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FXCharger (By fxcharger)

Gain : +1912.72%
Drawdown 57.29%
Pips: 1088.9
Trades 564
Won:
Lost:
Type: Real
Leverage: -
Trading: Automated

FXCharger Discussion

fxcharger
Feb 14 2018 at 07:52
73 posts
nick3232 posted:
absolute drawdown 4117.04 Maximal drawdown 1861564.60 (30.48%) Relative drawdown 84.69% (34510.00)


the most important dd is the relative dd....84 % well, make up your mind


Hello. I think nobody understand about what drawdown do you talk. If I understand you correct, you are talk about our backtest with 'Hight profitability'. I hope you understand that in this mode risks is set to maximum to show the max profitability. That is why system earned at this test 68 651%, such profitability is inpossible with low risks - I'm sure everybody understand it 😄
And yes, you are right, in tests with compound interest you should to look at Relative drawdown, at tests with no compound interest, you need to look at Maximal drawdown 😉

Schuhmacher (Schuhmacher)
Feb 23 2018 at 10:08
5 posts
MicF posted:
The whole EA market seems to work like this.
You have to purchase an EA, have more or less 30 or 60 days money back guarantee.

Better would be, if demo accounts and backtests would be for free, without any money flow.
So one can make a decision based on its own tests.

This would kick out all the scammers.

In the case of FXCharger this is a matter of taste.
My backtests shows drawdowns every 2 to 3 years. Which is not suprising as it's using martingale technologies and will happen with mathematical certainty.
The drawdown is limited by the risk you choose. So default value is 35%.
If it's profitbale overall then, I don't know, but at least it won't crash your account.


It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr

Rafael (Rafael)
Mar 02 2018 at 08:22
55 posts
fxcharger posted:
nick3232 posted:
absolute drawdown 4117.04 Maximal drawdown 1861564.60 (30.48%) Relative drawdown 84.69% (34510.00)


the most important dd is the relative dd....84 % well, make up your mind


Hello. I think nobody understand about what drawdown do you talk. If I understand you correct, you are talk about our backtest with 'Hight profitability'. I hope you understand that in this mode risks is set to maximum to show the max profitability. That is why system earned at this test 68 651%, such profitability is inpossible with low risks - I'm sure everybody understand it 😄
And yes, you are right, in tests with compound interest you should to look at Relative drawdown, at tests with no compound interest, you need to look at Maximal drawdown 😉


I don't believe in backtests very much. I used a lot of eas which show good backtests results during 5 or even 10 years but on the demo accounts they can't show anything during at least one year.

Schuhmacher posted:
MicF posted:
The whole EA market seems to work like this.
You have to purchase an EA, have more or less 30 or 60 days money back guarantee.

Better would be, if demo accounts and backtests would be for free, without any money flow.
So one can make a decision based on its own tests.

This would kick out all the scammers.

In the case of FXCharger this is a matter of taste.
My backtests shows drawdowns every 2 to 3 years. Which is not suprising as it's using martingale technologies and will happen with mathematical certainty.
The drawdown is limited by the risk you choose. So default value is 35%.
If it's profitbale overall then, I don't know, but at least it won't crash your account.


It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr


After such reviews I think vendor should post some comments here to open dark side for us.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
togr (togr)
Mar 02 2018 at 15:01
4862 posts
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Rafael (Rafael)
Mar 03 2018 at 09:47
55 posts
togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Yes, this is standard ms, we see that lot size increasing several times and if will be negative trade at the fourth time what happens next? Will be increasing in the fifth time? Very doubtful option.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
MicF
Mar 08 2018 at 03:28
95 posts
Won't increase a fifth time.

fxcharger
Mar 12 2018 at 10:53
73 posts
Schuhmacher posted:
MicF posted:
The whole EA market seems to work like this.
You have to purchase an EA, have more or less 30 or 60 days money back guarantee.

Better would be, if demo accounts and backtests would be for free, without any money flow.
So one can make a decision based on its own tests.

This would kick out all the scammers.

In the case of FXCharger this is a matter of taste.
My backtests shows drawdowns every 2 to 3 years. Which is not suprising as it's using martingale technologies and will happen with mathematical certainty.
The drawdown is limited by the risk you choose. So default value is 35%.
If it's profitbale overall then, I don't know, but at least it won't crash your account.


It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr


Hello! Well, it's not true, that we don't return money. But yes, we don't provide refund if our refund rules were violated. Everybody can easely read it at our page of terms.
We beliave our rules is fair and we don't force anybody to buy, if he don't like our rules. Sometimes we give our customers refund even without fulfillment of refund conditions - if we see that client is fair and has a good reason to get refund, even if it's does not fit with our rules. Our support department very professional and always make everything to make ALL our clients stay satisfied. You can check it, just contact us at our website :)
In case if it's was true, that we don't provide refunds and our customers is not happy, we would have much more public comments/posts about not refunded money. As you know, happy clients usually just use the service and they is happy, not happy client always find the possibility to tell everybody, why he is not happy with it and warn others. So as you can see, we have very low amount of not happy clients even with such a lot of sales of our advisor.

fxcharger
Mar 12 2018 at 14:37
73 posts
togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%


Hello! More than a year ago, you said almost the same 😂 (you can see it at page 3 of this discussion):
'It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...'

Well, as you can see, we are still online and still trades in profit even without lose 😄, but we have drawdown control on 23% - system will close all on stoploss, if we will reach 23% of drawdown.

fxcharger
Mar 12 2018 at 14:37
73 posts
Rafael posted:
togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Yes, this is standard ms, we see that lot size increasing several times and if will be negative trade at the fourth time what happens next? Will be increasing in the fifth time? Very doubtful option.


Hi! We already discussed it before, 4th trade is the last increased order. After that will be stoploss with our drawdown control, but there are was no such situation for all our live trading period.

togr (togr)
Mar 13 2018 at 06:05
4862 posts
fxcharger posted:
togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%


Hello! More than a year ago, you said almost the same 😂 (you can see it at page 3 of this discussion):
'It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...'

Well, as you can see, we are still online and still trades in profit even without lose 😄, but we have drawdown control on 23% - system will close all on stoploss, if we will reach 23% of drawdown.


Well I has to admit, you are doing good for a long time

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