ShareGridMeUpFX 2013 (by odrisb) Einfache Statistik
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GridMeUpFX 2013 Diskussion
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Mitglied seit Mar 04, 2011 286 Beiträge
Pakfx
Oct 12 2011 at 05:23
gwrigh posted: And the sentiment is bullish! Shutting this stupid robot off and closing all its trades before it does any more damage (which it looks like it is anxious to do). Please beware anyone who wants to gamble with this strategy, that it is not intelligent - it cannot adjust to major trends. 0.5% risk (about 0.09 lot sizes) cost me a solid 25%!!! of my account balance which used to be $20K. Dang! I will have to rebuild using something smarter. its not the bot fault its your fault. as vendor said most of the time do not over trade. if you know that its grid plus Martingale system then you have to play with minimum lot size with 1k deposit. also remember it will not Martingale till it reach 8 order. and its is the best with this market. also if you check out the result you can find that it only eat some of your profit not the capital. so 1st thing i have learned you have to save your capital. remember not every day is Sunday and for fun. rock star.  wait and see it will cover up the loss at the end of month hopefully. Press F1 for help or Dial 911. |
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Mitglied seit Sep 06, 2011 39 Beiträge
Jacky Lee (JackyLeeLi)
Oct 12 2011 at 09:40
I m using this system on a demo account, Although there was a drawdown, the ea survive. Better than genial
Highest FinFX, Instaforex, Pepperstone and AVAFX Rebates: www.snowcatfx.blogspot.com |
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Mitglied seit Sep 30, 2011 12 Beiträge
viloader
Oct 12 2011 at 13:33
and another exciting rollercoaster of martingale...
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Mitglied seit Sep 12, 2009 312 Beiträge
kishorejoga
Oct 12 2011 at 16:05
just survived because of positive news
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Mitglied seit Sep 10, 2011 2 Beiträge
dwfwmfb
Oct 13 2011 at 02:59
This is a highly risky EA. No matter how long you test it on demo or real account, or how much it made in the past, it has the potential to blowup your account in few minutes. Don't waste your $20. I had margin calls yesterday, had to manually shut down the EA, closed pending orders and positions, eventually lost 75% of my account. I suggest the owner to take this EA off from your website, to avoid more people to suffer losses.
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Mitglied seit May 03, 2011 42 Beiträge
odrisb
Oct 13 2011 at 04:26
dwfwmfb posted: This is a highly risky EA. No matter how long you test it on demo or real account, or how much it made in the past, it has the potential to blowup your account in few minutes. Don't waste your $20. I had margin calls yesterday, had to manually shut down the EA, closed pending orders and positions, eventually lost 75% of my account. I suggest the owner to take this EA off from your website, to avoid more people to suffer losses. If you don't use correct Money Management yes you will blow your account. There is a LossStopOut put in place to stop you from blowing your account. Everyone wants to get rich quick and over trades their account and that's what happens. I have many members that are using this EA successfully as part of their trading portfolio. |
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Mitglied seit Aug 09, 2011 39 Beiträge
matthew (fxwinners)
Oct 13 2011 at 05:11
Exactly. Trading is all about Money Management. If you want to overtrade, trade. But place stops so you're not wiped out on that big move day. Else be conservative and enter with min lots. Thats wat makes you successful.
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Mitglied seit Mar 04, 2011 286 Beiträge
Pakfx
Oct 13 2011 at 05:15
dwfwmfb posted: This is a highly risky EA. No matter how long you test it on demo or real account, or how much it made in the past, it has the potential to blowup your account in few minutes. Don't waste your $20. I had margin calls yesterday, had to manually shut down the EA, closed pending orders and positions, eventually lost 75% of my account. I suggest the owner to take this EA off from your website, to avoid more people to suffer losses. loll why dont you read this before http://gridmeupfx.blogspot.com/2011/07/beware-do-not-over-trade.html Press F1 for help or Dial 911. |
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Mitglied seit Sep 10, 2011 2 Beiträge
dwfwmfb
Oct 13 2011 at 11:28
Hi odrisb,
I've watching your another account traded by this EA, as I understand it was blown up few days ago. That account has now gone private. It'll be interesting to hear how you'll explain that. |
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Mitglied seit May 03, 2011 42 Beiträge
odrisb
Oct 13 2011 at 12:11
dwfwmfb posted: Hi odrisb, I've watching your another account traded by this EA, as I understand it was blown up few days ago. That account has now gone private. It'll be interesting to hear how you'll explain that. The account that blew up was obviously over traded. I know many members that deliberately over trade their account. They remove their profits then trade with no risk allowing them to continue to over trade. If the account blows up they don't care because they've already made their money and thats how they wanted to play the game. The max loss that should be incurred in 1 trading basket is 20% of your account if you use correct money management. Look all I'm trying to do is provide forex traders with another forex strategy (grid) they can use in their trading portfolio. If they use it correctly they should benefit in the long term. Don't blame the system if it is misused. There will be no overnight Millionaires using this system. If traders can't accept that then please stay away... |
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