FXCharger Diskusia

MicF posted:
@fxcharger
Exactly, that's why I use this EA.
As I wrote a bit earlier, FXCharger doesn't try to 'outguess' the market, it uses a simple yet intelligent strategy to compensate on looses.
That's why my FXCharger doesn't do the same trades as anybody elses.
Hence I can have a drawback, where anybody else doesn't, and vice versa of course.

Markets move randomly Eugene Fama was awarded with a noble price because of that.

You need to find something, which doesn't try to predict the next candle.
Martingale is one of it.
I find it funny that those blaming martingale strategies try to predict the next candle.
Is like a flat earther trys to fly to the moon.

So clever strategy @fxcharger ;-)

Thanks for the nice words 😄

Hi MicF, do you have 'Opposite Signal' = true ? is this the normal way to run this robot? (always opens two opposite trades)

And how about the MA settings, author's default is the best? personally i would change but I'm leaving as is considering author should have tested to find default settings. I may run it another chart together with different MA.

What do you think?

By the way this is a good EA. Maybe slow for some. But it is a timed trader, i.e. not working 24 hours.

This guy who keep answering back making comments is getting really annoying.

best,

MicF posted:
For some reasons I can't upload an image, so here are the advanced options:

EA_Mode Auto Setting
Custom Mode not recommended

Lots_multiplier 1.5
TakeProfit 40
no_StopLoss False
Opposite_trade true
Max_orders 10
Start_hour 0
Start_Min 0
Open_anyway false
Inverted_Signal false
... and some MA settings

I see FXcharger is back here, thanks for excellent work and replies on here. Please give me advice what you think,
best,

I didn't change the default settings.
It opens two trades at the start, hitting one Take profit it waits a while, then opens another trade of the same direction with 4 time the lot size.

ramsey posted:
I see FXcharger is back here, thanks for excellent work and replies on here. Please give me advice what you think,
best,

Hello Stead! For some reason I didn't saw your comment. You have praised my work and I didn't wrote you back 😳 I am sorry!

We suggest to use default settings, to get the same good results as we have. But you can try to make your own profitable settings and test it at backtests and if results are good try to trade at demo or live.

I just wonder what will happen when this EA has 2 losses in a row like it had in May. It is going to happen at some point and it will need over 6 months to get back to equity highs, provided it doesnt have another loss during that recovery. There are better and safer strategies than this martigale crap. And people will again wonder how its possible that account blew up when that happens....

sjkhaushu posted:
I just wonder what will happen when this EA has 2 losses in a row like it had in May. It is going to happen at some point and it will need over 6 months to get back to equity highs, provided it doesnt have another loss during that recovery. There are better and safer strategies than this martigale crap. And people will again wonder how its possible that account blew up when that happens....

Well, then Mr. sjkhaushu, why don't you post those strategies here? Please post the ones you know that did over 1550% in 3 years on a live account.

First of all, the results are not representative. They have been making much higher returns for the first 6 months of trading. Just go look at the history. Right now you are lucky if you make 5% monthly. What they were making before doesnt mean anything for investors that are invested with them now or are thinking about investing in the future.

Dont be so naive and look at all the info thats available. If something didnt happen yet it doesnt mean it cant happen in the future. And the 2 losses in a row are going to happen more likely than not. I dont care how much they made in 3 years, the account was manipulated in the first few months which resulted in unrealistic stats. How long do they need now to make 100% return and what is the risk taken to do that? At this point it takes about 18 months to make 100% profit and the risk is about 30%. Thats not a good ratio at all.

Mr. sjkhaushu. I was asking for you to provide some systems that you say are 'better and safer strategies than this'. Please show us by posting those system here with at least 3 years historical data and with over 1550% return. If you can't provide such systems then you can't really claim what you are saying is true!!

You obviously dont understand what I am trying to tell you so there is no point for me to try to convince you otherwise. Good luck with fxcharger, you will need it.

I do not believ there were 2 losses in a row in May, just 1 stoploss, that’s the SL setting for whole risk, in this case 22%

I do understand what you said, but you 'claimed' you know of other systems that are 'better and safer strategies than this'. Please show us those systems and how are they better? I would like to know that's all. If you don't have those system how do you know they are better and safer? or where you just saying that to sound smart? Just wondering.

sjkhaushu posted:
I just wonder what will happen when this EA has 2 losses in a row like it had in May. It is going to happen at some point and it will need over 6 months to get back to equity highs, provided it doesnt have another loss during that recovery. There are better and safer strategies than this martigale crap. And people will again wonder how its possible that account blew up when that happens....

Hello! Well, show me any system and I will tell the same 'what will happen when... ' 😁 Absolutely all trading systems has a chink in armour (vulnerability) and unfortinately there are no way to away of it. But in our case the risk to have two loses in row is a very and very low. Please read my posts at 16 and 17 page of discussion, I explained why system has so low risk to have 2 losess in row.

sjkhaushu posted:
First of all, the results are not representative. They have been making much higher returns for the first 6 months of trading. Just go look at the history. Right now you are lucky if you make 5% monthly. What they were making before doesnt mean anything for investors that are invested with them now or are thinking about investing in the future.

Dont be so naive and look at all the info thats available. If something didnt happen yet it doesnt mean it cant happen in the future. And the 2 losses in a row are going to happen more likely than not. I dont care how much they made in 3 years, the account was manipulated in the first few months which resulted in unrealistic stats. How long do they need now to make 100% return and what is the risk taken to do that? At this point it takes about 18 months to make 100% profit and the risk is about 30%. Thats not a good ratio at all.

I was trying to understand where you have get these numbers, but I can't, sorry 😄. For the first 6 months we earned about 400%. Then you telling that we earn about 100% profit for 18 months. But we have 1590% of gain. Does not converge somehow.

Also any client (investor) can trade with any risk that he wants.

What leverage is this account trading at please? I cannot seem to see it anywhere and in the General Tab here; https://www.myfxbook.com/members/fxcharger/fxcharger/1744841 it just shows a dash?

WayneO posted:
What leverage is this account trading at please? I cannot seem to see it anywhere and in the General Tab here; https://www.myfxbook.com/members/fxcharger/fxcharger/1744841 it just shows a dash?

Hello Wayne,
We use maximal possible leverage 1:500, just because we can. System don't need such much, but it's just in case.
Once one friend of mine said, that good leverage is like powerful engine in car. Possibly you never do not use it in full power, but if one day it will be needed to you, you will have enought power reserve 😎
Many professional traders use this principle. And we recommend to use it.

Thank you.

Why was the drawdown 22% if default setting in Ea is 35? Is this not using default setting? There could be slippage on the risk SL too when it’s triggered. Does is close all the trades?

Hello Ttell me are you currently using the gmt + 3 setting mikroaccount no komissii s plavyushchim spredom?

micro account without commission with a floating spread?? Since on daylight saving time, daylight saving time