I am using this EA. Creator of EA updated 2.0 version. Winning rate is coming down to 75% range. It is still high winning percentage. But, obviously he added tighter stop loss this time. Equity balance is not robust as previous version. But, it is still impressive. We will see how things go this time. I already got huge drawdown on version 1.0. I agree version 1. 0 holds long time until it becomes winning trade It sucks. That is why creator updated version, I believe. Actually, stop loss is still set 1000pips. Version2.0 is as dangerous as version 1.0. He does not tell you anything about this huge stop loss, and raising EA price continuously.
At first I want to say thank you for great videos! About the topic of this one: I downloaded and tested the demo version. My impression is: they included quite exact knowledge about the PAST of the EURUSD instrument, and that is all. So of course a backtest must yield freakingly good results. BUT: under "entire history" my broker offers data starting from 1970 - which was obviously not included by the programmers - and guess what...?! Starting with those data the robot fails. And of course with other instruments (DAX or even different forex's) it also fails. Unfortunately I cannot write this in the comments on the market place without buying the EA.
I recently tested around 1400 EAs it turned out that 95% of them are unprofitable and 98% are not relaiable for prop firms. Its hard to believe whats going on on the market
Hi Petko, thank you for your nice reviews. 🙂 Since I saw an EA that during the backtest READ the market ahead, and placed trades, in order to have them closed profitable, I don't trust backtests anymore! Not, if I know what is written in the code of it. Anyways, this one, looks legit, for there are some traders calling it profitable and using it in real accounts. Also, some other tests should also be done with this EA. Diferent TFs, and other pairs.
at the end of may I am starting a prop challenge with no time limit and I am going to use the 15 minute bands strategy that I got in your udemy pass prop challenge course. On average how many trades a week or month does the strategy take. Just wondering
@robertfrank3044 It really depends on the market. I designed them so it should be enough to pass the FTMO in 20 trading days, but if there is no volatility it might take longer.
Great content and videos! Great Udemy courses as well!! Quick question please.. In EAS, when trying to make the ducascopy data work for your broker..where do I find the point value it ask for in EA studio, in tools…Data? I’ve looked on the different brokers websites and in the contract specifications in MT4. Can you help please Petko?
@@PetkoAleksandrov , Thank you, I watched the video on downloading the data and using it in EA studio. I did not see where you find the point value. in the video, you said the contract size is 100,000 as per the specifications on the broker, but it does not show where you got the point value of 1. Where is that value listed?
Thanks to help us Petko , really thanks. be allways like this men, no many people in YT do this for the others without worry about get views in his channel, again thanks @petko
I am using this EA. Creator of EA updated 2.0 version. Winning rate is coming down to 75% range. It is still high winning percentage. But, obviously he added tighter stop loss this time. Equity balance is not robust as previous version. But, it is still impressive. We will see how things go this time. I already got huge drawdown on version 1.0. I agree version 1. 0 holds long time until it becomes winning trade It sucks. That is why creator updated version, I believe.
Actually, stop loss is still set 1000pips. Version2.0 is as dangerous as version 1.0. He does not tell you anything about this huge stop loss, and raising EA price continuously.
Thanks for the update! Yep, I saw the price is already higher from where it was when I recorded the video. :)
At first I want to say thank you for great videos!
About the topic of this one:
I downloaded and tested the demo version. My impression is: they included quite exact knowledge about the PAST of the EURUSD instrument, and that is all. So of course a backtest must yield freakingly good results. BUT: under "entire history" my broker offers data starting from 1970 - which was obviously not included by the programmers - and guess what...?! Starting with those data the robot fails. And of course with other instruments (DAX or even different forex's) it also fails. Unfortunately I cannot write this in the comments on the market place without buying the EA.
Can you suggest any EA?
@@watchdancing - No... sorry.....
*most of those EAs are opposite of their backtest*
I recently tested around 1400 EAs it turned out that 95% of them are unprofitable and 98% are not relaiable for prop firms. Its hard to believe whats going on on the market
Hi Petko, thank you for your nice reviews. 🙂 Since I saw an EA that during the backtest READ the market ahead, and placed trades, in order to have them closed profitable, I don't trust backtests anymore! Not, if I know what is written in the code of it. Anyways, this one, looks legit, for there are some traders calling it profitable and using it in real accounts. Also, some other tests should also be done with this EA. Diferent TFs, and other pairs.
I agree with you, mate! Let me know if you test it further.
Crazy that 1 million views is only worth 2-15k max
THANK YOU FOR YOUR REVIEW, SIR, IT DOES MAKE SENSE.
Honestly i love all ur content❤
Can u please review about POW BANKER EA🙏
Thank you for this review
at the end of may I am starting a prop challenge with no time limit and I am going to use the 15 minute bands strategy that I got in your udemy pass prop challenge course. On average how many trades a week or month does the strategy take. Just wondering
Please which of the pro film is doing challenge with no time limit? I will like to join them please
@@fitfinancefolks Bespoke and Instant Funding are the 2 prop firms I know about. No minimum or maximum trading days. I hope that helps.😊
@robertfrank3044 It really depends on the market. I designed them so it should be enough to pass the FTMO in 20 trading days, but if there is no volatility it might take longer.
@@PetkoAleksandrov Ok thanks I am going to do the eurusd like you showed in the course
@@fitfinancefolks funded trading plus
you have a affiliate link with fxview? I want to register there, so I can use your link if you have one
I appreciate it, mate! I this the first one in the description of this video.
A video in how to use tickstory and make a good backtest will be great ❤...😊 nice video like.always
Thanks for the idea! I will think about it
Hey bro! Are you from bulgaria?
Yes, I am
Very nice 😊 2:01
its history reader ! thats why its removed from mql website !
How can I get this bot
Hi tamunoemitomwest2900, it's available on the MQL5 Market Place.
Great content boss am already making money with your free bots after taking two of your udemy courses ❤
Can you do a video on brokers who accept USA clients
Please, check our brokers page. I think Oanda is the one for the US: eatradingacademy.com/trusted-brokers/
Unfortunately, "TradeGPT" is unavailable
Hi KristjanSaarsalu, seems it is unavailable at the moment.
Is this mt5 or 4??
Hi fastlanegaming-qz1dk, both versions are available
Great content and videos! Great Udemy courses as well!! Quick question please..
In EAS, when trying to make the ducascopy data work for your broker..where do I find the point value it ask for in EA studio, in tools…Data? I’ve looked on the different brokers websites and in the contract specifications in MT4.
Can you help please Petko?
You need to go to Symbol Settings. Check out this video, I showed it in there: ua-cam.com/video/a1FpwDDi_Kk/v-deo.html
@@PetkoAleksandrov , Thank you, I watched the video on downloading the data and using it in EA studio. I did not see where you find the point value. in the video, you said the contract size is 100,000 as per the specifications on the broker, but it does not show where you got the point value of 1. Where is that value listed?
Petko, that looked 20 million, not 20 billion !
Hi gungho57, take a closer look. On the backtest, the total theoretical amount was in fact $20B
I did, and you're very right Sir ! A bit insane...Cheers@@PetkoAleksandrov
That's scam history reader bot bro
parabéns pelo trabalho eu acompanho o seu canal e gostaria de fazer um pedido fale sobre o MEGA FOREX EA LLC
Você teque fazer vídeo em português também brasileiro
I do not speak Portuguese or Brazilian. :)
@@PetkoAleksandrov could at least put the videos with subtitles in Portuguese.
Tradução em tempo real
Why do I hear Borat?
Hi antony6528, maybe because you're a little racist, perhaps?
got huge drawdown , the author stopped answering us
Thanks to help us Petko , really thanks. be allways like this men, no many people in YT do this for the others without worry about get views in his channel, again thanks @petko