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Profit Empire Robot (de profitrobot)
The user has made his system private.
Discussion Profit Empire Robot
Apr 30, 2014 at 18:49
consigliere posted:
do we have clowns running this bot? do i need to stay up all night and watch the price hit decent lows so i can close the trades myself before they make huge jumps (like they do pretty much every day)? why isn't the bot closing these 3 week old trades? profit empire robot is losing all of its credibility with this 3 week long fiasco....
I must admit you are right. Had we closed the trades with the 10% profit. we could be seeing something like additional 10% profit by now. That would make very close to 30% which is the vendors goal.
the true is their reputation has been damaged by much with this :(. And I loved how accurate they were with taking profits (when the price has turned right the next second the trade was closed)
Membre depuis Jul 05, 2011
posts 301
Apr 30, 2014 at 19:18
(édité Apr 30, 2014 at 19:19)
For me, there have been no surprises. I'm not even concerned about leaving the take profit at 30%. What bothers me is the total disregard for the fundamentals (news). I believe a hedge should be placed when there are a large number of trades open during high impact news . . . especially the FOMC, but any high impact news also. Using technicals is all well and good, but news can greatly alter/reverse the trend and cannot be discounted. A well placed hedge would have allowed us to exit the trade with > 30%. To PER, I wouldn't change the system, but I would incorporate a hedge 30pips out for high impact news when trades are open. If it doesn't move, the hedge can always be cancelled.
Apr 30, 2014 at 20:06
(édité Apr 30, 2014 at 20:11)
@sparrowia
i like what you say. we are responsible for our accounts. the vendor will not compensate any losses. I have one position open only (the famous 9th grade when no DD was promised). Other positions closed with a small profit (overall 4%)
In general i believe EU will go south. Unfortunately, we could see a flyer first :(
i like what you say. we are responsible for our accounts. the vendor will not compensate any losses. I have one position open only (the famous 9th grade when no DD was promised). Other positions closed with a small profit (overall 4%)
In general i believe EU will go south. Unfortunately, we could see a flyer first :(
Membre depuis May 08, 2012
posts 316
May 01, 2014 at 01:07
(édité May 01, 2014 at 01:08)
Aplmustdie posted:
For me, there have been no surprises. I'm not even concerned about leaving the take profit at 30%. What bothers me is the total disregard for the fundamentals (news). I believe a hedge should be placed when there are a large number of trades open during high impact news . . . especially the FOMC, but any high impact news also. Using technicals is all well and good, but news can greatly alter/reverse the trend and cannot be discounted. A well placed hedge would have allowed us to exit the trade with > 30%. To PER, I wouldn't change the system, but I would incorporate a hedge 30pips out for high impact news when trades are open. If it doesn't move, the hedge can always be cancelled.[/quote
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
May 01, 2014 at 05:09
Currency trading is like riding a roller coaster so I believe that the basket will close with a profit. I have been trading for a living since 2006 and it's a great job that gives me the freedom to do what I want and more importantly the freedom to do it when I want. In April I made enough money to cover half the loss PER would generate if each of the 9 trades would hit the 180 pips drawdown which is very unlikely. Losses are normal in trading so you have to accept them as part of the business. PER has supplemented my trading income every month since I have been using it including this month (the first 5 trades) and it is the same for all users so why complain? Of course I don't like having 10 standard lots tied up for so long but this is the way it goes. Don't forgets these two advices:
1. Don't trade with money you can't afford to lose.
2. If it's too hot get out of the kitchen.
😉
1. Don't trade with money you can't afford to lose.
2. If it's too hot get out of the kitchen.
😉
Membre depuis Oct 30, 2013
posts 117
May 01, 2014 at 06:50
Hi
Everyone have to wait till TP or SL hit , if you think there is a good point to close your trades you can close manually . Again you have to wait for Price Hit 1.3767 or 1.3923 .
Regards
Profit Empire Robot
Everyone have to wait till TP or SL hit , if you think there is a good point to close your trades you can close manually . Again you have to wait for Price Hit 1.3767 or 1.3923 .
Regards
Profit Empire Robot
Membre depuis Jun 03, 2013
posts 79
May 01, 2014 at 06:55
Anyone has new opened positions if previous positions was closed manually ? I think the system has bugs.
I have sent email to them to need an explanation. Now waiting for answer.
I have sent email to them to need an explanation. Now waiting for answer.
May 01, 2014 at 07:00
@ken graskauskas: I like the idea of hedge in that kind of extrem scenario but usually your hedging trade will be executed with a very large slippage if the trade stop (the hedge) is trigered by the release of a news. No?
buy low sell high
May 01, 2014 at 07:01
Darren2013T posted:
Anyone has new opened positions if previous positions was closed manually ? I think the system has bugs.
I have sent email to them to need an explanation. Now waiting for answer.
Since this thing is a trade copier EA you have to switch off the EA before closing positions manually, otherwise the EA tries to reopen the given open positions from sender account of PER. You can only switch on again the EA when PER has no open position anymore...(maybe in some weeks LOL)
forex_trader_149646
Membre depuis Sep 09, 2013
posts 406
May 01, 2014 at 07:54
Is the vendor account a Cent account at RoboForex?
Membre depuis Jun 03, 2013
posts 79
May 01, 2014 at 10:36
ForexPro posted:Darren2013T posted:
Anyone has new opened positions if previous positions was closed manually ? I think the system has bugs.
I have sent email to them to need an explanation. Now waiting for answer.
Since this thing is a trade copier EA you have to switch off the EA before closing positions manually, otherwise the EA tries to reopen the given open positions from sender account of PER. You can only switch on again the EA when PER has no open position anymore...(maybe in some weeks LOL)
I have email them before, they said this.."
Hi
Once you closed the trade , EA won’t be able to reopen that again , so let EA close the trades for you
Or if you think its necessary to close trades manually then there is no problem , you can close them any time you want
Regards
Profit Empire Robot"
So i want to see how they explain this.
Membre depuis Jul 05, 2011
posts 301
May 01, 2014 at 10:43
sebast posted:
@ken graskauskas: I like the idea of hedge in that kind of extreme scenario but usually your hedging trade will be executed with a very large slippage if the trade stop (the hedge) is triggered by the release of a news. No?
Sometimes there is slippage higher than normal and the spread is also increased at news time. But in the case where you already have your bottom exposed with a number of trades open, a hedge may mean the difference between, in this case, at 30% profit and a 50% loss. To put the slippage and spread in context, unexpected news can move the market 100s of pips in a very short period. I have friends that make their living trading news and while they don't always win, they do alright for themselves, even with the slippage.
May 01, 2014 at 11:13
ForexPro posted:Darren2013T posted:
Anyone has new opened positions if previous positions was closed manually ? I think the system has bugs.
I have sent email to them to need an explanation. Now waiting for answer.
Since this thing is a trade copier EA you have to switch off the EA before closing positions manually, otherwise the EA tries to reopen the given open positions from sender account of PER. You can only switch on again the EA when PER has no open position anymore...(maybe in some weeks LOL)
This morning i restarted my VPS and when the EA initialized it reopened the 2nd and 3rd trades (1.37703 and 1.37935) which i closed 2 weeks ago, they reopened at 1.38702 which is far from the max/min pips tolerance that i have set to 5.0
I think there is a bug.
May 01, 2014 at 11:26
PNANG posted:
@Ilyezz
I think there is an option in the EA "AllowReopen", if you could check to see if yours is true?
thank you for your reply, it is set to "false" anyway it would only reopen if the actual price is close to the initial price with 'x' pips i set in max/min pips tolerance.
May 01, 2014 at 11:33
if you set the "allowreopen" to false, the EA does not open a trade that you close and that's marked with gray cross (i believe), however, if you restart the ea, the orders are marked with an red X and the EA considers such trades as a new trades and opens them with a slippage you allow (for positive slippage the default value is 100 pips and negative should be 5 pips). In this case, we have positive slippage within the 100 pips value, so the trades are open immediately.
you could either change "place.SELL.orders" to false
or decrease the amount in "MaxPairOrder" to the actual number of open trades (or lower)
and yes, you can always switch the EA off
you could either change "place.SELL.orders" to false
or decrease the amount in "MaxPairOrder" to the actual number of open trades (or lower)
and yes, you can always switch the EA off
May 01, 2014 at 11:34
profitrobot posted:
Hi
Everyone have to wait till TP or SL hit , if you think there is a good point to close your trades you can close manually . Again you have to wait for Price Hit 1.3767 or 1.3923 .
Regards
Profit Empire Robot
thanks profitrobot, at least we know what our boundaries are
