I want only a safe 4% each month... Which EA?? Thank you

I am totally disappointed in my performance the last 8 days.

Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days.

Cheers,
FxTurtle

Hello Fxturtle,

it is normal that you are disappointed because the market has no trend and big investors are not income, they are still waiting after the Yanks their economy gets better.

Regards
Hiroo59

Yeah, chop chop shop. I wonder, anybody uses maximum daily loss limit hereÉ

Hi everyone,
My January Demo performance did not meet the expectations.
The DD could not be kept below 5% as planned .
The profit target did not go above 15% as I expected.
Anyway below is the link to my account:

https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447

Your comments are my inspiration and please do leave some comments.
myfxday

Guys try this - its different from everythink you ever saw

https://www.myfxbook.com/members/ExcellenceFX/strategy-mix-2/873539

they have bunch of insanely profitable strategies, they are honest and manage accounts at good conditions for clients.

This guy has posted the same thing on a bunch of different threads, but the same response, what do you have to hide that you don't show the historical or open trades. No full disclosure, no interest.

This isn't an unusual demand, every one of my systems is fully disclosed.

Bob

Helo guys, pls take a look at my statements today, I had to change broker so thats why theres 2 links

https://www.myfxbook.com/members/mmatej1988/hedging/800105
https://www.myfxbook.com/members/mmatej1988/hedging/830993

pls, any comments are more than welcome :)

cheers!

Well; I looked at your link and recognized the price averaging strategy but I can't fathom your operation strategy, can you explain what happened on Jan 3rd at 18:40?

See, it's not good enough for a system to make money. If the process is erratic, there is no way to know if you are looking at a good period of time or a bad one. You can make money for years and then lose it all in one day. So most of what we tend to look for is good money management techniques. Honestly, anyone can make money in this game, keeping it is another matter.

Bob

There is no such fully automated system exits for selling for long term consistent gain.
We use Semi Manual System for Long term Consistent Income for our investors.


Regards,
BlueSapphireFX

BlueSapphireFX posted:
There is no such fully automated system exits for selling for long term consistent gain.
We use Semi Manual System for Long term Consistent Income for our investors.


Regards,
BlueSapphireFX

Lol @ you ... You start up a new name here and then pretend you know a lot about forex . So what name were you using when your system failed and you recreated your new name? I have to admit that I agree that no automated system can be long term successful and it requires manual intervention at some point but not all the time.
So whose we that you mentioned? Your scam man and you?

'There is no such fully automated system exits for selling for long term consistent gain.'

BlueSapphirFX, welcome to the forum, I think that you may now get a chance to see that your previous statement is no longer correct and that there are a lot of really smart people on here along with some that are just starting out.

I will start you off with a completely automated robot that I check once a week or so. Averages around 12% a year, In the last 13 months, RISE took 125 trades and lost 2. But to be fair, if you look at the average profit and compare the 2 losses you can see that it wasn't the program's fault, I was checking on the swap adjuster and I made it close so I could verify calculations. Look over on the left side of the history page where both losses occur, you will see that they are both a different magic number than the rest.

Check out the profit curve and the profit factor. Go here,
https://www.myfxbook.com/community/trading-systems/rise-audcad/558239,2#?pt=2&p=1&o=558239
click on full report.

Now, I realize that an actively traded account makes more money but I hope that I have been able to prove that preconceived ideas are not just outdated but can also be detrimental to your portfolio if you're not using some such type of safe investing strategy to off set (diversify) the riskier strategies, simply because you thought that these programs didn't exist.

There are more things under heaven then imagined by us my friend.

Bob
  

Wow. Interesting statistics: -4236 pips and -4236 USD in DD... (as of today)

Considering the current DD the strategy has produced about 7% over the past year with -9% max. DD. Also, if someone had started this this strategy in late January, he/she would be in -5.5% loss as of now.

I don't think that anybody would be able to make a living with such a strategy, not to mention becoming rich from it. Also, the performance is very far from the 4% monthly gain mentioned in the title of this blog. (Actually it is 0.93% per month as per MyFxBook with a max. DD of 9%.)

FxMasterGuru, which system are you commenting on?

I will assume that it was mine because it is not the 4% that someone wanted but I was only pivoting off of the quoted comment, wait, I'll do it again
'There is no such fully automated system exits for selling for long term consistent gain.'

Notice how the comment was not 'There is no such fully automated system exits for selling for long term consistent gain - over 4%.' If someone is making provably wrong statements, doesn't it behoove us to try to at least prove them wrong? Or is it your contention that we should leave erroneous and misleading statements go unchallenged because our proofs are outside the general topic area?

Anyone can get 4%, I certainly can but the higher the return, generally the higher the risk. I don't care how much someone can make, only in how much he can keep. Of course when I set up my programs it is to verify the safety aspect not trying to hit some arbitrary profit figure, that's a rookie mistake. Now look at how long I have been on this forum, you post more than I do but I've been around for a while, is it logical that I would hang around here for all these years trying to sell a program intended for investors to a trader?

So someone wants programs that are greater than 4%, generally we call that greed and would normally try to steer the newbie away from that thinking but someone may already have a program that makes 3.5% and only wants to talk about better ones. How could I know how to make that kind of determination? So we try not to jump to assumptions and ask questions, hmmm, it seems like that is a no loss system, what's it used for? Then no one feels like they are being belittled for being different.

However, 4%, lets prove what I just said,
https://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841
Another straight liner. 1.95% a month average, if you understand feathering into a position, you will understand how it functions. This is the worst draw-down that I have seen since we started, in June of last year, and it's currently 13.57%

Note that the lowest trade size started at .01 lots. If we forced the starting lot size to be .03 then our draw-down would be 3 X 13.57% < 45% and our average monthly profits would be 1.95% X 3 = 5.85% which is greater than the 4% required and still somewhat safe but not safe enough for me. None the less, I believe that I have proven my point.

Bob

I am not trading FX but here is my input. No EA can be successful long term left as is. Market changes and it might change on a dime within just 1 day. This means any EA should be constantly monitored and market also monitored on daily basis. What exactly EA is? It is crunches for those who either cannot master self control aka emotions or those who do not want to spend time trading.
I for example trade and check every trading day after the market close, then every week I test the whole week back ward , and so I do with a month and occasionally just take any month in the past and test it against my current trading. There is no substitute for personal effort. Been reading Market Wizards yet again and those who were interviewed and they are not myfxbook usual crowd stated that talented trader is better than EA. For those who want to make it , I mean really make it there is no substitution for extended personal effort. No short cuts here, sorry.

'No EA can be successful long term left as is.'

I guess I would have to ask what is 'long term'.

'Market changes and it might change on a dime within just 1 day.'

Possible but if your money management system is in place, any losses will be negligible. Still any actively traded account will do better than a fully automated one, unless better means that you add in all the other benefits of dancing on the beach in the evenings and lazy walks through the markada as apposed to working for a living. Traders should make more they are after all working for it. I am retired, well almost retired. Anyway, I am not going to use my limited time on this Earth doing something that a robot could do and with less stress.

I mean I can make 2% a month without working and about 5% a month by actively trading all month, so I am only making 3% a month for my labor and time. ? Not real appealing to me but if you're hungry, then actively trading can get your portfolio big enough where 2% can take care of all your needs, for now. Needs change fast than the markets do, but a portfolio of $250,000 at 2% a month is $5,000 a month, I can live with that.

Still there is always improvements and you will want to keep up with the changes, both markets and trading options over time but that brings us back to the question, how long is 'long term'?

Bob

Myfxbook is not updating my account wht to do help plz

go to edit and then connect...this will update it

If u update ur account by myfxbook ea u must change to myfxbook ea v.1.7.3 if u actulize ur mt4 to last build.

thank you so much so simple step and it updated my account since march thank you 😀
glimpse of my account 4-10% monthly
 https://www.myfxbook.com/members/eramar89/eramar89/712694