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Profit Empire Robot (By Profit Empire Robot )

The user has made his strategy private.

Profit Empire Robot Discussion

SimpleComments
Apr 12 2014 at 07:24
16 posts
yes, its a grid system.
they don't increase the lot size, so its not a martingale... but opening multiple trades and closing this in batch for me its a grid.
you'll do everything possible to finish on profit... even loosing your account.

SimpleComments
Apr 12 2014 at 07:24
16 posts
Professor53 posted:
AT $1000 deposit and $100 a month lease fee, If you double your account in 10 months, your still at zero growth..

they don't increase the fees to 120$ / month ? :)

Sebast (sebast)
Apr 12 2014 at 07:30
52 posts
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.

buy low sell high
ovisun
Apr 12 2014 at 12:07
429 posts
Last daily candle and the volume suggest a reversal, so be patient fellow traders, even if we have Draghi's speech this evening.

Regards.

user111
Apr 12 2014 at 14:28
26 posts
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.


any information is appreciated

SimpleComments
Apr 12 2014 at 14:28
16 posts
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.

No matter the name, the result is the same... increasing the risk instead of accepting the lost when a trade was not so good.
its not a bad thing.
The key point is:
when the trader will accept the lost?
when X% of the account is lost? or when there is a margin call?
'Averaging down' appear to be a strategy where the trader close the trades in lost and reduces its DD.
if you wait for a MC, the name of the strategy is not important, its a 'win or cry' strategy, and the vendor has to be clear on this.
did you associate 'risk free system' to a system which can do a margin call? in my vocabulary its not a risk free system.

check how many people starts to be inconfortable and starts crying because the DD is high?
its because they are not aware of the real risk...

the vendor must be clear on how he manage the risk, when he close the trades, what is the emergency close level etc...
does they'll get their 120$ monthly fees if they produce a bad -50% month? or do they don't care?

like an insurance... if you are ready for the bad, you can live without stress.

well.. wait and see... Monday will be a long day :)

HHD (doegie)
Apr 12 2014 at 21:21
64 posts
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.


you are wasting your time IMHO. you are right that they are averaging down. that is what all grid and martingale systems do. but here, the pips between trades varies all over the place. they must have some technical trade setup rules for both entries and exits, and they are not going to tell you what they are, so you cannot replicate their strategy.

Make it, or break it!
AXCESZ
Apr 13 2014 at 07:01
12 posts
SimpleComments posted:
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.

No matter the name, the result is the same... increasing the risk instead of accepting the lost when a trade was not so good.
its not a bad thing.
The key point is:
when the trader will accept the lost?
when X% of the account is lost? or when there is a margin call?
'Averaging down' appear to be a strategy where the trader close the trades in lost and reduces its DD.
if you wait for a MC, the name of the strategy is not important, its a 'win or cry' strategy, and the vendor has to be clear on this.
did you associate 'risk free system' to a system which can do a margin call? in my vocabulary its not a risk free system.

check how many people starts to be inconfortable and starts crying because the DD is high?
its because they are not aware of the real risk...

the vendor must be clear on how he manage the risk, when he close the trades, what is the emergency close level etc...
does they'll get their 120$ monthly fees if they produce a bad -50% month? or do they don't care?

like an insurance... if you are ready for the bad, you can live without stress.

well.. wait and see... Monday will be a long day :)


The current DD is high yes it can be better, defenitly last sell trades in such a stong upward move, was better to wait till weakning of the uptrend like last friday. But i do not think PER is opening multiple sell positions if he is not sure PER's targets will hit shortly. I will also not risk 50% of my account, i do not think PER also, look at his account balance +100K, it is not logic he will risk 50% of his total balance either if he is not sure don't you think guys? that would be fullish. PER delivered only positive pips every month for many months, that means you can trade. Hopefully PER will take in consediration to take trades later in the oppisite direction in stong movements to prevent large DD's.

Looks like a top is reach on EUR/US, hopefully we get a stong movement down comming week, that will be our week :)
Take care!

Sebast (sebast)
Apr 13 2014 at 07:02
52 posts
doegie posted:
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called 'Averaging down'.

I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.


you are wasting your time IMHO. you are right that they are averaging down. that is what all grid and martingale systems do. but here, the pips between trades varies all over the place. they must have some technical trade setup rules for both entries and exits, and they are not going to tell you what they are, so you cannot replicate their strategy.


I have reproduce PRE (entry and exit criteria are not 100% the same than PRE as my broker is different) and I can say that if the leverage is properly set the draw down can be really low. The profit will be of course more realistic than PRE... Expecting 40% per year instead of per month...

I think it's a very good strategy, the only think I would suggest is to reduce the leverage because I don't think it will be easy to go to sleep with a draw down bigger than 20%. ;-) and anyway 50% profit per month, it has to involve big DD, stop being naive.

buy low sell high
jiang
Apr 13 2014 at 11:32
36 posts
40% per year,it is not attractive for grid trading

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