Advertisement
FxPapa Expert Advisor (By FxPapa)
The user has deleted this system.
FxPapa Expert Advisor Discussion
May 16, 2012 at 04:33
Regarding the team. Does the team actually disable the EA when you believe it should not be trading? Some kind of dll function?
FxPapa posted:
NormFX posted:
Why no backtests for 08/09?
Having tested many systems, those years are important ones to see the results of.
One can only assume results are ugly if you are unwilling to display them...
Hi
FxPapa has a fundamental part. This means our team detects when it should not trade due to the market events.
To do the back test we have to do all these fundamental analyzes for the whole 2008 and 2009. This really takes us many time.
Currently we are doing our best to study the current market behavior.
Regards
May 16, 2012 at 04:38
before purchase i asked about the risk level. if by setting it at 3% the lot size would be reduced proportionally (ie so that should the SL be hit, everyone loses their risk setting)
yes i was told, its all relative.
today i found out it wasnt. DD hit 3% and it closed out - while this account keeps going.
if youre going to copy indo run and pass it off as your own work to sell, at least get the risk setting people use correct.
blagh to you and your system...
yes i was told, its all relative.
today i found out it wasnt. DD hit 3% and it closed out - while this account keeps going.
if youre going to copy indo run and pass it off as your own work to sell, at least get the risk setting people use correct.
blagh to you and your system...
May 16, 2012 at 04:42
wolfeman posted:
Regarding the team. Does the team actually disable the EA when you believe it should not be trading? Some kind of dll function?
FxPapa posted:
NormFX posted:
Why no backtests for 08/09?
Having tested many systems, those years are important ones to see the results of.
One can only assume results are ugly if you are unwilling to display them...
Hi
FxPapa has a fundamental part. This means our team detects when it should not trade due to the market events.
To do the back test we have to do all these fundamental analyzes for the whole 2008 and 2009. This really takes us many time.
Currently we are doing our best to study the current market behavior.
Regards
I would rather think its some kind of excuse so not to have to show the fail in 2008/9. Indo Run is the same, fails those years.
If they were fundamentally looking at the market, you'd not let a grid trader go long with the current economic news.
Luckily it was demo only, but people who pay for this system need to really think about if its trust worthy when they can't even code in relative risk - despite claiming they have.
Do a google for 'IndoRun' and some backtesting of your own.
Member Since Jun 11, 2010
28 posts
May 16, 2012 at 04:59
brijesh posted:
ha ha ha ha, fxpapa please trade everyday like this, we all are happy with our huge losses.
please trade everyday opposite the trend so that we can get losses everyday.
😇😇😇😇😇😇😇😇😇
Best post of all times. Cheers
Member Since Jun 11, 2010
28 posts
May 16, 2012 at 05:06
brijesh posted:
ha ha ha ha, fxpapa please trade everyday like this, we all are happy with our huge losses.
please trade everyday opposite the trend so that we can get losses everyday.
😇😇😇😇😇😇😇😇😇
Best post of all times. Cheers
May 16, 2012 at 06:10
HI, Fxpapa.
It is nice. your forex trades Good results, i want to buy a Premier Package.
I read the Discussion , you told the fxpapa is not a ture expert advisors. it is a forex copies. i dont know what means.
i have a question:
Can i run the fxpapa on my locat computer ? or must received signals from yours computer server?
Your computer work 7dasy x 24 hours?
Please reply, and i will but it today.
Thank you.
It is nice. your forex trades Good results, i want to buy a Premier Package.
I read the Discussion , you told the fxpapa is not a ture expert advisors. it is a forex copies. i dont know what means.
i have a question:
Can i run the fxpapa on my locat computer ? or must received signals from yours computer server?
Your computer work 7dasy x 24 hours?
Please reply, and i will but it today.
Thank you.
May 16, 2012 at 06:20
The strange thing is why the last trade LOTS only 0.12 (smaller than previous trades 0.6) ?!
if this money management risk adjust lots with balance /equity, I beliive they change the risk or the last trade is not the same system like before.
Why our lot trade not the same (smaller) with your last lot entry ?!
if this money management risk adjust lots with balance /equity, I beliive they change the risk or the last trade is not the same system like before.
Why our lot trade not the same (smaller) with your last lot entry ?!
Member Since Sep 05, 2011
52 posts
May 16, 2012 at 06:46
You told us that the maximum dd is at 200 pips.
Why is the dd of your basket 226?
Attachments:
May 16, 2012 at 06:53
Well, as with any big loss, that was hard to swallow. But FxPapa performed exactly like it was supposed to on my account. I'm using risk=10 on a 50:1 leverage account, which equals 7.5% total risk for the basket of trades (3 trades total). We were also told that the total pip loss would be around -200 pips if all 3 trades ended in a loss. And that's just what I got on my account:
3 trades
3 losses
-7.49% equity loss
-202 pips
FxPapa adjusted my lot size according to my total equity, so that the above figures came out as they should. As long as this only happens every few months or so, then FxPapa is well worth the money in my opinion. Also, the vendor already explained why the lot sizes were smaller on his account for this basket of trades (see below). He wasn't "cheating." How could he have possibly known in advance that these 3 trades would end in a major loss, so that he could lower the lot sizes before the trades opened. Think about it a little before making accusations. It makes no sense. There's absolutely no way he could have known to lower the lot sizes before these trades even opened. It was simply good luck...that's all.
3 trades
3 losses
-7.49% equity loss
-202 pips
FxPapa adjusted my lot size according to my total equity, so that the above figures came out as they should. As long as this only happens every few months or so, then FxPapa is well worth the money in my opinion. Also, the vendor already explained why the lot sizes were smaller on his account for this basket of trades (see below). He wasn't "cheating." How could he have possibly known in advance that these 3 trades would end in a major loss, so that he could lower the lot sizes before the trades opened. Think about it a little before making accusations. It makes no sense. There's absolutely no way he could have known to lower the lot sizes before these trades even opened. It was simply good luck...that's all.
FxPapa posted:
fatboy11 posted:
Hi FxPapa,
Why is the current GBPUSD trade at 0.12 lots when previous trades were at 0.6 lots ?
Hi
Thanks for your attention.
We will back to 15% risk after this trade.
We updated the platforms and the EA started with that risk.
Regards
