Forex Envy Power Edition (By forex_trader_47717)
The user has deleted this system.
Forex Envy Power Edition Discussion
forex_trader_47717
Member Since Sep 14, 2011
21 posts
Apr 30, 2012 at 13:13
flopps posted:
Very interesting EA... have only just started to take a look at it and I have not bought it yet.
At first glance it looks like it would be great for broker that offers a good rebate though an IB like Cashback forex.
Anyone have any opinions on using the EA with a large account size? So that one could stay away from the 'cent' accounts. Still 1:500 leverage but a normal account with lot sizes starting at 0.01 of a full lot. What would be the recommended starting capital? 50K? 75K?
Anyway... think I'll purchase it and check it out on demo.
Cheers
We recommend starting with $240 or more if you are running Power with a pico account.
Please email [email protected] if you have any other specific questions.
Regards,
Team Envy
forex_trader_13737
Member Since Jun 16, 2010
2 posts
May 01, 2012 at 23:57
(edited May 02, 2012 at 00:03)
It Reached 13.54 lot for USDJPY and 12.18 lot for EURUSD which means two more trades to reach maximum lot 50 and it happend in the first two weeks. If it happend in the first week it won't make it. Luckly, USDJPY closed before EURUSD in the second week.
To tackle it, Use backup deposit to run it again if you were unlucky and withdraw initial desposit and use it as a backup. Rinse and repeat.
To tackle it, Use backup deposit to run it again if you were unlucky and withdraw initial desposit and use it as a backup. Rinse and repeat.
May 02, 2012 at 09:50
not 30% of DD
cmonchamp posted:
It looks like this account might have been very close to a magin call on April 10th with its 28% drawdown. Doesn't Tradfort only allow a 30% drawdown before magin call on cent accounts?
30% of free margin.
not the same thing.
should be 70% of DD...
May 02, 2012 at 14:51
You can get rebate 2.5$ per round turn standard lot.
Payment method is Liberty Reserve only.
Use the link below to open a new account.
https://my.tradefort.com/registration?b53dbbf
PM me your full name, email, TradeFort account number, and Liberty Reserve account number so I can verify the account.
Payment method is Liberty Reserve only.
Use the link below to open a new account.
https://my.tradefort.com/registration?b53dbbf
PM me your full name, email, TradeFort account number, and Liberty Reserve account number so I can verify the account.
May 02, 2012 at 15:22
offride posted:
You can get rebate 2.5$ per round turn standard lot.
Payment method is Liberty Reserve only.
Use the link below to open a new account.
https://my.tradefort.com/registration?b53dbbf
PM me your full name, email, TradeFort account number, and Liberty Reserve account number so I can verify the account.
I already have a TradeFort Flex Cent account. Can I still receive Rebates?
No ROI in a dead account
May 02, 2012 at 16:37
generally its not possible once the account is created.
you have to create it usng the link provided...
but do some search on the net...
this rebate program is 4$/round turn
https://www.bestforexrebates.net/
you have to create it usng the link provided...
but do some search on the net...
this rebate program is 4$/round turn
https://www.bestforexrebates.net/
May 05, 2012 at 09:27
roger11 posted:
cant wait to try out the power edition :D
This so called power edition on vendors site they just mention 1 system i think the account showing %300+ month is just a new account of the current system which is still @ 35% month w/ 50% Drawdown?!
May 18, 2012 at 07:53
Be careful! This EA is similar strategy as EA Toms. It is to short time.
Look for the loss:
https://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
Look for the loss:
https://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
Member Since Mar 27, 2010
10 posts
May 24, 2012 at 14:46
hi, when i read profit month: $14407.14 how many money are if it's a penny account?
Member Since Dec 09, 2011
42 posts
May 24, 2012 at 16:38
Jarora posted:
Be careful! This EA is similar strategy as EA Toms. It is to short time.
Look for the loss:
https://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
That's a very naive remark. You should actually look at the comparative drawdowns between the main Forex Envy system and Tom's EA.
The recent Euro free-fall has really shown up the flaws in Tom's EA, while it also serves to enforce how effective Forex Envy is in managing such situations. Largely, this is in Envy's diversification into 9 currencies, and not forgetting the very powerful 'Basket Take Profit' whereby lot sizes are precisely calculated such that no matter how many levels in trades opening, the EA is able to maintain the same low BTP, which helps trades close in profit with a small retrace.
Tom's EA on the other hand, requires a larger and larger retrace (110-150 pips at level 3, close to 200 pips at level 8), which makes their baskets MUCH MUCH harder to close off.
I wrote a 3-part comparison between Tom's EA on my blog. You're welcome to read:
https://www.forexpipmaker.com/2012/05/best-of-the-martingales-3-toms-ea-and-forex-envy-comparative-drawdowns/
Coming from someone who used to promote Tom's EA, I'm telling you now, Forex Envy is a mathematical masterpiece. Tom's EA is the work of a bunch of buffoons.
To live the life of the Professional Bum.
May 25, 2012 at 06:59
forexpipmaker posted:
Jarora posted:
Be careful! This EA is similar strategy as EA Toms. It is to short time.
Look for the loss:
https://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
That's a very naive remark. You should actually look at the comparative drawdowns between the main Forex Envy system and Tom's EA.
The recent Euro free-fall has really shown up the flaws in Tom's EA, while it also serves to enforce how effective Forex Envy is in managing such situations. Largely, this is in Envy's diversification into 9 currencies, and not forgetting the very powerful 'Basket Take Profit' whereby lot sizes are precisely calculated such that no matter how many levels in trades opening, the EA is able to maintain the same low BTP, which helps trades close in profit with a small retrace.
Tom's EA on the other hand, requires a larger and larger retrace (110-150 pips at level 3, close to 200 pips at level 8), which makes their baskets MUCH MUCH harder to close off.
I wrote a 3-part comparison between Tom's EA on my blog. You're welcome to read:
https://www.forexpipmaker.com/2012/05/best-of-the-martingales-3-toms-ea-and-forex-envy-comparative-drawdowns/
Coming from someone who used to promote Tom's EA, I'm telling you now, Forex Envy is a mathematical masterpiece. Tom's EA is the work of a bunch of buffoons.
I for mathematical calculations do not believe in the martingale strategy. Wait a year and see if I am surprised this EA. I think it is just a happy time.
May 25, 2012 at 12:14
In the mean time keep banking profits as FE suggest -keeping the balance working capital at a reasonable safe level to avoid MC and wait for the crash! It all about probability and some of those FE floating DDs are scary but flying is fun.........
eogorman@
