SteadyWinner on GBPUSD

When I want to use “strange” strategies, new systems, settings or else, of course I use a demo account. (This is the public profile – you can copy it with ZuluTrade, but I don’t suggest it, it’s devoted for experiments)
If you remember it, a month ago I wrote that I would have stopped to use SteadyWinner free.
In fact, the winning ratio is high, but when it loses, loses too much. I didn’t remove and delete it, I put on demo on the  GBP/USD pair, instead of the recommended EUR/USD pair.
In a month it traded much less, just 7 trades, but it didn’t perform too bad, this is the complete report of all the demo experiments:
(Notes on the report: #7 and #10 are censored because it’s a good EA, but I set it wrongly, the bad result is my fault. EA Boss looks great, but it was crashing my platform every day at 11pm, causing losses for hundreds of pips (not pictured here for an unknown reason). It would be interesting to reverse the #12, but it’s just a trade copier from a remote server, so I am not sure how reliable it is in long term)
In this five weeks SteadyWinner free on GBPUSD had a better performance than the Euro/Dollar default setting, although much more slow (just 7 trades).

I’ll continue to keep it in demo for more time.

PipDefender alternatives

I  love PipDefender! Using it, I can do a virtual trailing stop on pairs with very high stop level.
There isn’t another trade manager as versatile as it. And it’s free!
The problem is that from the end of June is no more usable: the public version is expired, links to the SteadyOnFX website, but you can’t download a new one.
Awaiting that Daltanious (the coder) has some free time to release the new version, I need an alternative! Which? I searched for hours, but there isn’t an equivalent product…
This is what I found:

CompuForex Trade Manager

Pros:
  • Free
  • Trailing stop
  • Can manage losses in a cool way
  • Many features
  • “Greedy mode”, after a set hours, it moves gradually the stop loss to the current price, to maximize the profit if a retracement happens
  • Since the code it’s totally contained in the EX4 file, I there are not those deactivation problems when a communication error happens between the server app and MetaTrader
  • English language

Cons:

  • No hidden/virtual stop loss (stealth)
  • I didn’t manage to make it work very well: every trade was going breakeven

TrailEvo 2

Pros:
  • Free
  • Trailing stop
  • Many features
  • Since the code it’s totally contained in the EX4 file, I there are not those deactivation problems when a communication error happens between the server app and MetaTrader

Cons:

  • No hidden/virtual stop loss (stealth)
  • Only in Italian language
  • You have to register to that italian forum to download i

Stealth EA

Pros:
  • Trailing stop
  • Stealth management 
  • Many features
  • Since the code it’s totally contained in the EX4 file, I there are not those deactivation problems when a communication error happens between the server app and MetaTrader
  • English language

Svantaggi:

  • You can only set virtual stop losses
  • It costs 120 euro

To compare it, I insert pro and cons of PipDefender:

Pros:
  • Free
  • Trailing stop, stealth or normal
  • Many features
  • “Greedy mode”, after a set hours, it moves gradually the stop loss
    to the current price, to maximize the profit if a retracement happens
  • English language

Cons:

    • Expires every now and then (more than 60 days are passed from the expiration day, but we don’t know when the new version will be released – you shouldn’t look a gift horse in the mouth, but it’s still annoying)
    • The main code is contained in a server application that communicates with the MetaTrader – it happened to me sometimes that the server application exited for some error, leaving my trades unmanaged.

    RobinVOL review

    After reading stellar reviews on the DonnaForex forum, I asked to my friend to lend me his RobinVOL license for a month. This EA costs $395 + $195/year and promises wonderful results.
    Is that true? Since my friend decided to don’t use it in the summer period “for safety”, I forward tested it from the 13th august to the 13th september with 0.01 lot. How it was?

    The result after 30 days is disappointing: it was almost breakeven. Don’t forget it’s a long term strategy. In fact, using it in “full week”, ending in friday, 14th, the result was better.

    Will I continue to use it? No, I already removed it and gave back the license to my friend. As I said in the past, I don’t really like long term strategy, as they give me anxiety. Moreover, in order to recover the high license costs, you have to invest a lot of money, it looks like with a $1000 account, at the end of the year you will just recover the license price.
    Then, according to someone on the Internet, this system it’s inspired to Forex Growth Bot, a famous $129 trend following EA that’s around from 2010. On myfxbook you can find people that is using it from january 2011 and it’s almost breakeven.

    Two hours of caution

    For the last month I’m using the daily breakout EA with success. I do a little remark: it’s important to set the parameter “Ore di prudenza iniziale” (initial caution hours) at 2, in this way the EA will wait two hours before opening a trade at the usual time (11:00 UTC+1), with different results.

    This is a week with default settings
    This is the same week, but with two hours of caution
    Maybe a week it’s not enough to judge, but I think it runs better, in fact it’s a suggested setting by the EA coder.