I have what I believe is a winning automation and would like your opinion

Maybe it is just the jitters of Opeing day for my business, but I just need a little assurance that my system is worthy, so I thought I would ask the experienced traders here to evaluate my reports and tell me what you think of our products. For what to expect of the product and how it behaves, you can get the info on www.InvestorsHaven.com, which goes through all the features that I have built into my system. The automation reports can be found at www.MyFxBook.com/search/bbw

With our Grand Opening being Monday the 7th, I am worried that folks won't be impressed or that we are banking on a poor product. I would just like an honest evaluation. If you are in the Seattle area, you can come and watch me make a fool out of myself. I will be at the Kona Kia cafe 124 4th Ave S Ste 180 in Kent, WA 7:00 pm. Please don't torture me too bad, I am going to be a nervous wreck that night anyway.

Everyone of your systems have large unrealised losses. Better have a tequila opening night. Your jitters are well founded.

Yeah there was heavy activity yesterday on AUDJPY, USDJPY and GBPUSD. I expect them to return to normal by Monday. It is actually by design that they are floating to earnings. The interesting part is that all of them are being limited on the Drawdown, and some of them will evenutally close with earnings out weighing the the negative closures.

I'll keep the tequila in mind.

Yeah? So all those 0% draw downs will go to...?

Boy are your investors going to be surprised. Cause there's no draw down showing on your website. Hope they find that as interesting as you do.

you might want to edit your site and replace the 'Enter Your Text here . . . . . . . . .' on the BBWScalperDetails screen.

Also you state your a LLC and and I can't see your company registration number and registered address...this is a requirement of LLC in most countries anyway.

Best of luck anyways.

Where would you be looking for it? Where are these values supposed to be placed? If you are talking about the registration of the company, that protection was well paid for.

Elkart posted:
    Yeah? So all those 0% draw downs will go to...?

Boy are your investors going to be surprised. Cause there's no draw down showing on your website. Hope they find that as interesting as you do.

Elkart, I hear a lot of condescending staements, but couldn't you be a little more constructive and possibly explain why you feel this way?

I am currently using a no stop strategy, it has stop loss capability, but I am not using the stop loss, which means the trades free float to earnings. I have a built in cash collector that evaluates on each pair the value of pips with the value is positive 30 or 50 pips, I forgot which, it will close all positive and negative trades on that chart. This keeps the drawdown low. I use a another method of controlling the amount of drawdown on a per chart basis, again when the pip level on that is reached, the automation stops taking trades on that chart until drawdown has closed to positive allowing more room for more trades. In addition to this, I have another tool that measures the Margin Level %, when it drops below a specified value, it stops allowing trades on all charts until trades close positive allowing for more trades. In addition, yet another tool controlling the lot size to prevent over leveraging and preventing the EA from taking 100% of the margin. What you are insinuating with your statements is looking more like an assumption not an evaluation. You know what they say about assumptions.

I took another look at the reports, the 0%'s were prior to completion of the Cash Collector, notice the ones wit 4.4 in their title actually do show drawdowns. The ones with 3.9.8 did not have drawdowns because I had not discovered until that time that we were sitting on trades too long and neded to reduce the open drawdowns. 4.4 took care of that with the Cash Collector working on a per chart basis. So yes, I had identified what I think you were leading to.

The open floating systems are all doomed to failure. It's impossible for them to work. And unfortunately if you look at all the 'top' systems on myfxbook that's what's hanging around there. Just spam essentially, to the point where it makes the system evaluation almost impossible. I'll show you 10 000% a year simply but not closing the losses.

Your systems are retired when they're up and then shown as a good result. Some have run only 3 days, others have big draw downs for mediocre growth. Others have large unrealized positions...

That just pisses me off. Basically you're misrepresenting what's happening in your systems. To what end I'm not sure, but the first day a 30 % draw down arrives you're going to have pissed off clients on your six.

Lets have quick look:

BBW Scalper (DBuch 80702) retired 30 days - profit 8000, open losses 10 000, but retired so that's ok, was up when it retired? 20% down...
BBW Scalper (KBuch 80706) retired 30 days - profit 1105, open losses -500, no losing trades, 30% profit. Of course when we deduct the losses the picture changes a bit, like say 10% with 30% drawdown, but that's ok, because that one is also retired, doesn't count any more.

Here's nice one

BBW Scalper 3.9.8 Pro(Vondale 3k 95846) - profit 594, open losses -917, up 20% only 20% losing trades, this thing is -30%

All those are posted on your website with a nice growing graph?

It doesn't look so good from where I'm sitting. Looks to me like they're mostly failing in fact. I'm not going to go through the rest cause they all look like that.

Why don't you just delete all 40 and run the one you think works for a few months and then potential investors can get a coherent realistic picture of what's really going on.

Here's a basic question, what growth do you expect and what's the draw down going to be when you finally start closing those danglers...? Don't know hey, cause its all dynamic....

Heard that before.

Lets though give you the benefit of the doubt. That could all be developmental work with a bit of artistic license.

Where is the result of the EA you're going to apply to the clients account? The one that closed some losers to reduce margin usage or bank some profit, been running for a while so it works in fast and slow markets, and a percentage of the trades can be closed Monday morning to free up some funds so the client can withdraw some of the gains....

Can you show me that one?

Transparency & Consistency will get you across this minefield .. not a confusing list of juggled results. Take care.

dont get it... two days before the release of your holy grails u get concerned about them?😲

Elkart posted:
    The open floating systems are all doomed to failure. It's impossible for them to work. And unfortunately if you look at all the 'top' systems on myfxbook that's what's hanging around there. Just spam essentially, to the point where it makes the system evaluation almost impossible. I'll show you 10 000% a year simply but not closing the losses.

Your systems are retired when they're up and then shown as a good result. Some have run only 3 days, others have big draw downs for mediocre growth. Others have large unrealized positions...

That just pisses me off. Basically you're misrepresenting what's happening in your systems. To what end I'm not sure, but the first day a 30 % draw down arrives you're going to have pissed off clients on your six.

Lets have quick look:

BBW Scalper (DBuch 80702) retired 30 days - profit 8000, open losses 10 000, but retired so that's ok, was up when it retired? 20% down...
BBW Scalper (KBuch 80706) retired 30 days - profit 1105, open losses -500, no losing trades, 30% profit. Of course when we deduct the losses the picture changes a bit, like say 10% with 30% drawdown, but that's ok, because that one is also retired, doesn't count any more.

Here's nice one

BBW Scalper 3.9.8 Pro(Vondale 3k 95846) - profit 594, open losses -917, up 20% only 20% losing trades, this thing is -30%

All those are posted on your website with a nice growing graph?

It doesn't look so good from where I'm sitting. Looks to me like they're mostly failing in fact. I'm not going to go through the rest cause they all look like that.

Why don't you just delete all 40 and run the one you think works for a few months and then potential investors can get a coherent realistic picture of what's really going on.

Here's a basic question, what growth do you expect and what's the draw down going to be when you finally start closing those danglers...? Don't know hey, cause its all dynamic....

Heard that before.

I like your feedback. Much better than the twist of attitude. I did figure out that the drawdown was an issue in 3.9.8. I did go back to the drawing board and added tools to help releive the tension of the drawdown. The 4.4 verion does close losers in a moderate fashion. I have been trying to find good research that would show a good way to manage the drawdown. Everything from improving the the accuracy of the opening trades, to pausing trades for more time to allow trades on drawdown to close and I even tried to close trades that were the largest on every new candle. Still trying to make it happen. So far the cash collector is doing a decent job on a per chart basis. It closes negative trades when the positive trades reach a specifc pip value. This way the positive trades outweigh the negative trades.

Now if you have a suggestion on how to do it cleaner, I am all ears. I am not trying to win the GREATEST EARNINGS percentage award and I am not out to brag about how much percentage I am racking up, I am more concerned about a stable program that provides a steady flow with good protection to the investment. So if you would like to present me with some options that would work I would be happy to build it and test it to see how it works out.

BTW: I haven't finished collecting the data results from the retired automations. About 2 weeks ago, I had business events that caused me to get too busy trying to get higher priority things done than dealing with retired reports. If it makes you feel better, I can remove them from the list.

If you can invest $100k using this system and feel comfortable then go ahead and do it. 😇

It would yes, run a good clean one.