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Attachments: Back test starting from $100 to over 180 million
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Back test starting from $100 to over 180 million

  • #21
  • May 16, 2015 12:56am May 16, 2015 12:56am
Quoting ibthescottyb
I've been on this forum a long time and seen alot of strange things. Learning different things from so many different people from all walks of life. Using those tips and tricks and what I have gathered on my own research, I started creating my own MT4 expert advisers. To date, I have designed EA's, indicators, systems, etc. I will be the first to admit that each of the trading systems I have designed failed at some point. Martingale Trading systems eventually blow an account, Time Based Trading does not hold up to the test of time (no pun intended)....
Hey Guys
here is this robot:
never trust this robots I can give u many similar robots making 1 million dollars from 30 dollar in a monnth in backtest and sometimes in demo forward test
but in live account they all fail
the reason is spread slippage which is fixed in demo and backtest but in live accounts it is killing every scalping robot
another similar robot to this is angry beaver
u can find it in mql5.com
it makes 1000000 dollar in a month but in live account it help you loose faster

Attached File(s)
File Type: zip FX Rogue Wave 2.3 Trial.zip   490 KB | 1,444 downloads


if u don't know about robot and want to buy a robot, before paying for any robot send me a backtestable version of the robot and I will test it and tell you why that robot can not make money in real accounts
I tested thousands of robots and have good experience in rejecting robots and not letting the sellers to fool us
  • #22
  • May 16, 2015 12:58am May 16, 2015 12:58am
Quoting profitkeeper
I noticed on your charts that the spread was "0", and on the back test the spread was 2, which I believe on the new versions of MT4 is actually .2pips. Either way the spread should be more realistic.

Hi Profitkeeper, as I mentioned in an earlier post, I took the screenshots from a backtest I ran just before creating the post to show Fred the EA in operation. If I were to run it during trading hours, the screen shot spread would be different. I used a 2 pip back test as that is the most general spread for the EURUSD. My broker averages around 1 pip. SO in theory, it should be more profitable for me when I go live.
  • #23
  • May 16, 2015 1:02am May 16, 2015 1:02am
Quoting fredgold3434
ok so please tell us here what can we followers do for you or what are you expecting from us to do for you to make your EA performs better? regards fred
Well, the forum had to start somewhere. Once I have a few more days of forward testing, I will post the EA for testing in the forum with some of the non-essential variables removed so we all can focus on what makes money in at least a demo situation.
  • #24
  • May 16, 2015 1:04am May 16, 2015 1:04am
Quoting tablet8
{quote} Hey Guys here is this robot: never trust this robots I can give u many similar robots making 1 million dollars from 30 dollar in a monnth in backtest and sometimes in demo forward test but in live account they all fail the reason is spread slippage which is fixed in demo and backtest but in live accounts it is killing every scalping robot another similar robot to this is angry beaver u can find it in mql5.com it makes 1000000 dollar in a month but in live account it help you loose faster {file} if u don't know about robot and want to buy...

Hi Tablet8, that is one of my older ones that was used to get to where we are today. It had many failures over the long term, but has its value if you want to trade a channel. I thought I wanted to use my design skills to make an income selling EA's and that was one of my first attempts. Now I want to focus on trading, and if my designs can help others...then maybe this is it. If not, I'm not going to stress about it as my results show I have something worth value to me.
  • #25
  • May 16, 2015 1:37am May 16, 2015 1:37am
Quoting ibthescottyb
I've been on this forum a long time and seen alot of strange things. Learning different things from so many different people from all walks of life. Using those tips and tricks and what I have gathered on my own research, I started creating my own MT4 expert advisers. To date, I have designed EA's, indicators, systems, etc. I will be the first to admit that each of the trading systems I have designed failed at some point. Martingale Trading systems eventually blow an account, Time Based Trading does not hold up to the test of time (no pun intended)....
now I tell you the truth that this guy robot is Scam:
first: his broker is a 5 digit broker(look at his backtest you will see it) and the spread for backtest is 2 in the photo that means the spread is almost Zero in his account and fixed during backtest, this is impossible in live account
(if u dont accept zero spread: example: bid price= 1.11750 ask price =1.11752 how much is the spread? 75-75=0 + 0.2 )
I have ecn account even in ecn account the minimum spread in a complete flat market is 0.8 +mimimum .1

second reason: spread slippage this is the main reason that the robots use to produce such fake results in backtest
because there is no spread sippage in backtest
last month I put a similar robot like this on my real account it was doing great but the spread slippage didn't let it to make any profit and it loose a little in the end , but in my back test it changed 20 dollar to 2154545 dollar in only one month.
so the reason was spread slippage which is a game of brokers
briefly never purchase any robot without backtesting and for back test follow my rules:
first: download tick data from data center of mt4, if u could not, ask your broker and they will send you the full data history
second: and very important: always change the spread to at least 20, it is better to use 30 Point (20 point = 2 pips spread)
third: if the robot was big candle or news robot or scalper robot change the spread to even 50 point and see the result again
fourth: never use big balance like 1000000 dollar for back test because it is only for fooling ourself and it produce fake drawdown, use logic balance and lotsize in testing
fifth: after finishing backtest , look at drawdown if it was more than 40 , forget that robot
sixth: if condition 1,2,3,4,5 were all good, then look at trade history, for example if u see that there is no stoploss and some orders were open for many days then forget that robot
seventh:
remember there are good robots which can give you for example 5 % a month (but with very big account), now: are you satisfied with 5%? if yes , u can use that robot on vps server !
there is also other factors before using robots in live account which u'll find by some practice
  • #26
  • May 16, 2015 1:43am May 16, 2015 1:43am
Quoting tablet8
{quote} now I tell you the truth that this guy robot is Scam: first: his broker is a 5 digit broker(look at his backtest you will see it) and the spread for backtest is 2 in the photo that means the spread is almost Zero in his account and fixed during backtest, this is impossible in live account (if u dont accept zero spread: example: bid price= 1.11750 ask price =1.11752 how much is the spread? 75-75=0 + 0.2 ) I have ecn account even in ecn account the minimum spread in a complete flat market is 0.8 +mimimum .1 second reason: spread slippage this...

I can see that posting backtest results trying to open a forum was a waste of my time. And yours that I apologize for.
  • #27
  • May 16, 2015 1:49am May 16, 2015 1:49am
Guys for the sake of God
Don't pay for scalper robots
2 month ago a saw a trader (who was from my country and my language) he had purchased a scalper for 2500 dollar
but he was loosing money everyday in his live account with the robot.
the reason was spread and spread slippage in live account
  • #28
  • May 16, 2015 1:52am May 16, 2015 1:52am
Quoting ibthescottyb
{quote} I can see that posting backtest results trying to open a forum was a waste of my time. And yours that I apologize for.
next time don't post backtest
upload your backtestable robot (demo version)
so everyone can tested it
and no one will be fooled

(sorry for low quality english, I am originally Kurdish, y'know Kurds are always pure and simple and always fighting for truth and peace)
  • #29
  • May 16, 2015 1:59am May 16, 2015 1:59am
That was the plan - but don't need the headaches. I can do this myself.
  • #30
  • May 16, 2015 2:09am May 16, 2015 2:09am
hi tablet8
he did not set any price to sell it yet.and even if he would sell it,its up to everybody choice to buy it or not.i personally never ever pay for any system or robot and in future wont neither.
reason is if there is a robot can make good profit,the creator does not need to sell it.he can just make money with it simply.and he does not need headache dealing with customers and so on.
regards
fred
  • #31
  • May 16, 2015 2:14am May 16, 2015 2:14am
Quoting ibthescottyb
That was the plan - but don't need the headaches. I can do this myself.
Friend:
for your broker (5 digit broker)
10 point = 1 pip
20 Point = 2 pips
15 Point= 1.5 pips

the minimum spread is usually 2 pips which means 20 point, in back test you enter the Points not pips
please first learn this basics then backtest robots
  • #32
  • May 16, 2015 2:21am May 16, 2015 2:21am
Quoting fredgold3434
hi tablet8 he did not set any price to sell it yet.and even if he would sell it,its up to everybody choice to buy it or not.i personally never ever pay for any system or robot and in future wont neither. reason is if there is a robot can make good profit,the creator does not need to sell it.he can just make money with it simply.and he does not need headache dealing with customers and so on. regards fred
it is true that he didn't talk of selling but maybe in his private messages his asking money from novice traders for the fake robot;

I just wanted to aware novice traders not to buy robots , no matter from here or from mql5.com or from other sites.
and I tried to teach the correct method and rules for Robot backtest before purchasing, for newbies of course.
  • #33
  • May 16, 2015 2:22am May 16, 2015 2:22am
Quoting ibthescottyb
That was the plan - but don't need the headaches. I can do this myself.
I hope you won't let one bad seed ruin it for all of us. I thank you for creating this thread about your Ea and would love to try it out sounds very interesting. Thank you
  • #34
  • May 16, 2015 2:49am May 16, 2015 2:49am
Quoting forexaz
{quote} I hope you won't let one bad seed ruin it for all of us. I thank you for creating this thread about your Ea and would love to try it out sounds very interesting. Thank you
Oh no, I won't let a bad apple spoil the batch. But, I am human and comments sting. Which is why I have waited for several years before even considering posting one of my designs in a public forum that I have been using for as many years. I don't like being accused of scamming, when I have spent considerable money on programmers to come up with putting my ideas into code and I was willing to share it. But self admittedly was premature in posting the results. I just liked what I saw.

But,the reason for bringing to public forum is that I know I have a solid design...to a point. Tablet8 brought up two very important points.

1. There was a time when I was a noobie trader (and still consider myself one) that I thought I created the holy grail and thought I could rush to market right away. Only to find out that there was a flaw "somewhere". I am grateful that I never sold my designs as after going live with them myself and losing money and not understanding why, I pulled them down. Which is where he got version 2.3 Trial from. that was an attempt to let people run with my EA for free without having to buy them than have to request a refund as we all have done in the past, but I never received any feedback from anyone who used it. So I kept working on my own.

2. LOL. Tablet was also right on the spread on the backtest. I have been testing EA's for so long (prior to the NFA changes of 2009 and 5 digit brokers), I never knew to use 20 instead of 2. Talk about a lightbulb moment. My EA today does not work when setting to 20 with CURRENT settings.

So. With that being said. I will post my EA here for testing by all. BUT, in creating it, there are many variables controlling channel depth, time entries, parabolic exits, etc. For all of you to test it, I am going to have to write a detailed USER GUIDE so everyone will know what I was trying to accomplish.

How does that sound?
  • #35
  • May 16, 2015 3:09am May 16, 2015 3:09am
Quoting forexaz
{quote} I hope you won't let one bad seed ruin it for all of us. I thank you for creating this thread about your Ea and would love to try it out sounds very interesting. Thank you
You mean I am the bad seed!
Ok, Go try or purchase some Robots like this and put them on your account
and I hope after a week or month or year u find the truth.

(( the truth which I revealed in my previous posts .))
  • #36
  • May 16, 2015 4:00am May 16, 2015 4:00am
@ ibthescottyb

Your conclusion is excellent - let's try and test -

I know it's hard work to build an EA and be successful - but the work you've done already is very much appreciated and should have an happy end.
Nevertheless tablet8 is right to test EA's with spread calculation.

Thanks!
  • #37
  • May 16, 2015 4:15am May 16, 2015 4:15am
Quoting ibthescottyb
I've been on this forum a long time and seen alot of strange things. Learning different things from so many different people from all walks of life. Using those tips and tricks and what I have gathered on my own research, I started creating my own MT4 expert advisers. To date, I have designed EA's, indicators, systems, etc. I will be the first to admit that each of the trading systems I have designed failed at some point. Martingale Trading systems eventually blow an account, Time Based Trading does not hold up to the test of time (no pun intended)....
Back test quality 25%, profit factor 1.23, scalping EA = 100% losing EA on real market, slippage will kill this EA. There are hundreds EAs with similar back test in the internet and all are losing money on real market.
  • #38
  • May 16, 2015 4:20am May 16, 2015 4:20am
hi tablet8,,,
thanks for ur advice bro...
  • #39
  • May 16, 2015 4:32am May 16, 2015 4:32am
"If the ea only makes a portion of the 100$ to 180.000.000$ on a consistent basis i might need to look for serious souls(buyers of this ea)"
  • #40
  • May 16, 2015 6:03am May 16, 2015 6:03am
Send me the EA, we'll set it up on one of my servers and let it run with real money.
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