FXCharger (by fxcharger) Quick Stats
Gain: +2199.73%
Drawdown: 21.88%
Pips: 1747.6
Trades: 525
Won:
Lost:
Type: Real
Leverage: -
Trading: Automated

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FXCharger Discussion
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fxcharger

Member Since Feb 16, 2016  68 posts fxcharger Jan 14 at 23:59
HMSTOMAHAWKTRD posted:
expensive robots to guarantee nothing and less in forex I only see bad reviews of this robot and it is very expensive right away

Hello!
Well, I think we are a truthful company, that is why we don't guarantee you the golden mountains. I can say you, that anybody who guarantees you that his system is 'holy grail' is a scammer - because it's Forex and you always must be ready to lose the money if you started trading. But we guarantee that our system has drawdown control and you will not lose more money than you have specified in the setting of EA - of course, if the broker will not fool you. And you can see this by seeing our two stop-loss for the entire trading period.

And yes, our EA is not a cheap one. But come on, the fifth year of trading on our account is coming, we have earned more than 2000%, we had stop losses and account still works good and everybody see it. It can't cost the same as EA with 6 months of live.
In our opinion, the price is fully justified, our software works much better than other EAs that cost lower price.

Of course, it's up to the client and you decide what is worthy of your money and time, we respect it.

3165

Member Since Oct 28, 2018  10 posts 3165 Jan 15 at 01:13
What's the cost?

HMSTOMAHAWKTRD

Member Since Feb 25, 2017  20 posts HMSTOMAHAWKTRD Jan 15 at 12:02 (edited Jan 15 at 12:07 )
fxcharger posted:
HMSTOMAHAWKTRD posted:
expensive robots to guarantee nothing and less in forex I only see bad reviews of this robot and it is very expensive right away

Hello!
Well, I think we are a truthful company, that is why we don't guarantee you the golden mountains. I can say you, that anybody who guarantees you that his system is 'holy grail' is a scammer - because it's Forex and you always must be ready to lose the money if you started trading. But we guarantee that our system has drawdown control and you will not lose more money than you have specified in the setting of EA - of course, if the broker will not fool you. And you can see this by seeing our two stop-loss for the entire trading period.

And yes, our EA is not a cheap one. But come on, the fifth year of trading on our account is coming, we have earned more than 2000%, we had stop losses and account still works good and everybody see it. It can't cost the same as EA with 6 months of live.
In our opinion, the price is fully justified, our software works much better than other EAs that cost lower price.

Of course, it's up to the client and you decide what is worthy of your money and time, we respect it.



that its results are satisfactory is not a general rule I think that in a more honest way it should be a more accessible system as there are others that even at no cost like a free trial for testing anyway... that kind of offer exists elsewhere and even with better results some Sometimes ..

rickyalpari_1

Member Since Jun 30, 2011  51 posts rickyalpari_1 Jan 15 at 15:30
rickyalpari_1 posted:
Acronotus posted:
rickyalpari_1 posted:
If anyone wants to follow an account ( my demo account with fxcharger on IcMarkets broker )
https://www.myfxbook.com/members/rickyalpari_1/icmarkets-fxcharger/3987541


It's completely useless for others if you set all the data on private... :P


Mmmm.. Do you want to copy the strategy or to check if the master real account perform the same trade?
Because my goal was only to check if the operation are equal not to show how the ea works..


The parameters are:
Max risk 35
Fix lot 0.01
Account 1000 euro

rickyalpari_1

Member Since Jun 30, 2011  51 posts rickyalpari_1 Jan 15 at 15:31
rickyalpari_1 posted:
Acronotus posted:
rickyalpari_1 posted:
If anyone wants to follow an account ( my demo account with fxcharger on IcMarkets broker )
https://www.myfxbook.com/members/rickyalpari_1/icmarkets-fxcharger/3987541


It's completely useless for others if you set all the data on private... :P


Mmmm.. Do you want to copy the strategy or to check if the master real account perform the same trade?
Because my goal was only to check if the operation are equal not to show how the ea works..


The parameters are:
Max risk 35
Fix lot 0.01
Account 1000 euro

dutchdevil

Member Since Sep 24, 2018  10 posts dutchdevil Jan 15 at 18:40
Hi FXCharger,

Just looked at your monthly profits again and what bothers me is that although your daily profit shows 0.22%, the monthly profit shows a minimal profit for the last 2 years. It seems that the main reason for your pretty decent daily profit comes from the first 2 years of running this EA; especially the first month you ran it (65% profit).

So it seems you dialed down quite a bit on the risk, making the EA look stable long term. If I actually analyze just the last year (2019), your daily profit seems to be only 0.02%.

fxcharger

Member Since Feb 16, 2016  68 posts fxcharger Jan 17 at 22:33
dutchdevil posted:
Hi FXCharger,

Just looked at your monthly profits again and what bothers me is that although your daily profit shows 0.22%, the monthly profit shows a minimal profit for the last 2 years. It seems that the main reason for your pretty decent daily profit comes from the first 2 years of running this EA; especially the first month you ran it (65% profit).

So it seems you dialed down quite a bit on the risk, making the EA look stable long term. If I actually analyze just the last year (2019), your daily profit seems to be only 0.02%.


Hello!
It's all about the algorithm of myfxbook, not about our profitability. Myfxbook calculates risk that depends on the current balance. For example, I have an account of $1000 and in the first month I have earned $1000 - it will show that my profit is 100%. In the next month, I have $2000 (1000 deposit + 1000 my previous profit). But I have not increased my lots (risks) and earned $1000 once more - at this time, myfxbook will show, that my profit is 50%. We have the same profitability in money, but in % profitability is lower, because the account is twice bigger now.
It's because myfxbook calculate daily, monthly profitability with an algorithm that is working right only with compound interest (increasing risk when deposit is getting bigger). At our account we didn't increase risks (lots) when the deposit is getting bigger.
That's the reason why our daily, monthly profitability in % looks decreasing, but actually it is on the same level almost all the time - only at the beginning of the account, we have higher risks. You will see it if you will analyze our profit in money.

You can easily check all my words by yourself at myfxbook parameters. Just go to the monthly tab at the bottom and click on the button 'More' and select 'Profit'. You will see our profitability in USD for each month. I have attached a screenshot.
Also, you can take the total profit of account 2194% and divide it on the total amount of trading months and you will get monthly profitability - you will see that monthly profitability will be much bigger than showed myfxbook.
Attachments:

dutchdevil

Member Since Sep 24, 2018  10 posts dutchdevil Jan 20 at 13:31
Hi, so in my eyes you are actually lowering risk over time. If you compare to any other form of investing or speculating, you’ll see that normally monthly profits in $$ will increase as your balance increases. Which makes sense, as it’s similarly fair for someone that commits $1,000,000 to your EA should have a larger yield than someone that commits only $1,000 right? To align with this, most EAs calculate lotsize based on some formula that relates it to your balance and your risk setting. As in your EA, the lotsize stays the same and your balance increases in time, this inherently means that your risk is lowered over time.

Does the EA have an option to switch to such an automated lotsize calculation and if so, have you tested this long term?

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