Alpinist

Hi. All users.

I have used most of the paid expert in mql, and I am still exploring many experts.

I have been using alpi since October 2017.

The alpi operated steady multi currency, and I just watched.

The result was astonishing. The alpi had a whopping 110% profit over the 15 months. The account that started with 5000usd has already exceeded $ 10,000 and is still on the rise.

Above all, the authors' support was good. I have had enough communication with the author when there have been DD issues or issues. The author explained the current situation in detail. And he actively accepted the opinions of the users and updated the alpi.

The performance of the alpi as well as other experts made by the author is excellent. (BS, Malauder, etc.)

Many of the logic on the market proves their performance through backtesting, but the only real users I have used so far are the author's experts.

Good results are expected in the future. And I am deeply grateful to the author who always supports me. God bless you with you.

I have been forward testing on a 2 real accounts Alpinist with different brokers for over 2 months, there is quite a difference between account types and brokers (DD delta up to 8%) but the strategy always performed well.

At the beginning I made a mistake in setting up the EA and Andrey helped me to set everything up correctly. He also followed up very well my situation. He really went above and beyond with his help. For him if I could I would give 10 stars.

The EA itself usually runs with a DD that can peak around 35% with the Depo sets. However generally the operating DD is around 10% on average and then the EA works its way up collecting profits.

The system seems quite solid my initial concern was the high drawdown but if you can accept it the EA can provide solid profits provided you have a bit of patience to see results.

You can always adjust risk from the given setfiles and halve the DD (around 15% peak and operating around 3%) and risk less and earn less depending on your risk tolerance.

Overall, appears to be a very solid strategy, manage your risk accordingly.

Update 05 Nov 2018

EA still very stable and profitable after over 3 months of use on different brokers (ECN and non-ECN brokers). I will update again in 3 months but so far I am confident in Andrey's work with this EA.

Update of 02 March 2019

As it was running quite profitably for many months I decided to devote a substantial amount of my trading capital to this EA but was a huge mistake.

3 out of 4 accounts with different brokers using this EA and setfiles provided by the author (5000 Depo Steps) got liquidated during the recent GBP rally.

I have lost all my money in the 3 out of 4 live accounts.

I believe that the strategy is profitable during ranging market but due to the martingale nature of the recovery management on tranding markets you can loose everything.

The author offered his help but I am extremely disappointed from what I thought it was a profitable strategy.

I rented the product (Alpinist EA) for one month for evaluation.

I used the setup files recommended by the seller (Mr. Andrey Kolmogorov) for the nine currency pairs, in 5-minute timeframe (M5) and lot size 0.01.

The seller provides good technical support, responding quickly to questions about the product.

The product worked relatively well. Generating profitable transactions. But when the price moves in the opposite direction to the open position, the EA eventually open a significant amount of lots, to convert the losing position into a winning position, making a kind of "average price".

By comparing the trades registered in the signal previously made available by the seller (https://www.mql5.com/en/signals/358730), currently unavailable, I noticed that the quantity of closed positions in my account (standard account) were much smaller than the quantities recorded in the seller's account (cent account). Therefore, the type of account used significantly affects the performance of the Alpinist EA.

I recommend doubling the minimum deposit size recommended by the seller for multicurrency trading (from US$ 5000 to at least US$ 10,000) in order to avoid a significant balance drawdown of the account during eventual executions of "average price" by the Alpinist EA.

I understand that it is a good product, but it is necessary to pay special attention to risk management. Perhaps this item can be improved through backtests (for determining new parameters) or in future updates of the product.

So far so good. Let's see what it will perform. I will update comment here!