The Cardinal Dragon

Filed Under (EA System) by Casey on 05-11-2009

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I previously wrote about CardinalFX and how it is a clone of DragonPip… I was pretty amaze at their result a few days ago…

You see, I was toying around with this new MT4 stats site… MyFXBook.com. It was a pretty awesome site but I will leave it for another day to talk about that…

Anyway, as I was browsing the site and checking out all the system that was displayed I came across this…

cardinaldragon01

This EA manage 350% in return before it got screwed!! If you look at the left side information status… the drawdown was over 71%…

The drawdown happenned on the 2 November and I try to look at my own statement and found that this was not what happened on my trade.

Having said that… he was using Alpari and I was on FXOpen… two different broker… two different issues. And yes… there was an issue with Alpari.

I do also have my Alpari account and I did not really know what was the issue but… I got an email from Alpari indemnifed to me a previous trade on EURCHF on my real account on that same day. They refunded the trade that made a lost right back into my account.

So… could the result be a bit off? If it was… then the Cardinal Dragon should be on the path to profitability…

Now… Cardinal was toying around with different risk settings…

cardinaldragon03

As you can see, the different drawdown offers different gain percentage. Hmmm… I really need to analyze all my own dragonpip trades. And FXBook seems to be the right tool to use…

Interesting… very very interesting… While I do not endorse CardinalFX… I am trying to say is this EA has potential… on EURCHF that is.

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