Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => EA's (automated systems), and associated items (VPS, support/questions) => Topic started by: donnaforex on September 10, 2018, 11:39:24 AM

Title: Eklatant EA
Post by: donnaforex on September 10, 2018, 11:39:24 AM
Eklatant EA is available on the forum to answer questions and comments:

http://www.eklatantforexrobot.com/

If you have traded with this EA please share your experiences on this topic.
Title: Re: Eklatant EA
Post by: diyforexskills on September 10, 2018, 12:07:21 PM
Looks like a very active scalper, up to 100 trades per day, average pips per trade of 2.5 so probably quite broker dependent?
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 12:45:38 PM
The average winner is 12.87 though. But yes, with an overall average of 2.53   that seems quite narrow.

Zero losing days is impressive, though. On which broker is the FX Blue account running?

And is there any longer period backtest available?
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 12:47:15 PM
By the way, for a scalper the average trade length of 16.99h is quite long...
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 01:46:54 PM
Some additional info available here: http://www.forexpeacearmy.com/h/forex-strategies/1520/eklatant-forex-robot
Title: Re: Eklatant EA
Post by: shmelmie on September 10, 2018, 02:30:38 PM
Iím forward testing on a demo account.

https://www.myfxbook.com/members/shmelmie/eklatant-forex-ea/2663864

It has a trend filter which checks against all time frames from M5-D1. It has a slight marti/grid for recovery trades at about 40 pips distance. D acceptable so far. Iíll keep my forward test on tickmill running on my VPS.
Title: Re: Eklatant EA
Post by: Ruairi OPleurisy on September 10, 2018, 03:19:31 PM
Can you please unhide the lot sizes on that demo account MyFxBook account?  That will allow some clarity on what it is doing.

It has seven GBPUSD sells open concurrently - all opened today and similar number of EURGBP buys...

Thanks,
Ruairi.
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 03:28:04 PM
You can see lot sizes here: https://www.forexpeacearmy.com/forex-strategies/1520/eklatant-forex-robot/statement
Title: Re: Eklatant EA
Post by: Ruairi OPleurisy on September 10, 2018, 03:30:03 PM
What I don't like is that on that (very short term) FX Blue account is that open trades are hidden, as is equity and floting profit and loss. It is therefore impossible to know what possible bag of losers are currently sitting there eating up capital so just forget about the 'banked' winners and think about those.

There have been similar EAs that I foolishly purchased in the past where the history was short.  There is nothing compelling on that website to make me think about buying this one.
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 03:31:34 PM
@shmelmie: What are the options you have in settings? Can you turn off the larger recovery trade?
Title: Re: Eklatant EA
Post by: shmelmie on September 10, 2018, 03:34:12 PM
U can adjust the size of the marti. Current settings right now if Iím not wrong is 1.5
Title: Re: Eklatant EA
Post by: Humble Trader's Fx on September 10, 2018, 03:47:18 PM
Can you please unhide the lot sizes on that demo account MyFxBook account?  That will allow some clarity on what it is doing.

It has seven GBPUSD sells open concurrently - all opened today and similar number of EURGBP buys...

Thanks,
Ruairi.

Welcome,  Eklatant, vendor.

Can you please clarify:

1) Why you choose to ask us to make a decision based on a myfxbook account which is a demo and only a few days old.?

2) What is the difference with the myfxbook "stark", and the demo account just mentioned.

Regards,
HumbleTrader
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 04:07:33 PM
U can adjust the size of the marti. Current settings right now if Iím not wrong is 1.5
What other options are there? Is there a way to trade this without marti profitably (if you set it to 1.0)? Can you set the stop loss value?

Perhaps you could give us a screenshot of the settings panel?
Title: Re: Eklatant EA
Post by: shmelmie on September 10, 2018, 04:13:26 PM
Guys, Iím not the vendor actually. Iím actually a user. I bought the EA 3 licenses but I couldnít find anywhere other than forex peace army forum where they discuss how to use it. I was hoping to start a discussion somewhere with ppl using it so that we can all talk about it. I thought that Donna forex would be a good place for discussion. Stark is my other live account running a different EA.

Mod Edit: Removed offer to sell licences
Title: Re: Eklatant EA
Post by: shmelmie on September 10, 2018, 04:17:03 PM
I have bought almost all the EAs on the forex peace army list. I know what works and what doesnít. (Wasted slot of money as most of them donít refund me) I roughly know how this EA works by now. So if u guys have questions just ask me
Title: Re: Eklatant EA
Post by: Humble Trader's Fx on September 10, 2018, 04:20:20 PM
Guys, I’m not the vendor actually. I’m actually a user. I bought the EA 3 licenses but I couldn’t find anywhere other than forex peace army forum where they discuss how to use it. I was hoping to start a discussion somewhere with ppl using it so that we can all talk about it. I thought that Donna forex would be a good place for discussion. Stark is my other live account running a different EA.

Mod Edit: Removed offer to sell licences

Thank you for the clarification;  normally,  Donna introduces new vendors as required.

Please feel free to discuss this EA BUT as the previous mod stated, "selling" is another issue altogether which requires you clear such with Donna.

Regards,
HumbleTrader
Title: Re: Eklatant EA
Post by: FLechdrop on September 10, 2018, 04:23:17 PM
Guys, Iím not the vendor actually. Iím actually a user. I bought the EA 3 licenses but I couldnít find anywhere other than forex peace army forum where they discuss how to use it. I was hoping to start a discussion somewhere with ppl using it so that we can all talk about it. I thought that Donna forex would be a good place for discussion. Stark is my other live account running a different EA.

Mod Edit: Removed offer to sell licences

Could you, as a user, nevertheless answer some of my questions above? Based on that I may decide whether I want to buy it for testing. Although the short history given so far, no back tests being shown, makes me suspicious it is going to crash at some point.
Title: Re: Eklatant EA
Post by: shmelmie on September 10, 2018, 04:33:23 PM
I donít think that backtests will be accurate. From what I have observed, it will open 3 trades at once depending on the strength of the trend. For example, strong uptrend, 2 buys and 1 sell. Thatís why I said itís part marti part grid part trend
Title: Re: Eklatant EA
Post by: shmelmie on September 11, 2018, 11:48:29 AM
Survived the spike earlier on GBP pairs  :P
Title: Re: Eklatant EA
Post by: FLechdrop on September 11, 2018, 04:33:04 PM
That is indeed remarkable. However, open trades are still 550 pips in the red. Is there any definite stop loss, or just recovery trades?
Title: Re: Eklatant EA
Post by: FLechdrop on September 11, 2018, 04:41:24 PM
I donít think that backtests will be accurate. From what I have observed, it will open 3 trades at once depending on the strength of the trend. For example, strong uptrend, 2 buys and 1 sell. Thatís why I said itís part marti part grid part trend

Why exactly do you think backtests would not be accurate?
Title: Re: Eklatant EA
Post by: FLechdrop on September 11, 2018, 05:16:12 PM
Eklatant EA is available on the forum to answer questions and comments:

http://www.eklatantforexrobot.com/

If you have traded with this EA please share your experiences on this topic.

Could we invite the developer to answer some of our questions, Donna?
Title: Re: Eklatant EA
Post by: donnaforex on September 11, 2018, 08:12:15 PM
He was the one who originally requested the topic and said he wanted to participate. I'll send him an email to remind him to come here :).

Donna
Title: Re: Eklatant EA
Post by: FLechdrop on September 11, 2018, 08:32:46 PM
Great! Thanks.
Title: Re: Eklatant EA
Post by: shmelmie on September 12, 2018, 03:43:18 AM
The trades open and close as a basket. Depending on the current trend. Thatís why I said backtesting might not be as accurate
Title: Re: Eklatant EA
Post by: shmelmie on September 12, 2018, 07:01:59 AM
Running on my live account now

https://www.myfxbook.com/members/shmelmie/stark/2642913

Title: Re: Eklatant EA
Post by: shmelmie on September 12, 2018, 08:06:43 AM
Stop loss can be set based on equity loss. Itís an optional feature from what I see
Title: Re: Eklatant EA
Post by: FLechdrop on September 12, 2018, 10:31:52 AM
OK, thank you shmelmie. I would certainly do that, although I do wonder how that would impact the profitability of the EA.

About the backtesting, I do not really see the point yet. Surely it can pick up on historic trends?
Title: Re: Eklatant EA
Post by: shmelmie on September 12, 2018, 12:08:28 PM
It will continue where it lets off and takes into consideration the other pairs. T trades EURUSD GBPUSD EURGBP and USDJPY. Correlated currencies. Get what I mean?
Title: Re: Eklatant EA
Post by: shmelmie on September 12, 2018, 02:23:53 PM
Sorry for the slow replies. Busy day at work for me. My messages always require approval from a moderator as well. So itís slower. But do feel free to ask any questions. Iíll try n answer to the best of my user experience
Title: Re: Eklatant EA
Post by: shmelmie on September 14, 2018, 12:30:44 PM
Hi guys,

Iíll continue running the EA on my demo account but Iíll be using my live account for Manual trading. I do not want my manual trading to affect the trades. Cheers
Title: Re: Eklatant EA
Post by: FLechdrop on September 19, 2018, 02:01:16 PM
Any word from the seller, Donna? I would especially like to know about the blow up risk long term.
Title: Re: Eklatant EA
Post by: rsmereka on September 19, 2018, 02:26:33 PM
I also have been waiting for a response from the vendor about the minimum starting balance. Last Friday, I filled in the vendor's web form on their website. So far, no response.
Title: Re: Eklatant EA
Post by: donnaforex on September 19, 2018, 03:25:04 PM
No response from the seller.

It looks like they did a 'hit and run' on the forum... a bit silly really because i'd have created a topic for the EA with or without them saying they'd post here.  ::)  Maybe they didn't think through the consequences and how it'd look...
Title: Re: Eklatant EA
Post by: nick3232 on September 19, 2018, 04:09:34 PM
or they are already a seller here and don't want to be reconized
Title: Re: Eklatant EA
Post by: donnaforex on September 19, 2018, 05:54:18 PM
Maybe, but it doesn't match up with their email to me? No big deal anyway, it's up to them...


"Hi Donna,

Iím a representative of eklatant ea and would like to start a thread on eklatant ea on your site. Iíll be available to share more info on this ea with anyone interested to know more. Thank you. Apologies for any inconveniences caused. I hope u do approve my forum topic on eklatant ea. Thanks!"

Title: Re: Eklatant EA
Post by: shmelmie on September 20, 2018, 04:13:31 AM
Doubt the seller will respond. He didnít even reply any of my emails. Iím running it both live n demo currently. Anyone have questions can ask me.
Title: Re: Eklatant EA
Post by: shmelmie on September 20, 2018, 07:11:37 AM
Go check out forex peace army forum. There are many are ppl who bought the EA but till now still havenít gotten it activated by the vendor.
Title: Re: Eklatant EA
Post by: FLechdrop on September 20, 2018, 10:12:14 AM
Wow! That is a bit funny. Did you get it activated immediately, shmelmie?

On the other hand, so far it seems to be doing very well. However, I remain concerned about the blow up risk. I saw on your demo myfxbook that while it starts with a lot size of 0.05, the maximum (so far) has been 1.00 lot. That is concerning, because such a big trade might easily go the wrong way at some point.

Would still like to see a proper back test, but with the vendor not even activating new accounts, it seems that is going to be difficult and/or pointless.
Title: Re: Eklatant EA
Post by: shmelmie on September 20, 2018, 04:25:10 PM
I bought 3 licenses. Got 1 activated after a month. After that seller went MIA. Thereís a live account on myfxbook by another user called bilmard
Title: Re: Eklatant EA
Post by: shmelmie on September 20, 2018, 04:28:38 PM
My trades went haywire when I restarted my VPS. One important point to take note is to be extremely careful not to turn off your VPS or terminal. The EA will automatically adjust a cutoff SL as emergency. U must standby to remove the SL. Then everything will be alright.
Title: Re: Eklatant EA
Post by: shmelmie on September 26, 2018, 03:08:44 AM
After testing a few more of the latest EAs in the market. I realised that this is still the most stable one. Therefore, Iím back to running it on my live account.
Title: Re: Eklatant EA
Post by: obb252 on September 26, 2018, 07:11:13 PM
I just bought Eklatant EA, please tell me what is g_magic_176_16 in expert input ? it is magic number?
Title: Re: Eklatant EA
Post by: FLechdrop on September 26, 2018, 08:38:55 PM
I just bought Eklatant EA, please tell me what is g_magic_176_16 in expert input ? it is magic number?
Did you get your license activated already?
Title: Re: Eklatant EA
Post by: obb252 on September 26, 2018, 08:47:57 PM
I just bought Eklatant EA, please tell me what is g_magic_176_16 in expert input ? it is magic number?
Did you get your license activated already?
my ea activated already
Title: Re: Eklatant EA
Post by: shmelmie on September 27, 2018, 09:03:03 AM
Remember this. If your VPS shuts down unexpectedly or terminal shuts down expectedly. Remove all SL the moment u turn it back on. This is very important. Do not trade any other currencies other than the 4 currencies recommended. I have come to realise that when the market turns south, it will try n close as a basket as the currencies have some form of co relation.
Title: Re: Eklatant EA
Post by: vontogr on September 27, 2018, 09:54:26 AM
Hi,

I do not want to judge EA I have not tried but I am surprised anyone bought it.
1. Website is very amateur. It is like 10 year old boy made it.
2. There is no performance on myfxbook on the website
3. You are not protected by PayPal when you buy the EA
4. There are tons of MartiGrid system which fail at the end. Many of them are free.
Title: Re: Eklatant EA
Post by: petersurrey on September 27, 2018, 10:33:47 AM
Run for the hills - yet another marti grid!! It WILL blow up at some stage.....
Title: Re: Eklatant EA
Post by: compujock on September 28, 2018, 01:44:50 AM
Yeah, this is not a good long term EA.  Just a toy for some folks to play with a little pocket change.
Title: Re: Eklatant EA
Post by: shmelmie on September 28, 2018, 03:26:00 AM
Yes itís a marti grid. But it trades co related currencies n closed as a basket like I mentioned. Iím running it on both live n demo. It survived these turbulent 5 months unlike all my other EAs that crashed and burnt. Iíll update everyone.
Title: Re: Eklatant EA
Post by: shmelmie on October 01, 2018, 07:59:53 AM
Hows everyone elseís results so far?
Title: Re: Eklatant EA
Post by: shmelmie on October 08, 2018, 12:08:39 PM
Hi everyone. So far so good. Survived the 300 pip drop last week. Doing well on both my live and demo tickmill accounts. I realised thereís a slight tweak that can improve accuracy and reduce DD. Ppl using the EA can pm me.
Title: Re: Eklatant EA
Post by: shmelmie on October 16, 2018, 06:36:35 AM
Howís everyoneís account doing so far?
Title: Re: Eklatant EA
Post by: FLechdrop on October 16, 2018, 09:50:26 AM
Has the vendor come back to life already?
Title: Re: Eklatant EA
Post by: shmelmie on October 21, 2018, 05:53:13 PM
Donít think so. But I have used it Long enough to know exactly how it works. So fire away. So far this is the best EA in my whole Arsenal.
Title: Re: Eklatant EA
Post by: FLechdrop on October 22, 2018, 01:16:40 PM
Based on your experience of how it trades, don't you expect it will blow up at some point?
Title: Re: Eklatant EA
Post by: shmelmie on October 22, 2018, 02:30:35 PM
It will not blow up as Long as u run a Low risk setting and do not get greedy. It actually as an equity stop loss which u can set to limit your exposure. For example, during  the 300 pip drop two weeks back, I only sufffered a DD of 17% which recovered within 3 days. And that was a medium risk setting I took. Iím satisfied with what I see so far. Iíll be pumping in about 10k USD soon and looking at 10-20% returns per month on Low risk settings. As mentioned, I have already found out how to reduce the DD tremendously and I can sleep through any major news or calamity without even worrying. I really give up on all other EAs. I bought the z trader ea, forex Gump, basically the TOP 20 Eas recommended across 3-4 websites selling EAs and I have been sorely disappointed after seeing how it trades and understanding its logic. Those who have been trading for at least a few years would understand what I mean. Anyways, Iím happy with what I see as well as the statistics. Pips donít lie. Cheers guys! Have a great week ahead! Donít hesitate to contact me if you have any queries.
Title: Re: Eklatant EA
Post by: Humble Trader's Fx on October 22, 2018, 04:50:17 PM
It will not blow up as Long as u run a Low risk setting and do not get greedy. It actually as an equity stop loss which u can set to limit your exposure. For example, during  the 300 pip drop two weeks back, I only sufffered a DD of 17% which recovered within 3 days. And that was a medium risk setting I took. Iím satisfied with what I see so far. Iíll be pumping in about 10k USD soon and looking at 10-20% returns per month on Low risk settings. As mentioned, I have already found out how to reduce the DD tremendously and I can sleep through any major news or calamity without even worrying. I really give up on all other EAs. I bought the z trader ea, forex Gump, basically the TOP 20 Eas recommended across 3-4 websites selling EAs and I have been sorely disappointed after seeing how it trades and understanding its logic. Those who have been trading for at least a few years would understand what I mean. Anyways, Iím happy with what I see as well as the statistics. Pips donít lie. Cheers guys! Have a great week ahead! Donít hesitate to contact me if you have any queries.

Hello shmelmie.

When I see a live, myfxbook account from you, with at least two months of data, I will invest 20K.  ;)


Regards,
HumbleTrader
Title: Re: Eklatant EA
Post by: FLechdrop on October 22, 2018, 04:54:56 PM
Pips don't lie, but it seems to have significant floating DD regularly.

Anyway, I hope you are right, but even then I would be hesitant to buy something if I am not sure I could even get it activated.
Title: Re: Eklatant EA
Post by: FLechdrop on October 22, 2018, 07:33:23 PM
OK, so what about the drop in this account from +75.85% to -53.99%? Looks pretty dangerous to me.
Title: Re: Eklatant EA
Post by: shmelmie on October 25, 2018, 08:44:03 AM
Iím not sure which account u are referring to but itís not mine. I think that guyís VPS shut down or auto restarted. Iím here to share, not to invite arguments.  ;D anyways Iíll be pumping in more money into my live account next week. Have a great week trading guys.
Title: Re: Eklatant EA
Post by: FLechdrop on October 25, 2018, 09:02:12 PM
OK, so what about the drop in this account from +75.85% to -53.99%? Looks pretty dangerous to me.

Sorry, seems I forgot to paste the link. I meant this account: https://www.myfxbook.com/members/bilmard/eklatant-usd/2673786
Title: Re: Eklatant EA
Post by: shmelmie on October 29, 2018, 03:35:31 AM
Thatís another userís account. His VPS shut down unexpectedly. I have uploaded my real 10k account. Happy trading everyone. Stay safe during NFP
Title: Re: Eklatant EA
Post by: FLechdrop on October 29, 2018, 01:20:24 PM
Yes, I did not mean to claim it was your account. Just that it looks rather dangerous. How do you know his VPS shut down unexpectedly, and that was the cause of what happened?
Title: Re: Eklatant EA
Post by: shmelmie on October 30, 2018, 04:23:11 PM
One look at his history was enough. Across all his other accounts as well. The EA has a hard SL in case of emergencies like this
Title: Re: Eklatant EA
Post by: grndcomm on November 15, 2018, 02:19:43 PM
I have been using Eklatant since July 23 2018. Just found this forum and interesting reading. Already mentioned is fact that if your MT4 gets shut down either by you or perhaps a VPS maintenance procedure, make sure when you open the MT4 back up, you zero out all the SL's it will produce. If you want to shut down the MT4 yourself, you can disable autotrading, shut down, reboot, enable autotrading and it will not produce all the SL's. I did not know about this and rebooted MT4 and did not check the trades and I took a massive loss of around $1000. I immediately contacted Eklatant but they did not respond. It is critical you remove the SL's after reboot of MT4. Also Eklantant has built into the software what I call a "call home" feature. The EA checks with Eklatant's servers often to ensure the EA is authorized. Just this past week Eklatant's servers went down and my EA became unauthorized. Meanwhile all my trades were not getting updated and it was developing a scary DD. I sent email, but as most know, customer service is severely lacking  with them. I got a reply the next day apologizing for the interruption and to reboot as they had the server problem fixed. Over all very happy with the EA as it produces profit every day. I have had DD up to $2000 in my $13,000 live account.

Just wanted to add a demo account I have had running for almost 2 months. This demo is using the 1 min TF instead of the recommended 5 min TF. I am not an experienced trader but my thought was if it could survive the 1 min TF, then it should do better with the 5 min TF. Right or wrong I don't know but wanted to test if for a few month on the 1 min TF. You will see a loss on Oct 2 as that was due to my VPS provider doing maintenance. After maintenance  completed I had to open the MT4 program. What I was unaware of was the many SL's Eklatant generates upon reboot. I did see them about an hour later, but it was too late and many trades were closed with a loss. This account is using all default values except not using their recommended 5 min TF. Default lot size is .01.

https://www.fxblue.com/users/6001913
Title: Re: Eklatant EA
Post by: FLechdrop on November 15, 2018, 03:50:23 PM
Thanks for the info, grndcomm. That is pretty scary, the authorisation issue.
Title: Re: Eklatant EA
Post by: grndcomm on February 21, 2019, 12:39:04 PM
Eklatant web site is gone,
Title: Re: Eklatant EA
Post by: fxthrowa on March 03, 2019, 02:02:52 AM
I bought the EA ~10 Days ago, did send 3 Emails regarding my Account Number for Verification (to be added to "Whitelist" of the EA) - No response.
I do hope the seller does respond soon, otherwise I will have to ask you if you would provide your Activated MT4 Account Numbers so we can try to "break" the encryption and add my account myself.

Best regards...
Title: Re: Eklatant EA
Post by: LitnerGo on March 03, 2019, 01:08:42 PM
I bought the EA ~10 Days ago, did send 3 Emails regarding my Account Number for Verification (to be added to "Whitelist" of the EA) - No response.
I do hope the seller does respond soon, otherwise I will have to ask you if you would provide your Activated MT4 Account Numbers so we can try to "break" the encryption and add my account myself.

Best regards...

No answer. Use dispute via PayPal.
Title: Re: Eklatant EA
Post by: fxthrowa on March 03, 2019, 02:43:32 PM
Guess thats what i will do in a few days...
Title: Re: Eklatant EA
Post by: Ironman2012 on March 18, 2019, 07:44:59 AM
One look at his history was enough. Across all his other accounts as well. The EA has a hard SL in case of emergencies like this

Hello....Thanks for the info. about this EA and vendor, very helpful.

Good Stuff
Title: Re: Eklatant EA
Post by: Ironman2012 on March 19, 2019, 07:05:02 AM
Has anyone tried a news filter with Ekatant EA with a turn off turn on, for news events ?