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Forex Grid Trader EA (by gwilym)

The user has deleted this system.
kookoo (gwilym)
Oct 23 2012 at 23:14
76 posts
Hi - you can buy the EA here:

https://498efcu8zf2obo5d2cqq57qbub.hop.clickbank.net/

Here is the old forward test. I closed that because the broker was being strange and started this one.

https://www.myfxbook.com/members/gwilym/forex-grid-trader/354179

kookoo (gwilym)
Nov 07 2012 at 23:22
76 posts
Recent volatility very good for this EA !! amazing gains this week..

kookoo (gwilym)
Nov 08 2012 at 18:47
76 posts
They may be free but there is no verified track record for those EAs. I guess thats why I paid. There are quite a few martingale EAs out there, but theses guys haven´t blown their account... yet. And this is my second account with the last one gaining 100%
So really its up to the individual to risk money on a free EA or a paid one. The only advantage is that with a paid one you have some more evidence to support your decision.

Here is the vendors reference account:

https://www.myfxbook.com/members/FxGridTraderEA/forex-grid-trader-ea-fx/294047


ForexScam
Nov 09 2012 at 00:18
1008 posts
There are many accounts that trade the FREE version

https://www.myfxbook.com/search/ilan


as you can see, the system can do well and it can lose money.

Trading Solely GBPUSD has been the secret for the last few years with a correct account balance and lot size. Most traders become greedy and blow their account.
 


Akinwale (leverconsult)
Nov 17 2012 at 08:12
140 posts
Francis,
dont you think trading 0.02 lots with a 10,000 account is way too risky as the vendor recommends 25,000?
the vendor even went lower to 0.01 lot for same 25,000. Or what do you think?

Courage is not the absence of fear,but rather the judgement that something else is more important than fear
kookoo (gwilym)
Nov 17 2012 at 20:22
76 posts
I don´t feel it is way too risky. It also depends on leverage, I had 1:888 on the old account and on this one have 1000:1 I have experienced 15 levels of martingale (maximum) and still been well within my margin requirements.

Its going to take 2 1/2 times longer to double the account with a start balance of 250USD, that is unnecessary risk exposure. The quicker you double your money, withdraw the initial capital, and are risking only what you have gained, the better.

Akinwale (leverconsult)
Nov 17 2012 at 20:42
140 posts
gwilym posted:
I don´t feel it is way too risky. It also depends on leverage, I had 1:888 on the old account and on this one have 1000:1 I have experienced 15 levels of martingale (maximum) and still been well within my margin requirements.

Its going to take 2 1/2 times longer to double the account with a start balance of 250USD, that is unnecessary risk exposure. The quicker you double your money, withdraw the initial capital, and are risking only what you have gained, the better.

just to confirm-you use default settings right? with 0.02 starting lots over $100 (10,000 cents) account. 10 pips equalling 1 cent?

Courage is not the absence of fear,but rather the judgement that something else is more important than fear
kookoo (gwilym)
Nov 17 2012 at 23:47
76 posts
Yes the settings are default - 100USD cent account.

kookoo (gwilym)
Nov 26 2012 at 18:06
76 posts
50% achieved, half way there. Hopefully next month will have some increased volatility as markets will have reduced liquidity and we can get to 100%

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