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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
MicF
May 18 2020 at 08:14
95 posts
BluePanther posted:
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. 😎


I didn't give any advice, I just referred to an answer of the creator of FXCharger.
Nothing less, nothing more.

Matt (BluePanther)
May 18 2020 at 09:02
1344 posts
MicF posted:
BluePanther posted:
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. 😎


I didn't give any advice, I just referred to an answer of the creator of FXCharger.
Nothing less, nothing more.


Well done. Thank you. 😎

Forex Heist EA (forexheistea)
May 19 2020 at 18:50
42 posts
57% DD is high, how does system works? by averaging trades? I am unable to understand the logic of taking trades and then holding them for weeks instead closing at SL.

Earn Money Like Never Before
MicF
May 19 2020 at 19:02
95 posts
forexheistea posted:
57% DD is high, how does system works? by averaging trades? I am unable to understand the logic of taking trades and then holding them for weeks instead closing at SL.


there is a certain SL up to 100%, depending on the risk setting.
all 4 Trades will be closed at this SL.

each new trade quadruples the lot size, to catch up with losses from the current trades.

Drolph
Jun 04 2020 at 07:50
28 posts
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

Afron
Jun 04 2020 at 11:31
230 posts
Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.


www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

Attachments:


fxcharger
Jun 04 2020 at 15:11
73 posts
Hello everyone!
Yes, it's very sad, but our account is gone. Unfortunately Covid-19 period was too complex for FXCharger. Our Forex robot successfully traded for more than 4 years. We are working on some good update and I hope we will back with even better results in the future.

We are really sorry and upset about the loss that our clients got. We tried to do all we can from our side to avoid this. Anyway, it's Forex and unfortunately, no one is completely safe 😞

LongVision
Jun 04 2020 at 18:19
254 posts
Afron posted:
Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.


www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

The market will trade through it’s path of least resistance .
marco_mmbiz
Jun 05 2020 at 08:24
333 posts
LongVision posted:
Afron posted:
Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.


www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.


At the end martingale-strategies are not that bad, they're only bad if there are no good SL's on it compared to the risk-reward-ratio. If the max. SL with 0.50lot is 100pips then I can't just use the same max. SL with 5.00lot, you'd have to use an SL at around 10pips then (5lot/0.5lot=10x; 100pips/10x=10pips) to stay close to the same RR. Just my thought about it; it is really close to gambling.

patience is the key
Matt (BluePanther)
Jun 05 2020 at 09:06
1344 posts
fxcharger posted:
Anyway, it's Forex and unfortunately, no one is completely safe 😞


No one? The Big Banks are still trading - why would they if they lost money also?

It is not that forex is completely unsafe. It is that the strategy employed is not safe, or rather, has a “fail safe” to prevent this such catastrophic account loss.

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