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  #1  
Old 24-08-2011, 19:45
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Default Smart FX Technology

Okay guys here is another one i've been testing. It's called smart fx Forex Trading Robot - Best Selling Forex Robot - Profits Guaranteed
My first impressions....

Well for one The Developer, Robert has been awesome. He actually did a live session with me to make sure I understood his ea and that my settings were correct. He is very easy to contact and makes himself accessible.

As for the ea, well so far it has been doing awesome! With conservative settings this ea promises to make up to 30% monthly! Will this hold up over time we shall see. There are two different ea's. One is a super scalper and works accross 4 pairs and one is a breakout hunter and it works with eur/usd. Robert says the point is that both ea's "hedge each other" This makes them more consistant and smaller drawdown in the long run.

My results so far have been good. I have been trading this in demo. Just being a little cautious after my test account got killed by a different ea. I am going to go live with this ea next week. For now here is the myfxbook widget.

]


First impressions are great. Customer support is unmatched! and so far this ea has been doing so awesome and keep in mind it is August.

As always I will keep you guys posted.
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  #2  
Old 24-08-2011, 19:50
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Also I have noticed that usd/jpy has done the worst so far. But testing is in its infancy. having said that so far uj has had 10 losers and only 4 winners for a total net profit of -2.95% and total pips of -82.5

Overall smartfx has netted a whopping 985 pips and a total net gain of +39.75% in only 12 days!
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  #3  
Old 26-08-2011, 00:08
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Hi John, are you running both EAs?
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  #4  
Old 26-08-2011, 00:11
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yes I am running them on demo right now. Next week I will open a new test account and put them on it. I love the return so far.
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  #5  
Old 27-08-2011, 11:41
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Some big losers on Friday John, what happened?
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  #6  
Old 30-08-2011, 17:41
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this ea appears to lose in clusters which is similar to how it opens orders. Right now she's still up almost 4% I notice losses recover relativly quickly but I can't base anything on these short term results. I shall keep testing and gathering more info. Also keep in mind August sucks for scalpers!
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  #7  
Old 01-09-2011, 01:30
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SmartFX continues to bounce back nicely and is up to +12.77% with a monthly of almost 20%
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  #8  
Old 03-09-2011, 12:28
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this ea is doing very nicely now. I have put it on my live account. I am comfortable with how she trades and so far so good!

I just noticed the money back guarantee on SmartFx's website. If you buy these ea's and they don't make a profit in 30 days than not only do you get your money back but you get to keep the robots for free!!! I have never heard of such a great deal. This completely takes the risk out of buying.

I will crunch some number for you guys over the weekend. I will say this even though we took a hit early on this ea has recovered nicely and is doing great.
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  #9  
Old 15-09-2011, 15:33
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Hi guys,
Yes I do highly recomend this bot package. Since I went live this ea has earned over 40% We took a couple of hits here and there but overall she recovers nicely!

EUR/USD breakout hunter has had 42 trades 75% win rate and an overall net pips of [COLOR="#0000FF"]+647.7[/COLOR] and a profit factor of 1.66
USD/JPY scalper has had 22 trades win rate of a disappointing 41.5% overall net pips[COLOR="#FF0000"] -21.7[/COLOR] and a pf of .76
EUR/AUD scalper has had 67 trades and an amazing winrate of 92% net total of[COLOR="#0000FF"] 539.5 pips[/COLOR] and a pf of 2.75
EUR/GBP scalper has had 25 trades and a win rate of 83% but a net total of only [COLOR="#0000FF"]6.2 pips[/COLOR] and a pf of .91
EUR/CHF scalper has had 40 trades and win rate of 90% net total of [COLOR="#0000FF"]+44.1[/COLOR] and a pf of .97
EUR/CAD scalper has had 24 trades and a win rate of 59% net pips[COLOR="#FF0000"] -372.8[/COLOR] and a pf of .23

my conclusions from this data are breakout hunter is doing well and EUR/AUD is amazing. I may increase risk a little on E/A but I will keep E/U where it is.

This strat has the benefit of having two types of traders breakout and scalper. When scalper performs poorly hunter usually does well and vice versa.

This ea depends on larger stops and smaller targets therefore it is prudent to have many winners. In the instance of EUR/GBP and EUR/CHF all the small gains got wiped out by 1 or 2 losers. This leads me to believe that EUR/AUD can give back a nice chunk of profit if we get stopped out so I will keep that in mind when I increase risk.

EUR/CAD will get a risk reduction. I don't want to stop trading this pair but I do want to limit any damage. USD/JPY is on notice. I am not going to reduce risk yet but if this pair doesn't improve I will certainly cut risk down on this one too.

Overall this bot is doing well and because of the diversity it is more stable. Customer support is unmatched anywhere in the industry. Anyone interested in this bot should definitely do so. Robert offers a money back guarantee but I think once you guys start using this you will not want to return it.

Ow yea one other thing. you are able to put these ea's on as many accounts as you want as long as its on one vps. This is nice. I have so many ea's that I am limited in my testing because there is only one live license. Not the case here.

Sorry I have been neglecting my threads guys and gals. I'm still trading. It's just my other business has kept me very busy. I can't tell you how many generators I have sold. Between that and trade shows I have been running around like a mad man trying to keep up.

Talk to you guys later,
John
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  #10  
Old 20-10-2011, 15:57
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Default Re: Smart FX Technology

I wanted to update everyone. So far these ea's have been a shining star in my portfolio! They have been doing extremely well and continue to perform. here are my stats for October...

Performance for October so far net total +1602 pips +51.52%

So far this ea has been killing it. I also have to preface this post by saying I am still on the older version.


Breakouthunter
eur/usd [COLOR="#FF0000"]-212.1[/COLOR] pips 59.5% win rate and overall [COLOR="#FF0000"]-1.84%[/COLOR] loss

scalpers
eur/chf [COLOR="#0000FF"] +139.1 pips[/COLOR] 92% win rate and overall [COLOR="#0000FF"]+1.63%[/COLOR] gain
eur/aud [COLOR="#0000FF"]+589.1 pips[/COLOR] 80.5% win rate and overall[COLOR="#0000FF"] +9.73%[/COLOR] gain
usd/jpy [COLOR="#0000FF"]+130.9 pips[/COLOR] 67% win rate and overall[COLOR="#0000FF"] +7.06%[/COLOR] gain
eur/cad [COLOR="#0000FF"]+742 pips[/COLOR] 95% win rate and overall [COLOR="#0000FF"]+17.15%[/COLOR] gain
eur/gbp [COLOR="#0000FF"]+212.2 pips[/COLOR] 93% win rate and overall [COLOR="#0000FF"]+10.37%[/COLOR] gain

[COLOR="#0000FF"]totals: +1724.2 pips 82% win rate and overall +54.01% [/COLOR]


and overall since I started with these ea's in the beginning of September....

+209% overall gain net +2882 pips 80% win rate
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  #11  
Old 24-10-2011, 22:34
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Default Re: Smart FX Technology

Hello John, nice to hear from you again, you're running these on HotForex live account I assume? I've been trying just the Scalper on a Pepperstone demo for three weeks using default settings and like a lot of people find it gains then loses on a regular basis. Up about $200 on a $3000 dollar account. Will try it on HotForex and FinFX this week.
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  #12  
Old 04-12-2011, 18:53
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Default Re: Smart FX Technology

hey guys. Sorry I haven't posted much. It has been so crazy around here lately. Anyway I do have a snapshot of the Smart FX Tech results and they are very impressive to say the least! Have a look.

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  #13  
Old 31-01-2012, 17:35
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Default Re: Smart FX Technology

January 2012 Results

EUR/USD Break out hunter




EUR/CHF Scalper




EUR/GBP scalper




EUR/AUD scalper




USD/JPY scalper




EUR/CAD Scalper




**As you can see January has been a tough month, however I still love these ea's and I am still very happy with them. This drawdown period would have been greatly reduced but I made a serious mistake in terms of money management. I will explain more in my next post.

Last edited by Johnnykanoo; 31-01-2012 at 17:35. Reason: Clarification
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  #14  
Old 31-01-2012, 17:40
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Default Re: Smart FX Technology

**Originally posted at babypips**


Quote:
Hi everyone,
So I have been watching what is going on with these ea's closely and I am starting to form some conclusions.

for one I am a victim of my own money management. Here's why well you know what I am scatterbrained let me post my results and talk about my risk profile than I will get back to the above statement.....
January 2012 results

eur/usd net pips +388 84% win rate pf 3.08 +3.98% gain risk profile 1,1,1 (I am refering to TF_M1 LOTPCNT M15 and M30)
eur/aud net pips -132 60% win rate pf .47 -6.86% gain risk profile 4.5,4.5,4.5
eur/chf net pips -13.8 66% win rate pf .51 -1.05% gain risk profile 4,3
usd/jpy net pips 25.5 100% win rate pf no data .26% gain risk profile 1,1
eur/cad net pips -232.6 72% win rate pf .26 -8.55% gain risk profile 4,4,4
eur/gbp net pips -77.3 43% win rate pf .21 -4.56% gain risk profile 4,4

overall net pips -42.5 62% win rate pf .49 -16.15% gain

**okay back to my above point. As many of you know I tend to increase risk on pairs that are winning and decrease pairs that are losing. I have decided this is a mistake and I will reevaluate my approach. Robert has always stressed that these pairs were designed to hedge each other. He has stated that when the scalpers take a hit than breakout hunter would pick up the slack. He goes on to say that usd/jpy is used to hedge the other pairs in the scalpers. What I have done was take the winners from last year and increase there risk by as much as 4.5% and take the losers and decrease risk down to 1% Now I am not balanced in my hedge.

and guess what.......

breakout hunter is doing okay and posting a gain of nearly 4% and usdjpy has boasted a gain of .26% while all the other pairs have been net losers to the tune of nearly -21% here is what is wrong and why my account is probably taking a bigger beating than other accounts....

had I kept my breakout hunter at 2% it would have earned almost 8% and had I kept u/j at 2% it would have earned around.5% for a total of around 8.5%

had I kept the other scalpers at 2% over all the loss would have been around -10%

add those two together and I would only be down about -1.5% overall during this drawdown period.

So what do I do? Do I cut risk now on the other pairs that are losing? If I do it will take me twice as long to get back into green pips with those pairs.

Guys/gals take a lesson from me. First off you never stop learning. Second trade these pairs as they are intended. Keep the risk comparable to each other. If certain pairs are doing poorly than rest assured there will be a period when they do well and vice versa for the winners, there will be a time when they will lose.

Again I am forced to realize that my greed an impatience have gotten the better of me becasue 4.5% risk with my leverage is extremely to high! Only thing I can do is reduce risk down to the 2-3% max.

I'm sorry for this long post and I hope some of you can gleam something from my mistakes. Also I can say that Robert was totally correct when he talked to us about hedging and I knew I was out of balance with my risk but now I am suffering the results of not listening to my own logic but rather having stars in my eyes and thinking of all that money I can make by playing around with the risk.

As of now I am going to 2% across the board on my risk.
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  #15  
Old 04-02-2012, 16:41
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Default Re: Smart FX Technology

Well smart scalper continues to struggle. I love these ea's and I know they will come around but right now we are in a dreaded drawdown period and it feels relentless. I will continue to keep you guys updated.
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  #16  
Old 07-02-2012, 22:28
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Default Re: Smart FX Technology

my account is up 7.8% today finally some green pips!!! What a great day for smartfx
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  #17  
Old 09-02-2012, 02:25
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Default Re: Smart FX Technology

smartfx is finally coming around. I feel like the drawdown period is coming to an end. These times happen to the best of ea's but the secret to surviving them is to keep your money management in check.

My accounts are back and climbing!
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  #18  
Old 09-02-2012, 12:31
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Default Re: Smart FX Technology

In January......

eur/usd did the best with a gain of 5.27%
usd/jpy did second best with .53%
all others didn't post a profit

so far in February.......

eur/cad 5.36%
eur/gbp 2.15%
usd/jpy .42%
eur/chf .4%
eur/aud -.93%
eur/usd -5.21%

The point is in January e/u picked up the slack so if in Feb. I decided to increase risk or decided not to trade another pair like eur/cad I would lose much more and the pairs would not be balanced. Robert's right you should trade all pairs.

I learned my lesson now I will manage risk across the board.
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  #19  
Old 16-02-2012, 00:56
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Default up almost 10% for Feb

SmartFX Tech is springing back very nicely!

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  #20  
Old 21-02-2012, 12:25
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Default Re: Smart FX Technology

Smartfx is doing very nicely and is up 11.75% on very conservative settings. This ea is a strong performer. Jan 2012 has been the only down month so far since I started testing. Overall very stable and steady growth.

It was a smart move for me to adjust all the risk across the board. Now these pairs are "hedging" each other properly and the equity curve is heading north again.
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  #21  
Old 01-03-2012, 19:40
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Default February Results

Well SMFX hass continued to struggle. It was doing great mid month than managed to give all the gains back.

I still love this ea but I am keeping my eyes open. I keep hoping it will return back to its former very profitable self.

the reality is drawdown periods happen so I am hoping that is all this is.

Anyway here are my February results...


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  #22  
Old 14-03-2012, 19:22
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Default Re: Smart FX Technology



SmartFX has been disappointing lately. This could be simply a drawdown period. I'm not ready to throw in the towel yet. I hate to think her hayday has passed.
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  #23  
Old 21-03-2012, 01:23
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smart fx is finally bouncing back thank God!!! So far this month she is up 4.72%

I'm glad I didn't jumt the gun and stop trading this one. Now hopefully things will get back on track.
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  #24  
Old 28-03-2012, 23:24
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Default Re: Smart FX Technology

so far smartfx is up to +10% for the month. I truly hope this is a sign of things to come.
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  #25  
Old 03-04-2012, 00:41
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Default March Results

Well March has been decent and these ea's have sprung back very nicely. I know sometimes I feel weary when I am in a drawdown period but these ea's have proven to be very resilient and closed March with a very decent profit.

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  #26  
Old 25-04-2012, 11:39
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Default April Results

Results for April so far

e/chf -1.33% -21.6 pips win rate 60%
e/g +3.14% 93.1 pips win rate 87.5%
e/a +1.33 46 pips Win rate 66.5%
u/j +1.25% 67.3 pip win rate 55%
e/cad +4.89% 194.5 pips win rate 65%
e/u -3.76% -226 pips win rate 63%
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  #27  
Old 01-05-2012, 00:50
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Default Re: Smart FX Technology

April ends with about -10% Not great. I am probably going to reduce risk a little. These ea's are good but they are struggling lately.
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  #28  
Old 19-05-2012, 10:53
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Default Re: Smart FX Technology

I have used this bot also and had awesome results.
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  #29  
Old 25-05-2012, 21:58
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Default HF account getting closed

I am forced to close this hf account. I will be funding another test account that I already opened next week so that my live forward testing can continue.

Here are my closing numbers.....


Month to date (past 30 days 4.25-5.25)

eur/chf -no trades-
eur/gbp -1.44% -40.1 pips 80% win rate pf .56
eur/aud -3.27% -259.1 pips 26% win rate pf .18
eur/cad -1.06% -56.7 pips 37.5% win rate pf .20
usd/jpy +.09% 13.8 pips 33% win rate pf 1.22
eur/usd -0.8% -145.5 pips 59% win rate pf .75

overall -6.45% -487.6 pips 49% win rate pf .47

Results for 2012 - present

eur/chf -.95% 40.7 pips 65% win rate pf .75
eur/gbp -7.15% -225.6 pips 65% win rate pf .53
eur/aud -1.12% 12.8 pips 67% win rate pf .97
eur/cad -1.66% 30.3 pips 60% win rate pf .87
usd/jpy -1.75% 47.6 pips 50% win rate pf .87
eur/usd -2.48% 360.8 pips 70% win rate .93 pf

overall -15.16% 266.6 pips 63% win rate pf .87


Year to date (from 5.25.2011 to 5.25.2012 **data actually starts around 9.1.2011)
eur/chf .17% 640.5 pips 85% win rate pf 1.01
eur/gbp -2.72% 312 pips 76% win rate pf .88
eur/aud 15.74% 2178.6 pips 80% win rate pf 1.32
eur/cad 6.47% 1877.3 pips 78% win rate pf 1.34
usd/jpy -1.93% 357.2 pips 54% win rate pf .91
eur/usd +.83% 1917.8 pips 67% win rate pf 1.01

overall 18.55% 7283.4 pips 75% win rate pf 1.10

Well there you have it. Definitely not the greatest numbers, but an overall winner so far. You may notice in many instances there is positive pips and negitive equity. This is do to the fact that at some point I reduced risk and even though smartfx got back into positive territory it wasn't earning as much as it lost. the lesson here if I had left the risk alone overall I would have slightly more positive numbers.

Anyway take it or leave it. Honestly these ea's have been disappointing lately but I am not ready to throw in the towel yet.


A
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