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RISE AUDCAD (By Bob LLewellyn )

Gain : +24.83%
Drawdown 12.10%
Pips: 16976.0
Trades 236
Won:
Lost:
Type: Demo
Leverage: 1:200
Trading: Automated

RISE AUDCAD Discussion

Bob LLewellyn (ForexAssistant)
Mar 18 2014 at 06:34
465 posts
Thanks for the Kudos, I'll take them. Believe it or not, talking about what you have accomplished can be more stressful than actually doing the work to accomplish what you set out to do. But teaching is something that I enjoy and learning is like food and water to me.

So it's good to be able to meet up with others that want to know different ways to trade and make money. We focus on safety but anyone can talk about other different ways of doing things that seem to work out better than the establishment.

I would like to welcome everyone who contributes to our knowledge by posting here and thank you for taking the time to do so.

Bob

where research touches lives.
Bob LLewellyn (ForexAssistant)
Mar 22 2014 at 05:52
465 posts
The Profit factor for this account is 3700.

What that means is the sum of the profits,divided by the sum of all 2 losses = 3700

I would like to know if there is other things out there that is higher and what they are called.

Bob

where research touches lives.
pinoybboy2004
Mar 23 2014 at 08:35
4 posts
Martingale? I see 10 open trades and all of them shorting the AUD/CAD

Bob LLewellyn (ForexAssistant)
Mar 23 2014 at 09:29
465 posts
Martingales only have one open trade at a time, you can tell a martingale because the trade size doubles on every loss. You have to look into the trade history to tell what kind of a system you have.

When you look into the history of RISE you see that they are all for profit, a Martingale doubles the losers.
A martingale is only one type of a recovery system. It also doesn't work very well. However, there is a recovery system based on the Fibonacci sequence that uses PHI that works like a dream.

RISE is a split grid. A standard grid doesn't work all that well but a split grid is a different story. Let me know if you want to know more and I'll point you in the right direction.

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 24 2014 at 03:17
268 posts
Haven't had a chance to get back to this one in a while Bob. Been busy working on a bug in one of my EAs. Rise looks good on the right pair with stable growth but not really the type of EA I would trade.

I'm going to run some tests on your other EAs as soon as I get some free time.

All up as I said. Looks like a good stable work horse but not exactly my cup of tea. I'm afraid I'm just too much of a thrill seeker. 😇

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 24 2014 at 04:45
465 posts
I appreciate the feed back. As you know this was designed to be a retirement program and as such has to be safe but unfortunately, that means not as much return. However, it is as safe as bonds which are paying around 2% a year, annuities which are around 6 to 8% per year, or stock dividends paying about 4 to 5%. So in its right category, RISE is a great addition to the portfolio. In trading circles where people actually have to work for a living, well, yes they can make more.

Please let me know what you thought about the Passive Income Generator and Pegasus. And the book, how was it to read?
I can use all the unbiased feedback I can get.

Thanks again,

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 24 2014 at 10:36
268 posts
Mate thank you VERY much for the copy of Robotic Investing. It was a good read. Enjoyed it very much. Great writing style for the content. Again some views differ but our requirements and perspectives are very different. No right or wrong as I see it just differing requirements from the market.

Makes a great companion to Retire with EASE and brings a great deal of depth to your systems. I would recommend that anybody wanting to trade any of your systems read it first.

Great detail not only on the background and reason behind the EAs but also how and why they are constructed and managed.

For anybody interested the link is here.

https://forex-assistant.com/author/



You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 26 2014 at 09:45
465 posts
Wow, that some review, thank you. I was thinking technical suggestions but was more impress with your writing, are you a journalist or writer in a different life? I would be willing to co author with you if you think it would be something that would be of value.

On a different subject, I have to take a little down time. A couple of days. Sometimes life can be a little overwhelming which is just Gods way of saying 'slow down a little.' Think I'll listen.

Cheers mate, (always liked that expression)

Bob

where research touches lives.
FXWorkz (Silverthorn)
Apr 07 2014 at 06:32
268 posts
Hay Bob. This thread has gone a bit quiet!! Still kicking goals?😀

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Apr 07 2014 at 09:03
465 posts
Silverthorn; glad your back.

I have been working a bit, I took some time off after my sister died but now I need to refocus and get back to work. What I am looking for is a system or device that will be able to pick buy or sells with a 75% (or the best possible) accuracy (correct choice). It isn't for this system, RISE, this one is best for retirees that are trying to live off of the returns that they get from bonds. 12% a year ain't bad when you consider how safe it is compared to stocks.

I love it and as soon as I get moved out of the USA, I have my broker all line up and ready to go live. Just need a better address.

See, I will be 62 this year, (legal retirement age in the states) so I prefer to walk and let the younger folks run. As you mentioned we have different goals so of course the way to reach those goals will be different.
 
But I came up with a novel way for investors to fund their 'get out of work free' account. That's my new way to say retirement. However, I have broached the subject on another thread, and I'm waiting to see what kind of response it gets.

By-the-way, I posted an article on Martingale systems that may interest pinoybboy2004 and possibly a few others. here's the link.

https://www.myfxbook.com/community/new-traders/martingales-good-bad-just-misunderstood/745521,1

Bob

where research touches lives.
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