Did all that was recommended by the vendor including the broker. Nothing but lost one trade after the other. Last email to the vendor more than a week ago and still waiting for a response.
Stopped using the EA. I purchased this EA due to the results shown here as they were quite favorable. For the past month I've had it running on a demo account at forex. The first 2 weeks I had it running, it lost over a third of the demo account in a week and a half.
I came back here to re-read everything just to double check and found the post by John saying to activate the stop loss settings which I then did, and it improved the results but I still had more losers than winners overall.
I tried to tweak and adjust the settings but to no avail, I still wound up with more losers than winners and my demo account, when I stopped it, was down by three quarters of what I started with.
Wound up having to ask for a refund. Unlike the majority of bots, the EA 'reads' the market well and trades accordingly. This inevitably gives rise to numerous losing trades.
I have found however that the winners outnumber the losers in pip terms - is that not what we have all been hoping for??? Admittedly, this EA was a slow starter and the first 5 trades produced mixed results but it is really worth perservering with this one. EA support replied to a query within a few hours and gave me the answer I needed.
I have tried numerous EA's ranging from the truly disastrous to the truly average and this one is easily the most profitable. Definitely 1 step forward and 3 steps back with this. As the other guys have said the winners are big, but are followed by losses which cancel the profits made. I tried this on a live account and once had 11 losses in a row so stopped after a week before I lost money.
HI, I bought this EA. At the outset I have to say they didnt quibble over the refund. So that is in their favour. Its hard to find honesty these days. I backtested it on all the currencies over a year. It never did once make a profit. It made roughly 6 losing trades to 5 wins. The wins were often much bigger than the losers. But then one has to make another 3 wins to make up for the losses.
I wouldnt risk it with live money. You might have a different story, and I really hope you do well should you uses it. Unlike all the Forex millionaires out there I am still working for a company.
In addition I also had to save up extra money to purchase robots. Most robots out there claims and shows wonderful results. The problem is that most robots are only upward compatible, not downwards. Forex Acid Test results for 1. I am deploying robots directly on the real LIVE account provided I can proof to myself that the robot is capable to provide profits without wiping the initial deposit must survive the Forex Acid Test and produce profits better than 7.
A robot that can survive the acid test means that the coding is sound accurate entry signal detection resulting in more wins than losses and money management is proper does not wipe the initial deposit.
Even after changing some default settings - the back test curve goes down, no matter what! Forex Robot , Performance Tested. Live discussion Join live discussion of CaliberFxPro. Video Your company video here? Court cases Open 0 Resolved 0 Not guilty 0 Guilty 0. Let other traders know if this service is worth checking or should be avoided.More...