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BlueMonkey Real Money Live Test == Ended Oct 2014 (de bluemonkey)
Lutilisateur a supprimé ce système.
Discussion BlueMonkey Real Money Live Test == Ended Oct 2014
Sep 03, 2014 at 00:13
rob559 posted:
[Message deleted]
may we know why?
nothing hidden, support is here, he don't ban at the first comment.
its a grid, so a risk for sure, like any grid.
its a type of trading which can be good, you have to insure you don't invest more than you can lost and withdraw your profit every week.
forex_trader_8565
Membre depuis Mar 12, 2010
posts 106
Sep 03, 2014 at 00:19
jeo86 posted:
There is no words to describe what i'm feeling right now your EA is very bad, Today i have lost 1500$ ,why your EA takes 11 trades and closed with big big losses, can you explain!!!!!!!!!!!!!!!!!
Hi Jeo86,
Did it happen on EUR/GBP?
Thanks.
Membre depuis Jun 22, 2014
posts 423
Sep 03, 2014 at 00:19
willgart posted:rob559 posted:
[Message deleted]
may we know why?
nothing hidden, support is here, he don't ban at the first comment.
its a grid, so a risk for sure, like any grid.
its a type of trading which can be good, you have to insure you don't invest more than you can lost and withdraw your profit every week.
cause he cannot wrap his head around the risk thats involved with trading. he is looking for a system which takes 1% risk and generates 100% profit :) let us know if you find it 😁
Sep 03, 2014 at 00:26
bluemonkey posted:willgart posted:rob559 posted:
[Message delete]
may we know why?
nothing hidden, support is here, he don't ban at the first comment.
its a grid, so a risk for sure, like any grid.
its a type of trading which can be good, you have to insure you don't invest more than you can lost and withdraw your profit every week.
cause he cannot wrap his head around the risk thats involved with trading. he is looking for a system which takes 1% risk and generates 100% profit :) let us know if you find it 😁
but its possible!!!
open a cents account with 100 000$ (so * 100) = 10 000 000cents, then put any martingale on it with a very low risk (so 0.01 lot size).
you'll have less than 1% of DD... for the 100% of profit... you'll have to wait a little ;)
Membre depuis Jun 22, 2014
posts 423
Sep 03, 2014 at 00:27
willgart posted:bluemonkey posted:willgart posted:rob559 posted:
[Message deleted]
may we know why?
nothing hidden, support is here, he don't ban at the first comment.
its a grid, so a risk for sure, like any grid.
its a type of trading which can be good, you have to insure you don't invest more than you can lost and withdraw your profit every week.
cause he cannot wrap his head around the risk thats involved with trading. he is looking for a system which takes 1% risk and generates 100% profit :) let us know if you find it 😁
but its possible!!!
open a cents account with 100 000$ (so * 100) = 10 000 000cents, then put any martingale on it with a very low risk (so 0.01 lot size).
you'll have less than 1% of DD... for the 100% of profit... you'll have to wait a little ;)
i meant 100% profit per month. haha
Membre depuis Oct 01, 2013
posts 7
Sep 03, 2014 at 07:10
I had 10 EURGBP Sell orders and it reached 30% SL and closed them all in loss. After the 30% loss, the EA opened two more EURGBP Sell orders now!
At least I know the 30% SL is working but everyone needs to understand this EA carries inherent risk due to its grid strategy.
I wished the EA was able to take the opposite side as the up trend becomes firmer and stronger.
At least I know the 30% SL is working but everyone needs to understand this EA carries inherent risk due to its grid strategy.
I wished the EA was able to take the opposite side as the up trend becomes firmer and stronger.
Membre depuis Dec 10, 2013
posts 82
Sep 03, 2014 at 07:11
Alex, would you mind posting the results of your checkup on Jeo86? And perhaps comment on my question earlier?
now or never!
Membre depuis Jun 22, 2014
posts 423
Sep 03, 2014 at 07:12
SDBeachBoy posted:
I had 10 EURGBP Sell orders and it reached 30% SL and closed them all in loss. After the 30% loss, the EA opened two more EURGBP Sell orders now!
At least I know the 30% SL is working but everyone needs to understand this EA carries inherent risk due to its grid strategy.
I wished the EA was able to take the opposite side as the up trend becomes firmer and stronger.
what have you set your initial_lot at? 0.02 or 0.04?
Membre depuis Jun 22, 2014
posts 423
Sep 03, 2014 at 07:15
jeo86 posted:
Regarding the free margin was not low i don't know why the trades closed :S ..let me see what is the final result
i just checked. your opening size is 0.04 on the losing trades. on a 5K account 0.04 opens at 0.20 which is your case.
thats why the EA has hit SL
Membre depuis Dec 10, 2013
posts 82
Sep 03, 2014 at 07:24
Alex, We could use 0.04 if we only use one pair for trading right?! Only if you trade E/U and E/G we are instructed to set the inital_lot to 0.02...
now or never!
Membre depuis Jun 22, 2014
posts 423
Sep 03, 2014 at 07:25
Atsiekratsie posted:
Alex, We could use 0.04 if we only use one pair for trading right?! Only if you trade E/U and E/G we are instructed to set the inital_lot to 0.02...
yes but it increases the risk. thats why we have broken down into 2 pairs with lower lot size.
A
Sep 03, 2014 at 07:25
askew8 posted:
Wow now up to 13 orders open. Thats at about 15% of BM's acct bc its 5% of mine. This pair is relentless today! Hope it starts to drop soon!
Hi Askew8,
this EA needs a lverage of 1:300, in order to survive.Today I lost 248,- euro's because of hitting the stoploss. I used a leverage of 1:500, but could not change it, because of all the trading activity and hoping that the stoploss will not been meanwhile hit.
Also I changed now the lotsize to 0.02 on both pairs.
It happened with a loss of 248,- euro loss, an expensive lesson. Still I think this EA has good qualities.
Regards,
Maurice
Sep 03, 2014 at 09:16
Maurice,
I too am using 1:500 but I am only taking in 1/3 of the risk that BM is taking. My levels are at .03 on both pair but I have an account of 4500+. My SL was nowhere near being triggered and now I am seeing a decline in the pair.
Good luck 😄
I too am using 1:500 but I am only taking in 1/3 of the risk that BM is taking. My levels are at .03 on both pair but I have an account of 4500+. My SL was nowhere near being triggered and now I am seeing a decline in the pair.
Good luck 😄
forex_trader_169857
Membre depuis Dec 31, 2013
posts 164
Sep 03, 2014 at 09:34
(édité Sep 03, 2014 at 09:41)
willgart posted:rob559 posted:
[Message deleted]
may we know why?
nothing hidden, support is here, he don't ban at the first comment.
its a grid, so a risk for sure, like any grid.
its a type of trading which can be good, you have to insure you don't invest more than you can lost and withdraw your profit every week.
If you search the forum and make the connections you would know that the developers/vendors are the same people behind BigBang EA, Pipable-Menkent system, sPhantom, FxPapa & CyberForex. BlueMonkey is their latest toy to hit the market.
Sep 03, 2014 at 12:07
SDBeachBoy posted:
I had 10 EURGBP Sell orders and it reached 30% SL and closed them all in loss. After the 30% loss, the EA opened two more EURGBP Sell orders now!
At least I know the 30% SL is working but everyone needs to understand this EA carries inherent risk due to its grid strategy.
I wished the EA was able to take the opposite side as the up trend becomes firmer and stronger.
Hi,
I fully agree with you, that the EA should be able to take the opposite side as the up trend becomes firmer and stronger. Now the EA is trading with a "reversal "strategy . The advantage is, that you are in the trade, but have to wait if all the reversals will be won with a profit. So in a way it can be risky !
What is the opinion of Blue Monkey / Alex about this ?
Maurice
Sep 03, 2014 at 12:07
Hi Alex,
The EA should be able to trade with the trend when this trend is becoming firmer and stronger. Now the EA is trading with a "reversal "strategy . The advantage is, that you are in the trade, but have to wait if all the reversals will end with a profit. So in a way it can be risky !
What is the opinion about this ?
Maurice
The EA should be able to trade with the trend when this trend is becoming firmer and stronger. Now the EA is trading with a "reversal "strategy . The advantage is, that you are in the trade, but have to wait if all the reversals will end with a profit. So in a way it can be risky !
What is the opinion about this ?
Maurice
forex_trader_113355
Membre depuis Feb 22, 2013
posts 116
Sep 03, 2014 at 12:09
Hi Alex,
Your EA has already caused 30% loss in my account and why your account is not showing loss???? It has closed all trades in loss when floating loss exceeded 30%. This EA need to be tested rigorously other wise it seems a scrape EA!!!!
Lat time you checked this account and said your EA is having only 15% floating loss but now your EA closed all loosing trades at 30% floating loss. So this is an accepted risk! whereas the reward is not at all achieved.
Regards,
Dhiraj
Your EA has already caused 30% loss in my account and why your account is not showing loss???? It has closed all trades in loss when floating loss exceeded 30%. This EA need to be tested rigorously other wise it seems a scrape EA!!!!
Lat time you checked this account and said your EA is having only 15% floating loss but now your EA closed all loosing trades at 30% floating loss. So this is an accepted risk! whereas the reward is not at all achieved.
Regards,
Dhiraj
Sep 03, 2014 at 12:09
gftcfd posted:jeo86 posted:
There is no words to describe what i'm feeling right now your EA is very bad, Today i have lost 1500$ ,why your EA takes 11 trades and closed with big big losses, can you explain!!!!!!!!!!!!!!!!!
Hi Jeo86,
Did it happen on EUR/GBP?
Thanks.
Yess on EUR/GBP
