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Swing Trader PRO System (By swingtraderpro )

Gain : +11625.9%
Drawdown 100.00%
Pips: 19938.8
Trades 450
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Manual

Swing Trader PRO System Discussion

_FXiGoR
Oct 05 2015 at 05:34
2 posts
PS. I trade my own EA. Only to help me to execute MY CURRENT rules because I need some sleep now and then.
Rooi
Oct 05 2015 at 08:29
38 posts
I for one will be happy to see all the proof I need to see in the coming months when he trades this system again and we can see what type of risk and draw down there is.

Rooi
swingtraderpro
Oct 05 2015 at 17:20
10 posts
I will continue to block you, because you are not a customer and have not used the system so your comments are not relevant.
MikeGC
Oct 08 2015 at 06:01
20 posts
Doug,

I am interested in purchasing your EA but there are couple of things that you could do to give me, and any other potential customers who may read this blog, some confidence.

1. You could start trading again on some other site please, to overcome the criticisms of Synergex.
2. You could change your payment system so that there is no risk of paying the full price if one isn't satisfied with the EA, or it doesn't suit my lifestyle. (In Australia, I am going to bed when NY opens.) I would be much happier paying more for a longer trial, or renting it on a monthly fee, and even paying more than $497 if I wanted to own it.
3. You could clarify how you arrive at a 21.71% drawdown. In my book, it is the difference between the max. peak in the balance less the next minimum trough in the balance, all divided by the max. peak. This occurred between 6th and 10th August 2015 and amounted to 16.1% [(116.268-97.483)/116.268]. The equity figure Frank Wright uses is merely the difference between the balance and the loss on the open trades on that day. Thus on 6th August the losing trades were showing a loss $17,795 and on the 10th, $14,076. At the end of trading on 24th August, when all trades were closed, the equity equals the balance. The difference between the two lines shows the variability of the system, and is a function of the length of the trade and the size of the stop loss. Perhaps this is something MFB should explain.

Doug, the other thing that surprises me is that you don't defend your system against these criticisms. Is there a reason for this? Perhaps it is that none of the critics are users but that raises the question as to why none of your users supported you. It would be very comforting if there were more bouquets than brickbats!

Looking forward to your response,

Best regards,

Mike
Only do, or don't. There is no try.
frantzair
Oct 12 2015 at 13:36
5 posts
Is someone using the system?
Any feedback available?
Thanks
Rob Scelfo (Dionysus231)
Oct 15 2015 at 18:30
67 posts
So far 6 trades on swing trader. 5 still open and floating. 1 closed at take profit yesterday +436 pips. Pretty cool! I hope they all go that way. I think the entry and exit points in swing trader are really good in theory. And I hope in reality as well. You can see the price reacting constantly to the lines of support and resistance in the program. It's great at telling you where to get into a trade. My only thing is I'm not always sure when I should manually close out a trade. Or if I should at all. Right now I'm just seeing what they do on their own. Either they hit take profit, trailing stop, or STop loss. That's how I'm gonna test it

I still haven't figured out how to have the swing trade alerts emailed to me. That would be great so I don't miss any when I'm at work. Still waiting on Doug to Point me in the right direction with that.

I also see that the lines change a little over time and not sure how we should adjust our open trades to those changes. I wish there was more about that and about setting up email alerts in the manual.

Results with channel pivot and vortex have been very disappointing. But it's half my fault for risking more than I should.. I reset my settings for all those softwares last night to percent of balance 5%. Just because a software has a 97% win rate doesn't mean we should be risking 20% a trade


fx_raptor
Oct 19 2015 at 09:45
27 posts
I bought this system last night,can you tell me where can get the Purchase Receipt information to active my license,it always show receipt wrong,and send email to u ,no response now .
mobydick
Oct 19 2015 at 13:54
7 posts
Hi Doug,I have question about stochastic indicator.Lets say i have short trade open based on system rules and price action choppy with stochastic going down to 20.What do you do in this case close the trade at be or small loss or keep orders until tp or sl hit.
Rob Scelfo (Dionysus231)
Oct 20 2015 at 18:40
67 posts
I caught a nice short on the usdcad with this system last night. manually closed at 50 pips. was up most 70 pips. drawdown was 32 pips. I have captured about 500 pips in the two weeks I'm using it. But I will say the lines that the system draws you for support and resistance tend to change slightly. So they are meant to be used as a guide and not an absolute. Give yourself some room to breathe with your stoploss
tellanup
Oct 23 2015 at 09:18
132 posts
Dionysus231 posted:
I caught a nice short on the usdcad with this system last night. manually closed at 50 pips. was up most 70 pips. drawdown was 32 pips. I have captured about 500 pips in the two weeks I'm using it. But I will say the lines that the system draws you for support and resistance tend to change slightly. So they are meant to be used as a guide and not an absolute. Give yourself some room to breathe with your stoploss

Hello Rob,
Any further trading updates on this?
Have a nice weekend.
Thanks
Mark (webdude2000)
Oct 26 2015 at 12:38
36 posts
Dionysus231 posted:
I caught a nice short on the usdcad with this system last night. manually closed at 50 pips. was up most 70 pips. drawdown was 32 pips. I have captured about 500 pips in the two weeks I'm using it. But I will say the lines that the system draws you for support and resistance tend to change slightly. So they are meant to be used as a guide and not an absolute. Give yourself some room to breathe with your stoploss

Rob, are you still pulling great winners on this system?

It would be awesome if Doug started trading it again so we can see the fantastic results.

I will probably buy a license soon as well but won't be able to monitor it for alerts during the day.
Rob Scelfo (Dionysus231)
Oct 26 2015 at 21:50
67 posts
Ill let you know end of this week. These trades average 4-5 days. I currently have 4 open trades. 114 pip drawdown at the highest and has been as high as 160 pips. Still love the system. I would like to see Doug make some training videos for using the swing trader pro software. The manual is good but just doesn't quite explain everything. Like maybe how long you should wait before trading pairs that experienced a news event or a huge 150-200 pip move recently. Im definitely learning much more and much faster manually trading so that's good. It has great potential.
tellanup
Oct 29 2015 at 10:40
132 posts
Rob,
Would you please share your overall feedback for the system so far.
Thanks
BigSteve
Oct 29 2015 at 14:39
101 posts
Six pages and it's still inconclusive. Are there any real users who can comment. We hear from Rob on the Channel Pro thread.
Are there any others here who trade real money live and can comment. Nobody on demo please. Demo is too easy to kill out and restart with near term start dates. Looking for six month live real money users.
Rob Scelfo (Dionysus231)
Oct 29 2015 at 20:07
67 posts
Overall I think it's a good system. I think I had some bad luck between big pivot trader drawdowns and channel and vortex losses so I ran out of margin and had a few swing trader trades close due to no available margin. My fault for risking too much across using 4 systems and too many trades open at once. So overall the system is good. But you also have to be a good trader. I'm making some rookie mistakes.
kjen17
Oct 29 2015 at 20:35
6 posts
is this not just same as MBFX, Centre of Gravity?
BigSteve
Nov 02 2015 at 09:49
101 posts
There does not appear to be any accumulated interest in this so I am moving on.
SST (superswingtrader)
Nov 05 2015 at 07:40
10 posts
I am planning to purchase swingtraderpro to give accurate feedback if its worth a punt, anyones interested in joining me to make shared purchase p.m me. We can try this one for couple of months as author stated if it works it works else we can climb refunds...

No point bad mouthing author and all that, also this one is manual system we decide the MM accordingly to trade.

MikeGC
Nov 06 2015 at 09:22
20 posts
Hi SST, I support your idea and look forward to seeing how you go. Unfortunately I can't join you as yet because I have other commitments till after Christmas. Would be happy to consider it then, but am not sure how it can be shared as there is probably a license agreement and a linking code stopping this.

Perhaps Doug could advise on this matter.
Only do, or don't. There is no try.
Pablo51
Nov 06 2015 at 14:43
91 posts
HI,

It is my first post here and I want to congratulate this community for the tons of useful information you provide to all traders.

I have been operating Swing trader pro for a month or so and I would like to share my experience.

So far I am very happy with the results but you must be aware of the following issues:

1. I am not risking more than 1% per trade. I am trading 18 pairs which normally means my open risk is about 5% at every moment.

2. Trades last a lot. My average is no less than 7 days.

3. Get ready for the trades to go south for a long time.

4. It is not a EA. It is a n indicator. It suggests you SL and TP points.

5. For successful operation you will have to adjust manually both for succesful trades.

6. It is not for beginners. You need to use judgement to close trades manually.

Overall it is a good indicator if you have experience in trading. Otherwise I believe it is nor for you.

And it requires a lot of patience and cold blood.

Forget about achieving the results showed in the myFxbook unless you take crazy risks. If your positions are to big the time the trades are in negative may create easily a margin call. Be prudent with your risk management.

Having said that I believe it is a good indicator.

Good trades.
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