Terranova Expert Advisor

clolab · #1 03-26-2009, 05:51 AM

Hi All,
i ready about this EA on another forum. Has anyone more information about this EA It seems to be new on the market. They have some Live stats on website. Good performance.

thanks

moneydream · #2 03-26-2009, 08:03 AM

Not heard about this. Can you please provide their official website url?

clolab · #3 03-26-2009, 09:10 AM

ops sory... forgotten to post the website:
http://www.terranovafx.net/

pavlus · #4 03-26-2009, 12:12 PM

Hmm..Looks interesting but there is no refund.Maybe I'll buy it later depending on how their live stats will go.

clolab · #5 03-26-2009, 05:59 PM

yep interesting. Given near to 9% Return in 1 week.
Warren buffet had 35% in 1 year to becom a millionair..hehehe

Miksa · #6 03-26-2009, 10:24 PM

Quote:

Originally Posted by clolab

yep interesting. Given near to 9% Return in 1 week.

9% may be good or not depending on how much risk was there.

their trades looks like a martingale. and martingale might run very profitably for awhile until blowing an account

Quote:

4781984 2009.03.25 21:11 sell 0.10 usdjpy 97.13 103.13 95.13 2009.03.26 09:08 97.72 0.00 0.00 -0.47 -60.38
4788633 2009.03.25 23:26 sell 0.20 usdjpy 97.53 103.13 95.53 2009.03.26 09:08 97.71 0.00 0.00 -0.94 -36.84
4798253 2009.03.26 03:16 sell 0.50 usdjpy 97.93 103.13 95.93 2009.03.26 09:08 97.72 0.00 0.00 0.00 107.45

Harre · #7 03-27-2009, 03:53 AM

Yeah, well if not Martingale, they certainly seem to raise the stakes very steeply after every losing trade. Doesn't take many trades for that system to collapse so I'd agree with Miksa and say you might as well go to Vegas and bet on red...

clolab · #8 03-27-2009, 05:05 AM

Here is a replay from terranovafx
_____________
Dear Sirs,
i like to know if your system is martingale based?

thanks

Hi*******,
thank you for your interest in our product.
Our system is first a trend follower based on 2 indicators. If however, there is a countertrend then it wil use a martingale strategy to close positions. There is an internal stoploos for open trades as well as an external option to set an amount of $ to close any open position. This way you can set any value (eg. $500 as max loose) and the system will stop trading and close all open positions.

Please let me know if you have any other question.

Best Regards
*********
******
Terranovafx.net

__________________

AngelSpike · #9 03-28-2009, 04:02 PM

Quote:

Originally Posted by clolab

Hi*******,
thank you for your interest in our product.
Our system is first a trend follower based on 2 indicators. If however, there is a countertrend then it wil use a martingale strategy to close positions. There is an internal stoploos for open trades as well as an external option to set an amount of $ to close any open position. This way you can set any value (eg. $500 as max loose) and the system will stop trading and close all open positions.

How can you trust a company that cannot even type correctly?

alan · #10 03-30-2009, 08:05 AM

lool..They're probably not native English speakers...A lot of EAs and other forex products offered for sale on the web are done by people from countries like Malaysia, Russia, Eastern European countries, etc...essentially countries that are not "well to do"...and often some of these products are pure rip-off's of other people's work (most often they rip it off from FREE EAs available on various forums)....

Then again it could just mean these folks don't know how to use a spell-checker