FXJETBOT diskuse

blackmole posted:

EugenGFu posted:
Found this post by occasion. I bought the FXJet a few week ago and was testing it on a demo account. I really like it. Honestly, it is a really good EA for several reasons:
- The system, on which it is sold makes sure, that the EA places (copies) exactly the same positions as on the MyFxBook account. I tried other systems before and it was usually a huuuge issue. 'Your broker, your spread, your xxx...' This one tries really hard to deliver the same stuff the author sells here.
- The EA uses usally 2 positions before hitting SL. Last week SL of EURUSD was hit. I felt that the distance between these two position was adjusted to low volatility times. Anyway, the EA has a 'okish' SL of 'only' one week of profits. So also according to the track record, you will need about one week to recover. And these events happen only from time to time.
- I am not affiliated with the author. I just know how much work it is to build an EA of that quality and really appreciate the work.

Well it is recovered very quickly because a huge trade is opened which most often wins back the losses, but could also just lead to blow the account. Apparently there is a drawdown protection in place, which makes the system even more strange (if you have a SL, why would you need a drawdown protection?)

So if you run the system, why don't you publish the account?

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jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

EugenGFu posted:
As of account publishing: I dont have to. I checked the trades and they are the same.

EugenGFu posted:
As of the 'if you have a SL, why would you need a drawdown protection?': Please be very, very careful with such 'direct deductions'. A good system, believe me, requires many safety nets. It can be implemented in may ways. FxJet stops trading if 20% (e.g.) of the account are burned by EURUSD. Others switch to a second price action pattern, if the first fails

EugenGFu posted:
Anway, we have today a huuge EURUSD position in FxJet. Which seems to work out well. Lets wait for a day and see how it ends.

jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

blackmole posted:

jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

Where did you get that line and how can you see it's a micro account?

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jackcallum posted:
All they accounts use broker FXOpen (micro account), because they use a dangerous martingale strategy and they are aware that the account can blow in a few days or even years, as it happened with the popular FXCharger and there blow $40,254.

blackmole posted:

EugenGFu posted:
As of account publishing: I dont have to. I checked the trades and they are the same.

Of course you don't have to. But so far I have only seen the authors account which uses the EA, not a single other account that shows the EA is working as expected. That doesn't build my trust, because the EA might have different results with other brokers.

EugenGFu posted:
As of the 'if you have a SL, why would you need a drawdown protection?': Please be very, very careful with such 'direct deductions'. A good system, believe me, requires many safety nets. It can be implemented in may ways. FxJet stops trading if 20% (e.g.) of the account are burned by EURUSD. Others switch to a second price action pattern, if the first fails

Thing is: Let's say you have all 5 pairs with open trades, each with a 5% drawdown, which is OK for each pair. But the EA will close them because you have more than 20% drawdown. That's not good, especially because the backtest results are useless then.
I understand why you want a safety net. But the safety net should be below the SL.

EugenGFu posted:
Anway, we have today a huuge EURUSD position in FxJet. Which seems to work out well. Lets wait for a day and see how it ends.

I wish you good luck. For me, those are suicide positions.
Seems like statistics work out well, but still looks dodgy.

jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

Tom12345 posted:

jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

Do we know if this is true, they do not trust their own EA, so they are using a cent account.

blackmole posted:

Tom12345 posted:

jackcallum posted:
29478011 2022/11/11 23:13:01 INTR20221111:USD 10.00:J4817110 0.00 0.00 1 000.00

Just so you know that this is a micro account because they use a strategy similar to martingale (increasing lots) like all their EAs on Forexstore with their own rating of 10 points. For example, when you have a profit of $16000, you actually earned $160. This is proof that they are afraid to risk real money.

Do we know if this is true, they do not trust their own EA, so they are using a cent account.

I also didn't see it at first, but the part 'USD 10.00' gives it away.

Tom12345 posted:
Where did you see 'USD 10.00'. Thanks