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FXCharger (By forexstore)

The user has made his system private.

FXCharger Discussion

Aug 14, 2016 at 23:39
20,644 Views
395 Replies
Member Since Nov 26, 2016   95 posts
Jun 15, 2017 at 11:11
Last trade recorded is 23th May.
Has anything happened?
Member Since Feb 22, 2011   4862 posts
Jun 15, 2017 at 11:52
togr posted:
It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

and account gone!
Member Since Nov 26, 2016   95 posts
Jun 15, 2017 at 16:38
Sure it's agressive martingale, no doubt about it.

But if the account was gone, how would they know upfront and stopped logging it?
What I want to say, there is no proove it has gone.

From my understanding, the account just stopped trading or logging the trades and my question is: Why?

BTW
As we all agree this is lottery, what should we do with this 'Risk of ruin' statistic of myfxbook:

Loss Size 100% 90% 80% 70% 60% 50% 40% 30% 20% 10%
Probability of Loss <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% 0.06% 2.9%
Consecutive Losing Trades 120 108 96 84 72 60 48 36 24 12

It's useless in the end, cause 5 consecutive loss trades will kill the account.

Mic
Member Since Feb 22, 2011   4862 posts
Jun 16, 2017 at 06:43
MicF posted:
Sure it's agressive martingale, no doubt about it.

But if the account was gone, how would they know upfront and stopped logging it?
What I want to say, there is no proove it has gone.

From my understanding, the account just stopped trading or logging the trades and my question is: Why?

BTW
As we all agree this is lottery, what should we do with this 'Risk of ruin' statistic of myfxbook:

Loss Size 100% 90% 80% 70% 60% 50% 40% 30% 20% 10%
Probability of Loss <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% 0.06% 2.9%
Consecutive Losing Trades 120 108 96 84 72 60 48 36 24 12

It's useless in the end, cause 5 consecutive loss trades will kill the account.

Mic

check the equity it is less then 100%
check open trades zero
how would you explain that?
Member Since Nov 26, 2016   95 posts
Jun 16, 2017 at 06:52
Are we looking at the same account?

Balance: $21277.31
Equity:(99.79%) $21232.21
Highest: (May 23) $21277.31
Profit: $19277.31
Interest: -$769.54
Deposits: $2000.00
Withdrawals: $0.00
Updated: 10 Minutes ago

Sure there are no trades, that's my question, they stopped, but account is IMHO healthy and current (updated 10 minutes ago).
Member Since Nov 26, 2016   95 posts
Jun 16, 2017 at 07:09
... but you are right, I can't explain the $45,10 between equity and balance.

On the other hand, my personal account (fully verified) had a gap of $3000.
So it might be a bug.
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Jun 18, 2017 at 07:01
Hello everybody! Thank you guys for your interest in FXCharger EA. Glad to let you know, that with this account is everything good 😄 As you know system opens 2 trades at one price - Buy and Sell. So robot opened that trades at 24.05 and still can't close any of the trade, because price didn't reached TakeProfit. These trades just still in market and waiting of TP price. It is a rare situation when it take so much time to reach TP, but sometimes it happens. Screenshot with proofs is attached.
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Jun 18, 2017 at 10:17
Hello everybody! Thank you guys for your interest in FXCharger EA. Glad to let you know that with this account is everything good 😄 As you know system opens 2 trades at one price - Buy and Sell. So robot opened that trades at 24.05 and still can't close any of the trades because price didn't reached TakeProfit. These trades just still in market and waiting of TP price. It is a rare situation when it take so much time to reach TP but sometimes it happens.

P.S. I tried to attach screenshot with MT4 window, but for some reason post that included attachments don't displayed at this discussion 😞
Member Since Jan 21, 2017   5 posts
Jul 03, 2017 at 12:36
Have you stopped audusd account? No trade for a long time
Member Since Aug 21, 2010   171 posts
Jul 06, 2017 at 05:50
low DD high gains. wow! 1 year+ performance

as long as it has stop loss and doesnt hold traders in negative. then this is is really good
Plan your trades and trade your plans.
Member Since Jul 26, 2010   88 posts
Jul 17, 2017 at 13:04
Hi all
The fxcharger for AUDUSD is closed because this system is marginal and we do not know the turn of fxcharger for The eurusd so take care
Member Since Nov 26, 2016   95 posts
Jul 17, 2017 at 14:47
fmlbfx2010 posted:
Hi all
The fxcharger for AUDUSD is closed because this system is marginal and we do not know the turn of fxcharger for The eurusd so take care

This is a rough guess?
Where is the evidence?
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Jul 18, 2017 at 06:15
Hello guys!
Yes, it's true. Our AUDUSD account gone 😞. But the problem not in EA. We trade with 100% risk, that is why account was lost. The reason why we use such high risk is in the wish to show you all potential of the FXCharger. If we would used risk that we recommend to our customers, we would lost only 35% of deposit. And after that we clould easy restore it. Martingale has no any problem if you use risk control that FXCharger has.

Because of situation with AUDUSD account, we plan to decrease risk on our EURUSD account soon.
Member Since Nov 18, 2015   247 posts
Jul 18, 2017 at 16:25
why dont we have the chance to backtest it?
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Jul 19, 2017 at 06:44
successwill posted:
why dont we have the chance to backtest it?
Hi! What do you mean? Every our customer has possibility to make backtests, trade on demo and real accounts after purchasing.
Member Since Nov 18, 2015   247 posts
Jul 19, 2017 at 16:42
fxcharger posted:
successwill posted:
why dont we have the chance to backtest it?
Hi! What do you mean? Every our customer has possibility to make backtests, trade on demo and real accounts after purchasing.

i mean testing before purchasing
Member Since Nov 26, 2016   95 posts
Jul 20, 2017 at 07:10 (edited Jul 20, 2017 at 07:11)
The whole EA market seems to work like this.
You have to purchase an EA, have more or less 30 or 60 days money back guarantee.

Better would be, if demo accounts and backtests would be for free, without any money flow.
So one can make a decision based on its own tests.

This would kick out all the scammers.

In the case of FXCharger this is a matter of taste.
My backtests shows drawdowns every 2 to 3 years. Which is not suprising as it's using martingale technologies and will happen with mathematical certainty.
The drawdown is limited by the risk you choose. So default value is 35%.
If it's profitbale overall then, I don't know, but at least it won't crash your account.
Member Since Nov 26, 2016   95 posts
Jul 20, 2017 at 07:13
Feature Request for myFXbook:

I'd like to see all crashed accounts. Don't let public accounts be deleted.
If an EA developer choose to publish, this shouldn't be reversable.

Member Since Jan 24, 2017   109 posts
Jul 23, 2017 at 04:17
Can anyone using this EA share his experience with it...?.. good or bad..?...
Thank you.
Member Since Dec 03, 2012   9 posts
Aug 06, 2017 at 06:15
hi
anyone try this ea guys ?
thank you
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