SharePosts by dostapyuk
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FXAutomater had made more than enough money of of selling this EA and is at vacation. I doubt he uses this EA on his REAL live account (not the 3k balance one). He is a tricky man. I had a big string of losses and he didn't
I asked him why, and he said his quote "Internet went off" unquote. Can I get an amen?
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Hi Mike,
If I use 0.01 or 0.02 lots, then I will be making only $2.00 a day. I've been trading forex for 6 years, and I want money pretty fast, as you know. Thanks for your tips. I didn't think it was necessary to test forex combo system because he proved it with forward tests and back tests. I should have built it up, like you said you've seen people do. Mike... Would you suggest an EA for me?
Thanks,
Dan.
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I'm not sure if the link will work, as I am new to myfxbook, but here is the link to my live account:
https://www.myfxbook.com/portfolio/dan-ostapyuk/55200
I exited the last trade manually because my balance was low enough, and I didn't want to lose ALL my hard earned money at one time by this EA.
I know it's my fault that I set the lotsize too high, but hell, if I set it at 5% risk, I will be making $0.05 per pip with a $800 account and knowing that the DD can go to -700 pips.
(800*0.05)/700
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Setting the s/l for the scalping strategy is not the way to go. I did a 5 year backtest with 90% modeling quality with default settings and with s/l at 30 (scalping).
The default made 17,938 pips profit with 775 pip drawdown.
With the 30 s/l (scalping), profit is 15,228 pips with 793 drawdown.
[quote]wealthsecrets posted:
Hello,
Just curious, where do you see -402 pips and -660 pips in DD respectively? Thanks.
By the way Dan, you mentioned, "the trade at 03:45 was not executed on you demo too."
Are you talking about the following Forex Combo Demo 1 and De......
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Yes I am. I was not aware of 660 pips. I thought that it was around 300 after looking at your whole demo forward test. If I knew this before, I would have set my risk to be able to handle 700 pips.
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Please explain to the public that your pamm account should have shown -402 pips DD. Please do not hide it. What you're saying is that your platform "crashed" when the biggest loss ever happened. The trade at 03:45 was not executed on you demo too. Please let me know if my -402 pip DD is okay and that nothing is wrong.
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Hi Dennis518. Thank you so much for pointing that out!
Total: -241 pip drawdown.
That's very weird how he didn't have a trade on the pamm account.
Now I'm starting to suspect wrong things.
FxAutomater, please explain.
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Okay, thanks for the explanation!
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Hi FXautomater,
As you can see, in your live account, you have had -110 pips maximum loss in your current OPEN trade. This morning it was -49 in closed trades. So that means you must have to be able to risk 159 pips for today's condition (so far).
I don't understand why you allow a trade to go against you so much.
Thanks.
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