FXCharger (By forexstore)

The user has made his system private.

FXCharger Discussion

Aug 14, 2016 at 23:39
22,050 Views
395 Replies
Member Since Nov 26, 2016   95 posts
Aug 07, 2017 at 11:40
Not much to say here.
It will bring you profits until it has a drawdown of 35% (default settings).

Question is: How often will the drawback happen?
Obviously it didn't happen here by now, but it will!
Member Since Jan 28, 2011   51 posts
Aug 18, 2017 at 10:45
Their AUDUSD version of this crashed to zero... whooops.
Member Since Nov 26, 2016   95 posts
Aug 19, 2017 at 07:45
It's a question of greed.
For sure, if you risk 100% it will crash the complete account.

It' a miracle, that it doesn't have crashed before.
And if you get 1000% in a year, you can try with a small amount ;-)

Look at all those bitcoin junkies. ;-)
Member Since Feb 22, 2011   4862 posts
Aug 21, 2017 at 07:59
HedgeEdge posted:
Their AUDUSD version of this crashed to zero... whooops.

Didnt I say so?

vontogr (togr) Jun 15 at 13:52
togr posted:
It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

and account gone!
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Aug 21, 2017 at 23:47
togr posted:
HedgeEdge posted:
Their AUDUSD version of this crashed to zero... whooops.

Didnt I say so?

vontogr (togr) Jun 15 at 13:52
togr posted:
It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

and account gone!

Hello,
Well, you said it almost year ago 😄 As you can see our EURUSD version still trades very good and AUDUSD was too, until these days. But yes, AUDUSD pair had really bad trend for us and unfortunately we was trades with all our deposit, not as we recommend to our client's. We trade with such risks, because it requires from us by community. Nobody interested in systems, that makes 5-10% monthly, but with very reliable trading - unfortunately 😞 Just need to specify risk 20-30% in EA and your account will be always fine.
Member Since Apr 21, 2016   9 posts
Aug 25, 2017 at 10:58
Just released an update will see how it goes.. still sets up 2 trades one buy one sell almost at the same time then the profit is the difference..settings are default
Member Since Sep 05, 2017   1 posts
Sep 07, 2017 at 06:18
@fxcharger Why is your myfxbook account not updated? Have you not made any trades in September?
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 07, 2017 at 16:15
nickcamire posted:
@fxcharger Why is your myfxbook account not updated? Have you not made any trades in September?
Hi Nickcamire,
Account is updated, it was not show anything, because there are was no closed trades. But already you can see closed trades - we reached TakeProfit 😎
Member Since Nov 26, 2016   95 posts
Sep 07, 2017 at 17:12
Did you reduce risk, as announced some messages before?
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 07, 2017 at 21:38
MicF posted:
Did you reduce risk, as announced some messages before?
Hi! Yes, we did it a month ago.
Member Since Sep 07, 2017   1 posts
Sep 11, 2017 at 06:36
@fxcharger Hi If i copy your trades on my #10k ic markets mt4 account? what lotsize do i have to use ? will it be ficed or variable?
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Sep 21, 2017 at 15:54
faizanwazir1 posted:
@fxcharger Hi If i copy your trades on my #10k ic markets mt4 account? what lotsize do i have to use ? will it be ficed or variable?
Hi! We don't provide copy service for our system. But if you interested you can buy complete EA at our website: https://fxcharger.com/
TimeAhead
forex_trader_460086
Member Since Sep 15, 2017   14 posts
Sep 22, 2017 at 07:09
userpro1 posted:
 EAs do not work its a myth

I agree. Many people are misled by the high returns and don't understand the downside possibilities. Nothing beats manual, discretionary trading when done properly.
Member Since Nov 26, 2016   95 posts
Sep 22, 2017 at 09:19 (edited Sep 22, 2017 at 09:21)
Actually, there are a couple economists awarded for noble prices, why trading at all can't be successful.
Eugene Fama, Robert Merton, Robert Shiller (all separate prices and years)

And a lot of studies, that traders never beat the market in long term.
e. g. the monkey study

So why should an EA can do it?
In the end an EA is the monkey of upper mentioned study ;-)

So I rather have my monkey trading, as I know I'm not a lucky trader.
TimeAhead
forex_trader_460086
Member Since Sep 15, 2017   14 posts
Sep 24, 2017 at 06:26
MicF posted:
Actually, there are a couple economists awarded for noble prices, why trading at all can't be successful.
Eugene Fama, Robert Merton, Robert Shiller (all separate prices and years)

And a lot of studies, that traders never beat the market in long term.
e. g. the monkey study

So why should an EA can do it?
In the end an EA is the monkey of upper mentioned study ;-)

So I rather have my monkey trading, as I know I'm not a lucky trader.

I agree many cannot make it in trading. I've blown a few accounts myself. It seems most successful traders do not participate in forums like MFXB. Its mostly losers posting. In any case, having MFXB you can compare systems and see who does the best for the time being. You can follow them, and when they start to flame out, get out quick.
Member Since Jan 18, 2015   1 posts
Oct 08, 2017 at 06:51
fxcharger posted:
pipsquick1957 posted:
Risk control or not, this is a very aggressive and dangerous Martingale EA, where you have it trading at an increase of 400% per trade. It starts at 0.1, then up to 0.4, then 1.6, then 6.4 lots, then what 25.6 lots, its very easy way to blow any account up.

Generally speaking a Martingale system increases lot sizer from between 50-100% per trade against the trend, this one is running at more than 4x the normal Martingale increase in lot size.

Hello. Yes we have 4x multiplying on each trade (at EURUSD pair), but the fourth order is final. On this account we trade with 100% risk, that is why these lots looks a little bit scary. For example AUDUSD settings has x1.5 multiplying only.


ooups! Your extra safe settings for AUDUSD didn't help and you blown up your account :) When will you wipe out your last EURUSD account??? It's matter of time.
Member Since Nov 26, 2016   95 posts
Oct 08, 2017 at 09:50
I find it very funny, how people discuss here.

As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.

So knowing that, risk management is all that counts. And hence your personal risk bearing ability.

That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).

So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.

I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.

Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.

Mic
Member Since Aug 21, 2017   1 posts
Oct 20, 2017 at 09:12
Hello,
I wanted to ask you how this is going?
Yours sincerely
Member Since Oct 23, 2017   1 posts
Oct 23, 2017 at 14:53
i am using fx charger ,
so far so good, since they helped me to set my risk management.
i will update my review each month.
im using both eur usd and aud usd with 35 percent risk management for each.
its seems safe.
i trust you fxcharger, keep it up
forex_trader_305974
Member Since Feb 16, 2016   74 posts
Oct 24, 2017 at 11:13
MicF posted:
I find it very funny, how people discuss here.

As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.

So knowing that, risk management is all that counts. And hence your personal risk bearing ability.

That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).

So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.

I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.

Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.

Mic

Hi! I like the way you think. I have the same thoughts about some things that you described 😄
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