Profit Empire Robot Discussion

Hi all,

I was lured to PER by the amazing growth performance, and even subscribed to him for 2 months on my demo account.
I have since unscubscribed.

I soon realized that the performance of any EA on this site is misleading UNLESS the performance is marked-to-market
on a daily basis. By not marking-to-mark daily, traders hide the true volatility, draw down etc of their EA.

This is a simple fact, which I have pointed out the the site administrators. All EA's should be marked-to-market daily with no exception, otherwise what is the point of this whole exercise?

Cheers

Guys. All positions are closed right? I mean from the PER itself, not the positions that you opened yourself. So now is a fresh start after the difficulties has pass.

EAgreat posted:
WELL!!! PER PREDICTED 1.3750 HIT ON FRIDAY AND IT DID!!! HOW MAGICAL!!!

Predicted not for this week... there is 2 weeks ago! :)
and they promise amazing profit... 7% is not what a call amazing

in the past PER got a big DD of 50% but followed by a good win, and the bad move was not so long.

Angry8 posted:
Predicted not for this week... there is 2 weeks ago! :)
and they promise amazing profit... 7% is not what a call amazing

in the past PER got a big DD of 50% but followed by a good win, and the bad move was not so long.

Been blocked after only one post...yupi!


Angry, I would not be that harsh. Yes, it took a month and a week to close (they were off with the prediction by a mile), but at least they closed the trades when they were in some profit. I would give them some credit for being adaptive to what their customers say. And the customers clearly said 'please close as soon as possible with zero or small profit'. Initially, they insisted on closing at 3750. That was the reason why they did not close for 10% profit.

Had they closed all trades at 3750, we would see the huge profit they were talking about. Anyhow, I am happy they have closed for only 6-something percent. We can get back to the usual trading.

Please al, adjust your risk appropriately!!! Reduce the lot size and reduce the number of max open allowed trades. We were quite lucky this time. However, had not we stop at 1.40, we could have seen a nice margin call on all accounts

Thats my conversation with PER one month ago...ofcourse I didn´t subscribe to this clueless liaer
                     
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profix Apr 06 at 08:19
Hello,
before I subscribe , I would like to know how your system will adapt when the daily ATR starts raising dramatically or when you get surprised by a price jump of some hundred pips against your open positions for whatever reason(i.e. terror attack). I see no SL on your trades, hence a margin call isnt unlikely in such a case.
Since your grid spacing seems pretty small and static I´m a bit concerned..
Thanks for your time.
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Profit Empire Robot (profitrobot) Apr 06 at 17:06
Hi
Our System can find True Trend Reversal before it start and take trades According signal .
In past 8 Months it happen a lot of time that what you are saying and our system made huge pips on that time .
NFP's or Bid Rate came and our system made big profits , SL is Hidden , we are using 180-220 pips Emergency SL
Our Max open Trades are 7 , This system is not grid but made to harvest maximum pips every time on every signal
Regards
Profit Empire Robot
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profix Apr 06 at 20:48
Hi,
 I have 11 years trade experience. so let me tell you
in past 8 months it happened NOT a single time the scenario I discribed. You have been lucky, bc daily ATR was low.
Furthermore ist clearly a grid system, otherwise you wouldnt have to add up to six positions to a losing position. I ask you again what will you do when already seven positions are in loss and the price goes further against you lets say by 200 pips? You will get MC!
Your distance between added positions( grid spacing) is to small to survive when ATR gets big.
BTW Hiding SL makes only sense on fast scalpers, not on your system.
Thanks for your time.
 
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Profit Empire Robot (profitrobot) Apr 07 at 02:19
Hi
200 pips DD is our 30-40% Account Equity = our Monthly Profit Ratio .
Regards
Profit Empire Robot
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profix Apr 07 at 07:33
Hi,
may I help you a bit in mathematics ?
You actually traded in the beginning on 10.000 USD account with 1 lot. And announced max 5 open trades .
5 x 1 lot x SL 200 pips = 10.000 DD , means margin call, account lost!

Right now you are trading on 100.000 USD account with 5 lots. And announced to open max 7 trades.
7 x 5 lot x 200 = 70.000 DD, means 70% DD of account equity. On some brokers you get already margin call at this DD Level.
Thanks for your time
 
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Profit Empire Robot (profitrobot) Apr 07 at 09:58
You missed 1 thing , 200 pips from 1st Trade , Please fix it
Regards
Profit Empire Robot
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profix Apr 07 at 10:46
Well... you didnt mention this before when I asked about the SL. There remain still around 50% DD. Just two of such bad strikes in a row and the account will be toast.
Thats why I asked in my first mail how adapt the system when the daily ATR raises.
Don´t get me wrong, I myself traded in the past grid systems and it always ended in disaster, sooner or later...I just try to understand what you intent to do to avoid the worst case.
Thanks for your time
 
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Profit Empire Robot (profitrobot) Apr 07 at 14:33
Hi
1st:we don,t use Atr'zzzz
2nd:AGAIN its not GRID
3rd : you can wait 7-10 years so you will sure about it that this EA work Good and safe , you will find it same as today ;)

Don,t Mind it but i will suggest you to wait and just watch it making profit for Others :)
Regards
Profit Empire Robot
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profix Apr 07 at 17:06
Looks like you dont even know what ATR or grid means.. Your arrogant answer is typical from people w/o real clue.
NO subscription!
Good luck anyway

@profix...

I still don't understand why they don't recognize their system as a grid one!
I think the entire community agree with this clear fact... but they don't want to be associated to this 'grid' word.
also they said 7 trades, while its 9
for the huge bad DD suffered they said a SL of 180 pips, which was false too...
but per your conversation this may vary up to 220pips, and we don't know when, how, who decide etc...
I agree with you, its a non-sense to not have a fixed SL, hidden SL is not relevant here.

so again, how can we manage the risk with a so huge number of unknown variables :)
harvesting the maximum number of pips with a small win of 7%... well... we are clearly not on the same planet here :)

ok, maybe they finally act as requested by all their subscribers: close ASAP!!!!
but it was good to close there is 1 week or 2, not after 3 weeks of waiting for a TP... why they take so many time to change their mind?

I really don't understand the PER guy.

Hi all,

i´m subscribed to PER for about 2 months now and i´m a ambitious but non professional trader. I experienced the situation in the last 5 weeks and followed the discussion here on myfxbook. Though the recent DD situation was a bit special i really like this system/signal/service!

Here are my two cents about this system and about all the sceptics in this thread.

In my opinion some comments are much too critical against PER and i would suggest to review your own expectations against this 100$ service from time to time.

It could maybe be a bit relaxing for one or another to simply accept that

- neither any 'perfect' trading system is available for only 100$/month
- nor there is such thing like 'risk free' FX-Trading with fantastic profits (maybe even not with small profits)

PER seems to be offered by one or more guys who are very clever and capable in FX-Trading - i definitly appreciate their work. That is what really matters. Not the type of the used system ('grid') and not the question in how far every single given information is scientific profound at the end of the day. They do not run a information service but a trading signal. So we should not rate the given answers/promises/informations but the trading style/results. For me its absolutely ok to accept this fact.

Particularly the traders with a bit more experience - some of them seem to be most critical against PER - are in the position to utilize PER at the best: They have the ability to use PER as a kind of 'basic service' to add their own individual money-/risk management strategy on top.

I think everything is perfectly fine if you are aware of the fact that you are paying 100$ a month to get nothing more than a nice trading system which brings you mostly impressive results and which you just should customize a bit regarding the risk settings (not forgetting that you will be hardly able to completely exclude ANY risk in FX Trading).

Check your settings regarding the number of max. open trades, check the lot size - consider lower fixed lots -, make shure you have always more money on your account as you think you should at least have and always watch your margin level. Have your own emergency plan if your margin level falls below your personal 'feel good barrier' (for me its <1000%). Be prepared to deactivate before any margin call to take matters in your own hands.

For me the PER offer is an absolutely perfect deal as in my trading history - some years - i have never seen such a promising system as 'PER + my own expertise'!

I suggest the critics to bring to their mind how much they have to pay and what they realistically can expect for their monye (and what not). If this comparision comes (from your individual perspective) to a reasonable result: Keep your membership up. If not, cancel your subsciption. It´s that simple!

Thanks to PER for operating this service and a profitable new week for all of us!

Cheers!
Fox

fox91 posted:
Hi all,

i´m subscribed to PER for about 2 months now and i´m a ambitious but non professional trader. I experienced the situation in the last 5 weeks and followed the discussion here on myfxbook. Though the recent DD situation was a bit special i really like this system/signal/service!

Here are my two cents about this system and about all the sceptics in this thread.

In my opinion some comments are much too critical against PER and i would suggest to review your own expectations against this 100$ service from time to time.

It could maybe be a bit relaxing for one or another to simply accept that

- neither any 'perfect' trading system is available for only 100$/month
- nor there is such thing like 'risk free' FX-Trading with fantastic profits (maybe even not with small profits)

PER seems to be offered by one or more guys who are very clever and capable in FX-Trading - i definitly appreciate their work. That is what really matters. Not the type of the used system ('grid') and not the question in how far every single given information is scientific profound at the end of the day. They do not run a information service but a trading signal. So we should not rate the given answers/promises/informations but the trading style/results. For me its absolutely ok to accept this fact.

Particularly the traders with a bit more experience - some of them seem to be most critical against PER - are in the position to utilize PER at the best: They have the ability to use PER as a kind of 'basic service' to add their own individual money-/risk management strategy on top.

I think everything is perfectly fine if you are aware of the fact that you are paying 100$ a month to get nothing more than a nice trading system which brings you mostly impressive results and which you just should customize a bit regarding the risk settings (not forgetting that you will be hardly able to completely exclude ANY risk in FX Trading).

Check your settings regarding the number of max. open trades, check the lot size - consider lower fixed lots -, make shure you have always more money on your account as you think you should at least have and always watch your margin level. Have your own emergency plan if your margin level falls below your personal 'feel good barrier' (for me its <1000%). Be prepared to deactivate before any margin call to take matters in your own hands.

For me the PER offer is an absolutely perfect deal as in my trading history - some years - i have never seen such a promising system as 'PER + my own expertise'!

I suggest the critics to bring to their mind how much they have to pay and what they realistically can expect for their monye (and what not). If this comparison comes (from your individual perspective) to a reasonable result: Keep your membership up. If not, cancel your subscription. It´s that simple!

Thanks to PER for operating this service and a profitable new week for all of us!

Cheers!
Fox

Hello All,

exactly this is my point, for all those who r criticizing the system so much heavily if they have something better than this then plz share it, otherwise what r u guys doing here in this forum, it's only cz u r interested in it. u recognize it.

and for all those who say that the system is risky, then i will just say to them that plz invest somewhere else or present a riskfree system to all of us. FOREX is all about risk, invest money u afford to loose. Just tell me that which investment gives 10%-30% per month return, obviously none, if forex offers this return then u have to bear the risk too, if u target 10% return per month then this system is riskfree.

i hope the system remain this much successful for a longer period of time, i wishthis n pray for it, Insha'ALLAH.

THANKS

for a 100$/month system I expect a top class one.
which is not the case here.
we can found a lot of free or low cost signal providing lower risk.
just take a look at the zulutrade site to find some or the mt4/5 site where we can also have signals
like https://www.mql5.com/en/signals/30745

if you are ready to lost your account, you can use the FXVoodoo EA for example, the DD is big, there is a real SL in place and the profit can be 100% per month. (not a grid system)

from the forexpeacearmy site, the new EA ear16 (appear to be a grid or martingale system) gives near 50% per week!!! but its a new system, we have to wait to see some month of life...

so finally... yes, there is room to complain about the PER signal.

Like it or not - this is a high risk system.

EA is of high risk, that everyone administers his account.

  But gentleman - for, very little professionalism no answering the questions of this forum.
 To block accounts paragraph no to share comments is slightly professional and of bad personage.

  It begins one to give the números of or of face we will erase for badly service and bad assistance.

  Answer for they favor gentleman PER.

I don't believe this PER! I cancelled my recurring in PayPal last Friday. The next thing I know he stopped the EA from receiving signal. Unbelievable! I already paid the whole month's subscription until 28th.

Do not subscribe to this service anyone who is new here.

therichonedemo1 posted:
I don't believe this PER! I cancelled my recurring in PayPal last Friday. The next thing I know he stopped the EA from receiving signal. Unbelievable! I already paid the whole month's subscription until 28th.

Do not subscribe to this service anyone who is new here.

When you start to subscribe ?

Oh, lalala, I love you baby! :D

It looks like we are in a buy trade but the price is going deeper and deeper... what do you think guys?

Petr7 posted:
It looks like we are in a buy trade but the price is going deeper and deeper... what do you think guys?

Really don't know - but it's scaring me that PER could read the market so wrong. I thing we could be in for another 3 week war of attrition - though this time I don't think we'll come out of it prettily.

I think Jawad has lost his mojo...

yep, @Lardo I got the same feeling

Why did the postings stop? How much percent is the drawdown now?

BigSteve posted:
Why did the postings stop? How much percent is the drawdown now?

hello

because it is abitter truth that everybody posts when there r hard times, nobody posts when there r profits...

sad but it's true.

thanks