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Thread: "Drain the banks" scalping method by TRO

  1. #21
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    Ok very nice results, but not very realistic in live trading. Notice how the spread for the eurchf is only 1 pip and the eurgbp is 2 pips consistantly. How many brokers offer that, i have never seen any.

    It looks a bit unrealistic if you ask me!

    I would like to see this system traded using proper spreads, like 3 to 6 pips, then lets compare results!
    Last edited by wannaberich; 05-14-2009 at 09:20.

  2. #22
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    this is the corect link to the expert system being traded i believe!

    http://www.expertadvisor.cn/2009/04/...isor-isea.html

    Quote Originally Posted by jackdan View Post
    Hi Secret, nice to see you here too!

    Well, the ea is Investiva Super Expert Advisor from w*ww.expertadvisor.cn/2009/04/investiva-super-expert-advisor-isea.html.

    we actually beleive that this ea is made following the signals given by tro's indicators.

    Maybe funyoo could have a look at this.

    It looks highly profitable.

    regards

  3. #23
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    I think the biggest chalenge for this system is finding a reliable broker with these low spreads -
    I noticed the EA is not taking the 5 pips TP but a trailing of a few pips as soon as it enters the green

  4. #24
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    having 1 pip spreads is not realistic when it comes to live trading. I would love to see how this system performs in live trading using wider spreads, but i guess there is no way of finding out unless someone joins his service.

    I think an EA could be created to trade the same way it is, however not really sure how it would go with the wider spread issue, but would be interesting to find out.

    Maybe funyoo can create something very similar who knows

  5. #25
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    Also don't forget the system uses a hedge strategy, it places buy and sell at the same time basically and with the new hedging rules i am not sure if this system will work or not on live.

  6. #26
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    it would be valid as long as it is "oco" order. That is not considered hedging.

  7. #27
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    Yeah good point. But i am not sure if that is what the system is using or not!

    Quote Originally Posted by jackdan View Post
    it would be valid as long as it is "oco" order. That is not considered hedging.

  8. #28
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    Quote Originally Posted by AZJeff View Post
    I am sure if one of you would post entry and exit rules for this system
    then I would think Funyoo would try to do it. Just asking anyone to say look at this and can an ea be coded from it will never work. At least you can do some work and give Funyoo or another coder entry and exit rules to look at. Also, All anyone has to do to see that demo account would never work on a live account is just get an account copier ea (use google search and you will find one) and try to copy
    it on your live account. Then you will see it will never work on a live account.

    Regards,
    Jeff
    By your statements, it would appear that you have not diligently read the thread right from the very beginning. Its only two pages worth!!!

    If "one of us" had entry and exit rules to look at, I would not be spending my time making a video of a test account that provides no background information and from which one cannot derive anything about the EA other than the visible price action.

    So, why don't YOU follow the bouncing ball and download the platform and log into the account with the information provided on the first page; run the platform on your monitor and THEN issue your own personal opinion as to how well you think it will or will not work.

    Personally, I don't think it would produce the monetary gain that is reflected in the test platform for most traders due to the spread and/or broker policy. If it DID produce that much in such a short timeframe in a real account, you would probably be labeled as scalper and they would find a way to put an end to your cash flow.

    Having said that, it does not mean that a "similar" system cannot work to some degree and that is why people are trying to figure out what makes this one tick.

    GF

  9. #29
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    Quote Originally Posted by wannaberich View Post
    Also don't forget the system uses a hedge strategy, it places buy and sell at the same time basically and with the new hedging rules i am not sure if this system will work or not on live.
    The EA is not opening buy and sell orders simultaneously. So the hedging rule does not apply. It places buy and sell limit orders and when one is closed, and positioning of the orders is adjusted and a new limit order is placed to replace the one that closed. It has had its share of losses.

    As I said above, I agree that for most traders it would not be possible to obtain similar results due to the narrow spread that is apparent in the test platform.

    By the way, the spread is not always the same on the test platform either. It fluctuates. The only constant is the SL which is 29 pips.

    Regards,

    GF

  10. #30
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    Ok i see, yes looks interesting, but i think just about any system would perform well using 1 pip spreads to be honest. It would be interesting to see this system trading live with a wider spread!

    Quote Originally Posted by Goingforward View Post
    The EA is not opening buy and sell orders simultaneously. So the hedging rule does not apply. It places buy and sell limit orders and when one is closed, and positioning of the orders is adjusted and a new limit order is placed to replace the one that closed. It has had its share of losses.

    As I said above, I agree that for most traders it would not be possible to obtain similar results due to the narrow spread that is apparent in the test platform.

    By the way, the spread is not always the same on the test platform either. It fluctuates. The only constant is the SL which is 29 pips.

    Regards,

    GF

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