FXMower (by fxmower) Quick Stats
Gain: +1063.17%
Drawdown: 38.99%
Pips: -432.2
Trades: 284
Won:
Lost:
Type: Real
Leverage: -
Trading: Automated

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FXMower Discussion
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fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jun 21 2017 at 05:43
jaruw posted:
@fxmower

137 trades for 12 month - this LOL trade for EA - THIS MANUAL TRADE!!!

You strongly disingenuous, giving out a rare manual trade, for trade advisor! I figured out your system for history.


Hello! Thank you for your interest in our system, but your conclusion is wrong smiley
There are many different strategies in EAs and you can't say is it manual or auto trading just taking into account amount of trades.

Our robot make many calculations to find the best moment to open the trade, that is why it doesn't open orders everyday. This is absolutely 100% auto trading of our EA and if you will buy FXMower you will get the same trades on your account. Also you can compare our backtest (available on our website) with live results and you will see that it has same rare trades. And the last thing, here is screenshot of MT with comment of order (it said it is EA and it has ID).
Attachments:

Hetzner

Member Since Feb 15, 2017  4 posts Hetzner (Hetzner) Jun 21 2017 at 10:09
fxmower posted:
hunter_cartelera posted:
Win Pips: -247.3

GRID + MARTINGALE system = LOSS inevitably


Hello! I am sorry, but your analysis is wrong, it's not a grid system. But you are right about the 'loss' it is inevitably for absolutely all systems. For systems loss could be rarely or often - as you can see we have trading about a year without loses. Our system is strong and I believe it will trade for a long time without loses, but some day it will happen, that is why we use drawdown control and system knows how to restore any loss, if it will happen some day wink


People are not stupid. All his strategies are martingale without Stop Loss!

Blow account: https://www.myfxbook.com/members/FXDiverse/fxdiverse-2/1523484

When people find out the truth makes a new page, uses a different currency pair, changes the name of EA and leaves the same the strategy (Martingale).

Same vendors all EAs in Server: https://www.scamadviser.com/check-website/fxmower.com
Attachments:

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jun 22 2017 at 11:45
Hetzner posted:
fxmower posted:
hunter_cartelera posted:
Win Pips: -247.3

GRID + MARTINGALE system = LOSS inevitably


Hello! I am sorry, but your analysis is wrong, it's not a grid system. But you are right about the 'loss' it is inevitably for absolutely all systems. For systems loss could be rarely or often - as you can see we have trading about a year without loses. Our system is strong and I believe it will trade for a long time without loses, but some day it will happen, that is why we use drawdown control and system knows how to restore any loss, if it will happen some day wink


People are not stupid. All his strategies are martingale without Stop Loss!

Blow account: https://www.myfxbook.com/members/FXDiverse/fxdiverse-2/1523484

When people find out the truth makes a new page, uses a different currency pair, changes the name of EA and leaves the same the strategy (Martingale).

Same vendors all EAs in Server: https://www.scamadviser.com/check-website/fxmower.com


Hello, disgruntled competitor with fake account smiley You have recently registered account and you have only 4 posts with similar content. Given this, I do not see the need to explain anything to you. But I will be glad to do it for all our community. Presence of martingale doesn't mean the same strategies, it's sounds just as silly as words that all strategies with out martingale is the same.
I want to assure you that all strategies absolutely different and moreover developed by different people and supported also by different staff. We just work on the same platform (company) which give us possibility to quietly develop (without stress) systems and bring them to traders. Most of all products is absolutely separate from each others and has their own staff. But they use the same web server. If the company so badly wanted to hide it, they would take a dozen different servers. But for them it is not so important because all products that they support is good and has the best supporting - all have good reputation.

Thank you guys for your support!

bestfxbot

Member Since Feb 03, 2013  21 posts bestfxbot Jun 23 2017 at 11:02
and I, a customer of yours through all the martingale systems your team has made makes Forex a bad place in general. The number of failures you have had concludes martingale is dangerous and not a serious strategy. The countless attempts to repackage the same Martingale TYPE trading systems using CENT accounts risking only $5.00.

Community is not dumb. You can not continue making new websites over and over again and expect us not to learn or see through your lines of dishonestly.

The traders here do not want to see another dishonest salesman that insults any member.

There is already information on the internet about this strategy and your FXMOWER

google fxmower review


UsY4dEH4GLuD

Member Since Dec 25, 2016  25 posts UsY4dEH4GLuD Jun 23 2017 at 11:24
I've bought the EA some days ago and it made one profitable trade which is not made in the account of this message thread.

Anyhow, on the web site https://fxmower.com/ a monthly profit of 60 % is claimed but this MyFxBook account shows a monthly profit of 21.39 %. What's the explanation for that? Are there different (non-standard) settings used for this account?

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jun 25 2017 at 07:26
bestfxbot posted:
and I, a customer of yours through all the martingale systems your team has made makes Forex a bad place in general. The number of failures you have had concludes martingale is dangerous and not a serious strategy. The countless attempts to repackage the same Martingale TYPE trading systems using CENT accounts risking only $5.00.

Community is not dumb. You can not continue making new websites over and over again and expect us not to learn or see through your lines of dishonestly.

The traders here do not want to see another dishonest salesman that insults any member.

There is already information on the internet about this strategy and your FXMOWER

google fxmower review



Hello! I'm sorry that you are such a frustrated user of advisors, but I am glad that it is not because of using our products. I would like to say that this is not nice, to insulting us without any proofs. Anyway I understand your disappointment in martingale systems, because most of other systems trade without any drawdown control and can lost all deposit. Our systems works in another way and have protection of deposit. In proof of that, you can see that others systems of the company has 2-5 years of live trading.

From now on, I will no longer discuss the company's affairs. This discussion of the FXMower system and I will be happy to help everyone who have questions about FXMower smiley

JorahanK

Member Since Aug 22, 2016  6 posts JorahanK Jun 25 2017 at 07:45
I am also wonder why they write 60% monthly if myfxbook show 21%?

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jun 26 2017 at 06:27
UsY4dEH4GLuD posted:
I've bought the EA some days ago and it made one profitable trade which is not made in the account of this message thread.

Anyhow, on the web site https://fxmower.com/ a monthly profit of 60 % is claimed but this MyFxBook account shows a monthly profit of 21.39 %. What's the explanation for that? Are there different (non-standard) settings used for this account?




Hello! Thank you for this question. The answer is in myfxbook algorithm of calculation the profit. Myfxbook always calculate it as like we use compounding interest, but in our case we didn't use it. That is why 21% is wrong amount. It's very easy to check, just need to take total profit for all the time (762% at the momemnt) and divide it on sum of all trading months (we have 12) - you will get monthly profit. Here is formula:

762(gain%) / 12(months) = 63.5%

If it was 21% monthly, we will have no 762% of gain, but it would be 21 x 12 (months) = 252% of gain. As you can see it is incorrect calculation.
I hope I was able to explain it to you.


Talking about your trade (order), you need to contact our support department, they will check all. But in rare situations it is possible, when your broker has a big difference of quotations from other brokers.

UsY4dEH4GLuD

Member Since Dec 25, 2016  25 posts UsY4dEH4GLuD Jun 28 2017 at 14:56
It's a quite confusing computation how you get to 63.5 %. The usual expectation is to get a number without compounding effect.

Your calculation would imply that the monthly gain would change over time which doesn't make sense.
For a new user it's interesting to know what he can expect month after month, not after more than one year divided by 12.

So MyFxBook is absolutely right with the monthly number of 21.39 %. The '60 % monthly profit' is deception in my eyes.
(762 % per year is also correct)

So why not simply advertise the 20 % average monthly gain since this is a very good number compared to most other EAs?

delanth

Member Since Dec 08, 2011  24 posts delanth Jul 08 2017 at 17:46 (edited Jul 08 2017 at 17:52 )
I understand how the 60% is achieved. As he explained, It is calculated base on the specific month's income in relation to the initial deposit.

The earnings can be stated both way.
20% compounded
or
60% on initial deposit.
If I was selling an EA I would have probably use the '60% on initial deposit' in my marketing add. Marketing is everything.

But what matters most is if the EA actually make that kind of money in a standard/micro account the most retailers used. And if the seller of the app is legitimate or is out to scam buyers into buying based on the stated % return.

For example, as pointed out....
Is the deposit really $500 or $5?
How come you started trading lot size over 100000 in an account whet it was less than $1000 balance?
What type of account and leverage are you using?

For example, your account started January 13th with $2174 balance.
It then suffered two losses total $339. Which reduced the balance to $1834.
Then a lot size of 190000 was open (for two days).

So my question is about the lot size for such small account. Or is is true that your are risking just $5, for real?
If that's case then what you are showing is 100 times invigilated. So then then 60%/100 = only .60$ per month or .20% per month compound.

I don't know the details but for one to make an educated decision to but the EA then the details surrounding the type of account, such as standard, micro, mini, Cent, leverage, etc. need to disclosed.

But I must say that the winning rate of the reverse trade is awesome.

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