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ForexSeven
The user has deleted this system.
ForexSeven Discussion
Member Since Dec 04, 2010
1447 posts
Jan 08, 2016 at 18:28
gobias posted:thanks for that. Yes those drawdown's on hourly basis look scary 70 odd percent.
This came from the expertadvisorsforex.com website http://www.expertadvisorsforex.com/forex-seven.html,
They always track using live vendor's investor password and fxblue. Fxblue is better than myfxbook for tracking drawdown as it does so on an hourly basis.
Member Since May 20, 2011
694 posts
Jan 11, 2016 at 22:44
ovisun posted:This will diminish your long term profit. You should just turn the lot size up. Patience is key.
I lost my patience waiting to close the actual basket. I've put on another chart "Equity Sentry EA" to close the basket when the profit is 0.5%.
Member Since Aug 14, 2012
30 posts
Jan 14, 2016 at 07:54
RedRhinoFX posted:Concerto FX you mean?
I am following an account that opened it's first basket of 7 on Dec 23. The account hasn't closed the basket yet. This system holds til profitable and drawdown is unlimited.
I don't believe the dd stats are correct on myfxbook since the history dates back before the vendor joined myfxbook. Intraday drawdown can't be recorded and therefore it's inaccurate.
This strategy reminds me of another russian EA that opened a bunch of trades as soon as the EA touched your account and held til profitable. I can't recall the name at the moment but I am sure someone here remembers the system.
Jan 19, 2016 at 10:27
I received an update from seller and now the EA is opening another basket when the price is goes against original basket, same as in the vendor's account, but looks to be martingale style. Personally I do not mind, but I know some other people will not like this.
forex_trader_289986
Member Since Dec 03, 2015
3 posts
Jan 19, 2016 at 18:18
(edited Jan 19, 2016 at 18:19)
ovisun posted:ForexSeven doesn't not use principles of the Martingale! It uses very conservative increasing of lot from 0.1 to 0.4 and it's part of its strategy.
I received an update from seller and now the EA is opening another basket when the price is goes against original basket, same as in the vendor's account, but looks to be martingale style. Personally I do not mind, but I know some other people will not like this.
Jan 19, 2016 at 21:13
forex7 posted:ovisun posted:ForexSeven doesn't not use principles of the Martingale! It uses very conservative increasing of lot from 0.1 to 0.4 and it's part of its strategy.
I received an update from seller and now the EA is opening another basket when the price is goes against original basket, same as in the vendor's account, but looks to be martingale style. Personally I do not mind, but I know some other people will not like this.
Thanks for clarifications. After I received the update I removed the "Equity Sentry EA" and now is just the ForexSeven EA doing trades into my account
Member Since May 20, 2011
694 posts
Jan 20, 2016 at 08:51
I am very pleased with this EA. It fits my risk appetite and the way I like to trade also. Great job
Jan 22, 2016 at 08:57
I find another total the same with forexseven.
@FXtrader2010 @ovisun @RedRhinoFX
http://www.myfxbook.com/members/forex7/forexseven/1442568
website forexseven.com
-------------
http://www.myfxbook.com/members/MoneyXploder/moneyxploder/1479691
website moneyxploder.com
Totally the same performance,even every order open and close price and time,no 1 pips differents in the last 903 orders,No enven 1 pips sllipage.
Myfxbook can update the same one account under two Users? OR how these two account totally the same?
@FXtrader2010 @ovisun @RedRhinoFX
http://www.myfxbook.com/members/forex7/forexseven/1442568
website forexseven.com
-------------
http://www.myfxbook.com/members/MoneyXploder/moneyxploder/1479691
website moneyxploder.com
Totally the same performance,even every order open and close price and time,no 1 pips differents in the last 903 orders,No enven 1 pips sllipage.
Myfxbook can update the same one account under two Users? OR how these two account totally the same?
Attachments:
Jan 25, 2016 at 07:30
Hi , I'm looking to try this EA on a real account but still have some issues .
I've noticed that the open balance is $10.000 , is this the minimum to start trading with this EA?
Can the EA start trading with micro lots ( 0.01 ) ?
Does the EA trade with all the 20 pairs by default ?
Can the EA trade with a different leverage (up or down ) ? does this affect the results in any way ?
Is the EA in any way broker sensitive ?
If I want to change or close my account and open with another broker do I have to buy the EA again ?
Just looking for some guidance here in the best way to use the EA .
Thank you for your time
I've noticed that the open balance is $10.000 , is this the minimum to start trading with this EA?
Can the EA start trading with micro lots ( 0.01 ) ?
Does the EA trade with all the 20 pairs by default ?
Can the EA trade with a different leverage (up or down ) ? does this affect the results in any way ?
Is the EA in any way broker sensitive ?
If I want to change or close my account and open with another broker do I have to buy the EA again ?
Just looking for some guidance here in the best way to use the EA .
Thank you for your time
Jan 25, 2016 at 11:03
@zaratrau
I started my account with a ballance of 10000 USD cents (100$)
If I would have chosen risk=10%, the start lot would have been 0.01 lots
The EA trade with all 20 pairs. When opening a new basket, it choses alone which pairs are best at the moment
Can trade with other leverages, I use 1:500 and in my opinion is better to use 1:500 if possible, if not, you have to increase starting balance accordingly.
I do not believe is broker sensitive
If you change broker/account, just send an email to the vendor with the new account number
Regards.
I started my account with a ballance of 10000 USD cents (100$)
If I would have chosen risk=10%, the start lot would have been 0.01 lots
The EA trade with all 20 pairs. When opening a new basket, it choses alone which pairs are best at the moment
Can trade with other leverages, I use 1:500 and in my opinion is better to use 1:500 if possible, if not, you have to increase starting balance accordingly.
I do not believe is broker sensitive
If you change broker/account, just send an email to the vendor with the new account number
Regards.
Jan 26, 2016 at 07:46
gobias posted:
This came from the expertadvisorsforex.com website http://www.expertadvisorsforex.com/forex-seven.html,
They always track using live vendor's investor password and fxblue. Fxblue is better than myfxbook for tracking drawdown as it does so on an hourly basis.
U scared me!!, I can not find your chart in fxblue, only see some statement. How do u that?
Jan 27, 2016 at 07:08
ovisun posted:
@zaratrau
I started my account with a ballance of 10000 USD cents (100$)
If I would have chosen risk=10%, the start lot would have been 0.01 lots
The EA trade with all 20 pairs. When opening a new basket, it choses alone which pairs are best at the moment
Can trade with other leverages, I use 1:500 and in my opinion is better to use 1:500 if possible, if not, you have to increase starting balance accordingly.
I do not believe is broker sensitive
If you change broker/account, just send an email to the vendor with the new account number
Regards.
Hi ovisun , thank you for the reply , with $100 could be near of a margin call , if it opens 20 trades? Do you trade with this EA on a live account ? hope you doing well , I checked FXblue and it's $--3,489.01 the floating P/L , do you consider that normal ?
I'm looking to go ahead but ...
Jan 27, 2016 at 09:04
In my account I have 100$ (10000 USD cents the balance) and 28 opened trades at the moment. For now is not so close of a margin call, it would be space to one more basket of 7 trades, to be a total of 35 trades. In vendor account maximum no. of open trades was 35 and the max DD is 30%, not so bad.
forex_trader_149646
Member Since Sep 09, 2013
406 posts
Jan 28, 2016 at 08:21
I am not happy about seeing the Forex7 turn into a martingale grid system. The lotsize is doubling after each new Basket and continues to add to the losing baskets. Vendor account not updated for past 2 days... indicating some drawdown ahead.
Jan 29, 2016 at 04:59
(edited Jan 29, 2016 at 05:21)
So I had the first SL after BOJ announcement last night. Vendor account no more updates??? Let's see how will be the recovery. The risk in EA was 35% and it closed at 34.07%. See again the link:
http://www.myfxbook.com/members/ovisun/3150628-forexseven/1459037
http://www.myfxbook.com/members/ovisun/3150628-forexseven/1459037
