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3,540,000% gain within a year with just $500!
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1282		 Page 3 of 6
Author:  garyfritz [ Sat Dec 15, 2012 3:11 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
I'd love to see you reverse-engineer it, even if you didn't get the full 94%-wins result.

And you don't need that many coding skills to do it. Reverse-engineering a system from its trades is NOT easy, but you can do it just by looking at charts and observing patterns: does he usually trade at a certain time? What's the setup? What's the trigger? If you think you've got it figured out, describe the behavior and I can put it into Tradestation and see if the backtest matches the myfxbook trade history.

One difficulty is that (assuming the trades are real) it's very possible the guy was trading discretionarily -- meaning he might not have been acting consistently, or he might have been trading several different types of signals. Sorting out the trades and determining which ones are from signal A and which from signal B can be very tricky, but you need to do it if you want to find the consistent patterns for each signal.

It might be easier to start with the EA report that eddysukses posted. That was apparently an EA, so at least that should be acting consistently. It still might have several unrelated entry signals but it should be easier to reverse-engineer than a human's trades.
Author:  scheinwerfer [ Sat Dec 15, 2012 3:30 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
I agree with Frankie, too! But I'm not sure about the outcome... In principle it should be possible to get an idea of the trading concept and probably the type of indi which carries the main opening signal. But the amount of variables involved makes it that many times harder respectively. Gary, running it through TS might not bring the answer straight away, because 2 things are needed - the right indi and the right settings. Not knowing the latter pretty much guarantees that the trades are close but not matching (manual verification needed that the trades are in the same region), so all in all it is manual approach which should be the most efficient way to get meaningful results.

If there's manual or even discretionary intervention on top of automatic execution as you guys suggest, this leads to new twists and questions... Better to push this part aside for now.

What do you think, how was BS7 developed? I hardly believe it was done on MT, it shouldn't be any high-end trading software also because then he wouldn't mess around trading with crap like MT.

Considering the game plan I can't really add anything new to what Gary said above, maybe someone has sparking additions or even better approach?
Author:  odysseus11 [ Sat Dec 15, 2012 5:55 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
Without knowing the broker there is no way to be sure of the validity of the results (and notice also the track record and trading credentials on the live account are unverified). However, the trader doesnt appear to be SELLING anything so what would the point be of using a broker that has colluded for the results (which can and does happen, but there is usually a sales pitch of some kind at some point, and there isnt one here anywhere). Amazing results even on the real account.

A few observations without any real reverse engineering analysis(all based on 2011):
only averages around 12 trades a month
trades are opened first 2 hours of major market opens
looks to have TPs of around 85 pips

What is interesting is that myfxbook allows you to download a CSV/excel of the trades, and the history is public. That SHOULD theoretically allow for deep analysis, though not necessarily real reverse engineering.
Author:  Mariusz [ Sat Dec 15, 2012 7:19 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
I have been also impressed by the performance of the BS7.

I asked Mr. Google and this is what I found: http://www.sistematraders.com/
It looks like someone is trying to sell something around BS7.

I would say - WATCH OUT... if somebody is asking for my passport ID and then for payment from my bank account I would definitely stay away...

But the question: is it possible? still remains...

BTW: looking at gain in pips it seems to me that he had some kind of profit locking system (like T101 in the Basket System).
Author:  scheinwerfer [ Sat Dec 15, 2012 9:30 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
Good catch, Mariusz! This pretty much says it all...
Author:  frankie [ Sun Dec 16, 2012 2:46 am ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
Mariusz wrote:I have been also impressed by the performance of the BS7.

I asked Mr. Google and this is what I found: http://www.sistematraders.com/
It looks like someone is trying to sell something around BS7.

I would say - WATCH OUT... if somebody is asking for my passport ID and then for payment from my bank account I would definitely stay away...

But the question: is it possible? still remains...

BTW: looking at gain in pips it seems to me that he had some kind of profit locking system (like T101 in the Basket System).
Good find there... And i thought i was a good hunter :) BUT, I think the sale is fake! Had you paid the "dude" after getting the email that you were among the 100 ppl that made the cut, gotten the bankaccountnumber via his "hotmail", you would probably get a copy of a ripped FABturbo.ex4 renamed to bs7.ex4, but thats just my gut feeling and experience talking here.

Also Garyfritz is correct.. trying to figure the system out is difficult, almost impossible.. It require a lot of chart time and numbercrunching. And as someone said, you need to know what broker that was used to get any indicatorvalue correct for starters.

Why do i belive in this system? because of the number of trades it takes on the 5 min chart. I does it the right way, wait for that perfect setup and then hits it. if it takes 12 trades a month thats like a trade every second year on a daily chart. I didn't get hyped on the $9M profit, but on the low DD and the amount of winning trades. AND the trades doesn't last for weeks so the REAL DD must be low. In short it only takes HIGHPROP trades.

My only thought here and now, WHY run it by MyFXbook? If i was cooking a super EA at home, made it and tried it, would i put it on any such kind of site? NO!! Why? Why should I? but again, the creator could have had his reasons..
Author:  scheinwerfer [ Sun Dec 16, 2012 11:25 am ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
Again spot on, Frankie! I can understand the demo account on mybook, but why real account? But I'm not sure about it's fake, both are spanish (the username and the selling site), too much of a coincidence for me.

Does anyone know is it possible to trick myfxbook and get near perfect result if it actually isn't a case?
Author:  Jason [ Sun Dec 16, 2012 7:57 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
Does MyFXBook only allow live trading entries or can you enter them something like a week later?

This trader had an initial stop loss of more than 45 pips, or no initial stop loss. Is this a common stop loss amount?
Author:  bodleytunes [ Sun Dec 16, 2012 10:37 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
The age old adage... "if it seems too good to be true, it probably is." :(
Author:  Sylv1 [ Thu Jan 03, 2013 10:11 pm ]
Post subject:  Re: 3,540,000% gain within a year with just $500!
I'm not a specialist, but in this page :

http://www.myfxbook.com/es/members/revolucion2mil

It was registered in may 2012, and the systems updated some days after.

Too good to be true :lol:
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