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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

FXCharger Discussion

Wayne Ovenstone (WayneO)
Apr 25 2018 at 12:59
53 posts
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.
Wayne Ovenstone (WayneO)
Apr 25 2018 at 13:03
53 posts
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.
Stead (ramsey)
Apr 26 2018 at 06:53
22 posts
hello does this use the default or Automated setting? there is advanced option in the ea but not sure
Greg (bluboy)
Apr 26 2018 at 08:19
30 posts
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
Wayne Ovenstone (WayneO)
Apr 26 2018 at 09:01
53 posts
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.
Herden (Herden)
Apr 27 2018 at 09:34
15 posts
Thanks for your input Wayne!
Life is like a box of trades, you never know what you are going to get.
Rafael (Rafael)
Apr 27 2018 at 14:08
55 posts
Herden posted:
Thanks for your input Wayne!
+1 first useful post concerning settings without other useless info.
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
Wayne Ovenstone (WayneO)
Apr 27 2018 at 14:14
53 posts
Rafael posted:
Herden posted:
Thanks for your input Wayne!
+1 first useful post concerning settings without other useless info.

My pleasure folks. Have a great weekend.
It's amazing what you can accomplish if you don't care who gets the credit.
andiyuliarto
May 03 2018 at 06:44
2 posts
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.
MicF
May 03 2018 at 07:18
95 posts
Here are the advanced settings.

<edit>upload timed out
Wayne Ovenstone (WayneO)
May 03 2018 at 10:43
53 posts
Those are for the standard version.
It's amazing what you can accomplish if you don't care who gets the credit.
MicF
May 03 2018 at 11:02
95 posts
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


andiyuliarto
May 03 2018 at 12:23
2 posts
Thanks for the answer Wayne and MicF :)
Herden (Herden)
May 04 2018 at 12:18
15 posts
WayneO posted:
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.

Thanks Wayne!

So just for me to know, how can I isolate the trades you are making with Fxcharger from your other EAs, signals, manual trades?

Thanks
Life is like a box of trades, you never know what you are going to get.
Wayne Ovenstone (WayneO)
May 04 2018 at 13:01
53 posts
Hi Herden
Unfortunatly you cant with the current system. It would mean me having to open my trades to all and that is then where people would start to copy my trades. While I dont sell a signal service on this site, I do have a service elsewhere and I would not like to have that compromised by any of my test accounts as some trades are replicated.
I am however happy to show you the trades as I have below or save them to excel and post on a weekly basis if that will help?
Sorry
Wayne

Herden posted:
WayneO posted:
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.

Thanks Wayne!

So just for me to know, how can I isolate the trades you are making with Fxcharger from your other EAs, signals, manual trades?

Thanks
It's amazing what you can accomplish if you don't care who gets the credit.
Wayne Ovenstone (WayneO)
May 04 2018 at 13:05
53 posts
Current update as at the time of this post with two open trades, cancelling each other out at around £3.98.


Attachments:

It's amazing what you can accomplish if you don't care who gets the credit.
Herden (Herden)
May 06 2018 at 06:07
15 posts
WayneO posted:
Hi Herden
Unfortunatly you cant with the current system. It would mean me having to open my trades to all and that is then where people would start to copy my trades. While I dont sell a signal service on this site, I do have a service elsewhere and I would not like to have that compromised by any of my test accounts as some trades are replicated.
I am however happy to show you the trades as I have below or save them to excel and post on a weekly basis if that will help?
Sorry
Wayne

That would be great, many thanks Wayne!!
Life is like a box of trades, you never know what you are going to get.
Herden (Herden)
May 06 2018 at 06:10
15 posts
BTW, I think there's a lot of interest in FXCharger -and from what I see- your experience as well with this group of EA traders:

https://forexinforum.com/forum/index.php?threads/fxcharger-ea-any-thoughts.334/

Maybe you want to share your thoughts with them as well?
Life is like a box of trades, you never know what you are going to get.
Wayne Ovenstone (WayneO)
May 06 2018 at 06:54
53 posts
You are welcome to share any comments I make here with that forum. 😄
Right now I have a few forums I am a member of and am pretty sure I do not have the time to get involved in a forum discussion regarding this EA.
Fact is, given what I know now and even though this EA has been profitable till now on my test account, I would not purchase it if it presented itself again.
It is just too slow to realise profits for me, but having said that, given what I have seen to date and if I was in my 20's, I'd buy this EA, put it on a £1000 account, leave it alone to compound for 30 years and my retirement would be sorted trading lot size set by % of equity?

And to the people out there that continually shout martingale, this will at some stage have losses, agreed, but the current version in it's configuration should not ever kill your account.

Herden posted:
BTW, I think there's a lot of interest in FXCharger -and from what I see- your experience as well with this group of EA traders:

https://forexinforum.com/forum/index.php?threads/fxcharger-ea-any-thoughts.334/

Maybe you want to share your thoughts with them as well?
It's amazing what you can accomplish if you don't care who gets the credit.
Greg (bluboy)
May 06 2018 at 07:37
30 posts
I have found that the best solution is to have a range of EA's that have different styles of strategies to help with the equity curve, so long as they have proved at first in a true backtest to have a chance and then on a LIVE demo, from there I would then go Live.
IS true what Waynes said with the setting to set a risk on your account this would not blow up your account but could erode over time possibly if it continually had the losing jumps. I currently have 4 EA's that I have happily gone live with and run another 5 including FX Charger on Live Demo's. All EA's are backtested before wasting my time and efforts on Live testing.
I also hav e1 I have my eye on but that is for the future if I decide to go ahead with the purchase of it.

Like Wayne says Charger is slow due to the length its trades can be open for and the lot sizes due to the fact it is a martingale type, BUT you can customize your settings to get away from that if preferred which is better than some EA's I have seen where those options aren't available.

Cheers
Greg
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