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Forex Envy (de Birt )

Gain : -99.78%
Drawdown 99.94%
Pips: -5171.7
Transactions 5040
Gagné:
Perdu:
Type: Réel
Levier: 1:500
Trading: Automatisé

Discussion Forex Envy

jsantos3
Mar 14 2012 at 00:05
posts 272
The lot size for this account is 100,000 in currency units. Yet, if the balance is in cents, that means $400 USD. This is leveraged to the hilt. But if it really is 40 thousand USD, then it's okay. Birt, please let me know whether I am missing something. Apparently it really is 40 grand!
Birt (birt)
Mar 14 2012 at 08:15
posts 166
The lot size is 100,000 cents ($1000). The initial balance was 40,000 cents ($400).
willgart
Mar 16 2012 at 13:35
posts 588
Birt... you can do more ;) come on... 100 000$ ;)
Birt (birt)
Mar 16 2012 at 13:40
posts 166
jsantos3
Jun 01 2012 at 12:10
posts 272
This Envy is surviving and thriving despite the huge trend in recent weeks. It seems that finally there is a martingale EA that can withstand the destruction that martingale causes during relentless trends. Well done.
Julian Chia (lordalfa)
Jun 04 2012 at 15:52
posts 1
Still the recommended money management makes sense. Evac the profits, there is no point in running them over capitalized, the money can be used properly somewhere else. Invested or spent to help the economy.
Birt (birt)
Jun 04 2012 at 15:54
posts 166

   lordalfa posted:
   Still the recommended money management makes sense. Evac the profits, there is no point in running them over capitalized

Indeed, I already withdrew 20% of the initial deposit. Will repeat the process 4 times more before letting the account grow.
willgart
Jun 04 2012 at 16:11
posts 588

   birt posted:
   

   lordalfa posted:
   Still the recommended money management makes sense. Evac the profits, there is no point in running them over capitalized

Indeed, I already withdrew 20% of the initial deposit. Will repeat the process 4 times more before letting the account grow.

me too, 20%, even if I got a MC 2 weeks after the beginning (there is 3months), I have recovered everything and starts my withdraw process!!!
3 months to recover + making beneficits... not bad at all.
zyrt
Jul 26 2012 at 21:22
posts 202
Hello Birt,
Are settings Long only, HV ?
Thanks
zyrt
Jul 26 2012 at 22:21
posts 202
Hello Birt,
Are settings Long only, HV ?
Thanks
willgart
Jul 26 2012 at 22:39
posts 588
I can answer for him, yes, long HV cycle only. as the short cycle required some manual management today, Birt didn't use this cycle as its objective is to have the EA working alone without any intervention like the others he tests.
and he follows all the rules by withdrawing the money at a regular basis... :)
Birt (birt)
Jul 27 2012 at 09:21
posts 166
Thanks for answering for me, willgart :)
Martijn (warriedemo)
Sep 17 2012 at 20:49
posts 5
I don't understand the 12.18 lot eurusd trade closed at 09.14.2012 17:03. It looks like it was part of the big basket of last week, but got closed by what it seems in error. Envy detected it and reopened a new 12.18 lot not much later.

So the recent hit on this account seems an error. The closure of a single 12.18 lot trade with a loss is not in line with Envy's strategy.

Are you aware of any errors Birt?
Birt (birt)
Sep 18 2012 at 07:13
posts 166
I also noticed that on Friday and was looking at the logs... Seems like a bug in v2.1 - Envy closed it and then reopened it. I was unable to figure out why that happened.
Simone P. (ler0y_br0wn)
Jan 03 2013 at 09:55
posts 6
Hi Birt,

did you close manually some position on USDJPY?

I have a similar 'fat lots' issue and I'm wondering what to do.

Actually my situation is slightly better for the moment... 😄

Thanks
On a long enough timeline, the survival rate for everyone drops to zero.
FXGearsDOTcom
May 22 2013 at 02:40
posts 18
Wow... holy blowout batman.

Brit, most of your live forward test accounts were for $300. This one was much larger.

Real money? Cent account?

Ouch.
Birt (birt)
May 22 2013 at 13:35
posts 166
Cent account, of course, I don't have that kind of cash to put in a forward test account. Anyway, Martingales are a chance game. I probably should have updated to the new version which might have saved the account. I'm still considering restarting the forward test with the new version (although the new version is still a Martingale and thus inherently risky). The main issue is that I didn't have the time to take care of it yet.
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