To use chat, please login.
Back to contacts

FX Cure EA (TEA Free)

ForexCure (ForexCure)
Feb 21 2014 at 15:12
147 posts
dupapa posted:
it is interesting to read about this ea,

i still have the toms installer on my pc, v 1.91 if i remember correctly, was the first ea i tried an actually my first venture into forex with promises of riches just ahead haha

well it blew a couple of accounts as it goes,

looks like your making good progress after altering the original to make it safer,

is the offer still there to test for a $15 fee?


Many thanks

Ben


Yes it is dupapa. But just be forwarned, that this is for Demo only. This is mainly because if the EA or MT4 terminal
is restarted, all the virtual orders are lost - which will cuase havoc on any actual Open orders. In the new version,
this problem will be gone. And it should be available sometime next week, for $30 (or $15 if you get the current, v0.94).

Again, all versions less tha 1.0 are not intended for production until many more months of testing and tweaking thanks
to input from serious users in this community topic.

Hope to see your contributions here!

-Drew
===============================================================

Waant aal, lose aal, man...
ForexCure (ForexCure)
Feb 21 2014 at 16:02
147 posts
Crap, I lost my internet causing so badly, I actually had to restart my PC!

Of course this means all virtual data from the EA has been lost with 126 open orders!

---------------------> say goodbye to FX_Cure(1,0) v0.94. No point watching Rome burn down...

Can't wait for new version.....sigh...but moving everything to a VPS this weekend.


-D
========================================================



Waant aal, lose aal, man...
Tradydave
Feb 21 2014 at 16:38
62 posts
ForexCuredotcom posted:
Personally, after the new Code re-write and some testing, I'm going in with real $$10,000$$ on RoboForex Cent account. (So, 1M cents!) And 'tune' the lot sizes to present 15%/mo. maximum, for sustainablility. I do not want to be stuck in front of a screen manual trading nor worried about a 85% drawdown.

That's why most of us are here checking out this FX Cure EA right?


1) 100% RIGHT !!! (At least for me)

I m expecting that kind of sustainability and then using the power of compounding to build a wealth and try to afford my life off of the cash flows. (I might be dreaming awaked but I ' m willing to check it out)

2) As per your statement : 'tune' the lot sizes
I m interested to know how you would do that ?
Why cent account with 10k ?
Do you feel the need for a special setting in the EA to achieve lot sizing in order to follow a ROI plan ?

3) I m experiencing a risk 3 mult x6 demo on 10k on 28 pairs. This seems to yield 17% mo with 1,72% ridiculous DD (sustainability to be confirmed). Let say I want to go live with that, Can you think about a way to have the lot size evolving with account growth to maintain ROI level ?

BTW sorry for your 126 orders loss. Was that on one demo or many ?

Cheers,

David

dupapa
Feb 22 2014 at 09:16
24 posts
oh i have no intention to jump both feet in with real cash straight away, demo is key here, especially given the risk inherent with a martingale type strategy, but i like what you are trying to achieve with the x1/x3 orders,

im happy to take part in the testing and will make public on fxbook my demo account

it will be a ibfx mini demo account, an would reside on my VPS, unfortunately it reboots once a week as part of its health regime,

im just about to fly africa for 9 days but soon as im back expect a $30 payment and you can provide whatever version is currently available, definitely looking forward to seeing the changes to make it survive a reboot.


dupapa
Feb 22 2014 at 09:16
24 posts
p.s Drew, sorry to see your loss of trades :/

craneliu
Feb 22 2014 at 12:23
248 posts
Hi all,
Here is my real story recently.
I have real account with 8kUSD to run TEA with risk level 10 (risk level 1 for low TEA version) for both GBPUSD AND EURUSD.
Recently strong trend GBPUSD pair caused 30% drawdown. Different from the big trend in May 2012, this time 1x level trade didn't touch 600 pips stop with highest level 39x. The big drawdown was caused by the level 12x , 15x, 21x.

Couldn't image what will happen if 28 currency pair work together even the 1x and/or 3 levels are filtered.

By the way, I use ibfx AU micro account.
And for your information only, the basket take profit is not fixed ,increased with trade level increase. Below 30x , the TP retrace is less than 100 pips, for 33x and 39x, need retrace 120 and 140 pips to close the basket.

Always Risk Management First, Then Grow The Profit!
ForexCure (ForexCure)
Feb 22 2014 at 22:33
147 posts
Hi Crane. I see your TEA must be a newer version than my FX Cure is based on.

-glad you didn't blow your account! I haven't ever seen a 39X trade let alone a 33X.

...Must be something in that higher version code. Personally, I wouldn't use Real $$
unless I was filtering out everything less than 9X - I think of it as 5 failures or fake-outs
before and actual trade goes in the right direction - how's that for being unscientific?!

-Drew
===================================================

Waant aal, lose aal, man...
ForexCure (ForexCure)
Feb 22 2014 at 23:01
147 posts
Hi TradyDave (or should I say ChattyDave? ;))

You were asking about 'tuning'. Well, whenever I see 50% per month growth on MyFXBook
I am expecting a BIG correction to take away profits - just has been my experience. You may
luck out in the short term - take the money and run, as it were - but I feel with ALOT of Equity
and slower growth, I'll be able to slept at night - and stay in the game longer or permanently...

So, when the Monthly growth gets to the 50% area, I'll back off on the multiplier, thereby dropping
the Lot size. With a Cent account, one can micromanage this more precisely - if your only choice
is down to MicroLot, you can't go much smaller. But on a Cent account you can deal in 1/10th of
a MicroLot. Get the idea?

I'll draw out some actual numbers next week. And, that account was only a Demo, so, not to worry.
-but I was hoping for a longer forward test.

Speaking of which, I mentioned I'm moving my Forward tests to my VPS platform - which is run by
Mike Wilson at engineered-solutions.us . I believe, it's the finest VPS system and support available.
Not cheap, but he's an honest, hard working and dedicated programmer/engineer (and Forex trader!)

later....

-D
============================================================

Waant aal, lose aal, man...
Tradydave
Feb 23 2014 at 08:30
62 posts
Hi Drew

Yeah sorry I ' m asking a lot of questions. I m often very thorough, especially when all details matter.

About tuning lot size, backing off on multiplier and why cent account help you reach your objective ... Sorry again, I don t get the idea at all ... 😕

I think I lack knowledge about how TEA sizes lot in relation to Balance = how lot size grow when balance grows too.

I m a tough pupil for you prof 😉

Cheers

Dave

craneliu
Feb 23 2014 at 15:17
248 posts
Hello Drew,
By when the improvement of fxcure EA will be finished?
And how much is the RAM of VPS is necessary to run this EA?
 I am running the TEA with real account on VPS, I would like to forward test the fxcure EA on the same VPS.

By the way, which version of TEA is the fxcure EA based on ?

Best wishes
Crane

Always Risk Management First, Then Grow The Profit!
Please login to comment .