Forex Envy v3.2 Ultra/Power Diskussion

Rickyv101 posted:
I am user of Forex Envy from July, It was bad timing, my account was slightly underfund, It blew up while other user no problem.

I was lucky that my account passed Sept/16 bad market, Why? My account have 50% more fund than requirement, it passed Sept/16 with high DD.

Hi YoungChang, You meantioned that you had 7.5K with 5 pairs with 0.01 lots, I might be wrong that you was underfund like me, I had 13K in account /0.01 lots and it blew up while other account with 18K passed, I blew 2 accounts because underfund problem.

I must say that Forex envy is a danger EA with high return, If there are other better EA with good return and safer, Please let me know, I tried other EA too, They are either low return or more risky than Forex Envy.

Regarding complaint on negative basket, I think that it might be broker problem, If you have this problem, try other broker.

I am still using ver 3, It have been very profitable after Sept/16 with low DD, Amazing to me.

I am happy that Ver 3.2 here, I am sure that there are some improvement there.

You are right in everything. Most of it is sad that Forex Envy used Cents accounts. Their loss account 84.973,- : 100 = 849.73,- USD to have for 3 license returned. Super strategy Forex Envy. For cent accounts should also me sleep well. Loss account would not mind.

WOW the Equity is almost double the balance! I've NEVER seen an EA do THAT before! And the balance is up over 300% already!
I think it's ready for the EA competion! But as good as this is I know it can be even better It's just a matter of fine tuneing..

The Ultra strategy uses forex Envy's version of gorilla tactics. We get into the market when it is sideways, and get out before major news moves the market outside of its range. This strategy should not be used with more than 15% of your trading capital in my opinion.

One thing I am concerned about regarding the Ultra project is someone placing a large percentage of their investment capital while running Ultra Mode and blowing their account. We are currently working out the settings and creating a special users manual for Ultra so this strategy can be utilized properly.

Regards,

Team Envy

The results are so far so good.😉

<a href='https://www.myfxbook.com/members/optik/env3x/376922'><img border='0' src='https://widgets.myfxbook.com/widget?id=376922&type=2&color=red'/></a>


But I feel that it is somewhat unsatisfactory for power 3.2.
Support guy said about 3.2, '40% safety and 15% less profitable compares with 3.0'

Hum...
Back to 3.0 with fine tuning is the way to ....
It's difficult matter for me.
 
 

ForexEnvy, is that account a cent account? So the $2,000 is, in fact, $20?

Thanks.

And what settings for $2,000 account? Do you have those settings in the manual? Thanks again!

I am newbie and do not know Forex very much, I know that I have to keep on learning.

I am wondering than power 3.2 that How many level it has? Still 15 or 16?

I am using power 3 and thinking to upgrade to Power 3.2 and hoping that it has level 16.

I saw that Power 3.2 account blew up with short cycle USDCAD crisis, and all money gone.

I was very lucky that my power 3 ( 3 accounts but only 2 had USDCAD crisis) all pass recently short cycle USDCAD crisis with small profits, it will become 4 accounts in few days because smaller accounts seem safer than one big account.

I looked at other skillful Envy user here in this forum's Myfxbook history, He was smart with this USDCAD crisis, He closed the 2 top level trades at lost with 33% lost then Power 3.x had room for 2 more level and it made 20% profits, His account ended up with 13% lost instead margin call and all money gone.

I was margin call twice and all my money was gone, If I knew this trick, I would lost portion of my money not all.














 

Breaking your accounts into smaller accounts increases your profits AND risk. Larger accounts have a lower ROI but have less drawdown. The only way to increase profits and lower risk at the same time is to trade with the market and I don't know of any EA that does that. I can't for the life of me figure out why all these brilliant minds can't see that.

tneedham posted:
 with the market

please PM me with your definition of 'With the Market' and I'll code it into one of the variable logics in Forex Identity. We then can have the option to use the logic with dynamic TP settings and then choose to use the Dynamic Grid to average In if we like.

Hi tnedham:

What you are saying is right for general EA, I would like to explain little bit more detail.

I am very new, I have been testing Forex Envy for couple months, I blew up my big accounts few times but at the same time, Forex Envy's showcase big accounts did not blew up.

I spread my live big accounts to small accounts, I find that it produces same return but lower risk because, When crisis came, It didn't happen to all accounts, also some brokers are more friednly to Forex Envy, by filtering those high DD broker, my small accounts seem slightly safer and it passed few crisis recently while I checked on Myfxbook, some live users suffer with crisis.

I am not coder, I must agree with you that better method in EA is the best for higher ROI and lower drawdown, and it is what we are looking for and hope that Forex Envy can hear us and improve their products for high ROI and lower drawdown

I have only 2 words for this: wow.

Ultra Mode definitely has a 'wow' factor, but keep in mind it is a high risk strategy the MUST be used in conjunction with proper money management. Withdraws several times a week will probably be necessary when using Ultra Mode. We also do not recommend anyone use Ultra with more than 15% of their entire investment capital because this mode is so aggressive and caries such a high level of risk.

Ultra will be included in Forex Envy version 3.3 which will be released in November, 2012.

Regards,

Team Envy

Thanks Robert for excellent show, really impressive!

Hi Robert and TeamEnvy ... , for some reason MFXbook results are not published anymore ... you can PM me if it is top secret .. ,
;-)) , I think you blown the LP and now fighting to get your money from the broker .. and take some vacations abroad.

Already eated the nails of all my fingers ... waiting for 3.3.

I've lost 1100usd on their pamm account , in less than two months. Didnt have time to withdraw any profit ! Be careful and keep ur money in your pockets newbies. There are loads of free alternatives and safer. Like totalgrid.it and FGT. Didnt try this envy alternative from pipinvestment yet.

RhMJ, my firend, TotalGrid busted my account in the same black Friday Envy PAMM busted. Unless a new more secure version of Total Grid came out that I´m not aware of. Since that time in September, I´ve never used Total Grid again.

Cheers

I'm sorry to hear about your loss RHMJ. We have created a new PAMM with a zero performance fee to try and recoup some of the losses our PAMM members experienced. We started the account with $57,000 of our own money.

With Ultra we recommend using no more than 15% of your investment capital so no matter what happens in the market you will never lose more than 15% even if you do not have a chance to withdraw any profits.

Regards,

Robert

Robert!!!!

You gave so much damage to myfxbook and Forexpeace members. As I mentioned before You made good money for selling your crab funk EA. My money (a couple hundred $) is included in it.
You did not refund it to me, you said it passed 30 days.

Now you are trying to recruit another members in this forum?
If it is that much good EA, You can be Millionaire pretty soon, I am so curious How much money do you need more?

If you need too much more, Please get a loan from the BANK OK?
It is my a penny advice!!!!!
Good Luck.

Our refund policy is for 30 days. I am sorry if you experienced a loss after your first month of profits. I do believe in my system. Why else would I place $58,000 into our PAMM? Because I don't trust my system?

Forex in general is high risk. Our system has good returns, but like any other EA on the market it has risks.

Robert