Comments on: Forex Black Panther

By: GH Lim

GH Lim — Mon, 24 May 2010 10:23:29 +0000

I have run both 1 live and 3 demo account since May. I let the 3 demo account trade on its own, while the live account with manual intervention. The demo account performed very well initially for 2 weeks, making more than 100% but went down last week. The 1 week loss wipe out all the profits made previously and 1 account loss more than 50% of the initial amount. The live account however is still making 40% profit. All accounts are trade in default setting.

By: Daniel L.

Daniel L. — Tue, 11 May 2010 15:51:49 +0000

Greeting Mr. Kwee!

Glad to hear that from you. Do you let it trade in default setting? It performed well in my demo account now too.

Daniel L.
Malaysia.

By: Peter Kwee

Peter Kwee — Sun, 09 May 2010 01:00:44 +0000

I tested this EA in a demo account for one month prior to live trading. It lost 10% of the equity in the demo the first 3 days, then eventually recovered all of the losses in the next week and after one month the demo was up about 12%. Last week I started live trading and I am up over 100% in my first week. My $5,000 account in now over $10,500. It seems to trade better live then in the demo so far.

By: Kelly T

Kelly T — Tue, 20 Apr 2010 11:13:16 +0000

Thank you MJ-K. I have been using Black Panther for about a month with good results except for 2 large losses. Changing the SL will help solve that.
I, too, have manually closed some trades just to ensure profit.
Kelly

By: Daniel L.

Daniel L. — Sun, 18 Apr 2010 12:41:24 +0000

Hello MJ-K!

You you use it to trade on GBP/USD and EUR/CHF, right? Thank you!

Regards
Daniel L.

By: MJ-K

MJ-K — Fri, 09 Apr 2010 08:28:24 +0000

Hi.

I have this EA.

and I recommend change default next:

trailing stop : 30

it’s default is 70, but not recommend 70!

I think 70 is dangerous default.

30 is very good.

and other defaults don’t change.

If you follow me, you will see good results!

I’m sure! thanks.

By: Chad

Chad — Wed, 07 Apr 2010 15:27:00 +0000

just bought the ea, are you guys running on default settings???

By: Stan

Stan — Tue, 06 Apr 2010 23:36:01 +0000

I’ve been testing on demo account since 24th March – $10,000 start and now value is 12,848.
14 trades – 4 losing 10 winning.

So far I’m impressed – will test for 4 weeks and then decide if worth going onto live account

By: Phil

Phil — Thu, 01 Apr 2010 13:49:23 +0000

Still experimenting,GBP/USD EUR/CHF not trading so well; loosing money on these.

EUR/GBP seems to work better, but risky as if you let the program run when its making money it goes negative.

I have been closing the trade manually as soon as I see a profit.
Will try for a bit longer to see if things improve.

By: Clancy

Clancy — Mon, 29 Mar 2010 03:17:26 +0000

Panther EA is okay on the backtesting I have done. Certainly it does not make the wild profits on the website – not for us ordinary earthlings. I tried over a one year period and a few months. In backtesting (60 stop, 60 trail, 3 slip, avoid agressive, yes to smart mm and trend smarts etc), I managed to get about 100% in 6 months and up to 280% in twelve months. Around 75% for a 2.5 months – however this is way too high for my 6 monthly/yearly figures if multipled to give annualised return. As trades are entered depending upon where last trades are closed, testing between specific dates for the same variables will yield different results – even annual strategy tests. That could have something to do with it. My result for 60 stops in strategy are similar to the default settings. At least the developers have set defaults that work. The defaults however do use higher settings which I consider risky and this does lose trades. You may make more money on the long trend, but you are losing more trades by larger stops, retracements on trailing stops. It performed horribly using longer trailing stops (120+) which I used to avoid being cut out on long trends. Likewise for a squiz I checked out the 4hr and <1h chart, horrible too.

The product is new so support appears to be non existent (probably overwhelmed?). No one seems to want to share their settings which achieved these marvelous results touted by the developers which is annoying. Hence – I would agree with a previous comment – short term, may be fine but beware the long term. Short term values multiplied out using the same settings over long term do not add up – for me anyway.

If someone is having better results than above, please do the honours and share them.