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Tom'sEa WPFX LIVE (de TomsEaWPFXlive )

El usuario ha borrado este sistema.

Discusión Tom'sEa WPFX LIVE

jsantos3
Sep 06 2011 at 10:26
posts 272
jsantos3
Sep 08 2011 at 22:54
posts 272
Make this available on ea run on client's computer (vps) and NOT copier, which is plagued with errors. Regarding software protection, WallStreet-forex was able to code an ea that nobody has been able to crack.

Chugginton (maxtrade)
Sep 19 2011 at 02:06
posts 35
could you make open trades to public ? it's more easy for us to compare server and client trade position.

ForexScam
Oct 26 2011 at 14:42
posts 1008
huh? the free EA is a Client Side trade copier... And after 2 years of development, its still Martingale. Cool Beans

kishorejoga
Oct 28 2011 at 15:42
posts 313
Tom you could have given option to choose lots , becuase in testing even if 1k acoount starts with 0.1 with low risk which is quiet dangerous, and its very esay to get bad name for ur robot .

Joss Ghandoss (mamorostfx)
Oct 30 2011 at 10:30
posts 47
Hello there... Please update your EA with lot setting.. thanks :D

My Trade My Adventure
Steve B (stevetrade)
Oct 31 2011 at 11:30
posts 1415
Looks like another martingale system hits the market promising riches galore. What always interests me is whether the pedlars of these EA's know they are selling a pup or if they are as deluded as the purchasers.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
CanAm
Nov 03 2011 at 04:44
posts 48
stan said: Interested in the EA but I prefer to add it to my account along with its DLL without running an executable file in my computer. Do you have the files available without the .exe?

Tom said: Stan, We may be able to make that work on a VPS someday soon. Thanks

Tom - are you saying that the EA won't run on a VPS???
If not - why not?
Surely its just dependent on the MT4 platform?
It is imperative for this type of EA to have uninterrupted access to the broker.
Due to the high risk/high holding losses that it carries (currently 30% of bank balance) and the way it doubles up to cover those loses it can't afford to never be in contact with the broker I would have thought?

Also, what's with all the comments of 'only profitable trades' and 'my account is up 10% already' - are they just fake comments or do people actually just look at closed trades and not consider the 30% that is still at risk???

kishorejoga
Nov 03 2011 at 18:56
posts 313
I havnt see any account profitable accept this account
starangly some accounts demos blown up already since EA recently launched

Gary Sharp myfxpt com
myfxpt
Nov 03 2011 at 20:01
posts 345

   stevetrade posted:
   Looks like another martingale system hits the market promising riches galore. What always interests me is whether the pedlars of these EA's know they are selling a pup or if they are as deluded as the purchasers.


  Good point...let's give the benefit of the doubt and assume delusion!

Antny (fughe)
Nov 05 2011 at 04:51
posts 724
What I don't understand is how this account shows so little drawdown. My account is running on the lowest possible risk setting of 1 and I constantly have a huge drawdown.

Make losses, but always come out a winner at the end.
CanAm
Nov 07 2011 at 10:18
posts 48
Yes, my account was the same - they've stopped access now that its a pay for item (my email password is being refused) - or maybe that's because I kept asking too many questions :)

About once per week I would be carrying up to 16% at currency value or 33% at stop loss value.

At this point whilst it produced a nice equity curve the reality was the value of closed trades hasn't been greater than the amount at risk - and that's after about 2-3 months from memory - I started it from the very early days.

Antny (fughe)
Nov 07 2011 at 12:52
posts 724
That is what I have been seeing. I looked at their live account, and never at any point does it show the kind of constant DD I saw.

Matter of fact, based on minimum risk and that it opened a lot size of 0.1 lot in my account, I have seen it carry an open DD of -15,000 pips. Most of the time, the DD would hover around -10,000 pips, and every once in a while it would drop down to less than -1,000 pips. I ran all 6 pairs at minimum risk the entire time.

Now that I have said that, it was not uncommon for it to gain +1,000 pips in a day. There were even a couple times that it gained as much as +3500 pips in a day.....still based on minimum risk and lot size of 0.1.

Also, and this is for anyone checking into it, the supposed -400 pip SL is non-existent. With this type of martingale system, the SL is continually moved further and further from the open price as more positions are opened to recover from a bad open position. What I experienced was during some of the close outs of a recovery group, I would sometimes have several positions in the group closed that were 2000-3000 pips negative. So, if you ever did actually hit a full SL, the loss would be catastrophic....As in FAR MORE than the claimed 10% DD. I would venture to say that a full SL would wipe out 50% of the account.

I wonder if anyone has done a long term test with tick data from dukascopy????

Make losses, but always come out a winner at the end.
Matt (BluePanther)
Nov 08 2011 at 12:22
posts 1356
https://www.myfxbook.com/members/BluePanther/iamfx/79446

(REAL RESULTS - from 27 October to 8 Nov 2011)

Yeah poor results so far and I have only tested it for little over two weeks. From a net balance of about $750 to now $640, I had 23 winning trades in 24 hours, but since have had five always open losing trades at a total of $-160+.

Check the Balance graph out - unless the markets are going its way this martingale system can't cope. I'm on lowest risk setting and it has stalled with no other trades since those losing trades started using up more margin. I am just gonna see what it does but looks like either I close out manually for a loss or risk keeping them open and losing even more.

Tom, I think you need to improve this EA before you can keep on making such bold claims of its very patchy results

TomsEaWPFXlive
Nov 08 2011 at 15:00
posts 1
Interestingly enough if people follow the instructions properly they would see that the system produces results - Not fake - This account is live as are many other accounts that have set up their EA properly. The EA does need to run at all times when the market is open. Since most people are in the forex market to 'get rich quick' they don't take the time to set things up properly and lose all of their money. If you look at the history of this account you will see that it does take losses once in a while to keep it from getting into too much DD, but the overall result is that it makes more than it loses. This EA is for those that want to have long term growth in the forex market and is not the answer for those that want to 'get rich quick'. I didn't bring this to market to make a bunch of money from people buying it. As you can see this makes money for me already.
Good luck in your search to find what you're looking for.

kishorejoga
Nov 08 2011 at 15:22
posts 313
TOM , CAN YOU TELL ME WHAT R UR RISK SETTINGS ON 9K account ur showing, you are trading with 0.03 lots


Antny (fughe)
Nov 08 2011 at 15:48
posts 724

   TomsEaWPFXlive posted:
   Interestingly enough if people follow the instructions properly they would see that the system produces results - Not fake - This account is live as are many other accounts that have set up their EA properly. The EA does need to run at all times when the market is open. Since most people are in the forex market to 'get rich quick' they don't take the time to set things up properly and lose all of their money. If you look at the history of this account you will see that it does take losses once in a while to keep it from getting into too much DD, but the overall result is that it makes more than it loses. This EA is for those that want to have long term growth in the forex market and is not the answer for those that want to 'get rich quick'. I didn't bring this to market to make a bunch of money from people buying it. As you can see this makes money for me already.
Good luck in your search to find what you're looking for.


I can see that it works....in your account and mine. What I don't understand is, how does your account show so little DD? Everyone I have talked to that has tested the system experienced a constant huge drawdown. I guess the real question is..... Since everyone else has experienced huge DD with this, but you have not, and instead you show lots of losses, do you manually intervene and close trades out? As long as I have seen this EA in action on several different accounts, i have never seen it take a pure loss, without manual intervention.

Make losses, but always come out a winner at the end.
flopps
Nov 09 2011 at 05:39
posts 42
Ran Tom's EA on demo for 2 weeks and have been running it live for one week. Have not had more then 2% draw-down on open trades and <0.3% draw-down on closed trades. My starting account size, number of pairs and settings are exactly the same as Toms one on MyFxBook.

Antny (fughe)
Nov 09 2011 at 06:02
posts 724
I think i have maybe figured it out then. I was using all 6 recommended pairs. The live test account for this EA is not using all the recommended pairs.

Make losses, but always come out a winner at the end.
Murray (Zone7)
Nov 09 2011 at 07:33
posts 2
I'm almost finished 3 weeks of live trading. So far it performs exactly as described. No big DD's. It closes a bunch of trades based on the overall profitability, so sometimes some of the trades are losing one's, but so far not large losers.

I understand that there are larger loses sometimes - I've seen those on the history Tom has provided, but since I'm up over 20% in 3 weeks I don't expect them to completely wipe out the gains.

I'm trading mini-lots rather than the micro-lots Tom recommends, and I'm using the hedging option. To offset my larger trade size I'm trading one pair with the lowest risk setting (1). From the guideline Tom has given regarding risk it looks like I am carrying slightly more than he recommends, but not dramatically so. Balance is approx USD10k.

Maybe those getting different results are those who can't use hedging? (USA-based).

Overall, I think the system and support are very professional, and I'm in for the long-term - which is the first time after trying dozens of other EA's over the last 4 years. Thanks Tom for making this available and for the professional approach.

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