Forex EA Robot Trading Blog

It has come to our attention that there are pirated version of PointBreak EA out on the internet. They do say imitation is the sincerest form of flattery, but in this case, it is a poor imitation.



There are some other websites, often running off direct IP addresses, trying to sell an inferior, pirated version of the same product. The code when reassembled does not operate the same, some logic is substituted and the result is a disaster for your account. Be wary and report to us if you have come across any pirate copies.









We are going to be out of office for the next few days to spend time with family, but we wish you all the best for your families and for trading success in the New Year. We will not be responding to emails until the 1st January.





Happy New Year!

Labels: Pirate version, PointBreak EA

> 1- For the lite version of point Break I will pay $199> for one year with no monthly fees...right?

yes

> 2- For the lite version, there is only "very> conservative " risk option or I could change the> option to conservative or moderate?

We will upgrade the option for Lite version to:- Very Conservative- Conservative

> 3- I would like to start my live account for $1250 if the demo succeeded with me. Will the system overtrade my account or there are solutions for such situations?

No, if your broker allow you to open a mini micro account (0.0001 standardlot)like InterbankFX

> 4- Will Point Break gain $199 or more for one year> giving the deposit of $1250?. I know that the answer depends on the conditions of the market, but if I have only the "very conservative" option in the lite version, then my gains will be small...right?

We are going to upgrade the lite version to also allow Conservative.

If after one year the PointBreak EA has not making $199 then I will extend it until reach around $200. After 1 year you should have much more confidence with the system and upgrade to full version;which will also mean that you will have more options.

Labels: Conservative, FAQ, Lite Version, PointBreak EA

Question

What about 'hosting' services as Iam ready to go live with initially $10,000 with the'carrygrid EA' at Interbank FX.

Answer

With EA hosting, if you are a subscriber for the Pointbreak EA full package, its free to use. If you have purchased carrygrid, then its available for $25/month, paid via a paypal subscription. We currently support both Interbankfx and FXDD accounts.

Labels: EA hosting

Question
Can this ea be ran on different chart times with the same risk factor.
If you ran it on a 5m chart with the same 5000 pip down draw allowed and diversified between different currency pairs would it still be safe to trade.

Answer
It has performed better over longer chart timeframes, mainly because trades have been allowed to play out, but a shorter time frame reduces risk as it is more sensitive to changes in short term trends. 5 minute chart timeframe is very short and the trend will be all over the palce. I would recommend 1HR timeframe at least. There are various hedging models you can use to offset risk in one pair with another pair, but i dont have an 'optimal' set of pairs to run it on.

Labels: 5 minute chart, CarryGrid EA

Question

Please can you explain what happens if the power goes out? Do all the trades cancel (sell) or remain open?
I plan to have my computer on all the time, but would like to know what you do to protect against power loss?

Answer

The EA uses global variables to store the state. The trades will not be cancelled, they will remain open. The system will recover its state, but no trading will occur whilst the computer is off, as with MT4 all the trades are managed client-side. It would be worth having a UPS to protect against blips in power supply.

Labels: MT4, Power Failure

Question;
My PointBreak demo is not trading at all. Moreover, it gives me the message that there are not enough funds in the account to trade with theselected risk level. The lot size is set to .01, the risk setting is at1, and the account has 5000.

Answer;
Every $10,000 PointBreak will open 1 micro (0.1 mini or 0.01 standard lot); InterbankFX Mini account can open 0.01 mini which is mini micro (0.001 standard lot);so Pointbreak can run on $1,000 for Interbank Mini account. Other brokers, such as FXDD only have Standard Lots do not have ability to open 0.01 mini (0.001 standard lot); so the requirement with other brokers would be $10,000.

Labels: capital requirements, PointBreak EA

A minor bug fix was made today to create version 5.1. It had been noted that the exitAllPositions parameter was not working on positions that were drawndown. This has now been modified and the version in the download package now rectifies this.

We are currently working on version 6, which is expected to be ready in January. For this we are testing out various hedging models to find which is the most appropriate, in order to not only survive, but profit from bearish markets.

Have a great xmas!

Labels: 5.1, Carry Grid EA

Question

I read lin’s blog regarding point break ea and I found this statement : “Note: The demo version do not have the MSP function; its only dummy to give some look and feel.”
So does the trial mimics the full feature or the trial is only to shown what the screen looks and characteristic of the EA and not perform the full capability of your strategy ?

Answer

In the trial for PointBreak the MSP is disabled. It is only available in the full version and designed for users who have experience and knowledge of the system to use.

Labels: MSP Function, PointBreak EA, Trial

Question

If I have to restart either Metatrader or the server I have it running on and its only down for just a few minutes do
I need to delete all the Global variables each time I restart?
What are the rules for if I have open trades or not and Metatrader is restarted?

Answer

You do not neeed to delete the Global Variables,.The Global Variables functions works like this:if somehow your MT4 down, closed or disconnect from the internet; you just open again and continue;because the global variable tell the EA your previous condition and setting.you do not need to do anything; Unless you want to start a new demo account; then you must delete all global variable.

Labels: Global Variables, MT4 restart, PointBreak EA

Question

I see you CarryGrid is doing well so far, I learn about grid trading since last month, as far as I know one side grid like you have (buy only on GBPJPY) has drawbacks, it is when strong trend against our trade (unwinding moment), so have you any protective logic embedded in the EA ? how about is GBPJPY drop to 200-300 pips like 2 month ago…?

Answer

The system is designed to be able to ride out drawdowns, by averaging into positions and keeping positions small, and using the trend as a guide. There is a stoploss setting you can use in case of a major unwinding. the most common drawdown range historically has been around 600 pips. These drawdowns you have to be able to ride out, but the ones that run for 1000+ i agree you want to get out of your positions.

For the next version of carrygrid we plan to add an element of hedging so we move to the short side if we see unwinding happening.

The largest drawdown over the last 9 years ever would have been during this summer.

Labels: Carry Grid EA, drawdown, unwinding

Question.

The full version of the pointbreak ea . does that come with source code?

Answer.

No we do not provide source code for any of the EA's to protect our intellectual copyright.

Labels: EA Source code

Question.

I saw your software and i think it will be good , but i need demo or trail or something else for sure ... can you
provide it for me?and also i saw that you have Paypal as payment system , but i dont have it , do you have any other payment system? (e
-gold - webmoney or ... )

Answer.
There is a carrygrid trial here : http://www.myfxtools.com/EA_Trial_Delivery.htmlAnd a pointbreak trial here : http://www.myfxtools.com/EA-PointBreak.html (sign up for the newsletter)
You can pay by direct bank transfer or western union but we dont have any other e-money. Contact us for more details.

Labels: alternative payment options, EA trial versions

I wonder if;

1. The EA is suitable for small account size (< less than 5k or probably 1k) ?

SUGGESTED CAPITAL:For Standard Account, the suggested minimum capital is $5000-$10,000.For Mini Account the suggested minimum capital is $1,000-$2,000.

2. ea have to be on all the time 24/5 ?

Answer: Yes it does.
There is a lot of VPS hosting or dedicated server that you can rent it below $50/month. For subscribers we can offer dedicated EA hosting (subject to availability).

3. only for specific pair ?

Answer: Yes this EA runs on EURUSD on the 30min chart.

Labels: Capital, Carry Grid EA, EURUSD, PointBreak EA

Q. The keltner indicator and pointbreak.tpl files - where to put them?

A. The keltner indicator goes in the indicators folder and pointbreak.tpl in the root folder. ie c:/program files/interbankfx/templates

Labels: directory, keltner, template

1. We want to protect our years of research (time and money) to produce the EA.

2. We provide the video of the backtesting which they can see how the EA performs in backtesting. Also we provide full back testing results (including all records) which they can download in full (8 Mb).

3. The best way to test any EA is how the EA performance in forward test not in the backtesting; since everyone can optimize / curve fitting it to the current history. That's why its important too to show the past forward results of the EA, including the live trading results. No EA (as for as I know) has been tested with large capital (ie 100,000); and still consistent making profit.

To view forward tested results http://www.forexhope.com/trading_report.htm

Labels: Backtesting, forward testing, PointBreak EA

Q. With regards to PointBreak, do I understand correctly that there is an ongoing $77.00 / month fee and this is not a “one time” purchase? Also can you explain the “hosting” that is mentioned included with the purchase especially in light of my question above.

A. Yes this is correct, the subscription gets you the full version, and all the updates in the future, along with hosting of the EA for free on our dedicated servers if you so wish.

Labels: PointBreak EA hosting, subscription features

Q. Regarding both systems, what happens if I am running either of them and I lose my internet and/or power connection either instantaneously (with reconnect in just a few seconds) or for a prolonged period of time? What happens to the system operation and how are current trade positions affected?

A. If your connection goes down for a few seconds, this is not a problem. IF you can arrange a backup internet connection and a UPS then you should be ok. The PointBreak EA also includes special functions to store the current state so in case of such a problem it does not interrupt its operation.

Labels: Internet connection lost, PointBreak EA

A trial version of the new EA is now available - visit the EA section to find out more.

Labels: EA Free trial, PointBreak EA

The EA is not yet officially available, the creator behind it is busy finalising details today, but we expect it to be released in the next day or so.

If you are on our mailing list, or purchased one of our products already you will be sent the information, along with the trial attached to the email, as well as being eligible for discounts.

Right now i cant say much more apart from that im very excited about it! We are currently uploading some videos to youtube that we will provide links to here shortly. Obviously we dont want to upload all the site content yet until you are able to get your hands on an actual copy.

Labels: PointBreak EA, release date, trial version