SharePosts by geektrader
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Any EA will look perfect on FXOpen Demo and fail in live trading. See why here:
http://www.donnaforex.com/forum/index.php?topic=7577.msg225262#msg225262
http://www.donnaforex.com/forum/index.php?topic=7577.msg227826#msg227826
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[quote]workonline2013 posted:
14.5% profit for almost one year, with almost 7% DD would not lookg bad..even if it's not much, but when you take in consideration that there was 477 trades so far, and if you take in calculation commision you will pay for thos e trades, it's almost back to square one..or..else said, too much noise for nothing. not to mention the cost for this ea per annum....! sorry fmorena, maybe i look to aggresive to you, but i thought you really have few good EA on hand..but overall you can not show anything. too bad![/quote]
So where is your system that makes better profits......
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Btw, it doesn´t look like you have the MaxDailyLoss and AllPairs filter enabled, right? Since your drawdown is over 12% on one day and still the EA continues trading later on that day. With those filters enabled the loss should have been smaller and no more trading should have happened on that day. It would be really cool if you could post the exact settings from one EA instance (since it is the same on the other pairs except Conservative / Aggressive variable of course).
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Thanks Adam, really, this is interesting though, since I found the MaxDailyLoss to give a lot more trades in my tick-data (collected from Armada) when I use 2% MaxDailyLoss and 0.5% RiskPerTrade. The drawdown does not increase compared to 1% MaxDailyLoss and 0.5% RiskPerTrade, but the Net Profit does double with that!
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So how to get our accounts managed by you?
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Hi Bozza,
can you comment about your setup please?
Which risk are you using per trade?
Do you use the overall drawdown protection for all pairs of 2% per day after which the EA gets shutdown for 24 hours?
Do you run aggressive and conservative or just one of them?
Do you run the EA for all pairs in 1 MT4 instance or using a different MT4 instance for each pair separately?
Maybe you could post a .set file of your settings, that would be great.
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One of the worst market makers out there, alone from the spreads, which are 5 pips on EURUSD as an example you can see that. There is no reason to go with a market maker that is trading against you and charges a 5 pip spread on top for EURUSD which is almost criminal in times where EURUSD has spread of 0.X pips on most brokers and you can get ECN without the broker trading against you. Go somewhere else, there are enough alternatives nowadays, no reason to let you rip off by markets.com
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Yes, I thought so already. Well, what can you say, a unregulated broker, they don´t have to fear anything by doing this. But actually I forgot to tell you to turn on stealth mode to identify this since they don´t know your SL / TP this way, and see, they are CHEATING. Stay away from FXOpen
Anyhow, my recommendation is to go with Pepperstone Razor account, they have even better spreads than FXOpen in the Asia session and they don´t have cheated me for a single pip in 2 years (ECN and they truly are).
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Yes, well, the developer cannnot do much about it. If the broker sends you wrong prices to hit your TP, then the EA behaves just like those prices would have really existed and generates heaps of profits:) Problem just is, those prices never occurred live;) Didn´t think FXOpen would manipulate that offensive though!
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Hi,
I am wondering what is going on here, those results are totally incorrect, for example take the USDCAD trade that closed at 18. July 23:51 at 1.01133. This price has NEVER existed on any broker, not even on the FXOpen Demo account this price has been there at this time. And it goes several times like this on your Demo account, just look at those trades, they close with +16 pips and such, but the prices that they close at have never existed at any broker. Just see for your other trades, it´s the same there.
I am really unsure what FXOpen is doing there, but to me it looks like they ......
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