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BackTest Data .dat 1 reply

Attachments: 4X-DAT
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4X-DAT

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Opened this account 18th September, after 3 days trading in profit 2.37%
Respect the inescapable certainity of Math
I have been following Dat for a few month. Personally I would not touch it. Some of the Dats have had huge Drawdowns.. Dat can work for a long time but is likely to get wiped out at some stage. You are risking a margin call to make 1 to 1.5 percent profit every new cycle. It would have to be tested for a long period of time before one can say if its profitable or not.
In my view its similar to a martingale system. They can look great for a long period of time but at some stage they always get wiped out.
Quoting Sportspunter
I have been following Dat for a few month. Personally I would not touch it. Some of the Dats have had huge Drawdowns.. Dat can work for a long time but is likely to get wiped out at some stage. You are risking a margin call to make 1 to 1.5 percent profit every new cycle. It would have to be tested for a long period of time before one can say if its profitable or not. In my view its similar to a martingale system. They can look great for a long period of time but at some stage they always get wiped out.
Sportspunter,

After years of bad experiences with EAs and Robots I can relate to your thinking towards automated training. However, Strategy 5 which many of us are trading live, has been running for 21 months successfully and it has not had a single losing sequence of trades. The historical data on the draw downs do not approach the "huge" type of draw down you reference in your post. Admittedly, some automated systems do, and I have experienced horrible results with the EAs and Robots marketers have hyped over the years. The 4X-DAT can use some, or all, of the indicators contained within the TS Matrix (the combination of which is proprietary). See below:

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Since no one is privy to the algorithm the 4X-DAT uses (see the website for the thousands of lines of code and development process discussion) all customers really have to base a decision upon is the past performance. Like you, I watched, observed and researched the 4X-DAT, also known as doing your own due diligence, to determine the trustworthiness of the company AND the software. I pulled the trigger earlier this year and am glad I did.

As to draw down and "wiping out an account" you mention, with the Trade Recovery Zone concept programmed into the software, many of us have seen first hand in our live accounts the ability of the software to hedge its way out of draw downs. Another of my live accounts has seen a MAXIMUM draw down of 1.7% during the life of the account and has had no losing sequences or even come close to the margin call you reference.

Thanks for your post. It's always good to hear all sides of a discussion. If the 4X-DAT software genuinely causes you concern, then you would be wise to "not touch it".

Take care,

Z
After 4 days trading
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Respect the inescapable certainity of Math
Quoting Zoopots
{quote} Sportspunter, After years of bad experiences with EAs and Robots I can relate to your thinking towards automated training. However, Strategy 5 which many of us are trading live, has been running for 21 months successfully and it has not had a single losing sequence of trades. The historical data on the draw downs do not approach the "huge" type of draw down you reference in your post. Admittedly, some automated systems do, and I have experienced horrible results with the EAs and Robots marketers have hyped over the years. The 4X-DAT can...


Zoopots... I agree that DAT 5 has performed okay but its to early to tell if it works long term. You have to believe trust the seller for past results. All I go by is data since Dat has been made public and some of the DAtS have had huge drawdowns. Even DAT 5 had some gig Drawdowns.

DAT 2 and 3 had have had 100% drawdown.
DAT 6 currently 190K drawdown on a 190K account.
DAT 8 currently 70K drawdown on a around 60K account.
DAT 9 currently 65K drawdown on a 65K account.

This Global Accounts must be combined because they can have more than 100% drawdown,

If there is a DAT which has small drawdowns over a few months period time i may consider getting it. However before then I think this type of no Stop/Loss system is much to risky as it will wipe out accounts in the long term.
Maybe the new DAT 8 Hybrid will perform better with smaller drawdowns.

As long as you are all aware that its always possible to get margin calls with this type of no Stop/Loss Systems.

Cheers and good luck with your trading
After a week of the 4X DAT trading 4% return
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I'm very happy with that result
Respect the inescapable certainity of Math
No new Global Closes since Post #35.

Currently 10 Harvester positions open with $150.00 needed for the Global Close. Closed Harvesters so far:

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Current MyFxBook statistics below. Account has been running for six weeks.

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Today's Update


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September End of Month (EoM) 4X-DAT Strategy results.

Note: These results only include banked profit (profit resulting from a Global Close...open Harvesters are not included). Additionally, I will begin tracking the new Strategy 8 (Hybrid Strategy 5 which is tweaked to include a trending as well as a ranging market).

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I had a couple of questions as to the presentation of the software reference the Closed Deals and Open Deals menus. Referencing the picture below you can see that the math is calculated like this:

Add your Profit Target to the sum of the Open Deals + Closed Deals and this will equal the "Profit needed to Close All Deals", ie a Global Close at Profit Target.

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Pretty interesting, and a confidence builder, to watch Strategy 8 trade the GBPJPY in the current consolidating market. The picture shows an H1 chart with the beginning of the current sequence in the blue box.

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Account started 2 weeks ago
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Hi

Been away for a week in NZ and the 4X-DAT still trades. Got a global close too
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Respect the inescapable certainity of Math
Oh my god for monthly 2% risking a margin call?. I better put in my savings and relax. who knows when it will come out of drawdown. one long term consolidation will reset the account to zero
Quoting rishimaxi
Oh my god for monthly 2% risking a margin call?. I better put in my savings and relax. who knows when it will come out of drawdown. one long term consolidation will reset the account to zero
Most users of the software have or are doing our own due diligence. Strategy 5 has been running for 21 consecutive months and has successfully managed no less than five "long term consolidation" periods. All have resulted in Global Closes at Profit Target. In fact the majority of 2014 has seen the GBPJPY in a 500 pip consolidation range and the software traded this horizontal movement extremely well. This is due to the Trade Recovery ability of the software which most novices are not familiar with or haven't studied in detail. Additionally, this Strategy has returned 10% a month for the 21 months mentioned above. A 2% growth is not supported by past statistics and a margin call has not occurred since going live. I like those odds...a lot. We're not here to twist anyone's arm to get involved or buy anything that causes them angst. We're here to post results of our live accounts. For me, I'm more than pleased with the results and the fact that the software allows me to be in control should I chose to get involved with the parameters. I'm not going to fix it if it ain't broke.

Thanks for posting though, it's good to read all sides of an issue.
Its nice that so many people have done so well. My DAT 5 started trading last April 3rd. On Sept 18th there are 15 lines that say global close. Good news I guess except that I was still $300 in the red from where my account started. That is frustrating. Five months and still no profit. Grrr. The up side is that after a draw down to almost 50% of my account it recovered most of what was originally lost.
Quoting OldTruck
Its nice that so many people have done so well. My DAT 5 started trading last April 3rd. On Sept 18th there are 15 lines that say global close. Good news I guess except that I was still $300 in the red from where my account started. That is frustrating. Five months and still no profit. Grrr. The up side is that after a draw down to almost 50% of my account it recovered most of what was originally lost.

OT,

Would you consider linking your DAT 5 account to MyFxBook? I think we all could benefit from seeing the statistics of your account from its inception, including the plotted draw downs. It might also be worth an email to support to ensure all of the parameters in your Harvester have been correctly entered. I'm really curious what your DAT 5 software did during the GBPJPY run north of 700 pips that occurred around the 16th of Sept, it sounds like that's the area of your Global Closes. Also, are you trading the Hybrid DAT 5 Strategy (which is being called Strategy 8 now)? An update to my Post #51 in this consolidating market now shows 189 Closed Deals at a value of $675. It might be worth checking which Strategy is programmed into your account.

Best regards,

Z
Hi, I am interested in this software but i have 2 questions:

Which broker does this software work with?
How fast does this software can grow my account?
How long does it takes to double my account balance?
How much does the software cost?
Thanks
Quoting Zoopots
{quote} Most users of the software have or are doing our own due diligence. Strategy 5 has been running for 21 consecutive months and has successfully managed no less than five "long term consolidation" periods. All have resulted in Global Closes at Profit Target. In fact the majority of 2014 has seen the GBPJPY in a 500 pip consolidation range and the software traded this horizontal movement extremely well. This is due to the Trade Recovery ability of the software which most novices are not familiar with or haven't studied in detail. Additionally,...
Trade recovery is a simple hedging nothing new.Its similar to surefire streategy. No big deal algorithm. In fact it is same as closing the trade which goes negative and enter opposite order with higher position in order to cover that loss. Joseph nemeth made it like new discovery and made this money machine to make money for him.As old truck said 50% drawdown 3 months is makes trading worse. How if the consolidation goes longer, it will blow out account slowly. This method is a slow poison. Where you suffer long time and die.Sorry no offense.
  • Post #60
  • Quote
  • Edited 5:11am Oct 6, 2014 4:57am | Edited 5:11am
Quoting Zoopots
{quote} OT, Would you consider linking your DAT 5 account to MyFxBook? I think we all could benefit from seeing the statistics of your account from its inception, including the plotted draw downs. It might also be worth an email to support to ensure all of the parameters in your Harvester have been correctly entered. I'm really curious what your DAT 5 software did during the GBPJPY run north of 700 pips that occurred around the 16th of Sept, it sounds like that's the area of your Global Closes. Also, are you trading the Hybrid DAT 5 Strategy (which...

I have tried to set up MyFxBook several days ago but I haven't had any luck with that. My account is in MB Trading. Does MyFxBook even work with MB?

It isn't clear to me which platform to select when setting up MyFxBook so I'm stuck right at the start. I remember being warned not to select MetaTrader 4 when setting up the MB account and if I select cTrader to connect to MyFxBook it doesn't recognize my MB account information so no luck yet. Any ideas?

When I finally got my first Global Close I explained to support that I wanted out of DAT 5 ASAP and I think I told them about the long wait for Global close and still beint in the red after the Global but they only commented on the procedure for changing DATs at the next Global. If they went in and tuned up my DAT I am not aware of it. Now I'm waiting for my next Global so the stop trade command will be invoked and it can switch to Hybrid DAT 5. I HOPE that won't be another five months coming.

If I sound frustrated its because I am. It seems all you hear about is how well everyone (else) is doing. Meanwhile I'm going nowhere.
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