Thanks for your response junegrey. Anyway I stopped working on automated trading now and I'm 100% manual trading. With some good indicators, some technical analysis and personal techniques I developed myself, I am much better than trading with the help of EAs.

I firmly think now that the successful trader should know its market well and trade accordingly.

Cheers and thanks again for your response.

The Ultra strategy uses forex Envy's version of gorilla tactics. We get into the market when it is sideways, and get out before major news moves the market outside of its range. This strategy should not be used with more than 15% of your trading capital in my opinion.

One thing I am concerned about regarding the Ultra project is someone placing a large percentage of their investment capital while running Ultra Mode and blowing their account. We are currently working out the settings and creating a special users manual for Ultra so this strategy can be utilized properly.

Regards,

Team Envy

Ultra Mode definitely has a 'wow' factor, but keep in mind it is a high risk strategy the MUST be used in conjunction with proper money management. Withdraws several times a week will probably be necessary when using Ultra Mode. We also do not recommend anyone use Ultra with more than 15% of their entire investment capital because this mode is so aggressive and caries such a high level of risk.

Ultra will be included in Forex Envy version 3.3 which will be released in November, 2012.

Regards,

Team Envy

I'm sorry to hear about your loss RHMJ. We have created a new PAMM with a zero performance fee to try and recoup some of the losses our PAMM members experienced. We started the account with $57,000 of our own money.

With Ultra we recommend using no more than 15% of your investment capital so no matter what happens in the market you will never lose more than 15% even if you do not have a chance to withdraw any profits.

Regards,

Robert

Yes ForexEnvy! $58,000 it the money that clients buy your EA. In PAMM account you now yield only 1% of why so few. Why do not you do not connect your Forex Envy v3.2 Ultra/Power? What are you afraid of? Are you worried that your money end in the channel. About Client money is not afraid of when you offer them your expensive EA? I think that dig your own grave.

Do not pay for such costly and risky and if you can get it for free through google. Remember the Forex Envy risk only cent accounts, but in fact, earn on the customers.

Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks

gordongeiko posted:
Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks

You can ask for support TradeFort. They will tell you the truth. Account is: 427151

Yes it's a Cents account. They only offer 1000:1 leverage to accounts less than $1000.00. He started out with $20.00 to demonstrate the low drawdown of the account and it makes the ROI look much more impressive to start out with then it tends to trickle down as the account grows unless he's changed the money management..

gordongeiko posted:
Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks

That is correct. All of our demonstration accounts are cent or micro accounts based on a contract size of 1000 units per lot.

Most EAs only show performance with backtesting which can be easily exploited. Fewer use Forward demo (fake money) tests.

We choose to use REAL MONEY for our Forward tests. The reason we use cent accounts vs standard accounts is simple. WE NEVER MAKE WITHDRAWS FROM OUR DEMO ACCOUNTS. WE LET THEM GROW AND LEAVE THEM ALONE, so the money we place in them is throw away money. We will never see our initial deposit again. So why spend $100,000 on standard accounts for all of our tests when cent accounts will do the job with $1,000?

If someone is using a standard ecn account they will have BETTER performance and less Drawdown from the tighter spreads than our cent accounts. If this account was started with Synergy fx as a standard account with $2,000 and 500:1 leverage the account would be at $40,600 or higher. That is a fact.

Our PAMM is using low risk settings and has NO PERFORMANCE FEE, SO WHY GIVE US A HARD TIME OVER IT? It is free to all and I don't see how anyone can fault us for offering a free PAMM started with our own money.

Robert


Jarora posted:
Yes ForexEnvy! $58,000 it the money that clients buy your EA. In PAMM account you now yield only 1% of why so few. Why do not you do not connect your Forex Envy v3.2 Ultra/Power? What are you afraid of? Are you worried that your money end in the channel. About Client money is not afraid of when you offer them your expensive EA? I think that dig your own grave.

Do not pay for such costly and risky and if you can get it for free through google. Remember the Forex Envy risk only cent accounts, but in fact, earn on the customers.

Gordongeiko: We recommend everyone who is starting with Ultra Mode run it with a cent account first to get use to how Ultra trades. You can start a cent account with $20-$1,200 and make the same return.

I am sure in time members will begin to trade Ultra with standard accounts once they feel comfortable running Ultra Mode. No one should use this strategy with all of their investment capital for obvious reasons. We recommend using 3-15% of your investment capital with Ultra Mode.

Yaronrosin: Version 3.3 (with Ultra Mode) will be released this month and it will be free to all new and existing Forex Envy members.

Regards,

Robert

I don't know why I come to their defense. Keeping more people out is probably better for me. The point you all miss is that there are a variety of ways to run FE. There is constant clamoring for greater returns, and with greater returns there are greater risks. The Power/ ULTRA is a prime example of one way to run envy at extremely high reward and higher risk. Frankly the ignorance sometimes amazes me. All the ignorant do is to look at the far right edge to see that it blew out. “WOW, good thing I didn’t buy that!”. Now back up the chart to November 9th. The system did almost 2,000% in under 1 month!! If you would have practiced the money management that FE also preaches, and transferred your profits out DAILY, look at the money you would have had when the account blew out! You’d have had tons of profits AND the seed money to restart the account. If you trade any forex system by letting all profits ride, you and all your money will soon part company. Could the account have blown out the first day, or week? Absolutely. Welcome to Forex.

I am, and have been running the plane Jane Envy 2.4, long cycles only. My set files are configured for 200:1 leverage while I actually have 300:1 on the account. This gives me less overall gains, but more breathing room in those occasional trying times. I’ve done over 100% in 6 months.

https://www.myfxbook.com/members/Michigander/forex-envy/304859

Working out bugs, gave back 3% profit on first day. Went chicken out on three positions and freeze after take profit on the other two. I think Ultra is not sizing initial lots correctly, or I am supposed to set them manually and don't know it. On 3,300, system is taking .02 initial lots and I am getting warnings that the initial lot size is too big for my account. I will clear this up and restart.

Our original Forex Hacked Pro account was crashed, because of this screen below. This was Forexhacked.com's account but we also had our account on the ThinkForex broker where this glitch happened:

().

As for it being renamed, our table sorting script that manages and pulls data straight from our Myfxbook account and sorts it onto our table competition page (http://www.forexfbi.com/competition/

Yeti71 posted:
Looks like a very good first week.

I will be giving Ultra a go early January after I have a holiday.

Thanks for sharing. This is good to watch.

Yes, it has been. You know how that one aw shit wipes out all the atta boys though!

I am running 6 live accounts and 5 demo accounts, but this one is always up on my 4th monitor during the day. I really want to hawk this one as best I can so I can learn how it breathes. I was going to not trade through the holidays, but I think I am going to. There will be periods of stressed margin, and Id rather learn to manage that through a slow motion train wreck of holiday volume than the full volume onslaughts later. I do have other accounts with Traders Way (one of the few 500:1 margin brokers that takes US clients) and transfers are almost instantly executed. If I stress this thing, I can drop another grand in (approx 30% of the account value pretty quickly to stave off a margin call. Assuming the account recovers, I'll drop that back out afterwards.

I hope you will share yours when you start. My sense is, that starting at different times will yield different results and that the systems may even stress at different times, since the grids develop the moment you start the system up.

Good trading...

Financialarts posted:
If Forex envy gets accounts blown, why do people still use/buy/rent it?
and why don't they look for a solution that is more safe,
why isn't there a way to activate a cut losses before DD gets bigger feature? or something to manage the DD
Is this a cent accoount?
 anyway, good luck going forward with forex envy

No Financialarts, this was not a cent account. It was a dollar account.

There is no one solution. I am trading 6 different systems across three different brokers. In totality, I am doing quite well. My primary Envy system has been running since June with no problems. Profits are transferred out weekly and I am coming close to having my initial seed money back out of it.

Most people don't understand what Ultra is. It is not meant to be safe. It is unsafe, and wildly profitable. Envy has twice blown out an Ultra account. the first one made them 2,000% in two months before it blew, the second one made 150% before it blew. It just so happened I made 30% before it blew. That's the risk you take. Why do people buy lottery tickets? Why do people gamble? Ultra is trader gambling, nothing more. For the sake of discussion, lets say you were willing to gamble with 3,000 dollars. If I said to you, that once a day, you can put 3,000 in a machine that has a 60:1 win ratio over the long term. If you win, you get 300 dollars every day. When the one loss comes up you lose your 3 grand. Keep in mind the 60:1 is the long term ratio. You could have 3 losers the first month and then a string of winners for 6 months. Would you play? if the answer is no, then you shouldn't trade with Ultra. Simple as that. It is a high risk high reward system. Everyone knows the rules of the game going in, yet deep down, they hope they can beat the grim reaper of the game. Then when it happens, everyone is sad, angry, and accusatory of the developers. This system is literally for play money. While you shouldn't trade anything you cant afford to lose in Forex, that really applies here because you will lose it and quite often in the grand scheme of things.

Tony;

No shit. What a day.

I’m about 70 bucks shy of my original investment in just two days.

Having said that, now let’s curb the excitement a little. It’s going to take some time to validate this overall. If you recall, my first attempt netted 800 bucks in profit and a subsequent 4,500 loss. I started with 3 grand and dropped another 1,500 in to keep it from blowing and it blew out anyway. I know Envy made like 2,000% on their first pass and 150% on their second before they each blew out. I would like to make the other 3,700 back before this one blows, but we shall see.

I wanted to turn off the custom date and let it publish results back to December when the first attempt blew out, but it doesn’t seem to report correctly for some reason. Running the full time period, the closed profit line just stays pegged down at -99% even though it should have upturned nicely over the last couple days. I wanted to be completely honest about the long term gains and losses, but I don’t know if I will be able to.

Envy quit making their Ultra accounts public. I think this makes good sense from a political standpoint. Every time an account blows, you get these “young skulls full of mush” traders who do nothing more than point to the hard right edge of the chart and proclaim…SEE, SEE, IT BLEW OUT AGAIN!!!...Never mind that they would have made great returns by taking their profits out daily.

This system is definitely big dog territory. You either run fearlessly with the big dogs or you stay on the porch. This has to be money that you are comfortable in losing because you may lose several times before you hit that streak that makes it all back.

For my own historical records, this account traded Kangaroo through 11/9, using both pair. EURUSD runs clobbered it twice. I began trading Forex Hacked (educated) on 11/9 with Kangaroo but only using its AUDUSD. My risk setting on Hacked was too high. I think I now know the right risk level for hacked educated for a lower risk account setting but I'm not going to be able to do much with a couple grand, so I am going to try and build the account back to the 10,000 starting level using Forex Envy Ultra. I know its a bit of a gamble, but...

I am going to run this at a risk of .05. Ultra at risk 1.0 is very profitable, if your timing is right, but given that the timing is only known after the fact, I will run at .5 to try and build the account back reasonably quickly. I am setting a custom start date and will not be withdrawing profits so this will be an all or nothing run. Once (if?) I grow it back to 10,000, we may do something else with the account.

Yes, for sure. I do not trade EURJPY or USDJPY at all for example, that's a manual intervention. Other than that, if you look at the chart back in the summer (August) there is a huge dip. A lot of people lost their accounts there.

My manual intervention I do whenever there is ever a level 12+ basket is simply FATP or Chicken Out **all** other pairs immediately and ride it out. I trade at 0.67 risk so that extra margin plus closing out all other pairs is all I did to save my account. I check my account once per day to get a read on the levels, but I only have to actually intervene maybe 3-4 times a year.

That's for Power Long mode ( I assume that's what you are asking about).

If you are asking about Ultra mode I just switched to, there is a LOT more monitoring manual intervention. For example there is CAD news this week so I just turned USD/CAD off after Monday. I probably won't turn it back on again until next week since Fridays are not traded with Shorts anyway. If you don't then I would say prepare for a margin call. Ultra mode seems to margin call about once a month or so.

Surrealistik;

You are 100% correct. My strategy with martingales is to transfer every dollar of closed profits out weekly. I am coming very close to having 100% profits withdrawn on my Forex envy account. I still have a ways to go on the Forex Hacked account.

A prime example of this being a required technique is Forex Envy's ULTRA strategy. I started it up a week ago Sunday with 3,000 dollars, the account blew out the following Thursday, but I managed to withdraw 6,900 in profits before it blew. Not a bad return for 4 days even with it blowing out.