Not one system or EA here is worth putting real money into
Členom od May 16, 2012
53 príspevkov
Aug 09, 2013 at 16:12
I hope you get out before it goes negative on you.
Only take what the market will let you have, and Never accept a loss!
Členom od Aug 07, 2013
23 príspevkov
Aug 09, 2013 at 16:14
Hey Scott,
Get out of what?
Get out of what?
Členom od May 16, 2012
53 príspevkov
Aug 09, 2013 at 16:17
Sorry, did not see the last part of your comment.
Only take what the market will let you have, and Never accept a loss!
Členom od May 16, 2012
53 príspevkov
Aug 09, 2013 at 16:21
I like your calculation, steps one, two , but I choose not to put stops in and let the trade run the course, not matter how large of DD it has. History has proven for me that the trade will come back usually sooner than you think, and make a profit, rather than a loss!
Only take what the market will let you have, and Never accept a loss!
Členom od May 16, 2012
53 príspevkov
Aug 09, 2013 at 16:24
I just looked, I have 129 open trades on my account now. On average, I close around 60 trades a day and open about the same amount, so with not closing any trades I have growth in my balance everyday, week, and month!
Only take what the market will let you have, and Never accept a loss!
forex_trader_100532
Členom od Nov 24, 2012
38 príspevkov
Aug 09, 2013 at 16:51
Its nice to see someone not use SL but still survive... I do that years ago and margin call... The thing about not using SL that entry is more important than exit...
I believe exit is much more important than entry and that's why using TP AND SL is must for me... I like to see how long will someone survive without using stop... will follow ya...
I believe exit is much more important than entry and that's why using TP AND SL is must for me... I like to see how long will someone survive without using stop... will follow ya...
Členom od May 16, 2012
53 príspevkov
Aug 09, 2013 at 17:47
Thanks, I will definitely keep doing what I have always done, but some on Myfxbook, strongly think I am stupid. By the way, I am up 187 pips for the day, making 799.80, and my weekend in trading is almost here, though I will keep trading until the market closes!
Only take what the market will let you have, and Never accept a loss!
Členom od Aug 07, 2013
23 príspevkov
Aug 10, 2013 at 03:15
If anyone able to code EAs here is interested in working with me to develop systems based on sound trading principles, please send me a private mail.
forex_trader_91886
Členom od Sep 18, 2012
150 príspevkov
Sep 15, 2013 at 22:44
I am taking this system live this week......Feel free to speculate
https://www.myfxbook.com/members/iceberg12/iceberg-demonstration-account/689695
https://www.myfxbook.com/members/iceberg12/iceberg-demonstration-account/689695
forex_trader_110955
Členom od Feb 06, 2013
61 príspevkov
Sep 17, 2013 at 06:58
Trading is not about what you made the last day or week... its about you made in the last one or two years... everything else worth nothing
Členom od Sep 17, 2013
9 príspevkov
Sep 17, 2013 at 14:00
conorp posted:
My title says it all.
The vast majority of systems and EAs on this site are rubbish. There may be some good ones that I havnt found, but Im not going to spend any more time trying to find them.
In general, the results are of most systems here are driven by one or more of the following:
1. Backtested on demos only (anyone can generate great results with backtests)
2. Manipulated (i.e. adding and subtracting deposits from the account or hiding trades. I noticed discrepancies in many of the figures)
3. Manipulated to gain high win/loss % by using horrendous drawdown exposure and/or by averaging down. Total system failure awaits those that practice this. Its not a matter of if, but when.
4. Or just plainly falsifying trades
5. Using scalping backtests to make small pip gains on large #s of trades that do not take into account slippage and fees (and/or by manipulating/shaving points from the spread).
In short, this site is a total waste of my time. I cant even search by specific criteria such as a combination of the following:
drawdown, profitability, average $ win to average $ loss and win/loss %
What a waste of my time.
that is why I dislike EA's
Členom od Jan 27, 2011
11 príspevkov
Sep 18, 2013 at 13:31
80% of all forex trading are made by robots. No, among the retail traders you won't find as many EA owners, but when it comes to the banks or other financial institutions it is all about automated trading. People only controls the process. So yes, there are EA that worth investing.
Členom od Jun 03, 2010
696 príspevkov
Sep 18, 2013 at 13:42
Anking69 posted:conorp posted:
My title says it all.
The vast majority of systems and EAs on this site are rubbish. There may be some good ones that I havnt found, but Im not going to spend any more time trying to find them.
In general, the results are of most systems here are driven by one or more of the following:
1. Backtested on demos only (anyone can generate great results with backtests)
2. Manipulated (i.e. adding and subtracting deposits from the account or hiding trades. I noticed discrepancies in many of the figures)
3. Manipulated to gain high win/loss % by using horrendous drawdown exposure and/or by averaging down. Total system failure awaits those that practice this. Its not a matter of if, but when.
4. Or just plainly falsifying trades
5. Using scalping backtests to make small pip gains on large #s of trades that do not take into account slippage and fees (and/or by manipulating/shaving points from the spread).
In short, this site is a total waste of my time. I cant even search by specific criteria such as a combination of the following:
drawdown, profitability, average $ win to average $ loss and win/loss %
What a waste of my time.
that is why I dislike EA's
What will You say then, when my Robots are backtested with 99.9% modelling quality on tickdata that takes more than 3GB of data? Of course backtested on real account with real tick data. Beside that, I'm forward testing most of my strategies.
PAMM MANAGER // Professional Fund Manager
Členom od Dec 04, 2009
54 príspevkov
Sep 19, 2013 at 07:57
Dear Trader,
This link should get great result and I had a problem with my own expert and I fixed it and it works as I need .. But still have no money to start with real account .. So if any one look for a super expert can share it with me to start a real account with minimum 10K and I'll mange it for 30% from the profit..
https://www.myfxbook.com/members/golden4x/golden4x-super-robot/603999
This link should get great result and I had a problem with my own expert and I fixed it and it works as I need .. But still have no money to start with real account .. So if any one look for a super expert can share it with me to start a real account with minimum 10K and I'll mange it for 30% from the profit..
https://www.myfxbook.com/members/golden4x/golden4x-super-robot/603999
Osama Hussein
forex_trader_91886
Členom od Sep 18, 2012
150 príspevkov
Sep 20, 2013 at 00:10
(upravené Sep 20, 2013 at 00:13)
i believe there are good managers out there...............just hard to find the good ones. The hedge funds and banks will most probably scope them up once they see the potential or busy trading for private clients. If i was trading multi million dollar accounts for clients I don't think I would really have time to be that active on forums, etc. But the online forums are good to start off, learn from others, share ideas and make some contacts & potential clients as well....
Členom od Apr 03, 2011
21 príspevkov
Sep 20, 2013 at 14:26
Hi All Traders there,
After long gap I started trading again using a new strategy. You can check my live and demo account statements. Just check this one and see if you see any interest. But small investment is not possible for my managed account.
https://www.myfxbook.com/members/ar1002/live-account-2/695436
https://www.myfxbook.com/members/ar1002/live-account-3/695484
https://www.myfxbook.com/members/ar1002/demo-acco0unt-1/697816
ar1002
After long gap I started trading again using a new strategy. You can check my live and demo account statements. Just check this one and see if you see any interest. But small investment is not possible for my managed account.
https://www.myfxbook.com/members/ar1002/live-account-2/695436
https://www.myfxbook.com/members/ar1002/live-account-3/695484
https://www.myfxbook.com/members/ar1002/demo-acco0unt-1/697816
ar1002
SAFETY OF THE CLIENT'S FUND FIRST
Členom od Sep 24, 2013
38 príspevkov
Oct 02, 2013 at 07:46
Based on my experience, most of the ea work at some specific conditions they were created for. They can provide you with some income at the beginning. The thing is how much yoor income/invest ratio. Some of the EA are worth using them for some time.
Členom od Jun 09, 2011
186 príspevkov
Oct 02, 2013 at 13:57
the best EAs usually aren't for sale man, nor are they even listed.
http://www.freeforexrebates .info
Členom od Apr 03, 2011
21 príspevkov
Oct 02, 2013 at 17:09
tigpips posted:
the best EAs usually aren't for sale man, nor are they even listed.
Yes you are correct. I have tried 100s of EAs and Strategies. Later I realized that all those available in the market is either outdated and failed to give result. The best running EAs are not available for sale.
https://www.myfxbook.com/members/ar1002/live-account-1/695436
SAFETY OF THE CLIENT'S FUND FIRST
Členom od May 04, 2011
18 príspevkov
Oct 03, 2013 at 06:35
ar1002 posted:tigpips posted:
the best EAs usually aren't for sale man, nor are they even listed.
Yes you are correct. I have tried 100s of EAs and Strategies. Later I realized that all those available in the market is either outdated and failed to give result. The best running EAs are not available for sale.
https://www.myfxbook.com/members/ar1002/live-account-1/695436
You are so right , they are not for sale or they charge for the licence with lot of conditions, I found one on the blog, just like that which trades grid , but most of the time the equity is higher then the balance , they explained it that initially you will have some drawdown, but the longer the EA works the greater the equity it builds , it is crazy, check it out , and they have live accounts here, it comes only with their preferred broker that's it , here is the link to the blog,
https://forexsecretweapon.blogspot.com.au/
