Tom'sEa WPFX LIVE diskuse

'Tom'sEa WPFX LIVE ' has not been updated since Feb 07 at 22:45. Hope they solve it soon!

   Elovv posted:
   Hi
On Dustins WPFX live account they started with $10000 and used RL8. Now there are a balace of $27500 and they use RL6, they have used RL6 since beginning of december. So the recommendation to use RL8 with account >$11500, they only use RL6 for $27500.

Remember that the risk does not decrease with more money once you exceed 10k so the amount we have is not relevant but remember we used RL8 for months than when we went into the December and January months we toned it down as we told everyone to do because of the volatility that occurs during that time frame and we just have not adjusted it back up because the volatility has not ceased. We have been in draw downs since January. Not sure what you were implying by that statement but non the less we are not doing anything that is not totally transparent.

I'm not trying to put you on the spot, or in a bad light, but my questions are:
- What changed between version 1.44 (when I was a beta tester) to now (ver. 1.89)?

From a trade logic stand point i.e. the way it trades nothing has changed. Basically minor bug fixes regarding the distribution as well as some bug fixes regarding lot size on certain broker platforms. We have also added some features by request but the logic of the trading has not changed.

- Why wasn't it specifically stated at forex traders daily that if you had under a certain amount, manual intervention would be required (I search and search before I got stopped out)

Its not a matter of being a requirement so much as it is a matter of using lower dollar amounts increasing the risk which was disclosed and in return could lead an individual to want to manually intervene. There is no exact figure that this would be the case. If you are looking for a guaranteed thing with set rules that will always prevail the Forex is not for you. The second you put boundaries on the market it will break them. The second you say 'the market will never do x' it will do it. This ea is great in a ranging market and does a great job of coping and profiting in a trending market when compared to other EAs but it still requires a little more patience.

- Why weren't we (I) notified if the trading requirements changed?

Nothing has changed in regards to your requirement. There has always been risk in the Forex that things will not go as planned and we did notify people going into December and January that the volatility could increase. This would especially affect a smaller account.

Interestingly - some time back I was having HUGE DD when no-one else was, in fact Dustin claimed to be 'flat', now I am having only average DD while everyone else is having huge DD - weird.

I wonder though if that is because for some reason no new trades have been added since 01 FEb on my account......

This could be a matter of timing. i.e. your first trade went long instead of short. I am actually experiencing something similar on my Non hedging account which has almost no draw down. Its currently at about $84 on a 8100.00 account and I think its because its non hedging and it started in the right direction.

   GlobalProfit posted:

Interestingly - some time back I was having HUGE DD when no-one else was, in fact Dustin claimed to be 'flat', now I am having only average DD while everyone else is having huge DD - weird.

I wonder though if that is because for some reason no new trades have been added since 01 FEb on my account......

This could be a matter of timing. i.e. your first trade went long instead of short. I am actually experiencing something similar on my Non hedging account which has almost no draw down. Its currently at about $84 on a 8100.00 account and I think its because its non hedging and it started in the right direction.

Not saying yes, not saying no - basically I don't know

Account allows hedging
DD is 10% currently
This is (lower than) the 'normal' level of DD I have experienced since the EA was first released.
For a long period (majority) I have run at 25% which I would consider as 'normal'
This is based on a 10k+ account @ RL1%

Cheers
Seth
:)

   tradingshed posted:
...The choice is to hope everything will be fine or abandon hope and try to formulate a 'damage limitation' plan for a worst case scenario which probably will involve losses but manageable losses.

...... In the end for me is survival first, profits afterwards

Had I kept all positions open, and should cable break through recent high......ouch.

So, I am an advocate of manual intervention if and when needed, but, more importantly I believe that responsibility should lie with the user, not the developer. The final decision is inevitably with the user.
A while ago, we all asked for an equity loss cut off point built in the EA. With v1.89 it was provided, so, in theory, it would not have been possible for anyone to exceed xx% amount of losses. (mine is also disabled!)

From the manual >>> The drawdown logic would only work if you also set 'liquidation' to on;
in which case it'll only liquidate once the equity hits the drawdown level as keyed within.
But you'll need to set all the charts to the same drawdown level.
If you set one higher, that pair will get hit 1st.
If liquidation is 'off', it won't work no matter what the DD level. >>> that's what i get when i demo-ed the logic.
------
especially when the euro-zone is causing such havoc till now (will it drop to zero?!?), & especially if we are setting each on RL2...
I agree that manual intervention is needed for those not wanting a big 'ouch' or margin call to either
 intervene by a 'bail-out'; or
put some lots as insurance with the 'unwelcomed' trend; or
reducing the balloon-size.

If we don't wish to do that any time soon, then better get a low (Safe) enough RL for our account and learn what ever we can... demo till we're ready, not much harm done; just how fast we become more ready, prepared for this...when the stakes becomes higher...
-------
As for why CanAm's got a seemingly different results than most of the rest, i'm speculating that it's more to do with RL 1%, like he said..
-------
Personally, i'm still feeling G/U is quite a hard-core beeyacht since my intro. to this EA... so she's quarantined till further notice :)

   foreigncurrency posted:
   Hi Dustin,

Thats not what I recall. What sold me is that during one of the webinars, it was said that at least $1000 was recommended but no less than $750. I was sold.

Everything was going fine when I was 50:1 with Alpari. Turned a profit and basically became a cheerleader for this EA. I withdrew from Alpari so I could deposit with a broker that would give me the benefit of hedging. I also switched to mirroring with tradency, but then a big drawdown was looming.

Trying not to panic I contacted Tom since you guys were busy with recovering the site, and Tom (who seems like a really nice guy) eventually suggested that I close out my biggest 2 to 3 trades or Add more money. I was real disappointed, because the whole real I bought the EA was for *it* to do the trading for me, since I relatively new. I know I know... I understood the risks, but I also thought I understood this to be mostly 'hands off', since putting your emotional, inexperienced hands on it could kill things.

Before I got a chance to make a choice on what to do (in a matter of hours), I got a margin call and the lost half the account.

So, I disconnected from Tradency, and started using the Ea these guys are using mt4i.com/users/illuminati
Deposit: $50,000 on 2012/01/05 23:27:49
Currently: Bal. $84,414.00 and -$445.00 in open trades (thats less than 1% of the balance)
Gain:+62.32%
Abs. Gain:+62.43%
Daily: 1.43%
Monthly: 51.48%
Drawdown: 13.91%

So our little test account is making a comeback since the EA is meant to work with as little as $100
mt4i.com/users/foreigncurrency

I would love to return to Toms EA, and Tom said that the EA can recover the account, but...

I'm not trying to put you on the spot, or in a bad light, but my questions are:
- What changed between version 1.44 (when I was a beta tester) to now (ver. 1.89)?
- Why wasn't it specifically stated at forex traders daily that if you had under a certain amount, manual intervention would be required (I search and search before I got stopped out)
- Why weren't we (I) notified if the trading requirements changed?

Humbly,
Pete

P.S. Im actually a few studying a few trading courses now

   GlobalProfit posted:
...For anyone that has experienced a margin call it is my guess that you were trading a smaller account. From the beginning we have told people that you could trade this EA with as little as 1k if you had 400.1 but it was not recommended. The more money you have up to a point any way the less risk you take.

Hi,

Would you share the name of the EA you use?

You mean with Toms?

Well, with non-hedging, like with Alpari, it started with the low deposit balance minimum that was suggested then, and no hedging, and it seemed to do great. Low DD and an steady 30 pip growth. Then I moved over to Tradency via FXDD, I simply set everything up exactly as detailed in 'Best Practices', and allowed it to mirror exactly as specified. The min. balance and hedging with Tradency lead to an unavoidable stop out if I didn't manually do something.

Justin, I understand the risk and no guarantees in Forex. I do, all I'm saying is that this is what happened:

1) Oh no, the open negative trades and growing very large. Should I let the mirror account handle it, or should I manually do something? If so, what? Oh $&^%, I better get on it.

I searched and found no advice. 'Maybe that because I should let the Mirror account handle it' ? Ok.

2) Oh %$*@^!! the negatives are getting very large, and getting close to stop out. Forex Daily Traders is having problems. Maybe I'll be faster if I contact...

3) I was told that I can ride it out --* OR *-- if I'm too concerned, I can close a few trades or add more money (?)

4) Ok, 'what to do?', umm... maybe I missed something at the site. Nope. Nothing about what to do is critical situations. I would prefer the bot determine 'this is ugly, close some trades and re-calculate', but $%^(*!!! I gotta make a choice!

5) Too late, MARGIN CALL! - - - DAMN IT!
I understand this is not 'Get Rich Quick', but I understood that this could manage this amount and break even if inch ahead?

20 years ago (wow...) I played a futuristic adventure game called '2400 AD' where your character could put their 'loot' in the Bank and choose various stocks to let it ride on. Ever since then I've had a desire to invest/trade. Disposable cash has always been the issue, but the desire burns so deep that I finally caved, and here I am.

Really can't afford the education, but I feel its worth it...

I actually really like Forex Trading (or learning to...)

Pete


this EA with small account does not work? your account (foreigncurrency) had a large DD

My previous message was in response @ craneliu where they said:

this EA with small account does not work? your account (foreigncurrency) had a large DD

   craneliu posted:
 
this EA with small account does not work? your account (foreigncurrency) had a large DD

By the way, craneliu, if you were referring to the 'other' EA, it's Russian. The entire manual is in a language that I don't speak: Russian! But I translated it and, well... Ehem, see, it was working great (as you might be able to tell) until I decided to 'optimize it' in MT4 according to the translated manual.

So much for optimization. I paused the account at a point more profitable that before I started using it though. Switching it back the the setting that was causing it to do 15-20% a day with low drawdown.

But this is the Forum for Toms EA!

Pete

Hi
Globalprofit, thanks for Your answers. Can You fix the connection betwen Your WPFX account and Myfxbook? Nu update for 17 hours, its very interesting to see how EA can handle drawdown on that account in real time.
Best wishes

'alert' seen...😉

intervention time soon, people (for those who get this).

have a restful weekend 😎

Price Reduction to 599 USD !

Hi guys found this link from the discussion in Donna Forex forum:
https://www.ros-company.net/product_detail.php/pid/24748-5/pa/TOMs--039--EA---Forex-Trading-Robot-v1-88--Most-Profitabla-EA---400--

It looks a bit dodgy, can we get some official confirmation of this price reduction ?

Thanks! 😄

It must be a pirate version, the ver now is 1.89

This is not Tomsea. Our attorneys will be reaching out to them. Thanks for notifying us. Beware of fraudulant software offerings.

By what amount are the lot sizes increased in RL 1, RlL 2, RL 3 when a 10K balance is reached? I know it starts with .01 up to 10K but what are the increases after that?

   statman posted:
   By what amount are the lot sizes increased in RL 1, RlL 2, RL 3 when a 10K balance is reached? I know it starts with .01 up to 10K but what are the increases after that?

Suppose that the balance points are even 10k so after 10K it's 0.02 / 0.04 / 0.06 for the respective RL , after 20k 0.03 / 0.06 / 0.09 and so on upwards. Hello Globalprofit is this correct?

OK, update...

Tradency closed my GBP/USD basket for a loss of approx. $1140 - this has greatly reduced the strain on my account, but unfortunately halved the profit - still it is better to be 15% ahead than 100% behind.

I have now closed EUR/GBP baskets on my manual MT4's and deleted the EA from my MT4 accounts. I think I've learned my lesson here, that this EA deserves it's place in my portfolio on low risk on a single account, and that account can be Tradency.

I will move forward with manual trading on my other accounts - quite disillusioned with the world of EA's 0 it's the loss of perspective that they afford that is my real issue. I like to be in control just about all of the time, and I don't like to take risks very often, unless they are absolutely calculated.

Anyways, good to see margin and capital back in my account, I will move forward with the EA on 3-4 pairs on RL1 and set it and forget it.

Good luck to all and profitable trading.😄

Also out of gbpusd shorts for small profit of $10, but net overall profit down by only $66 after 2 gbpusd SL's. I'm just slightly ahead of having paid for the EA now & 98.87% equity. Very slow market atm though. Still running 4 prs - 2 majors on rl 2 & other 2 rl 1. Can't work out why ea placed 0.3 lot as a first new gu sell trade with balance of 14 K & rl 2, it's only doing this on gu pair oddly enough. Same thing happened a while back on same pair with a starting lot.

Yes, I too believe RL 1
is the way to go to almost remove stress 😄
then we could spend more time on living a happy life 😎

Out of GBP/USD myself with a $.58 loss. Minor for sure but looking at the money that was risked for that has me altering the EA to RL1... just too much! I think I had a total of 2 lots locked up. NOT GOOD!!! But... the EA works. I remember back in Oct when the market was trending like this too and I was just using a demo. I hung in there to really put this to the test and sure enough it got out of it. So when it started trending this time with a sizeable account I just hung in there again. I will say that real money vs. demo money does make a difference for my own nerves, but still hung in there and got out pretty unscathed. BUT... this is a real learning lesson. Now my EUR/USD and GBP/USD pairs are at RL1. It's just peace of mind for me considering I don't have the time to always stay on top of this. Just remember... pigs get fat and hogs get slaughtered. Be safe!