FxPapa Expert Advisor (by FxPapa) Quick Stats
Gain: +297.92%
Drawdown: 18.68%
Pips: 1041.7
Trades: 165
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

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FxPapa Expert Advisor Discussion
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Alec

Member Since Jul 24, 2011  87 posts Alec Feb 08 at 17:59
Anyway, the equity fall is not showing on the chart. So it's like it never happened! Not good

reinerh

Member Since Nov 06, 2009  28 posts reinerh Feb 08 at 18:25

   Alec posted:
   Anyway, the equity fall is not showing on the chart. So it's like it never happened! Not good


yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.

but what really matters how low the equity was from the all time high, thats what i consider the real drawdown. i will send them a mail maybe a future improvement to their site.

Alec

Member Since Jul 24, 2011  87 posts Alec Feb 08 at 18:40

   reinerh posted:
   
   Alec posted:
   Anyway, the equity fall is not showing on the chart. So it's like it never happened! Not good


yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.

but what really matters how low the equity was from the all time high, thats what i consider the real drawdown. i will send them a mail maybe a future improvement to their site.


Yes, that would be better.

Meanwhile, the FxPapa people may be waiting for everyone to have their 3 trades closed before they send the next signal. So there are no violations of the max 3 simultaneous trades rule.

Alec

Member Since Jul 24, 2011  87 posts Alec Feb 08 at 18:50 (edited Feb 08 at 18:53 )

   reinerh posted:
   yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.


And yet, open drawdown is just as important as closed DD. Equity curve versus balance or profit curve. Floating (open) DD is what can blow an account.

FxPapa

Member Since Nov 26, 2011  115 posts FxPapa (FxPapa) Feb 08 at 20:09
Hi

We are creating an update for the EA to solve the SL problems. It will be ready this weekend.

Thanks for all comments. We are doing our best to keep the EA on success.


Best Regards

http://www.fxpapa.com
Alec

Member Since Jul 24, 2011  87 posts Alec Feb 09 at 00:26
FxPapa! So glad you're back.

FxPapa

Member Since Nov 26, 2011  115 posts FxPapa (FxPapa) Feb 09 at 00:29

   Alec posted:
   FxPapa! So glad you're back.


Thanks :)

http://www.fxpapa.com
yoshida99

Member Since Oct 15, 2011  2 posts yoshida99 Feb 09 at 07:17
The creator of Fxpapa is not honest. He hide drawdown period in BACKTEST. It is clear. Do not trust!

rgmann

Member Since Nov 20, 2010  82 posts rgmann Feb 09 at 12:27
I requested a refund, due to the fact that FxPapa is advertised as an 'Expert Advisor,' when it is acutally a signal service. And also because of the dishonest claim of the 15% 'equity loss' feature on the vendor's live test, which is actually much higher than that and makes its performance look much better than it should. But my request for a refund was denied by the vendor. So be aware of that before you decide to purchase it. I will now escalate a dispute with PayPal and go from there...

FxPapa

Member Since Nov 26, 2011  115 posts FxPapa (FxPapa) Feb 09 at 12:35
Dear Roger

Of course this is an expert advisor.

We are honest. Read the Manual and it has completely described the SL level.


Regards

http://www.fxpapa.com
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