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FX-CT-OneMonthTest (By oshaban )

The user has deleted this system.

FX-CT-OneMonthTest Discussion

forexpipcatcher
Jan 28 2013 at 09:55
286 posts
several things:
1) Are you using MM ?
2) How big are your trade sizes?

oshaban (oshaban)
Jan 28 2013 at 13:08
189 posts
Hi forexpipcatcher ...

No money management is used as using MM with such martinagle system will lead to exponentially increase in the DD due lot increment because of balance increment. This way, as much the account will make profit while keeping same lot size will lead to increasing the safety factor to make the account resist bigger DDs. Trader can increase the lot size slightly (manually) for every specific profit percentage, fore example, every 30-50% ...

I use minimal lot size that will keep me save in the market, starting lot size I use is 0.1 lot. Lot exponent is 2 and Grid size is 25 pips. The EA has profit collector in $$$ function that make closing open orders in any direction is dynamically depends on the number of opened orders.

The EA could be used safely on $10k account too, or micro account with 0.01 lot size.


... oshaban ... skype: oshaban27 ...
fehernyul
Jan 29 2013 at 15:00
4 posts
Hi!

And what is the name of this EA?
How can I try it?

thx

oshaban (oshaban)
Jan 29 2013 at 15:23
189 posts
Hi fehernyul ...

The name of the EA is FX-CT-EA, i.e, forex counter trend EA.

I'm sorry, it is not for sharing. It is a commercial copy. Will intend to sell copies of it
and manage some accounts using it too.

... oshaban ... skype: oshaban27 ...
fehernyul
Jan 29 2013 at 18:35
4 posts
Okay, so where can I buy and how much is it? :)

oshaban (oshaban)
Jan 29 2013 at 19:23
189 posts
I sell one licence copy for $250 paid to my moneybookers (Skrill) or Liberty Reserve account ...

The licence can work on one live account and unlimited demo accounts for life time.

More licences are available at less prices ...

... oshaban ... skype: oshaban27 ...
forexpipcatcher
Jan 29 2013 at 19:26
286 posts
Its like a grid and cycle EA which keeps stacking trades until in profit. I have seen it's type a million times and at any given point they look good but they will blow up when the market trends HARD. In fact I developed something very similar to this several years ago.

oshaban (oshaban)
Jan 29 2013 at 19:36
189 posts
forexpipcatcher posted:
Its like a grid and cycle EA which keeps stacking trades until in profit. I have seen it's type a million times and at any given point they look good but they will blow up when the market trends HARD. In fact I developed something very similar to this several years ago.


You are right, forexpipcatcher. To sucess in such this type, you need to have a good capital, the minimum lot size, the right settings, and finally, non-greedy trader!.

Let us see how this EA will pass it :)

... oshaban ... skype: oshaban27 ...
forexpipcatcher
Jan 29 2013 at 20:48
286 posts
one more thing you will need if you are to be successful and that is the spacing of each trade. Don't make them close and you might succeed. This means less profits but a better chance of survival

oshaban (oshaban)
Jan 29 2013 at 21:10
189 posts
forexpipcatcher posted:
one more thing you will need if you are to be successful and that is the spacing of each trade. Don't make them close and you might succeed. This means less profits but a better chance of survival


Forexpipcatcher ...
Thanks for your really positive discussion.
I did use in the past 36 pips ... Yes, it is much safer but the profit collect is too slow. The account was 10k. As a compensation to that, I use now 25k account with 25 pips. Also, I admit that using this EA on low volatility pairs like usdjpy is more better, but I like to see more daily action as long as I use demo account. May be in the future will put a new account with much much safer settings, but my server is busy with too many mt4 platforms are running all the time!.

I used this EA in the past to trade a big account (managed one), but the owner of it was so afraid when he saw a DD of only 8% :( ... I can't remember what was the total profit %, but that happened after about 2 months of trading. He decided to stop it!.

Thanks again :)

... oshaban ... skype: oshaban27 ...
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