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Thread: The Forex Monster

  1. #11
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    Is that from their site or is that your back test?

  2. #12

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    That's my backtest.... although the site claims to have been able to make roughly $50,000 from $10,000 using 1 lot size, this is the only backtest period that I could produce to actually verify that claim.

    Sure enough.... if you backtest other time-frames other than the one I presented here, this EA blows up in a very wonky volitile fashion. It seems like it's only optimized for current market conditions (or at least for the last 8 months, which isn't long) - which means this EA will most likely explode once the economic situation normalizes. Assuming the market and global recession continues along like this for another 3 years, you may profit nicely by then.... but, I dunno. I'm going to trade it live anyway with a very small lot size and see what happens.
    Last edited by Neo-Rio; 07-08-2009 at 10:32.

  3. #13
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    So that's the 1H TF, right? Looks pretty good. Let's see how the demos go and of course, keep us posted re your live results. Thanks!

  4. #14

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    Quote Originally Posted by Mac109 View Post
    So that's the 1H TF, right? Looks pretty good. Let's see how the demos go and of course, keep us posted re your live results. Thanks!
    Yep. That's the EURGBP 1H, default settings on FXDD data.

    Here's the Forex monster blog website, as noted in the video documentation:-

  5. #15
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    At least they have a blog that has been updated regularly since launching. They also responded to my support eMail within 1 day, so it doesn't appear to be a scam - sell and hide/run.

    I've got some trades happening on eur/gbp and other pairs, although they are not recommended.

  6. #16

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    Quote Originally Posted by Neo-Rio View Post
    Yep. That's the EURGBP 1H, default settings on FXDD data.

    Here's the Forex monster blog website, as noted in the video documentation:-
    Neo,

    I have a FXDD account, Isn't EurGbp spreads pretty high with them ?

  7. #17

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    Quote Originally Posted by hammy66 View Post
    Neo,

    I have a FXDD account, Isn't EurGbp spreads pretty high with them ?
    They sure are. Fortunately this EA trends, rather than scalps.
    I'm going to run this on another broker anyhow.

    FXDD's spreads are such that you shouldn't bother running a scalper on them.

  8. #18

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    Did some optimizations over the profitable 8 month period. $10,000 start, 1 lot.

    Highest profit:-
    $54740.98
    29.20% drawdown
    65 total trades

    xtraPips=20, hrsAgo=9, SL=150, TP=160 --- which I might add, are the defaults, so at least it is pre-optimized.

    Lowest drawdown:-
    $53421.04
    22.06% drawdown
    60 total trades

    xtraPips=21, hrsAgo=7, SL=160, TP=180
    Last edited by Neo-Rio; 07-09-2009 at 03:56.

  9. #19
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    Thanks Neo! I've updated my settings with those values.

  10. #20

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    High SL always bothered me from experience which eventually cleans out account. But your latest optimization with higher TP appeals to me. Best of luck and let us know if this monster really hauls in the cash


    Quote Originally Posted by Neo-Rio View Post
    Did some optimizations over the profitable 8 month period. $10,000 start, 1 lot.

    Lowest drawdown:-
    $53421.04
    22.06% drawdown
    60 total trades

    xtraPips=21, hrsAgo=7, SL=160, TP=180

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100, backtest, broker, change, demo, eas, eur, forex, high, investment, live, profit, profitable, real, review, robot, scalper, support, test, time, trend, video

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