familiar with Euro X2? Scalping EA

[schuette]

Originally Posted by generaldee

I have recently obtained this EA with options of a stop loss and take profit and it works great when back testing on metatrader 4 turning you in a millionaire within a year. yet once i have forward tested this EA on a live demo account from Fibo group it will wipe out your account within 30 days. in which case i started the EA again on a live demo account as i knew this would wipe out my account. i also ran the ea on another live demo account with fibo group yet i set this ea to ask for manual confirmation, everytime my ea comes up with a trade i trade the oppsite to my original EA and it works great , only problem i have is that i have to sit in my house waiting for the trades i have recently setup alarms in metatrader 4 so that it will alarm me when a trade is on. reason i am writting this post is that i have recently got in contact with someone who has converted my EuroX2.ex4 file to .mq4. i do not have any programming skills and was hoping it would be possible for someone just to reverse the EA for example. say the EA put a trade on in a buy direction with a take profit of 10 ad stop loss at 23 . the new reverse ea would put the trade on at the same time yet it would be a sell trade with a stop loss of 10 and a take profit of 23 this would save me alot of time and give me more time to do better things

if anyone could help me out i'm willing to share my plans

I too bought the ea with a bonus SL and am using it for forward testing on demo account. Sofar I am up $1300 on a $5000 since 03jan. It was higher at $1800. Yes the back testing put me in the donald trump league, wish it was the same on live account, but that I'm yet to see and hesitant due very possible losses.

As you say generaldee, it could work but you can't sit around forever. Is there anybody that can help generaldee sothat we could test this theory??

[bluto]

Originally Posted by generaldee

I have recently obtained this EA with options of a stop loss and take profit and it works great when back testing on metatrader 4 turning you in a millionaire within a year. yet once i have forward tested this EA on a live demo account from Fibo group it will wipe out your account within 30 days. in which case i started the EA again on a live demo account as i knew this would wipe out my account. i also ran the ea on another live demo account with fibo group yet i set this ea to ask for manual confirmation, everytime my ea comes up with a trade i trade the oppsite to my original EA and it works great , only problem i have is that i have to sit in my house waiting for the trades i have recently setup alarms in metatrader 4 so that it will alarm me when a trade is on. reason i am writting this post is that i have recently got in contact with someone who has converted my EuroX2.ex4 file to .mq4. i do not have any programming skills and was hoping it would be possible for someone just to reverse the EA for example. say the EA put a trade on in a buy direction with a take profit of 10 ad stop loss at 23 . the new reverse ea would put the trade on at the same time yet it would be a sell trade with a stop loss of 10 and a take profit of 23 this would save me alot of time and give me more time to do better things

if anyone could help me out i'm willing to share my plans

As I had mentioned in an earlier post, this EuroX2 EA is an exact ripoff of the freely available 10Point3 EA obtainable at most Fx forums as well as it's home site @ FxS Forex - Scripts - Home. I've attached a version for you here that has a nice little dynamic stop tweak. To do what you want to do, simply attach it to a chart, enter your settings, and make sure to set the "ReverseCondition" flag to a value of 1 and.....Presto! The EA will place trades countertrend to whatever the signals are. Enjoy.

[schuette]

Hi bluto,

many thanks for attaching the EA. I will try it out and see what results I get with tweaking it a little.

Have you demoed this EA and what were your results?

Thanks again

[generaldee]

Thanks Bluto

Just installed 10point3 dynamic stop, i remember reading quite alot about this EA and another version similar called goblin bipolar, the dynamic stop is similar to the stop loss yet dynamic stop close's off all orders, my eurox2 very rarly has more than one trade at a time (last time i seen 2-3 was on NFP), after viewing this 10 point 3 dynamic stop system, it opens many trades increasing the lots everytime this is something i do not want. think they might be very similar in design but are not exactly the same, gonna run them both side by side eurox2 and 10point3 dynamic stop (i have not used the reverse function yet) as theses two if set correctly should place the trades at the same time. and be a mirror copy because they are indentical

[bkdubs]

What i have read about the 10point3, it is a trend reversal system, and as everyone says that you need deap pockets. has anyone tried hedging the position to protect against this?

Brian

[WillyNilly]

Hi Bluto, Geraldine, Everyone

I bought this firms Autointraday EA and I have extensively backtested it by everytick (1m) available and with no weekend gaps in the data. Tested it both long & short, long then short. I have mirrored the graphs to the same points and I too believe, like the EuroX2, trades in the reverse, it continually sells on movement of the currency and graphing/indicators upwards and buys on the opposite. It takes couple of months to kill your account. It has a trailing stop but it does not work.

I am in week 2 of trialling it on a demo account but after the first 2 days, has started trading opposite to the market. And as in back testing slowly eating away at the capital in my account.

If bluto would be so kind as, I am not a programmer here, and as the site is a scam, they have ripped of copyrighted material, So...... I can contact someone to have the ex4 file converted to mq4. Bluto could tickle it with a bit of his magic and repost it here for everyone to benefit from.

It would be nice if this one had an auto hedging ability so trades at the end of the day/weekend could be protected, a trailing stop loss would be great too.

Thanks greatly
WN

[nelson01]

Hi this is my first time to post and contribute facts to make things clear about forex soft netfirms such as euro x2. I have bought all the EA and tried it and none of it works.
They emailed me their new goldstream.They sell it at$200. I suggest them to put all their EA live and I will surely buy but they refuse. I think I know the reason. it will not work. They are selling just a copy of free EA then they change the name. Please stay away from forex soft for your own good.
Rather try other EA.
The eurox2 works in days but it will lose all your account when big moves comes. I have tested it live and demo for 4 months.
if you want more info you can email me at jrobert5234 @ yahoo.com (Remove spaces)

[bunglungchingdong]

Yeh dont buy anything off those people they are scammers reported everywhere on the web if someone says they are good its them posting it.

[X.Oden]

Take the money and run is my advice. You'll soon lose it trading EUROX2....my buddy just blew up his $7K account to a mere $738. I'm trading it for him and in a month and a half am up at $1200. So....take it while the taking's good.

Originally Posted by schuette

I too bought the ea with a bonus SL and am using it for forward testing on demo account. Sofar I am up $1300 on a $5000 since 03jan. It was higher at $1800. Yes the back testing put me in the donald trump league, wish it was the same on live account, but that I'm yet to see and hesitant due very possible losses.

As you say generaldee, it could work but you can't sit around forever. Is there anybody that can help generaldee sothat we could test this theory??

[bunglungchingdong]

Yeh this scalper EuroX2 you think about it if you went and setup a website everything involved to sell it why you wouldnt run it on at LEAST a demo first?Of course you would and they did and it lost money but of course they dont wanna tell you that because $200 x 5000 sales dude thats a million dollars
Now of course they probably havent sold 500 but to them its worth lying to you because thats still 100 grand for doing NOTHING.
My freind ran this last year on a $5000 account live and it made money almost up to 9k when he ran it on a demo and manually entered the trades into the live account choosing which ones.
However one night he gets lazy puts the full auto EA on the live account and goes to bed and lost more than 7k in one night.It opened huge lots way to much risk.
This is a bad EA not worth 10 cents.
Also if the mods allow it anyone who's bought any of these scam EA's should post them so people don't go and buy them and get ripped off again and again and make scammers richer.