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Channel Trader PRO (By channeltraderpro )

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

Channel Trader PRO Discussion

djbenny1
Aug 04 2015 at 10:01
7 posts
PS I know I cannot run a PC and VPS simultaneously as I will get duplicate trades, but I assume it is OK to check MT4 on the android app etc.? Will this disturb CTP?

alimertin172
Aug 04 2015 at 12:56
61 posts
Lets Say you Have two trades open AUD USD AND AUD CAD .. THE Stopl loss is 200 pips . the percentage pf losses in Usd currency may be aproximately % 2-2.4 usd account balance so 22 to 25 leverage of balance and risk is equal to %50 draw down. If you have 1:500 leverage and risk % 25 or %40 of your account you are less than MARGIN CALL and lose nearly %90 of your balance in any brokerage firm. but it is like a gamble over %33 of risk i think if 3 trades opened here and exceed 200 pips draw down.Doug I realized started with %50 risk and more )) at the start of channel trader pro now he is at a level of %3.5 to %8 risk . so he decresed risk if you check all 400 trades it is clearly seen.😎😁

alimertin172
Aug 04 2015 at 13:10
61 posts
Nothing disturbs CTP it is really a smart EA but one rule this EA has only Relax your nerves and except weeks of trade sessions ))

djbenny1
Aug 05 2015 at 06:34
7 posts
alimertin172 posted:
Lets Say you Have two trades open AUD USD AND AUD CAD .. THE Stopl loss is 200 pips . the percentage pf losses in Usd currency may be aproximately % 2-2.4 usd account balance so 22 to 25 leverage of balance and risk is equal to %50 draw down. If you have 1:500 leverage and risk % 25 or %40 of your account you are less than MARGIN CALL and lose nearly %90 of your balance in any brokerage firm. but it is like a gamble over %33 of risk i think if 3 trades opened here and exceed 200 pips draw down.Doug I realized started with %50 risk and more )) at the start of channel trader pro now he is at a level of %3.5 to %8 risk . so he decresed risk if you check all 400 trades it is clearly seen.😎😁


Thanks for the replies alimertin.

I've currently got my mine set to 50% drawdown as I said. However, I have set the 'CalculateLotsMode' set to 'Percent from balance' which I have then set as 0.5%.

I haven't specified a max number of open orders - the default is 1000. Does this mean as it currently stands, I COULD (in theory at least) have 200 open orders and wipe out my account (as each order is worth a maximum of 0.5% of account balance)? The manual didn't mention anything about changing the number of open orders so I just left it alone.

Am I right in assuming that the EA's stop loss will close the trade when it has gone so far in the wrong direction that my '0.5%' has been lost?

djbenny1
Aug 05 2015 at 06:35
7 posts
Been reading a bit more about this - I really need to do some proper educating myself on this so I fully understand what the EA is doing!!!

If I initially leverage 0.5% of my account (let's say $50 on a $10000 account) 1:100, that would make my order $5000??

A 200 pip shift in the wrong direction triggering the stop loss would mean my $5000 becomes $4900, therefore I lose 1% of my account despite only leveraging 0.5% initially.

Is that correct?

alimertin172
Aug 05 2015 at 07:14
61 posts
yes you are right , 200 pips İS NEARLY EQUAL TO %2 -2.4 loss and you may lose %! but this BABY has %97-99 win ratio and it is more stable than OTHER EAS . no open trades at the same time more than 3 or 4 . I am sure about this. 23 to 24 trades per month . ı use fixed lots and ı will change it every week . it can be lots scaling, and percentage of balance works proparly . VPS eats and beats all the chicken and spits out bones,cartilages and scraps...:)) so VPS is a must in this PRO EAs.

alimertin172
Aug 05 2015 at 07:17
61 posts
if your balance is 10.000 usd dollars YOU CAN LOSE 100 or 120 usd .but this has 3 out of 400 chance less than %1 . > = % 0.75 as seen in trade history. 😄

pendana (pendana)
Aug 09 2015 at 06:25
4 posts
I started with CTP in early July 2015. I am at 88% win rate. The draw down so far is 28% which is high. The gain in profit was 39% for July. August is -2.17% no profit. I remaining positive may have lower lot size due high draw down.

alimertin172
Aug 09 2015 at 07:26
61 posts
Dear pendana I think you are lucky about passing 200 pips drawdown and using 4 times higher risk here after that loss about out of 27 trades 24 win ..and you win %39 congratulations . in my opinion in your risk altitude %14 for each trade %30 to %40 draw down is normal cos it is floating and you can never lose more than %22 if a -200 pips one trade occurs.so relax and have fun . you are a sacred person . i hope we never get -200 pips loses for at least a long time like 6 or 8 months ))

4xtm
Aug 14 2015 at 14:16
5 posts
will this ea work on fxcm for us customers ?

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