FXCharger (By forexstore)

The user has made his system private.

FXCharger Discussion

Aug 14, 2016 at 23:39
20,906 Views
395 Replies
Member Since Feb 22, 2011   4862 posts
Feb 21, 2020 at 08:26
togr posted:
3165 posted:
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.

My BT of my own system are still running.
It is pretty slow as it is tick data BT with 99.9% precision
As you can see even with occasional spikes it had never hid stop loss at 15% DD. Max DD was about 13%.
The trading logic is the same aggressive one - not doubling but quadrupling trade size.
On the other hand I have limited number of such trades to decrease risk/burden

Your screenshot has nothing to show.
No numbers, No size of lots, No 99.9% modeling quality printed on the gif you upload.
We need more revealed details. As I showed earlier.

That is what mt4 is showing, I can't change that :)
More details are possible only once it finishes and generates the report. It is at 2017/12/20 now2018/10/02 now
Member Since Nov 26, 2016   95 posts
Feb 21, 2020 at 09:57
I did a BT with 99,9% tickdata, too some years ago, but I always got at least one drawdown.
I used Dukascopy's data.
And the EA doesn't allow backtesting before 2012 (if I recall it correctly).
Member Since Feb 22, 2011   4862 posts
Feb 21, 2020 at 14:26
MicF posted:
I did a BT with 99,9% tickdata, too some years ago, but I always got at least one drawdown.
I used Dukascopy's data.
And the EA doesn't allow backtesting before 2012 (if I recall it correctly).
how much was the DD?
Member Since Nov 26, 2016   95 posts
Feb 23, 2020 at 15:35
As much, as I set the risk.
The risk value is definitely obeyed.
Member Since Feb 22, 2011   4862 posts
Feb 24, 2020 at 12:12
MicF posted:
As much, as I set the risk.
The risk value is definitely obeyed.
Really, that is so much revealing answer :)
Member Since Feb 25, 2020   1 posts
Feb 25, 2020 at 14:52
Hi,

how much deposit for using this??, what best brokers recommended?

BR
Member Since Jul 26, 2010   88 posts
Mar 02, 2020 at 05:49
This the worst EA I see another consecutive loss is targeted, do not use it at all !
hardi2020 posted:
Hi,

how much deposit for using this??, what best brokers recommended?

BR
Member Since Feb 22, 2011   4862 posts
Mar 02, 2020 at 07:30
It is hard to trade nowadays.
Markets are crazy due to Coronavirus
Member Since Mar 02, 2020   10 posts
Mar 02, 2020 at 16:01
togr posted:
It is hard to trade nowadays.
Markets are crazy due to Coronavirus

True cut them some slack. Good Ea as I recall. Sorry for the stop losses
Member Since Oct 28, 2018   23 posts
Mar 06, 2020 at 01:29
togr posted:
It is hard to trade nowadays.
Markets are crazy due to Coronavirus

I disagree.
Coronovirus has nothing to do with it.
It is all about adding features that this moderator ignores.
My set of param provides profit for both Short and Long trades at these days as well.
Member Since Mar 19, 2016   2 posts
Mar 07, 2020 at 00:20
Coronvirus came with a lot of opportunities for the trend following systems and all the systems based on direction
And has came with alot of pain to the systems which based on corrections and retresments.
Lawrence
JapaneseGroupFx
forex_trader_1153031
Member Since Feb 28, 2020   77 posts
Mar 07, 2020 at 06:37
Fxswdn posted:
Coronvirus came with a lot of opportunities for the trend following systems and all the systems based on direction
And has came with alot of pain to the systems which based on corrections and retresments.

Corona virus really made us huge profits I must admit.
Member Since Nov 26, 2016   95 posts
Mar 08, 2020 at 11:36
Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.
Member Since Feb 18, 2020   19 posts
Mar 12, 2020 at 14:35
MicF posted:
Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.

math is not really my strong side - can you explain it to me?
Member Since Nov 26, 2016   95 posts
Mar 12, 2020 at 15:14
It is called stochastically independent i. e. if you roll a dice your chances to get a 6 is 1/6 at the first try and will be 1/6 at any further tries.
So even if you rolled the dice 100 times and didn't get any 6, the chances you would get a 6 in the 101st try are still 1/6.
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Mar 12, 2020 at 15:25
MicF posted:
Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.

Hello MicF,
Yes, double loss is very sad for us and for our clients. But anyway, we never told that it's impossible, do not change the meaning of our words, please. And about your words 'BTW the statement is mathematically wrong anyway. ' - I would like to draw your attention to the fact that this is not about mathematics at all, but about probability theory. This is a big difference 😄

Here is my old post about it:
'If you do not take into account all the factors, then you are right. But in our situation, you need to take into account history. A simple example: What is the chance of eagle side of the coin, when you toss it? It's easy, the chance of each side is 50/50%. If we toss coin 100 times, approximately we will get 50 eagles and 50 tails. But if will be the situation, that we toss the coin 50 times, and get the eagle side only 10 times and 40 times of another side of the coin. For the next 50 times of tosses, the chance will be the same 50/50? Or we understand that now probability theory will 'try' to balance the scales of probability and next 50 times of tosses, will have approximately 40 eagles and 10 another side of the coin.

This is a primitive (rough) example, but it shows approximately what I mean. There are many factors that make an effect on the probability. We can't get guaranty from probability, but we can have it on our side and use it.'


As I told previously (old post) in the last sentence, we can't get guaranty from probability theory (unlike math). We just try to get the probability on our side and made some profit from it. Unfortunately, the situation at the market very and very dangerous, there are many not typical movements at the market - it caused the second stoploss. That is why we stopped trading at the moment and will restart it a little bit later when the situation will stabilize.

Member Since Nov 26, 2016   95 posts
Mar 12, 2020 at 16:08
You are right and I am wrong ;-)
Member Since Oct 28, 2018   23 posts
Mar 12, 2020 at 23:11
You are all focusing in the wrong reason that caused this loss.
My set of params for the same strategy is in profit. All the way.
Look at screenshot for the last few months.




Attachments:

Member Since Nov 26, 2016   95 posts
Mar 13, 2020 at 06:47
More description would be nice :-)
Member Since Sep 28, 2015   7 posts
Mar 19, 2020 at 18:37
This is a basic strategy of semi martingale. Basically open 2 initial positions 0.01 lots each, long and short with a take profit of 100 pips. Wait for one to trigger and martingale the losing position by adding incremental lots once a day at the end of the day. Do until 1% of equity is hit and close all the losing positions. The key questions are how many to positions to add and at what lot increments per position to add? One can examine by looking at the trade history.
Trade to trade well, not to make money, when you trade well, money will come!
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