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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
3165
Mar 20 2020 at 15:03
23 posts
henrytyler
Apr 17 2020 at 12:04
9 posts
waiting for the market to recover from this virus so I can use this ea again.
great product.

3165
Apr 19 2020 at 01:07
23 posts
3165 posted:
Option B: SL is hit, account will have a huge drawdown and the first initial trades' size will be modified from 0.1 lot to 0.4 lot until drawdown is covered. So lot sizes will be: 0.4, 1.6, 6.4, 25.6....

It should take a few months to recover if at all.

Good luck!


I am right again.
fxcharger modified initial lots after SL hit. It begins now with initial 0.5 lot (instead of 0.1 lot) - Huge risk!

MicF
Apr 21 2020 at 07:55
95 posts
3165 posted:
3165 posted:
Option B: SL is hit, account will have a huge drawdown and the first initial trades' size will be modified from 0.1 lot to 0.4 lot until drawdown is covered. So lot sizes will be: 0.4, 1.6, 6.4, 25.6....

It should take a few months to recover if at all.

Good luck!


I am right again.
fxcharger modified initial lots after SL hit. It begins now with initial 0.5 lot (instead of 0.1 lot) - Huge risk!


That's what he said. Lightning strike theory ;-)
He's very transparent here.

3165
Apr 21 2020 at 10:57
23 posts
MicF posted:
3165 posted:
3165 posted:
Option B: SL is hit, account will have a huge drawdown and the first initial trades' size will be modified from 0.1 lot to 0.4 lot until drawdown is covered. So lot sizes will be: 0.4, 1.6, 6.4, 25.6....

It should take a few months to recover if at all.

Good luck!


I am right again.
fxcharger modified initial lots after SL hit. It begins now with initial 0.5 lot (instead of 0.1 lot) - Huge risk!


That's what he said. Lightning strike theory ;-)
He's very transparent here.

Can you please refer me to that?

MicF
Apr 23 2020 at 21:37
95 posts
Here

fxcharger posted:
RoboFX123 posted:

Yes it is same account as is in signalstart. Now the vendor changed the risk. Start firts lot is from 0.10 to 0.35 lots. He wants to quickly catch up with the loss and hence stopped tracking on myfxbook. He is desperate.


Hello!
We always said, that there are no systems that never get loss. I told that it will happen someday with our robot but it's not so scary. Sooner or later the loss will be anyway 😄. That is why we recommend to use drawdown control in our EA.
Yes, you are right, we changed risks, to be able to recover deposit fast. And this idea is damn good because of two factors:
1. As you can see FXCharger has no losess from 2013 year at backtests. And this also proves by live trading from very begining of 2016 year. So we can co we can conclude that losess is a very rare thing for our system. And what is the chance that it will have second loss in near period? It's very and very small chance of that. This couple of months is the best moment to have larger risks and greater profitability.
2. Nobody like drawdowns and then recover the deposit for long time. But with our system risk of second loss is so very low, that we can recover our profits for very quick period of time.

'He is desperate' - It is not so 😁 Everything is fine. We have low drawdown.

MicF
Apr 23 2020 at 21:39
95 posts
And Here

fxcharger posted:
MicF posted:
So we can co we can conclude that losess is a very rare thing for our system. And what is the chance that it will have second loss in near period? It's very and very small chance of that. This couple of months is the best moment to have larger risks and greater profitability.
2. Nobody like drawdowns and then recover the deposit for long time. But with our system risk of second loss is so very low, that we


That's obviously statistically not valid.
If you roll a dice and score a 6, the chance to get a 6 on the second roll is exactly the same like the first time, 1/6.


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. 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 eagle side only 10 times and 40 times of another side of the coin. For the next 50 times of tosses, 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 coin.

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

henrytyler
May 08 2020 at 04:22
9 posts
MicF posted:
And Here

fxcharger posted:
MicF posted:
So we can co we can conclude that losess is a very rare thing for our system. And what is the chance that it will have second loss in near period? It's very and very small chance of that. This couple of months is the best moment to have larger risks and greater profitability.
2. Nobody like drawdowns and then recover the deposit for long time. But with our system risk of second loss is so very low, that we


That's obviously statistically not valid.
If you roll a dice and score a 6, the chance to get a 6 on the second roll is exactly the same like the first time, 1/6.


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. 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 eagle side only 10 times and 40 times of another side of the coin. For the next 50 times of tosses, 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 coin.

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


what's your point?

MicF
May 08 2020 at 11:33
95 posts
The question was ...
Can you please refer me to that?

... and I did.

Matt (BluePanther)
May 12 2020 at 06:09
1344 posts
MicF posted:
The question was ...
Can you please refer me to that?

... and I did.


Trading is not guaranteed. There is no system that gives 100% win / 0% loss.
Your advice given is honest and welcome by those that want to understand and grow.
Thank you sir. 😎

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