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Forex Envy Power Edition (By ForexEnvy )

The user has deleted this system.

Forex Envy Power Edition Discussion

BealBull
Apr 24 2012 at 02:28
102 posts
Interesting idea. So you keep the TE set files for the more aggressive Short charts and have increased the Initial Lots to 0.02 for the more conservative Long charts? Did you do that for all 9 Long charts?

Yes Envy 3.0 and Power Envy will be interesting. If I can get 40% ROI per month and feel confident there is sufficient Head Room, then the probability of a StopOut becomes very small and acceptable.

No ROI in a dead account
willgart
Apr 24 2012 at 02:32
588 posts
I set the long cycle between 0.02 and 0.03 regarding the currency.
I'm around 4000% of free margin most of the time.
the rebates I got also help me.
for the short cycle, the rebates double the wins.

BealBull
Apr 24 2012 at 02:50
102 posts
Hi Will,

How do you get the rebates and how are they calculated? Is that something InstaForex does and credits to your account? They use a non standard Lot size of 10,000. if I may ask are you running a penny or dollar account and standard, mini or micro, what leverage?

Will compare it to these where I have used a standard account balance of $1,000 which is the investors funds plus the Bonus. Looks like I need to add Broker rebates to the Envy calculator.

InstaForex does generate the highest HeadRoom because of the 600 Leverage but it's deposit Bonus is smaller than TradeFort.

Attachments:


No ROI in a dead account
willgart
Apr 24 2012 at 03:07
588 posts
I'm using the micro account, not the cents one.
the leverage is at 1000 for the moment.
and the rebates come from cashbackforex, which is 1.3 pips of rebates...
paid every 2 days in the trading account directly.

The rebates is 30% of the money wins from the trades in april.
with a mix of long + short cycles.

and only 10% of rebates in march with the long cycle only.
so the impact of the short cycle is big. maybe I'll run the short cycle only...

you can see the rebates in the official live accounts based on instaforex. all the small deposits...
in march... 9731$ win, 2300$ of rebates...

BealBull
Apr 24 2012 at 03:37
102 posts
Excellent. Thanks. Will have a closer look at the InstaForex statements.

Figured out one thing they did to Envy Trading Point to boost the ROI. BaseLotSize was altered form 0.01 to 0.02 from when the account was opened, 30 Dec 2011, until 4 Jan 2012. That was what caused the rapid initial growth you can see on the chart. From then on it was set back to the standard 0.01.

Can't tell from the statement if it was just the Longs. Suspect it was across the board as ALL trades in that period started out with a 0.02 Lot size.

They did an initial deposit of $90 on 12.30.2011 08:59 and a top up deposit of $27 on 01.04.2012 08:55. The first 0.01 opening trade was 01.04.2012 15:51. So it seems using 0.02 opens with a skinny balance (low HeadRoom) was not a good idea. They had a max $58.00 DD event 01.06.2012 which was probably caused by the earlier more aggressive 0.02 opens.

My concern is to learn how Envy scales / compounds with increasing account Balance. So far it seems Envy is a fixed size Lot trader and only scales, takes advantage of increased account Balances via new set files. Other than installing new set files, there is no compounding, which to me is one of the main attractions of Forex and the high liquidity.

No ROI in a dead account
BealBull
Apr 24 2012 at 04:25
102 posts
Here is a study of Envy's loss recovery order size increases:

Symbol Power Trading Mine
EURUSD 0.01 0.01 0.01
EURUSD 0.01 0.01 0.01
EURUSD 0.02 0.02 0.02
EURUSD 0.03 0.03 0.04
EURUSD 0.05 0.05 0.06
EURUSD 0.08 0.08 0.12
EURUSD 0.14 0.13 0.23
EURUSD 0.25 0.22 0.43
EURUSD 0.44 0.38 0.83
EURUSD 0.77 0.66 1.57
EURUSD 1.35 1.14 2.90

Shows Envy Power is more aggressive when sizing Lots for loss recovery than Trading but not as aggressive as my settings. Not by a lot but maybe that is all it takes. My larger Lot increases may be due to having a lot more HeadRoom to handle the necessary margin requirements.

No ROI in a dead account
BealBull
Apr 24 2012 at 06:22
102 posts
I have taken the data from the 4 Envy accounts and sorted it to show the best $/trade broken down in 4 ways. Sure shows that some symbols and trade directions are making a lot of money and other are not doing as well. Enjoy.

Attachments:


No ROI in a dead account
BealBull
Apr 24 2012 at 06:32
102 posts
bad post

No ROI in a dead account
BealBull
Apr 24 2012 at 06:42
102 posts
Sorted by best $ / Trade / direction / account.

Ranges from:
Power.....USDJPY.....Buy.....$0.695 / Trade
Longs.....USDJPY.....Sell......$0.320 / Trade

down to:
Trading....GBPUSD....Buy....$0.019 / Trade
Trading....USDCAD....Sell....$0.016 / Trade

Attachments:


No ROI in a dead account
BealBull
Apr 24 2012 at 07:18
102 posts
Results in real $ per Envy account:

LS..........$683.32 P/L....$0.059 / Trade
Short......$594.43 P/L....$0.082 / Trade
Trading...$332.71 P/L....$0.046 /Trade
Power.....$221.23 P/L....$0.090 / Trade

Power achieves almost twice the $ / Trade as does the average of LS and Trading @ $0.052 / Trade.

No ROI in a dead account
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