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Author Topic: Forex Diamond EA  (Read 240106 times)

Offline Anchorpoint

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Forex Diamond EA
« on: November 22, 2013, 01:11:57 PM »
This is a new EA trading GU from the creators of Wall street to be launched within a few weeks time:

Forex Diamond EA

Forward test here:

http://www.myfxbook.com/members/forexdiamond/forex-diamond-ea-real/729824
« Last Edit: May 17, 2015, 08:04:59 PM by odysseus11 »
Anything can happen - every moment in the market is unique

Online reinerh

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Re: Forex Diamond EA
« Reply #1 on: November 22, 2013, 04:40:14 PM »

their backtest has like 2.3 showing as max dd

live forward like 12%

thats quite a difference, none or less it seems to be quite good from what i can tell.

Offline LFN

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Re: Forex Diamond EA
« Reply #2 on: November 22, 2013, 04:47:17 PM »
The myfxbook is hardly moving for the last 4 months.
At least nice to see that long forward test before putting out the EA.

Offline Anchorpoint

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Re: Forex Diamond EA
« Reply #3 on: November 22, 2013, 06:52:27 PM »

their backtest has like 2.3 showing as max dd

live forward like 12%

thats quite a difference, none or less it seems to be quite good from what i can tell.

No that backtest is with fixed lots. With 1% risk BT DD is around 10%, have  a look again at their website
Anything can happen - every moment in the market is unique

Offline forexfish

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Re: Forex Diamond EA
« Reply #4 on: November 22, 2013, 08:44:16 PM »

their backtest has like 2.3 showing as max dd

live forward like 12%

thats quite a difference, none or less it seems to be quite good from what i can tell.

No that backtest is with fixed lots. With 1% risk BT DD is around 10%, have  a look again at their website

The reference account has approx 1.5% profit in the last 4 months.  The recent 4 months period was not good as compared to previous 4 months period ?

What is the key difference between this v Wall Street and Volatility Factor ?   

All these trades GU pair.


Online reinerh

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Re: Forex Diamond EA
« Reply #5 on: November 23, 2013, 07:12:40 PM »

their backtest has like 2.3 showing as max dd

live forward like 12%

thats quite a difference, none or less it seems to be quite good from what i can tell.

No that backtest is with fixed lots. With 1% risk BT DD is around 10%, have  a look again at their website

oh yes, i seen it now. then thats sure allrighty then.

Offline Star

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Re: Forex Diamond EA
« Reply #6 on: November 23, 2013, 07:15:51 PM »
I was reading their website and several times they mention about signals.Is it a real fully functioning ea or are they hiding the fact that they will be sending signals ?

Offline Bumblebee-

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Re: Forex Diamond EA
« Reply #7 on: November 24, 2013, 04:42:00 AM »
Just wonder what is the results if he used (MM:1% risk + Recovery Mode=On) for 14yrs backtest. (forget about 2%risk, DD should be even largest)
All the backtest with Money Management+ Recovery only start from yr 2010-2013, this is too short. This can be easily done by just optimize or it can be curve fitted only in that particular periods. 

Offline compujock

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Re: Forex Diamond EA
« Reply #8 on: November 24, 2013, 05:00:20 AM »
The reference account has approx 1.5% profit in the last 4 months.  The recent 4 months period was not good as compared to previous 4 months period ?
Also, I notice the live account started and ran for awhile with almost double the lot size. Then they lowered the lot size almost in half in June. (.15 lots for awhile, and then down to .08)

Another vendor trying to rig the average monthly profit by pumping up the starting risk?
« Last Edit: November 24, 2013, 05:03:18 AM by compujock »

Offline phoebus

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Re: Forex Diamond EA
« Reply #9 on: November 25, 2013, 10:29:54 AM »
A new EA from the Wallstreet Robot developers? I will definitely give it a try, since the Wally is the best performer in my portfolio. I wish you success guys!

Offline LFN

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Re: Forex Diamond EA
« Reply #10 on: November 25, 2013, 11:23:36 AM »
A new EA from the Wallstreet Robot developers? I will definitely give it a try, since the Wally is the best performer in my portfolio. I wish you success guys!
How many trades have you on eur33 setting in October and November?

Offline phoebus

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Re: Forex Diamond EA
« Reply #11 on: November 25, 2013, 03:28:09 PM »
A new EA from the Wallstreet Robot developers? I will definitely give it a try, since the Wally is the best performer in my portfolio. I wish you success guys!
How many trades have you on eur33 setting in October and November?

Only one ... I will contact them to ask what is the reason.

Offline [GooSe]

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Re: Forex Diamond EA
« Reply #12 on: November 25, 2013, 03:51:25 PM »
Can someone tell me what they mean with "+40 Recovery Factor". I have no clue at all!

Offline krisz

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Re: Forex Diamond EA
« Reply #13 on: November 25, 2013, 04:02:39 PM »
A new EA from the Wallstreet Robot developers? I will definitely give it a try, since the Wally is the best performer in my portfolio. I wish you success guys!
How many trades have you on eur33 setting in October and November?

Only one ... I will contact them to ask what is the reason.
I don't think it has any special reason... market didn't move that way to trade with eur33. Official account had also just one trade for EURUSD.

Offline mikepipmaker

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Re: Forex Diamond EA
« Reply #14 on: November 26, 2013, 03:25:51 AM »
Can someone tell me what they mean with "+40 Recovery Factor". I have no clue at all!

from the vendor site:
For example: If your EA earns 10,000 pips and has a 500 pips drawdown, then your EA's Recovery Factor would be 20. [10,000/500]

This is could be considered as misguiding figure. The pips earned could be over a period of 5 or 10 or 15 years. The DD can ocur at any one or all years multiple times. better would be to use average annual expected pip gain / max dd to bring out this figure  :D

if the ea makes an average of 3000 pips per year and max dd is 500, the maybe the recovery factor can be 3000/500 = 6  :P
No method or EA can be successfull if we keep changing the rules and be impatient.

 

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