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PowerFlow EA (3rd acc) (By Forex21 )

El usuario ha hecho su estrategia privada.

Discusión

Forex21
Apr 25 2015 at 05:48
416 mensajes
@DDRCapital

I am very sorry to hear that but PowerFlow can only 'blow up' your account when you use it with disabled the max draw down feature or set it to 100%. Some users do that to make more profit during calm market conditions but it is of course very risky to use the EA this way. That's why we always recommend to set a max loss limit. This limit should be equal with the amount (in percent) you are willing to loose when something unexpected is going to happen.

If you would like to request a refund, please contact our support desk at any time.

Regards, Alexander

Remind_later
Apr 27 2015 at 08:49
24 mensajes
No problems on my account. PowerFlow keeps doing it's thing with growing success. I think it is really really essential to keep the risk low. Sure, this means that you will be not 'rich' overnight but for me consistent gains are more important.

Keep up the good work Forex21!

ForexRock
Apr 27 2015 at 12:56
13 mensajes
I used the lower possible risk to run the EA, this time i was so near to lose a lot of money. Math is not opinion, you need at least 3000 euro balance to stay safe enough untill the 15 level, with a 0.01 as starting lot size. Then you need a bigger account if 15 levels are not enough to get a nice retracement and close the basket. I don't say the EA is not good, i think it's the best of its kind, but for me it's too dangerous to risk at every trade almost my entire account just to get so small profit. In one month i got 100 euro (more or less) but as i said for every trade i'm risking 600 €, so the day it will happen i will need 6 months just to recover. I repeat, this EA is great but no more with small account. The vendor got it right using a 30k $ account on just one pair. That's the way to stay safe and make profits. This is just my opinion.

timjaeger
Apr 27 2015 at 13:02
7 mensajes
@Remind_later that's great for you but I have a massive equity drain going on right now on my account (demo - https://www.myfxbook.com/members/timjaeger/powerflow-ea-low-risk/1189615) and I am also on the low risk setting.

markdoc1
Apr 29 2015 at 06:47
51 mensajes
just looking to give a bit of advice guys I am not connected in any way to him (he can be awkward to get a hold of although his record and personal statements are good) but if you have not came across him already look out for Candle Light on MQL5 the guy is a beast lost 3 trades in nearly 400 and has made 31k in the last 22 weeks with 1.0 lot and max equity drawdown of -2.4k.

If you want more info or happen to jump onboard pm me and we can share results.

It's nice to be nice, have a nice day!

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffet
Forex21
Apr 29 2015 at 07:10
416 mensajes
@ForexRock
The main is to keep the risk under control. Going for 'as high as possible profits' may work well as long the market is calm but will lead to a high DD during strong directional movements.

@timjaeger
You can use the EA with low deposits. If you do so, I would recommend to use a mini, micro or cent account. Plus, if you have the possibility I would recommend to use an account with higher leverage than 1:50.

@Remind_later
Yes, it is. Great to hear that you are doing well with PowerFlow. 😄


Irishmist
Apr 30 2015 at 06:42
136 mensajes
shame finfx account blew up? https://www.myfxbook.com/members/Forex21/powerflow-ea-finfx-wwwforex21com/1077152

got caught last august in the audnzd from 1.08 to 1.13 but only had 5 levels and managed to survive. think you better space the steps out on the grid allowing for 500 pip moves without a significant retracement on this pair

Remind_later
Apr 30 2015 at 07:47
24 mensajes
As I mentioned earlier, no problems on my accounts. I am actually surprised how many use PowerFlow with too high risk and then look with big eyes when there accounts run in troubles.

@Irishmist
1.13 lots on the fifth level means that you TOTALLY over trade your account. If I where you I would decrease the risk immediately. Otherwise you might make some high profits in the short run but in the long run trading will be stopped on your account because of the DD limitation.

ForexRock
Apr 30 2015 at 09:56
13 mensajes
@Remind_later how much do you have on your account?

Remind_later
May 29 2015 at 20:02
24 mensajes
ForexRock posted:
@Remind_later how much do you have on your account?


I shared my trading capital on different accounts/brokers. 1 standard account with 18k .... 29% up since January 2015; 1 mini account with 3.2k .....12% since February 2015 and three cent accounts with 3k (all together) ......they are almost 100% up.

As it's 'just' an EA I do check volatility levels once a week and adjust the risk accordingly. Example: Vola is going up > I reduce the start lots. Vola is going down > I increase the start lots.

So far this simple trick helped me to boost the overall profits and kept me out of troubles.

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