Forex Photon Evo 3.12 (By forex_trader_9619)
The user has deleted this system.
Forex Photon Evo 3.12 Discussion
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Dec 24, 2010 at 15:14
Yes thats right!
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Jan 23, 2011 at 17:33
Hi Dennerle
Well, I would say I am more comfortable with 0.2 lots than using the MM. This is just a personal preference. When I am comfortable with more lots, I would increase it manually.
I dont see any cons on using the MM.
By the way, 5% of MM on a FXOpen ECN account with equity 3000 mean that the lot size would be 0.15, but since the MM is based on equity the more trades are open, the equity may tend to decrease when the trades are open and there are chances that we may miss trades if the lot size goes below 0.1. Fxopen ECN min lot size is 0.1, and this is the other reason im running it wiht manual lotsize so I dont miss any trades.
Well, I would say I am more comfortable with 0.2 lots than using the MM. This is just a personal preference. When I am comfortable with more lots, I would increase it manually.
I dont see any cons on using the MM.
By the way, 5% of MM on a FXOpen ECN account with equity 3000 mean that the lot size would be 0.15, but since the MM is based on equity the more trades are open, the equity may tend to decrease when the trades are open and there are chances that we may miss trades if the lot size goes below 0.1. Fxopen ECN min lot size is 0.1, and this is the other reason im running it wiht manual lotsize so I dont miss any trades.
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Jan 23, 2011 at 18:04
We are working on Photon Evo 1.1 which will increase the number of trades over all, and also decrease the number of trades per pair. We are testing the GBPUSD pair currently, which is does not perform to the expectation. Probably, we might not use it when Evo 1.1 is released.
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Jan 27, 2011 at 17:24
There can be no EA like this! If you cant even do this, you wont earn money!!!
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Jan 29, 2011 at 12:27
Yes, but only the current and the previous version.
Jan 30, 2011 at 08:46
Hi Vinod,
what leverage are you using?
1:500 or 1:100??
Also, based on this article from CFTC, https://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html
are you going to switch broker to such as ATC Brokers or any other ECN brokers?
Regards,
Dennerle
what leverage are you using?
1:500 or 1:100??
Also, based on this article from CFTC, https://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html
are you going to switch broker to such as ATC Brokers or any other ECN brokers?
Regards,
Dennerle
Slow and Steady Wins the Race :)
Jan 31, 2011 at 14:06
Hi Vinod,
if you look at the 'duration' chart under advanced statistics, i can see there are more trades being hit losses at 40 pips instead of say 60 pips.
Wonder whether you wanna re-consider of reducing SL to 40 pips for Forex Photon 1.1a???
Regards,
Dennerle
if you look at the 'duration' chart under advanced statistics, i can see there are more trades being hit losses at 40 pips instead of say 60 pips.
Wonder whether you wanna re-consider of reducing SL to 40 pips for Forex Photon 1.1a???
Regards,
Dennerle
Slow and Steady Wins the Race :)
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Feb 02, 2011 at 13:16
(edited Feb 02, 2011 at 13:19)
Hi Dennerle
Yes, I am striving to get the stoploss within 40 pips, and the reason is, 90% of the times it crosses 30 pips its gonna hit 40 pips. How ever there will not be any change in Take Profit, Max Trades now can be chosen. Frequency of trades for all the pairs is greatly increased, so there is active trading. I seriously regret for the losses on USDCAD. This as well is tackled in 1.1a.
More than 70% of the times it crosses 40 pips, it retraces back and goes in our direction, this was considered for Evo 1.0 and the reason for 60 pips SL
Yes, I am striving to get the stoploss within 40 pips, and the reason is, 90% of the times it crosses 30 pips its gonna hit 40 pips. How ever there will not be any change in Take Profit, Max Trades now can be chosen. Frequency of trades for all the pairs is greatly increased, so there is active trading. I seriously regret for the losses on USDCAD. This as well is tackled in 1.1a.
More than 70% of the times it crosses 40 pips, it retraces back and goes in our direction, this was considered for Evo 1.0 and the reason for 60 pips SL
Member Since Jan 10, 2011
60 posts
Feb 08, 2011 at 19:22
Hi
I currently have installed Photon v1.0.
When will the version you are currently using be available?
It makes it very hard to evaluate how my performance is with current version if the one on here is different?
Many thanks,
Mae
I currently have installed Photon v1.0.
When will the version you are currently using be available?
It makes it very hard to evaluate how my performance is with current version if the one on here is different?
Many thanks,
Mae
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Feb 08, 2011 at 21:57
(edited Feb 08, 2011 at 21:58)
I believe all of you expect a very reliable version? Isn't a version before getting released expected to be tested in LIVE? Thats what we are doing. We are seeing the performance as to how it reflects in the LIVE account. If you had read the email if everything goes well, it will be released by the end of this week.
Member Since Jan 10, 2011
60 posts
Feb 08, 2011 at 22:12
Thanks for the scathing reply...
Your right in all your points you so eloquently put across.
If I had remembered reading your email I would of realised you said 2nd week of Feb.
Your right in all your points you so eloquently put across.
If I had remembered reading your email I would of realised you said 2nd week of Feb.
forex_trader_9619
Member Since Apr 01, 2010
22 posts
Feb 08, 2011 at 22:21
Apologies. Didnt mean to be aggressive, everything almost over with the testing, just a few things we are trying to understand with the current LIVE testing. Its still 2nd week, so we still have time...
Member Since Jan 10, 2011
60 posts
Feb 09, 2011 at 09:33
Thanks for the apology.
Hope everything goes well with the testing, will be waiting patiently for next update even if you need to take a little longer to finalise. Better to get it right 1st time rather then have to hastily release a fix a few days later. :)
Hope everything goes well with the testing, will be waiting patiently for next update even if you need to take a little longer to finalise. Better to get it right 1st time rather then have to hastily release a fix a few days later. :)
May 28, 2011 at 22:00
(edited May 28, 2011 at 22:01)
https://www.pipcop.com/forums/current-live-robot-reviews/336-forex-photon-4.html
'stopped using the Photon after facing a 50% drawdown . During some kind of market conditions the robot is doing well but during difficult trading conditions it produces really scary draw downs.'
'I have removed Forex Photon Evo from trading.
In the many months I have been demo trading this EA and the brief period I dared to live trade it, the EA has proven itself to be very chaotic. As an example, shortly after I upgraded the EA to Evo, the EA had a massive losing trade where it lost 60.09% of equity in one trade. True, I was running Evo at 10% risk but even at 1%, that would be over 6% loss.'
'I was one of the users when the original Photon came out. After my backtesting, I asked for a refund and the photon guy was resisting. He was giving a bunch of mumbo joumbo like you don't even know what you are talking about etc; similar with what you are facing.
When he came out with the new version, I never even bother to try. My judgment was correct so far. Let this thing pass. It's just another dog. I believed in your judgment as well. Good one.'
'Looks like the vendor shows very good results but users loose money'
'Start date: Aug 31, 2010
Stop date: Oct 7, 2010
In that period, Forex Photon made lots of trades (62) and I ended up $42.17 in the red. I pulled the EA before it could do more damage. IMHO, the only ones who got rich from Forex Photon where the EA developer (at $149 a pop) and my broker .
My only regret is not getting a refund when I could have.
Rick'
'I just read at 4xproject.com that they have also stopped live trading of Forex Photon. In their running of this EA, it lost 57% of the account equity in 39 weeks.'
'stopped using the Photon after facing a 50% drawdown . During some kind of market conditions the robot is doing well but during difficult trading conditions it produces really scary draw downs.'
'I have removed Forex Photon Evo from trading.
In the many months I have been demo trading this EA and the brief period I dared to live trade it, the EA has proven itself to be very chaotic. As an example, shortly after I upgraded the EA to Evo, the EA had a massive losing trade where it lost 60.09% of equity in one trade. True, I was running Evo at 10% risk but even at 1%, that would be over 6% loss.'
'I was one of the users when the original Photon came out. After my backtesting, I asked for a refund and the photon guy was resisting. He was giving a bunch of mumbo joumbo like you don't even know what you are talking about etc; similar with what you are facing.
When he came out with the new version, I never even bother to try. My judgment was correct so far. Let this thing pass. It's just another dog. I believed in your judgment as well. Good one.'
'Looks like the vendor shows very good results but users loose money'
'Start date: Aug 31, 2010
Stop date: Oct 7, 2010
In that period, Forex Photon made lots of trades (62) and I ended up $42.17 in the red. I pulled the EA before it could do more damage. IMHO, the only ones who got rich from Forex Photon where the EA developer (at $149 a pop) and my broker .
My only regret is not getting a refund when I could have.
Rick'
'I just read at 4xproject.com that they have also stopped live trading of Forex Photon. In their running of this EA, it lost 57% of the account equity in 39 weeks.'
