Sorry, don't understand once again: to delete or not to delete?
We are not deleting evaluation threads.
Besides as I see there are different opinions about this system. And it is more related to the seller and information he provided and expectations he created. Besides members of our forum have no any desire to "kill" any commercial system.

Because sometimes the sellers are saying that their system are profitable everywhere in any condition and so on just to have more potential clients.
Just say to the people: what is good with your EA and what is bad and no one will be against it.

I saw last Igor's post. Just imagine that seller said verything as Igor said. What to evaluate? Seller said everything ... And his EA will not be bad because of that. Simple there are the differencies: if the seller is not talling everything to the members so evaluators will discover it and post in negative way. And it is better if the seller will say everything: it will save our time and it does not mean that EA will be bad because of that. EA will be the same one. But sometimes the sellers are not telling everything (positive and negative sides of the EA) and when evaluators discovered it so you understand ...

For example, if I want to sell EA and

I will tell like this:
"My EA is profitable for every pair and broker producing good pips results every day for you. Buy it and you will be rich";

or I can tall like this:
"There are many theories and EAs based on this concept and theory. Besicly my EA is contuning with this general theory.
Good with my EA is the following: ......
Bad with this EA is the following: ...."

Same EA but different presentation.
First case: it will be bad evaluated.
Second case: may be good evaluated (who know?).

Because there are people's expectation as "people wanted" let's say, and there are seller's words and ads. And every evaluator is looking for those all things trying to compare expectation created by seller and the real situation which seller did not tell the people for some reason.

I am not talking about PointBreak EA especially. It may be related to all commercial sellers.

Sorry for the lyricism.

C K

You are also from Singapore like the makers of this system.What is your indirect motivation in promoting this system?What rebates do you receive for promoting this system?

Do you really consider your evaluation /promotion to be independent?

In the past your site has promoted many failed Expert advisors?Is this correct?Some of these are known scams.

OILFXPRO

Hi IGoR,

I never cheer and aplaud any mechanical trading system before; I myself rather sceptycal with mechanical trading; I have been trading for 10 years; I know which one is working which one is not working.

Before I discussed this EA in my blog, I spent 2 months learned how PointBreak EA work and hours chatting and emailing Gagahlin about his EA.


What I do not like is your analysis about PointBreak EA with only 1 interview (please do not take it personal).

I just don't like your quick analysis as a Senior member of this forum and attack his trading system with only 1 interview.

From your analysis I get conculsion you do not really understand about how his EA work; which you should check with the creator more detail before come to any conlusion and posting it as a suggestion that everybody should avoid.

I read in your interview, he answered to you:
"You can called it grid trading, but not like the usual grid trading; its called pyramiding trading for multiple positions."

Which he already said PointBreak EA not the same like grid trading as you or everybody know.
(as it's difficult for you to understand his trading method, if you do not follow PointBreak EA every day)

This EA use very special Pyramiding trading strategy & Very Complicated MSP Function that follow where the market goes.


He already answered his stop loss technique, in a way that you do not understand his method.

Let me explain carefully my analysis:

FIRST:
Your analisys mention a lot of floating losses because you ONLY saw loss position and do not look at the other directions which that make big profit; as this system using 2 directional trading.

For example: You have 1 BUY and 1 SELL and the market goes 100 pips below; you only comment about 1 position that have -100 pips loss;
BUT you do not comment on the +95 pip profit. It means the floating loss of that position ONLY -5 pip (not -100 pip).

SECOND:
You decide this EA produce very big drawdown BEFORE you try to understand his Pyramiding strategy works.... (which I really appreciate this strategy).

Means: If you have 1 position BUY and the market drop 100 pips, you get 1 BUY loss -100 pips; BUT you will get lot of SELL position that profit between 5-40 pips!!!
The EA then close all open position with PROFITABLE including that 1 buy with -100 pip loss.

All your comment only about loss; you do not comment anything about the profit positions and the loss/profit numbers;
which if you CAREFULLY look his report: every 1 loss position covered by 8X-10X profit positions.

If you carefully look at his LIVE trading report and 3.5 years back testing reports: you will find every 10 loss positions there are 80-100 positions make profit!


THIRD:

About this one, you refer to ordinary grid trading you know before.

Which that grid only open 1 direction and hope the market come back before the system could close all positions and it could take years,
or cause an uncovered drawdown if the trend against your grid positions.

FOURTH:

I followed PointBreak EA almost 2 months, watched his 3.5 years of back testing videos, learned every LIVE trading report that Gagahlin provided me before tlak to anyone (and I really mention several months of his LIVE trading report; not just demo account)

I know there is ANOTHER PROCEDURE that Gagahlin called an MSP process: which PointBreak EA will move its starting up and down to take some profit during choppy market; and finally the EA will close all position with profitable.

I saw his MSP procedure works very smart in detect any reversal trend without causing very big of drawdown.

And again: This procedure solve the problem you mention above.
The EA take only days to weeks close every positions, never need more than 4-5 months to close all positions in profit at very very bad market.

For me personally, I really appreciate his trading method and how he explain in detail every profit & risk (advantage & disadvantage) using his trading system;
which as for as I know other creators only talking about unreasonable profit, minimum drawdown.

FIFTH:
He always mention everywehere in his trading manual to use conservative method, reserve the equity, and wait patiently before his EA can solve the drawdown.



Regards,


Thunderbolts

Thunderbolts,

All you try to explain is beside the point,

Listen now and read my vision and don't try to push your vision on me.

New digital asked gagahlin to come to me to evaluate his EA. That is for a reason. Everyone knows me as a cocky or sometimes as an arrogant caracter.
But if it comes down to make analysis or to objectivly evaluate a system or results that I am correct and straight forworth. The language I use to do this is not always the softest or most diplomatic but over 12 years trading and forums I know that you need to kick peoples but before they want to listen.

So what I did here is make an conservative evaluation of an EA.

In that evaluation there was 1 very important question wich I will repeat again: What is the stoploss. If no stoploss where is the absolute "pull the plug" on the hedged floating positions.

The answer was NO stoploss only hedging the losses and no reply or remarks came on the pull the plug on the floating positions.

Then based on this information I say that people should stay away from this EA.
At some point you say that the EA will in the "worst" close the position 4-5 months after taken in.
Then I say or ask, what happens if that EA encounters a market reversall like the cable experienced in Nov 1980 or Febr. 1985 ?...(take a monthly chart on the cable to see what I mean).
2 answers possible:
Or the EA has indeed a "pull the plug" strategy that closes out floating orders after going to far from its initial price.
Or one is stuck with these floating positions for many many years. In the case of the example I gave it would be stuck 27 years with those positions.

I am experienced enough to know that this particular item gives a serious problem.
Or one does not implement a pull the plug rule and speculates on price "always" coming back so positions will be closed out with profit.
If one has "normall" market conditions this will reflect in a nice equity curve.

Or one implements a pull the plug rule to prevent the EA taking in endless hedging positions and that closes floating hedged postions after a serious reversall but that will have as effect that the hit rate will drop dramaticly. And that will also reflect in far worse results.

So everything you say about 3.5 years and following this system for 2-3 months etc is beside the point. The question and problem stays when a major market reversall happens like discribed.

If the answer would be: the chance that this would happen is so small that one can neglect this problem then my aswer is that this is an EA for gamblers who desperatly want to make money but not for traders that want to eliminate serious problems.

And I know very well that a hedged position means that if 1 position is losing 100 pips that the other one is winning 100 pips. But they take in account balance.
If it is so obvious why not close a losing position in the first place ?...
Nope because the rules of the EA speculate on the fact that price will come back after 4-5 months.
My remark is what happens if price DOES NOT come back ?....
If the answer would be indeed in this case one can get stuck for several years with floating positions then my answer or evaluation is NO to this EA.

One more example: if you build a car and you will need to go to a technical control to see if you can get the car on the road.
They ask you where is the hand break ?..
You can answer them: I don't have a hand break BUT I have very good carbon breaks and I have very good tieres and a very good horn to warn people and very strong lights to flash to people and I can break even with a parachute etc etc...
Their answer will be NO. A car needs a hand break.
So does a system. It needs a stoploss or a definitive pull the plug rule.

If you say no because this an outside the box strategy then it should stay outside the box and not sold to a broad public that would not be awere of this problem.
Even you who follows this EA doesn't want to listen to the problem I discribe. Why because you concentrate on the money it can make.
As an evaluator I am concentrated on the problems it can cause.

regards...iGoR

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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)

I've been demoing this EA for the past week and I think I know what thunderbolts is talking about. This EA doesn't use stoploss but what it does is that it closes the trades when a certain cycle is in profit. For example there's a downtrend and I have like 4 long positions and maybe 12 short positions. Whenever those 16 total positions are in profit then the EA closes all those 16 positions. It is a equity closure kind of thing but I'm not sure as to how many percent in profit before it closes. I hope that explains it better.

Hi folks

In my sincere opinion ,this EA is not fit for sale to the public.

On one occasion the EA had 39 consecutive losses and 36% loss of equity.The buyers of this system would not be able to continue after a 35% drawdownThe evidence is presented from the seller's own site.If we had more catastrophic market move ,people would blow their accounts .

iGoR is correct and admin should listen before scammers take over this forum.

The admin does not want many of their members to blow their accounts ,by using this EA.They do not want to be blamed for supporting
account blowing EA SALESMEN

OILFXPRO

NO NO NO NO NO NO NO NO NO NO

Attached Images

pointbreak.jpg (127.9 KB, 267 views)

U really need to learn about real trading before you start commenting on evaluation threads.IGoR ' got some classes for learners

OILFXPRO

You really need to shut your mouth and your threads all over the internet. You post a thousand threads all over several forums but nobody seems to care what you said. I don't know if it's your useless system or your old ... like avatar but seriously it needs to stop.

I have not had the opportunity to evaluate this EA. I only have read this thread. But I would not waste my time with a method that expected me to endure 35% drawdown for 4 months (has nothing to do with it being a hedge, grid...martingale...etc...).

Please excuse my opinionated post.

ES

quotesnippet form gagahlin...one of the creators of this version of trading and the thread author
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.
end quotesnippet

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There are some here with ulterior motives. Some of them more obvious than others.

I think that the attempt made for an honest evaluation by Igor is commendable and his commentary is quite educational.

I do not think there is a consistently, profitable EA existing. So honest evaluation will always reveal this. So what do we do?..in other words...there will never be a commercial EA submitted on the commercial thread again in all honesty. So this is a way for the Commercial Thread section to be forever moderated into nothingness. At least this site will not become a Vendors paradise.

ND is more wise than I forst thought and this evaluation section that I disaggreed with is his way of diplomatically stopping this nonsense.

Folks This is how I see it...But I find Igors post the only post of value here...

ES

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