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OctaFX - LionFX - Real (By SnapDragon2016)

Gain : +37.56%
Drawdown 59.94%
Pips: 20.9
Trades 256
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

OctaFX - LionFX - Real Discussion

SnapDragon2016
Jan 14 2017 at 14:10
102 posts
Well I started a LIVE account on Jan 12 2017.

I only put 100 CAD ( 75 USD 😲 ) and I am using the exact same settings as I did on my demo account and setting my lot size to my choice.

I will NOT be opening or closing trades manually unless I HAVE to.
The only 'have to' I will accept is if my VPS fails for whatever reason.
I want ALL success or failure %100 on the EA itself.

Also once again I am making everything public, active trades, history of trades etc.
This will let everyone watch and see for themselves if the EA works or not.

Wish me luck guys 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".
aeronthomas (aeronthomas)
Jan 19 2017 at 12:14
1557 posts
is this an Asian scalper? trade copier or EA?

SnapDragon2016
Feb 21 2017 at 13:59
102 posts
No its not a scalper.
The creators myFXbook is https://www.myfxbook.com/members/lionfxtrader/lion-fx-trader/1534832

That sound you hear is God laughing as he hears traders say "I know for sure what way the market is going".
SnapDragon2016
Oct 01 2017 at 12:29
102 posts
Well it is now Oct 1 and after a hell of a roller coaster I am throwing in the towel.

In retrospect I will say this for Lion FX, it has a lot of promise and I am sure with some fine tuning it will be a good one.

The biggest problem is that it gets to many trades open at once and the stop loss can not be set manually.
The EA decides to close trades based only on indicators and that can be dangerous because indicators can 'ride the line' for hours before giving a signal to close the trade and that can and will cost money.

I have seen it as high as 8 trades deep and still going because the indicators used are riding the line.

It seems to set the next entry at 12 pips apart from the previous one.

So a buy at 1.89750 is sure to have the next trade open at 1.89870

There NEEDS to be a way to limit the number of active trades.
There NEEDS to be a way to tell the EA to close a trade after X pips lost.

I will say that this is not a grid EA, a grid EA follows a very specific pattern of placing and closing trades X pips apart regardless of market conditions and this EA does not fit that bill at all.

I think Alex has great customer service skills and his EA shows a lot of promise if he listens to his users and can implement what they want to see.

In closing I will say I am leaving this myFXbook account for any that are reading it and want an unbiased opinion.

That sound you hear is God laughing as he hears traders say "I know for sure what way the market is going".
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