FXJETBOT Discussion

Runing at 40% risc at moment with 25-30% profit per month.
Presuming its just one user its silly btw.

m0rius posted:
Runing at 40% risc at moment with 25-30% profit per month.
Presuming its just one user its silly btw.

I didn't presume that, but EA authors often find ways to make it work / look better than it would work usually. Which can be seen from you: 25% with 40% risk looks very different than the 150% on the authors account in November and December.
And I just want to see it run on other accounts. I can't see it on yours. If it works so well, why not share it?

Sure, i can do that.
An excell report on MT5 acount would be enuff for you?

Why don't you show it here? That's what this site is for.

You still wouldnt see risk settings if i did that.
Get the EA and test it on a demo acount and see whats what.

m0rius posted:
You still wouldnt see risk settings if i did that.
Get the EA and test it on a demo acount and see whats what.

Of course I could. 1200 pips SL, so it's easy to see from the trade size.

If you guys have questions, we as users can trie to help but i see you guys had problems with other EA and are realy negative here.

I feel i cant help you here so goodluck.

 

m0rius posted:
If you guys have questions, we as users can trie to help but i see you guys had problems with other EA and are realy negative here.

I feel i cant help you here so goodluck.

It's really simple, just make your account public. That's what this platform is there for, isn't it? To share information about the systems.

Why is the track record all of a sudden not verified?

Found this post by occasion. I bought the FXJet a few week ago and was testing it on a demo account. I really like it. Honestly, it is a really good EA for several reasons:
- The system, on which it is sold makes sure, that the EA places (copies) exactly the same positions as on the MyFxBook account. I tried other systems before and it was usually a huuuge issue. 'Your broker, your spread, your xxx...' This one tries really hard to deliver the same stuff the author sells here.
- The EA uses usally 2 positions before hitting SL. Last week SL of EURUSD was hit. I felt that the distance between these two position was adjusted to low volatility times. Anyway, the EA has a 'okish' SL of 'only' one week of profits. So also according to the track record, you will need about one week to recover. And these events happen only from time to time.
- I am not affiliated with the author. I just know how much work it is to build an EA of that quality and really appreciate the work.

Good information, the 2 eurusd orders weren't closed by sl though it was a forced market close. At least on my account.

Kjames518 posted:
Good information, the 2 eurusd orders weren't closed by sl though it was a forced market close. At least on my account.

Interesting, thanks! What is a 'forced market close'? Pattern based decision of the EA to close? Or eventually manual close by the operator?

Not sure exactly, one or the other is my guess.. still studying the ea to learn the ins and outs.. i just want to know why the track record isnt verified anymore, thats what concerns me.

EugenGFu posted:
Found this post by occasion. I bought the FXJet a few week ago and was testing it on a demo account. I really like it. Honestly, it is a really good EA for several reasons:
- The system, on which it is sold makes sure, that the EA places (copies) exactly the same positions as on the MyFxBook account. I tried other systems before and it was usually a huuuge issue. 'Your broker, your spread, your xxx...' This one tries really hard to deliver the same stuff the author sells here.
- The EA uses usally 2 positions before hitting SL. Last week SL of EURUSD was hit. I felt that the distance between these two position was adjusted to low volatility times. Anyway, the EA has a 'okish' SL of 'only' one week of profits. So also according to the track record, you will need about one week to recover. And these events happen only from time to time.
- I am not affiliated with the author. I just know how much work it is to build an EA of that quality and really appreciate the work.

Well it is recovered very quickly because a huge trade is opened which most often wins back the losses, but could also just lead to blow the account. Apparently there is a drawdown protection in place, which makes the system even more strange (if you have a SL, why would you need a drawdown protection?)

So if you run the system, why don't you publish the account?

the track record seems to be verified now.
i dont see any new big position on EURUSD.

m0rius posted:
i dont see any new big position on EURUSD.

Well, the next EURUSD position will be very large with the potential to blow the account (if there's no drawdown protection).
At least that's what should happen according to the system. Don't you agree?

'Hi blackmole!
Yes, you are right we use the active system of drawdown control. StopLoss for the recovering trades ('big trades') uses a big range. If a specified drawdown occurs this recovering trade will close by the robot, not by StopLoss. So this calculation is not suitable in this case.'

All EA have a way of getting back the loss fast if there is cash left in the acount.
I agree with you that is risky.
In my case the EA stoped at 20% of the cash that the EA was working with.
No big positions yet.

So the EA is free and named ILAN bot and they renamed it?
So what are you doing here?