Thanks to the team at Tulip FX, I was lucky enough to grab a copy of their Kangaroo EA. I received it a few weeks ago and let it loose in the lab to see what it could do with, what sounds like, a solid strategy on the back of some serious programming nous.
Here’s what makes Kangaroo EA different from the pack:
- Trades EURUSD (released in 2011) and AUDUSD pairs
- Uses a trend following strategy
- Has trend reversal logic built in (just in case the trend changes)
- Avoids trading on almost all news announcements
- Works best with ECN, STP and No Dealing Desk brokers
- Works best with 1-2 pip spreads on EURUSD, 2-3 pip spreads on AUDUSD
- Back tested on 99% accurate price data since 2007
Let’s see how it getting on in the lab…
Test 1: Independent Strategy Testing
AUDUSD 2007-2011 Strategy Test results starting at 0.5 Lots, ending at 9.8 Lots
View full 2007-2011 AUDUSD Strategy Tester results
EURUSD 2007-2011 Strategy Test results starting at 0.5 Lots, ending at 13.1 Lots
View full 2007-2011 EURUSD Strategy Tester results
Currently running Kangaroo EA on Alpari UK, testing started on 11th April 2011. Current results are as follows:
View our Kangaroo EA Live Test Statement
Lab Result:
Hi I’ve had a bad experience yesterday with kangaroo in the AUD / USD into account real
Volume 3 negative long positions rather than keep buying as the EA oficicial page and do 3 operations was positive and ended up not missing much.
these are my trades:
2011/05/04 16:10:03 Buy 0.79 AUDUSD 1.08253 1.07374 1.08031 2011/05/04 17:21:24 1.07374 0.00 0.00 - 467.54 – 87.9
2011/05/04 16:45:06 Buy 0.79 AUDUSD 1.07977 1.07374 1.08031 2011/05/04 17:21:24 1.07374 0.00 0.00 - 320.73 - 60.3
2011/05/04 17:20:09 Buy 0.79 AUDUSD 1.07692 1.07374 1.08031 2011/05/04 17:21:24 1.07374 0.00 0.00 - 169.14 - 31.8
but my surprise was when the Kangaroo website also had the 3 losses but then erased one and only two were left at a loss ….
Kangaroo page:
http://www.myfxbook.com/members/TulipFX/kangarooea/56195
05.04.2011 15:10 05.04.2011 19:31 AUDUSD Buy 1.00 1.07139 1.07771 1.08246 1.07771 -47.5 -475.00 4h 21m -4.74%
05.04.2011 15:45 05.04.2011 19:31 AUDUSD Buy 1.00 1.07139 1.07771 1.07962 1.07771 -19.1 -191.00 3h 46m -1.91%
something very suspicious and indicates that manipulate statistics myfxbook because until yesterday, May 4 was not in:
Verified Track Record
Verified on 05/05/2011 4:05! changed it today, causality!
So much thought if you want to try this bot
regards
Woops… just sent y’ll a mail saying that this had a 11% return and then it goes and opens up some trades… now it’s sitting at -2%… Sorry, if I confused anyone.
Hi cam,
Today was the DD bigger thant ever 20% of my account down…..
And in his trial account 12 % down..
So far to date, this is the best EA I have seen. It got hit really hard with the surprise news on the EURUSD at the beginning of may2011. I have seen this thing in action and as long as you pay attention to it and kill a trade before a major news event like that is released, you are pretty well safe. Plus, the tech support is currently working on an addition to the logic that will avoid this type of thing ever happening again.
Hi Cam,
Which broker do yo use,
Thank you
Alpari Uk
I think this bot uses martingale system. you must take care, i am not saying this one is s disaster, but all of martingales start rising the balance at end it comes up with a lot of close at stop ending as big looser.
No, the kanga doesn’t use a martingale. It has a recovery method that uses support and resistance levels to strategically enter follow up positions to offset a losing position. It does not increase or decrease lot size for every position, and it does not enter at a preset pip amount, which is what martingales do. Now Forex Hacked uses a martingale system. I have seen that bot make enormous sums of money and then watch it get into a strong trend and see it completely wipe out the account. I have never seen the kangaroo do that. own both so I am speaking from personal, live account experience.
You report 9 trades per week? Nothing like that. It trades maybe twice a week (if that). I run two copies on different accounts.
Wow…..you may want to look into a better broker. May also watch your spread and see if you are getting a widened spread that is keeping it from trading.
Gday Guys,
Does the Kangaroo EA trade the AU well? Im looking for a good EA that trades AUSUSD.
Thanks.
It trades the AUDUSD better than any other EA currently available, which is to say, yes.
Bad day today for the roo. Bought E/U at 1.4374
And of course I’m as confused as the Roo. I meant to say sold at 1.4374….
I’d make somebody a lousy robot.
Hey,
If you were a previous subscriber to the Kangaroo EA, lost money with it, and thought maybe the discontinuation of the monthly subscription would perhaps entitle you to trade it again, DON’T.
Don’t even bother sending an email asking about it. Never mind you paid around $200 initially, then maybe lost a couple/three months subscription fees on it. Not counting how much principal you lost on top of that.
They won’t bother answering it.
Very professional approach Ozzie, Dutch.
Currently, the recommendation is to trade only the AUDUSD pair (as it did originally). And I have been getting all wins on the AUDUSD pair.
So Antny, any news on the version that kills trades current when a news event is to come?
That would be v6.3. I am currently running it live. There were some issues with the system not resetting it’s status unless you restarted mt4. I don’t know if they got that worked out or not. I don’t have the emergency trade closing function on anyway. I prefer to handle that myself. I do have the emergency warning system on though.