FXCharger (by fxcharger) Quick Stats
Gain: +2135.22%
Drawdown: 21.88%
Pips: 1600.9
Trades: 514
Won:
Lost:
Type: Real
Leverage: -
Trading: Automated

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FXCharger Discussion
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lak1415

Member Since Nov 10, 2015  2 posts lak1415 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

SwingFish

Member Since May 23, 2016  25 posts Mario (SwingFish) 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
upandgo

Member Since Mar 18, 2014  117 posts upandgo 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

userpro1

Member Since Apr 21, 2016  9 posts userpro1 Sep 19 2016 at 12:41
will watch with interest

fxcharger

Member Since Feb 16, 2016  64 posts fxcharger 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

fxcharger

Member Since Feb 16, 2016  64 posts fxcharger 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.

pipsquick1957

Member Since Nov 15, 2010  163 posts George (pipsquick1957) Sep 19 2016 at 18:35
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.

FxMasterGuru

Member Since May 04, 2012  1603 posts FxMasterGuru (FxMasterGuru) 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)
fxcharger

Member Since Feb 16, 2016  64 posts fxcharger 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

Member Since Aug 22, 2016  183 posts Forex Protect (ForexProtect) 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

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EURUSD 1.106 GBPUSD 1.31349
USDJPY 108.572 USDCAD 1.32552

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