Comments on: Forex Ironman EA Review http://www.forexrobotnews.com/2010/05/forex-ironman-ea-review/ Sat, 19 Feb 2011 23:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter http://www.forexrobotnews.com/2010/05/forex-ironman-ea-review/comment-page-1/#comment-957 Peter Wed, 26 May 2010 06:18:11 +0000 http://www.forexrobotnews.com/?p=1062#comment-957 After more back testing and optimizing, it leaves much to be desired. I got the above results after optimizing for only the past month, but when optimizing and backtesting for 6 or more months, the results fall apart. The only way to get the stellar results that are claimed, is to go with the default 450 stop loss, which I think is way too high. After more back testing and optimizing, it leaves much to be desired. I got the above results after optimizing for only the past month, but when optimizing and backtesting for 6 or more months, the results fall apart.

The only way to get the stellar results that are claimed, is to go with the default 450 stop loss, which I think is way too high.

]]> By: Peter http://www.forexrobotnews.com/2010/05/forex-ironman-ea-review/comment-page-1/#comment-952 Peter Wed, 26 May 2010 02:53:43 +0000 http://www.forexrobotnews.com/?p=1062#comment-952 Ironman seems to be everything it claims, EXCEPT for the extremely high stop loss of 450. I will admit, it shows zero loss trades. But, eventually, with a stop loss that bit there will be a BIG loss, potentially wiping out much profits and perhaps your whole account. However, I am doing optimizing and backtesting, and it seems that I get just as good results with a small stop loss of 10. So far, starting with a balance of 10,000, and a stop loss of 10, trailing stop of 10, and take profit of anywhere between 175 and 450, and you should be able to triple your account. Put another way, if you start out with 1,000 in your account, with the above settings, in one month, you SHOULD have 3,000.00. But, I have to do more forward testing. So far, for the low price, this is the BEST EA that I have tried yet. Ironman seems to be everything it claims, EXCEPT for the extremely high stop loss of 450. I will admit, it shows zero loss trades.

But, eventually, with a stop loss that bit there will be a BIG loss, potentially wiping out much profits and perhaps your whole account.

However, I am doing optimizing and backtesting, and it seems that I get just as good results with a small stop loss of 10. So far, starting with a balance of 10,000, and a stop loss of 10, trailing stop of 10, and take profit of anywhere between 175 and 450, and you should be able to triple your account.

Put another way, if you start out with 1,000 in your account, with the above settings, in one month, you SHOULD have 3,000.00. But, I have to do more forward testing. So far, for the low price, this is the BEST EA that I have tried yet.

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