I found this Bartrader EA on ebay. The price is impressive so i give it a shot to make a forward test.
It's look like demo version is different than live version.
Demo version only work for GBP/JPY and GBP/CHF pairs
Here what I found about Bartrader EA,
* Bartrader EA is not a martingale EA.
* Bartrader EA use fixed TP and fixed SL.
* Bartrader EA close all position on Friday
* I still don't know if the EA best for ranging or trending market.
* Bartrader EA has automatic Money Management.
I'm not sure how the MM works.
I open $1000 on IBFX mini account and the EA open 0,1 lot or
$1000 on IBFX standard account open 0.01 lot
It means 10 cent/pips movement or equal to 1% risk.
My forward test since 12 August 2008 till 16 August 2008 (4 days) get return 3,7% using 1% risk
This is my forward statement graphic using Bartrader EA since 12 August 2008
You can download detailed statement dated 16 August 2008
You can request demo version of Bartrader EA.
Email : sam60402[at]comcast[dot]net
Just tell him, u get the email from duyduy blog.
EDIT: I just received new version of Bartrader EA with new improved Money Management and can set the lot manually.
Friday, August 15, 2008
Bartrader EA
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2 comments:
I want to share my experience with Bartrader by Samuel Sarullo. I have been forward testing it for 8 weeks solid on demo. In that time it has destroyed 2 demo accounts in a very short amount of time and is well on it's way to destroying another one.
It is my belief that this expert is a work in progress at best, or at worst a total scam. I am leaning toward scam at this point in time based on the sheer and utter greed displayed by the owner/author(Sarullo) - I think he hopes to recruit a few newbies stupid enough to to believe his outrageous claims and part with the $5000.00 up front fee and agree to his lease arrangement of 45% profits per month to him, and then he might just happen to fluke a winning month, in which case Sarullo will clean up.
My advice is stay well away. He advocates 20% drawdowns as normal and acceptable - and believe me this thing can drawdown to 20% in 1/2 a day. It opens up to 10 positions per pair and he recommends trading two pairs at once - the GBP/JPY & GBP/CHF - the two most volatile pairs on the market. Very dangerous, stay away.
Email From Sarullo Aug 13 2008
Hi All,
I am thinking of holding a special auction on Ebay for Bartrader.
This would be latest version everyone has this minute generating those huge pip counts.
it would be a 3 day auction for $5,000.00 bid price and 45% of Monthly Profits. No additional lease amount would be due from winning bidder.
we are having discussions on pros and cons of this one time auction....any input would be appreciated.
Thanks
Sam
BTW - I never saw any huge pip counts. Not once - ever - zero - zip - zilch - get the picture?
Hi Jase,
I just updating my post about Bartrader EA.
I agree with u about Bartrader EA HAhahha
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