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11-23-2007, 04:53 PM
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To properly make an evaluation would take at least 6 months assuming that the market gave some extremes...
I am not qualified to give evaluations as I simply put on an EA on the MT4..and let it run for 1..2.. 3..weeks... sometimes...one..two...three... months..if I like the way it trades, then I put it on a live account with microlots or minis... My motivation is to search for profit. I may be my worst enemy when it comes to FINDING IT!...as I have never found it...hehe So how could I evaluate for the science of the thing...when there is no profit motivating me...I can just let others do that for me here and I can reap the benfits...no? ES Last edited by ElectricSavant : 11-23-2007 at 05:00 PM.     |
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11-23-2007, 04:57 PM
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11-23-2007, 04:57 PM
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Anyways my point here is the best evaluator I have seen on this Forum is ND...He objectivley shares months/years of forward testing in the elite section...and has programmers at his fingertips to help him...he can make changes and test various ideas....and rightfully discard the tests when he makes his OPINION...after months of consciencious testing and table after table of results and tracking..
Opinions can be made and evaluations attempted...but will the reader form his or her opinion on incomplete tests?... Should evaluations reflect opinions? ES Last edited by ElectricSavant : 11-23-2007 at 05:10 PM. |
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11-23-2007, 05:13 PM
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If the seller is having few weeks forward testing results so ask demo from seller and test with other broker to compare your results with his results ... than give your opinion ... if your opinion will be positive so the seller will open the commercial thread ...you are elite member so you will say about the seller's EA was ...taken from elite or not ...then ask for half a year trial and continue testing ... for more opinion  and test with IBFX 0.01 lot if profitable ... (some commercial EAs work on demo account only and we had this example on our forum).It will be much more comfortable for the seller to deal with one member than to deal with the whole forum trying to prove something for all the members and post demo version to everybody to decompile. As to me so no one seller gave me anything during the 1 year already. May be they don't like me personally Sorry wrong: dynamit guy invited me to visit his commercial group during the El cid's attacking ...but he did not send any password or anything. Just words ...Last edited by newdigital : 11-23-2007 at 05:28 PM. |
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11-23-2007, 05:18 PM
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I sound arrogant...I know...what gives me the right to be so bruttally honest...?
I have nothing to lose...this gives me the right...I have put in my time where others seem to excel ahead of me.... I wish I could find a profitable EA that worked in all market conditions. but it is impossible...to set and forget.. I have tried making a blog and I will see how that turns out...but no profit yet in the diverse approach I am trying....but it survives... So when the evaluators make their tests...they must identify...the market...is it trending? ...what sort of system is this?.... thus I am here in this evaluators thread...whether I agree with it or not as I must realize by now that i simply do not have all of the answers...and I need more than a charlatans outcry about the greatness of his no loss EA...I need real evaluations...will I find it in this public forum tsd...? ES |
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11-23-2007, 05:29 PM
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Here is an opinion...
No commercial threads 1) That display no stop losses... 2) No martingale....(without a hedge function or SL) 3) No carry for interest earned....(yes at one time I evaluated this over two years and wasted my time)...ie unwinding) What does this leave? Real trading based on price action or lagging indicators...with exits based on the same... or probabilities... or formations or statistics...etc...or games of chance lol Fundemental trading would be hard to evaluate as the discretion of the tea leave reader and his experience may be what is evaluated...where the math of TA never lies...(some say it just loses in Forex, compared to fundies) ES Last edited by ElectricSavant : 11-23-2007 at 05:34 PM. |
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11-23-2007, 05:30 PM
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please excuse the interupption and my constant debate...let the evaluation begin...
who will be first? caveat emptor I have not found ONE EA that demonstrates its robustness with an acceptable Benefit to Risk Ratio...I have been invited and kicked out of Private Groups and I am in some private groups...and I stand with my statement...and if I ever find an EA that has acceptable robustness..you will get my favorable evaluation...if I accept the assignment... I do not backtest or optimize...In the beginning I use the defaults suggested by the commercial vendor without screwing it up with my own ideas...so in the beginning it is the blind leading the blind....any tsd can be discussed when unopinionated, objective facts/observations are revealed... Do not mince words with me...you will lose ES Last edited by ElectricSavant : 11-23-2007 at 05:53 PM. |
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11-23-2007, 05:39 PM
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Last edited by newdigital : 11-23-2007 at 05:41 PM. |
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11-23-2007, 05:58 PM
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Commercial Vendors...
Please include setfiles for your EA for IBFX if you want to consider me as a possilbe evaluator. I use a 1K demo account as that is what I am used to... Do not waste my time with anything that does not display at least a 25% ROI and a 15% max intraday DD from banked balance. ES Last edited by ElectricSavant : 11-23-2007 at 06:51 PM. |
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11-24-2007, 10:33 AM
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You try to compare apples with oranges. Selling software is not the same as opening a room and helping people how to trade. Nobody asks me anything. I give. I give a garantee to the members. I give the garantee that if the system that we use would not be cappable of making net. +200pips this month that next month they can stay in the group and count on my support 100% for free. And if nescessary the next month and the month after that. This way I show and PROOF to the people I am not after their money and that I'm convinsed of what I will give them. In system and in skills and in trading knowledge and in money management knowledge. You say if people would like to buy software from a vendor then let them. It nearly comes to...if people want to buy crap and shit let them. That is what newdigital tryes to avoid. That if people would buy something that they have a little bit of ganrantee that what they buy is profitable because an evaluator (senior member) gave his aproval. And the best aproval can be given on proof of profits of the owner of that EA. NO El cid. If you make a statement like that you should add to it...if people are not pleased with what they buy then give them their money back. And if you refer to let the people buy, what you want to mean is, let the unknown newbies buy because they don't know any better. As I told you already severall times in privat messages when you asked me to evaluate your systems or results that you should pull your act together in a serious way. That you should stop making conclusions based on severall months or 1 year backtest. That they do not proof anything! and that you are only fooling yourself and try to fool others. Don't try to give a serious impression to me if you are not. You and me do know that if you want to have data on forex over 5-6 years it is possible to get that. If you are realy and fully awere and convinsed that your systems are reliable and profitable, then show proof of that with backtests over that 5-6 year period. If you do a backtest over 5 years and it doesn't look very good even with optimization then one gets very attempted to take only the last 2-3 years and do an other optimization to come up with good results. But what happens if the markets get back in a climat like 3-4 years ago ?... You were a member of my public room for many moths. Every 2 weeks you came up with a new system a new aproach and new results. Proof of that is on the SBFX forum. There is not 1 member there that opend as much topics on new systems like you. How professional is that ??... You give proof to people that you are still very much in a develloping stage and that for all the same what you found today is not working anymore tomorrow or you gonna trow it away again and come back with something new. IMPORTANT: You aproached me a couple of months ago after looking to the equitycurves I had posted on my TSR topic with the question if you could buy MY systems ?!.... If you ask to buy mine a couple of months ago, how can you suddenly sell yours. That gives all such a desperate and amateuristic impression. If you want to build up a bit of credibility then start from zero. Introduce the system that you trade or the EA that you are trading or want to sell. And trade it day per day per day. AND STICK to it. Place your EA or EA's on your site like minelli is doing with steinutz EA Metatrader Forex Expert Advisor Statement HAS MTF EA So people can witness how good your system works. If people would not buy your system the first 3-4 months ( because waiting for proof) that should not be a problem to you because you will earn your own money with the results that your system is producing. If it does not produce any money to you then people should not buy your EA in the first place. If I want to know how well steinutz system is performing I go to that link. All the rest what is written on his topic is crap and beside the point. If I look to the results of minelli I can see that he is now 10% profit BUT he was at some point 10% in loss. That means that his Reward/Risk ratio is ONLY 1. For each pip he earned he had to risk a pip of loss. If you are convinsed that your system is performing better ( because that impression is what you give after all the attacks) then you should not feel afraid or have no problem at all of placing your EA with real updates on a link. This way you do not need to give ANY trial periods what so ever. You can refer to your real time results that were witnesses by many people. Look to the artemis breakout system. That guy (who's selling his EA) is sticking to his 1 system already more then a year and comes with RELIABLE proof. If I would be forced with a gun to my head to buy a EA (wich I normally would never do) I would prefer to pay twice as much for his that shows proof then for yours that is based solely on backtests (and a forworth test that is at this moment neglectable). Only those who are afraid of showing something are hiding something. friendly regards...iGoR PS. And sorry to say so my friend, more and more you start to have the behaviour of a dog that is showing his teeth because he is pushed in a corner. And I feel also a lot of frustration of you because people like steinutz get away with their scamming business where you try to be more serious but are not getting what he is getting. He should not be your example nore muzak. As I say, try to get your act together in a serious and profesional way. You will always have my support if you can show or do that.
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Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR) Last edited by iGoR : 11-24-2007 at 06:48 PM. |
