Forex Hacked (by Socal_Ryan) Quick Stats
The user has deleted this system.
Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Forex Hacked Discussion
Socal_Ryan

Member Since Aug 13, 2009  5 posts Socal_Ryan Oct 19 2009 at 17:32
The Stats Aren't Up 2 Date, My MT4 Isn't Consistently Updating The Info Over To My Portfolio. I Don't Know Why Cuz It's Running Off A VPS. Anyways, On Thursday The 15th OCT 09 I Noticed A Huge Drawdown In My Account, Basically Half Was Floating In The Negative. Then When I Woke Up On Friday My Account Was Basically Wiped Out. cry LOL. So I Was Trying To Figure Out Why. I've Read Before From Blogs & Forums That A Lot Of EA's Don't Really Work That Great Towards The End Of The Trading Week, Which Was The Case W/ My Account. When I Looked @ 'aaronandshara' Portfolio, Noticed On The 25th Of Sep 09 It Experienced A Huge Loss & Guess What, That Was On A Friday! I Don't Know If It's A Coincidence Or How It Works W/ The Market, But This Week After My Deposit Goes Through I'm Going To Stop The EA @ 16:30 Eastern Time & Close All Open/ Floating Positions By Either 17:00 Or 19:00, See If Needs A Little Cushion, & Withdrawing The Profits From My Account, Since It Takes 2 Banking Days To Wire It. The Worst Days To Trade Historically & Just By Experience Are Thursday & Friday (Unless You Are A News Trader) For E.A.'s So I'm Gonna Stay Away From Those Days Since Momentum Builds Up Towards WEDNESDAY & Dies Down Thursday-Friday. & We All Know You Lose A Lot Of Money When You Lose Momentum. From My Understanding At Least. But I Do Still Have Faith In The System, Especially After Viewing 'aaronandshara' Page, I'm Just Gonna Pull Out Mid Week. Also I'm Gonna Limit The Amount Of Open Trades From 8 To 2 On The EUR/USD & USD/JPY Since Those Were The Most Actively Traded Pairs Which Also Experienced The Largest And Most Losses. Hopefully This (My Experience) Helps.

Was Pipin In Kirkuk! Now Pipin In The ATX!
bizWiz

Member Since Aug 06, 2009  397 posts bizWiz Oct 19 2009 at 18:42
why are you testing the ea on real money after a total blowout? i would assume that the first time was enough to learn the lesson.

test it on a demo and see what's wrong. there is no such thing 'A Lot Of EA's Don't Really Work That Great Towards The End Of The Trading Week'.

either the ea works or not - you can't judge it by selecting the best days. and on that note i can assure you that you'll not find an ea that makes you money without modifying it to fit market conditions (not with a public ea anyways).

i strongly suggest not doing the same mistake twice. good luck!

Sleep is for the weak.
Socal_Ryan

Member Since Aug 13, 2009  5 posts Socal_Ryan Oct 19 2009 at 19:13
When Did I Ever Say I Was Testing This EA? Why Would You Assume That I Haven't Tested It? Cuz I Started W/ Such A Small Amount? That's Pretty Ignorant Of You. 'either the ea works or not - you can't judge it by selecting the best days. and on that note i can assure you that you'll not find an ea that makes you money without modifying it to fit market conditions' Uhhh. Are You Serious? So I Should Adjust My EA To The Market Conditions? Well That's Exactly What I'm Doing By Turning It Off Mid Week & Withdrawing The Profits (If Any) That's Called A Strategy With Market Conditions Taken Into Consideration. I'm Not A Techie That Doesn't Have A Life That Can Devote The Time To Punching In Numbers & Back/ Forward Testing For Optimization. I'm In An Armed Conflict Right Now, So Whatever I Can Do To Better Profit From This System Is My Way Of '...Modifying It To Fit Market Conditions...' If You Actually Understood What I Wrote, I Plainly Said That Historically From My Experience The End Of The Week Hasn't Been A Great Trading Time Frame. So If I Want To Adjust My EA By Stopping It & Reaping Profits Mid-Week Then That's What I'm Going To Do. That Doesn't Mean The System Doesn't Work. Also I Specifically Wrote 'I Don't Know If It's A Coincidence Or How It Works With The Market', So By Myself Intervening In The EA Is A Form Of A Strategy. Nothing Is Perfect. For Example When I Manual Trade I Stay Away From News Days & I Usually Trade Just Tuesdays & Wednesdays, Cuz My Trading Style Isn't So Successful @ The Very Beginning Of The Week Nor Is It Towards The End. But That Doesn't Mean It Doesn't Work. When You've Got The Balls To Turn That Demo Account Of Yours Into A Real One, Then Please Feel Free To Send Me Some Pointers, But If You're Not Making Any Real Money & Just Feeling Good At Numbers & Stats That Don't Translate To Real Funds In Your Bank Account Then You're Not Really A Forex Trader. Your A 'What If Investor'!

I Totally Appreciate Your Concern & I Will Admit This Letter Would Of Been Written W/ A Totally Different Tone IF That 'Any Time V1.4' Account Of Yours With A 69.98% Gain Over Three Months W/ A Drawdown Of Only 1.9% WAS ACTUALLY A REAL LIVE ACCOUNT WITH REAL LIVE FUNDS, Then I Would Of Submitted To Your Advice, But Since It's A DEMO ACCOUNT W/ Nice Looking Numbers, Then Yea... You Get What I'm Getting At. It's One Thing To Have A REAL SUCCESSFUL ACCOUNT & GIVE OUT ADVICE, IT'S ANOTHER TO HAVE A ***** DEMO ACCOUNT & STRUT AROUND THIS WEBSITE WITH A SMIRK LIKE YOU'RE THE SHIT, YOU'RE JUST ACTUALLY A ******.

Thanks Bro For The Opinion, You Know What They Say About Opinions & Assholes? Everybody Has One! Some Just Are A Little More Shittier.

Hit Me Up Next Time Your In Kirkuk, Iraq. Hope You Have A Rifle & Armor. Lates!

Was Pipin In Kirkuk! Now Pipin In The ATX!
bizWiz

Member Since Aug 06, 2009  397 posts bizWiz Oct 20 2009 at 09:35
hey there man, i was just trying to help, didn't mean to sound arrogant or rude or anything slim.

i do trade my ea on a demo, but that is for extensive testing before trying it on a live account.

since you've lost your account in just one week, i'm pretty sure you're over trading.

wish you best of luck in your trading and in iraq.

Sleep is for the weak.
Please login to comment.
Bank of Japan Governor Kuroda Speech (1 day)
Lobbying in American-US Airways deal focuses ...(21 min ago)
EURUSD 1.29328 GBPUSD 1.51194
USDJPY 101.25 USDCAD 1.03196
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data New          

Site Map  |   Terms & Conditions  |   Privacy Policy
©2012 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.