Funnel Trader Account 1 (by funneltrader) Quick Stats
Gain: +283.51%
Drawdown: 39.40%
Pips: 18332.8
Trades: 16960
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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Funnel Trader Account 1 Discussion
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tellanup

Member Since Apr 20, 2012  128 posts tellanup Jan 05 2017 at 11:21
funneltrader posted:
tellanup posted:
can this work with 1:100 leverage with say LMAX


Yes it can and does work with that broker and leverage.

Lmax professional account has currency pairs with .lmx suffix. Will the ea be able to work with currency pairs with .lmx?

funneltrader

Member Since May 24, 2016  45 posts funneltrader Jan 05 2017 at 18:02
Yes it works with pairsuffix

wealthsecrets

Member Since Nov 11, 2009  38 posts Mike Torres (305) 389-0170 (wealthsecrets) Jan 16 2017 at 00:14
Happy New Year!

How does Funnel Trader deal with negative swap that accumulates?

And does Funnel Trader make adjustments if the drawdown approaches 90%?

Thanks.

ryang123

Member Since Sep 23, 2016  85 posts Ryan (ryang123) Jan 16 2017 at 00:41
wealthsecrets posted:
Happy New Year!

How does Funnel Trader deal with negative swap that accumulates?

And does Funnel Trader make adjustments if the drawdown approaches 90%?

Thanks.

Hi Mike
With the standard settings, the swap is negligible. Swap would only be an issue on exotics or large volume and funnel is normally low volume.
The DD is based on account size so if you have 90℅ DD, you need much more $$$ in the account. Actually 90℅ would get you stopped out with most brokers! I suggest 3k min. I actually transfer money back and forth when needed. If I have a low DD I put the money in my other account to trade a different strategy but if funnel starts buying more baskets, I send a few $$$ back into it. Best to keep 3k minimum in account and just let it go if you don't want to watch it. I just like to maximize my funds and that is the only reason why I'm constantly transferring.

Choose a good reputation over great riches (PROVERBS 22:1)
fxmill

Member Since Dec 29, 2016  16 posts fxmill Jan 19 2017 at 10:58
Hello. How does TP, SL, & TS work? Are they hidden & dynamic? What is the avg TP & SL parameters?

funneltrader

Member Since May 24, 2016  45 posts funneltrader Jan 20 2017 at 08:16
Yes hidden and dynamic. Avg tp and sl isn't really relevant because trades are balanced out by each other. So you could have a trade with -50 pips and another with +60 pips. netting +10pips. The system does a cross currency hedge.

tellanup

Member Since Apr 20, 2012  128 posts tellanup Jan 20 2017 at 11:13
This is the most consistent profitable EA I have seen in the recent past , kudos to developers for creating this marvel

funneltrader

Member Since May 24, 2016  45 posts funneltrader Jan 22 2017 at 07:48
Thanks

saaedb

Member Since Sep 10, 2014  138 posts Bullish (saaedb) Feb 01 2017 at 14:02
The EA is doing a very good job on my demo $5,000.00 account. It did have a working 40% draw down once in December other than that, it maintains a very low working draw down..

One a $5K account 5-10% a month, will this return per month drop as the balance increases? Just how it opens the lot size hints that the bigger the account smaller the return?

tellanup

Member Since Apr 20, 2012  128 posts tellanup Feb 01 2017 at 21:24
this is clear winner in the long run

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EURUSD 1.12807 GBPUSD 1.25288
USDJPY 107.566 USDCAD 1.36028

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.