Evaluation: PointBreak EA

gagahlin · #1 (**permalink**) 12-20-2007, 01:13 PM

I would like to open a thread for PointBreak EA. I'm the creator of PointBreak EA, I hope this is the correct place to put my EA discussion. I have free trial of my EA available in my website.
I need to hear your suggestion and opinion. Please share your experience with others. I will also post some information about our products and services here.

The performance for Aggressive trading since October is: 52%.

We have full forward testing reports and login account ID and password for you to check.

The performance of PointBreak EA (Aggreesive Trade) since October....

START Trading: Oct 1, 2007
START Equity: $20,000

LAST Report: Mar 04, 2008
LAST Equity: $54,609.76 (PROFIT: 173.04%)

Note:
PLEASE NOTE THAT THESE REPORTS BELOW FROM 1 ACCOUNT ONLY: 1650345 (Point Break ver 5.0)

I lost Oct trading records on account 1650345, that show the account started at $20,000; I just realized that InterbankFX regularly cut old trading records because the transactions too much; and put the deposit+prodit/loss as a new deposit to October 1, 2007 which I start that account.

This account (1650345) has grown from 20,000 to $54,609.76 (173.04%) in 5 months.

Report-1: For Nov 1-Nov 15,2007 trading record.
Starting Equity on account 1650345: $23,680.79.

Report-2: For Nov 7-Nov 30,2007 trading record.
End of Report on account 1650345: $29,952.87

Report-3: For Nov 20-Dec 20,2007 trading record.
End of Report on account 1650345: $30,297.99

Report-3: For Jan 24-Feb 6,2008 trading record.
End of Report on account 1650345: $31,811.64

Report-3: For Feb 13-Mar 29,2008.
Last trading record. still trading

... $54,609.76 NOW (+173.04%)!!

I have to devide into 5 reports; because the transactions to many to put into 1 reports, but you can check that the 5 reports is continuous.

Statement: 1650345 - Point Break ver 5.0

Statement: 1650345 - Point Break ver 5.0

Statement: 1650345 - Point Break ver 5.0

Statement: 1650345 - Point Break ver 5.0

Statement: 1650345 - Point Break ver 5.0 $54,609.76 NOW (+173.04%)!!

Thank you,

Gagahlin

stace · #2 (**permalink**) 12-20-2007, 01:41 PM

your site please

gagahlin · #3 (**permalink**) 12-21-2007, 09:57 AM

Hi Stace,

To get your demo account for PointBreak EA:
A new hope in forex trading!

It's FREE.

You can send me private message, too.

Gagahlin

sifoorex · #4 (**permalink**) 12-24-2007, 10:45 AM

I already test this EA for almost 2 weeks... the result is not impressive.

Everyone can login and check here :

IBFX DEMO

Login : 1768305

Investor Pass : cv0sptl

Owner of this EA, please advise me... is this normal with this EA? There is loss and this is not look good.

TQ

ruparaw · #5 (**permalink**) 12-24-2007, 12:42 PM

gagahlin,

i already submit the form...anyway any comment on this claim to be same system as yours

NG,

The link taken from others thread Forex-TSD given by u

gagahlin · #6 (**permalink**) 12-26-2007, 09:54 PM

Hi Sifoorex,

Because you run in the VERY CONSERVATIVE mode; and the EUR market very slow this holiday. This EA is for long term trading, it will make profit from time to time.

Have you seen the EA run on AGGRESSIVE MODE ?

I have full trading reports on Point Break running on AGGRESSIVE MODE on my website.

The performance since October: 52% now!

And you can login to that account using supplied ID and password provided in my website. You can check every trade is real.

I will upload the trading report from that account later.

Best Regards,

Lin

gagahlin · #7 (**permalink**) 12-26-2007, 10:12 PM

Quote:

Originally Posted by ruparaw

gagahlin,

i already submit the form...anyway any comment on this claim to be same system as yours

NG,

The link taken from others thread Forex-TSD given by u

Hi Ruparaw,

Those link is DEFINITELY not our website... this EA has attract lot of people. There's hundreds people already downloaded our trial version; and there so many people want to make profit from this EA by try to selling it!

someone even try to crack and decompile PointBreak EA....
(I dont' know if you ever heard that EX4 can be decompiled to become MQL language).

I get those pirate version from my friend that send it to me last week;
I run full back testing using variation entry point; the results it only works normal for couple of weeks before that pirate EA resulted drawdown and just another 1-2 months it blow up the account...!

I check the decompile version of PointBreak EA, it has lot of substitution on the logic from machine code to human code; Point Break EA has some important logic that needs to be coded perfectly to handle the drawdown...

and the decompile EA just can't substitute that logic.

iGoR · #8 (**permalink**) 12-28-2007, 06:55 PM

Quote:

Dear IGor,

These are answers to your questions:

> So I would like that you explain your system to me.

First, I can send you a usersguide where you can read the logic behind the system; or you can open or download it here:
http://www.switch-funds.com/pointbre..._DemoGuide.PDF

> 1) what are the rules to take in a position ? Is it based on indicators ?

I use keltener channeal and ADX to determine the best time to start a position (I called it a cycle).

> Is it some sorty of a grid trading ?

You can called it grid trading, but not like the usual grid trading; its called pyramiding trading for multiple positions.

> Does it contain martingale elements ?

No. you can check the trading record I use the same lotsize until the equity up before adding the lotsize.

> Does it contain compounding elements ? If yes what makes them trigger ?

Yes. The EA start compounding when the equity up,
for example every 10% equity up then the lotsize will increase 10% up.
when the equity down to 10%, the lotsize will be decrease 10%.

> How much positions do you cumulate ?

Its depend on how choppy or how strong the trend move, usually betweem 10-80 positions.
IF the market become choppy, the EA needs more positions before close all with some profits.

> 2) What are your rules to take profit ? is it in pips is it because the exaust of a move is it in a fixed amount of pips is it a % profit?

The EA use % profit from the last equity watermark:
when all positions make 1% positive balance it will close all positions;
or the equity up 1% from last equity watermark, then the EA close all open positions.

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

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.

> 4) What is your hitrate ? What is your average profit/trade ? What is your reward/risk ratio ? What is the Max drawdown on your account ?

The average profit trade 100$ per 1 cycle for $25,000 deposit.
The average time to close 1 cycle 3-8 days, although on very strong market 1 day can close several cycle.
The maximum drawdown ever achieved for the past 3.5 years is 35% (2 times in 2006).

> 5) You say that you made a very nice profit since Oct. but the market conditions are extremely good since augustus.

For version 4.0: There are LIVE trading records at my website since June 2007.
* The forward testing since October is for the new version (version 5.0) which produce more profit.

> You work with an EA so you should not have no problems to show some backtests over the last 3-5 years. There is enough data to get for free to proof how the system would have performed over a longer period of time. 1 day of sunshine doesn't proof it is summer.

I have full back testing reports on my website also the backtesting video (all running for 3.5 years).
Because I tested using 1 minute data which is the most accurate back testing method I know;
and I have 3.5 years history data for 1 minute.

This is the link for full 3.5 years backtesting report with all transactions included (you can open it / downloaded ~ 8 MB):
http://www.forexhope.com/Performance...02004-2007.htm

If you can't download from that link, just click the link at performance page (locate at the bottom):
A new hope in forex trading!

This is the link for some back testing video that I recorded (I have not got time add some commentatories):
Point Break Forex EA Videos

> So I will do a full examination of your system if you can supply an answer to all the questions asked.

I really appreciate your time.

Sincerely,

Gagahlin aproached me to do an evaluation on his EA. I have send him some questions that he answered wich youn can read above.

The problem with this system is that is a catagory of systems that personally I do not stand behind.
It is some sort of a grid trading.
But my honesty demands me to look to it not in a persoanll way but in an objective way.
That opinion I can only give based on the information I received from gagahlin.

So I have 2 important elements that wory me:

1) It seems that there are 2 pointbreak systems out there. Wich one is the real one ?... I don't know. One of these 2 persons is claiming it is his and an other one is claiming uncorrectly it is his.

2) About the system itself:
After I examined his system from his internetsite and saw that is going toworths the grid trading I felt that my question about the stoploss was the most importnat one. Because grid trading system fall into pieces on the accumulation of hedging positions if price descided not to come back and stay away for many years from there initial entry price.
Devellopers for grid trading systems start of from the idea that price will MOST of the time come back.
But I have the tendency to ask the question what happens if it does not come back.
I explained this problem already severall times ( about the steinutz system that works with no stoploss) if price makes a major reverse for example on the GBP in oct 1980 or febr. 1985 it would mean that if this system is caught up in a reversall like that is would still hold on its hedged positions after 20-25 years.

I can ONLY conclude that if positions who loose will be solved by taking in hedge positions that one can be stuck with floating losses or hedged positions for many many years without possibility to close them.

So I have the tendency to say that one has to stay away from systems like this that could have floating losses or positions for many years. That has nothing to do with normall trading. It is outside of the box and my opinion is that it should stay that way.
Theoretical they look good and can perform very good but it is completely unrealistic to have floating positions for many years.

Or the system has to contain a definitive stoploss or at least some sort of a "pull the plug" rule.

Regards...iGoR

veematics · #9 (**permalink**) 12-29-2007, 02:36 AM

Hello sifoorex,
have you run your pointbreak EA on computer that runs 24/7 ? From what i know, this EA is sensitive with disconnection/reboot, maybe becauseit use GlobalVariables...
mine are also close with a loss 'cycle' , but consider this is an OK when you know the mathematical edge inside the EA.

for Mr.Lin, i still wanted to know what about MSP function , how its effectiveness, i hope you write a good explanation so people would know how the impact when using Lite or Full Version.

newdigital · #10 (**permalink**) 12-29-2007, 07:52 AM

Quote:

Originally Posted by iGoR

Gagahlin aproached me to do an evaluation on his EA. I have send him some questions that he answered wich youn can read above.

The problem with this system is that is a catagory of systems that personally I do not stand behind.
It is some sort of a grid trading.
But my honesty demands me to look to it not in a persoanll way but in an objective way.
That opinion I can only give based on the information I received from gagahlin.

So I have 2 important elements that wory me:

1) It seems that there are 2 pointbreak systems out there. Wich one is the real one ?... I don't know. One of these 2 persons is claiming it is his and an other one is claiming uncorrectly it is his.

2) About the system itself:
After I examined his system from his internetsite and saw that is going toworths the grid trading I felt that my question about the stoploss was the most importnat one. Because grid trading system fall into pieces on the accumulation of hedging positions if price descided not to come back and stay away for many years from there initial entry price.
Devellopers for grid trading systems start of from the idea that price will MOST of the time come back.
But I have the tendency to ask the question what happens if it does not come back.
I explained this problem already severall times ( about the steinutz system that works with no stoploss) if price makes a major reverse for example on the GBP in oct 1980 or febr. 1985 it would mean that if this system is caught up in a reversall like that is would still hold on its hedged positions after 20-25 years.

I can ONLY conclude that if positions who loose will be solved by taking in hedge positions that one can be stuck with floating losses or hedged positions for many many years without possibility to close them.

So I have the tendency to say that one has to stay away from systems like this that could have floating losses or positions for many years. That has nothing to do with normall trading. It is outside of the box and my opinion is that it should stay that way.
Theoretical they look good and can perform very good but it is completely unrealistic to have floating positions for many years.

Or the system has to contain a definitive stoploss or at least some sort of a "pull the plug" rule.

Regards...iGoR

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

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