December - Closed (de forex_trader_33635)
El usuario ha borrado este sistema.
Discusión December - Closed
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 07, 2012 at 15:01
Take the Equity and subtract 125$ ( bonus) and you will have the true equity.
Example:
Balance: 377.35
Equity 484.29 - 125 = 359.29 True Equity
Floating ( DD ) = 18.06
Account is always updated ( auto Sync through Myfxbook )
Also, this account is on ForexPeaceArmy - https://statements.forexpeacearmy.com/forex_identity_real/statement_new.htm
Example:
Balance: 377.35
Equity 484.29 - 125 = 359.29 True Equity
Floating ( DD ) = 18.06
Account is always updated ( auto Sync through Myfxbook )
Also, this account is on ForexPeaceArmy - https://statements.forexpeacearmy.com/forex_identity_real/statement_new.htm
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1916
Dec 07, 2012 at 15:27
(editado Dec 07, 2012 at 15:56)
losing confidence to xem ,certain imminent issues there
Dec 07, 2012 at 16:39
I am working very closely with the XEM IT head to resolve these issues. I still don't know if it's a poorly configured server or what. I do know, when I first started testing before MQ rolled out the last major 445 update things worked better. It wouldn't surprise me if the issues are coming from the latest mt4 server updates.
I'm still giving them a chance running micro lot accounts but it's hard to take any results seriously since the server is not stable. I had intended to run forex identity on alive XEM account that was all setup and ready to go when these server issues got really bad. I have since lost my license and since seeing sales for this EA have been discontinued I'm wonder, what's the point.
I'm still giving them a chance running micro lot accounts but it's hard to take any results seriously since the server is not stable. I had intended to run forex identity on alive XEM account that was all setup and ready to go when these server issues got really bad. I have since lost my license and since seeing sales for this EA have been discontinued I'm wonder, what's the point.
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 13, 2012 at 08:21
ForexScam posted:
BaseLotSize = 0.01
MaxOrderLevel = 10
SuperCharge = 0
UseLogic = 1
SafeModeLevel = 5
SafeModeLogic = 2
SafeMode = 2
Cycle = 1
Pairs: CADJPY - AUDJPY - BUY ONLY - No Sell orders - Go into Common Tab and 'Only Long' positions
After updating to the latest version ( Last weekend) I setup Mini Cycles on GBPJPY, which were suppose to be BUY ONLY like the other JPY pairs for the obvious reasons. I must have forgot to Check Box the ' Only Long' and now I'm caught upside down by the JPY weakness.
I didn't realize the mess until a Skype message alerted me that my account is going to Blow. Thanks for Watching out for Me 😀
another 87 Pips Up on GBPJPY and my account will blow. 🙄
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1916
Dec 17, 2012 at 03:46
Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.
That's probably why he refuses to show us his open trades, cause it would paint a much different picture.
jayman what about your results with this is ea?
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 05:43
ForexScam posted:ForexScam posted:
BaseLotSize = 0.01
MaxOrderLevel = 10
SuperCharge = 0
UseLogic = 1
SafeModeLevel = 5
SafeModeLogic = 2
SafeMode = 2
Cycle = 1
Pairs: CADJPY - AUDJPY - BUY ONLY - No Sell orders - Go into Common Tab and 'Only Long' positions
After updating to the latest version ( Last weekend) I setup Mini Cycles on GBPJPY, which were suppose to be BUY ONLY like the other JPY pairs for the obvious reasons. I must have forgot to Check Box the ' Only Long' and now I'm caught upside down by the JPY weakness.
I didn't realize the mess until a Skype message alerted me that my account is going to Blow. Thanks for Watching out for Me 😀
another 87 Pips Up on GBPJPY and my account will blow. 🙄
The Loss was from GJ - -5294.8 pips -850.81 $.
As I mentioned last week, it was my mistake from not double checking the parameters. Now I owe the Broker $557. Lol. The losses could have been easily prevented by keeping an eye on this account. Also GJ did retrace enough to exit the basket on Friday. However, it is December and On a Friday where my time is spent elsewhere.
I could have added more $$$ to keep the account alive and I thought about it more than once. However, I would rather flip the coin with this accounts situation and if it turned bad, try again at a Broker that I can Trust. XEmarkets is not one of those brokers.
Overall, making 100%+ Gain back to back ( 2 months in a row ) is a huge success for Forex Identity.
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 05:46
Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.
That's probably why he refuses to show us his open trades, cause it would paint a much different picture.
No not at all. I chose to keep a lid on the open positions to keep the logic at bay.
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 05:49
SaltyWaters posted:An alternative To other Martingale Grid EA's.
Was this suppose to be an alternative to what?
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 05:50
Rickyv101 posted:100 Pip Spike on the Opening Gap. Nice Call Ricky
oh, nope, Japensese general elections is coming , it might cause price spike.
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 06:00
Rickyv101 posted:
Will it be more safer to run those short cycle pair with hedge mode one?
Yes HedgeMode would decrease Drawdown significantly especially on any trending market like what we experienced on JPY pairs.
HedgeMode Feature was the solution to survive the Financial Crisis in 2008-09 while still using SuperCharge Setting
- https://www.myfxbook.com/strategies/forex-identity-safemode--8/26229
However the best solution is to Trade Directional when we have market conditions like these as I stated on Nov 26 at 06:56 on PipinvestmentBot Feed - https://www.myfxbook.com/members/pipinvestmentbot
forex_trader_32776
Miembro desde Mar 28, 2011
posts 1008
Dec 17, 2012 at 06:07
(editado Dec 17, 2012 at 06:25)
rob559 posted:Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.
That's probably why he refuses to show us his open trades, cause it would paint a much different picture.
jayman what about your results with this is ea?
I cancelled his license once I was aware that MQLLOCK was compromised. Jayman happened to be buddies with a member Palvus777 who released an edu copy of my EA - https://www.forexisbiz.com/member.php/13872-Jayman
But it could be from any of my clients. It was just a precaution after seeing the facts.
Dec 17, 2012 at 13:14
I am Forex Envy User as well, It has a pretty good market team to package their results and it is very danger for newbie to lose money, It blew my accounts many times. My last Ultra account blew up in 7 days, Their rigid grid ea are extremely danger.
Because of this, I used some poorly data from my broker and I did a mini backtest between those GridMart EA. ( Forex Envy3.3, Forex Hacked2.3, Forex Identity 0.852, Totalgrid1.54) Long Cycle only.
----------------------- Long Cycle --------------------------------------------------------
Forex Envy Power long is the worst one in DD, Then Forex Envy HV mode is slightly better,
ForexHacked2.3 is better than all Forex Envy long mode with lower DD. ( Forexhacked 3 should be even better but I am not able to test it)
Forex Identity 0.852 is better than Forex Hacked2.3 with same lower DD but higher return.(Therefore, Forex Identity is better than Forex ENvy long mode)
Totalgrid1.54 is very picky on data, so I am not able to test it, However, It's recommanded funding is too low and many people blew up their accounts.
(Totalgrid 1.55 should be better but I am not able to test it either)
<However the best solution is to Trade Directional when we have market conditions like these as I stated on Nov 26 at 06:56 on PipinvestmentBot Feed - https://www.myfxbook.com/members/pipinvestmentbot>
I agree with you, I have a free EA, it uses wallstreet EA's 4 indicators ( WPR, CCI, Stock, Mcad) plus HMA, it has very good results. Someone took the HMA main trend detection parts and add it to their own Flex gridMart EA, They mentioned that their results was very good.
Problem is that, Those Grid EA, we can only trend it at level one and then keep on going until trades are closed, May be we can trend it in hedge trades.
Because of this, I used some poorly data from my broker and I did a mini backtest between those GridMart EA. ( Forex Envy3.3, Forex Hacked2.3, Forex Identity 0.852, Totalgrid1.54) Long Cycle only.
----------------------- Long Cycle --------------------------------------------------------
Forex Envy Power long is the worst one in DD, Then Forex Envy HV mode is slightly better,
ForexHacked2.3 is better than all Forex Envy long mode with lower DD. ( Forexhacked 3 should be even better but I am not able to test it)
Forex Identity 0.852 is better than Forex Hacked2.3 with same lower DD but higher return.(Therefore, Forex Identity is better than Forex ENvy long mode)
Totalgrid1.54 is very picky on data, so I am not able to test it, However, It's recommanded funding is too low and many people blew up their accounts.
(Totalgrid 1.55 should be better but I am not able to test it either)
<However the best solution is to Trade Directional when we have market conditions like these as I stated on Nov 26 at 06:56 on PipinvestmentBot Feed - https://www.myfxbook.com/members/pipinvestmentbot>
I agree with you, I have a free EA, it uses wallstreet EA's 4 indicators ( WPR, CCI, Stock, Mcad) plus HMA, it has very good results. Someone took the HMA main trend detection parts and add it to their own Flex gridMart EA, They mentioned that their results was very good.
Problem is that, Those Grid EA, we can only trend it at level one and then keep on going until trades are closed, May be we can trend it in hedge trades.
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