I also wonder how much Artifical Inteligence is actually in this program,.. for $60, Currently on sale for 50% off the already discounted price.
However, I have read some very good reviews on this robot, Forex-Systems-Reviews.com, this is what interests me and brings me here to see if there is any supporting information.
I appreciate your comments Roberto, at least they seem straight forward and honest. The screen shots of your user settings are especialy valulable, they show the very limited transparency of this robot.
Reviewing the trade results shown on the web site, on the short , 1 month, forward test it appears he is running a 25 pip TP, a 22 pip SL, and some smaller increment of TS.
His gains are not from large gains or many winning trades. He has neither. His results are from a winning average during his 1 month test period and a large position size, it appears he is trading with a 34% positon size. In combination with a 22 pip stop thats about a 7.5% risk per trade, a bit higher than recomended.
His 2.5 yr backtest results are a little strange as well. He starts off with a 43% position size and after 6 months he completely changes the system parameters, which is imposible to do in the middle of a backtest.
He starts with a 30 pip TP, a 27 pip SL, and a TS. He then changes to a 40% position size with a 15 pip SL, 50 pip TP, and a TS.
By the end hes running a 32% position size with an 18 pip SL, a 65 pip TP, and a TS.
These changes are not caused by the internal program as they dont change systematicaly like the position size. They change periodicaly when he does an update.
Overall these results are very interesting. Obviously his oversized gains come from an oversized risk alotment, but even with a reasonable risk setting it appears it can make a good profit with a very tightly controled loss and limited drawdown.
Impressive for a black box robot with no accessable user parameters.
I am buying this at their 60$ sale price and will continue the testing with you.
Bought, I'll now be joining your discussions on a more actively involved level. I'll also bother their techsupport for a detailed explaination of the internal workings. Its no good just having anouther robot that works if you dont know why or how it works.
Ken
However, I have read some very good reviews on this robot, Forex-Systems-Reviews.com, this is what interests me and brings me here to see if there is any supporting information.
I appreciate your comments Roberto, at least they seem straight forward and honest. The screen shots of your user settings are especialy valulable, they show the very limited transparency of this robot.
Reviewing the trade results shown on the web site, on the short , 1 month, forward test it appears he is running a 25 pip TP, a 22 pip SL, and some smaller increment of TS.
His gains are not from large gains or many winning trades. He has neither. His results are from a winning average during his 1 month test period and a large position size, it appears he is trading with a 34% positon size. In combination with a 22 pip stop thats about a 7.5% risk per trade, a bit higher than recomended.
His 2.5 yr backtest results are a little strange as well. He starts off with a 43% position size and after 6 months he completely changes the system parameters, which is imposible to do in the middle of a backtest.
He starts with a 30 pip TP, a 27 pip SL, and a TS. He then changes to a 40% position size with a 15 pip SL, 50 pip TP, and a TS.
By the end hes running a 32% position size with an 18 pip SL, a 65 pip TP, and a TS.
These changes are not caused by the internal program as they dont change systematicaly like the position size. They change periodicaly when he does an update.
Overall these results are very interesting. Obviously his oversized gains come from an oversized risk alotment, but even with a reasonable risk setting it appears it can make a good profit with a very tightly controled loss and limited drawdown.
Impressive for a black box robot with no accessable user parameters.
I am buying this at their 60$ sale price and will continue the testing with you.
Bought, I'll now be joining your discussions on a more actively involved level. I'll also bother their techsupport for a detailed explaination of the internal workings. Its no good just having anouther robot that works if you dont know why or how it works.
Ken