Hi

Only if you want your members to be sold grid trading EA and you want your members to be paying for freely available expert advisors that are tweaked.

There are many grid Expert Advisors freely available like McGrid and a few other free versions on this site


OILFXPRO

Hi Newdigital,

I tought that I gave my opinion in my evaluation:

As I said people should stay away from systems that are based on grid trading techniques because in the worst conditions they will end up with an enormous amount of hedged floating losses and that for many years (wich hardly can be called a profitable trading system).

If people should stay away from it I would not allow it.

Regards..iGoR

__________________
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)

Why does your trial version not support backtesting?

A backtest in visual mode tells more than 1000 words of explanation sometimes.
Is it because the EA needs a lot of interference and optimization while operating?

Regards

__________________
BluePippo

"Gifts of money evidence lack of fantasy, particularly small ones." N.N.

I'm 100% sure that Gagahlin is the original creator, i have attend his seminar once.. he is a real trader ! not just a programmer that comes up with EA..

Regarding "the Grid" Concept, i think it depend on every individual, scalping also quite dangerous especially for newbie because common bad risk & reward ratio.

You can't just denied a thread based on the differences from one trading style !
Also the system currently are being forward test by independent EA review, you could visit his website here : ckowyong.com - finding the best expert advisor…

Hi New Digital,

I don't think IGOr really understand with this system and make too quick decision as he did not forward and attach his forward testing based on this EA and see how PointBreak EA works on real market.

And this is not a GRID trading system!!

I have been using PointBreak for several weeks now on my Live account.

I started to test PointBreak EA several week ago as a personal request from the creator.

I am always skeptical with new expert advisors (anyone who has been into them for a while would!) but PointBreak EA has been like a glimpse of light at the end of the tunnel.

Many expert advisor makers are always talking a lot about their expert's amazing profits, low draw downs, etc. They in fact talk the talk, but 99% of them do not walk the walk. As I have told you many times, they are based on unreal assumptions.

Pointbreak EA has surprised me, challenging some of my core beliefs. Pointbreak does not use a fixed stoploss, it is thus subject to massive drawdown. This, unlike other experts, is hedged with the fact that this expert uses amazing money management, being very conservative while it trades. This also shines against the fact that it is one of the most aggressive experts I have ever seen, it stays on the market all the time.

I have watched it's trading method along for sevral week and I have found it to be rather splendid.

It does a pyramid like scheme where it opens positions in several directions, following the trend. This does not mean that Pointbreak EA would "die" in a ranging market. Pointbreak will then use an alternative method to reduce draw down. Since the EUR/USD trends most of the time, balance is greatly shifted towards the trader.

Pointbreak EA could, in fact, turn into my personal favourite, definitely a keeper.

It's really new concept in FOREX trading and I'm sure everyone can receive many benefit from this trading system.

Hi Bluehippo,

The reason why I do not provide the backtesting mode because this is completely new trading system.

A lot of people trying to hack the system, other try to crack, even somebody try claim it as the inventor of this system....

I saw lot of reply that concern this is a grid system, as this is not grid trading.

The system open 2 directions depends on where the trend goes.

I will explain more detail after New Year in this thread, so anybody can understand that this is not grid trading, or grid trading like you already familiar.

If you need the backtesting report, please download here (it's 8MB).

Strategy Tester: PointBreak5

It's 3.5 years backtesing using 1 minute data (90% data modelling).
Maximum drawdown 35% (4 months in 2006). Only happen 2 times in 3.5 years backtesting.

I also record all back testing process in videos, you can get at Youtube,
or through this link:

Point Break Forex EA Videos

very nicely articulated! i share your same feelings about PointBreak. i see the light at the end of my tunnel too with PointBreak

i hope this thread stays... like the one from Steinitz and PipBoxer.

- ck

We hope the thread stays and is never deleted

OILFXPRO

to newdigital : how many votes do we have now and how many do we need to keep this thread? i know a few people who likes this EA but are not the type that will post in forums... so i might invite them over if the numbers are still lacking.
thanks for doing this to keep out the scammers
- ck

Hi Thunderbolt,

I have asked an important question to gagahlin:

question: 3) Most important what is your stoploss rule ?..I see a lott of floating losses, so when or what is the stoploss on them ?

answer: I use hedging technique and Pyramidyng technique:
-when the market going up, the system will add LONG position;
-when the market going down it will add SHORT posisitons.


I made my conclusions based on what gagahlin aswered me.

There are only 2 possibilitys: or he explaines his stoploss rule. Meaning that EVERY possible system can take in a position that goes the wrong way and has a rule when deffinitly to close the position to stop it further going into loss.
Or in his case he says he doesn't have a stoploss but starts hedge his loosing positions.

In this last case there are again ONLY 2 options. Or price comes back at some point so he can close out the hedged positions or in serious market reversalls price does not come back anymore even for years and that means that one is stuck for many years with floating hedged losses.

You can cheer and aplaud as much as you want but my conclusions are based on facts wich gagahlin explained to me and he said in his introduction to me that it is some sort of a grid system.

You can use this system for a very long period of time without any problem even with very nice profits but when one gets caught in a major market reversall he can be stuck with an enourmous amount of hedged floating losses and this for a very long period.

If I say something wich is not correct then gagahlin can answer me or point me out to it.
But only with 2 possibilitys....
OR he explains where his definitive stoploss is for a losing position
OR he explains where he has a "pull the plug" rule where the system will close out all the floating hedged losses when price does not go back to its initial entry point.

It is very easy to fool yourself with a system. The user will very quickly cheer for a system that gave him some profit over the last few weeks.
My "job" was to evaluate a system. That means that I can not look to the good parts of a system but I need to concentrate on the flaws, falts, pitfalls or boobytraps.
There is not a system that is 100% rock solid but the possibility to get stuck for years with a serious amount of compounding hedged losses is not acceptable.

regards..iGoR

__________________
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)