Have you seen our live tests page? Please login or register. Home Forum Help Login Register. Has someone live trading experience with this one? There is no stop loss and no way to get out of a long losing trend. So you either need a lot of luck or very deep pockets to handle multiple drawdowns. It opens a new trade every 20 pips. So if your oldest drawdown is 1, pips, you will also have drawdowns at , , pips and so on.
A total of possibly 30, pips. Work out the cost of 1 pip at your lowest lot size then multiply this amount by 30, Can you afford it? It does have stop loss at the setting of the users choice. It says right on the page: Clearly getting the direction wrong is a big risk. It opens a trade every time it closes the previous one. It looks like a cool tool in conjunction with a good indicator to pick the trend direction.
It would be good if you could vary the pip spacing so you could stack trades on top of each other in a trend but it doesn't do this.
Check out this use of it to great effect riding the EU short for the last month: Being unable to use any other trend setting direction than MACD at present, it seems it would work best more like a semi-automated strategy. It could be run as a scalper in short bursts or on the daily chart for long wide grid spacing trends.
Forex traders don't really understand this Grid Trend trading EA. It is not a plug and play EA that you set and forget. So you might not use it for a while and when the market trends you will activate it.
It is also used to win Forex trading competitions and scalp etc. If you are reasonably sure of the direction you will make a killing - if not it will wipe you account out. It also makes money is sideways markets. They took the top 2 places So please evaluate it as a trading tool to be used by highly experience traders - that's the way it has been designed. Why is Forex like a Doctor - They both need patience.
Expert4x on April 24, , April 25, , Yes, the vendor said the right thing that this EA for very experienced trader. A trader who have the ability to detect the right trend every time can use this EA.
So I have been rejected from using this EA as I am not so experienced. Though it is trend multiplier claimed by vendor but I am sure it will be loss multipler for me. I see a number of participant are realising that EA have more functions than mindless plug and play profit making as advertised in the Forex industry creating these unrealistic expectations.
This EA does not trade for you. You use it to trade when appropriate. So don't try to evaluate it using your plug and play standards.
Evaluate it as a trading tool which it is. EA's have many uses. Sometimes we use EA's to find the best testings for manual trading only or we tests and disregard system etc. Automation is only one of many EA uses - not the only one All the Really successful traders in our group use EAs as trading tools that only run for the periods they want them to run.
All EA's that run continuously are not effective as they will have lossmaking drawdown periods. We avoid these drawdowns by not using those EAs in bad market conditions. And yes you will make losses if you make the wrong decisions - that's pretty normal in real Forex trading.
The other point of EA's is ownership - when you use or buy an EA it becomes yours. You need to take FULL responsibility for using it successfully. Number one rule for success in Forex trading is: Do not trust anybody - nobody - Only trust your own, personal observations that you have made work for you. Create your own trading systems and write your own EA's.
This has been my experience over the last 9 years. April 28, , Moto Full Member Posts: Expert4x on April 28, , Wall Street Forex Robot by wallstreet. Fidelitas by bearnakedbull [ Today at Wall Street Forex Robot by bearnakedbull [ Today at Wall Street Forex Robot by reinerh [ Today at Wall Street Forex Robot by donbon2 [ Today at April 03, , Logged soulfire Full Member Posts: It is easy to get good results to show potential customers for a short period if you don't use SL whether you have it as a facility or not.
A backtest over a few years with and without stops would be interesting and more useful than anything I've seen on the site so far. April 04, , April 24, , So what you are saying is that if we make money using your ea, it is because it is such a great ea that has won trading competitions.
But if our accounts get wiped out using your ea, it is because we don't have enough experience. Why not add some code to detect the trend, and then show us some backtests and live forward tests? April 27, , I thought the whole point of an EA is that it does the work for you. Anyone experienced and clever enough to detect the right trend every time does not need an EA.
They can just sit at their MT4 and make a manual fortune every day. I just like the fact the EA will only assist you to trade when it is time but much things must be done by the trader I once made that mistake, and after learning I think I should be also contributing to such comments.
April 29, , However, when someone tells me not to trust anybody, it raises red flags and makes me wonder if they are really saying that I should not trust them. Donna's Blog Analysing trades:More...