~Are you giving us a true representation of your results?~

[aferna64]

Hi Kangaroo EA team,

I would have much rather kept this a private message, but there is no contact information for me to email or msg you privately. In fact, I wouldn't have bothered going through the trouble of signing up for an account, except for that I was actually considering purchasing your product until I found the following and had to comment in case there was some misunderstanding, although I can't fathom what that might be.
I just googled Kangaroo EA and stumbled upon this myfxbook record.
Looks like Kangaroo EA had run a test (now discontinued) that happened just before the extremely profittable one on your website. Are these the same version of Kangaroo EA? Can you explain the losses that occurred? And then why this original test ISN'T on your website? If they are the same version or close to it, why did you stop the test and start a new one that did not the previous losses?

Discontinued, unprofittable, not on website: http://www.myfxbook.com/members/fore...ontinued/71238

Profittable, ONLY one shown on the website: http://www.myfxbook.com/members/Tuli...l-live-c/68427

Note that the new test was run just after the unprofittable discontinued test.

Thanks for the clarification

[NextLevelForex]

As an old time user of Kanga (like 2 months after is was released) and frequent reader of this forum, I'll reply to your post now, and TulipFX team will probably follow up later.

The unprofitable account you came up with is from a user, not from the TulipFX team, and is just one of the many unprofitable accounts. As a matter of fact it's one of the worst I've seen, and there are many reasons for that, which you will find out by reading this post, available on the front page of the forum (as well as on tulipfx.com, if you go to page 2 of the blog):

http://tulipfx.com/fxforum/content.p...rading-Results

If you care to buy Kangaroo and experiment on your broker, make sure it meets all the qualities (high tick count, low spread, unfiltered data; by the way, the account shown by you is the worst kind, as it has fixed spreads) that the recommended brokers have (Pepperstone, FinFX), or else you'll come back claiming they scammed you with an EA that does not work at all.

Happy trading!

[NextLevelForex]

Note that the new test was run just after the unprofittable discontinued test.

That's not the case at all. They start almost at the same time, and overlap for the whole losing period...
The unprofitable account runs from Dec 2010 to Jan 2012, while the official account runs from Nov 2010 to now.

[Ozzie]

Yes. As you can see our account is a live account with real money on the Collective Broker (good quality).

That other account was run by Forex Germany. They never updated their EA. The news filter stopped working because of this. They kept trading the EURUSD when we sent out an advisory to remove the pair. They tested it on FxOpen Cent account. If there was a list on how not to trade the KangarooEA - they had everything on it.

KangarooEA operates using regression analysis. Poor quality data from your broker will cause the calculations to not be as exact. KangarooEA has a sophisticated news filter - if you do not have it operational, trades could be taken just before fundamentally important news announcements. We have advised since the Greek Crisis emerged and the EURUSD has become a violent and volatile pair to only trade the AUD KangarooEA. If the EURUSD Kanga had been traded through that period - it is not going to look good either.

This isn't the only reviewer which this occurs on. Almost every EA reviewer has managed to muck up the KangarooEA somehow - even Birt did! (Granted he started a new test with a proper broker, and surprise surprise is motoring along!). KangarooEA is probably one of the few EAs that operate better live on a top quality broker rather than a demo.

Anyway, that's the long winded way to answer : Yes our account is atrue representation. We wouldn't trade it ourselves on hundreds of thousands of dollars unless we got the same good results shown (although on lower risk than shown).

In the end the decision is up to you If you don't trust your broker quality (such as HotForex) then you might decide KangarooEA is not for you. On a good broker - you'll get very similar results to our account.

[porkloomain]

And if you would like a third opinion:
I can say that what has happened during my experience with the Kangaroo is exactly as Ozzie states.
I have previously lost some money on a mediocre broker with Kanga and then recovered said money by refraining from trading the EURUSD on the same broker.

I have since moved to a recommended broker and followed trade advise as posted by Ozzie and Dutch and can confirm that my acct has followed the myfxbook acct with very few exceptions. And those exceptions have been profitable.
As dutch said "In the end the decision is up to you", but , if it matters to you, I have been pleased with my decision to use the Roo!
Hope this helps
P

[Antny]

I would also like to chime in on this. When i first started using the Roo, I traded it on FXOpen (ECN and Micro accounts) and the results were never as good as the Official TulipFX live account, but after I switched to a broker who gives a high tick rate, and doesn't work against me, my account has been a near perfect mirror image of the Official TulipFX live account.

The broker you use will make a huge difference. Any tests you see with poor results are most likely done on a broker with a poor data feed

[slammle]

Hi Kangaroo EA team,

I would have much rather kept this a private message, but there is no contact information for me to email or msg you privately. In fact, I wouldn't have bothered going through the trouble of signing up for an account, except for that I was actually considering purchasing your product until I found the following and had to comment in case there was some misunderstanding, although I can't fathom what that might be.
I just googled Kangaroo EA and stumbled upon this myfxbook record.
Looks like Kangaroo EA had run a test (now discontinued) that happened just before the extremely profittable one on your website. Are these the same version of Kangaroo EA? Can you explain the losses that occurred? And then why this original test ISN'T on your website? If they are the same version or close to it, why did you stop the test and start a new one that did not the previous losses?

Discontinued, unprofittable, not on website: http://www.myfxbook.com/members/fore...ontinued/71238

Profittable, ONLY one shown on the website: http://www.myfxbook.com/members/Tuli...l-live-c/68427

Note that the new test was run just after the unprofittable discontinued test.

Thanks for the clarification

I wouldn't mind if you didn't buy it so the rest of us can continue to profit from it without the possibility of over saturation. Not that it is that likely, but the less the better imo!