Channel Trader PRO Discussion

Sound right, I am learning how to use the risk by ratio option instead of fixed lot. but too little trade cannot test it out. Anyone use the risk by ratio here ? How that's work ?

cpyu99 posted:
Sound right, I am learning how to use the risk by ratio option instead of fixed lot. but too little trade cannot test it out. Anyone use the risk by ratio here ? How that's work ?

Well, check the statistics. Average loss is seven times bigger than average win. That is kind of ok if the winning ratio is 98% but if you check the performance of the EA during the last two months that proportion is not the case at all.

In other words, if you want to win a reasonable profit per month you have to put at risk an inmense part of your capital…and so far the results are disappointing.

Personally, once the deal open is closed (and I am afraid will be with another loss) I put the EA to sleep until I see the performance comes back in track. However I do not believe this will be the case.

Let's face it. The performance of this EA is literally impossible (Without huge equity swings, of course).

'In other words, if you want to win a reasonable profit per month you have to put at risk an inmense part of your capital'

If you risk an immense portion of your capital you will be headed to blowing your account no matter what EA you use. No matter the win rate. An EA or a system with a 60% win rate can be very profitable if the user has good money management and good psychology. A psychology like the turtle who takes it slow and steady. This trying to be a millionaire tomorrow psychology or 'win a reasonable profit per month' psychology is like trying to be the rabbit and run fast and get there tomorrow. You're gonna get burnt out. Some of the best fund managers on Wall Street only doing 60-80% a year for their clients. That's an average of 5%-7% a month. They risk 1% or 2% of their equity per trade. They've already done the 'immense part of their capital' mistake and had their never ever again moment.

There is only one optimal percentage of your account to risk per trade and many suboptimals. And 2x the optimal will just break even and anything more than that will lead to you losing money even with a 90+% win rate system. The order you win or lose in doesn't matter. When using an ea you're sole job is money management and risk management.

If you don't agree or don't understand what I'm saying Google or YouTube the Kelly Criterion or Kelly Curve

Damn, this is turning into another Rev Trader EA.

raviluke posted:
Damn, this is turning into another Rev Trader EA.

Wait for new product 😝

If you use CTP and VTP together , you will got double loss like me.😁

hello guys i am new here. should i buy this EA or wait for some time and watch? Cus it seems its not been trading gor some time after the last losses...

Thanks.

wait a moment first.

Hello. Is it available for free anywhere or in autotrade only? Thanks!

No.. it's not free.. www.channeltraderpro.com/indexPP.html to get your copy.

Date of publication EA's myfxbook 25 June 2015. After the date of publication: winners: brokers and author previous post. losers: EA buyer (loss: 4.07% of total assets + the cost EA).

All the systems under 'Doug Price' last for a couple of months then become rubbish and he simply creates another one and repeats the cycle..

I dont agree.. VTP already 30 months.

Weird, the EURJPY trade today did not execute on my platform 😞

I have the same issue with the eurjpy.
I have contacted Doug and he said the pair should be in the main list.
It was the case but it is still not working.

Anybody has an idea?

I have the same problem with the current EURJPY, it shows in the master open orders but did not place a trade in my system. I see from the MT4 journal it is trying to place a 2 lot trade which fails as I do not have enough money in the account. I will need to check the setting as I had set it to 0.05 but I see now that it is set to lot scaling and not custom lot which is very weird.

dammit, it now placed the trade but far too late. Hopefully it will go down further.

So the answer is check the lot size and whether the EA is set to lot scaling.

if your lot sizes are set wrong, it won't trade. If still having issues, email me.

The problem is Doug Price has too many similar products. Some perform good for a while and then become earning like 1% per month. It's difficult to see which EA can really work long lasting. Yet the results are all real.