Tuesday, April 29, 2008

PIPMAKER V10 EA

Pipmaker EA is free EA that you can find in it forex tsd forum.
You can download it in "Pipmaker EA"

Pipmaker EA is martingale and price action based EA. I forward test Pipmaker V10 on demo account for 1 month and give good result. But the detail statement of my demo account already deleted. And then decide to go live with Pipmaker V10.

I'm using FXOPEN on demo and go live with FXOPEN cent account.
The result is good in the 1st week.
But something bad happend in my live account.
"REQUOTE" all the time. I don't know it in the 1st place.
I know it when low level martingale close but my high level martingale don't close.
But it's already too late...
When I check the journal. It's requote and the DD already huge.
You know what happened next, It's margin call.

The EA have a potential and now already develop to Pipmaker V12.
But I don't test it and use Pipmaker EA after V10.

The lesson I learn is forward test using demo account give different result with live account. So I don't believe in backtest result too.
Good EA can give bad result if you are using different broker.
So choose your broker wisely.

Here is my live graphic


You can download the live statement

Digg this

1 comments:

Anonymous said...

Sorry to hear about your loses , thanks for your efforts!