SharePosts by JohnyJohnson
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Borys,
Your EA has amply demonstrated the difference between risk and probability. It certainly risks 100% but has a very uncertain probability of making profit. Furthermore, having now lost around 70% of initial deposit in a matter of days (which some of us saw as inevitable sooner or later), it will now take years to recover the losses, even assuming there are no more account crashes.
It is no good making excuses and tinkering. The strategy relies very heavily on adding risk as losses increase, a notoriously stupid way of gambling, let alone trading. I suggest you take this very inadeq......
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[quote]
Anchorpoint posted:
KABOOOM!
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Your thoughts Borys, please?
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This EA is now dead in the water. Anyone still trading it would be a total fool to continue. I refer anyone still reading this blog to posts by others who gave due warning, specifically SandyW who went to great lengths to explain and got blocked for his trouble by Borys who was unable to counter the points he made. And I myself too gave due warning.
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Is there anyone who bought this system actually trading with it?
If so could you let us know:
a. What you now think about your decision to buy, and was the marketing misleading
b. What results you have had so far
c. The adequacy of the User Guide
d. Your results so far
e. Real or Demo
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Anchorpoint,
You are of course right, in a martingale or variation thereof stop losses are purely notional, they don't really exist. An earlier poster on here said he had done his analysis and this EA was alright as far as he was concerned. I am afraid he showed his naivety, lack of experience with martingale and his general ignorance! (Sorry, just please wake up.) Trading strategies such is this do not submit to conventional analysis. They can pay off in the short term as we are seeing, but in the end................ As you say a draw down will end without disaster as long as you are lu......
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Time to start hiding the draw downs again, Borys!
You can't fool all the people all the time, but it's worth trying.
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[quote]
PaulCantor posted:
This is the first time I'm very impressed by an EA... less than 10 percent draw down only...PF of 2++ and the average proft trade is always significantly higher than the average loss trade. That in my opinion is especially important because it's like a safety zone. I would never trade with an EA where the average loss is higher than the average profit.
There are so many parameters... I have got no clue yet what they do... I just used the preset and it works fine. I don't really like curve fitting as the conditions always change...and curve fitted Ea's are no g......
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[quote]
RickD posted:
Hello,
I'm the developer of WW EA, so all the customers or members can ask me any technical questions.
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You asked for questions, so my questions are:
Why have you departed so far from the well proven Wolfe Wave method?
Have you actually studied the authentic WW, or have you simply picked up ideas about it?
Are you a successful trader yourself or just a clever programmer?
Are you licensed by Bill Wolfe? I noticed that Borys has objected to one of the contributors drawing attention to Bill Wolfe's website! That appears to be telling us something?
I ......
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