FxPapa Expert Advisor (de FxPapa)
El usuario ha borrado este sistema.
Discusión FxPapa Expert Advisor
Miembro desde Jan 10, 2011
posts 60
Feb 08, 2012 at 13:21
Alec posted:
Bob, sorry to know your SL was hit. Meanwhile, Roger and the vendor are still without loss, as am I for I didn't get the bad trades. My FxPapa only started yesterday.
So, what now?
We knew this could happen. The signals should keep coming so some can recover from loss and others may profit. Business as usual.
I see no reason for FxPapa not to show up here. Though it seems strange their account didn't get the 30% loss. They're now at 18% drawdown. Are you sure they were over the 30%, maestro?
99% certain, the 1% is because I don't use the same broker.
However two of my brokers show that Pepperstone 1.59277 and Alpari 1.59281 was hit.. I gave his broker the benefit of 3 pips in my calculation and used 1.59250 as the high point in calculating the difference.
As it is GBP is climbing again so maybe we will get to see again if the loss is activated. Maybe it needs to close above 30% equity.
forex_trader_13916
Miembro desde Jun 19, 2010
posts 6
Feb 08, 2012 at 13:23
If you compare my account to the vendors it shows the third trade was taken 89 minutes later by the vendor. How did I get the signall 89 minutes before it was sent? Just lucky I guess.
Feb 08, 2012 at 13:36
I think the additional Trades are calculated AND taken by the EA on our MT4 Installation.
ONLY the first Trade was send from the vendor.
On my Account, the Trade from Yesterday was closed in Profit 10 Pips. But i ran it on an ECN Account with Commision. The Spread was between 0.0 and 0.5 Pips.
After the First Trade, the Client handle the Trades, you can close, hedge or whatever by yourself. Also you can set your own SL by an Trademanager of your choice.
If i was the vendor, i wait until the trade Seqence is close and submit my Statement to this 'BAD' Trade.
ONLY the first Trade was send from the vendor.
On my Account, the Trade from Yesterday was closed in Profit 10 Pips. But i ran it on an ECN Account with Commision. The Spread was between 0.0 and 0.5 Pips.
After the First Trade, the Client handle the Trades, you can close, hedge or whatever by yourself. Also you can set your own SL by an Trademanager of your choice.
If i was the vendor, i wait until the trade Seqence is close and submit my Statement to this 'BAD' Trade.
Stay in Business
forex_trader_13916
Miembro desde Jun 19, 2010
posts 6
Feb 08, 2012 at 14:45
I just checked my VPS - had Papa running on Demo IBFX - it hit stop as well.
Feb 08, 2012 at 14:53
i sure feel like having been lied to by the vendor, his stoploss has been exceeded and obviously it did not close out. so he must run no stoploss and just pray the account does not get wiped out.
ah the wonderfull world of forex...................
fidelitasllc@
forex_trader_13916
Miembro desde Jun 19, 2010
posts 6
Feb 08, 2012 at 15:23
This one was at 20% equity stop loss. https://www.myfxbook.com/members/BobMurray/fxpapa-ibfx-demo/242698
Feb 08, 2012 at 16:29
I manually closed that GU sell trade on my live account for -14.1 pips. It looks like it would have went into positive territory if I would have left it alone, but I was nervous that it might reverse on me. I was just happy to get out with that small of a loss after being down about -130 pips earlier! 😲
Anyway, I'm requesting a refund. I'll let you all know how it goes. But I also feel like we have been lied to. I didn't even know that FxPapa was a signal service until after I bought it, because it is advertised as an 'Expert Advisor' on the website. I also don't like how the 'live test' account isn't closing the trades at 15% or 20% DD (wichever is correct) as it has been explained to us here. That is simply dishonest and designed to mislead potential customers... 😡
Anyway, I'm requesting a refund. I'll let you all know how it goes. But I also feel like we have been lied to. I didn't even know that FxPapa was a signal service until after I bought it, because it is advertised as an 'Expert Advisor' on the website. I also don't like how the 'live test' account isn't closing the trades at 15% or 20% DD (wichever is correct) as it has been explained to us here. That is simply dishonest and designed to mislead potential customers... 😡
Feb 08, 2012 at 17:44
donald99b posted:
I think the additional Trades are calculated AND taken by the EA on our MT4 Installation.
ONLY the first Trade was send from the vendor.
On my Account, the Trade from Yesterday was closed in Profit 10 Pips. But i ran it on an ECN Account with Commision. The Spread was between 0.0 and 0.5 Pips.
After the First Trade, the Client handle the Trades, you can close, hedge or whatever by yourself. Also you can set your own SL by an Trademanager of your choice.
If i was the vendor, i wait until the trade Seqence is close and submit my Statement to this 'BAD' Trade.
You may be right, there.
I also had only one trade with 10 pips profit. No ECN account, but the trade was entered much later, immediately after I installed the EA, around 12-noon yesterday. So there was no need to do that multi level thing to try to save the trade.
I'll wait for news from Roger, now. And see if they send more signals... I only got one signal for 399.
Feb 08, 2012 at 18:25
Alec posted:
Anyway, the equity fall is not showing on the chart. So it's like it never happened! Not good
yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.
but what really matters how low the equity was from the all time high, thats what i consider the real drawdown. i will send them a mail maybe a future improvement to their site.
fidelitasllc@
Feb 08, 2012 at 18:40
reinerh posted:
Alec posted:
Anyway, the equity fall is not showing on the chart. So it's like it never happened! Not good
yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.
but what really matters how low the equity was from the all time high, thats what i consider the real drawdown. i will send them a mail maybe a future improvement to their site.
Yes, that would be better.
Meanwhile, the FxPapa people may be waiting for everyone to have their 3 trades closed before they send the next signal. So there are no violations of the max 3 simultaneous trades rule.
Feb 08, 2012 at 18:50
(editado Feb 08, 2012 at 18:53)
reinerh posted:
yes myfxbooks drawdown feature sucks, it only shows dd in closed negative trades.
And yet, open drawdown is just as important as closed DD. Equity curve versus balance or profit curve. Floating (open) DD is what can blow an account.
Feb 09, 2012 at 12:27
I requested a refund, due to the fact that FxPapa is advertised as an 'Expert Advisor,' when it is acutally a signal service. And also because of the dishonest claim of the 15% 'equity loss' feature on the vendor's live test, which is actually much higher than that and makes its performance look much better than it should. But my request for a refund was denied by the vendor. So be aware of that before you decide to purchase it. I will now escalate a dispute with PayPal and go from there...
