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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ckdorgay

Member Since Sep 01, 2013  48 posts ckdorgay Jul 23 2017 at 02:14
They do not honor the refund. My copy does not trade like this account.

HMSTOMAHAWKTRD

Member Since Feb 25, 2017  11 posts HMSTOMAHAWKTRD Jul 24 2017 at 06:44
I will want to buy this Ea but with your comment i am filling of doubts ...can you give us more details ? is a bad Ea ?

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jul 25 2017 at 06:28
UsY4dEH4GLuD posted:
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?


Hello! I am sorry, but you are not right. Very revealing case, when you wrote this message our account was 762%, now it is 956%. It was pass only one month and we gain 956-762=194% . About what '20% average monthly' we can talk? Yes, if you will use recommended settings, you will not get such profitability, just because we trade with all our deposit, but for clients we recommend more conservative settings so they will be in safe at any time. Any way, at this account, system generate more than 60% monthly. On our account we just trying to show the best what FXMower can do.

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Jul 25 2017 at 06:29
I am sorry, but physically very hard to unswear on all question here. We are always glad to hear from you when you email us here: support@fxmower.com - you will get respons during 24 hours. wink

successwill

Member Since Nov 18, 2015  234 posts successwill Jul 25 2017 at 16:52
Saying %60 monthly is deceptive. The reality is %21. The way you calculate is a 'preliminary school student' style.. Your base must be the previous month not the initial deposit.

fxmower

Member Since Jan 11, 2017  33 posts FXMower (fxmower) Aug 09 2017 at 13:59
successwill posted:
Saying %60 monthly is deceptive. The reality is %21. The way you calculate is a 'preliminary school student' style.. Your base must be the previous month not the initial deposit.



Hello! Well, it's your decision not to accept how to calculate profitability right. Possibly if you will look at profitability for each month not in percents (that is calculate wrong because we don't increase lots with increasing of deposit) but in dollars value, you will see that in average we have the same profit every month - about $400. In case if we would used compound interest (increasing of lot size with increasing of deposit), myfxbook will show that we have the same profitability in percents every month, but in dollars we will earn more more from month to month.
Also, you can see that stats shows that in 2016 year we have more monthly profit in percents, than in 2017. But on graph of gain and with monthly profitability in dollars, you can see that 2017 year was more profitable for us.

I hope all these inconsistencies in your calculations will help you come to a proper understanding of how and in what cases you need to consider profitability.

Regards

successwill

Member Since Nov 18, 2015  234 posts successwill Aug 09 2017 at 15:40
fxmower posted:
successwill posted:
Saying %60 monthly is deceptive. The reality is %21. The way you calculate is a 'preliminary school student' style.. Your base must be the previous month not the initial deposit.



Hello! Well, it's your decision not to accept how to calculate profitability right. Possibly if you will look at profitability for each month not in percents (that is calculate wrong because we don't increase lots with increasing of deposit) but in dollars value, you will see that in average we have the same profit every month - about $400. In case if we would used compound interest (increasing of lot size with increasing of deposit), myfxbook will show that we have the same profitability in percents every month, but in dollars we will earn more more from month to month.
Also, you can see that stats shows that in 2016 year we have more monthly profit in percents, than in 2017. But on graph of gain and with monthly profitability in dollars, you can see that 2017 year was more profitable for us.

I hope all these inconsistencies in your calculations will help you come to a proper understanding of how and in what cases you need to consider profitability.

Regards


i see a profitable system. but you dont give out demo for testing...:/ ill wait for more reviews

Capitalinvestfx

Member Since Nov 24, 2015  64 posts Capitalinvestfx Aug 10 2017 at 06:46

robertonathalie@
EVGENY555

Member Since Oct 25, 2014  43 posts EVGENY555 Aug 10 2017 at 12:27
Это советник FXMower мошенники на их мониторинге(https://www.myfxbook.com/members/fxmower/fxmower/2129594) риски завышены в десять раз на депозит 500$ лот 0,1 и прибыль 1000% при таких настройках счет будет слит. Я купил этот советник и протестировал его баланс 500$ лот 0,01 риск 35% прибыль за один год 100% DD 30%, но при небольшом увеличении спреда прибыль значительно уменьшается. Деньги не возвратили, то же их сайт foreximba.com

This is an adviser to FXMower scammers on their monitoring (https://www.myfxbook.com/members/fxmower/fxmower/2129594) the risks are inflated tenfold on a deposit of $ 500 lot 0.1 and a profit of 1000% with such settings the account will be destroyed. I bought this adviser and tested its balance 500 $ lot 0,01 risk 35% profit for one year 100% DD 30%, but with a small increase in the spread the profit is significantly reduced. Money has not returned, so is their website foreximba.com

HMSTOMAHAWKTRD

Member Since Feb 25, 2017  11 posts HMSTOMAHAWKTRD Aug 11 2017 at 08:44
Ok i see many questions about this EA in resume this is a Scam Ea ??? i was thinking in buy this system but with the comments here i am thinking in stay away from buy this ....

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.