Euro-Blaster has been added to our list of the best EAs. Check the site in my sig. Review is forthcoming but some backtests are up now.
The big drawdown, one losser wiped 13 winners is not ok. This is a very dangrouse EA, I would not put it on my real account.
This test result from your web side, is very similar to the one that I backtested.
With a win-loss ratio as high as Euro-Blaster has, it can still make nice profits. As the chart you eagerly show reflects, Euro-Blaster has a 100% gain in about 4 months in 2009. I guess that is not good enough for you so you have posted it as evidence of your position?
In 2008, backtests show over a million dollars being made from $10k with a 200 pip SL. Yes, I know its "only a backtest", but our live forward tests have shown excellent results as well. The Euro-Blaster site has several live accounts running on mt4stats where you can take a look for yourself.
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
User demo forward testing here,
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
Last edited by finimej; 05-10-2009 at 15:51.
FAP Turbo, which I suppose you don't like either, has a much higher SL to TP ratio -- about 18 to 1. Euro-Blaster has as high or higher win percentage than FAP Turbo with a much, much lower SL to TP ratio.
Good luck in your trading.
Just thought i'd say what a brilliant job you've done with your website, Mike. I like the fact that it is independent and honest review of some of the best EAs. The live forward tests on MTstats are the best things as you dont need to believe the hype - you can see results for yourself!
Keep it up!
who by eurobluster. good results for you? if respnse please.
why no anwsers? trader help tradre? please
I'm running Euroblaster as well, and yes, the 200, 350 stoploss is somewhat phenomenal, and more than most traders can bear. It even mentions in the manual that you'll have even BETTER resultrs with a 500 stoploss. Holy heck!
Kinda reminds me of that crazy steinitz MTF EA that probably would have been more profitable if it had a reverse option!
I'd be careful with it, and make sure that you entire account has some kind of equity management controlling all of your trades. I think there is some built into the EA but I will have to double check that. It also has an option in there for managing profit targets as well.
The demo account from the author hasn't lost any trades.... yet. How much can you trust these? All it takes is for one wipeout to kill your profits, and it's back to square one.
What I have noticed about it, while running it simultaneously on a live EA and demo, is that it won't place trades if it doesn't think it can survive them. It will not open trades if your margin is too high (due to other trades being open) for it to survive. This is nice to know.
Some EAs are selfish and think that they're the only EAs on the block and open fresh trades indiscrimiately of margin. Fortunately Euroblaster is not like that.
Also like to point out that the backtest on the euroblaster website was only run for one year. That's great if this year continues like last year, but I can tell you it won't. I've seen backtests optimized for one year make you rich, and when the optimized settings are run on a different year's data, it wipes out accounts. I tried a ten year backtest, and starting from the year 2000, $10,000 didn't get far at all. The account was wiped out in a year.
On a backtest, $1000 is not enough to survive a drawdown and consequent wipeout. You'll need $10,000. Megadroid is a lot better with smaller live accounts.
If you have less than $5,000 then I strongly suggest NOT using the aggressive preset file.
I also don't see it turning $10,000 into a million in one year. (At least from 2008.05 until 2009.05 which is the time period I backtested). more like $10,000 to $50,000 though. Either way, it's a long term earner.
Wish U good luck! You'll need it.
Last edited by Neo-Rio; 05-22-2009 at 06:08.
thank you for respense. first time!