FXCharger (By forexstore)

The user has made his system private.

FXCharger Discussion

Aug 14, 2016 at 23:39
22,109 Views
395 Replies
Member Since Feb 22, 2011   4862 posts
Apr 13, 2018 at 08:32
WayneO posted:
Hi Folks
I run FXCharger on the same platform with a USD JPY Signal Service that is not doing to well at the moment as well as another EA that trades only GBPUSD and EURUSD. So three different services that compliment each other, in my opinion, run on this same broker, all automated, I do not trade any manual trades on this account, but I do interfere with the trades from the signal service at times and currently have it completely disabled and will be cancelling that subscription at the end of the month.
Yes it is on this account https://www.myfxbook.com/members/WayneO/gomarkets/2441071 but it is the Signal Service that is causing all the DD which is obvious if one looks at the History and the USDJPY open trades.
However, USDJPY is trying really hard to go Long at the moment, so I shall continue to monitor the USDJPY open trades and react as necessary.
FXCharger is, as I said in my original post, slow, but steady and to date has not yet let me down.

Seems to be 'smart' martingale
Member Since Aug 18, 2010   62 posts
Apr 13, 2018 at 08:41
Yup, that is exactly what it is, but seems to be limited to 4 trades and then takes the SL to avoid a full meltdown of the account. That has as yet not happened to me thank goodness.
Just to justify my previous post regarding the multiple EA's and Signal on my account, there is a screenshot attached which shows the latest account condition and the current FXCharger trades opened on the 10th of this month.

Attachments:

It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Feb 08, 2018   6 posts
Apr 16, 2018 at 07:08
There is an 'fxcharger' trading eu on signalstart.... is this it?
Member Since Apr 06, 2018   254 posts
Apr 21, 2018 at 12:16
Another martingale system don't waste your money you will lose everything someday.
The market will trade through it’s path of least resistance .
Member Since Apr 22, 2018   15 posts
Apr 24, 2018 at 06:17
How much leverage do you need to trade this EA?
Life is like a box of trades, you never know what you are going to get.
Member Since Aug 18, 2010   62 posts
Apr 24, 2018 at 07:23
I am running at 1:100 but that is a personal choice.
It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Feb 22, 2011   4862 posts
Apr 24, 2018 at 12:11
WayneO posted:
Yup, that is exactly what it is, but seems to be limited to 4 trades and then takes the SL to avoid a full meltdown of the account. That has as yet not happened to me thank goodness.
Just to justify my previous post regarding the multiple EA's and Signal on my account, there is a screenshot attached which shows the latest account condition and the current FXCharger trades opened on the 10th of this month.

Well it seems to have max 4 postions
But the max position is 64 times bigger than the original
0.2 vs. 12.8 lots
03.28.2017 21:50 04.05.2017 00:58 EURUSD Buy 0.20 1.08068 1.06782 -128.6 -268.63 7d -1.47%
03.30.2017 21:50 04.05.2017 00:58 EURUSD Buy 0.80 1.06898 1.06782 -11.6 -115.60 5d -0.64%
03.31.2017 21:50 04.05.2017 00:58 EURUSD Buy 3.20 1.06806 1.06782 -2.4 -145.26 4d -0.81%
04.03.2017 21:50 04.05.2017 00:58 EURUSD Buy 12.80 1.06667 1.06782 11.5 1289.48 1d 7.27%
Member Since Apr 22, 2018   15 posts
Apr 25, 2018 at 06:53
So who can post results from their own trading experiences with this EA?

Life is like a box of trades, you never know what you are going to get.
Member Since Apr 22, 2018   15 posts
Apr 25, 2018 at 06:55
WayneO posted:
I am running at 1:100 but that is a personal choice.

OK thanks Wayne.

One question Wayne....which if your myfxbook accounts is running this EA?

Thanks
Life is like a box of trades, you never know what you are going to get.
Member Since Oct 10, 2010   31 posts
Apr 25, 2018 at 12:55 (edited Apr 25, 2018 at 13:00)
WayneO posted:
Hi Folks
I run FXCharger on the same platform with a USD JPY Signal Service that is not doing to well at the moment as well as another EA that trades only GBPUSD and EURUSD. So three different services that compliment each other, in my opinion, run on this same broker, all automated, I do not trade any manual trades on this account, but I do interfere with the trades from the signal service at times and currently have it completely disabled and will be cancelling that subscription at the end of the month.
Yes it is on this account https://www.myfxbook.com/members/WayneO/gomarkets/2441071 but it is the Signal Service that is causing all the DD which is obvious if one looks at the History and the USDJPY open trades.
However, USDJPY is trying really hard to go Long at the moment, so I shall continue to monitor the USDJPY open trades and react as necessary.
FXCharger is, as I said in my original post, slow, but steady and to date has not yet let me down.

Evening Wayne,
Looks promising mate. Can I recommend that you try FXBlue for analytics and compare to your MyFxbook, I find it is better for the analytics as you can then drill down to the magic number and pair, even time period to check out how individual systems are going. I like you currently have 4 EA's running on a Pepperstone account and like you they are designed as a portfolio to balance the equity curve so long as they are successful. FX Blue gives me the ability to isolate each system to see how it is performing and Like all systems time will tell.
I am currently looking into Charger myself, hence why I am here and like all MG systems while risky can be managed if done properly.
to a prosperous future to us all

Greg
Member Since Aug 18, 2010   62 posts
Apr 25, 2018 at 12:59 (edited Apr 25, 2018 at 13:00)
Hi Herden
It is runing on this account, but with another EA and a Signal service;
https://www.myfxbook.com/members/WayneO/gomarkets/2441071

Below is an extract of the trades from FXCharger for this month. As noted in an earlier post, this EA is slow and it is a martingale, but only goes 4 positions agaonst the trend with some serious multiplying, but so far so good for me.


The drawdown on the account is no way connected with the EA, it is from a bad call for JPY from the signal service.

Attachments:

It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Aug 18, 2010   62 posts
Apr 25, 2018 at 13:03
bluboy posted:
WayneO posted:
Hi Folks
I run FXCharger on the same platform with a USD JPY Signal Service that is not doing to well at the moment as well as another EA that trades only GBPUSD and EURUSD. So three different services that compliment each other, in my opinion, run on this same broker, all automated, I do not trade any manual trades on this account, but I do interfere with the trades from the signal service at times and currently have it completely disabled and will be cancelling that subscription at the end of the month.
Yes it is on this account https://www.myfxbook.com/members/WayneO/gomarkets/2441071 but it is the Signal Service that is causing all the DD which is obvious if one looks at the History and the USDJPY open trades.
However, USDJPY is trying really hard to go Long at the moment, so I shall continue to monitor the USDJPY open trades and react as necessary.
FXCharger is, as I said in my original post, slow, but steady and to date has not yet let me down.

Evening Wayne,
Looks promising mate. Can I recommend that you try FXBlue for analytics and compare to your MyFxbook, I find it is better for the analytics as you can then drill down to the magic number and pair, even time period to check out how individual systems are going. I like you currently have 4 EA's running on a Pepperstone account and like you they are designed as a portfolio to balance the equity curve so long as they are successful. FX Blue gives me the ability to isolate each system to see how it is performing and Like all systems time will tell.
I am currently looking into Charger myself, hence why I am here and like all MG systems while risky can be managed if done properly.
to a prosperous future to us all

Greg

Many thanks Greg, I do have it but only for Demo accounts at this stage, just my way of keeping track. Demo on Blue, Live on FXBook.
Your logic is 100% correct however and I reckon that I should maybe switch the live accounts to Blue?
It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Jul 18, 2014   24 posts
Apr 26, 2018 at 06:53
hello does this use the default or Automated setting? there is advanced option in the ea but not sure
Member Since Oct 10, 2010   31 posts
Apr 26, 2018 at 08:19
WayneO posted:
bluboy posted:
WayneO posted:
Hi Folks
I run FXCharger on the same platform with a USD JPY Signal Service that is not doing to well at the moment as well as another EA that trades only GBPUSD and EURUSD. So three different services that compliment each other, in my opinion, run on this same broker, all automated, I do not trade any manual trades on this account, but I do interfere with the trades from the signal service at times and currently have it completely disabled and will be cancelling that subscription at the end of the month.
Yes it is on this account https://www.myfxbook.com/members/WayneO/gomarkets/2441071 but it is the Signal Service that is causing all the DD which is obvious if one looks at the History and the USDJPY open trades.
However, USDJPY is trying really hard to go Long at the moment, so I shall continue to monitor the USDJPY open trades and react as necessary.
FXCharger is, as I said in my original post, slow, but steady and to date has not yet let me down.

Evening Wayne,
Looks promising mate. Can I recommend that you try FXBlue for analytics and compare to your MyFxbook, I find it is better for the analytics as you can then drill down to the magic number and pair, even time period to check out how individual systems are going. I like you currently have 4 EA's running on a Pepperstone account and like you they are designed as a portfolio to balance the equity curve so long as they are successful. FX Blue gives me the ability to isolate each system to see how it is performing and Like all systems time will tell.
I am currently looking into Charger myself, hence why I am here and like all MG systems while risky can be managed if done properly.
to a prosperous future to us all

Greg

Many thanks Greg, I do have it but only for Demo accounts at this stage, just my way of keeping track. Demo on Blue, Live on FXBook.
Your logic is 100% correct however and I reckon that I should maybe switch the live accounts to Blue?

They work for me mate, demo or Live, For me it is all about knowing whats going on and being able to analyze each system on its own accord and within the portfolio.

Greg
Member Since Aug 18, 2010   62 posts
Apr 26, 2018 at 09:01
ramsey posted:
hello does this use the default or Automated setting? there is advanced option in the ea but not sure
My settings below. Running ona Live account with GoMarkets Australia.


Attachments:

It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Apr 22, 2018   15 posts
Apr 27, 2018 at 09:34
Thanks for your input Wayne!
Life is like a box of trades, you never know what you are going to get.
Member Since Feb 20, 2018   2 posts
May 03, 2018 at 06:44
WayneO posted:
ramsey posted:
hello does this use the default or Automated setting? there is advanced option in the ea but not sure
My settings below. Running ona Live account with GoMarkets Australia.


Hi Wayne,
I wanna ask, this is setting for standard version or advance version?
fyi, I want to try this fxcharger, i was considering which version I'm going to take.
Member Since Nov 26, 2016   95 posts
May 03, 2018 at 07:18 (edited May 03, 2018 at 07:21)
Here are the advanced settings.

<edit>upload timed out
Member Since Aug 18, 2010   62 posts
May 03, 2018 at 10:43
Those are for the standard version.
It's amazing what you can accomplish if you don't care who gets the credit.
Member Since Nov 26, 2016   95 posts
May 03, 2018 at 11:02
For some reasons I can't upload an image, so here are the advanced options:

EA_Mode Auto Setting
Custom Mode not recommended

Lots_multiplier 1.5
TakeProfit 40
no_StopLoss False
Opposite_trade true
Max_orders 10
Start_hour 0
Start_Min 0
Open_anyway false
Inverted_Signal false
... and some MA settings


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