FXCharger (by fxcharger) Quick Stats
Gain: +2138.91%
Drawdown: 21.88%
Pips: 1700.9
Trades: 515
Won:
Lost:
Type: Real
Leverage: -
Trading: Automated

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FXCharger Discussion
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fxcharger

Member Since Feb 16, 2016  65 posts fxcharger 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



Attachments:

RedRhinoFX

Member Since Nov 09, 2013  395 posts Frank (RedRhinoFX) Sep 21 2016 at 14:11
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?

RedRhinoFX

Member Since Nov 09, 2013  395 posts Frank (RedRhinoFX) Sep 21 2016 at 14:11
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?

fxcharger

Member Since Feb 16, 2016  65 posts fxcharger 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.

fxcharger

Member Since Feb 16, 2016  65 posts fxcharger 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

Member Since Feb 11, 2011  1916 posts rob559 Oct 01 2016 at 16:06
wow ,won't last long

Raaymenx

Member Since Oct 25, 2015  262 posts RAYMOND MENSAH (Raaymenx) 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...

Raaymenx

Member Since Oct 25, 2015  262 posts RAYMOND MENSAH (Raaymenx) Oct 06 2016 at 06:30
Did u trade Brexit or shutdown system during that time...because your progress is very commendable

tankbeta

Member Since Aug 21, 2010  169 posts Rustan mallari (tankbeta) Oct 06 2016 at 08:26
very nice

Plan your trades and trade your plans.
BlissForex

Member Since Jan 04, 2013  1 posts BlissForex 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..???

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EURUSD 1.11174 GBPUSD 1.33352
USDJPY 109.351 USDCAD 1.31719

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.