominator

There will be 2 traders using each system. I've asked each trader to use their system as described only (not to add additional indi's). As we are busy people with our own trading styles and life styles i've asked each tester to commit to their systems for 1 week only, to report trades and charts here as often as they can. After that who knows.

I'm still after 1 trader for Forex Powerband Dominator
http://forexpowerbanddominator.com
PM me if interested

Note: as these are commercial systems indi's etc will not be posted on here.
  • #2
  • Jul 9, 2010 3:14pm Jul 9, 2010 3:14pm
Great idea Sir, wish all the traders taking part well this week, I for one will be following along with great intrest..

All the best from Ireland

Danny
  • #3
  • Edited Jul 10, 2010 6:54am Jul 9, 2010 6:05pm | Edited Jul 10, 2010 6:54am
Looks like we have our traders...

Myself and Cailou will be testing XB Forex System V4
Kiscan and Terminex will be testing FX Engine Trading System V3
EllisEdi and Kdx will be testing Forex Powerband Dominator

I'll be testing XB Forex System V4 on a 15min chart on GU and EU (15min tf and 2 pairs so i can give it all my focus)
  • #4
  • Jul 10, 2010 12:13pm Jul 10, 2010 12:13pm
Thought i'd put a quick pic up so people who are interested could see what XB Forex System V4 chart looks like

i'll be trading in 15min tf (1hr and 4hr looks good, but as this trial will last 1 week initially i may only get to enter once or twice in the higher tf's)

There are several ways to enter a bet, main one's:
Main MA line and fast MA line crossing both the same colour with xb-ind same colour
price going through (retracing) or bouncing off 'reversal lines'

TP and SL aren't that well defined, looking at chart i'll probably exit when fast MA changes colour.
Attached Image (click to enlarge)
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  • #5
  • Jul 10, 2010 3:07pm Jul 10, 2010 3:07pm
forex factory mods, it appears this thread has been moved a few times. if there's a problem with what i'm trying to do please pm me or post here.

Please note, The systems indi's and instructions etc will not be posted here.

All systems have been obtained legit by myself or from friends of mine.

The idea behind this is to see (all be it briefly) which of the 3 systems gives the best results and how they are interpreted/improved by different traders.
  • #6
  • Edited 2:10am Jul 12, 2010 1:58am | Edited 2:10am
morning all,

i'll be using xb forex exlusively this week and hopefully put the finding here.
  • #7
  • Jul 12, 2010 2:04am Jul 12, 2010 2:04am
I'm using FX engine V3. All except US session.
Here is a late entry where I got it after a support was broken.
The initial signal did not allow me to get in according to the rules.
The entry is where the red tick is.
Stop of 37 pips instead of 50. TS of 37 pips.
Attached Image (click to enlarge)
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  • #8
  • Jul 12, 2010 2:11am Jul 12, 2010 2:11am
hello terminex, are you using 1hr tf only?
  • #9
  • Jul 12, 2010 2:14am Jul 12, 2010 2:14am
Quoting kraven
hello terminex, are you using 1hr tf only?
Yes.
Just on GBPUSD,EURUSD,USDJPY,GBPJPY,USDCHF.
Tough to get action with this. No trades happened on Friday.
Good if you have a humoungous account.... unlike me.
  • #10
  • Jul 12, 2010 2:16am Jul 12, 2010 2:16am
Out of those systems I have used FX Engine and it's a good system, although I also used some extra MA-s to filter a little.

As usual, the system isn't original and invented by it's seller -
Entry dot is same as Goldminer indicator (Goldminer1)
Golden Variety is Madro Golden Filter (free indi http://codebase.mql4.com/1047)
haven't cracked the nut about colored MA yet, where does that come from...

Anyway, the system was profitable for me but not the best one around.
  • #11
  • Jul 12, 2010 2:22am Jul 12, 2010 2:22am
Quoting Swamp Owl
Out of those systems I have used FX Engine and it's a good system, although I also used some extra MA-s to filter a little.

As usual, the system isn't original and invented by it's seller -
Entry dot is same as Goldminer indicator (Goldminer1)
Golden Variety is Madro Golden Filter (free indi http://codebase.mql4.com/1047)
haven't cracked the nut about colored MA yet, where does that come from...

Anyway, the system was profitable for me but not the best one around.
What is the best one around?
  • #12
  • Jul 12, 2010 2:27am Jul 12, 2010 2:27am
i have a sell on EU as price breaks the 'breakout line'

i'm using 15mins just basicaly to get more action. on the 1hr and 4hr charts this system looks ok, but you may only get 2 trades per week (ok but not for a test)
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  • #13
  • Jul 12, 2010 2:28am Jul 12, 2010 2:28am
Quoting terminex
What is the best one around?
Owl's a 'commercial member' so i bet it's his
  • #14
  • Jul 12, 2010 2:34am Jul 12, 2010 2:34am
good morning, all.

i started i little bit late today, too many alcohol, yesterday night, with the celebration of world championship.

SPAIN, WORLD CHAMPION!!!!!!!

ARRIBA ESPAŅA!!!


ok, well. i´m going to test, fx engine v3.0 in 15min chart whit the 4 pairs recomended EU GU UJ GJ, in a little real account (100 eur, alpari) using 1 microlot.

i´ll post all the new trades.

bye.
  • #15
  • Jul 12, 2010 2:34am Jul 12, 2010 2:34am
Quoting kraven
Owl's a 'commercial member' so i bet it's his
Maybe so.
But in many years, and also knowing many traders there has not been one commercial system that I have found to be consistantly profitable for myself or others I know.
  • #16
  • Jul 12, 2010 2:42am Jul 12, 2010 2:42am
Quoting terminex
Maybe so.
But in many years, and also knowing many traders there has not been one commercial system that I have found to be consistantly profitable for myself or others I know.
I know of 2 fulltime traders who use exclusively 1 of the systems under test here. 'Forex Powerband Dominator'. I'm not saying they follow it to the letter, but over time just concentrating on this system and getting to know it, they've done very well for themselves.
  • #17
  • Jul 12, 2010 2:43am Jul 12, 2010 2:43am
Quoting terminex
What is the best one around?
Hard to tell, quite many systems work if rules are followed (FxPro, ForexSnipers etc), but they are not perfect. Good and helpful for beginners, later a trader probably moves on and finds his/her own indis and rules.


But if I have to name one - it's free system, CatFX50, Google it.
  • #18
  • Jul 12, 2010 2:51am Jul 12, 2010 2:51am
I d like to ask something maybe stupid but its just turning me OFF...
why all commercial systems are presented on a site with the same template...
meaning long long page full with crap quotes...
is it so hard to make a clean website without this automatic forms like "ORDER nOW" ...
  • #19
  • Jul 12, 2010 2:56am Jul 12, 2010 2:56am
Quoting Swamp Owl
Hard to tell, quite many systems work if rules are followed (FxPro, ForexSnipers etc), but they are not perfect. Good and helpful for beginners, later a trader probably moves on and finds his/her own indis and rules.


But if I have to name one - it's free system, CatFX50, Google it.
thanks for that.
  • #20
  • Jul 12, 2010 3:13am Jul 12, 2010 3:13am
Morning Guys.


Ok I'm testing the Forex Powerband Dminator system, Just a very quick breif overview the system uses 3 indicators which are stochastic, bollingerbands and moving averages which are E365 and E200 both applied to close. The trades are taken in conjunction with candlestick patterns, also support and trendlines play a big part if you are looking to get what's called A+ setup otherwise the trades are regarded as B setups. The system does work on anytime frame but its reccomended to be used on the 4hr charts I am howver going to post on the lower timeframes as well.
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