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Channel Trader PRO (By channeltraderpro )

Gain : +2137.11%
Drawdown 33.68%
Pips: 2948.2
Trades 589
Type: Real
Leverage: 1:100
Trading: Automated

Channel Trader PRO Discussion

Sep 24 2015 at 12:30
51 posts
AUDCAD min 0.9259
the luck was not on our side today
Mark (webdude2000)
Sep 24 2015 at 12:57
36 posts
wow, just over -200 pips and stopped out. Talk about unlucky on this one.
WIN (ozboy)
Sep 24 2015 at 12:57
29 posts
Mark (webdude2000)
Sep 24 2015 at 12:57
36 posts
wow, just over -200 pips and stopped out. Talk about unlucky on this one. I was going to move my stop further down but thought I would not interfere for once. I should have moved my stop 😡
Sep 24 2015 at 12:57
2 posts
Sep 24 2015 at 12:59
9 posts
What I find really 'strange' is that average monthly growth of CTP from April 2014 till June 2015 was +25.79% per month. But once it was published here and offered to purchase (June 19, 2015), average monthly growth decreased to +3.98%. That means you need 6 months to recover max. DD (-24%).
Sep 24 2015 at 13:00
13 posts
Surreal is what happened after the SL...
Pendana (pendana)
Sep 24 2015 at 13:01
4 posts
My account lost what took a month and a half to gain. I was at 95% gain now down to 47% gain. I had a lot size of .35 and lost $525. This is unfortunate, as I moved my lot size from .25 just recently since my balance had increased.
Mark (webdude2000)
Sep 24 2015 at 15:00
36 posts
I lost almost all my gains in the last 2 months. The pivot point was so close i would have not minded if the system had asjusted my stop to -220 pips to give it a second chance of recovery.
Mark (webdude2000)
Sep 24 2015 at 15:00
36 posts
Sorry, that was meant to read. Lost almost all my gains of the last 2 months. I still need to figure out how to edit my posts here.
Sep 24 2015 at 15:01
10 posts
It's so painful that the minute we hit SL, it rallied up again. Almost like it was manipulated
Sep 24 2015 at 15:02
202 posts
zdnekj see my previous posts a few pages ago, MM changed, less gain , less DD/reward so overall same. Lotsize much lower than before.
Sep 24 2015 at 20:33
61 posts
Ladies and Gentleman : I came new to here and for understanding what happened . I also suffered last one as an unexperinece trader . But I already knew i might have been wrong with managing some bad trades. Then I remember I forgot to analyze 3 losing trades of Ctp and before i remember a Usa professional millionere yes he is ) traders advice. GET IN A TRADE IN RIGHT TIME ALWAYS AND EXIT NEVER WITH TIGHT STOP LOSS change it if necessary or widen it or never put it. Big investment banks see you as a Dumb trader and Stop loss is where you lose much money. Stop loss can be near %25 or %50 and more than 300 to 700 or for long therm traders 1200 pips if possible also )) of your equity or margin call do not give it a narrow room . it is an advice and what I found existing 3 lost -200 pip CTP TRADES AND todays -200 pips also in 437 trades I have a theory now. So believe me For ctp stop loss level about 220 to 330 is enough )) you can choose 220 or 330 or a magic number between these two ))
Sep 24 2015 at 20:34
61 posts
What happened in all 4 losing -200 pips DEFEAT FOR small and middle weight investors? And brokerage big investors gain we lose Why ans how ? I will write by numbers in 30 minutes
Sep 24 2015 at 20:46
61 posts
This JULY losing trade is the only one that exceed the limits of 300 or 330 pip Stop loss level . also like today we have a pull back from -206 level the same thing happened and a near -300 under -300 pull back also exists. So putting stop -loss to 220 or rescues 2 big drawdowns to -300 or -330 rescues 3 big draw downs . 436 trades are MARVELOUSLY ENTER AND EXIT ONLY ONE has gone wrong way but under -700 also ))
Sep 24 2015 at 20:49
61 posts
So guys Check all 4 LOSING TRADES AND MAIL MR DOUG PRICE TO HIDE STOP LOSS AND ACTIVELY FLEX IT HE CAN CHANGE IT ONLINE OR MAIL HERE TO CHANGE IT FROM -220 to -300 if he offers us. I am thinking to put tight 250 stop loss but I need to talk with doug price with mail before this.
Sep 24 2015 at 20:50
61 posts
So we should solve this very interesting stop loss issue. CTP REALLY WORKS WELL . STOPS are seen by brokerage and they force market to stop out small investors is estimated by some friends here
Sep 24 2015 at 21:10
61 posts
What happened in Aud Cad Yellen manipulated this or market physchology masked big players))
Sep 24 2015 at 22:09
61 posts
Todays trade is active so we do not know where actually it will bounce back or go crazy and broke -300 to -700 range . but if it pull backs we are right to engage a new SL )
Sep 26 2015 at 15:40
15 posts
Before I will do my comments I would like make a few points:
- I am not affiliated with Doug Price, never communicated with him, I am not even sure that Doug Price is a real person
- I am active trader for 8 years and had used many EAs
- There are no such system that will make 100% per month profit and there are no system that will make 100% positive trades
A few reasons why I like CTP:
- unlike other systems it shows stable results for years
- unlike with other developers we can monitor LIVE account
- my results are exactly the same as the developer's account and I cannot see any manipulation
Now my comment about SL
CTP is a trend system. SL of 200 gives a lot of room to catch a trend if system made right decision. If order goes negative to 200 it's definitely something wrong with it. What might happen if we increase SL? The more SL the less possibilities market will retracts to the winning point and more possibilities it will hit the bigger loss. How long we will wait for the possibility that market will retract 300, 500 or even 700? Days, weeks, months? And for all this time we cut our recovering force for 1/3. Also the bigger loss will require the longest recovery time. What happened now just coincident that market turned right after SL and as of now we don't know if it will retract to the winning level. Automated system cannot predict all kind of situation - it's averaging. With so high winning trades ratio I think it's right approach to 'cut the bleeding', unfreeze this pair and wait for the next 95 winning trades.
My conclusion is increasing SL will increase possibility of bigger loss and longer recovery time up to 3 times.
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