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Thread: Euro-Blaster

  1. #41

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    Quote Originally Posted by finimej View Post
    stoploss put to 300 pips only to get the 25 pips profits target. This risk/award ratio is not ok for any trading business.
    Developer Demo forward testing result is here
    MT4 Stats - Share your MetaTrader 4 Statements with the world

    User demo forward testing here,
    MT4 Stats - Share your MetaTrader 4 Statements with the world

    My test result is that the blaster has good winning ratio, and just like any scalper, it get caught sometimes with one large lost, that wiped out 15 winners. 1 loser than wiped out 15 winner with default setting on EURUSD M5. completed report from backtest with default setting.
    my test can be download here http://www.formulatrader.com/downloa...r_EURUSDM5.zip

    I'd like to know what god damn settings are being used in these statements by the developer. My statements looks nothing like this! Any ideas?

  2. #42

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    I'm simply using the aggressive set that comes with Euroblaster v2.
    I get results like the developer's.

    So far, and despite a few hairy moments, it turned $1000 into $2300 in about 3 weeks. I could at this point, withdraw my inital investment and let the EA blow itself up.

  3. #43
    Member
    Join Date
    Jan 2009
    Posts
    261

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    Quote Originally Posted by Neo-Rio View Post
    I'm simply using the aggressive set that comes with Euroblaster v2.
    I get results like the developer's.

    So far, and despite a few hairy moments, it turned $1000 into $2300 in about 3 weeks. I could at this point, withdraw my inital investment and let the EA blow itself up.
    which broker?

  4. #44

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    FXDD, but seriously, I wouldn't use them. I'd use a broker with lower spreads.

    I dunno, but the aggressive way I'm running Euroblaster, it is one hell of a ride.
    On Friday night (Again!) it opened 5 trades which JUST missed their target take profit line (perhaps because of the broker spread!) - dropped down into negative 30 pips over the weekend, and now the EURUSD pair has taken all 5 trades DOWN into a loss of about 70 pips.
    Thing is, I looked at using the break-even function of the EA, but wipe-outs were still wipe-outs, regardless of break-even, and the profit margins just took a cut, making the new feature somewhat useless really.

    I have a feeling the pair will go back up again, but still.... it's not one trade going down to 130-pips this time, it's all 5 open orders.

    Euro-blaster isn't for the faint-of-heart.

  5. #45
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
    Posts
    631

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    THis EA is far to risky, it can make money fast but you can lose it all much faster, there are much safer EAs out there that may not make as much money as this one fast, but you certainly will not lose it all either!

    Quote Originally Posted by Neo-Rio View Post
    FXDD, but seriously, I wouldn't use them. I'd use a broker with lower spreads.

    I dunno, but the aggressive way I'm running Euroblaster, it is one hell of a ride.
    On Friday night (Again!) it opened 5 trades which JUST missed their target take profit line (perhaps because of the broker spread!) - dropped down into negative 30 pips over the weekend, and now the EURUSD pair has taken all 5 trades DOWN into a loss of about 70 pips.
    Thing is, I looked at using the break-even function of the EA, but wipe-outs were still wipe-outs, regardless of break-even, and the profit margins just took a cut, making the new feature somewhat useless really.

    I have a feeling the pair will go back up again, but still.... it's not one trade going down to 130-pips this time, it's all 5 open orders.

    Euro-blaster isn't for the faint-of-heart.

  6. #46

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    Two weeks in a row now EB has opened a trade on Friday (right before the market closes), left it open throughout the weekend and then stopped out on Monday. I have my stop at 100. Both weeks it's lost more than it's made. I just turned the Friday trading option to false...

  7. #47

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    Actually, this latest trade from Friday night seems to have recovered somewhat, now just teasing with the buy line again, HOWEVER it took all 5 trades down as far as 110 pips before clawing back.

    Adjusting the stop-loss of this bot is not a good idea. You'll note that in backtesting that altering it to something small ruins its profitability. In fact, using anything but the set files included ruins the EAs profitability. You have to let it make gratuitous use of that stop-loss space.

    As said before -- the bot is panic inducing. If youare going to use it then only despit a small amount you can afford to have trashed (say $1000) and then let the EA run and forget about it. The more you look at this one working, the more it will distract you from your real life -- as always is the case with robots that take risks like this one.

    UPDATE: Phew, finally back into profit again, and all five trades closed. This EA survives another day.
    When my account detonates itself from this EA, this thread will be the first to find out.
    Last edited by Neo-Rio; 06-30-2009 at 03:46.

  8. #48

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    Alright, I bumped the stop to 200. I thought the developer stated in his pdf that he liked to use 100 as a stop. But, it definitely doesn't seem to be working well.

  9. #49

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    Euroblaster is once again taking all 5 trades into 100 pip-drawdown today... and to top it off, there's economic data of importance from both EUR and USD coming out. Fortunately there is an option expiry around the 1.4250 mark which will put the trades into profit, but there's a larger one around 1.4000 that may draw attention, and THAT will shove the trades down another 100 pips before flinging them back. So far this is probably the scariest day of trading this bot, but I am getting used to it.

    I think you will have to get used to Euroblaster doing this kind of thing on occasion. Some trades finish up really quickly, but other times you'll have it pull trades the wrong way before flinging them back into profit.

    Maximum profitability is when the stop is at 350, but most of the time, it never gets close to 300.

  10. #50

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    Yes Its A bit Like That.
    Risky EA,
    I've Turned It Off,
    Like Neo & Wannaberich,
    I Have Megadroid & Its The Real Deal,
    Does'nt Trade A Lot But It's Consistent,
    I Have,nt Hit A Stop Since I Bought It,
    That Was Early April,
    For Once Its Not Hype Its Real.

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