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Friday, July 11, 2008

ForexAutoPilot by Mark Copeland


This ForexAutoPilot EA was developed by Mark Copeland. To prevent any confusion it is just the same title, but not the same owner as FAPS system. Mark's site looks really cool with good package green graphics and nice words about profits...Again nice backyard and luxury Bentley (that became a tradition on forex websites, I wonder why don't I have it ;) So I got really excited about it and decided to buy the system. Instructions were pretty nice too. But what a shame, I was really dissapointed with results. Take a look on the backtest of Mark's system

Click to enlarge the image It makes some profits in 2007 and then totall drawdown and deposit loss in 2008. You could better flip the coin...

Thursday, July 10, 2008

Steinitz HAS MTF Robot

REVIEW: Many visitors of my website asked me to review this Steinitz HAS MTF Robot by Donald Steinitz. To be honest I was really impressed by the quality setup process of this EA and detailed instructions PDF. The EA uses several indicators and has TONS of parameters. (!!!) I never saw such great number of parameters before, good work.

Anyway Steinitz HAS MTF Robot Backtest looks strange to me Click to enlarge the image

Maybe I used wrong pairs or wrong settings? I just used the default settings with recommended currency and timeframe. To be honest I gave up. I dont have enought time to optimize tons of settings of this complicated system when I have a lot of other good profitable systems to use. I would say this Don Steinitz's system is too complicated for ordinary users like most of the fellow traders..