To use chat, please login.
Back to contacts

ForexSeven (By forex7 )

The user has deleted this system.

ForexSeven Discussion

goode
Jan 08 2016 at 06:18
219 posts
myfxbook only calculate the dd% after the orders closed and the the floating dd% after account update to myfxbook,means if account has floating DD -60% then closed them together in profit at last,after all orders closed vendor began to update account to myfxbook,it not calculater 60% dd.

Ozzie Matt (aeronthomas)
Jan 08 2016 at 18:28
1557 posts
gobias posted:
This came from the expertadvisorsforex.com website https://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.

thanks for that. Yes those drawdown's on hourly basis look scary 70 odd percent.

Frank
RedRhinoFX
Jan 09 2016 at 18:47
395 posts
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.


ovisun
Jan 11 2016 at 22:43
429 posts
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%.

FXtrader2010
Jan 11 2016 at 22:44
724 posts
ovisun posted:
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%.
This will diminish your long term profit. You should just turn the lot size up. Patience is key.

ovisun
Jan 11 2016 at 22:46
429 posts
This 0.5% was reached two or three times already until now

ARCHANGELSKYFX (archangelsky)
Jan 14 2016 at 07:54
29 posts
RedRhinoFX posted:
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.

Concerto FX you mean?

When it comes to trading, only the persistent survive!
ovisun
Jan 19 2016 at 10:27
429 posts
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.

forex7
Jan 19 2016 at 18:18
3 posts
ovisun posted:
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.
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.

ovisun
Jan 19 2016 at 21:13
429 posts
forex7 posted:
ovisun posted:
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.
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.


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

Please login to comment .