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Moving Average Crossover Robot Available on MetaTrader 5

Jim — Wed, 28 Apr 2010 23:12:42 +0000

Now that MetaTrader 5 is finally able to perform backtests we've rewritten another of our example MT4 expert advisors to run on MetaTrader 5. Since the members of our forum seem to be particularly keen on moving average crossover systems at the moment, we've ported our robot example 3 over to MQL5 and tested it out using the MT5 strategy tester. If you want to try this for yourself please feel free to download our MQL5 source code.

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Is a Scalping Ban Next on the Regulators Agenda?

Jim — Tue, 03 Nov 2009 11:48:40 +0000

The BBC reports this morning that Lord Myners, the UK "City minister" and former head of fund manager Gartmore, has his doubts about the development of high-frequency trading (or HFT for short). He told the BBC that:

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Forex MegaDroid Live Test Results for August 2009

Jim — Mon, 07 Sep 2009 11:08:58 +0000

In our previous live test results for June and July the Forex MegaDroid MetaTrader 4 expert advisor did at least manage to make a profit. Sadly the "robot" seems to have lost it's way over the summer holiday season. In our live account at Alpari UK it lost money. In percentage terms it lost a lot of money!

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Our First FapTurbo Evolution Backtest

Jim — Thu, 16 Jul 2009 21:45:59 +0000

If you recall we didn't have much luck comparing the original MetaTrader version of FapTurbo with FapTurbo Evolution in forward testing. We have managed to do rather better with our backtesting. One of the reasons backtesting FapTurbo Evolution in Dukascopy's JForex platform takes so long, if you follow the instructions in the Evolution manual at least, is that it uses tick data rather than one minute bars like MT4. This makes the results more accurate, but also much more time consuming to obtain. Here's the equity curve we obtained for the period starting on 5th July trading the EUR/GBP pair using the default input settings:

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FapTurbo Evolution – Our First Impressions

Jim — Wed, 15 Jul 2009 09:40:20 +0000

At the last count I had received 28 emails over the last few days advising me that "FapTurbo Evolution is LIVE!" and such like. Five of them were from the Forex MegaDroid team. I was a bit confused because I was sure that I got a few emails 2 or 3 weeks ago telling me about a robot called FapTurbo Swiss, which sounded a lot like this new one. Clearing my thoughts, I followed one of the plethora of links to the FapTurbo Evolution sales page, which told me at the top that:

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Forex MegaDroid Kills the Competition – Literally!

Jim — Wed, 15 Jul 2009 08:32:43 +0000

Our adventures in MetaTrader land with the Forex MegaDroid took a sinister turn last night. The robot didn't make any trades but it wasn't completely idle. First it lost its memory, then it killed another robot. Maybe it was jealous and decided to stop a competitor from profiting whilst it could not? Maybe it just went totally out of its mega-mind?

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The Forex MegaDroid Forward Testing Fantasia – Variation 1

Jim — Tue, 14 Jul 2009 18:03:39 +0000

As our regular readers will know we've been having a few problems getting consistent results from our Forex MegaDroid backtests. We've also had a major problem with our forward tests. The robot hasn't traded for weeks! However last night the Droid leapt back into action with avengeance! Please bear with us while we explain what our various virtual private servers discovered for us while we slept.

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Forex.com Promote Hedging in the UK

Jim — Fri, 10 Jul 2009 10:28:13 +0000

I received an email this morning from Forex.com promoting the benefits of opening a MetaTrader account with their FSA regulated UK operation. The headline read:

Total control of your trading strategies. – Don't let hedging restrictions affect how you trade your account.

When I clicked on it I didn't receive lots more information about how hedging restrictions might affect my trading. Instead I found myself looking at an online application to open an account at Forex.com UK

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The Forex MegaDroid Backtesting Blues – Track 1

Jim — Wed, 08 Jul 2009 09:04:14 +0000

It's now three month's since "Forex MegaDroid landed on the Forex industry like a BOMB". The time has come to try and tie together all the backtesting, forward testing and live testing, and to decide whether to keep the Droid running on our virtual private server for a while longer. Unfortunately this is not an easy task!

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Forex MegaDroid Live Test Results for June 2009

Jim — Sun, 05 Jul 2009 11:38:28 +0000

Here are our first set of Forex MegaDroid live test results, which cover the month of June 2009. Here at the Trading Gurus we recommend forward testing any new forex trading system on a demo account for at least three months before even thinking of trying it using real money on a live account. However our loyal readers have been asking to see some live results. After 2 months testing on a demo account with no major disasters for the MegaDroid we decided to start live testing using a modest initial deposit of $500. On an account that supports micro-lots this is sufficiently large to allow the Droid's money management system to start trading with more than the bare minimum position size. It is also a reasonable sum of money for someone new to forex trading to be prepared to lose. As you have hopefully realised by now, newcomers to forex trading do have an unfortunate tendency to lose money.

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