Recruitment of participants iProfit Forex Robot [MT4 EA]

Discussion in 'Expert advisors, trading robots, MT4 experts' started by GOODMEN, Oct 21, 2020.

Stage:
Recruitment of participants
Price:
470.00 USD
Participants':
6 of 30
Organizer:
GOODMEN
20%
Settlement fee for participation:
16 USD
  • Participants of Joint purchase:
    1. (anonym)
    ,
    2. (anonym)
    ,
    3. rpfslb, 4. Ilia, 5. MyraKale, 6. kyler;
  1. GOODMEN

    GOODMEN Administrator
    Staff Member Administrator

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    iProfit Forex Robot (MT4 EA) : The World's Most Successful Neural Network Strategy

    Discover the features that make iProfit Forex Robot (MT4 EA) the most reliable and profitable solutions for professional traders and fund managers around the world.

    Trading Logic
    Self-contained neural network system dynamically adapts to the most recent price action and updates the predicted high/low values every hour.

    7 Yrs Live Track
    Proven consistent performance with a seven year MyFxBook verified performance track record. Reference account run on IC Markets – a highly reputed broker.

    12 Yrs BactTest
    12 year tick data back-tests with 99.9% accuracy shows the robustness of the strategy. Comparative results of live trading vs back-test available for past 6 years.

    Gain Potential
    iProfit has gained over +8000 pips consistently since its inception. The average gain potential is +170 pips/month (monthly equity gain of about 5% at medium risk level).

    Account Safety
    Safe trading strategy with server side SL, hidden SL and TP. All trades are closed on Friday – No trades held over the weekend. No Grid, No Martingale, No Hedging.

    Traded Pairs
    Excellent diversification by trading pairs with varying degrees of correlations. The recommended trading pairs are : EURUSD, EURJPY, XAUUSD, GBPUSD, AUDUSD.

    iProfit Forex Robot
    The iProfit Forex Robot (MT4 EA) is a fully self-contained/standalone NN system which can be traded on any pair of your choice.

    The EA is MT4 strategy tester compatible and can be back-tested on any data of your choice. Minimal price feed dependence and performs similarly on all brokers.

    • Fully Self Contained MT4 EA
    • Performs well on all good brokers
    • MT4 Strategy Tester Compatible – Can be tested and traded on any Forex pair
    • Valid for 2 accounts (Real or Demo)
    • Recommended Pairs : EURUSD, EURJPY, AUDUSD, GBPUSD & XAUUSD
    • Risk per trade can be set individually for each traded pair

    iProfit Forex Robot Trading Style

    iProfit Forex Robot is an ultra-short term strategy trading on H1 time frame (every tick). This may not be classified as a scalper. The system has a success rate of 62% average gain size : 25 pip and average loss size is 27 pips. We recommend broker accounts with lowest possible spreads on all the traded pairs. iProfit strategy is not to outsmart the markets. The EA trading style keeps generating small gains while keeping losses low – the trading volume gradually add up to net profits. iProfit aims to bring in monthly gains consistently, however there have been losing month (s) in the past and must be expected in future also.

    2.png

    Screenshots of typical trades across various pairs during the same time period is presented above. The iProfit Forex Robot HUD (chart messages) will indicate the current price action status from the EA’s point of view. Advance trade entry notification will be displayed along with entry price when Bullish/Bearish conditions are present. Entry price is made spread independent by the trigger price being calculated as average of Ask and Bid. This reduces trade differences between accounts with different spreads. However, trade trigger will only happen if the price touches/crosses the entry/exit price. Broker feed difference of about 1 pip would be common and this may lead to entry time difference/no entry in some cases. iProfit Forex Robot is a frequent trader and averages about 100 trades. Trade differences between account (if any) would be smoothed out with in a short period of time.

     
  2. MyraKale

    MyraKale New Member

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    The price of $470 is annual subscription fee and valid for two accounts. So at any time two accounts can only be used on this license.
     
    Some1 likes this.
  3. GOODMEN

    GOODMEN Administrator
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    we will check after the purchase.
     
  4. h3ks

    h3ks New Member

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    Please login or register to view links
     
  5. h3ks

    h3ks New Member

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    Profit on a real account in 2020:
     

    Attached Files:

  6. MyraKale

    MyraKale New Member

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    In order to provide a rational analysis, the equity curve, capital or risk used by the vendor’s trading account should not be considered. For the most accurate performance analysis, derive the pip gain-loss from the MyFxBook verified trading history and use this data in all analysis. This provides a consistent basis for analysis and removes any factors that mask the actual performance of the strategy.

    [​IMG]

    Please login or register to view links and its performance since August 2013 :
    Please login or register to view links
     
  7. vinh nguyen

    vinh nguyen Member

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    25% DD for average 1% profit per month is not good
     
  8. h3ks

    h3ks New Member

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    upload_2020-10-30_9-11-52.png


    I rather have these consistency and slowly increasing lot size than the extreme profits other promise and most of them don't deliver.
     
  9. MyraKale

    MyraKale New Member

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    iProfit uses geometric money management - this means that the trade size will depend on the account balance and risk level specified for the trade. The trade size will always be calculated based on the risk per trade parameter set by the trader (There is an option to used fixed lot size also). When there is an increase in account size, the trade lot size is increased. When there is a decrease in account size, the trade lot size is decresed. This is a safe money management strategy and there is never a risk of blown accounts.

    The equity return depends on the account balance and risk level used for trading.

    How Account balance affects returns?

    When account size is less than $1000 the lot size variations are not as smooth as when the account size more than $3000.

    For example when risk per trade is set at 2.5% per trade:

    Account with $700 : The trade size is calculated as 0.015 the trade will be executed as 0.02. This would mean the trade was executed at a higher risk of 2.8% on the $1000 account than the intended 2% per trade. If the trade size was calculated as 0.0149, the trade would be executed at 0.01 which is result in lower risk than the intended risk level.

    Account with $5000 : The trade size is calculated as 0.12 the trade will be executed as 0.12. This would mean the trade was executed at the intended 2% per trade.

    For example when risk per trade is set at 5% per trade:

    Account with $700 : The trade size is calculated as 0.03 the trade will be executed as 0.03. This would mean the trade was executed at the intended 5% per trade.

    Account with $5000 : The trade size is calculated as 0.12 the trade will be executed as 0.12. This would mean the trade was executed at the intended 2% per trade.

    In my review of iProfit, I have made the following observation:

    Equity curve of an automated trading system is generally used by most traders to judge a system. Most realize that this is a fatal mistake which often ends up to be a very expensive learning lesson. Equity growth can be deceiving and is only reflective about the good or bad stints of the strategy. Equity growth hides behind risk management which has a tendency to hide the strategy’s weakness.

    In order to provide a rational analysis, the equity curve, capital or risk used by the vendor’s trading account should not be considered. For the most accurate performance analysis, derive the pip gain-loss from the MyFxBook verified trading history and use this data in all analysis. This provides a consistent basis for analysis and removes any factors that mask the actual performance of the strategy.

    The following equity gain charts have been derived from the Pip gain chart using a account balance of $10000 for low, medium and high risk (available on iProfit site - Chart Data updated up to August):

    [​IMG]

    [​IMG]

    [​IMG]

    The trading data is derived from iProfit IC Markets real account and takes into account the actual swap + commission charges (@$6 per round lot) that would be incurred at the respective risk levels.
     
  10. MyraKale

    MyraKale New Member

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    One aspect to consider when deriving the monthly gain would be the following:

    iProfit started trading in August 2013. Since then there have been two major updates - in Jan 2015 and then in Sept 2019. The versions phases and performance improvement has been marked out in the following chart:

    [​IMG]

    In the long term at medium risk, traders can expect an average monthly gain of about 4% with a possible max drawdown about 30%.
     
  11. MyraKale

    MyraKale New Member

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    iProfit Performance During US Election Week : +581 Pips (26 Oct-6 Nov 2020)

    [​IMG]

    The strategy has proven yet again that it is profitable to trade without interruption even during high risk events like elections and high impact news releases.
     

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