Posts by CanAm
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Hi MFB developrs, I have long subscribed to one of (and I use this only as an example as it probably happens elsewhere) FOREX21 's posts, namely The reason I subscribed to this post was that I was looking at one of his services, PowerflowEA. On joining his 'database' I was also introduced to "Andrew"'s (sometimes signed Alexander) FX PULSE news indicator/EA as well as several other products for sale. My post is in relation to a couple of points: NOT ANSWERING/ADDRESSING......
The trouble with these 'account histories' is that there is no disclosure of open trades Does this have a fixed stop loss and if so how is it devised, ie; pips or % of capital? Looking at the big draw down amounts I'm suspecting huge stop losses so it hopes that the market will always reverse to the direction of your initial trade? Is it martingale? Does it double down? If it is in a losing trade will it allow more trades in the same currency in the same direction? what spread does it rely on to be profitable?
Tom'sEa WPFX LIVE In Trading Systems Jul 30 2013 at 04:02
[quote]craneliu posted: any one knew this managed account?[/quote] I have started getting junk mail for this one but my initial search for the MyFX account didn't turn anything up. So proud of their results that you can't go directly to myFX - just send you to their 'sign up for my spam' webpage. Always wary of that. :)
Tom'sEa WPFX LIVE In Trading Systems Jul 25 2013 at 14:52
Ahhh - well spotted - I hadn't noticed that. Must be time to invest in his next project I guess?
Tom'sEa WPFX LIVE In Trading Systems Jul 25 2013 at 02:08
[quote]craneliu posted: this account was dead finally................[/quote] As in your account.......
Tom'sEa WPFX LIVE In Trading Systems Jul 22 2013 at 14:07
[quote]ForexCuredotcom posted: The technique I use to filter out the smaller trade orders will have to remain as homework for yourselves, but it is not hard to figure out.... [/quote] Hi Drew Interesting information. I don't know how the programming works, but, if you don't take the 1X trades then I would have assumed that it won't take a 3X trade, ie; If you ran it with "Auto trading" turned off or required confirmation then only took a non-1X trade then would not the next instance it finds be a 1X as it doesn't have to try and compensate for the current loss as it never t......
Tom'sEa WPFX LIVE In Trading Systems Feb 27 2013 at 11:00
I kept following it until my u/n p/w stopped functioning just to see if the account would last. It had several pretty scary draw downs during that period. Strangely enough....when DP's next answer to Fx was released my old login died so maybe it was the support that stopped working rather than my p/w? Have you tried yours @flopps? If it still works I'd be interested to keep it going as by having the ea running forced me to watch the market more and look at what was happening. I'd mark my imressions on the chart (as to whether I thought it was a good bad time/direction to enter) when a ne......
Tom'sEa WPFX LIVE In Trading Systems May 31 2012 at 11:42
[quote] zyrt posted: Has your demo 2000USD reserverd for each RL1 pair? [/quote] More
Tom'sEa WPFX LIVE In Trading Systems May 31 2012 at 11:41
[quote] Anchorpoint posted: Don't talk psychology if you are not trading real money. Your pain threshold will be quite different with the real thing - walk the walk! [/quote] Tch tch tch - keep it civil I have walked the walk for almost 20 years - been through the good times, been through the bad times (Shares/CFD/FOREX) and I'm still in the market. My comment is in relation to this EA, which, I have run in demo mode for evaluation and waiting for it to prove itself, which it appears it will never do.....
Tom'sEa WPFX LIVE In Trading Systems May 31 2012 at 10:35
[quote] zyrt posted: Me, I didnt touch and so far everything OK. DD that I can handle. If you can't handle DD, then you sized your lots or risk level too high. In my case, I use 2000USD per pair, RL1. [/quote] But your DD that you can handle (no figure/% given) could be different to another person - its a psychological thing. My demo is RL1 - and the DD went from its 'normal' 25% up to 50% for the past couple of days. Even for someone with a high risk tolerance I would imagine that is unacceptable - especially considering its just the beginning!
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