Quantum EA is a Forex EA developed by Mark Allen. It trades the EUR/USD, USD/CAD, and USD/CHF currency pairs on 15 minute time charts.
As this EA has just been released, there isn’t much information on it at this moment. Though, I’ve been given a review copy to test which only trades the USD/CHF pair. Lab results are below.
Currently running Quantum EA on Alpari UK, testing started on 13th February 2012. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 5015.39 | |||
| View our Quantum EA Demo Test Statement | ||||
Lab Result:
great!
you couldn’t elaborate on that comment by any chance could you andy!cheers,marka
Hey Mark a, I will be happy to test it for you,
Regards Jax.
great stuff jax. sounds impressive but don’t they all. looks cheap enough too.good luck!
Hi all, anyone getting good results from this EA?
No performance review as yet, mostly because they have been having a lot of issues with there purchasing process.
The EA will only work on usd/chf pair unless you spend another $97 on the upsell, then it will work on just three pairs.
I put it into action on Alpari Uk about 14 hours ago – no trades so far.
About 10 hours ago I had to restart my pc and on relaunching the platform the EA got stuck on ‘verifying your license’ – have removed and re-added it and as of now still showin ‘verifying license’ – have emailed support.
The support are responsive so that’s a plus – but so far the only one
Bought this EA 2 days ago, on display only saw “444444444444444444444 Help: support@QuantumEA.com”
Not sure what it means, have emailed support 3 times but have not got any single response. VERY BAD SUPPORT! WIll ask for a refund at the end of this week!!!
Lee, had the same problem here. You need to change the Magic Numbers (bottom of EA Inputs tab) on you different charts. Then restart your MT4 or refresh the EA. That will fix it. You may find that only one of the pairs works unless you ordered the advanced version.
Hope this helps.
Hi Cam, thanks for your advise. Unfortunately it is still not working. I even used two different platform (FXCM and FXDD). Not working on both MT4. Really need their support to fix this.
will not purchase this one as i have been informed by a reliable source that this one is probably a scam! it has no live test results and the results they do show apparently have been altered,and its marketed too aggressively and is too cheap!
I’ve read elsewhere talk of this one being a scam? People writing with stories of ‘accounts verified by name’ used – doesn’t exist? /broker doesn’t exist? That phone numbers aren’t valid? That the up sells are ridiculous… the list goes on …. It just doesn’t rest good from where I’m sitting reading..I haven’t watched the video..but will put it on my unwatched video shelf … under … erm….’Fantasy’ I think? …I’ll move it if I am wrong… (I might need to put it on the comedy shelf?).
Oh – Very surprised at the big names recommending this one also …which raises the question of are they all in the affiliate game…or are they all as clueless as us?
very early days, i bought it yesterday, has made several trades, i have multiple charts open , minimized at the bottom, and it opens trades in any of the charts i have open. just make sure u leave it on the 15M timeframe, as apparantly it was designed for that. on the currencies, its made profit on all of its trade, but out of the 4 xau/usd trades it made, only one of them made profit (have now turned off the EA on the gold chart). As i said before, its still too early to see if its good, but ill let it run….
Adam, did you buy the basic version which is supposed to trade usd chf or the advanced version?
Na just the basic 37 dollar version
This is an absolute scam, do not even bother. Wasted $37, a good amount of beers on over hyped crap. You cant even get to download it after payment, lets see if Click Bank will offer a refund.
Do not worry Clickbank always refunb
Adam – I’d be interested in hearing what this one does going forward if you are testing it – (only because of the big names recommending it – I’m curious) .. although saying that – I hope you’ve taken heed of a possible scam on this one and ensured you’re only testing on demo
Red Alert on ForexPeaceArmy reveals it to be a pure scam with 4 upsells requiring a large outlay in the hopes of having a completed system
Recommend steering very much clear.
There are NO HONEST affiliates out there. They’re just a part of the scamming process. They’ve proven that time and time again. Even the so-called big names. The attraction for them is that they get to keep their cut anyway (refund or not).
I agree there is not a lot of honesty out there – BUT I must say I am impressed so far with:
http://honestforexsignals.com/
1 – no upsells!
2 – no actors!
3 – great support (phone even!)
4 – it works (trade mirrors)
BTW – I am NOT an affiliate
Very sad that we are getting taken like this.
Does anyone have any info on this EA from http://www.forexsteam.com
It looks like the old dragon pips EA… Is that any good
Regards
Walter
I ran Forex Steam in a practice account for 8 months. It tripled. I started running it on a live account 2 weeks ago. It is up 20%. Again, thats on a real money account. I use 18 pips TP and 32 pips SL. Doing some data analysis, I would say that I could increase the TP to 25. Every positive trade moved at least 26 pips in the right direction. Some trades were 50 or 60 pips, but I was out at 18 regardless. If there is any downturn in the trade its usually no more than 15 or 20 pips, before turning positive. I’ve learned to let it go negative without bailing early. It usually comes back. Just be advised it uses a martingale strategy. That is, it doubles the position size after a loss. You need to consider your lot size inputs. You might only be risking 2% with your stoploss, and then 4%, which you might be comfortable with. But your margin requirements double as well. What that means, for example, on a 10K account you might risk 200, but your margin would be say 3000. If you lost the trade, your next one would double. You would only be risking 400, but your margin requirement would be 6000. If you lose that one, your account wont let you trade a third time because it would need 12000. In 9 months I have seen 3 losses in a row only one time. Two in a row is rare but it happens. I have seen it win lose win lose for a while. But as long as your TP is more than one half of your SL, it will make money at a 50% win/loss ratio, which I saw in action.
Hi Greg, are you using the Forex Steam Light Risk ea or the standard one?
Did anyone see the Quantum EA webinar today? $500!
Is it new and improved? Or still trash?
Hi Cam, I did what you said about the 44444444s but they are still there, can you help me, I have many other eas up and running, this is the first one I’ve had any trouble installing?
just ask for a refund using your citibank, then they will send you a advance version for free, but even with that it’s still not making any trades…
Asked for refund but won’t refund as he says in his ads. SCAM he leads u thru one page after another expecting you to pay more and more.
Had the basic version for 5 – 6 weeks and it never traded. Disliked the upsell after you buy, typical internet marketing which is really annoying. Anyway received a refund from Clickbank OK, so what can you expect for $39?
yeah i asked for a refund but no reply…seems like a bunch of crap…who the hell wants to wait a month for a trade…i wanted something that would transfer alot even if its small lots…but this…it gave my $17 for a month…
Hi,
Pretty new to all this, paid £29 for EA, didnt/havnt received anything, no disk/email/downloads, so I aint happy, tried to get intouch with clickbank, heard nothing, any advise?
I purchased the whole lot and on a demo acc it lost just over $4000 in 4 weeks?? and only made about 5 trades all up. Got full refund from Clickbank..
Stay away.