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FXMAXIMAL V2.03 - REAL (By FXFIM)

Gain : +2554.88%
Drawdown 6.88%
Pips: 1277.0
Trades 431
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Unknown

FXMAXIMAL V2.03 - REAL Discussion

robrob (robrob)
Apr 28 2017 at 11:10
7 posts
Jettisonman
Apr 28 2017 at 11:14
27 posts
They haven’t updated because the system sustained losses of around $20000 when the Euro gapped over the weekend. They had sell trades open just before close of trading Friday on EUR/GBP and EUR/AUD. To me this is not the system’s fault as the system up to now appears to be quite profitable, but the user’s fault. Common sense has to prevail, and at the end of the day, who is going to leave an automated system to open trades on pairs that are likely to be affected by gaps over the weekend.

Also the FX Blue xcel statement indicates lot sizing to be 4 standard lots across the board. The starting balance was $2000. Don't know about you guys but 4 standard lots on a 2K account is a bit rich.

I'm thinking the monthly returns are organically decreasing as a percentage of the overall account because the lot sizing is not increasing. While ever the lot sizing stays the same and the account continues to grow, the percentage return is naturally going to get less and less.

Definitely not martingale, and appears to use fractals to determine the exit if I'm reading the statement right. What I don't understand is the broker he's using, PaxForex. Not sure about their live accounts, but their demo spreads are terrible.

Jettisonman
Apr 28 2017 at 11:15
27 posts
Also the EA is marketed through Click2Sell which offers a 90 day money back guarantee. Chase them for a refund not him.

Jettisonman
Apr 30 2017 at 06:22
27 posts
Not sure how long the website has been up for, but it appears it was only added to the Click2Sell marketplace on the 18/4. Dare say we may see this one removed as well after the weekend. He's still up 30k but it's a massive hit. I'm actually still really encouraged by the results I'm seeing, perhaps just with a bit of human intervention when required, and maybe some adjustments in the settings to the lot sizing. Looking at how profitable it has been, there really is no need to take those sorts of risks of leaving it trade over the weekend, especially that weekend and with those pairs??

clemmo
Apr 30 2017 at 06:38
10 posts
I asked for a demo and was denied. Hopefully someone will try it and post a review. For me there are too many red flags.

UsY4dEH4GLuD
Apr 30 2017 at 10:58
25 posts
I agree. If the EA delivers enough profit to pay for the EA in less than a month a refund offer would be no risk for the seller (who would cancel such a money making machine?). Denying the possibility of a refund indicates that more is promised than provided.

Jettisonman
Apr 30 2017 at 11:56
27 posts
I am looking at reviewing it as a part of my website. I am just waiting on the developer to clarify a few things in terms of lot size adjustment and demo account changes as I want to test it on a few different brokers first before going live. If I proceed I will post the links to the account here.

robrob (robrob)
May 01 2017 at 11:01
7 posts
i email them but didn't get any reply from them.

Sunnyday (Sunnyday)
May 02 2017 at 09:14
157 posts
it is not a night scalper, it works around the clock according to the myfxbook statement. can someone tells me if it trade with stop loss?

Sunnyday (Sunnyday)
May 02 2017 at 09:14
157 posts
looks like it is a trade copier.

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