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Forex Benz AUDNZ - Real Money High Risk Mode ( Start Balance 2,500) (bei Forex Benz www.forexbenz.com )

Der Benutzer hat dieses System gelöscht.

Forex Benz AUDNZ - Real Money High Risk Mode ( Start Balance 2,500) Diskussion

Jarora
Feb 27 2013 at 14:49
371 Posts
Hello,

You owners website https://www.driveexpertadvisors.com/ ?

Now you use the martingale strategy?

    23061625 2013.02.25 08:26 sell 0.01 audusd 1.02840 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -3.05 -31
    23061960 2013.02.25 08:30 sell 0.02 audusd 1.02884 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -5.22 -26
    23064480 2013.02.25 08:57 sell 0.03 audusd 1.02917 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -6.84 -23
    23069854 2013.02.25 10:06 sell 0.04 audusd 1.02999 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -5.84 -15
    23070192 2013.02.25 10:12 sell 0.07 audusd 1.03039 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -7.42 -11
    23072736 2013.02.25 10:55 sell 0.10 audusd 1.03080 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -6.50 -7
    23074538 2013.02.25 11:32 sell 0.17 audusd 1.03133 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -2.04 -1
    23074702 2013.02.25 11:36 sell 0.27 audusd 1.03181 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 9.72 4
    23076308 2013.02.25 12:11 sell 0.43 audusd 1.03234 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 38.27 9

https://www.forexpeacearmy.com/metatrader_expert_advisor/forex_benz_audusd/demo

sourav
Feb 27 2013 at 19:06
21 Posts
matingel robot..

never buy this type of ea
u can get free matingel ea at forex forum

Forex Benz www.forexbenz.com (forexbenz)
Mar 01 2013 at 17:12
31 Posts
Jarora posted:
Hello,

You owners website https://www.driveexpertadvisors.com/ ?

Now you use the martingale strategy?

    23061625 2013.02.25 08:26 sell 0.01 audusd 1.02840 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -3.05 -31
    23061960 2013.02.25 08:30 sell 0.02 audusd 1.02884 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -5.22 -26
    23064480 2013.02.25 08:57 sell 0.03 audusd 1.02917 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -6.84 -23
    23069854 2013.02.25 10:06 sell 0.04 audusd 1.02999 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -5.84 -15
    23070192 2013.02.25 10:12 sell 0.07 audusd 1.03039 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -7.42 -11
    23072736 2013.02.25 10:55 sell 0.10 audusd 1.03080 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -6.50 -7
    23074538 2013.02.25 11:32 sell 0.17 audusd 1.03133 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 -2.04 -1
    23074702 2013.02.25 11:36 sell 0.27 audusd 1.03181 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 9.72 4
    23076308 2013.02.25 12:11 sell 0.43 audusd 1.03234 1.03534 0.00000 2013.02.25 12:56 1.03145 0.00 0.00 0.00 38.27 9

https://www.forexpeacearmy.com/metatrader_expert_advisor/forex_benz_audusd/demo


No we are not the owner.

This is not a martingale strategy.

Trades increment but not doubled.

Also there is tight Stop loss in place.

Thanks

Forex Benz Team

Forex Benz www.forexbenz.com (forexbenz)
Mar 01 2013 at 17:12
31 Posts
sourav posted:
matingel robot..

never buy this type of ea
u can get free matingel ea at forex forum


This is not a Martingale EA.

Lot size increase slightly but not doubled.

Also there is tight stop loss in place, that can be evidenced from charts.

You are suggesting people to put their Hard earned for the free softwares if any available ?

A wise person who putting money prefers to buy Bugs free products that is working on live accounts.

Thanks

Forex Benz Team


willgart
Mar 18 2013 at 00:51
588 Posts
so how did you call an EA which increment the lot size and opens a lot of trades when the trend was missed?
when the number of pips is negative and the $ is positive... (your other accounts, not this particular one)
its a martingale!

its not a scalper, not a trend follower
180pips is not a tight stoploss.


but the config appear to be interesting for a martingale.
we have to wait to see how many month the account can survive.

Forex Benz www.forexbenz.com (forexbenz)
Mar 18 2013 at 06:31
31 Posts

This is not a martingale. Lot size is incremental as oppose to double in martingale and also there is stop loss, each pair the stop loss level vary.

E.g. EURUSD 30pips, hard stop loss and it change as well, in case of sharp movement in opposite direction, trades get close at stop loss to protect from large losses and stop level vary for pair to pair.

Also there are lot of others variables to protect, you need to see how old account is running and it is already running over 6 months now.

Yes, sure you can watch and see how it performs, thanks for watching.

Forex Benz Team

Jarora
Mar 18 2013 at 09:44
371 Posts
If you use LotMultiplier 1.6 and closing all trades at the same time, so is it martingale EA. I would like see 5 backtest. I think backtests are very bad.

willgart
Mar 18 2013 at 11:31
588 Posts
forexbenz posted:

This is not a martingale. Lot size is incremental as oppose to double in martingale and also there is stop loss, each pair the stop loss level vary.

E.g. EURUSD 30pips, hard stop loss and it change as well, in case of sharp movement in opposite direction, trades get close at stop loss to protect from large losses and stop level vary for pair to pair.

Also there are lot of others variables to protect, you need to see how old account is running and it is already running over 6 months now.

Yes, sure you can watch and see how it performs, thanks for watching.

Forex Benz Team


Totalgrid provides protective systems to close trades before the account is killed. he don't double, but you know what? its a martingale.
Forexenvy also is a martingale and don't double...

so how did you call your strategy?
a scalper?
a trend follower?

what's the result of your EA if you don't increase the lot size? with a risk set at 2%.

Forex Benz www.forexbenz.com (forexbenz)
Mar 21 2013 at 07:29
31 Posts

We appreciate your comments.

There is tight stop loss, see our charts curves and total grid and envy, we have frequent stop losses and we see overall, how many stop loss and how much gain and net results are positive.

https://www.myfxbook.com/members/forexbenz/forex-benz-full-edition-real/425478

This is old version and you can see new version is here

https://www.myfxbook.com/members/forexbenz/forex-benz-full-edition-real/514087

The profit parameter is coded in a manner to increase the lot size, however now we increase 1.6, however if we increase in a different rate then we could get different results.

Forex Benz Team

Forex Benz www.forexbenz.com (forexbenz)
Mar 21 2013 at 07:29
31 Posts
Jarora posted:
If you use LotMultiplier 1.6 and closing all trades at the same time, so is it martingale EA. I would like see 5 backtest. I think backtests are very bad.


You cannot properly do back test, it is our challenge, you run fwd test on demo / real on a broker from now say 1 month and then run back test after 1 month for the same period you back tested you would get different results.

Therefore do not rely on any backtest.

You have 6 month history running on real money account and that most traders look at, rather than curved back test results we see on various web sites.

https://www.myfxbook.com/members/forexbenz/forex-benz-full-edition-real/425478

uk_max
Mar 21 2013 at 14:24
85 Posts
Your Forex Benz looks identical to a Custom Set File for Forex Envy besides running on a M15 chart. Maybe I should follow to duplicate.

EP = 10 and Basket = 16 with different Lot augmenter to match yours. I already changed the M30 ( default for envy ) to M15.
😳
Cheers

traderworld
Mar 29 2013 at 16:35
16 Posts
Its look good to watch the growth chart of Forex Benz AUDNZ high risk mode. The gain is promising. I am following this EA since few days. I am impressed by the result of this EA in this year as I can see the result of this EA is improving day by day and the gain is increasing as well.

Jarora
Mar 29 2013 at 17:57
371 Posts
traderworld posted:
Its look good to watch the growth chart of Forex Benz AUDNZ high risk mode. The gain is promising. I am following this EA since few days. I am impressed by the result of this EA in this year as I can see the result of this EA is improving day by day and the gain is increasing as well.


You should also monitor other accounts. The same can happen with a real account. This loss hurts.

https://www.mt4i.com/users/bext4x-benzfull/stats
https://statements.forexpeacearmy.com/forex_benz_audusd_demo/statement_new.htm

traderworld
Mar 31 2013 at 06:19
16 Posts

Thanks Jarora

I have seen other accounts, is 18% in forex is really a concern ? I think it is standalone account, running only AUDUSD.


I see full edition is good for consistent profitability, what's your take on ?


ninafoster
Apr 05 2013 at 08:58
15 Posts
Jarora
Apr 05 2013 at 11:03
371 Posts
traderworld posted:

Thanks Jarora

I have seen other accounts, is 18% in forex is really a concern ? I think it is standalone account, running only AUDUSD.


I see full edition is good for consistent profitability, what's your take on ?



If you want to sleep well so be sure to not buy a robot that uses the martingale strategy. I've seen many accounts using the martingale account blow after 1 year. It's not funny.

willgart
Apr 05 2013 at 12:14
588 Posts
https://www.mt4i.com/users/forex-benz-full
big profits... but everything lost.

at least no margin call suffered. the way this EA works, its harder to get a margin call I think. but big losses for sure.

Jarora
Apr 05 2013 at 12:53
371 Posts
willgart posted:
https://www.mt4i.com/users/forex-benz-full
big profits... but everything lost.

at least no margin call suffered. the way this EA works, its harder to get a margin call I think. but big losses for sure.


True true willgart.

Aplmustdie
Jul 01 2013 at 15:05
305 Posts
Jarora posted:
willgart posted:
https://www.mt4i.com/users/forex-benz-full
big profits... but everything lost.

at least no margin call suffered. the way this EA works, its harder to get a margin call I think. but big losses for sure.


True true willgart.


Have you looked at the risk? Where is a 59% probability of 100% loss acceptable?

uk_max
Aug 25 2013 at 04:54
85 Posts
@forexbenz

How do you like profiforex in terms of Cent Account. I'm looking for a cent broker with less restrictions than exness. exness has limits on net lots and Max lot size. What is execution and spreads like?

Thanks

Max

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