Well... this fake the results... you promote 2500% win in 1 week with huge risk... at 5.3lots and your largest lost -150pip... it will be a 6000$ loss for a deposit or more than 50% of the account in 1 trade!
you should keep the same aggressive settings all the time to see the real trend. or configure myfxbook to start the display as of june 14 when the configuration was normal.
but even this, the trades are interesting, we have to wait and see...
willgart, it's not a fake. We don't promise such profitability in trading with normal risk. We stating a fact that Forex Spectre earned such profit over a week. This profitability is possible with our EA, but we strongly do not recommend to trade such risks. However it is up to you.
apart from the first week showcase (which looks very much like manual trades) the performance of the EA has been nothing less than pathetic..losses had even digged into the first week profits today after struggling for a whole month beginning from June 3 till todate..
the vast contrast between the first week and the subsequent one month period has done more damage than good in promoting the product, which compelled others to bluntly call it 'fake'; i would call it a pseudo-result, given that the first week performance did not demonstrate a genuine trading condition but was inclined towards a gambling nature to produce a huge buffer for the EA to feed on..
Hello, NairSys. I understand your hostility. But I can assure you that the trade was not manual. As an advanced trader, you know that the orders exhibited by hand can not have ID (Magic number). Here is screenshots from statement with ID (Magic number) for each order that was opened at first week. This is the proof that the trade was automatic.
The reason why the graph has ceased to grow so fast is that we had decreased the risks very much. We don't belive that any trading system can earn such money in long term.
Also as you know, drawdowns of systems with fixed lot happens and it is normal. Moreover, it can take several weeks. This drawback of all systems with fixed lot. But then profit will come.
Forex Spectre focuses on reliable and durable trading. That is why our EA works on backtest from 1999 - Unfortunately there is no way to test it over a longer period.
Well, Alex..to put it into perspective, magic numbers displayed here in myfxbook could only justify that the entries were sent thru' a script. As you know scripts are triggered manually and you could assign magic numbers to them. We can also use a script as an expert advisor. Depending on the codes, we can easily trigger the expert advisor manually to send an instant order by hitting the expert advisor on/off button. Therefore, your argument regarding magic numbers being proof that the trades were automated is a fallacy.
I sincerely hope that you'll do well in future as the performance has not moved forward since the first week, instead it has declined and moved backward during this month long period. In short, the results we see now were accrued in the first week and the contribution of the subsequent month long period pretty much amount to nothing if not the loss of time.
Yes, you are right, magic number could be assigned through script. We provided all the proofs that we could. Forex Spectre has earned for a couple of weeks 350% and now have a drawdown in 350% - it is normal for fixed lot trading (Profit according to start deposit). Advisor is designed for long-term trade.
'I sincerely hope that you'll do well in future' - Thank you😄
DollarAlay posted: Hi, you have a very nice system. Good job.
on which criteria did you base this sentence ? :) When I filter for trade starting after june 13 there is 1% per month in growth and 19% of DD! the risk of ruin is high, 50% of chance of loosing 50% of the account... so in fact this EA has flat results.
and when I check the trade history I can see some martingale action... there is trades with doubled size (0.8 lots while there is an open one with 0.4lots) this martingale action cause the big losses, not good!!!
we have to wait few months to get a better picture.
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