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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
131 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

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