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Flex EA 3x Retrace (By forexfbi )

The user has deleted this system.

Flex EA 3x Retrace Discussion

odomike (odomike)
Jun 23 2015 at 06:47
2 posts
I am keeping an eye on this EA. Looks promising but, I dont know what the long term profitability will look like.

Better to make little profit than to loose.
bradmanfx
Jul 16 2015 at 07:39
7 posts
right now, Michael, it is down 27%, 3 trades on 3 pairs tanking. Hope the guy has a DD cutoff.
I have this same strategy on my live account. It took the same trade as this account yesterday on eur/cad, but mine has not opened these 3 trades on 3 pairs.
I also have a 100 pip stop loss. 0.03,0.06.0.12 so I would lose about $210 per pair failing. Or $630 on a $1500 account.
MY VT=8

rodneycase (rodneycase)
Jul 24 2015 at 08:30
4 posts
Are we able to get the Flex EA settings for this?

FXtrader2010
Jul 27 2015 at 08:31
724 posts
Wow this has had a great run so far! Really impressed with this. Watching

odomike (odomike)
Jul 27 2015 at 14:34
2 posts
bradmanfx posted:
right now, Michael, it is down 27%, 3 trades on 3 pairs tanking. Hope the guy has a DD cutoff.
I have this same strategy on my live account. It took the same trade as this account yesterday on eur/cad, but mine has not opened these 3 trades on 3 pairs.
I also have a 100 pip stop loss. 0.03,0.06.0.12 so I would lose about $210 per pair failing. Or $630 on a $1500 account.
MY VT=8


I see that the three trades are still open. I have to say that it can get quite scary to think of loosing $610 out of $1500 ... that's close to half the total equity.

Will keep watching the EA though to determine if I'll invest my money in it.

Better to make little profit than to loose.
bradmanfx
Jul 29 2015 at 06:37
7 posts
I guess the USD CAD was closed out manually at about 9% loss.
The very same second the 3 floating trades closed, it opened another USD CAD position.
So I am not sure what was happening, if something was programmed into the EA or if something manual happened.
Either way, my default took the same EURNZD that this 3X took.

If anyone is thinking of trying this strategy, I suggest you stick to default. That's my 5 cents...

😕

FXtrader2010
Jul 29 2015 at 08:12
724 posts
bradmanfx posted:
I guess the USD CAD was closed out manually at about 9% loss.
The very same second the 3 floating trades closed, it opened another USD CAD position.
So I am not sure what was happening, if something was programmed into the EA or if something manual happened.
Either way, my default took the same EURNZD that this 3X took.

If anyone is thinking of trying this strategy, I suggest you stick to default. That's my 5 cents...

😕
hmmmm interesting! He was earning good swap on it LOL
Since when does this trade EURNZD? Not on recommended pairs list.

bradmanfx
Jul 29 2015 at 10:30
7 posts
click on 'summary' and you will see that EUR NZD is the pair that has the most trades on this account.
the most longs
& second most shorts
combined: most trades...

spiked_silver
Aug 24 2015 at 13:50
8 posts
BOOM. Account Blown. Really didn't see this coming :/

jonnyrich007 (jonnyrich007)
Aug 24 2015 at 15:39
72 posts
See? Grid, martingale blows accts! How many more examples do you need? It blows accounts!

Never ever ever give up!!!
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