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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

bbulcsu72
Jan 12 2017 at 20:44
17 posts
That's absolutely true.
Though it was my first day on a real account with this EA, so it gave me a bit of heat immediately.

Pablo51 posted:
successwill posted:
seems safe but what about profitability? what is your monthly growth with that?


Well I never put all eggs in one basket.I prefer to have different strategies working in one account and have several accounts all running at a small risk. I do not mind if a strategy gives me 2% per month if I have others working on the same equity. At the end you diversify your risk with multiple strategies using a small portion of your equity. And believe me you avoid stupid DDs.

At the end if I get 5% per month on my total capital I believe I am very fortunate.

Regards.


SnapDragon2016
Jan 12 2017 at 21:02
102 posts
I have had no troubles with the demo that I did not bring onto myself.

I am now live and sharing that info/experience just as openly here on myfxbook.

Cheers, I hope my settings pay off the same way as the demo because if it does wooo hooooo


My live account:

https://www.myfxbook.com/members/SnapDragon2016/octafx-lionfx-real/1930453

That sound you hear is God laughing as he hears traders say "I know for sure what way the market is going".
SnapDragon2016
Jan 12 2017 at 21:15
102 posts
successwill posted:
Well i closed all with %25 loss.. A bearable loss...


The last day of trading on my demo account I woke up to three trades going, total almost 500 in the red.
I almost had a heart attack.

I left it alone because I swore that no matter what would be proven about this EA, it would be ALL on the EA to open/close trades.

If you look at the last three trades closed Dec 22 (that fateful morning) you will see that they closed at profit.

15.50
78.50
136

I understand that its freaky but you should NEVER be trading with money you are not willing to loose.

You can't count those losses against the EA, you said you closed them.

Had I panicked and done the same thing I would have lost almost $500 from the demo account.

Set your EA so that it can afford some DD during a trade and let it do its job.

I am so excited to see my live account grow, if it does half as well I will be jumping for joy.

Cheers all and may the pips be with you

That sound you hear is God laughing as he hears traders say "I know for sure what way the market is going".
successwill
Jan 13 2017 at 05:03
247 posts
yeah i panicked because i set recommended risk and faced a DD like %48..And this happened at the beginning.. Now i reduced the risk to 0.03.. i will watch how it performs

maarten999 (maarten999)
Jan 13 2017 at 08:43
7 posts
Although the short term trend is up, it's hitting a large resistance zone. Furthermore I see a head and shoulders pattern forming on the half hour. So chances are that it will move down a bit. But as always, trading is no prediction. Just probability. Hope this helps.

For any of you. Most trades tend to risk not more than 1% per trade and 10% of the total account. At most.


Small gains are always better than large losses.
Frank
RedRhinoFX
Jan 13 2017 at 08:53
395 posts
I see that the vendor doesn't update their account when in drawdown. What was peak drawdown on this round of trades for the followers? GRid endless is dangerously simple, but often get out of trouble most of the time.

togr (togr)
Jan 13 2017 at 09:10
4862 posts
FXdog posted:
Hey everybody!
Guys i have just purchased this EA and i would like to asure you this developer is a real person and friendly communicative!
He at once has sent me a robot file pack after my payment confirmed and i want to say its not a Scam and a developer is NOT a scammer!
I have installed this EA on Real CENT account and for now it runs the same as it runs here (on Myfxbook).
How will it run in the future?...it remains to be seen😉!
Profit to all of you!


Hi everyone,

and where is this account now?

successwill
Jan 13 2017 at 09:17
247 posts
RedRhinoFX posted:
I see that the vendor doesn't update their account when in drawdown. What was peak drawdown on this round of trades for the followers? GRid endless is dangerously simple, but often get out of trouble most of the time.


he doesnt say what risk he is using but my estimation is 0.05 and he got around %25 DD yesterday..One more thing i noticed is the equity curve. it was showing yesterday and all of a sudden it disappeared while the positions were not closed..i dont know what it means

Ranking2017
rank2017
Jan 13 2017 at 09:39
10 posts

The suspicious website and it is not a company, just a private person from RU. Keep max caution.

Ben Scoobert
forex_trader_[921]
Jan 13 2017 at 11:29
276 posts
I've been running this ea on demo a while. I think it very risky without any known stop losses. That said, it had made 63% since October with 18% drawdown.
The vendor is very responsive but I wouldn't risk this on live unless your are prepared to lose the whole balance.

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