Forex Envy Power Edition Discussion

when this version will be released... but you can get the current version now and you'll have the power edition when released.

Not updated since 6 hours! Why? Maybe a very dangerous situation for USD/ GBP! I hope, the account will not crash now!!!

I would love to see a PAMM account with the forex envy power edition :)

it would be great to see here the amount of drawdown by pair. in other words, for every significant dd period, what is each pair's contribution to it? how would i use this information? well, we can see that there is a wide gap between the most profitable and least profitable pairs. so should i drop the less profitable ones even though they do produce some profit? well, if they contribute a lot to the dd's, then i might drop them if the risk is not worth the reward. otherwise, i might not. knowing the dd by pair would allow me to analyze that and make a proper decision. thanks!

This is a great EA for me so far 😎

Is this available for purchase yet?

Not yet, but evidently getting close. Keep your eyes peeled over the next week or two.

   doegie posted:
   it would be great to see here the amount of drawdown by pair. in other words, for every significant dd period, what is each pair's contribution to it? how would i use this information? well, we can see that there is a wide gap between the most profitable and least profitable pairs. so should i drop the less profitable ones even though they do produce some profit? well, if they contribute a lot to the dd's, then i might drop them if the risk is not worth the reward. otherwise, i might not. knowing the dd by pair would allow me to analyze that and make a proper decision. thanks!

the mt4i.com site offers an hourly DD.
https://www.mt4i.com/users/envy-live-bfr

for sure the risk is higher when 2 or 3 pairs suffer a big DD at the same time.
but anticipating which pairs will cause this issue is not predictable.
you can disable 1 pair, but you'll suffer a problem with another one... and at the same time you'll reduce your profit.
its better to keep the EA as-is.

personally I suffer an issue with usdjpy + eurusd + eurjpy; another big DD with gbpusd + usdcad; nzdusd takes another DD at another time.
so as you can see its not so simple, and higher the DD is higher the following profit is...

Yes . it is a very good Ea . I think that forex envy EA will soon be on top of all EAs . :)

   sheriftaher posted:
   Yes . it is a very good Ea . I think that forex envy EA will soon be on top of all EAs . :)

https://www.myfxbook.com/members/sheriftaher/forex-envy-longshort-cycle/313679

   Jarora posted:
   

   sheriftaher posted:
   Yes . it is a very good Ea . I think that forex envy EA will soon be on top of all EAs . :)

https://www.myfxbook.com/members/sheriftaher/forex-envy-longshort-cycle/313679

480$ is 4 times lower than the minimum recommended by the FE team... no surprise to see the account killed in the week.

and now the lot minimum opened is 0.1!!!! wow.
everything to make sure the account will be killed in less than 1 day.

the rule #1 is: follows ALL the FE Team recommendations.
you open a smaller account than recommended? your problem.
you open lot size higher then recommended? your problem
you let the short cycle opening trades while they recommend to deactivate it for the week? your problem

   Jarora posted:
   

https://www.myfxbook.com/members/sheriftaher/forex-envy-longshort-cycle/313679

I think you are so greedy bro.
In $920 for deposit in 8 pairs with the lot minimum opened is 0.1

Its not fantastic but disaster 😭

i've got a short question about the behavior in USD/JPY on 10th of April. I don't understand why the Envy Power Bot doesn't close the trade in its 13.xx lot at around 10 pips +, that would have been way enough to make sure to close alle the baskets positive. Instead, what it does is that it continues to stay in the market open with a huge lot size knowing that a drop once again could eventually result in a Margin Call until it reaches above 30 pips.

Sure, thus the bot makes over 50% gain with just this basket, but it could have easily been the other way round -> MC. Seems very risky to me, especially that the bot doesn't close the trade as I said at around 10pips, that wouldve been a gain of 15% percent, enough to close all the baskets positively.

so my question would be how the power envy decides to go on with a trade and when it will be closed. it doesn't seem to me that it recognizes the equity and its risk it has been after it has opened the 13.xx basket. because this was a real emergency with a drawdawn of 28% for one time, every pip couldve increased it by 2-3 percent more. so my problem here is i don't see the bot understanding and seeing the problem and therefore closing the trade earlier as it has been.

could you explain this behavior to me?

hi guys
can any one tell me why no money has been taken out of this acct ,(into the saving acct)

   stuart48 posted:
   hi guys
can any one tell me why no money has been taken out of this acct ,(into the saving acct)

well
its only 50$
so they don'T really care ;)

   infest posted:
   i've got a short question about the behavior in USD/JPY on 10th of April. I don't understand why the Envy Power Bot doesn't close the trade in its 13.xx lot at around 10 pips +, that would have been way enough to make sure to close alle the baskets positive. Instead, what it does is that it continues to stay in the market open with a huge lot size knowing that a drop once again could eventually result in a Margin Call until it reaches above 30 pips.

Sure, thus the bot makes over 50% gain with just this basket, but it could have easily been the other way round -> MC. Seems very risky to me, especially that the bot doesn't close the trade as I said at around 10pips, that wouldve been a gain of 15% percent, enough to close all the baskets positively.

so my question would be how the power envy decides to go on with a trade and when it will be closed. it doesn't seem to me that it recognizes the equity and its risk it has been after it has opened the 13.xx basket. because this was a real emergency with a drawdawn of 28% for one time, every pip couldve increased it by 2-3 percent more. so my problem here is i don't see the bot understanding and seeing the problem and therefore closing the trade earlier as it has been.

could you explain this behavior to me?

the EA is perfectly balanced.
the larger trades provides the better results.
I got big jumps too and I'm happy with this.

if you dislike, you can reconfigure the EA to make sure the larger batch of trades are closed few pips sooner. you'll just have less profit. but like you say, little risk too.
its your choice.
but you can get the MC without having a jump to the high before.. so I prefer to get the maximum profit when I can.

well i didnt know that this is a 50 $ dollar real account.

on such a low account it's normal to risk more, but would you also trade this account on a 5000$ dollar account which you have saved the money up in order to make money on the forex market? i doubt it... it's just very risky.

of course, there are many martingale systems out there which allow you to double or triple your account in just 2-3months, but this kind of trading is similar to a ticking time tomb. you don't want your big pile of money to stack on a fragile ground. always in hope that it overlasts even normal market fluctuations. It's fair to say that if you want to make safe money with such a system you either have to have loads of money (at least 10k cent account) or you simply lower the risk and the profit as well, but you are more on the safe side.

one thing i dont get is why you say the larger trades provides the better results. why should the bot trade worse in the beginning and then start to trade correctly when it comes down to it? if you think all in all its LUCK that decides over money or MC, of course youve got 50% gain with this trade on april 10th, but 20% wouldve been also enough to close all baskets in an all in all positive trade. what if it has hit 30pips and then dropped to - 40 pips.... this would have been the end because of greediness...

simple... this is not trend follower EA.
the system didn't try to identify the trend using anything complicated. when the market move in 1 direction for more than X pips, then the EA trade in the same direction.
most of the time its true.
so most of the lot traded when the short cycle is used are 0.01 to 0.03.
sometimes the trend go in the opposite direction and the martingale 'really' starts... I can see some batch of 0.5 to 1 lot, but again they are close in profit at this level.
in rare cases the trend continues and then you hit 2 to 13 lots... its where you pray :)

but the EA is ver good and perfectly balanced. its not like doubling the lot size, its more than this and its where the success is.

for sure you can get a MC
but you can get MC using a lot of EA on the market too, and not only martingale systems... genial invest to not name one ;)
at least I got profit with FE.

Lets get realistic fellow traders 😎

Its the perfect EA to trade peanuts and feel sooo good to see money(cents!!!!) streaming in..

For serious traders, trading more 'adult' accounts, its ofcourse a NO GO for the above mentioned reason.

The plan to take out the profit on a regular basis doesnt prevent you to get hit and lose the account by margin call right on the first trading week, before you even took out a single penny of profit.

Its a 'desperate housewife trading plan'...😉