FXCharger Discussion

i wonder how this account survived this long despite the high risk, very high risk

successwill posted:
i wonder how this account survived this long despite the high risk, very high risk

-------------------
You can vary the risk to whatever you want

Just to add I have only been running this for a week on a demo account risking 35%

Nothing out of turn as yet seems to behaving itself

Running in partnership a Blessings set file

Anyone using this robot can tell us his opinion?

userpro1 posted:

successwill posted:
i wonder how this account survived this long despite the high risk, very high risk

-------------------
You can vary the risk to whatever you want

Just to add I have only been running this for a week on a demo account risking 35%

Nothing out of turn as yet seems to behaving itself

Running in partnership a Blessings set file

Are you not using the default settings?

It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

successwill posted:

userpro1 posted:

successwill posted:
i wonder how this account survived this long despite the high risk, very high risk

-------------------
You can vary the risk to whatever you want

Just to add I have only been running this for a week on a demo account risking 35%

Nothing out of turn as yet seems to behaving itself

Running in partnership a Blessings set file

Are you not using the default settings?

--------------------------------------------------------------------------
I did only changed the lot size....still backtesting

seems like the last eurusd trade in history has been closed manually? Any reason for that?

Still no feedback from real people using this EA. Please if you have tested it give us your opinion. Thank you.

How u know the last trade is closed manually?

Hi everyone and we are hope you had good holidays! Yes, last trades at 2016 year was closed manually and EA was stopped because of holidays period. Previously was made an announcement on the website about that.

There is one thing, which is irritating:

In your backtests you use a fixed time for opening the first orders based on GMT settings. But a 5 year backtest can not consider the yearly switch between summer- and winter time. So is the backtest based on pure luck, as it uses different entry points during summer and winter time?

Hi,
I bought this ea and unfortunately I am deceived because the ea is marginal and work if the market is in range so this ea is very risky.
Farid

Many seniors members have warned readers that it was a MARTINGALE!

I am just curious: Why have you bought it then...? 🙄

Hi
Show me what you tell

fmlbfx2010 posted:
Hi
Show me what you tell

Please read ALL the posts from Page #1.

Just for example Post #3 on page #1 from @upandgo who wrote:

''Extremely dangerous Martingale !
Opens 9.6 lots to recover initial 0.15 lot..
Just a matter of time to crash.''

Or you can read the post of @togr on Page #3 who wrote:

''It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...''

And it goes on and on and on... In other words: Many people have pointed out how dangerous this EA was before you purchased it.

I got my 31 Vouches on MyFxBook for pointing out dangerous and outright scam strategies over the years and there are many other members who have been doing just the same, but apparently we cannot save everybody from spending money on useless and doomed EAs...

Its true i bought it and wish i had not- manage your own money or copy traders EAs do not work its a myth

userpro1 posted:
Its true i bought it and wish i had not- manage your own money or copy traders EAs do not work its a myth

Thanks for the heads up from your feedback seems like the same forex-incontrol developers which now has vanished from myfxbook

fxcharger posted:

RedRhinoFX posted:

fxcharger posted:

upandgo posted:
Extremely dangerous Martingale !
Opens 9.6 lots to recover initial 0.15 lot..
Just a matter of time to crash

That is why FXCharger come with risk controlling. The StopLoss is calculated accordingly to the risks that you specified in settings. For example if you specify 20% risk, EA will calculate initial lotsize and put the StopLoss on the price, which will not allow you to lose more than you set in EA.

What risk setting do you use? Is this MAX? Is this trend follow or means reversion?

On this account we use max risk to show the potential of the system. First trade looking for trend, all other wait for reversion. All trades have smart TakeProfit and StopLoss, to have possibility
You determine the size of the risk can be set
to close trades in profit and good period of time

You determine the size of the risk can be set