To use chat, please login.
Back to contacts

ChangeDirEA v1.0 (By SaltyWaters )

The user has deleted this system.

ChangeDirEA v1.0 Discussion

Nov 20 2012 at 17:03
247 posts

This is a High Risk strategy, but the reward is worth the risk (I do think so 😄).

I use automated Trailing Stop and manual Equity Close as SL.

There won't be more than one trade open at the same time and there's no increments in this strategy.
Most of the time trades are closed within one day or two but there may be an occasion or two that they may go open for several days before closing

I keep open trades under supervision and if I detect anomalies or signs of a bad trade, I close it manually.

If everything goes accordingly to the backtest this strategy will double every month. Of course this is a High Risk strategy and I'm very well aware of it and backtests are only hypothetical and cannot guarantee future results. But, myself, I'm willing to take the risk.

On a High Risk strategy one should withdraw profits on a regular basis.

If the account doesn't blow before I take the profit my plan is to do the following:

1 - Let it run until $16K then withdraw $6K
2 - Let it run until $160K then withdraw $60K
3 - Let it run until $600K then withdraw $500K
4 - Repeat number 3

This strategy is available in PAMM accounts at ThinkForex, only if you are as crazy as me and want to join the adventure at your own risk.

For less risky strategies see my profile or go to then contact me.

But in the end Forex is a risky business regardless.

Anybody joining this PAMM account should know and understand the risk involved before joining it and do it at ones own risk.

Nov 27 2012 at 22:36
247 posts
Holy cow!!!

Ok! this is not what you think! This didn't happen in reality if you look at your charts just now. But it scared the crap out of me.

ThinkForex is telling me it was an error and it will restore the account's balance to where it was before the spike.

See pics.

The funny thing is, the spike was in my favour because I had a Sell with 10 pips Trailing Stop and it closed in loss at a level never reached 90.115

I said this strategy is High Risk but Geez! I don't want to scare people like this.

It didn't happen yet! :))

Nov 28 2012 at 01:00
247 posts
Alright! My money has been restored to where it belongs - my account.

Even though I'm not too happy with the incident, I have to admit that ThinkForex did act very quickly solving the problem.

But now the stats at myfxbook are not reflecting the truth and that is not fair neither good for business. 😄

I'm going to have to close this account and reopen this strategy with a brand new account starting from scratch.

Hopefully this doesn't happen again.

But having a second thought it will be better if it happens the same way than for real and lose all the money. 😀

So! This account will be closed soon due to the circumstances.

Nov 28 2012 at 06:07
247 posts
I would like to ask to the members here at myfxbook with accounts at ThinkForex if they had the same spike on JPY pairs?

I would appreciate your answer, just to clear my doubts.


Nov 28 2012 at 17:57
247 posts
Just posting ThinkForex email regarding the spike:

' Hi Joe,

Thanks for your email. There was a price feed error on the JPY pairs that affected your account. Please be assured that your account and all of your trades will be restored back to where it was before this error within 30 minutes.

We apologise for the inconvenience and thank you for your patience.

Thank you,

ThinkForex Support
NZ:+ 64-99097850
UK:+ 44-2033185942
AU:+ 61-290370158
Email: [email protected]

Copyright 2011 ThinkForex. All Rights Reserved'

Nov 28 2012 at 18:20
247 posts
Just posting one last pic of the account before deleting it and try to reconnect it to see if I can get it to read the right stats.

If I can't get it to read the right stats I will open a new account and I will transfer the balance to the new account.

For the record the account was open with $250 and is now sitting at $604.36

Nov 28 2012 at 18:31
247 posts
Please login to comment .