Hello,

Below is some information I copied from my statement after 1 week with MyTurnado, the EA I purchased thru "Finest-broker". Take a look and help me decipher. I think there are some real positives, like the profit of $9,309 + high number of trades dones and good % of wins, but I don't like the stop loss settings and need to find a way to change that. Take a look and notice the one large trade that was a loss, I manually changed the SL to have it sell sooner than the EA had programmed, but I currently have a large loss-trade running right now and I am going to have that run it's course to see if it ends up correcting itself. I have had the EA running for 1 week on a demo acct

Take a look and please provide any feedback or questions.


Gross Profit: 21 636.82
Gross Loss: 12 327.66
Total Net Profit: 9 309.16

Profit Factor:
1.76
Expected Payoff:
22.38


Absolute Drawdown: 0.00
Maximal Drawdown: 5 722.16 (40.51%)
Relative Drawdown: 40.51% (5 722.16)

Total Trades: 416
Short Positions (won %):
408 (58.33%)
Long Positions (won %):
8 (87.50%)

Profit Trades (% of total): 245 (58.89%)
Loss trades (% of total): 171 (41.11%)

Largest
profit trade: 800.00
loss trade: -5 710.00

Average
profit trade: 88.31
loss trade: -72.09

Maximum consecutive wins ($): 7 (250.75)
consecutive losses ($): 5 (-605.00)

Maximal consecutive profit (count):1 150.00 (3)
consecutive loss (count): -5 710.00 (1)

Average
consecutive wins:
2
consecutive losses:
2

Hi

Your EA has a martingle strategy?

Is it high risk?

hey fxlinda...i can say...yes it works with a part of it...and you can start it with $50 account balance

Hi Fxlinda, I am not sure what strategy it is running, all I can say is to look at the results. I will post another portion of my statement next week so everyone can see. I still have a trade running at a large loss due to the high SL that is programmed in, but while that trade is running the EA still capitalizes on a lot of smaller trades to offset.

Hope that helps, but keep in touch with this thread, I will try to post weekly updates of my Demo acct with the EA I bought from finest-broker.

bringard

Hi bringard, can u plz give me ur email id as am not able to PM u.

hey bringard...why no updated statements???

Here is mine...

Summary:

Deposit/Withdrawal: 1 300.00 Credit Facility: 0.00
Closed Trade P/L: 2 918.90 Floating P/L: -216.89 Margin: 23.40
Balance: 4 218.90 Equity: 4 002.01 Free Margin: 3 978.61

Details:

Gross Profit: 5 034.20 Gross Loss: 2 115.30 Total Net Profit: 2 918.90
Profit Factor: 2.38 Expected Payoff: 8.09
Absolute Drawdown: 0.00 Maximal Drawdown: 237.86 (8.53%) Relative Drawdown: 27.57% (151.50)

Total Trades: 361 Short Positions (won %): 322 (67.08%) Long Positions (won %): 39 (92.31%)
Profit Trades (% of total): 252 (69.81%) Loss trades (% of total): 109 (30.19%)
Largest profit trade: 224.00 loss trade: -151.50
Average profit trade: 19.98 loss trade: -19.41
Maximum consecutive wins ($): 51 (247.06) consecutive losses ($): 5 (-237.86)
Maximal consecutive profit (count): 249.82 (8) consecutive loss (count): -237.86 (5)
Average consecutive wins: 3 consecutive losses: 1

Hey,

I was having fantastic results and then my temporary demo acct expired and I lost the information on the chart. I am going to start another demo acct with a new broker and start it up again. I was using Forex.com and was having very good results.

Great results for Nemesis...keep in touch and let us know how it goes.

Dear Friends,

I have bought the Turnado EA some weeks ago
and I am still testing it on 5 or 6 demo accounts
with 5K and 10K size and 0.5 and 1.0 Lot size...

Sometimes I play around with Lotsize and make it smaller
to reduce risk. I then use 0.05 or 0.02 Lot size.

When You don`t use a setting file, which you have produced
by yourself (with the smaller lotsize like above), the EA will
change the lot with almost every trade according to its
default Money-Managment settings inside.
THIS can be really risky after some days or weeks...

Atm its doing a great work and produces between 10
and 40 % profit every week!!
Depends on the brokerplatform, You use for demotrading.


Here You can open Micro accounts with 50 USD /100 USD
to handle it in Cents as 5000 / 10000 Accounts, in which the robot
works well atm.

Will check it the next month also but also start with small REAL
account to start with earning...
Will report here about my experiences!

Regards
Randy

where can i buy this ea or find some reviews?
even google finds nothing!

yes.. i need review too..

google it again...or take a look on their website... http://www.forexturnado.com

works great..

regards Patrick/Supporter

Hello,

I have this EA and it is working great on a demo acct. I had to restart it on another demo and it quickly suffered some losses, but it is working it's back up. I will post some results soon and I am going to open a demo acct with Forex.com and demo there on a $10,000 acct. Once I get that started on Nov 1st I will again post updates.

Anyone interested in this EA can track this thread for weekly updates.

bringard

you can email me if you need more information = bringard@yahoo.com. I am not a reseller of this EA, so you can expect unbiased reviews, I am only trying to find something that works as a reliable Forex EA.



Hey Randy,

Thanks for the info and keep in touch, I am also interested in your results and settings that you use since I am using the same EA with the programmed settings.

Good luck
bringard

Hey Bringard,

I send You an Email ... please check!
_________________________________________

Turnado EA is still doing perfect on different demo accounts
with 5K and 0.1 lot size.

I will open my first real accounts with 50 USD in MicroSize
in the first week of november to see what the robot will do!

Will watch and control it several times a day and I also
close out some + trades, when I see them. I don`t wait
for them to get bigger, cause they often change into - trades then...
Will also close ALL trades on friday at 12.30 GMT and start
EA on sunday 12.00 pm GMT again...
suggested by prof traders and EA programmers...

Please also post Your experiences here or send info private to me.

Thanks a lot ( Lot ? ) !!

$§:->)
Randy

You know, I've been scratching my head trying to work out how you managed to run an EA on Gain Capital's (forex.com) platform?

They also allow trading on their MT4 platform, but it is in BETA yet.

ATTENTION >> Be Careful!!
_____________________________

After some weeks of successful demo trading the Forex Turnado EA produced some
HEAVY losses on my demo accounts with 5K and 0.1 / 0.05 lot size tonight here on GMT +1.00.
Minus trades were taken from 500 USD up to 5000 USD and the bot changes its lotsize
up to 4 or 5 by itself although not got order to do so...


The only platform, where the robot didn`t produce the same big minus trades
And this is something, which I cannot understand!
Please someone explains this! Does this mean, FxOpen does not work with real market information
on their demo accounts OR the market signals for their demo accounts are SO FAR away,
that someone is (like in this special case tonight on GMT) protected from big losses through this ??

This is something bizarre and strange...

So, Mr. Patrick, we are waiting for a plain explanation from You about such happenings.
And also an advise how to avoid such occurances ( if possible ).

Sorry, but my (EA) hopes are slowly, but steadily fading away...

Always Yours
[i]Randy

__________________________________________________________

NO MARKET, but [color="#0000FF"]TRUTH and LOYALTY counts and will stay forever

I agree with you Randy, this EA worked great for a couple of days but has since destroyed multiple demo accts. It actually ate up a $5000 demo acct overnight. recently it will post about 20 wins of $3.50 and then a loss of $100, then again and again. I turned it off and have been looking at others.

Dan