crescendo Discussion

nhtngn85 posted:
    Steve Lol. Will u do some math or read some more books be4 u say something out. Lol. Read all ur comments make me laugh so hard.

I'm glad I'm entertaining you.
I was running a grid martingale during the greek banking crisis and EurUsd ( and to a lesser degree UsdChf as the swiss were keeping the swiss bank pegged to the Euro ) were the main pairs affected. Yes GbpUsd also dropped but it also retraced at some points, because it isn't correlated 100% to EurUsd. This allowed GbpUsd to get out of positions and maintain equity, at least for that pair. The other two mentioned crashed the account.

If crescendo is clever enough that it always ends up in the right direction of a massive drop then that's great. My feelings are that it might not always be positioned in the right direction as nobody can predict which direction a black swan event is going to take a currency.

stevetrade posted:
    

nhtngn85 posted:
    Steve Lol. Will u do some math or read some more books be4 u say something out. Lol. Read all ur comments make me laugh so hard.

I'm glad I'm entertaining you.
I was running a grid martingale during the greek banking crisis and EurUsd ( and to a lesser degree UsdChf as the swiss were keeping the swiss bank pegged to the Euro ) were the main pairs affected. Yes GbpUsd also dropped but it also retraced at some points, because it isn't correlated 100% to EurUsd. This allowed GbpUsd to get out of positions and maintain equity, at least for that pair. The other two mentioned crashed the account.

If crescendo is clever enough that it always ends up in the right direction of a massive drop then that's great. My feelings are that it might not always be positioned in the right direction as nobody can predict which direction a black swan event is going to take a currency.

Hi Steve

Sorry to hear that the Greek Financial crisis crashed your account

I think it's fair to say that there are not many systems out there than can predict a 'Black Swan' event and if there were they would probably cost a lot more than the cost of Crescendo!

The thing I like about Crescendo is that I can control how much of my account I am prepared to lose in the event of a big swing in the oposite direction, whilst allowing me to trade 'relatively' safely without disclosing any Stops to my broker.

At least the evidence for this system seems genuine and is not based on manipulated figures, like a lot of the other crap being promoted at the moment. I am happy just to let it run and see what happens 😄

Cheers

Graham

PS. I think your comments are acurate and constructive 😉

Well, i been manual trading for five years now. i trade with pitchfork and action and reaction line techniques ( i called it equilibrium trading ), well its making money because i spent a lot of money to get mentor etc.. This is my first time i trade EA so im still scare so i have to manage it often. Its like im building a trust in a system (ea he wrote with algorithm i dont know the formula yet but i think i might know what its ) Well basically when i trade i want to know how much i will lose in the worst case, and this EA proved to me that its profit because im up 10.4% right now 19 trades 17 won and 2 losses. which is much better than im expect. Because u see im monitor it so i know when i will cut the loser. So the point is you have to trust (so time im like wtf is it doing because it trade against my analysis) but it turned out profit. Risk money to make money that how business is. So a lot of people out there saying im knowing the market and EA is crap or etc. i lets it up to u decide.

I agree with Steve, this system is an accident waiting to happen. The performance is not as advertised: it definately is a martingale type methodology and uses way too much leverage and carries too much draw-down.

Martingale adds on all opened lots so it's not a pure martingale, at least.

GJ has been moving down for ages now and as it stands ATM it needs to get up about 300(very rough estimate) pips for this system to BE or to get to the $40 profit. Such a spike(actually a lot larger spike) upwards was just before the first opened sell position open at the moment.

DD is getting close to that 30% max so it will be interesting to see if it can slip by it...

Seems that the EA passed the 30% DD test.

Are there anyone else who tried this system and willing to showcase his/her results?

Hm, what a nice little EA. Not one of those quick scalpers that score an average 3 pips in less than 5 seconds. On demo of course.
The developer has the gift of the gab - sure entertaining. And the support he's offering - email, phone, skype, what else do you need.
Everything open, history, trades.
No tales, no bullshit - just facts. And money back guarantee. Looks REAL.

Hello,

What version of Crescendo are you running on this account?

Thanks.

Mike

I have been running crescendo on my live account to supplement my live trades, which up until recently had been suffering. Crescendo is actually out trading me on the live account. I was using 1.3 and it did perform well daily. However on my $100 demo (I wanted to see if I could handle drawdown), it hit a 30% crash.....on my live, I am stilll running it no problem. However since upgrading to 1.4, there are much noticeable less trades. Typically I was making $8 daily on 1.3 using the most minimal settings using .01 lots.

This bot however is good at what it does. Compared to Million Dollar Bot and Forex Morning Trade which I also use, this beats them hands down...combined.

Version 1.4 has trend protection in it that if you have an open trade (He recommends .01 lots for every $1000 in the account (which is conservative but a good recommendation) such that if a trade goes against you, the bot doesn't add to the position until it recognizes the trend is back in your original direction of the 1st trade.....it also has features of martingale IF you want to use it, it is an option. There are also several methods of martingale that you can use if you so decide to chose to use it.

I think this bot is well designed and for the money is worth it. On average, if you use the minimal settings, you're looking to make 5 - 15% realistically monthly.....that's using V1.3..on V1.4, the trades are less frequent. Still toying with it.

Shoot me an email if you have questions. I'm happy to answer if I have [email protected]