Comments on: Crisis Killer Discussion And Testing

By: Penn

Penn — Wed, 23 Oct 2013 23:51:28 +0000

is Crisis Killer v 1.3 for sale? where can I find it?

By: Hopper

Hopper — Mon, 14 Oct 2013 20:24:31 +0000

In reply to Neagu. Crisis Killer v 1.3 is a simple grid trading system like a lot of the free available EAs. With a lot size of 0.01 you need several thousand € to be on a safer side especially when the markets go grazy like in fall 2008 but that won't even save you from a margin call. Crisis Killer v 1.0 is optimized to get an huge profit in a small time. In sideways running markets that is perfect but if you hit a trend you get a margin call. That increases risk but if you have a huge account it works but then again the profit is less in %. Doubling €k100 is possible but risky. But doubling €100.- is almost impossible with Crisis Killer v.1.0 or 1.3.

By: Hopper

Hopper — Mon, 14 Oct 2013 19:51:17 +0000

I had crisis killer v 1.0 running on a account with € 3000.- which is less than the recommended amount of € 10’000.-. It did make a profit with 0.01 lot settings which is the minimum available at the predetermined broker fx choice to which the ea is limited. In a weeks time it made € 1000.- profit on the USDCAD ea running alone without the USDGBP before the account was blown unable to trade on 1. aug. 2013 due to draw down andmargin call was a few days later.
I was fascinated by the way the robot traded. It traded the highest or lowest point when the price would swing most of the times and thus made a fantastic profit. It is just due to the fact that v1.0 is unlimited in opening new orders, what must end in a margin call sooner or later when the market is trending. Since every new order is more than doubled up so that a turnaround in the price will result in a gain and can still cover all the loss trades before it is clear that severe price movement requires an enormous amount of equity.
What is bad about v 1.0 is that it its
1.) limited to a live account – backtesting is possible on a live account but with false results
2.) limited to FX Choice as trader
3.) doesn’t allow one to limit the maximum trades in one direction.
4.) limited to two currency pairs

Version 1.3 was released around sept./oct. 2013 but are completely different EAs. In backtesting and looking at the results at crisiskiller.com they seem to be simple grid trading EAs (like the free Super Money Grid from http://www.lifesdream.org) with no further advanced development which are not worth a cent.

My advice:
Wait until the deploy version 1.0 advanced which isn’t limited to a broker, allows backtesting and runs on all time frames and currency pairs!

Sincerly
Hopper from Switzerland

By: Neagu

Neagu — Wed, 25 Sep 2013 10:49:42 +0000

Yes, it doesn’t work on demo accounts, does anyone use the new version v1.3 ?
Tom Kim say is better than the previous one.

I use the older version. In the first days 24hours exactly I invest 300euro and I dubled my account, but after another 2 days I lost everything. I ask Tom Kim wich is the trick and he told me that in the first days when you make money you should withdraw your profit and trade with the initial deposit.

Now I want to start again with the new version and I want to invest 100 euro. I’m not shore I make a good decision because I didn’t hear anything about these new version.

Is there anyone who use it?

Thank you!

By: abdul

abdul — Sat, 20 Jul 2013 21:06:41 +0000

It does not work on demo accounts. thats totally insane. how can we be sure it would work on real money? it even gets lucky sometimes!!!