FX-CT-OneMonthTest讨论

several things:
1) Are you using MM ?
2) How big are your trade sizes?

Hi forexpipcatcher ...

No money management is used as using MM with such martinagle system will lead to exponentially increase in the DD due lot increment because of balance increment. This way, as much the account will make profit while keeping same lot size will lead to increasing the safety factor to make the account resist bigger DDs. Trader can increase the lot size slightly (manually) for every specific profit percentage, fore example, every 30-50% ...

I use minimal lot size that will keep me save in the market, starting lot size I use is 0.1 lot. Lot exponent is 2 and Grid size is 25 pips. The EA has profit collector in $$$ function that make closing open orders in any direction is dynamically depends on the number of opened orders.

The EA could be used safely on $10k account too, or micro account with 0.01 lot size.

Hi!

And what is the name of this EA?
How can I try it?

thx

Hi fehernyul ...

The name of the EA is FX-CT-EA, i.e, forex counter trend EA.

I'm sorry, it is not for sharing. It is a commercial copy. Will intend to sell copies of it
and manage some accounts using it too.

Okay, so where can I buy and how much is it? :)

I sell one licence copy for $250 paid to my moneybookers (Skrill) or Liberty Reserve account ...

The licence can work on one live account and unlimited demo accounts for life time.

More licences are available at less prices ...

Its like a grid and cycle EA which keeps stacking trades until in profit. I have seen it's type a million times and at any given point they look good but they will blow up when the market trends HARD. In fact I developed something very similar to this several years ago.

forexpipcatcher posted:
Its like a grid and cycle EA which keeps stacking trades until in profit. I have seen it's type a million times and at any given point they look good but they will blow up when the market trends HARD. In fact I developed something very similar to this several years ago.

You are right, forexpipcatcher. To sucess in such this type, you need to have a good capital, the minimum lot size, the right settings, and finally, non-greedy trader!.

Let us see how this EA will pass it :)

one more thing you will need if you are to be successful and that is the spacing of each trade. Don't make them close and you might succeed. This means less profits but a better chance of survival

forexpipcatcher posted:
one more thing you will need if you are to be successful and that is the spacing of each trade. Don't make them close and you might succeed. This means less profits but a better chance of survival

Forexpipcatcher ...
Thanks for your really positive discussion.
I did use in the past 36 pips ... Yes, it is much safer but the profit collect is too slow. The account was 10k. As a compensation to that, I use now 25k account with 25 pips. Also, I admit that using this EA on low volatility pairs like usdjpy is more better, but I like to see more daily action as long as I use demo account. May be in the future will put a new account with much much safer settings, but my server is busy with too many mt4 platforms are running all the time!.

I used this EA in the past to trade a big account (managed one), but the owner of it was so afraid when he saw a DD of only 8% :( ... I can't remember what was the total profit %, but that happened after about 2 months of trading. He decided to stop it!.

Thanks again :)

8% DD is very little there must have been more to it. Hmm how about the margin? cycles takes you to the maximum margin usually.When you say you use 25 pips are you talking 4 digit broker or 5 ?

Yes, 8% is little, but if the money owner is looking to the DD in $$$ but not in %%%, he will think differently specially in the big accounts. I can't rememebr how was the margin is, but it is still can handle more levels. I mean 25 pips/4 digits or 250pips/5 digits ... anway, the EA do that auto.

oshaban posted:
Yes, 8% is little, but if the money owner is looking to the DD in $$$ but not in %%%, he will think differently specially in the big accounts. I can't rememebr how was the margin is, but it is still can handle more levels. I mean 25 pips/4 digits or 250pips/5 digits ... anway, the EA do that auto.

Does your EA do calculations for long's and short together or are they sepaated and your taking a total accumulated?

Longs and shorts are completely separated. Even profit is calculated to each direction separately. That means there is no close all orders (longs and shorts) at any time.

so, it looks like 2 EAs, each works in it's own direction.

who sold that to you because you have what I created long ago

God ... How you are sure this code is yours?
I'm doing my own code ... doing c/c++ since 16 years ago and mql4 since 8 years ago.
If you already did such an idea, that doesn't mean other people can't think like yours!
I can show you a part of the code if you like. It is not de-compiled one ...
at the same time, you may show me a part of yours ...

Aslo, would you please tell me how you calculate target profit in your EA?

In the past, I created an EA named be 'Basic Balanced System' ... here is a link to it ...
https://forums.forex-strategies-revealed.com/viewtopic.php?f=5&t=484

That was few years ago ... after few months, I got few emails for marketing an EA called
BBS system ... I never tell them this system is mine because I'm not sure about if the system
is a copy of mine or not.

Anyway, about my EA, the main idea was belongs to a nice guy from Hungary who asked me to code
it to him (paid). The full rights of the original idea is kept to him as long as no changes are done to it.

I developed it and make it work in 2 directions instead of one with minor changes, so, the new version
will transfer the last version copyright to me and I sent him a free copy of the new version as I used to
all my clients about developing their ideas.

This is all the story of this EA.

No what I'm saying is that you are happy with this and I gave this up long ago thinking it was worthless. Perhaps the improvement you have made is worthwhile.

The EA has hit 51.94% of profit within 2 months of test.

Hi, I am a Martingale trader and have learned from failure that being patient and using many, but small orders is the correct and profitable way to trade such systems. My set up is actually a well-known EA that I use in Demo mode to generate 1X,1X,1X,3X,6X,9X,15X,21X,etc, sized orders as necessary in the counter-trend. I am not a programmer but I have have found a way to throw away all 1X orders - treated as 'noise'. Even though some 1X may actually be profitable, I find that too may 1X orders can cause unnecessarily large drawdown (DD). History shows after 1000 trades or so, is either a loss, or balance to Zero $. So, I just throw them away. I filter out and keep only 3X and larger or even 6X and larger orders for Live trade. There will be 90% fewer orders and much less DD (and way less profit for Broker! ;))

Osama, do you have any comments?

Also, I would like to try out your EA. Please let me know some more details, settings, requirements, etc., and how to pay you.

-Drew
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