FXCharger (By forexstore)

The user has made his system private.

FXCharger Discussion

Aug 14, 2016 at 23:39
20,826 Views
395 Replies
Member Since Nov 10, 2015   2 posts
Sep 18, 2016 at 07:12
Hi there,

This ea is very interesting. may i check if i bought this ea, will you be able to provide the settings of the two accounts that shared in myfxbook here?

Thanks,
k
Member Since May 23, 2016   32 posts
Sep 19, 2016 at 06:26
looks very nice indeed !
the drwdown is quite high, but it apears to recover pretty fast ..

good work
Professional Canned-Tuna Eater
Member Since Mar 18, 2014   117 posts
Sep 19, 2016 at 09:07
Extremely dangerous Martingale !
Opens 9.6 lots to recover initial 0.15 lot..
Just a matter of time to crash
Member Since Apr 21, 2016   9 posts
Sep 19, 2016 at 12:41
will watch with interest
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 19, 2016 at 13:00
lak1415 posted:
Hi there,

This ea is very interesting. may i check if i bought this ea, will you be able to provide the settings of the two accounts that shared in myfxbook here?

Thanks,
k

Hello! Thank you for interest to our product. Yes of course, this settings is built into the EA and we can provide settings how to setup ip manually in Advanced settings if you needed
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 19, 2016 at 13:05
upandgo posted:
Extremely dangerous Martingale !
Opens 9.6 lots to recover initial 0.15 lot..
Just a matter of time to crash

That is why FXCharger come with risk controlling. The StopLoss is calculated accordingly to the risks that you specified in settings. For example if you specify 20% risk, EA will calculate initial lotsize and put the StopLoss on the price, which will not allow you to lose more than you set in EA.
Member Since May 04, 2012   1608 posts
Sep 20, 2016 at 10:00
It would be interesting to see some long-term backtests, i.e. back from 2012...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 20, 2016 at 13:06
pipsquick1957 posted:
Risk control or not, this is a very aggressive and dangerous Martingale EA, where you have it trading at an increase of 400% per trade. It starts at 0.1, then up to 0.4, then 1.6, then 6.4 lots, then what 25.6 lots, its very easy way to blow any account up.

Generally speaking a Martingale system increases lot sizer from between 50-100% per trade against the trend, this one is running at more than 4x the normal Martingale increase in lot size.

Hello. Yes we have 4x multiplying on each trade (at EURUSD pair), but the fourth order is final. On this account we trade with 100% risk, that is why these lots looks a little bit scary. For example AUDUSD settings has x1.5 multiplying only.
ForexProtect
forex_trader_354005
Member Since Aug 22, 2016   183 posts
Sep 21, 2016 at 10:22
Hello fxcharger

I can see that your EA is opening both sell and buy positions at the same time, this is not a safe way. Results are pretty nice, but keeping buy and sell positions have no sense. On the top of that you are increasing the volume even to 9.60 lots with the capital of 10 000...

Results of this EA look very good, the only problem is that it will take only on worse day to ruin the account because of opening positions of 9.60 lots. You are protecting your positions by by hedging them so there will never be a big DD. This EA is showing only nice stats, nothing else.

On your website it is written that the positions are being closed within 1-4 days, here we can see that you keep them open even for 9 days.

Best Regards
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 21, 2016 at 12:27
ForexProtect posted:
Hello fxcharger

I can see that your EA is opening both sell and buy positions at the same time, this is not a safe way. Results are pretty nice, but keeping buy and sell positions have no sense. On the top of that you are increasing the volume even to 9.60 lots with the capital of 10 000...

Results of this EA look very good, the only problem is that it will take only on worse day to ruin the account because of opening positions of 9.60 lots. You are protecting your positions by by hedging them so there will never be a big DD. This EA is showing only nice stats, nothing else.

On your website it is written that the positions are being closed within 1-4 days, here we can see that you keep them open even for 9 days.

Best Regards


Hello! Thank you for comment. You're a little bit wrong. On EURUSD we start trade in both ways (Sell and Buy), but this is true only to the first trade. It not give us any protection it gives us good profitability, because we make profit wherever the price is go. All further trades have no hedging that is why it have no any effect on drawdown.

Talking about 1-4 days, you are right. Sometimes we have delay with closing of trade on EURUSD setting because of the same hedging at first trade. We open Buy and Sell order with 100 pips and waiting when any of them will closed in profit. But sometimes trend is low or price going inside this range of TakeProfit. I have attached screenshot of our chart.



Kind regards



forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 30, 2016 at 19:09
RedRhinoFX posted:
how many position per basket because stopout/margincall . I see your 9 Lot had 35 pips drawdown , Next Level #6 is 30 Lots?

Any chance you trade the system at ECN broker and not those cent accounts at FXOPEN?

Hello,
If you have leverage from 1.100 and specify recommended risk about 35% in settings, stopout/margincall is impossible. For AUDUSD settings it's ok even for 1.50 leverage. EURUSD settings has only 5 levels, in our case 9 lot is final.
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 30, 2016 at 19:13
RedRhinoFX posted:
fxcharger posted:
upandgo posted:
Extremely dangerous Martingale !
Opens 9.6 lots to recover initial 0.15 lot..
Just a matter of time to crash

That is why FXCharger come with risk controlling. The StopLoss is calculated accordingly to the risks that you specified in settings. For example if you specify 20% risk, EA will calculate initial lotsize and put the StopLoss on the price, which will not allow you to lose more than you set in EA.

What risk setting do you use? Is this MAX? Is this trend follow or means reversion?

On this account we use max risk to show the potential of the system. First trade looking for trend, all other wait for reversion. All trades have smart TakeProfit and StopLoss, to have possibility to close trades in profit and good period of time
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Oct 01, 2016 at 16:06
wow ,won't last long
Member Since Oct 25, 2015   262 posts
Oct 02, 2016 at 06:13
wow seven months that is cool....I hope system stays for long!!! All the best bro.. wishing you many million dollars...
Member Since Oct 25, 2015   262 posts
Oct 06, 2016 at 06:30
Did u trade Brexit or shutdown system during that time...because your progress is very commendable
Member Since Aug 21, 2010   171 posts
Oct 06, 2016 at 08:26
very nice
Plan your trades and trade your plans.
Member Since Jan 04, 2013   1 posts
Oct 09, 2016 at 14:28
Hello FX Charger. Does this EA differ very much from your other EAs like FX Secret? Or are they more or less all doing the same thing (martingaling) etc etc..???
Member Since Apr 21, 2016   9 posts
Nov 02, 2016 at 11:35
Anyone bought and using this very impressive product yet? Is it worth it
What capital did you go in with?
Did you change any initial settings?
Member Since Apr 21, 2016   9 posts
Nov 16, 2016 at 12:21
bought it on demo account so far so good
Member Since Aug 02, 2012   4 posts
Nov 20, 2016 at 08:14
How I buy your EA and how price ?
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