this is nearly the same ea like this gridtrendmultiplier ... i have this ea since a long time and you can make a great profit.... but you have to know exactly the trend ,,its very dangerous when trend is changing.... i maked with this ea sometimes 200 % a month... but i crashed accounts too when there was 20 trades open and a high news was coming in the wrong direction.... import is to make the lotsize not to high and the gridsize ( orderdistance) not to small... the system works when you know the trend in the future
for me the discussion ends here. The system is sold as a robot. for me it is a scam because the positions open in one direction without consideration of the market. for this reason it is necessary to this robot, m because everyone is free to open the outstanding positions manually. everyone can decide for yourself I end the discussion here for me it is a scam reading the manual I posted you will realize that it is a scam
Why would you put money in a system with 55% drawdown? Would you be upset losing more than half of your money when you wake up the next morning?
It is not a grid system. All the setting and parameter are set by you. If you set it to high risk setting like order distance too close or too big lot use to trade. Whatever EA you use, with high risk setting, your account will be gone.
But with low risk parameters, your account will survive any market condition. Of course you cannot blindly deploy the EA and expect the EA to generate money without you doing anything.
so with the kind of risk that you are using right now it's a matter of time before it blows out
@braddock yes, exactly. This EA is semi-automated. You need to learn the strategy from the manual, understand reward/risk potencial and with the EA iteself you can make a killing. Vendor is obviously trading it very profitable whole 4 months.
if I have to decide when to enter the market on the basis of indicators such as Bollinger bands and other indicators at this point I do not need the robot, because I can safely set of positions in slope in manual according to the market. for this reason the robot is a scam. the price of the robot is 490 dollars. this man is a crook and you have to lock it to prevent other people go to buy the robot. a robot grid of this kind costs 15 dollars on the market. tell everyone that this man is a crook and not to buy the robot
@empiredraft i see several problems with your myfxbook account: 1. you are using unknown/not credible broker 2. account is not verified 3. gain to drawdown ratio is rather poor in comparison with TrendScalpingEA, so i would go for EA that has better ratio and makes more money.
JojoW posted: @empiredraft i see several problems with your myfxbook account: 1. you are using unknown/not credible broker 2. account is not verified 3. gain to drawdown ratio is rather poor in comparison with TrendScalpingEA, so i would go for EA that has better ratio and makes more money.
*broker and account can be fixed within 5min.
*better ratio and makes more money. With 55% drawdown, barely making more money really. I average +300 pips a day and +75 trades daily, clearly my settings are ultra tight. I rather play it safe from day 1.
If you are hoping that i will wiped my account. U can see for yourself if i am bluffing with my equity and balance. The following data show my currency traded for the month of October and pips gain for this four months.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.