Discuss MRNBot.com (David Morris)

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[comerro1]

Not making any trades yet

Purchased and installed, However no trades in 24hrs Got smiley face etc.and no response from support. Admittedly they say wait 48hrs for a reply!:unhappy:

 

[RedHotChilli]

Is this worth waiting for?

There's been a lot of noise about this one. I just wondered if it is worth investing in. I will check back on this page in about a week to see if there is any interesting news about this robot.

 

[bob smith]

another ea failing to live up to the hype

Anybody surprised their website claims it trades multiple times each day, yet it hasn't had a single trade here yet?

FPA is providing a great service by testing these things out and exposing them.

 

[japovey]

Open Time Item sl tp Close Time 2 hr p/l 24 hr p/l

2010.11.04
00:39 sell usdcad 72 13 01:31 2
00:32 sell chfjpy 72 13 01:22 2
00:45 sell usdchf 72 13 01:05 7
2010.11.03
23:28 buy chfjpy 68 20 00:32 10
23:26 sell usdchf 72 13 00:22 3
23:03 buy chfjpy 72 13 23:46 2
13:17 sell usdcad 64 24 18:02 -19
13:13 sell usdcad 68 20 14:26 10
13:02 sell usdcad 72 13 14:00 3
00:12 buy chfjpy 72 13 00:35 7
00:12 sell usdchf 72 13 00:34 7
2010.11.02
08:04 buy usdchf 72 13 12:21 -72
08:16 buy usdchf 62 26 12:21 -62
08:04 buy usdchf 68 20 12:21 -68
09:04 sell eurgbp 64 24 12:10 -64
08:10 sell eurgbp 68 20 12:10 -68
08:09 sell eurgbp 72 13 12:10 -72
09:06 buy usdcad 62 26 09:55 14
09:05 buy usdcad 68 20 09:55 7
08:05 buy usdcad 72 13 09:43 3
07:27 sell usdcad 68 20 07:58 14
07:23 sell usdcad 72 13 07:44 7
06:22 buy usdcad 68 20 07:23 10
05:22 buy usdcad 72 13 07:22 3
00:37 sell chfjpy 72 13 01:17 3 3
00:04 buy usdchf 72 13 00:44 2 2
2010.11.01
23:47 buy usdcad 64 24 01:32 35 35
23:24 buy usdcad 68 20 01:32 31 31
23:08 buy usdcad 72 13 01:32 27 27
23:34 sell usdchf 72 13 00:03 9 9

 

[japovey]

This EA might work but not as shown in website. The default is set to only operate from 11pm to 1am GMT so no trades during the day. These are my tentative early conclusions.

The table summarising my early results is not clear as spaces have gone but I did try for a short time trading during the day with big losses. There were no losing trades at night, but one loss was only avoided by a very convenient large spike.

The EA seems to only work in a small ranging market (hence limited to only two hours in the middle of the night in UK). Disaster occurs if there is a strong trend as trades (up to a set of three) seem to be made assuming a price reversal. So in an up trend a pair might be shorted on an increase, followed by up to two further trades at 4 pip intervals as the price increases in the trend, followed by a stumping great loss as the large stop is hit!

I think I'll keep it going a bit longer but only trade at night. Hope this helps. I could have a go at giving more detailed results in a file if I can work out how to do it!

 

[japovey]

First weeks results for the trades from 11pm to 1am shown in the file. There were 24 trades, all of which were in profit, giving a total of 212 pips in profit.

However, about half of the pips were from a lucky "triple" trade on 1st Nov caused by a very large spike. This implies that large losses are likely from time to time.

The trades were in a small (£200) micro live account, and last night increased trade sizes from 0.01 to 0.02.

 

[Tamas]

This EA works on FxOpen demo account very well. After it I tried on real account. Nothing happend. No any trade. No answare form support. Money refunded.

 

[japovey]

Eleven trades between 11 pm and 1 am GMT last night. Nine of them in profit with 37 pips, and the other two with a joint loss of 12 pips.

So far the EA is working surprisingly well, but nothing like the description in the sales blurbs. The trades close after a short time and nowhere near the stops and limits of 72 and 13 pips respectively so am thinking of making the stops very much smaller.

Have been using two live accounts, but for one of them (Alpari) Internet Explorer kept crashing with this EA, so now only use the successful account.

Will obviously persevere with it unless the other IE starts crashing and will probably decrease the stops and somewhat increase the trade sizes.

 

[japovey]

Signing off on this one after all! Had a number of trades tonight but now the second broker account keeps crashing. Both these MT4 accounts have been working fine before, but obviously do not like this EA for some reason.

But it was fun while it lasted!