PipMania and other EA's from Secretsfromtheheart

[needabreak]

Colleen or anyone else, do you have any experience with EAs from Secrets from the heart? I am expecially interested in PipMania, but would welcome info on Trumpeter Gen 2, Paradise, Fx News Raider, and PipBandit. None of these is currently being tested on forexpeacearmy.

[Simon]

Hi needabreak,

Do you want us to do a test on Pipmania? I can certainly request a test copy from the seller for this section if you want.

Simon.

[needabreak]

Simon that would be great. How soon would that be possible. Thanks, Bruce

[Simon]

Hi Bruce,

I have emailed them and await their reply.

Simon.

[Simon]

Hi Bruce,

Sorry mate, but the answer is no:

"I guess I have some good news and bad news for you. The bad news is that I don't offer free product for those wanting to test...my products.... I am here to work with clients to give them any assistance they require to get them seeing consistent success...my client base is small and it allows me to give better service."

The reply was considered and sincere. I think Patty has been burned before and doesn't need the hassle.

Anyway, she has given me the link to her MT4stats account, so you can judge the performance for yourself - it is impressive and I'm sorry we couldn't persuade secretsfromtheheart to contribute to this Forum.

MT4 Stats - Share your MetaTrader 4 Statements with the world

Simon.

[capsmart]

Yes there is some action.
A lot of 6 pip trades and the stop loss is 10 times the profit ratio.
1200 pips since the beginning of January. About 150 pips a month?
Not bad.

[matthewc]

Morning CapsM.

I just took a look at that pipmania statement as well, but I didn't see from the statement how one could deduce what the stop loss would be set at. Sure, if its a loss then we see the negative pl, but is there a way to see what the stoploss would have been set to?
You mentioned that the stop/loss ratio was 10 times and I just wondered where you saw thst..

Thanks..

[capsmart]

You are right. This was the impression I got from browsing through.
So I created an Excel file and the results are:
From 727 trades 584 were profitable and 143 Losses. About 80% wins.
The average loss was 12.95 pips
The biggest loss is 55 and the smallest 1
and the average win 5.25
The biggest win is 24 and the smallest 1.
There are also some 0 pip trades that I did not take in consideration.

At least I said that it was making a profit of 150 per month.

Thank you for correcting me.

[needabreak]

Thanks for trying Simon!

Are the "MT4stats" from live trading or is it a demo account?

[needabreak]

Capsmart,

I agree with Rollieroger when he was talking about his results from testing Pip Poacher........"I used percentages because they have more meaning than dollars or euros or pips. Dollars are meaningless without the amount invested and pips are meaningless without the amount risked."

That being said how do we judge the MT4stats for Pipmania. I do not see a starting balance. How can we then determine a monthly % gain to compare to other EA's? Did I read on one of your posts that you use Megadroid? How has that worked out for you pip total and monthly % gain over the same time frame as Pipmania?