PowerFlow EA (2nd acc) (by Forex21) Quick Stats
Gain: +435.31%
Drawdown: 35.26%
Pips: -8759.7
Trades: 4074
Won:
Lost:
Type: Real
Leverage: 1:1000
Trading: Automated

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PowerFlow EA (2nd acc) Discussion
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Forex21

Member Since Jan 16, 2014  414 posts Forex21 Aug 25 2014 at 13:10
More information about our new EA can be viewed on our homepage: https://www.forex21.com/powerflow-forex-expert-advisor

way2fx

Member Since Oct 17, 2012  8 posts way2fx Aug 25 2014 at 18:20
now u are prouding for junk ,which is free on all forex forms ,o man its pure bullshit
ur all rabbit jumps from kinetics to profx now poweflow margneal ea ,u must feel some shame selling ur crap stuff in fx mkt

eogorfx

Member Since May 08, 2013  11 posts eogorfx Aug 26 2014 at 11:19
Dear Forex 21
Can you explain how you control the risk with this MG system which might make it safe to use?
You also say you will refund if buyer is not happy with the performance? Is there a time limit on the refund as I cannot see it on your web site?

Forex21

Member Since Jan 16, 2014  414 posts Forex21 Aug 26 2014 at 11:31
@eogorfx

The risks are controlled by reasonable lot increasing and distances between the orders, and possibility to hedge the positions.

All 6-year tests confirm the stability of the concept behind the EA, plus we have been running the system for more than a year on live accounts, and we didn't have any major issues during this period.

As for the refund guarantee, it is not based on the performance. All purchases are protected with time limited money back guarantee, more info can be viewed here: https://www.forex21.com/terms-and-conditions

eogorfx

Member Since May 08, 2013  11 posts eogorfx Aug 27 2014 at 06:40
Massive exposure here - just as well it is a cent account!


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Forex21

Member Since Jan 16, 2014  414 posts Forex21 Aug 27 2014 at 07:01
Hello egorfx, the risk exposure of this basket was less than 4 or 5% percent. Personally I would not call it 'massive exposure'. Anyway, it all depends of the personal definition of acceptable risk.

Regards, Alexander

FxPhil

Member Since Oct 17, 2013  88 posts FxPhil Aug 27 2014 at 08:59
Hi Alexander,

From looking at the trade history, TP of 60 pips and spacing of 30 pips is very Envy like basket building tech. Also see baskets being built on both Buy and Sell side. Correct?

What is the investment gearing (min investment required to support a maxed out basket) related to leverage, number of pairs traded and starting lot size?

Does the EA support compounding / increasing the lot size as the balance grows? If so does an increased balance only effect the lot size of the level 1 trade or does it allow larger lot sizes of new trades added to already built baskets?

How does the Hedging work? At what level of basket growth does it kick in? It is automatic to open and close hedge or manual like Envy is how doing?

What happens when a basket is maxed out?

Can each pair be assigned a set % of the balance such that if one pair maxes out a basket and dies, it will not MC the entire account?

Will you post the manual?

Regards,
Phil

Forex21

Member Since Jan 16, 2014  414 posts Forex21 Aug 27 2014 at 09:45
Hello FxPhil, thank you for your interest. To your questions:

FxPhil posted:
From looking at the trade history, TP of 60 pips and spacing of 30 pips is very Envy like basket building tech. Also see baskets being built on both Buy and Sell side. Correct?



TP levels are fixed values but can be different for every level. Spacing between levels depends on the market conditions. As example: The EA will open a new buy position when the price is oversold. We found that it helps to keep draw downs low and helps to archive a smooth equity curve.

FxPhil posted:
What is the investment gearing (min investment required to support a maxed out basket) related to leverage, number of pairs traded and starting lot size?


It depends very much of the start lots and the maximum number of levels. With small start lots, 75-100$ per currency pair/instance is enough.

FxPhil posted:
Does the EA support compounding / increasing the lot size as the balance grows? If so does an increased balance only effect the lot size of the level 1 trade or does it allow larger lot sizes of new trades added to already built baskets?


No, the actual version does not support compounding.

FxPhil posted:
How does the Hedging work? At what level of basket growth does it kick in? It is automatic to open and close hedge or manual like Envy is how doing?


Hedging values can be set to different values for each level. Also the start level is adjustable. When the hedge feature is enabled (optional), hedge positions will be automatically placed by the EA.

FxPhil posted:
What happens when a basket is maxed out?


If a SL is set for the last level the basket will be closed by SL. If no SL value is set the basket will be kept open until the user closes the basket manually or in the worst case the basket will be closed by the broker. (Margin Call)

FxPhil posted:
Can each pair be assigned a set % of the balance such that if one pair maxes out a basket and dies, it will not MC the entire account?


It's not supported by the settings but it is something what can be done manually.
 
FxPhil posted:
Will you post the manual?


No, sorry. The manual includes very detailed description about all parameters and how all functions and features work together. To make sure (or at least decrease the chance) that another developer reverse engineer the system, the manual is only available for clients.

Regards, Alex

FxPhil

Member Since Oct 17, 2013  88 posts FxPhil Aug 28 2014 at 06:24
Hi Alex,

Thanks for the reply and answers.

Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?

Is there an option to use SLs when a trade is opened?

For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?

Regards,
Phil

Forex21

Member Since Jan 16, 2014  414 posts Forex21 Aug 28 2014 at 14:40
FxPhil posted:
Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?


The hedge trade will be managed by the EA and closed together with the basket.

FxPhil posted:
Is there an option to use SLs when a trade is opened?


Yes.

FxPhil posted:
For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?


The EA does not use a fixed value for spacing. New trades will be placed within a predefined range when the price is oversold (buy) or overbought (sell). With start lots of 0.01, the total DD should be not greater than 20%.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.