Channel Trader PRO Diskusia

Doug price? channel trader pro website is?😲

don't konw why some orders open and close in 0s?

I don't understand on the drawdown tab there is drawdown as high as 123% (May 2014), and negative equity? How is this possible on a real $ account (or even a demo account for that matter)?

goode posted:
don't konw why some orders open and close in 0s?

Momentum?

aeronthomas posted:
I don't understand on the drawdown tab there is drawdown as high as 123% (May 2014), and negative equity? How is this possible on a real $ account (or even a demo account for that matter)?

Leverage?

I just got my first winning trade with this new EA. Fantastic! AUDCAD sell which I just closed out early rather than wait for it to close in the master account because I setup the wrong lot sizes as I didn't read the instructions properly so I was getting nervous as it was quite big lots being used. 0.50x of Dougs lot size on my small balance. There were not many scary moments!

I could see a hammer form on the H1 so I agreed with the entry. It was a good setup, then I saw my MA2 indicator cross earlier and that further confirmed the entry so I let it run.

It really is still early days for now but we're off to a good start. I hope when any other purchasers come along, we can discuss on here.

Disclaimer - I am not connected with Doug Price in any way. I talk with him from time to time to talk about the EAs and the market generally but other than that, I don't know him. I don't even know his real name! So basically, I am trying to say that this is really a completely independent posting of mine not to upsell because the EA clearly doesn't need upselling!

Let me know if I can help with something.

fxtrader10 posted:
I just got my first winning trade with this new EA. Fantastic! AUDCAD sell which I just closed out early rather than wait for it to close in the master account because I setup the wrong lot sizes as I didn't read the instructions properly so I was getting nervous as it was quite big lots being used. 0.50x of Dougs lot size on my small balance. There were not many scary moments!

I could see a hammer form on the H1 so I agreed with the entry. It was a good setup, then I saw my MA2 indicator cross earlier and that further confirmed the entry so I let it run.

It really is still early days for now but we're off to a good start. I hope when any other purchasers come along, we can discuss on here.

Disclaimer - I am not connected with Doug Price in any way. I talk with him from time to time to talk about the EAs and the market generally but other than that, I don't know him. I don't even know his real name! So basically, I am trying to say that this is really a completely independent posting of mine not to upsell because the EA clearly doesn't need upselling!

Let me know if I can help with something.

Thanks for the post fxtrader10...

Do you know what the strategy is behind the EA? What type of Channel?

PS. I have RTP and VTP Copier. Stopped using RTP for now, but VTP Copier is doing really well.

Website : www.channeltraderpro.com/indexPP.html

gwindy posted:

fxtrader10 posted:
I just got my first winning trade with this new EA. Fantastic! AUDCAD sell which I just closed out early rather than wait for it to close in the master account because I setup the wrong lot sizes as I didn't read the instructions properly so I was getting nervous as it was quite big lots being used. 0.50x of Dougs lot size on my small balance. There were not many scary moments!

I could see a hammer form on the H1 so I agreed with the entry. It was a good setup, then I saw my MA2 indicator cross earlier and that further confirmed the entry so I let it run.

It really is still early days for now but we're off to a good start. I hope when any other purchasers come along, we can discuss on here.

Disclaimer - I am not connected with Doug Price in any way. I talk with him from time to time to talk about the EAs and the market generally but other than that, I don't know him. I don't even know his real name! So basically, I am trying to say that this is really a completely independent posting of mine not to upsell because the EA clearly doesn't need upselling!

Let me know if I can help with something.

Thanks for the post fxtrader10...

Do you know what the strategy is behind the EA? What type of Channel?

PS. I have RTP and VTP Copier. Stopped using RTP for now, but VTP Copier is doing really well.

Hi Gwindy, he mentioned it was an M1 breakout. Not sure exactly but I could clearly see a hammer signalling a reversal on AUDCAD so I agreed with the entry. Wish I had left it open now for a few more pips.

Pivot Trader Pro has been making me gains also, just I'm stuck in 10% DD at the moment which isn't bad but all of my entries have thus far closed with profit on PTP.

fxtrader10 posted:

aeronthomas posted:
I don't understand on the drawdown tab there is drawdown as high as 123% (May 2014), and negative equity? How is this possible on a real $ account (or even a demo account for that matter)?

Leverage?

I am a doughball. Anyway - I think the problem is myfxbook and the way they calculate drawdown. The drawdown has never been more than 100% because it says on the main summary 24%. I am not sure.

Anyway - I trust this guy, sorry but I do. ALL of my trades have been matching his on VTP and PTP since starting with the trade copier. RTP I've simply shut off for now.

I wish those constantly questioning performance would simply wait around until some people have delved in and bought it and are running it. If we have a trader copier setup, surely thats all the evidence you need to say that these EAs make money?

Anyway - report over and done with for my now - First winning trade complete, cant wait for the rest.

vortextraderpro posted:
Website : www.channeltraderpro.com/indexPP.html

it's ea or order copy like vtp?

Yes. If button doesn't work you may want to try another browser

even if the DD is badly calculated by MyFXBook, generally with a lower amount, in this case it was 123%, is the EA a martingale system? or no SL setup?
something not working correctly here.
I there an FX Blue published account too?
this system has a great DD calculation.

Edit:
I found one
https://www.mt4i.com/users/ctp-live

here the DD chart:
https://www.fxblue.com/charts/ResultChart.aspx?id=ctp-live&type=bankedandopenprofithourly&w=850&h=280&end=2014/6/30&rx=1435282722860
in %:
https://www.fxblue.com/charts/ResultChart.aspx?id=ctp-live&type=historicfloatingplpercenthourly&w=850&h=280&end=2014/6/30&rx=1435282797667

the DD was around 50%

If you look at the balance chart which also shows equity, May 27th 2014 equity was $1,554 from an initial deposit of $4,950 (so 68% down from original deposit. The 148% drawdown is percentage decrease in equity growth which shows on the first graph under Growth had me little confused there. Regardless you would certainly want to be running it at a lower risk than the developer, unless you have nerves of steel and can watch a $5K account goto $1,554 and not be concerned... good luck to those using it.

I notice if you click on custom analysis and change no boxes options etc, just click analyze it shows the 123% drawdown like it shows on the drawdown tab. Strange that the broker seems to have allowed the account to go into negative floating balance and not closing out trades at a stop out level as per normal industry practice... or can myfxbook staff hopefully provide an explanation. I have reported it to myfxbook staff so hopefully they can advise what's going on and if there is a bug.

Yes, what?
Yes it's an EA or yes it's order copy?

im not comfortable with the DD level of this EA. I like vtp more.

Then use lower lots :) I'm using bigger lots for this EA an VTP

I made profit for today's AUDUSD, very fast execution and opened trade very accurately, good job Doug!😎😎