To use chat, please login.
Back to contacts

The Money Tree (By leapfx )

Gain : +2813.16%
Drawdown 21.04%
Pips: 2035.3
Trades 314
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

The Money Tree Discussion

Ethel Febber (SarahMurrell)
May 31 at 14:32
17 posts
So far I have had zero executions and I've had it running since Thursday May 26th. If you look at the updated fxbook for MoneyTree it shows no executions either since then, so at least it's consistent with what I'm experiencing. I've reached out to the company and they said it can go for a bit without trades. The most they've seen so far is around two weeks.

So we wait... :)
Foxove
May 31 at 14:47
17 posts
Exactly the same situation even the starting day..
Just hoooold, I will come with update as soon as we have :))
leapfx
May 31 at 14:51
105 posts
Yes correct - historically it can have periods of no trades. It has strong filters. So it will filter out until it finds the opportunities and trade a bunch. Then can slow down again. It's consistent with our trading history.
fxpayback (MouPhilip)
May 31 at 14:58
6 posts
thanks for the update, I was wondering anyone tried backtest it, if yes, how is the performance?
vcpatt
May 31 at 15:06
14 posts
Hi @SarahMurrell @Foxove @JozsefMark, thanks for updating.

Then, it's me only having a trade running? :).
I started yesterday, 5 pairs opened, 2 closed.
Today additional 1 pair opened, 1 closed.
3 pairs left opened since yesterday.
I am at ICMarkets, standard account.

Above pairs straight away opened when EA just being attached.
Hopefully all will go well with for all of us.
Ethel Febber (SarahMurrell)
May 31 at 18:13
17 posts
@vcpatt that's really interesting. This is what the developers said...

Attachments:

JozsefMark
May 31 at 19:14
12 posts
SarahMurrell posted:
So far I have had zero executions and I've had it running since Thursday May 26th. If you look at the updated fxbook for MoneyTree it shows no executions either since then, so at least it's consistent with what I'm experiencing. I've reached out to the company and they said it can go for a bit without trades. The most they've seen so far is around two weeks.

So we wait... :)
Dont wait too long only 1 mont money back guarantee.. i wait two weeks ..
Ethel Febber (SarahMurrell)
Jun 01 at 20:06
17 posts
@vcpatt did the Money Tree execute anymore trades? Also, have they been profitable?
suttos
Jun 01 at 23:08
272 posts
SarahMurrell posted:
I just rented it. I'm trying a small account. Happy to keep you updated with feedback.
where did you rent it?
I asked if i could do monthly and was told there were only annual memberships.
Ethel Febber (SarahMurrell)
Jun 01 at 23:23
17 posts
@suttos it's a yearly 'rental.' Unfortunately, it still hasn't taken one trade yet. I've had it for a week. I don't want to force something to trade if the setup isn't right, but when you have a 30 day money back contract, not seeing any trades doesn't give any feedback for it's worthiness. I'm giving it one more week and if nothing, I'm returning my annual 'rental'/'membership.'
suttos
Jun 01 at 23:29
272 posts
SarahMurrell posted:
@suttos it's a yearly 'rental.' Unfortunately, it still hasn't taken one trade yet. I've had it for a week. I don't want to force something to trade if the setup isn't right, but when you have a 30 day money back contract, not seeing any trades doesn't give any feedback for it's worthiness. I'm giving it one more week and if nothing, I'm returning my annual 'rental'/'membership.'

I think that's a good idea. If you look at a few reviews of LeapFX there is a pattern of them asking people to 'wait a bit longer'. Which of course then cancels out your Money Back Guarantee.

Also, the history that has been provided doesn't show any periods of two weeks without a trade.
leapfx
Jun 01 at 23:40
105 posts
Yes this is abnormally slow, BUT not unnormal to have a period of no trades. We are anticipating trades in the next few days or less - hopefully. As historically the EA has tended to slow down around end / beginning of new months.
vcpatt
Jun 01 at 23:51
14 posts
SarahMurrell posted:
@vcpatt that's really interesting. This is what the developers said...
@SarahMurrell this might be the case
vcpatt
Jun 01 at 23:57
14 posts
SarahMurrell posted:
@vcpatt did the Money Tree execute anymore trades? Also, have they been profitable?
@SarahMurrell no new trades opened again so far, all trades were opened only when fresh run the EA. 2 positions remain open from 30th (3days) floating loss. I'll observe for another week or two, then will decide to continue or not. Closed pairs in profit. However I don't clearly understand with the SL setting, at how many pips will it trigger.
Sebzhd
Jun 02 at 10:25
19 posts
It is now 8 days without trades... keep waiting, waiting...
leapfx
Jun 02 at 15:30
105 posts
Historically - it should start trading in the next 2 - 5 trading days or less. We shall see.
vcpatt
Jun 03 at 01:57
14 posts
Another position opened yesterday evening, from one of the same pair which is on floating loss since 30th. Per vendor history, expected to have this condition, let's see how the result will be. The new open position having bigger lot size on the same direction.
fxpayback (MouPhilip)
Jun 03 at 06:26
6 posts
vcpatt posted:
Another position opened yesterday evening, from one of the same pair which is on floating loss since 30th. Per vendor history, expected to have this condition, let's see how the result will be. The new open position having bigger lot size on the same direction.
I see, so its a martingale system, how large the lot size of the new trade, x2/x3?
Foxove
Jun 03 at 06:48
17 posts
Huum that's curios, that really sounds like a martingale now, because I didn't get any position open
Ethel Febber (SarahMurrell)
Jun 03 at 12:07
17 posts
@leapfx I thought this system was not supposed to use any martingale approach?
Please login to comment .