Evaluation: PointBreak EA - Page 4

ElectricSavant · #31 (**permalink**) 01-01-2008, 05:53 PM

whitesand,

I wholeheartedly agree...

ES

Quote:

Originally Posted by whitesand

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.

oilfxpro · #32 (**permalink**) 01-01-2008, 05:55 PM

Quote:

Originally Posted by newdigital

So, should we accept his commercial thread?
gagahlin wants to open commercial thread and that is why he asked for evaluation.

N D

The answer is quite clear NO.The seller has not contributed anything positive to this forum and it would be an insult to the intelligent members of this forum ,if this poor copy of grid trading was accepted on this forum for our members.There are better free developments on this forum,the free developers do not ask for money.These people only want money from us.

The product in its own right is not suitable for using.Most members here would not use it on real accounts,even if the seller paid us money to use it.

It can be sold on ebay and market privately , but it does not meet our standards ON THIIS FORUM

OILFXPRO

Thunderbolts · #33 (**permalink**) 01-01-2008, 07:05 PM

Please read at his website that 33% Risk is for AGRRESSIVE trading; which he recommend using Conservative Trading.

I have the opportunity to test Gagahlin technique for AGGRESSIVE TRADING for the past 2 months; and kept record the performance.
(I consider myself as an agressive one, willing to take big risk).

I guest, A picture is worth a thousand words!

I start on beginning of Nov using $10,000K (please take a look at RED ARROW)

I end up my account on Dec 31 with $19,159!

For every system, always come back to RISK & REWARD.

I know my Risk is 35% (that's only happen 2 times in 3.5 years) and;

for the Reward my account grow from $10,000 to $19,159 in 2 months.

Is the worth to take that risk? anyone can decide....

Anyway, if you do not want to take 35% risk; you can use Gagahlin very conservative method which the drawdown somewhere around 15%.

iGoR · #34 (**permalink**) 01-01-2008, 07:08 PM

Quote:

Originally Posted by ElectricSavant

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

It took even a lot more then 4 months.

If you look to the chart that was posted by el cid then you can read that this is a 3 year period.
There are 24 colloms in the grid. That means that each grid-collom is 1.5 months or that every 8 colloms is 1 year.

If you look to the high the equity curve made a bit over half of the chart ( before the serious drop) and you look further forworth in time you can count 6grid-colloms before the equity curve definitivly when above that previous high.
6 x 1.5 = 9 months.

And without a stoploss or a pull the plug strategy what would have happend after that hughe drop happend and the very same market conditions would happen again that caused that previous drop ?....getting close to a margin call or even an account-burn ?...

That is where so many amateurs and newbies make the mistake. They are awere of the problems or as they see it "minor problems".
They deliberedly neglect those problems becaus they think that the chance that such a situation could happen to them is so small that it doesn't weight up to the profits they could make.
In other words they concentrate on possible profits and don't want to look to possible failers or margin calls.
It is a gamblin mentality and not a mentality to stay in business for many years. ...It is a do or die mentality.... An as quickly as possible making money mentality.
As said so many times, that has nothing to do with REAL trading.

Friendly regards...iGoR

PS. and the excuse of gagahlin that there is no backtesting possibility because of the possibility to hack the EA is crap.
If someone has the knowledge to decompile an EA then it does not make any difference if the EA can make or not make a backtest.
As I said also already so many times in similar situations as here: ..someone who is hidding something...wants to hide something.

oilfxpro · #35 (**permalink**) 01-01-2008, 10:09 PM

Quote:

Originally Posted by ElectricSavant

whitesand,

I wholeheartedly agree...

ES

Your only reason for attacking OILFXPRO are CKYWONG is a friend of yours,he is no friend of mine.You are not happy with a factual report and opinion on this commercial presentation.You are also not happy at the post aimed at CKYWONG.

That is your only enmity with OILFXPRO.

I don't care what you do ,or the seller of Pointbreak thinks or does or what CKYWONG does.I am not here to please you .

I made my opinion clear based on facts.I am not going to be intimidated by you or anyone.

I HAVE ALSO SAVED THIS THREAD

Bye

OILFXPRO

forexchild · #36 (**permalink**) 01-02-2008, 01:22 AM

Quote:

Originally Posted by Thunderbolts

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

what's your opinion on 39 concecutive loss on the back testing reports?

Thunderbolts · #37 (**permalink**) 01-02-2008, 10:17 AM

Happy New Year! My account closed all last Dec 31,2007. Now start new position, will report later.

Thunderbolts · #38 (**permalink**) 01-02-2008, 11:34 AM

Quote:

Originally Posted by forexchild

what's your opinion on 39 concecutive loss on the back testing reports?

As far as I know that is how the system works, as they close all positions at once, Those 39 loss positions closed together with approximately 100 profit positions.

Please take a look at the chart below:

See the blue line (buy) the red line (sell), all closed together.

Thunderbolts · #39 (**permalink**) 01-02-2008, 11:38 AM

Quote:

Originally Posted by forexchild

what's your opinion on 39 concecutive loss on the back testing reports?

as far as I know that's how the system works, it close all loss and profit together, it means those 39 loss closed with around 50+ profit position.

Please take a look at the chart below

Everytime all blue line (buy positions) and red line (sell positions) closed together to make another profit.

ElectricSavant · #40 (**permalink**) 01-02-2008, 01:08 PM

oiler

You got that wrong. I know of ck and I read his blog. I actually disagree with him about purchasing EA's. But we have learned to agree about disagreeing.

I was agreeing with whitesand...I am sick of your posts. You add nothing to this community.

ES

Quote:

Originally Posted by oilfxpro

Your only reason for attacking OILFXPRO are CKYWONG is a friend of yours,he is no friend of mine.You are not happy with a factual report and opinion on this commercial presentation.You are also not happy at the post aimed at CKYWONG.

That is your only enmity with OILFXPRO.

I don't care what you do ,or the seller of Pointbreak thinks or does or what CKYWONG does.I am not here to please you .

I made my opinion clear based on facts.I am not going to be intimidated by you or anyone.

I HAVE ALSO SAVED THIS THREAD

Bye

OILFXPRO

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