Download Algo 2.0 EA

Hi, I downloaded the EA but it is for Gold Only. Have you also the EA for all pairs with settings? Thanks

 

I'm told by several people this EA isn't the real algo 2.0

Someone in a group said they have the real one and tested this and it trades differently.

I'm thinking it may be worth a group buy on the real one

 

I HAVE THIS ONE BUT I HAD A CONVERSATION WITH THE SELLER AND THE ORIGINAL HOW HE EXPLAYIND ME IS TOTAL DIFFERENT

 

Yeah what he said sounds correct to be honest...

Algo dark is £500 and comes with a news filter, whether it's any better than a normal new filter I don't know...

BUT apparently people have had their licenses stopped for buying and sharing the EA, you only get 3 or 5 licenses with it. However I'm not sure I believe the service has been stopped, or it's just to scare people. I think we could buy this and this and admin can send to remove the account lock

 

they still have great results (For Algo 2.0 and for GoldScalping)
https://www.myfxbook.com/members/Tradingboss
Algo 2.0 (trial) is 120$
GoldScalping (already unlimited) is 389$

Maybe Buddy is right

 

maybe let me do some backtests with what we have to see if it is different.
but not today. ;-)

 

Thanks yeah that's a good idea...

The owner says backtesting the "fake" EA will blow it...

It's still quite a new EA on myfxbook, the results are amazing for the gold 7 pairs though... I'd certainly buy the real version if we can share the cost

 

Sure appears martingale to me:

 

How does negative pips work if overall there has been profit?

 

lot sizes. due to martingale

 

Please read and understand more:
https://admiralmarkets.com/educatio...ingale-strategy-a-negative-progression-system

Basically, recovery orders of greater and greater Lotsizes are used to close the preceding earlier orders of lower Lotsizes.
The earlier orders of smaller Lotsizes have travelled larger distances (measured in pips), and the latest (recent) orders of larger Lotsizes only travel a small distance before all positions close for a positive Dollar profit, and negative Pip profit.

Take a look at ANY martingale system, and this is the tell-tale indicator that the system trades:
1. against the trend, hoping for a correction;
2. increases trade Lotsizes, which can exponentially increase risk of a Margin Call.

 

i saw that ;-)
still, very interesting.
- under live monitoring since beginning (Aug 2019)
- means that the drawdown is real.
- profit per month/drawdown is 1:1. this is excellent.

BUT
certaiinly either big account (like authors - started with 25k and now at 100k)
or different parameterization

on this real account
https://www.myfxbook.com/members/Tradingboss/account-management-algo-20-/3834094
they run some softer, more like a gridder version of it

 

what is for sure - it is not EA to just start and run and not for everybody.
i see potential that could be explored.
it is not coincidence that their 3 eas run quite well. on different pairs and timings.
will they blow up someday ? for sure.
the question is if there is a way to play with the EAs to get profit and maybe to define some cutoff of balance, like 50% where you take losses and restart EA and recover losses quickly.
needs to be explored.

But for this exploration, we need to buy ;-0

 

Thanks I understood the basic reasoning for martingale, but didn't realise it worked out as less pips, thanks

 

True of any EA actually. Just possessing the EA or System is no guarantee of success, because it is equally or MORE important to have the correct settings and setup (pairs, timeframes).

But there are some strategies which carry inherently greater risk (hedges, grids) and then some with even greater risks (martingales, multicurrency baskets, HFT, scalping).

Number 1 rule of trading is ALWAYS Capital Preservation.

Look after your Pips, and the Dollars will take care of themselves.
https://www.mql5.com/en/users/bluepanther/page32

 

The seller has said this:
Its not martingale

Its hedging and martingale

We can change it to hedge only
Or fixed lot or anything

However the fake algo 2.0 claimed by whoever is selling it cannot change it to hedge or anything like real

Also it will only open trades at 10 pips

But real can be changed to 20 pips or anything the client wants

 

I belive its not like that. People want to become billionare in a day thats why. Many EA needs 5x capital but people use 1x so capital gets wiped out. And mostly everyone runs behind profit %.

 

link download off