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Forex Envy v3.2 Ultra/Power (By forex_trader_47717)

The user has deleted this system.

Forex Envy v3.2 Ultra/Power Discussion

Oct 12, 2012 at 05:26
6,015 Views
57 Replies
Member Since May 24, 2010   371 posts
Nov 09, 2012 at 10:25
Yes ForexEnvy! $58,000 it the money that clients buy your EA. In PAMM account you now yield only 1% of why so few. Why do not you do not connect your Forex Envy v3.2 Ultra/Power? What are you afraid of? Are you worried that your money end in the channel. About Client money is not afraid of when you offer them your expensive EA? I think that dig your own grave.

Do not pay for such costly and risky and if you can get it for free through google. Remember the Forex Envy risk only cent accounts, but in fact, earn on the customers.
Member Since Aug 16, 2012   8 posts
Nov 09, 2012 at 11:40
Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks
Member Since Aug 22, 2009   390 posts
Nov 09, 2012 at 13:15
syedaounabbas posted:
@youngchang : Robert has every right to be here on myfxbook !! The team at Forexenvy told everyone that Envy was martingale and anyone with some experience in forex knows what martingales can do ....

You are no one to tell him to stop talking about Envy just cause you did'nt understand the risks ....

The only issue I have with current Envy versions is that one cannot justify the risks associated .... The accounts normally get blown out before recovering the original investment .... so you never make any money ....

That being said, Robert and his team are trying to improve the odds .... Users like BB have given very valuable inputs in this regard .... I HOPE ROBERT WILL INCORPORATE THE IDEAS GIVEN BY FOREX ENVY MEMBERS IN THE WAKE OF SEPTEMBER'S EVENTS ....

P.S: You can check my accounts (Real $) running envy if you want .... I lost money big time as well .... I knew the risk involved though .... so won't blame Robert for my losses ... will just ask him to work to improve the odds ....

Yes, You are right. Everyone can post on myfxbook.
But when I buy ENVY_EA, I have asked that what is the safe amount to run your EA, He said $7500.00 is OK for all his recommended pairs.
But I installed his EA on only 5 pairs for $7500.00 account, It blew about 4 or 5 week later.
I know that if I have installed his EA on $100,000.00 equity. it's OK

My point is this.
Why he misguide for his EA and He is making money for selling his EA, Not trading with his EA.
A lot of members in myfxbook and FPA lost a lots of money WITH HIS EA. BUT HE DOESN'T CARE.

Now he is searching another pray, newbie in this site and trying to sell his crap EA.
I am glad you are doing OK with his EA. Good Luck.
youngchang@
Member Since May 24, 2010   371 posts
Nov 09, 2012 at 13:40
gordongeiko posted:
Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks

You can ask for support TradeFort. They will tell you the truth. Account is: 427151
Member Since Apr 18, 2012   45 posts
Nov 09, 2012 at 16:16
Yes it's a Cents account. They only offer 1000:1 leverage to accounts less than $1000.00. He started out with $20.00 to demonstrate the low drawdown of the account and it makes the ROI look much more impressive to start out with then it tends to trickle down as the account grows unless he's changed the money management..

gordongeiko posted:
Robert, reiterating a question already asked : is your ultra account a cent account (starting balance of $20 then instead of $2000)? Important to know this, thanks
If you are makeing less than 100% a month you aren't doing it right!
ForexEnvy
forex_trader_47717
Member Since Sep 14, 2011   21 posts
Nov 09, 2012 at 16:46
That is correct. All of our demonstration accounts are cent or micro accounts based on a contract size of 1000 units per lot.

Most EAs only show performance with backtesting which can be easily exploited. Fewer use Forward demo (fake money) tests.

We choose to use REAL MONEY for our Forward tests. The reason we use cent accounts vs standard accounts is simple. WE NEVER MAKE WITHDRAWS FROM OUR DEMO ACCOUNTS. WE LET THEM GROW AND LEAVE THEM ALONE, so the money we place in them is throw away money. We will never see our initial deposit again. So why spend $100,000 on standard accounts for all of our tests when cent accounts will do the job with $1,000?

If someone is using a standard ecn account they will have BETTER performance and less Drawdown from the tighter spreads than our cent accounts. If this account was started with Synergy fx as a standard account with $2,000 and 500:1 leverage the account would be at $40,600 or higher. That is a fact.

Our PAMM is using low risk settings and has NO PERFORMANCE FEE, SO WHY GIVE US A HARD TIME OVER IT? It is free to all and I don't see how anyone can fault us for offering a free PAMM started with our own money.

Robert


Jarora posted:
Yes ForexEnvy! $58,000 it the money that clients buy your EA. In PAMM account you now yield only 1% of why so few. Why do not you do not connect your Forex Envy v3.2 Ultra/Power? What are you afraid of? Are you worried that your money end in the channel. About Client money is not afraid of when you offer them your expensive EA? I think that dig your own grave.

Do not pay for such costly and risky and if you can get it for free through google. Remember the Forex Envy risk only cent accounts, but in fact, earn on the customers.

Member Since Aug 16, 2012   8 posts
Nov 09, 2012 at 23:39
ok i get the point of letting the account compound, but for sure with such high risky strategy, only a cent account can do the job, right? 😉
Member Since Oct 22, 2011   4 posts
Nov 10, 2012 at 07:13
Hello, Can you tell me when will it be released, and how much will the new version cost? thank you
ForexEnvy
forex_trader_47717
Member Since Sep 14, 2011   21 posts
Nov 10, 2012 at 15:58
Gordongeiko: We recommend everyone who is starting with Ultra Mode run it with a cent account first to get use to how Ultra trades. You can start a cent account with $20-$1,200 and make the same return.

I am sure in time members will begin to trade Ultra with standard accounts once they feel comfortable running Ultra Mode. No one should use this strategy with all of their investment capital for obvious reasons. We recommend using 3-15% of your investment capital with Ultra Mode.

Yaronrosin: Version 3.3 (with Ultra Mode) will be released this month and it will be free to all new and existing Forex Envy members.

Regards,

Robert
Member Since Aug 17, 2012   49 posts
Nov 11, 2012 at 17:56
DD - 71% !!!
Member Since Apr 18, 2012   45 posts
Nov 12, 2012 at 01:08
jpm_research posted:
DD - 71% !!!

That was when it had a VERY low balance.. I don't think you'll see anything near that high again. Unless the world economy collapeses. They've increased the tolerance for long trends but not eliminated the risk of a really long one. But they do say a worst case scenario is losing up to 15% of your balance and given a ROI of 1000's of % per month I think I can handle a occasisional 15% loss. I just hope that they can maintain at least most of the ROI as the account grows. It looks they are saying to expect the same returns till it gets past $1200.00. I'm guessing that will be about mid to late December.
If you are makeing less than 100% a month you aren't doing it right!
Member Since Sep 15, 2011   20 posts
Nov 15, 2012 at 21:01
Yet another ver of Envy Blows up again on USDJPY this account will soon be deleted from myfxbook
eogorman@
Member Since May 24, 2010   371 posts
Nov 16, 2012 at 07:00
THE END Forex Envy! Blow account again!
NairSys
forex_trader_89693
Member Since Aug 31, 2012   54 posts
Nov 16, 2012 at 09:55
tneedham posted:
jpm_research posted:
DD - 71% !!!

That was when it had a VERY low balance.. I don't think you'll see anything near that high again. Unless the world economy collapeses. They've increased the tolerance for long trends but not eliminated the risk of a really long one. But they do say a worst case scenario is losing up to 15% of your balance and given a ROI of 1000's of % per month I think I can handle a occasisional 15% loss. I just hope that they can maintain at least most of the ROI as the account grows. It looks they are saying to expect the same returns till it gets past $1200.00. I'm guessing that will be about mid to late December.

didn't take much time to repudiate your claims..
Member Since Apr 18, 2012   45 posts
Nov 16, 2012 at 10:12
NairSys posted:
tneedham posted:
jpm_research posted:
DD - 71% !!!

That was when it had a VERY low balance.. I don't think you'll see anything near that high again. Unless the world economy collapeses. They've increased the tolerance for long trends but not eliminated the risk of a really long one. But they do say a worst case scenario is losing up to 15% of your balance and given a ROI of 1000's of % per month I think I can handle a occasisional 15% loss. I just hope that they can maintain at least most of the ROI as the account grows. It looks they are saying to expect the same returns till it gets past $1200.00. I'm guessing that will be about mid to late December.

didn't take much time to repudiate your claims..

You seem to have overlooked the part about the long trend problem still not being fixed yet. I have only what I've seen to go by, I would have never guessed that they had such a sharp edge to their operating range. They went from a very low drawdown to bust with a shockingly low narrow movement. In spite of this setback I still think that they will eventually realize that you can't count on a regression and start just tradeing with the market no matter what it's doing.
If you are makeing less than 100% a month you aren't doing it right!
Member Since Dec 22, 2011   18 posts
Nov 16, 2012 at 11:39
And I almost, almost, bought that.... phew....😁
Member Since May 08, 2012   321 posts
Nov 16, 2012 at 14:11
I don't know why I come to their defense. Keeping more people out is probably better for me. The point you all miss is that there are a variety of ways to run FE. There is constant clamoring for greater returns, and with greater returns there are greater risks. The Power/ ULTRA is a prime example of one way to run envy at extremely high reward and higher risk. Frankly the ignorance sometimes amazes me. All the ignorant do is to look at the far right edge to see that it blew out. “WOW, good thing I didn’t buy that!”. Now back up the chart to November 9th. The system did almost 2,000% in under 1 month!! If you would have practiced the money management that FE also preaches, and transferred your profits out DAILY, look at the money you would have had when the account blew out! You’d have had tons of profits AND the seed money to restart the account. If you trade any forex system by letting all profits ride, you and all your money will soon part company. Could the account have blown out the first day, or week? Absolutely. Welcome to Forex.

I am, and have been running the plane Jane Envy 2.4, long cycles only. My set files are configured for 200:1 leverage while I actually have 300:1 on the account. This gives me less overall gains, but more breathing room in those occasional trying times. I’ve done over 100% in 6 months.

https://www.myfxbook.com/members/Michigander/forex-envy/304859

So how much is enough?? It really comes down to an honest discussion with yourself about what you expect as a return and what amount of risk you can sleep with.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Member Since Apr 18, 2012   45 posts
Dec 13, 2012 at 15:01
2 accounts crashed one twice but restarted with proceeds from profitbackforex.com lowered risk factor to .5 and everything has been running fine ever since even with one of them at half the recommended lot size and the other one at only 10%. It doesn't matter how much you make if you can't keep it.







If you are makeing less than 100% a month you aren't doing it right!
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