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Forex Envy Power Edition (By ForexEnvy )

The user has deleted this system.

Forex Envy Power Edition Discussion

Financialarts
Sep 17 2012 at 18:56
134 posts
painfull :)

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
CodeNameTBW
codenametbw (codenametbw)
Sep 17 2012 at 19:55
32 posts
and so...the mighty Forex Envy Has fallen... As so many other great ea's before it has. the moral of the story is, All forex systems fail eventually manual amd auto. What you need to do is take out monthly withdraws of every month and get back your deposit then just enjoy monthly payments until it fails and when dose you lose nothing.simply right? Hied my word trades, I'M T.B.W Know My Name And You shall Know Victory!

willgart
Sep 17 2012 at 20:03
588 posts
I dont see any failure here in the EA.
its a martingale, its designed to produce a margin call sooner or later (we prefer this option :))
and you know what? we hit a MC... wow... what a suprise... exactly what the EA plan to do at any time!!!
sorry, I dont cry, the EA is great, correctly balanced etc...
and I continue to use it, remember the recommendations?
* play with half your capital only, if you hit a MC, restart using the saving account
* withdraw at a regular basis the profit

thats it
follows the FE (and any martingale) rules and you'll win.

CodeNameTBW
codenametbw (codenametbw)
Sep 17 2012 at 20:49
32 posts
willgart posted:
I dont see any failure here in the EA.
its a martingale, its designed to produce a margin call sooner or later (we prefer this option :))
and you know what? we hit a MC... wow... what a suprise... exactly what the EA plan to do at any time!!!
sorry, I dont cry, the EA is great, correctly balanced etc...
and I continue to use it, remember the recommendations?
* play with half your capital only, if you hit a MC, restart using the saving account
* withdraw at a regular basis the profit

thats it
follows the FE (and any martingale) rules and you'll win.

that's basically the same thing i said. :(

tneedham (tneedham)
Sep 18 2012 at 01:02
45 posts
Are they really starting over with $10.00 Wow now that's confidence.. I've seen the phrase 'Correctly Ballanced' used quite a bit.
I think it would work better if the bias was with the trend instead of against it. That way the blowouts would NEVER happen.
Plus they could use larger lot sizes and make money even faster. It would really be great if they would work with the Total Grid people and merge the best of both programs..

If you are makeing less than 100% a month you aren't doing it right!
willgart
Sep 18 2012 at 01:23
588 posts
tneedham posted:
Are they really starting over with $10.00 Wow now that's confidence.. I've seen the phrase 'Correctly Ballanced' used quite a bit.
I think it would work better if the bias was with the trend instead of against it. That way the blowouts would NEVER happen.
Plus they could use larger lot sizes and make money even faster. It would really be great if they would work with the Total Grid people and merge the best of both programs..


and how many times I'm reading this 'going with the trend'. this is called a perfect EA. and this doesnt exists.
and which trend? which MA on which TF will define the trned? you can found at any time 2 different trends... 1 up and 1 down.. which one to choose?
remember its a martingale, and the strategy is simple with a martingale, start with a signal, no matter which one, then open the trade and starts the martingale...
you can found a sample code on mql4.com where the entry point is just a random number! and the result is quite impressive.
FE as a sizing strategy which differs from most of the martingale on the market which just double the size, here the size of the trades is better balanced based on statistics.

there is some improvement to do for sure.
if you can find a perfect trend, please share your strategy, I tried 20+ of them, no one works so easily.

tneedham (tneedham)
Sep 18 2012 at 04:07
45 posts
Ok look at Monday's EURUSD high as compared to the previous one. Only about 10 pips higher. Usually that's a pretty good indication that the trend has reversed or is about to. You could put several positions at the highest high you can get and put various
trailing stops on them to take advantage of the long and short trends. And you could do the same with the lows and positions in between. In the middle is the tricky part. Lets say you have a position that looks like it's not going to pay off any time soon if ever
You could just take a loss OR you could open 3 hedges one to take advantage of the new trend and 2 to reverse the loss till they
reversed then you could close them with trailing stops. And doing this you could use pretty significant lot sizes. But to do this would require constant monitoring of the account and that's pretty much impossible to do manaually. FE is only a few steps away from being able to do exactly that.. Using this technique I made $1500 from $50 in 24 hours. But it's exausting! And when you get tired you make mistakes and loose it all. One day I made $14,500.00 and lost it all the next day. I'm not content with a few % a month ROI I want some REAL Gains. I've proven that it's possible on only one pair. With multiple pairs and automation it should be even more profitable.

If you are makeing less than 100% a month you aren't doing it right!
henryzhong (henryzhong)
Sep 18 2012 at 09:19
6 posts
What a pity! I just watched it and it blown.
But a Martingale system is not to have a giant profit, it should start small in order to bear the wave.
And I can't understand what the point is to have multiple pairs for one system. If one pair can survive, why not focus for one pair with larger size.

We do not guess, we follow.
Revlis (Revlis)
Sep 18 2012 at 09:20
8 posts
I'm a 'newbie' and hence this question has probably raised many time before!😕
What is the implication of manually closing a trade?
Closing a highly profitable trade?
Closing a losing trade?
Closing off a complete currency pair?
I am currently looking at a large positive GPBUSD with lot size of 26.43 in profit of about $87. If I close this manually, will it unduly impact on other trades. It is still quite a way from take profit. Am I better off to simply let the system run its own course and close the trade on the system basis without my intervention? 😄

iceberg
icebotfx (icebotfx)
Sep 18 2012 at 21:17
5 posts
The miracle did not happen.

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