primeval-ea_v2.1-live-fxcbs Discussion

LOL.... subscribed some minutes before the post... I wonder under how many names the primeguy operates here, as he does on the indo- investasi forum ......🙄

ForexPro posted:
    LOL.... subscribed some minutes before the post... I wonder under how many names the primeguy operates here, as he does on the indo- investasi forum ......🙄

Not another one of those... :( All to scam people? Wow.... I hope not.. Are there any honest people in forex?

I subscribed so I could post my thoughts. It's a good EA and it's working well for me. I have no interest in scamming anyone. Looks to me like it makes money on live accounts too.

its ok theres always dips in the curve, even their backtest results shows dips. but important when market back normal the EA should grab as much pips as possible so when the next dip comes it will just be a nibble on the equity curve... at least i hope so.

ForexPro posted:
    LOL.... subscribed some minutes before the post... I wonder under how many names the primeguy operates here, as he does on the indo- investasi forum ......🙄

That forum is full of illegal stuffs and should be taken down and the only name here is the one who writes this post.

I also don't use different names in other places.

fulcrumfx posted:
    Thanks for the excellent EA Primeval. I've had profits 4 out of the last 5 days with both FXCBS and ATC Brokers. The key is knowing which pairs to trade and which ones not to. I put significant effort into analyzing which pairs will trade the most consistently and I'm really happy with the results I'm getting. The dynamic TP is a really great idea. Thanks Primeval!

Thanks for the appreciation despite of these bad says lately.
What a trending move for EURCHF, EURUSD, GBPCHF and GBPUSD pairs today in the middle of our trading session.

If this account suffers more drawdown, the lot size will have to be reduced from 0.3 to 0.2 at least till things are more calmed down, there would be no choice considering the leverage of 1:100.

primevalea posted:
    

ForexPro posted:
    LOL.... subscribed some minutes before the post... I wonder under how many names the primeguy operates here, as he does on the indo- investasi forum ......🙄

That forum is full of illegal stuffs and should be taken down and the only name here is the one who writes this post.

I also don't use different names in other places.

You posted on indo-investasi forum under the name 'scf' (banned bc of abusive language and insulting members) and than again as 'alguien'

ForexPro posted:
    

primevalea posted:
    

ForexPro posted:
    LOL.... subscribed some minutes before the post... I wonder under how many names the primeguy operates here, as he does on the indo- investasi forum ......🙄

That forum is full of illegal stuffs and should be taken down and the only name here is the one who writes this post.

I also don't use different names in other places.

You posted on indo-investasi forum under the name 'scf' (banned bc of abusive language and insulting members) and than again as 'alguien'

Yes, that's true, I don't want that people sharing all kind of stuffs illegally and even complaining if they don't make money with a stolen system. But still I don't use several names, I had to create a new one to continue accessing the forum and know what's going on, that's all.

stevetrade posted:
    I'm not trying to limit anybodies capabilities, it's quite possible that he could figure out a way to do it.

Maybe he could write code that parses the entire Bloomberg website and cross references it against a database of words most likely to cause uncharacteristic spikes in currency pairs?

😲

Please dun embarrass yourself here. Traders are fully aware that a piece of news is good or bad will depend on the reaction of the market. Though S&P cut the rating for Ireland, EUR strengthened against Dollar since yesterday. It's good news for EURO that S&P cut rating for Ireland and bad news for the Dollars ! The price movement should have given us a clue and hope that the developer of Primavel may have noticed some price pattern to avoid some losing trades.

kobebeef posted:
    

stevetrade posted:
    I'm not trying to limit anybodies capabilities, it's quite possible that he could figure out a way to do it.

Maybe he could write code that parses the entire Bloomberg website and cross references it against a database of words most likely to cause uncharacteristic spikes in currency pairs?

😲

Please dun embarrass yourself here. Traders are fully aware that a piece of news is good or bad will depend on the reaction of the market. Though S&P cut the rating for Ireland, EUR strengthened against Dollar since yesterday. It's good news for EURO that S&P cut rating for Ireland and bad news for the Dollars ! The price movement should have given us a clue and hope that the developer of Primavel may have noticed some price pattern to avoid some losing trades.

Do you believe in MAGIC?
Because what you require is close to magic. It's not Steve that's embarassing himself, it's you. You cannot filter all the news.
I have to say all asian scalpers have tough period, mine especially. Primeval is doing fine when others fail, at least for now.

forexma posted:
    

kobebeef posted:
    

stevetrade posted:
    I'm not trying to limit anybodies capabilities, it's quite possible that he could figure out a way to do it.

Maybe he could write code that parses the entire Bloomberg website and cross references it against a database of words most likely to cause uncharacteristic spikes in currency pairs?

😲

Please dun embarrass yourself here. Traders are fully aware that a piece of news is good or bad will depend on the reaction of the market. Though S&P cut the rating for Ireland, EUR strengthened against Dollar since yesterday. It's good news for EURO that S&P cut rating for Ireland and bad news for the Dollars ! The price movement should have given us a clue and hope that the developer of Primavel may have noticed some price pattern to avoid some losing trades.

Do you believe in MAGIC?
Because what you require is close to magic. It's not Steve that's embarassing himself, it's you. You cannot filter all the news.
I have to say all asian scalpers have tough period, mine especially. Primeval is doing fine when others fail, at least for now.

You and Stevetrade think alike. If the developer think it is already the best by comparing to others, the improvement will stop. Again, whether the news is a good or bad news depends on market reaction and market reaction can be noticed in the price movement.

It's not true that all ASIAN scalpers are performing badly during the past few days. There is one that trade only EURGBP was giving good returns and I've been using it on my live account since start of this year. This EA was not on FPA. There are many good EA that are not on the FPA.

I love Magic during the performance and how it was done. Breaking the Magician code is one of my favorite show on AXN. The morale of the story is not to be contented with existing magic tricks but to keep looking for new ideas, else all magicians will be performing the same old tricks.

My 2 cents thought... Long term curve is more important... I am newbies in testing primeval in live account but I will give it to perform 2 months before I say it is not working and I will put money I can afford to lose... although it is negative zone but when I look at privemal EA . it also went into negative when it first started... Honestly, I dunno know when it is good time to stop or start an EA.... Just let it run full auto..... 😐. Let it proof itself

I think avoiding the news is the best solution. We're not in a position to interpret the news and look for known patterns. Forex is chaos, when important news are present forex is EXTREME chaos. And yes, there are moments when there's news that are not expected and spitted just like of nowhere like that S&P report. It's beyond our capabilities to follow 100% of the information out there.

yekie posted:
    My 2 cents thought... Long term curve is more important... I am newbies in testing primeval in live account but I will give it to perform 2 months before I say it is not working and I will put money I can afford to lose... although it is negative zone but when I look at privemal EA . it also went into negative when it first started... Honestly, I dunno know when it is good time to stop or start an EA.... Just let it run full auto..... 😐. Let it proof itself

I like how you think. People can't predict when market will be good or bad for their EAs. A good EA should survive the bad market conditions and then recover the losses and go in profit. We cannot babysit our EAs all the time. The only thing I do is to stop the EA when I expect high news impact, I don't like roller coasters.😄

this EA works only 3 months, it's a scam 😁

kobebeef posted:
    

forexma posted:
    

kobebeef posted:
    

stevetrade posted:
    I'm not trying to limit anybodies capabilities, it's quite possible that he could figure out a way to do it.

Maybe he could write code that parses the entire Bloomberg website and cross references it against a database of words most likely to cause uncharacteristic spikes in currency pairs?

😲

Please dun embarrass yourself here. Traders are fully aware that a piece of news is good or bad will depend on the reaction of the market. Though S&P cut the rating for Ireland, EUR strengthened against Dollar since yesterday. It's good news for EURO that S&P cut rating for Ireland and bad news for the Dollars ! The price movement should have given us a clue and hope that the developer of Primavel may have noticed some price pattern to avoid some losing trades.

Do you believe in MAGIC?
Because what you require is close to magic. It's not Steve that's embarassing himself, it's you. You cannot filter all the news.
I have to say all asian scalpers have tough period, mine especially. Primeval is doing fine when others fail, at least for now.

You and Stevetrade think alike. If the developer think it is already the best by comparing to others, the improvement will stop. Again, whether the news is a good or bad news depends on market reaction and market reaction can be noticed in the price movement.

It's not true that all ASIAN scalpers are performing badly during the past few days. There is one that trade only EURGBP was giving good returns and I've been using it on my live account since start of this year. This EA was not on FPA. There are many good EA that are not on the FPA.

I love Magic during the performance and how it was done. Breaking the Magician code is one of my favorite show on AXN. The morale of the story is not to be contented with existing magic tricks but to keep looking for new ideas, else all magicians will be performing the same old tricks.

Primeveal is an Asian session scalper. Asian session scalpers work off the basis that the price during this period is less volatile and more predictable using technical indicators.

Hence, when news comes out that is not anticipated the price will be more volatile and less predictable using technical indicators.

There are three ways that this can be addressed in my opinion.

1) You can use wide stop losses in order to allow the price to come back to it's normal oscillation after the volatility. This is what most Asian scalping EA's do in order to circumvent this. However the wider the stop loss the worse your risk/reward ratio.

2) You could try to measure pip velocity and leave the markets as soon as a sharp move counter to your trade was detected. This would probably lead to a lot of false indications, unless you waited for a very strong move. Which would probably bring you close to your stop loss anyway.

3) You can try and anticipate the news, either automatically ( for which there is a good Forex Factory indicator which can be used and which I have already told Sergio about ) or manually ( which is down to the trader monitoring the economic news and turning off the EA when he thinks volatility will increase ).

If anyone has any other suggestions and would like to bring them to the table that would be great

I just don't trade Asian scalpers anymore! Time is pretty over since hundreds of such scalper EAs are on the market. Brokers and other big dogs ain't so goofy to let us go away with this trading approach on the long run.

yekie posted:
    My 2 cents thought... Long term curve is more important... I am newbies in testing primeval in live account but I will give it to perform 2 months before I say it is not working and I will put money I can afford to lose... although it is negative zone but when I look at privemal EA . it also went into negative when it first started... Honestly, I dunno know when it is good time to stop or start an EA.... Just let it run full auto..... 😐. Let it proof itself

Waiting two month? Verrrrrrrrrry good idea... than u will see the EA starts to lose and the next version will provided to the desperate clients... this is what happend in the past over and over again to me and many others... Dont waste your time and money!😉

ForexPro posted:
    

yekie posted:
    My 2 cents thought... Long term curve is more important... I am newbies in testing primeval in live account but I will give it to perform 2 months before I say it is not working and I will put money I can afford to lose... although it is negative zone but when I look at privemal EA . it also went into negative when it first started... Honestly, I dunno know when it is good time to stop or start an EA.... Just let it run full auto..... 😐. Let it proof itself

Waiting two month? Verrrrrrrrrry good idea... than u will see the EA starts to lose and the next version will provided to the desperate clients... this is what happend in the past over and over again to me and many others... Dont waste your time and money!😉

If that happened to you, what are you doing here?

It's notable how after a few losses people start to talk, has the account been blown up or what? The loss is small considering that this account is currently being traded using fixed 0.3 lots on a $3,000 account size.

It will recover the losses for sure and and continue where it was, if you backtest the EA it's always the same history, there are just worst periods than others

Look at the drawdown: 18.91%, it's still acceptable don't you think?

How fool some people are.