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MFM5 (By ex4systems )

The user has deleted this system.

MFM5 Discussion

bundesrepublik
Jun 30 2015 at 20:25
192 posts
I can not log into my account to download the latest update. After putting the info it will go back to the same page.
bundesrepublik
Jul 01 2015 at 02:44
192 posts
EVGENY555
Jul 02 2015 at 06:39
45 posts
has anyone made money with this EA?
thesupremeforex
Jul 02 2015 at 14:59
249 posts
I see some complication in settings on Day_time Saving: true or false!! What does it has relation with trading when prices are current live!
csgibson88
Jul 02 2015 at 15:01
5 posts
I put his earlier version (MFM4) onto a Practice Account in April 2015 - and just left it alone - back then the account was at $14K - yesterday it was over $21K - and you don't have to lift a finger.
Now, I can't speak to this NEW version (MFM5), which, according to my email I received, is just now being released, but looking at the track record chart, it seems to be performing quite similarly to MFM4 - though, honestly, I don't know if the author is rolling out an entirely NEW product or something that is primarily the same as the earlier version, maybe using only small modifications to the trading algorithms.
FXtrader2010
Jul 02 2015 at 15:16
724 posts
csgibson88 posted:
I put his earlier version (MFM4) onto a Practice Account in April 2015 - and just left it alone - back then the account was at $14K - yesterday it was over $21K - and you don't have to lift a finger.
Now, I can't speak to this NEW version (MFM5), which, according to my email I received, is just now being released, but looking at the track record chart, it seems to be performing quite similarly to MFM4 - though, honestly, I don't know if the author is rolling out an entirely NEW product or something that is primarily the same as the earlier version, maybe using only small modifications to the trading algorithms.
I think he just realizes new versions in updates because sometimes he will add/remove certain [pairs and maybe does optimizing for the system. At least that's what I have noticed from over 10 upgrades I have done in the past.
DD (ddr555)
Jul 02 2015 at 15:36
176 posts
csgibson88 posted:
I put his earlier version (MFM4) onto a Practice Account in April 2015 - and just left it alone - back then the account was at $14K - yesterday it was over $21K - and you don't have to lift a finger.
Now, I can't speak to this NEW version (MFM5), which, according to my email I received, is just now being released, but looking at the track record chart, it seems to be performing quite similarly to MFM4 - though, honestly, I don't know if the author is rolling out an entirely NEW product or something that is primarily the same as the earlier version, maybe using only small modifications to the trading algorithms.
Hi csgibson88,
Can you share exact settings here.
Be Vegan, Make Peace
ex4systems
Jul 02 2015 at 15:46
22 posts
csgibson88 posted:
I put his earlier version (MFM4) onto a Practice Account in April 2015 - and just left it alone - back then the account was at $14K - yesterday it was over $21K - and you don't have to lift a finger.
Now, I can't speak to this NEW version (MFM5), which, according to my email I received, is just now being released, but looking at the track record chart, it seems to be performing quite similarly to MFM4 - though, honestly, I don't know if the author is rolling out an entirely NEW product or something that is primarily the same as the earlier version, maybe using only small modifications to the trading algorithms.

MFM5 is an improved version of MFM4. You can log into your account and download the new version for free.
FerchoFX (fer_LF)
Jul 02 2015 at 19:11
82 posts
I have many robots but this is the best.... it works with default settings and has very low cost.... I can´t ask for more!!....I hope continue successful for long time!!
FXtrader2010
Jul 02 2015 at 23:58
724 posts
fer_LF posted:
I have many robots but this is the best.... it works with default settings and has very low cost.... I can´t ask for more!!....I hope continue successful for long time!!
you said it mate, not only that but you can use on 6 different mt4 accounts too.
csgibson88
Jul 03 2015 at 09:39
5 posts
@DD - I didn't change any of the default settings.
I just 'attached' his EA to the 10 or 11 pairs that it performs on, and let automation do the rest.
YES - there are many settings you can modify when you run his EA - but I leave them all as-is.
I don't think I know enough about modifying them to make meaningful alterations.
GremlinCCS
Jul 03 2015 at 09:40
4 posts
Hi Guys.

Yes he's EA are working. I've been using mfm since mfm3 and just over a year now.

What i like about this ea are that its being update, so you onow that someone are looking after it. Makes me sleep better to know its not something someone just wanted to make a quick buck.

The ea have a good return and you will make your money back in the first week with the default settings.

BUT. Its mot always sunshine. When this ea goes down and lose you will feel like kicking your ass as it looses big when it looses.

BUT even with the big losses this EA have always made me money. My accounts have always been more than i started with. Ive used alot of EA's but this one are the only one im still using.

Please feel free to look at my accounts the are public to get an real feel. As theres more than a years data on there using mfm. Note. I just closed my xm account as its slow to grow. My fx choice account are standing for a week now. Are busy with something else there. Will be trading again in the next week or so. But tge fxcc are my real account. Newish as i opened the xl acvount when they launched it and so worth it. Low spreads with no extra fees. Mfm really works well with that accoint. I do have other ea's on that acvount aswell but 80% are mfm.

Mfm5 looks more stable again than the last while with mfm4 so holding thumbs that it keeps it trend for a while before it goes down again.

I think that it would go better now that there are a discussion board for the ea. That is if the developer will be active. He lacks a bit in the admin side as you mever know when theres an update ect. Looks like thats being sorted now as i recieved a email for the mfm5 update.

But all and all. Give it a try.

To the developer. Keep up the good work
 
Live life as its meant to be lived.Free....
OGSystems (OGONEFX)
Jul 03 2015 at 19:02
16 posts
I walked away from MFM3 but looks like the author has put some serious work in since then... may well have to have another look
yeders
Jul 06 2015 at 07:16
11 posts
hey.
This is by far one of the best EAs I've used (and continue to use).
MFM4 was good, and MFM5 is simply astonishing; rebuilt from the ground up (the author stated)
I am running 2.0, and within a week, I am already up 70%!
Kudos to the author to continuously put in this amount of work.
Cheers,
J
EVGENY555
Jul 06 2015 at 09:00
45 posts
yeders posted:
hey.
This is by far one of the best EAs I've used (and continue to use).
MFM4 was good, and MFM5 is simply astonishing; rebuilt from the ground up (the author stated)
I am running 2.0, and within a week, I am already up 70%!
Kudos to the author to continuously put in this amount of work.
Cheers,
J
show me your account with this EA
yeders
Jul 06 2015 at 12:00
11 posts
no you buy it; test it; if you're not happy, get a refund.
my signal is better then the authors due to my broker.
I use ICmarkets and Pepperstone.
FerchoFX (fer_LF)
Jul 06 2015 at 20:12
82 posts
yeders posted:
no you buy it; test it; if you're not happy, get a refund.
my signal is better then the authors due to my broker.
I use ICmarkets and Pepperstone.

What multiplier are you using?.....x2 x3?
FerchoFX (fer_LF)
Jul 08 2015 at 02:38
82 posts
Have you set 'Double_Down=False'??...because I have TRUE so my EA always open a second pair when the first one is loosing...result, 4 big losses today but you only 2
bundesrepublik
Jul 08 2015 at 02:41
192 posts
FXtrader2010
Jul 08 2015 at 07:31
724 posts
Awe man lost a big chunk from this! Too soon! I guess this is why I stopped using it before. I am done with this one lost too much this time on this. I think the failure to backtest is where it messes up because sure you can test one setting may on pairs but applying downloaded settings and rotation of pairs is a juggle. I think if you can define the exact settings to use for the long term and pair to stick to and not deviate then can at least define risk better!
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