TulipFx' Kangaroo EA

This is a discussion on TulipFx' Kangaroo EA within the Forex Net Trap forums, part of the T2W Archive category; Originally Posted by surferking Auto setting for time works fine for me on SLM, stick with that and monitor your ...

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Old May 3, 2011, 3:47pm   #61
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Re: TulipFx' Kangaroo EA

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Originally Posted by surferking View Post
Auto setting for time works fine for me on SLM, stick with that and monitor your results to compare with their myfxbook results.
Thanks for all your help and input with this EA Marcus
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Old May 3, 2011, 3:54pm   #62
 
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Re: TulipFx' Kangaroo EA

surferking started this thread No worries. Out of interest I seem to have 2 sell orders open now on AUDUSD with Kangaroo if you wanted to compare to see if you have the same.
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Old May 3, 2011, 4:09pm   #63
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Re: TulipFx' Kangaroo EA

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No worries. Out of interest I seem to have 2 sell orders open now on AUDUSD with Kangaroo if you wanted to compare to see if you have the same.
Yeah ,i`ve got pretty similar trades going at the moment
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Old May 3, 2011, 4:38pm   #64
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Re: TulipFx' Kangaroo EA

Now got 4 trades open,slightly scary to watch
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Old May 3, 2011, 4:39pm   #65
 
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Re: TulipFx' Kangaroo EA

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Must admit surferking this does look good think i will jump aboard at end of month ,just to confirm does the deal run till end of may for trappers?
seems very professional
Dan
I have just emailed them about this...
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Old May 3, 2011, 5:18pm   #66
 
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Re: TulipFx' Kangaroo EA

surferking started this thread Strangly this doesn't match their trades on myfxbook

http://www.myfxbook.com/members/Tuli...ooea-cfx/56195

http://www.myfxbook.com/members/surferking/glassy/99481

Although they do say in the literature results will vary from broker to broker and that ECN brokers are better for some reason but I haven't seen trades this different before. I've seen it take many trades that go against then return to profit a few times though so I'm reasonably confident the EA is doing what it should so with the price feed for SLM. What I'm less sure of is if it would be better to use another broker (maybe ECN like FX Open) for this strategy.
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Old May 3, 2011, 5:57pm   #67
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Re: TulipFx' Kangaroo EA

My 5 trades just closed for +18,very relieved
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Old May 3, 2011, 6:19pm   #68
 
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Re: TulipFx' Kangaroo EA

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My 5 trades just closed for +18,very relieved
Yup, mine all closed for +18.4 (£90.16). I've seen it work like that a few times so learnt not to worry or interfere hence my advise not to interrupt any trade manually.

I also recommend reading through all posts on their blog etc and make sure your risk setting is suitable for your comfort level.
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Old May 3, 2011, 8:27pm   #69
 
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Re: TulipFx' Kangaroo EA

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Yup, mine all closed for +18.4 (£90.16). I've seen it work like that a few times so learnt not to worry or interfere hence my advise not to interrupt any trade manually.

I also recommend reading through all posts on their blog etc and make sure your risk setting is suitable for your comfort level.
so thats about £5 per pip... or is it split trades of £1 across 5 trades?
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Old May 3, 2011, 8:30pm   #70
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Re: TulipFx' Kangaroo EA

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Yup, mine all closed for +18.4 (£90.16). I've seen it work like that a few times so learnt not to worry or interfere hence my advise not to interrupt any trade manually.

I also recommend reading through all posts on their blog etc and make sure your risk setting is suitable for your comfort level.
I must admit that I was crapping myself when I had the 5 trades that were all in the negative to the tune of £650. Was happy that it closed for a profit but am wondering what the chances are that you would get stopped out on all the trades.
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Old May 3, 2011, 8:57pm   #71
 
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Re: TulipFx' Kangaroo EA

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so thats about £5 per pip... or is it split trades of £1 across 5 trades?
Yup, £4.90/pip on that one.
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Old May 3, 2011, 9:03pm   #72
 
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Re: TulipFx' Kangaroo EA

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I must admit that I was crapping myself when I had the 5 trades that were all in the negative to the tune of £650. Was happy that it closed for a profit but am wondering what the chances are that you would get stopped out on all the trades.
I've watched it do that a few times now and learnt to just ignore it. I think their risk% x4 calculation for predicted drawdown seems about right according to the back-tests. My guess it that drawdown's are so rare that it would probably only be one or two trades to make that drawdown so adjust your risk settings according to your tolerance of drawdowns. Read up on Birt's review (link at the top of the thread) for more evaluation of how it works.
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Old May 3, 2011, 9:07pm   #73
 
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Re: TulipFx' Kangaroo EA

surferking started this thread Looks like another EURUSD sell trade open now for me. As I've said many times, don't interfere manually, it seems to dig itself out of floating drawdowns every time I've seen it trading live and from backtesting. It would be gambling to second-guess a black-box system, trust in the statistics and try not to worry about the eb and flow on the way.
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Old May 3, 2011, 9:48pm   #74
 
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Re: TulipFx' Kangaroo EA

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Originally Posted by surferking View Post
Looks like another EURUSD sell trade open now for me. As I've said many times, don't interfere manually, it seems to dig itself out of floating drawdowns every time I've seen it trading live and from backtesting. It would be gambling to second-guess a black-box system, trust in the statistics and try not to worry about the eb and flow on the way.
This looks great. Thanks for sharing it Marcus. I'm going to set up a dedicated desktop over the w/e and start. It sounds similar to an EA I used some years ago called Pointbreak that is available from a guy in Singapore [www.forexhope.com]; it was a good EA but the quarterly license was held on their database and mapped to the broker account. I'd paid the renewal but they failed to update the d/b for about a week despite numerous mails and I dropped it because of that. This sounds like a more professional operation.

I assume that this monthly subscription works similarly?
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Old May 3, 2011, 10:09pm   #75
 
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Re: TulipFx' Kangaroo EA

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This looks great. Thanks for sharing it Marcus. I'm going to set up a dedicated desktop over the w/e and start. It sounds similar to an EA I used some years ago called Pointbreak that is available from a guy in Singapore [www.forexhope.com]; it was a good EA but the quarterly license was held on their database and mapped to the broker account. I'd paid the renewal but they failed to update the d/b for about a week despite numerous mails and I dropped it because of that. This sounds like a more professional operation.

I assume that this monthly subscription works similarly?
The EA runs on your MT4 but you need to subscribe to keep it authorised each month. So far It's netted me 20x 1 month's subscription payment but past performance / future whatever blah blah blah. Buyer beware - read up on everything and set risk to your comfort level and you should be fine.
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