Discussion Tom'sEa WPFX LIVE

I gave up on this EA a long time ago..... have offered to give away my lifetime subscription... can't even get any takers for that!

I kept following it until my u/n p/w stopped functioning just to see if the account would last.
It had several pretty scary draw downs during that period.
Strangely enough....when DP's next answer to Fx was released my old login died so maybe it was the support that stopped working rather than my p/w?
Have you tried yours @flopps?
If it still works I'd be interested to keep it going as by having the ea running forced me to watch the market more and look at what was happening. I'd mark my imressions on the chart (as to whether I thought it was a good bad time/direction to enter) when a new trade was taken to get a feel for how good my own analytics were.

My tom EA is running on 5 pairs making 4%/month with 30% max DD. I wait for it to blow...

I have been using Tom's EA since November 2011 and have more than doubled my account.

I am trading EURUSD and GBPCAD at RL1 and just trading microlots.

You just have to make sure you have enough equity to cover the DD's until the market reverses and closes your basket.

I make sure I have at least $2000 per pair traded.

Hope this helps..

Tango46 posted:
ok, so I would really like to know what risk settings they are using for the different pairs on the account running for myfxbook -- does anyone know those, or better yet, have they been posted??

Back in November 2011 I chose the Tradency setup at WorldProFX. Since then they have dropped Tradency and I use MT4 to monitor my account. I was very cautious at the beginning so I'm now at 140%. I was able to compare my data to Tom's which anyone can download from Myfxbook.
RL1, which became 100% in Tradency at some point, is 0.01, a microlot, I was able to deduct by comparing my Tradency and MT4 data. From the Myfxbook data downloaded, I see that Tom's risk levels in mid-march were: EURUSD RL3 (.0.03), GBPUSD RL3, USDCAD, RL3, AUDNZD RL3. EURGBP was dropped after the May 2012 stop-loss and USDJPY too because of the BoJ's interventions.
I personnally stuck with Tom's risk management recommendations and, due to my initial caution, hadn't yet added the EURGBP pair in May and didn't suffer. I now have EURUSD and GBPUSD at 0.02, EURGBP, USDSCAD and AUDNZD at 0.01. These are opening positions that can be increased by the martingale-like strategy.
2000$ per pair for DD will be a good benchmark to gradually increase Risk Level to have a coumpouding effect. In fact, probalby more like 1000$ balance per minilot of initial position. I might implement this scheme with a good buffer in a few month. I got a 30%+ DD last winter that had me worried for a week.
Hope this helps.

Anyone want to let go his lifetime membership? Please contact me as I am interested.
Everything can be discuss.

I got the update as a matter of course, but I don't use it since I went for the Tradency service option. So I can't help you with the EA per se.

Hello Everyone, we did make some updates to the EA if you are a subscriber and did not receive info via email its possible you have opted out of our mailing or the email went to spam. The members area is updated with the new guidelines. Please post questions about the EA to our support department as this forum is not monitored by our staff and only occasionally checked up on by myself. We have a fully staffed support team so make sure you are taking advantage of it. Live chat is available in the members area and our email address is [email protected] With the new changes settings 10, 20, and 30 are equal to the old 1, 2, and 3. It is now based on percentage of balance. So if you have a 10k account and you set it to 10 it will trade 10% or 1k in volume ie .01 lots. This allows for a more fractional approach. This primarily becomes advantageous on accounts over 10k. For example before if you had 40k, setting 1 would have traded .04 lots and that would be the smallest size you could trade. Now you can use a setting lower than 10 ie 5 which would trade 5% of 40k (2k) or .02 lots. This also opens the door for smaller accounts to trade using a nano account. Also, with the extremely volatile markets we are seeing we have also adjusted the 'recommended settings' If you have been using Toms Ea for a while and are comfortable with your current settings than you can keep them if you like however for those coming into it new we are suggesting much lower risk settings based on available capitol than we have in the past. We have also lowered the rl on the the account this thread is linked to. We are currently running equal to the old RL4 or RL 40 on the new version. Once the AudNZD closes weather that be through profit or me just closing it if it becomes to much of a draw down we will be removing that from the account which would put us at RL 30. I may add a different pair or increase RL on one of the others. That is TBD.

Please read about TOMS EA here - https://worldwide-invest.org/threads/6213-Tom-ea/page2?highlight=TOMS

ur account is in danger

I got a 7.42% gain this month and 41% so far this year on 5 pairs: eurusd (RL2), gbpusd (RL2), eurgbp (RL1), usdcad (RL1) and audnzd (RL1). I think it says a lot about spreading the risk over more pairs. I've followed Tom's initial advice to a t and not regreted it. USDJPY was understandably removed from pairs available on Tradency due to BoJ interventions.

In 2012, I was untouched by the May eurgbp DD as I was still only on eurusd. My gain for 2012 was 70% because of a very cautious start.

A killer May DD again this year just in, this time with audnzd. Me, I made $34 with audnzd this week, $88 for the month, on a total of $864 on 5 pairs.

IMHO, WPFX LIVE should go back to 5 pairs with lower risk levels.

i think this strategy is MArtin with SL?

EAguru posted:
i think this strategy is MArtin with SL?

From what I gather, modified martingale, elements of grid and simultaneously (basket) closing a set of positions on a pair, not all open positions. There's more going on, but I couln't say. The SL is at 600 pips, seldom triggered. More leverage, like 1:400 at WPFX, is better. Basic position is 1 microlot, but with the martingale a position can increase to several minilots. There is an overall DD 'security', if you will, that's about 40% of balance.

That has been triggered recently in the WPFX LIVE account, as it was a year ago. Only insurance against this is a proportionally hefty balance, so in this example of WPFX LIVE, $38950 wasn't enough to avoid triggering the 'security' with the risk levels used. Happened last year, mostly due to EURGPD, this year, AUDNZD. Opening AUDNZD position is 0.03, 3 microlot, then the martingale position increases are by multiples of this basic position. And there lies the rub: a strong trend will provoque an equallty steep increase of positions, and risk as well, the account drawing nearer to the 40% trigger.

Risk is dialed by the user by increasing the opening position size from 0.01, to 0.02, etc. Tom recommends conservative risk management on the web site. Another element of risk is choice of pairs traded, more liquid is better. USDJPY was dropped from the recommended pairs because of BoJ interventions.

I don't know what would have prevented the recent loss, but a smaller basic position of 0.02 for AUDNZD, or maybe $10000 more in the balance could have done the trick. The lesson for me is to be content with a slower increase of my balance. In the end, I'm ahead - so far.

For Tom's EA, strong trend is risky. A lateral market yields more or less constant revenue, and there lies happiness. You could say that anything that goes wrong with this EA is due to user's greed. I've seen a lot of bad stuff on the web about Tom's EA and all I could say is these people didn't follow Tom's risk management advice. Of course what happened to the showcase account in May 2012 and 2013 is also... well, bad.

So far, since Dec. 2011, the only negative week I've had is when WPFX finally dropped Tradency, they manually closed lingering positions. The new setup is a VPS account. MT4 has replaced Tradency from my end.

So besides greed, the other problem I know of - surfing the web, is a given infrastructure not permitting the program to operate as designed. I understand this is why Tradency is not offered this time around, as 'reputable' brokers have rules with Tradency Tom's EA can't live with. I don't know how it would perform on a regular account with 1:50 leverage.

Sad to say, your milleage will vary from a broker to another. I think it's worth the trouble to open a new account at the broker where an EA you want to buy has done so well.

That's about it.

Ohh DD is to high

TheFX4You posted:
Ohh DD is to high

My DD is now at -36%, from -18% last Friday, mainly due to GBPUSD, dangerously close to the 40% limit, so I'm manually closing a large position. Better loose a few hundreds than 40% of my account :-/

I will be monitoring closely...

1 Payment of $1,997.00

It's not a lot for martingale strategy?

https://www.forexpeacearmy.com/public/review/www.tomsea.net
https://www.forexbrokerz.com/news/forex-review-less-more-happy-forex-tom-ea

Jarora posted:
1 Payment of $1,997.00

It's not a lot for martingale strategy?

https://www.forexpeacearmy.com/public/review/www.tomsea.net
https://www.forexbrokerz.com/news/forex-review-less-more-happy-forex-tom-ea

😁😁😁 scam)) people where do you find it))

grhfor posted:

TheFX4You posted:
Ohh DD is to high

My DD is now at -36%, from -18% last Friday, mainly due to GBPUSD, dangerously close to the 40% limit, so I'm manually closing a large position. Better loose a few hundreds than 40% of my account :-/

I will be monitoring closely...

You must have your settings wrong. Their is no way your draw down is that high if you are using it correctly. I have a smaller account that I use to monitor it and compare with other small accounts and my 5k account currently has -$20.81 in negative equity at the moment and its trading a total risk level of 30 which is pretty high for a 5k account. That being said please contact our support department to ensure you are using the software correctly and do so quickly before you margin your account. [email protected]

Alex posted:
 scam)) people where do you find it))

Not sure what you are getting at. A strategy in use for two years that has made over 100% is a scam?

https://www.forexpeacearmy.com/public/review/www.tomsea.net
https://www.forexbrokerz.com/news/forex-review-less-more-happy-forex-tom-ea

The FPA reviews date back almost 2 years and are almost at 4 stars. Hard to say its a scam with that type of history.

The other review takes this account out of context when comparing it to this other strategy. If you trade the recommended pairs only ie the eur/usd the gbp/usd and the usd/cad the picture looks completely different. Do a custom analysis on this account only taking into consideration those pairs for the lifetime of the account and you will see an over 400% return with no more than 19% drawdown. The other pairs that took losses are pairs we are testing internally and are not on our recommended list of pairs to trade with Toms EA.

IMPORTANT - I only check in on this forum occasionally, it is not owned or monitored by the staff of Toms EA and you can not expect to get answers to your questions from our staff on this forum. If you have questions or believe the software is functioning incorrectly Please contact support if you need assistance @ [email protected]

There are two types of Toms EA trades. Traders that make great money over time and Traders that blow up their account. The difference between these two types of traders is quite simple. Those that blow up their accounts use it incorrectly. Either they trade to high of a risk level or they set it up incorrectly and it trades the wrong lot size ie mini's instead of micro's or if you have a small account trading micro's instead of Nano's. The account that this thread is linked to is a great example of that. We are testing other pairs and taking on quite a bit of risk. Even with two major losses on these other pairs we are testing we are still up over 120%. So if you are trading based on the recommendations in the members area your typical drawdown should be under 10% to 12% and your profit should be between 3% and 8% a month. If either is exceeding that by a great deal you are probably using it incorrectly. In fact, using custom analysis you can see that the worst drawdown we have ever seen was only 19% if you trade only the pairs we suggest in our members area.

Dustin

GlobalProfit posted:

grhfor posted:

TheFX4You posted:
Ohh DD is to high

My DD is now at -36%, from -18% last Friday, mainly due to GBPUSD, dangerously close to the 40% limit, so I'm manually closing a large position. Better loose a few hundreds than 40% of my account :-/

I will be monitoring closely...

You must have your settings wrong. Their is no way your draw down is that high if you are using it correctly. I have a smaller account that I use to monitor it and compare with other small accounts and my 5k account currently has -$20.81 in negative equity at the moment and its trading a total risk level of 30 which is pretty high for a 5k account. That being said please contact our support department to ensure you are using the software correctly and do so quickly before you margin your account. [email protected]

Alex posted:
 scam)) people where do you find it))

Not sure what you are getting at. A strategy in use for two years that has made over 100% is a scam?

https://www.forexpeacearmy.com/public/review/www.tomsea.net
https://www.forexbrokerz.com/news/forex-review-less-more-happy-forex-tom-ea

The FPA reviews date back almost 2 years and are almost at 4 stars. Hard to say its a scam with that type of history.

The other review takes this account out of context when comparing it to this other strategy. If you trade the recommended pairs only ie the eur/usd the gbp/usd and the usd/cad the picture looks completely different. Do a custom analysis on this account only taking into consideration those pairs for the lifetime of the account and you will see an over 400% return with no more than 19% drawdown. The other pairs that took losses are pairs we are testing internally and are not on our recommended list of pairs to trade with Toms EA.

IMPORTANT - I only check in on this forum occasionally, it is not owned or monitored by the staff of Toms EA and you can not expect to get answers to your questions from our staff on this forum. If you have questions or believe the software is functioning incorrectly Please contact support if you need assistance @ [email protected]

There are two types of Toms EA trades. Traders that make great money over time and Traders that blow up their account. The difference between these two types of traders is quite simple. Those that blow up their accounts use it incorrectly. Either they trade to high of a risk level or they set it up incorrectly and it trades the wrong lot size ie mini's instead of micro's or if you have a small account trading micro's instead of Nano's. The account that this thread is linked to is a great example of that. We are testing other pairs and taking on quite a bit of risk. Even with two major losses on these other pairs we are testing we are still up over 120%. So if you are trading based on the recommendations in the members area your typical drawdown should be under 10% to 12% and your profit should be between 3% and 8% a month. If either is exceeding that by a great deal you are probably using it incorrectly. In fact, using custom analysis you can see that the worst drawdown we have ever seen was only 19% if you trade only the pairs we suggest in our members area.

Dustin

if you so sure in TOM EA - open REAL PAMM account and innvite investors who interest is 100 % per two Year. You talking
And do not sell EAs per 1500$ Haha