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The Money Tree (By leapfx)

Gain : +13385.83%
Drawdown 46.56%
Pips: 4108.7
Trades 761
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

The Money Tree Discussion

May 12, 2022 at 17:20
16,488 Views
252 Replies
Member Since Apr 21, 2013   272 posts
May 26, 2022 at 05:41
Has anyone tested this yet?
Member Since Mar 25, 2021   2 posts
May 26, 2022 at 07:04
Still watching the progress of the EA. I will probably rent it for one year at the end of June to test from July. Works on cent account as well.
Member Since May 26, 2022   17 posts
May 26, 2022 at 13:49
I just rented it. I'm trying a small account. Happy to keep you updated with feedback.
Member Since Mar 25, 2021   2 posts
May 26, 2022 at 14:50
Yes, keep us updated.
Member Since Oct 10, 2021   12 posts
May 26, 2022 at 21:36
I have it already
Started up today ... made money

Attachments:

Member Since May 26, 2022   17 posts
May 26, 2022 at 22:57
That's great!

I installed it yesterday but it has yet to execute any trades for me... The company said from the very beginning that it's quite normal to not have trades the first few days after install (though I don't understand why). But I'm curious why your system executed some... weird. I'll keep you posted.
Member Since Oct 10, 2021   12 posts
May 27, 2022 at 01:45
Ic markets ..i use
I set up the ea on 10 diferent pairs
And its traded on 5 only
Member Since Oct 10, 2021   12 posts
May 27, 2022 at 01:45
I will post result tomorrow
Member Since Apr 15, 2022   3 posts
May 27, 2022 at 01:58 (edited May 27, 2022 at 02:27)
Very dangerous EA. Not sure if this is similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand
Member Since Oct 10, 2021   12 posts
May 27, 2022 at 02:07
samjhyip posted:
Very dangerous EA. Why are you all using this? Similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL


Not it doesnt .. it takes the loss of only 1 trade
No grid no martingle
Member Since Oct 10, 2021   12 posts
May 27, 2022 at 02:08
And its really has 90% winning rate
Member Since May 26, 2022   17 posts
May 27, 2022 at 02:51
Well... I'm starting with a trial account size that I don't mind losing. I like watching these things live. And because, as I'm sure with you being so smart, you know, you shouldn't trade anything you can't bare to lose. Not sure why there are so many haters on here. Also, I have gone back and forth with the developers making sure it's not setup to work at all like Trade Explorer. More because I have to follow the FIFO rules as a US citizen and grid and Martingale in Trade Explorer isn't coded to avoid FIFO. Not that I fully trust what the developer tells me... hence trying it out with a small account that I can absolutely afford to lose. We're just here to have fun, right?
Member Since Dec 06, 2012   2 posts
May 27, 2022 at 03:39
Tyr posting an actual myfxbook account link before spouting off nonsense. Your picture says nothing. I have trade explorer. If used conservatively, it works just fine.
Member Since Jan 14, 2022   21 posts
May 27, 2022 at 07:25
Hey guys, I'm also testing it and I will keep you posted..
I also tested dynascalp, trade explorer and Arbitron..
But I'm here to talk about the money tree, if you want you can ask my results with the other EAs..
Ok first I'm trying for one day, there not much what I can say with one day test, but what I can say is:
They have 3 settings recommendations, I'm testing it on the lowest HIGH risk recommendation.
Till now I haven't seen any martingale or grid trading (like trade explorer) but again only one day test..
What I have to say is with one day I had 9% return, but I also have to say that scares me to see trades open without stop loss..
For now that's the conclusion I can tell, soon i will come with more results, keep strong guys peace ✌️
Member Since May 26, 2022   17 posts
May 27, 2022 at 12:03
@Foxove what was the timing of when your trades opened? I mean during which sessions generally? I'm only asking because I'm setup and have had extremely little action with the EA.
Member Since Jan 14, 2022   21 posts
May 27, 2022 at 12:10
Yes only had those trades yesterday afternoon, was open a bit before NY session, today nothing yet ✌️✌️ good luck
Member Since Apr 21, 2021   14 posts
May 27, 2022 at 12:16
Foxove posted:
What I have to say is with one day I had 9% return, but I also have to say that scares me to see trades open without stop loss..
For now that's the conclusion I can tell, soon i will come with more results, keep strong guys peace ✌️

Thanks for sharing Foxove, 9% is wow... But no stop loss? Was it hidden or we need to define ourself?
Member Since Jan 14, 2022   21 posts
May 27, 2022 at 12:19
@vcpatt I don't know it how the stop loss works, there no explanation about, and I did experience any loss yet.. when I discover I let u know 👌✌️✌️
Member Since Jan 14, 2022   21 posts
May 27, 2022 at 12:22
@vcpatt yeah I would link my account but it's not a new account, so it will show my past trades I believe, so it will be not precise, not sure if I can set up a date like from yesterday ahead? Sorry not very familiar with myFxbook
Member Since Jan 14, 2022   21 posts
May 27, 2022 at 12:25
@vcpatt alright bro, when I get home gonna try to do that, thanks 😁😁
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