One of my friend recommend to me to use TradeGoose EA. TradeGoose is a hedging EA that use Arbitrage Correlation system.
TradeGoose EA is using 3 set of pair in Hedging.
USDJPY/EURCHF->takes few trades limiting income and limiting risk
USDJPY/USDCHF->trades with greater frequency, with a moderate level of risk.
GBPJPY/EURCHF->trades with the greatest frequency, maximizing income potencial yet increasing the level of risk.
I test it on IBFX standart demo account with recommended setting of all 3 set of pair and with recommended balance since 30 April 2008.
But I don't use recommended leverage. Recommended is 1:200 leverage but I use 1:400 leverage to see how TradeGoose EA perform.
My forward test going smooth and then they release the update of using only 2 set of pair USDJPY/EURCHF and GBPJPY/EURCHF.
Just before Friday 6 June 2008 Non Farm Payroll news. My Balance is up about 80%. Yes... 80% in about 5 weeks is impressive result. But bad news is TradeGoose EA can't stand to Non Farm Payroll News this time. My account got Margin Call because of the high Drawdown. So it close minus $6857.74 Remaining balance is up about 18% now. And it still have floating minus $7294.59
This result because I'm using 1:400 leverage, if I use 1:200 maybe I won't get margin call because the Drawdown is cut by half. I can't make new forward test using 1:200 anymore, because the trial is only for 1 month. They already extend my trial because of the releasing new version.
Infact after the Non Farm Payroll news, TradeGoose team email all the subscriber tips about how to lower the Drawdown and only use 1 set of pair in hedging GBPJPY/EURCHF.
This is the forward test graphic using TradeGoose EA since 30 April 2008.
You can download my forward test detail statement dated 08 June 2008
What I know about hedging system is It give small profit with small Drawdown, but TradeGoose EA give high return with high Drawdown. Anyone testing TradeGoose EA also? Maybe can share the experience.
PS: TradeGosse EA only available in monthly subscription using paypal.
Sunday, June 8, 2008
TradeGoose EA
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1 comments:
Hello duyduy,
I post here a short test of the last release of Tradegoose. Only 1 week oh history on a 1:200 nano on Alpari with a start of 10000. ( far less is not a probleme at all with a nano count.)
580$ in a week is a good result for me but it was the last week with the friday news....so you can see in my statement 450$ of floating loss.
Conclusion, a very promising EA, but if the month paiment is really 100$, it is really not for me.
fcaillou
PS in the same time, my demo of PID and carrygriding have loss far less.
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