Posts by willgart
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[quote]BluePanther posted: So what went wrong? For all of July and August the equity and growth were consistent and growing stably, and now in September and October the graphs are haywire...? FX Bringer (or anyone else): Please explain.[/quote] simple... its an automated EA optimized for the past which is different from the future... so the EA expect to see some specific movements which don't occurred in the past month.
[quote]khuty posted: Why a new account? What happened to the other?[/quote] IBFX stop supporting MT4 but we also think the account got a margin call (never confirmed)
[quote]jeo86 posted: Alex I have lost more than 70% from my account using the BM in less than one month and also your live account is crashed so why you told us you have to wait for the new account, Are you surprising us.... this is the bad thing at all because i lost the money that i cannot afford to loss it.. finally this EA is the worst one i have seen in my whole life [/quote] Sorry to read this... but if you lost money you were not ready to lost... then don't trade with this money. (first rule in forex) second point, from the beginning I say this EA is risky its a grid be ready to lost y......
the forexpeacearmy site indicates a big -114% profit in the home page (summary page) but not the detailed page. does the account was killed? or does the account survives?
well... disappointing... on a side the vendor recognize the risk on the over side he is not fully transparent... the switch for the account should be transparent and should takes no time... (and no its not because of a MC, but because the broker stop its service and the account is switch to another broker) not sure the conclusion we have to understand here...
when we'll you see some updates on the account? an hourly update is a minimum...
here the formulas used by MT4 for the back test results... http://articles.mql4.com/127 as you can see nowhere the floating DD is used! only the balance is used calculated against closed trades only. so you can have a move of 1 000pips against you, the trade is closed at +10pips... no DD, you are positive. conclusion... set the risk to the minimum possible and target a small 5% per month. wait and see how the DD is using the hourly DD calculated by fxblue (instead of myfxbook).
[quote]sirius1fx posted: the account crashed and he is starting a new one, its quite obvious!!![/quote] its a grid... like a martingale its designed to crash sooner or later. we'll wait for the update of the account Monday. by the way the vendor should update it more frequently, else its useless. there is no back test published with EURGBP, so we don't know how the EA handle this currency. finally... remember that the DD calculated by MT4 in back tests does it counts only when there is a trade closed. it doesn't count floating DD. you can check the forexpeacearmy published account... its wh......
[quote]NikX posted: I highly encourage everyone that purchased this ea to email Avangate and request a refund on the grounds that the EA was miss represented[/quote] why? what was said that is not true requiring this type of action ?
come on guys... its not a huge DD, its normal for this EA. did you check the back tests prior crying???? except of a DD of 40%+ with only 1 currency. even if the vendor said its not a martingale, its a grid system. which is near the same results= high risk system with high return too :)
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