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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

ozboy (ozboy)
Sep 09 2015 at 07:16
29 posts
DD too high, I closed AUDUSD with -$2,500.
Two large positions, both go to the same direction, looking not good.
Too risky to hold them.

Tried to reach Doug, but no response.

Sep 09 2015 at 13:46
202 posts
What do you want from Doug? Everything as planned.
-2500usd, wow. You probably use lotsize like 3 lots or so.

webdude2000 (webdude2000)
Sep 09 2015 at 13:47
36 posts
The positive trend up on both pairs is amazing and probably unforseen. A trend change is now a potential which will hopefully save these trades.

I have to be optimistic as with the brilliant run on the last set of trades I changes my lot size to high risk and am now at risk of burning my acc. I never seem to learn....

Doug must have reason for the sell trade and hopefully the AUD weakness will kick in soon.

This is still the best system of many that I have tried.

javforex (javforex)
Sep 09 2015 at 13:49
25 posts
Worried as well. Still had my positions opening. Fingers crossing very hard for a reversal...

Sep 09 2015 at 17:50
84 posts
I respond to emails as soon as I can. You must be patient.

In terms of this looks like we are at top of channel and it has strong resistance.

Sep 10 2015 at 06:05
1 posts
I think both trades are going to Bearish and now going down. Hopefully, tomorrow we will see the downtrend obviously. Believe in this EA!

javforex (javforex)
Sep 10 2015 at 06:13
25 posts
Is it just me? I just got a very large trade on EURCHF, 30lots, without stop loss. Anyone faced the same thing?

Panicking right now... 😕

Sep 10 2015 at 06:30
2 posts
I'm learning how to trade and I have been taught to aim for initially 1:1 as target 1 and then 2:1 risk reward as target 2. Now the EA does not come anywhere near this, SL 200pips with an average win of 11.5 pips and maximum win of just 52 pips.If I have a sL of 200, my risk, I expect to get at least 200 pips in reward So, please can it be confirmed that there could be many trades between 0 to -200 pips drawdown with the ultimate hope of winning just 11.5 pips on average on each trade?
This looks a very emotionally stressful way to have trades open, but are you all OK with this?

I'm new to my fxbook and not sure if I can find out how many trades I must allow to have open to ensure I hit the published profits. I would not risk more than 1% of my account for any one trade.

webdude2000 (webdude2000)
Sep 10 2015 at 06:46
36 posts
As I suspected, both pairs have recovered and there is a very strong push down so a profit is on the cards.
I am going to leave my lot sizes high as I trust this system.

ozboy (ozboy)
Sep 10 2015 at 07:08
29 posts
Yes, he replied, I don't blame him at all. I was just afraid to hold the position.

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