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Funnel Trader v4.2.2.1 (By EAgreat )

Gain : +55.9%
Drawdown 16.58%
Pips: 13057.6
Trades 2168
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Automated

Funnel Trader v4.2.2.1 Discussion

EAgreat
Nov 30 2017 at 18:35
56 posts
Dear Forex Community,

I am no EA programmer. I just want to buy good EAs to trade for me. Sadly so many commercial EAs are either too expensive or are not profitable and the few good EAs are buried among the many bad ones. I thought I could help both other beginners like me and the merchant with really profitable EA by buying the EA I believe in, trade my real account with the EA and make my account result public. That way EA buyers know what to buy and winning EA creators are rewarded for their talents.

My beginning balance is $5000 but I choose the setup for $3000 balance for two reasons: 1. Oanda in US allows only 1:50 leverage while the merchant has 1:200 leverage; 2. Oanda's spreads are wider than the spreads of merchant's broker as below
                    FxChoice Oanda Forex.com
AUDJPY 2.1 3.8 3.1
AUDUSD 1.3 2.7 1.6
EURJPY 1.7 4.0 3.1
EURUSD 1.1 2.1 1.6
NZDUSD 2.5 3.1 3.0
USDJPY 1.0 2.6 2.6

Also, I will withdraw any amount above $5000 weekly just in case there is an account crash, and I will prepare to deposit another $5000 into the account just in case the initial $5000 balance is not able to cover the worst scenarios of $3000 setup.

With the above precautions I hope this account will stay profitable for years and years and the Forex community can benefit too.

Best,

Jim

EAgreat
Dec 05 2017 at 23:20
56 posts
Dear Forex Community,

Did you notice that on 12/04/17 I added $5000 to the account? Why? Because on that morning I noticed this Oanda $5000 initial balance account with positions totaling .60lot open already has margin increased to $1857 and margin level decreased to 264%. The setup in use could open positions totaling 1.65lots. When all 1.65lot positions open, the margin required would be $5106, the account would crash. That is why I had no option but to add $5000 to the account.

After consulting the merchant, he pointed out that the difference between Oanda 1:50 leverage and FX Choice 1:200 leverage caused this problem. He recommended using a higher leverage broker such FX Choice, but I am in US so I chose to stay with Oanda. He then recommended changing setup so that the most positions add to 1.1lot and the maximum margin required is $3404.5. I followed this recommendation today.

Because Oanda requires margin level to be above 100%, I still need extra fund when the worst scenarios come.

Best,

Jim

cipher03
Mar 02 2018 at 09:43
3 posts
hello jim

i noticed your funnel trader returns are doubling the vendor's account -- is this based on your risk / reward setting? also, are you planning on running any other EAs?

L3CAP
Mar 02 2018 at 11:06
264 posts
EAgreat posted:
Dear Forex Community,

I am no EA programmer. I just want to buy good EAs to trade for me. Sadly so many commercial EAs are either too expensive or are not profitable and the few good EAs are buried among the many bad ones. I thought I could help both other beginners like me and the merchant with really profitable EA by buying the EA I believe in, trade my real account with the EA and make my account result public. That way EA buyers know what to buy and winning EA creators are rewarded for their talents.

My beginning balance is $5000 but I choose the setup for $3000 balance for two reasons: 1. Oanda in US allows only 1:50 leverage while the merchant has 1:200 leverage; 2. Oanda's spreads are wider than the spreads of merchant's broker as below
                    FxChoice Oanda Forex.com
AUDJPY 2.1 3.8 3.1
AUDUSD 1.3 2.7 1.6
EURJPY 1.7 4.0 3.1
EURUSD 1.1 2.1 1.6
NZDUSD 2.5 3.1 3.0
USDJPY 1.0 2.6 2.6

Also, I will withdraw any amount above $5000 weekly just in case there is an account crash, and I will prepare to deposit another $5000 into the account just in case the initial $5000 balance is not able to cover the worst scenarios of $3000 setup.

With the above precautions I hope this account will stay profitable for years and years and the Forex community can benefit too.

Best,

Jim


That is nice of you sharing with us commercial EA performance on your account. Wish there was more members like yourself doing this!!

EAgreat
Mar 02 2018 at 15:53
56 posts
cipher03 posted:
hello jim

i noticed your funnel trader returns are doubling the vendor's account -- is this based on your risk / reward setting? also, are you planning on running any other EAs?


Hi, cipher03,

I follow the vendor's setting instruction. If anything, the setting I use is more conservative than the vendor's account because of my account leverage of 1:50. Maybe the reason the return difference between my account and the vendor account is due to the fact that weekly I withdraw profit above the initial balance of $5000 while the vendor just keeps his profit in the account.

Do you know of some EAs that really work?

Best,

Jim

EAgreat
Mar 02 2018 at 15:56
56 posts
L3CAP posted:
EAgreat posted:
Dear Forex Community,

I am no EA programmer. I just want to buy good EAs to trade for me. Sadly so many commercial EAs are either too expensive or are not profitable and the few good EAs are buried among the many bad ones. I thought I could help both other beginners like me and the merchant with really profitable EA by buying the EA I believe in, trade my real account with the EA and make my account result public. That way EA buyers know what to buy and winning EA creators are rewarded for their talents.

My beginning balance is $5000 but I choose the setup for $3000 balance for two reasons: 1. Oanda in US allows only 1:50 leverage while the merchant has 1:200 leverage; ...


That is nice of you sharing with us commercial EA performance on your account. Wish there was more members like yourself doing this!!


Hi, L3CAP,

I hope more EA users will share their preferred EAs, too.

Best,

Jim

ykng
Jun 16 2020 at 09:11
1 posts
hello,

Jim this EA showed stable profit. I wonder why it stopped running since 2019 until now?

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