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

'the more time passes, the odds grow increasingly worse that you will get a margin call.'

Where did you ever hear such a thing? Lets say I have a fair coin, and I flip it 10 times and it comes up heads every time. What is the probability that the coin will land heads on the 11th toss?

Fifty/fifty. Probabilities don't change unless you are dealing with a finite amount such as removing balls from a box.

And where did anyone get the idea that RISE (the 12% robot) was a martingale? This is not a mistake one would expect of any kind of trader, I wouldn't think. You don't know the difference between a martingale recovery system and an obvious grid (mathematical) system? We cannot hold a civilized conversation if you don't know the language.

However, there's no Panic, all that information is free just take a moment to read about the GoldenGrid system used by RISE. https://forex-assistant.com/goldengrid/
Just a couple of minutes and you will know a bit more about grids than most technical traders know.

You can also learn what a martingale recovery system is on this thread where there is a pdf that explains something that you may be missing about martingales systems. Please pass this on to whom ever wrote than nonsense about how long it takes a martingale to crash. After you read the PDF you will see why that list makes no sense what-so-ever.
https://www.myfxbook.com/community/new-traders/martingales-good-bad-just-misunderstood/745521,1

The more you know, the more you grow. If you're the professional that you appear to be, you will take some time to learn the differences between these two very different tools.

Bob

ForexAssistant posted:
'the more time passes, the odds grow increasingly worse that you will get a margin call.'

Where did you ever hear such a thing? Lets say I have a fair coin, and I flip it 10 times and it comes up heads every time. What is the probability that the coin will land heads on the 11th toss?

Fifty/fifty. Probabilities don't change unless you are dealing with a finite amount such as removing balls from a box.

And where did anyone get the idea that RISE (the 12% robot) was a martingale? This is not a mistake one would expect of any kind of trader, I wouldn't think. You don't know the difference between a martingale recovery system and an obvious grid (mathematical) system? We cannot hold a civilized conversation if you don't know the language.

However, there's no Panic, all that information is free just take a moment to read about the GoldenGrid system used by RISE. https://forex-assistant.com/goldengrid/
Just a couple of minutes and you will know a bit more about grids than most technical traders know.

You can also learn what a martingale recovery system is on this thread where there is a pdf that explains something that you may be missing about martingales systems. Please pass this on to whom ever wrote than nonsense about how long it takes a martingale to crash. After you read the PDF you will see why that list makes no sense what-so-ever.
https://www.myfxbook.com/community/new-traders/martingales-good-bad-just-misunderstood/745521,1

The more you know, the more you grow. If you're the professional that you appear to be, you will take some time to learn the differences between these two very different tools.

Bob

Bob
Do you know the difference between tossing a coin and taking a trade? Your not a good mathematician if you don't, the fact that you compare them implies a lack of mathematical skills.
In tossing a coin the probability is predefined where as in taking a trade there are so many factors to take into consideration NOT TO MENTION you control the probability of tossing a coin the fact that you know its 50% win but taking a trade is much lower. Need to consider slippage, spread if variable or fixed etc then what is the exit and if it is predefined etc etc etcccccccc,
 you're a long way off.

I know there's a difference but I was trying to use a simple idea to illustrate the erroneous thinking about changing probabilities and risks. It makes no more sense to say that the probabilities of margin call decrease over time with what information that we have but in reality, the probabilities of a crash do in fact decrease over time. It's not in the arithmetic, it is in the fundamentals.

If I am having to explain the differences between a type of recovery system and a trading system, we need to keep it simple.


Bob

Martingales and Grid gurus ....clowns of forex.

optimofx posted:
Martingales and Grid gurus ....clowns of forex.

Well said! I am still about to see a profitable Martingale or Grid strategy which has survived a 2-year mark without a major (i.e. tolerable) <25% DD.

The 25% DD is the real max. what any investor in his right mind would take without freaking out, as there is absolutely no guarantee that the next basket does not end up in another 25% DD (totaling 50%). If it happened one would have to make 100% profit on the remaining 50% balance (equity) just to break even...

@ForexAssistant

The coin tossing example was actually a perfect one. It can be even a foundation of a 15% per year robot with straight line Balance graph:
1. Toss a coin at 8 AM every weekday, and Buy/Sell randomly.
2. Take 0.1% profit (after commission) from each trade when you can.
3. Let the losers ride until they become profitable (if ever).
4. Repeat from #1 every day.

Assuming a 50-50% success ratio (as in coin tossing) one's account will achieve 0.1% gain ever OTHER day, about 1.25% per month, i.e. about 15% per year profit on BALANCE.

But what about EQUITY...? Don't worry! It is a successful 15% per year strategy with straight line profit balance graph; it just happens to be in eternal DD. But who cares about it as long as it provides all investors with a stable 15% profit per year on Balance...? In other words: Any investor with this robot profits every month, even he/she loses. Got it...? Good.

MONTHLY BONUS: When (initially) losing trades become profitable, each of them add an additional 0.1% to the monthly profit.

ForexAssistant posted:
'the more time passes, the odds grow increasingly worse that you will get a margin call.'

Where did you ever hear such a thing? Lets say I have a fair coin, and I flip it 10 times and it comes up heads every time. What is the probability that the coin will land heads on the 11th toss?

I checked this persons site. most the grid EA's accounts are busted, and the ones that are not have a horizontal equiity curve....


This Bob character appears to have alterior motives, like working for the big banks seeding these martingale grid EA's to create liquidity as newbie accounts bust. Thats a guess.

Bobs site says :

'Today I want to begin with what I believe is the safest of the so-called safe investment options, the Forex market.'



.................... need anything else really be said about this person?

c3po posted:
Bobs site says :

'Today I want to begin with what I believe is the safest of the so-called safe investment options, the Forex market.'



.................... need anything else really be said about this person?

😁

Show me one year without loss and I will subscribe to your happy guess method. Anything that can get a zero loss over an entire year is not an accident. And just because there are a handful of people that will not study the material and just make a bunch of pointless remarks doesn't make them knowledgeable. In fact when you say things which are obvious errors to the informed makes you look uneducated. It is better to be thought a fool than to open your mouth and remove all doubts.

'Assuming a 50-50% success ratio (as in coin tossing) one's account will achieve 0.1% gain ever OTHER day, about 1.25% per month, i.e. about 15% per year profit on BALANCE.'

Where is the evidence. When did this forum degrade into a bunch of innuendos, unsubstantiated remarks and poll-parroting things that makes the writer look down-right stupid. 'Martingales and Grid gurus ....clowns of forex. ' Mindless dribble. A grid is taught in the math department of all universities. It seems to be a simple concept well beyond the reach of new technical traders.

First read, then formulate a thought based on facts, make a postulate but realize that you do not have all the data, some of it needs to be qualified. Become professional instead of a bunch of school children bent on picking on their classmates that think learning just might be a good idea.

What I am seeing is sometimes called a herding effect where people wanting to be the big man on campus says everything the in crowd wants to hear. This is letting your emotions dictate your course of action instead of rational thinking. I can't believe that there are so many uninformed, willing to spew their guts all over the forum and actually think they are making sense. No you are not making sense no matter how many times you say something over and over. If you can't be bothered to read the material that I have given you freely then I can't waist my time discussing what you can't understand. Read first. Learn before you talk. Then ask questions not make stupid unsubstantiated remarks. In short, grow up, it is time you know.

 Bob

@ForexAssistant

SHOW ME THE MONEY!!! Then, and THEN we can talk about mathematical theories...

Guess why those people teach the 'grid theory' at universities...? Because they have no other way of making a living... Otherwise they would trade their theories with real money sitting on their yachts in the Bahamas. Not fighting for tenure and waiting for promotion or a SALARY RAISE... Come on!

SHOW ME THE MONEY!!! Then, and THEN we can talk about mathematical theories...

Done.

https://www.forex-assistant.com/2008-2009.zip

Note the date. Remember what happened during that period. Now look what we did.

Bob

@ForexAssistant

Noted. The balance on the last account statement is $835.56, so you have made $625.56 over 16 months. Hmmm... I meant show me the REAL MONEY, which is more than the price of an Economy Class flight ticket from London to New York.

If it has worked so well for you Bob, you must be a millionaire by now managing the wealth of hundreds of investors while sitting on your yacht in the Bahamas, sipping your Dom Perignon and spreading the wisdom to the 95%...

AM I CORRECT, BOB? (If not, please shut the f... up and come back later.)

lol

ForexAssistant posted:

Done.

https://www.forex-assistant.com/2008-2009.zip

Note the date. Remember what happened during that period. Now look what we did.

Bob

You turned $200 into $1000 in a year? dude, my martingale-grid bot does that in a week.

sorry, I was disrepectful. but you deserve it.

Now to be more congenial, how did it do between 2009 and 2014?

c3po posted:
sorry, I was disrepectful. but you deserve it.

Now to be more congenial, how did it do between 2009 and 2014?

I guess we all know that too well... But yes, let's see the account statements following July of 2009...

As most people know this is a grid system and the US government has limited US citizens from using a grid, with FIFO (First In First Out) That is the reason that the account stopped in Aug 2009. I can't use this system live until I get out of the US. Again a little bit of reading would have reveled all of this. The only problem here is basically a communication problem, if you don't read, you will be stuck in your beliefs no matter how limiting they are. READ, READ, READ

 'You turned $200 into $1000 in a year? dude, my martingale-grid bot does that in a week.'

Maybe but we were discussing a grid system, has nothing to do with a martingale recovery system. Nothing at all.
This is why it is so frustrating and if I have lost my congeniality as C3po has suggest, my deepest apologies, but I do not understand people that seem to be willfully ignorant.

' how did it do between 2009 and 2014?' 12% but we made it safer because the one from back in the market melt down of 2008, was more for experienced traders not investors. The new RISE takes what we learned from trading and created something brand new in the world, a place where investors could get better than stock dividends or bonds and much safer. We have supposed traders on this forum that doesn't even know why the forex is the safest market, and what's worse, they don't seem to care.

Traders make far more money in the futures market, if money is all you're concerned about, you're in the wrong market. The forex spot market is unique because of its safety aspects. Please someone who doesn't know this, ask why instead of a mired of attacks about something new to you.

'while sitting on your yacht in the Bahamas', My boat was in Florida but we sold it last year, wanted a little bit bigger one, 40 feet is too cramped. Pic attached.

Bob

My opinion on this (take it or leave it, makes no odds) is this:

1) ALL EAs blow eventually
2) Most EAs risk too much
3) Most EAs will at some point give you nasty draw down

4) 4% a month? Sure its doable. but some of the long term Fund Managers who make a killing trading investments make 2% a month if they are lucky.... so basically you want something automated that beats MANY professional traders out there.....

If you make 4% a month without large drawdown's then you will be a Millionaire within 2 years from now.

Good luck, and god bless ;)

BenNathanFTA posted:
My opinion on this (take it or leave it, makes no odds) is this:

1) ALL EAs blow eventually
2) Most EAs risk too much
3) Most EAs will at some point give you nasty draw down

4) 4% a month? Sure its doable. but some of the long term Fund Managers who make a killing trading investments make 2% a month if they are lucky.... so basically you want something automated that beats MANY professional traders out there.....

If you make 4% a month without large drawdown's then you will be a Millionaire within 2 years from now.

Good luck, and god bless ;)

It is true with the added remark that fund managers have a tougher situation to get in and out of positions. It is much easier to move 4-5 lots without moving the market, but it is a different situation with 400-500 lots which has significant effect on the performance they can achieve.