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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

Boogieman
Sep 10 2015 at 07:08
7 posts
Just you. He doesn't trade the EURCHF on th Channel Pro

Boogieman
Sep 10 2015 at 07:08
7 posts
@Teledav This may not be the right EA for you. He never goes for 200 pip profit; only 100 pips, and usually much less.

He uses the 200-pip SL to give plenty of breathing space for his trades. Occasionally, he takes a big 'hit,' one time, almost 25% DD. On the other hand, he has shown a very high win-rate.

From my vantage point, this EA is suited for choppy markets, but will take hits in strongly trending markets.

May be worth trying on a demo first, then see if it suits your emotional make-up and trading style.

Limiting your risk to 1% requires a trending pair with lots of momentum behind it in the direction of your trade. This EA is not based on that kind of trade methodology.

zyrt
Sep 10 2015 at 12:12
202 posts
@Boogieman Are you sure -200 pips is -25? It seems that the risk has been reduced much (lotsize/usd per pip)

@ozboy so you lost 2500 usd because you got scared (as it closed profit)? I understand, even if you should not have done this, everything as planned. But still brain is weak and this is understandable. What will you do now? As -100 and even -200 will happen. Will you reduce risk? Or again at -100, close?

Thanks

Boogieman
Sep 10 2015 at 12:41
7 posts
@zyrt Not sure what you are asking. Routinely, the Channel has a 200-pip SL and a 100-pip TP. I actually had a 100-pip TP in August on one trade.

I have not experienced a 200-pip SL, but I suspect there will be one (or more) in our future, so I limit risk to 3%.

ozboy (ozboy)
Sep 10 2015 at 12:41
29 posts
I was about to departure and 5 hr flight. So, I decided to closed one trade and leave one trade.
Running CTP on 4 accounts. risk mgt: 0.5, max lot 3.
It will recover, slowly.

zyrt
Sep 11 2015 at 12:57
202 posts
@Boogieman Sorry. I mean I think vendor lowered the risk as -200 pips used to cost 25% of the account, but now it is much less. So less risk less DD less performance. So I say value per pip was lowered. Do you agree?

@ozboy Sure, your choice. 4 accounts? You might diversify more. But hard to find good EAs/signals! But maybe you have 100 accounts then CTP in 4 is good diversification :)

javforex (javforex)
Sep 11 2015 at 13:00
25 posts
ozboy posted:
I was about to departure and 5 hr flight. So, I decided to closed one trade and leave one trade.
Running CTP on 4 accounts. risk mgt: 0.5, max lot 3.
It will recover, slowly.


I still believe things will work out for CTP. His methodology may not suit anyone, especially those that cannot stomach negative big open trades. But his result has proven that his method will eventually turns favorable, more than 92% of the time.

On a separate note, I guess I'm the only one that was hit with the EURCHF unusual trade. Definitely not from CTP, and suspicious of the VPS installer or the broker. Anyone used his recommended installer and Synergyfx? How was it?

fxtrader10
Sep 12 2015 at 14:53
226 posts
ozboy posted:
I was about to departure and 5 hr flight. So, I decided to closed one trade and leave one trade.
Running CTP on 4 accounts. risk mgt: 0.5, max lot 3.
It will recover, slowly.


I did the exact same thing as you at the beginning when I thought oh crap! I realised I did that because I was not comfortable with the DD. So what I changed was my lot size to a level where the max DD made me more comfortable.

If I hadn't, I'd have a really big account size by now but hey ho, I'm not having to constantly look at the trading screen.

Almogahed2016
Sep 12 2015 at 18:41
47 posts
Hello all,

it just buy licence two weeks ago , it's really good EA

I see there is chance to get more profits due to DD still not exceed 20%

I just have two questions about EA settings:

from your experience with channeltraderpro ,

in the settings, for calculating lot size ,,,, lots mode = percent by balance, there's no full details in the manual

https://gyazo.com/af6ee201f239a6c9a8f2c168dfdfdd25

1- How shall I put in max risk to get expected monthly return 60-80 if my balance let's say 1k ?

2- another question , let's assume , I have balance of 1 k , and choose percent by balance , and max risk is 10 , how much lot size

would be ?

Thank you








Pachino
Sep 15 2015 at 06:10
51 posts
because myFxbook is outdated
  There are two transactions closed and 1 open

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