SharePosts by VipFX
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I also stoped this EA because of continuous losses today on October 4th. The performance looked impressive before I bought in June, but since then closed every month with a loss. The results on my live account matched most trades here, but some closed on the live account with a loss, compared to the Demo account shown here. On live accounts spreads are higher and therfore on a few trades the TP was not reached. There is no profit protection build into, so the trades were stoped out.
It was wasted time and money to buy Infra Pips.
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Hello
Thank you for following my FxOPEN PAMM account. It was also first time for me to use the PAMM System and had to learn how they compute results. FxOpen calculates performance based on the EQUITY I found out, and therfore is impacted by new deposits and withdrawals. In myfxbook they calculate real profits, based on closed trades and balance.
On this PAMM account I trade curently 3 Strategies and one of them is in a drawdown ( CADJPY - Long term startegy). The other 2 Strategies are short term nature and generate steady profits. When CADJPY shows again volaitilty, I can close the positions.......
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Strategy Changes:
As mentioned before, I used also Trade Signals from the public available LEO TRADER system. I will now stop to use this System ! It operates with a 300 pip Stop Loss on EURUSD and GBPUSD. Recently Leo Trader did hit the Stop Loss Point with above average sequence, resulting in the loss of all profits I gained from the past 6 month, from this system. Given this high risk, I will not longer use LEO TRADER Signals. Some open positions (In Loss) will be closed in the coming days.
The core system (ARES) should help to recover the losses in short time.
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Due to interest from traders and there recommendation, I have opened a PAMM account at FxOpen called "westlake(CHRONOS)". The broker allows only 1:100 leverage so I have to use conservative paramaters on the ARES system I trade here. In the first week it made 15% profit. Investors can join with a minimum of $ 300. Here the link: http://www.fxopen.com/Pamm/Account.aspx?Id=10b65966-dd67-4da0-86e5-425315313cca
For individual investors I may also offer account managment together with my Partner. But to provide sufficient capital protection and flexibility, trading the ARES System(s) , t......
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4 or 5 digits broker are not a problem.
FxOpen has sometimes large spreads and therfore block the profit taking by the system. Also they do not allow trailing stops which are nearby, and nearby TP. But I do not worry about it as long there are other brokers with trader friendly enviroments. I may close the account soon and start a more conservative setup in a PAMM account at FxOpen.
Thanks for your offer to find the problem.
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Hello
I found 2 reasons.
1. The Ares Logic usally closes some (not all) positions even short before the reach there target point (Secure profits). But this function is not working with FxOpen and therfore can keep positions open extra long (until targhet is reached). But I will find a solution with other parameters. It will take some time.
2. This was my mistake by using a too large Lot size, 2 pairs simultan, based on Account balance. In future I need to reduce lot size and use more conservative paramaters to reduce drawdown.
The system in general is very flexible to handle different cond......
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I run this account from my Computer and regular Internet conection from Europe. I use the Alpari-Micro3 - Alpari NZ Limited Server. The account makes many trades and do not remember any Server or connection problems, also no requotes. I also trated an other account at Alpari NZ, Classic account with scalper and worked well.
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Hello. I trade now for many month with Alpari NZ and had no problems. But if there are concernes, I did achieve about equal results with Alpari UK.
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On this account I use 2 EA's. One is called Leo Trader and available for everyone. It workes well, but had before some losses and now only trade 0,1 Lot on GBPUSD and EURUSD. http://www.leotraderpro.com/account/1331/statement.htm
The other EA is calles Ares and makes the most profits. I did buy the base code,improved it over time to allow risk control. Ares is to handle carefully because of martingale structure. I added Parameter to limit the number of levels and finetuned to certain pairs. At large market moves, I manually adjust some parameters, or take profit early. Especially at smal acco......
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I also lost 40% with AlonFX management and have stoped trading my FXCMS account yesterday. I started in November, but the account never showed any profit. After 3 loosing month in row, it is better now to trade myself. The System looked promising in the beginning and may ben in the future they can make it work again. Good luck.
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