Dragon Expert v3.2 EU UJ EJ -Blown (by RedRhinoFX) Estadísticas rápidas
El usuario ha borrado este sistema.
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Dragon Expert v3.2 EU UJ EJ -Blown Discusión
RedRhinoFX

Miembro desde Nov 09, 2013  395 mensajes Frank (RedRhinoFX) Jan 19 2017 at 08:29
Profit come in slowly then disappears quickly with this no brain martingale grid system. Be advised. Don't use on real money.

USDJPY killed account within a few hours.


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compuforexpamm

Miembro desde Aug 20, 2009  240 mensajes kennyhubbard (compuforexpamm) Jan 19 2017 at 09:15
Frank,

Appreciate your sentiment but just to put forward a balanced view, the developer does say to avoid red news. One look at a fx calendar yesterday would have told you all you need to know......same with Trumps first news conference last week. Try the demo again using your discretion on when to trade and when to stay out.......

Wealth Creation Through Technology
RedRhinoFX

Miembro desde Nov 09, 2013  395 mensajes Frank (RedRhinoFX) Jan 19 2017 at 11:01
Hi Kenny,

I understand what you mean but automation is automation and discretion is discretion. This is by far the worst martingale grid system I've seen in a long time, dating back to the original bunny EA. Even the Ilan versions at least have an rsi indicator. This EA has no logic and dies in every backtest. If the developer thinks turning the bot on and off when news is on the calendar, then automated it with a Econ News Filter.

I have started another demo test with Asian only time zone with 10k deposit on 0.01 lot ( double of what is recommended). However, any swift move in Asia will toast the demo account because this system has no brains.

I also realized the https://www.forexfactory.com/dragonexpert developer has no skin in the game with NewForex $50 free bonus that he use for his Cent Accounts. No skin in the game, runs the get rich quick system and wants $200 for the EA.

https://www.myfxbook.com/members/dragonEA/dragon-expert-eurusd-usdjpy-eurjpy/1917582
https://www.myfxbook.com/members/dragonEA/dragon-expert-usdchf-eurchf-eurgbp/1917585
Its not the first attempt either
https://www.forexfactory.com/showthread.php?t=581649

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aeronthomas

Miembro desde Dec 04, 2010  1553 mensajes Ozzie Matt (aeronthomas) Jan 19 2017 at 12:23
RedRhinoFX posted:
Hi Kenny,

I understand what you mean but automation is automation and discretion is discretion. This is by far the worst martingale grid system I've seen in a long time, dating back to the original bunny EA. Even the Ilan versions at least have an rsi indicator. This EA has no logic and dies in every backtest. If the developer thinks turning the bot on and off when news is on the calendar, then automated it with a Econ News Filter.

I have started another demo test with Asian only time zone with 10k deposit on 0.01 lot ( double of what is recommended). However, any swift move in Asia will toast the demo account because this system has no brains.

I also realized the https://www.forexfactory.com/dragonexpert developer has no skin in the game with NewForex $50 free bonus that he use for his Cent Accounts. No skin in the game, runs the get rich quick system and wants $200 for the EA.

https://www.myfxbook.com/members/dragonEA/dragon-expert-eurusd-usdjpy-eurjpy/1917582
https://www.myfxbook.com/members/dragonEA/dragon-expert-usdchf-eurchf-eurgbp/1917585
Its not the first attempt either
https://www.forexfactory.com/showthread.php?t=581649
thanks for exposing this dangerous martingale system. There seems to be a big proliferation of those $50 cent accounts at new forex posing as $5,000 account on signal start providers I noticed too...

kasparov

Miembro desde Dec 25, 2016  7 mensajes kasparov Jan 20 2017 at 08:30
I already have warned people about this dangerous pure martingale system, but the broker who posted this thread has removed my comments. This typically is a system that dirty brokers post on this forum.
It generates a lot of trades and when the account is about to be killed, brokers can trade against your account and get huge profits.

johntrung

Miembro desde Sep 29, 2012  494 mensajes johntrung Jan 20 2017 at 11:16
The EA owner is so hard headed, he has burned at least 4 accountsbof his own using the same martingale strategies and he still tries to get IB commission by offering this EA for free to those who sign up under him

There will always some good opportunities , just don't give up
RedRhinoFX

Miembro desde Nov 09, 2013  395 mensajes Frank (RedRhinoFX) Jan 20 2017 at 12:12
NewForex IB department contacted me. I ask one simple question, 'Are you ECN or Market Maker', Their response was 'Market Maker'. It would make perfect reason for a market maker broker to promote pure martingale system and trade against their customers.

@kasparov I don't know if it is the brokers who promote this system or inexperienced traders. Either way, yes it is a dirty trick to churn volume and kill accounts.

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Baker Hughes US Oil Rig Count (3h 44min)
GBP/USD spikes to fresh session tops, 1....(10 min ago)
EURUSD 1.17107 GBPUSD 1.30966
USDJPY 111.833 USDCAD 1.31358

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