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LION FX TRADER (By lionfxtrader)

Gain : +1051.44%
Drawdown 38.78%
Pips: 2485.6
Trades 868
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

LION FX TRADER Discussion

successwill
Jan 12 2017 at 09:43
247 posts
i installed this yesterday on a real account and today i have 8 open trades with %31 DD. Risk was set to 0.1. Very bad start..Hope not to blow the account

aeronthomas (aeronthomas)
Jan 12 2017 at 10:06
1557 posts
successwill posted:
i installed this yesterday on a real account and today i have 8 open trades with %31 DD. Risk was set to 0.1. Very bad start..Hope not to blow the account
I would recommend installing equity sentry or similar Equity protection EA to protect the account, unless you just running a cent account like the vendor in which case doesn't matter if account blows... cheers

maarten999 (maarten999)
Jan 12 2017 at 11:40
7 posts
I started out last week again with this EA, after some experimenting last year I set my risk to 1% instead of 10%, which is much more common and will protect your account to some degree. Equity protectors cannot be installed on vps servers from mql5.

Small gains are always better than large losses.
Tradefx Signals Representative
TRADEFX2016
Jan 12 2017 at 11:40
768 posts
successwill posted:
i installed this yesterday on a real account and today i have 8 open trades with %31 DD. Risk was set to 0.1. Very bad start..Hope not to blow the account


did you really thought some body is selling you golden goose EA?


successwill
Jan 12 2017 at 14:30
247 posts
Now i have 10 open positions and max DD is %48. Current equity is %85. maybe i should close all manually?

successwill
Jan 12 2017 at 14:32
247 posts
TRADEFX2016 posted:
successwill posted:
i installed this yesterday on a real account and today i have 8 open trades with %31 DD. Risk was set to 0.1. Very bad start..Hope not to blow the account


did you really thought some body is selling you golden goose EA?



nope..i am a skeptical person..its been nearly a year since i bought this EA and now i decided to test on real account..but my bad luck still follows me

maarten999 (maarten999)
Jan 12 2017 at 15:51
7 posts
If you already have got this EA for over a year now, surely you must have seen large drawdowns already and it would be no surprise to you to see that it opens a new counter trend trade every 9 pips if getting into troubles. That's why I set the max risk per trade to 1% instead of 10%. Still a lot of money when you have 7k on your account, instead of 100 dollars.

Small gains are always better than large losses.
togr (togr)
Jan 12 2017 at 15:52
4862 posts
successwill posted:
TRADEFX2016 posted:
successwill posted:
i installed this yesterday on a real account and today i have 8 open trades with %31 DD. Risk was set to 0.1. Very bad start..Hope not to blow the account


did you really thought some body is selling you golden goose EA?



nope..i am a skeptical person..its been nearly a year since i bought this EA and now i decided to test on real account..but my bad luck still follows me


Dont buy anything Russian
Dont follow any Russian
Dont do any business related to anyone using Russian broker.

Sounds too tough? Well otherwise it is very painful :)

Tradefx Signals Representative
TRADEFX2016
Jan 12 2017 at 15:54
768 posts
no one in world will really sell you an EA which really works, specially in such small price.

do not waste more money buying EA's.

successwill
Jan 12 2017 at 16:16
247 posts
i am planning to hedge to save the account..i will wait and watch for some time.. Ideas needed about EURUSD behaviour.. do you think it will keep going up? USD losing against nearly all currencies in the world

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