1.5K Initial deposit, Flex EA, Default settings. (by logart) Quick Stats
Gain: +57.66%
Drawdown: 12.92%
Pips: 1737.5
Trades: 217
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

Full Report

User's Page

Message

Rating: Full Star Empty Star Empty Star Empty Star Empty Star
1.5K Initial deposit, Flex EA, Default settings. Discussion
Previous 1 2 3 4 Next
logart

Member Since Jul 31, 2016  46 posts logart Aug 08 2016 at 21:32
successwill posted:
i hope he takes you seriously and fixes it..


Well he told me to if i could make a review of his EA in peaceforexarmy or whatever the name of that website is. I dont think he wants a bad review so he must fix this. Also have you used the default strategy or your problems only comes with the shotgun strategy?

successwill

Member Since Nov 18, 2015  247 posts successwill Aug 09 2016 at 19:14
Nope i didnt have time for other strats.. Or i didnt want after having failed in testing shotgun. Because i was brought down :( However i tried to switch between strategies for short term testing. Last night while texting you here i installed Flexhybrid strategy on a few charts and saw the same thing: Accuracy was over 100% but there was no trades open..

And today i cleaned my VPS by uninstalling the broker's mt4 and removing all user datas, presets etc..I re-installed everything on shotgun again..I will see what will happen

logart

Member Since Jul 31, 2016  46 posts logart Aug 09 2016 at 22:16
Yesterday it made a trade and it reached the profit target, so it is now working good. Maybe it was my internet connection was having dropouts or something but now is working i guess...

Is too weird yours EA dont work at all, why you chose shotgun strategy? It's a risky strategy and all others strategies have a high % of drawbacks, the only with the niceest equity curve is the default strategy. In fact the owner only keeps 2 accounts live, the default one and the trendsurfer strategy and been doing good since 3-4 months, but i see the equity curve of the trendsurfer one and it has large drawbacks, the default one looks much more nice long term. You want to use the high risk/high reward shotgun strategy with a small account? I thought about that too...

mastery

Member Since Oct 22, 2009  8 posts mastery Aug 10 2016 at 01:41
I am using version 3.1 with Default strategy, so far the EA is performing well. Small tweaks that I have done.

Virtual Trade : 3
DD Stoploss Mode : AllCharts
USD : 8

Am thinking of switch on the Trend mode as well as the trailing but not sure yet because I am happy with the result so far.

USD set to 8 because most of the pairs that I enable are USD related.grin

ngohch@
logart

Member Since Jul 31, 2016  46 posts logart Aug 11 2016 at 00:35
Nice! Do you have a FXbook account? to see your progress? :D

mastery

Member Since Oct 22, 2009  8 posts mastery Aug 12 2016 at 23:24 (edited Aug 12 2016 at 23:33 )
Here you go!

https://www.myfxbook.com/members/mastery/flex-ea-default/1737516 - verified

https://www.myfxbook.com/members/mastery/flex-default/1737679 - both track record and trading privileges are NOT verified because the demo server DOESN'T EXIST in myfxbook database and thus connection cannot be made.

I am showing you the same strategy over 2 different brokers with 2 different capital on demo accounts and there are some interesting discoveries, adding your real account performance we can made some observations.

1. It is a known that with different brokers we get different results.
2. The EA perform quite consistently across different platforms.
3. The EA performance is at 60 - 70% win rate.
4. It is best not to run the EA during news. The martingale can really draw down to 5 levels. But again, the EA will open more trades due to the market volatility. It is a tough call to play between a safe play or aggressive strategy.
5. The EA does not always close trades at the TP point especially after follow up trades opened.
6. The EA seems to play on reverse by default. Noticed a few good trades on trend were ignored which shall yield very good returns.
7. The EA is not on aggressive mode but can still be tweaked for a higher win rate (and lower trade counts).

Using Default Strategy with 3 virtual trades, DD stopless mode allcharts and USD 8.

Cheers.

ngohch@
mastery

Member Since Oct 22, 2009  8 posts mastery Aug 14 2016 at 15:30
Got the response from myfxbook and they have added the server into the list. So both trades and privileges are now verified.

ngohch@
successwill

Member Since Nov 18, 2015  247 posts successwill Aug 15 2016 at 15:24
'3.56 Changes

Fixed starting lot size opening at minimum lots instead of calculated lot based on MM'

this is from the changes note. i am using v3.57, EA still opens 0,01 lot despite the fact that it should open 0,02..

Strategy is still shotgun, at least this version opens trades lol

logart

Member Since Jul 31, 2016  46 posts logart Aug 15 2016 at 16:18
What is your account size. My 1.5K usually opens a .02 lot I'm using last version.

successwill

Member Since Nov 18, 2015  247 posts successwill Aug 15 2016 at 17:16
On the chart it says Trading lot size: 0,02 but opens 0,01.. With 3.56 changes, it must have been fixed as it says in my post above.. The risk was set to 0.3 and balance is 1000 usd

Previous 1 2 3 4 Next
Loading
Loading
EURUSD 1.12872 GBPUSD 1.2551
USDJPY 107.47 USDCAD 1.35906

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.