NightChannelTrader (By positiveday)

The user has deleted this system.

NightChannelTrader Discussion

Jan 26, 2012 at 19:27
2,382 Views
23 Replies
Member Since Mar 27, 2012   33 posts
Apr 12, 2012 at 17:36
When will it be available?
Member Since Apr 13, 2012   15 posts
Apr 15, 2012 at 06:48
Same question. Is it available to purchase?
Member Since Apr 07, 2010   51 posts
Apr 17, 2012 at 06:15
Hello, many thanks for your interest in NCT.
Please follow on our website : https://www.steadyonfx.com
Regards

Carlo
In hoc signo vinces
Member Since Apr 12, 2012   3 posts
Apr 22, 2012 at 10:54
Same question. Is it available to purchase?
Member Since Jan 10, 2012   77 posts
Apr 22, 2012 at 12:03
Yes it is now ready for purchase. Same pricing as Number One, here is the link:

https://www.steadyonfx.com/index.php/products/night-channel-trader-nct/
Member Since Apr 07, 2010   51 posts
Apr 22, 2012 at 23:10

   Anchorpoint posted:
   Yes it is now ready for purchase. Same pricing as Number One, here is the link:

https://www.steadyonfx.com/index.php/products/night-channel-trader-nct/

Hi many thanks, it's true.
😄
In hoc signo vinces
Member Since Jul 27, 2010   27 posts
May 23, 2012 at 06:53
Does this EA has a SL,already hit DD more than 10%,still holding the postion ,if GU continue goes down,when will this system stop loss,or will never until blow out
forex_trader_38212
Member Since Jun 02, 2011   3 posts
May 24, 2012 at 09:12
Does this system have an emergency stop?

No indication of basic risk control given on the website.
Member Since Apr 07, 2010   51 posts
May 24, 2012 at 19:30
Yes, there is a maximum DrawDown value, when the value is reached all order are closed or NCT will send an hedge order to freeze all (the user can choice).
In hoc signo vinces
Member Since Jan 10, 2012   77 posts
May 30, 2012 at 19:34
Now floating drawdown is close to 35%. That is a lot, how deep will it go before it closes out positions?
Member Since Apr 07, 2010   51 posts
May 30, 2012 at 20:09 (edited May 30, 2012 at 20:11)
Hello Anchorpoint, this ea, like all ea, has a Money Management that can be freely set by the user.
I've set this ea for maximum trading risk and (obviously) maximum gain.

This is not an hedge fund, this is an expert advisor.
This is an example of how can trade this expert advisor.

You can run it at 1/4 of risk, you will get 1/4 of gains and you will receive 1/4 of drawdown.

A guy on our forum said that he knows another expert advisor that works better, with more gain and less risk.
Well, he can trade with that expert advisor.

This running copy of NCT has a setting with 55% of maximum drawdown, after that drawdown he will send an hedge order.
😄
In hoc signo vinces
Member Since Nov 26, 2009   5 posts
Jun 01, 2012 at 09:59
Hello Carlo, does this system is in hedge now ?
Why the drawdown is not displayed ?

Thanks
Member Since Apr 07, 2010   51 posts
Jun 01, 2012 at 10:18
Hello Fabio, the drawdown is shown in 'Info' + 'Stats' panel.
The value shown is : 55.37%
It could send the hedge order if the price goes down further.
In hoc signo vinces
Member Since Jul 03, 2010   162 posts
Jun 01, 2012 at 17:15
A no-stop loss strategy will FAIL ONCE.. It is a universal truth in forex...


Member Since Oct 03, 2010   155 posts
Jun 01, 2012 at 17:39
Hi Positiveday,

During this time of GBP/USD trending, can this EA trade only at the direction of the trend?

Tks,
Member Since Nov 26, 2009   5 posts
Jun 01, 2012 at 20:35
Graphics stops updating after 11 of May, not good ...
Member Since Apr 07, 2010   51 posts
Jun 01, 2012 at 21:55 (edited Jun 01, 2012 at 21:57)

   Fabio posted:
   Graphics stops updating after 11 of May, not good ...

Hello Fabio, seems you have some problem reading MyFxBook data.
The update is done frequently, as needed from MyFxBook.
See 'Info' + 'Stats' , at the end of the pane, you will see the last update time of data after the 'Updated : '.
😄
In hoc signo vinces
Member Since Apr 07, 2010   51 posts
Jun 01, 2012 at 21:58

   jsintl posted:
   Hi Positiveday,

During this time of GBP/USD trending, can this EA trade only at the direction of the trend?

Tks,

Yes, it can trade only in trend direction.
😄
In hoc signo vinces
RPP123
forex_trader_18908
Member Since Sep 24, 2010   45 posts
Jun 01, 2012 at 22:14 (edited Jun 01, 2012 at 22:20)
no mater what you trade grid or martingale it will always will get you sooner or later,

46% DD it's to much,the problem with EA's they don't have emotions,

i don't see this EA diffrent then GridMeUp or cable run etc,

Human trader was cutting lost fast,

i wish everyone good luck.
Member Since Nov 26, 2009   5 posts
Jun 04, 2012 at 15:03
no problem reading myfxbook Carlo,
simply you have stopped graphics update at 16 of May 2012

Cheers
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