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FXCharger (de forexstore )
The user has made his system private.
Discussion FXCharger
Membre depuis Jun 30, 2011
posts 53
Jan 12, 2020 at 16:13
Acronotus posted:rickyalpari_1 posted:
If anyone wants to follow an account ( my demo account with fxcharger on IcMarkets broker )
https://www.myfxbook.com/members/rickyalpari_1/icmarkets-fxcharger/3987541
It's completely useless for others if you set all the data on private... :P
Mmmm.. Do you want to copy the strategy or to check if the master real account perform the same trade?
Because my goal was only to check if the operation are equal not to show how the ea works..
forex_trader_305974
Membre depuis Feb 16, 2016
posts 71
Jan 12, 2020 at 23:01
SleepingFX posted:
hi, the 2 months closed last year manually closed or by EA?
Hello!
If you mean the losses at 2018 year period, then I can say you, that it was StopLosses of the system. We don't trade and don't close any trades manually. All our clients have the same results as we are.
Membre depuis Feb 25, 2017
posts 28
Jan 13, 2020 at 12:11
expensive robots to guarantee nothing and less in forex I only see bad reviews of this robot and it is very expensive right away
Membre depuis Feb 22, 2011
posts 4573
Jan 13, 2020 at 22:57
It is a martingale. Not doubling the trades but multiply trade size by 4.
On the other hand it has long term results.
So everyone should make its own decision.
On the other hand it has long term results.
So everyone should make its own decision.
forex_trader_305974
Membre depuis Feb 16, 2016
posts 71
Jan 14, 2020 at 23:59
HMSTOMAHAWKTRD posted:
expensive robots to guarantee nothing and less in forex I only see bad reviews of this robot and it is very expensive right away
Hello!
Well, I think we are a truthful company, that is why we don't guarantee you the golden mountains. I can say you, that anybody who guarantees you that his system is "holy grail" is a scammer - because it's Forex and you always must be ready to lose the money if you started trading. But we guarantee that our system has drawdown control and you will not lose more money than you have specified in the setting of EA - of course, if the broker will not fool you. And you can see this by seeing our two stop-loss for the entire trading period.
And yes, our EA is not a cheap one. But come on, the fifth year of trading on our account is coming, we have earned more than 2000%, we had stop losses and account still works good and everybody see it. It can't cost the same as EA with 6 months of live.
In our opinion, the price is fully justified, our software works much better than other EAs that cost lower price.
Of course, it's up to the client and you decide what is worthy of your money and time, we respect it.
Membre depuis Feb 25, 2017
posts 28
Jan 15, 2020 at 12:02
(édité Jan 15, 2020 at 12:07)
fxcharger posted:HMSTOMAHAWKTRD posted:
expensive robots to guarantee nothing and less in forex I only see bad reviews of this robot and it is very expensive right away
Hello!
Well, I think we are a truthful company, that is why we don't guarantee you the golden mountains. I can say you, that anybody who guarantees you that his system is "holy grail" is a scammer - because it's Forex and you always must be ready to lose the money if you started trading. But we guarantee that our system has drawdown control and you will not lose more money than you have specified in the setting of EA - of course, if the broker will not fool you. And you can see this by seeing our two stop-loss for the entire trading period.
And yes, our EA is not a cheap one. But come on, the fifth year of trading on our account is coming, we have earned more than 2000%, we had stop losses and account still works good and everybody see it. It can't cost the same as EA with 6 months of live.
In our opinion, the price is fully justified, our software works much better than other EAs that cost lower price.
Of course, it's up to the client and you decide what is worthy of your money and time, we respect it.
that its results are satisfactory is not a general rule I think that in a more honest way it should be a more accessible system as there are others that even at no cost like a free trial for testing anyway... that kind of offer exists elsewhere and even with better results some Sometimes ..
Membre depuis Jun 30, 2011
posts 53
Jan 15, 2020 at 15:30
rickyalpari_1 posted:Acronotus posted:rickyalpari_1 posted:
If anyone wants to follow an account ( my demo account with fxcharger on IcMarkets broker )
https://www.myfxbook.com/members/rickyalpari_1/icmarkets-fxcharger/3987541
It's completely useless for others if you set all the data on private... :P
Mmmm.. Do you want to copy the strategy or to check if the master real account perform the same trade?
Because my goal was only to check if the operation are equal not to show how the ea works..
The parameters are:
Max risk 35
Fix lot 0.01
Account 1000 euro
Membre depuis Jun 30, 2011
posts 53
Jan 15, 2020 at 15:31
rickyalpari_1 posted:Acronotus posted:rickyalpari_1 posted:
If anyone wants to follow an account ( my demo account with fxcharger on IcMarkets broker )
https://www.myfxbook.com/members/rickyalpari_1/icmarkets-fxcharger/3987541
It's completely useless for others if you set all the data on private... :P
Mmmm.. Do you want to copy the strategy or to check if the master real account perform the same trade?
Because my goal was only to check if the operation are equal not to show how the ea works..
The parameters are:
Max risk 35
Fix lot 0.01
Account 1000 euro
Membre depuis Sep 24, 2018
posts 17
Jan 15, 2020 at 18:40
Hi FXCharger,
Just looked at your monthly profits again and what bothers me is that although your daily profit shows 0.22%, the monthly profit shows a minimal profit for the last 2 years. It seems that the main reason for your pretty decent daily profit comes from the first 2 years of running this EA; especially the first month you ran it (65% profit).
So it seems you dialed down quite a bit on the risk, making the EA look stable long term. If I actually analyze just the last year (2019), your daily profit seems to be only 0.02%.
Just looked at your monthly profits again and what bothers me is that although your daily profit shows 0.22%, the monthly profit shows a minimal profit for the last 2 years. It seems that the main reason for your pretty decent daily profit comes from the first 2 years of running this EA; especially the first month you ran it (65% profit).
So it seems you dialed down quite a bit on the risk, making the EA look stable long term. If I actually analyze just the last year (2019), your daily profit seems to be only 0.02%.
forex_trader_305974
Membre depuis Feb 16, 2016
posts 71
Jan 17, 2020 at 22:33
dutchdevil posted:
Hi FXCharger,
Just looked at your monthly profits again and what bothers me is that although your daily profit shows 0.22%, the monthly profit shows a minimal profit for the last 2 years. It seems that the main reason for your pretty decent daily profit comes from the first 2 years of running this EA; especially the first month you ran it (65% profit).
So it seems you dialed down quite a bit on the risk, making the EA look stable long term. If I actually analyze just the last year (2019), your daily profit seems to be only 0.02%.
Hello!
It's all about the algorithm of myfxbook, not about our profitability. Myfxbook calculates risk that depends on the current balance. For example, I have an account of $1000 and in the first month I have earned $1000 - it will show that my profit is 100%. In the next month, I have $2000 (1000 deposit + 1000 my previous profit). But I have not increased my lots (risks) and earned $1000 once more - at this time, myfxbook will show, that my profit is 50%. We have the same profitability in money, but in % profitability is lower, because the account is twice bigger now.
It's because myfxbook calculate daily, monthly profitability with an algorithm that is working right only with compound interest (increasing risk when deposit is getting bigger). At our account we didn't increase risks (lots) when the deposit is getting bigger.
That's the reason why our daily, monthly profitability in % looks decreasing, but actually it is on the same level almost all the time - only at the beginning of the account, we have higher risks. You will see it if you will analyze our profit in money.
You can easily check all my words by yourself at myfxbook parameters. Just go to the monthly tab at the bottom and click on the button "More" and select "Profit". You will see our profitability in USD for each month. I have attached a screenshot.
Also, you can take the total profit of account 2194% and divide it on the total amount of trading months and you will get monthly profitability - you will see that monthly profitability will be much bigger than showed myfxbook.
Membre depuis Sep 24, 2018
posts 17
Jan 20, 2020 at 13:31
Hi, so in my eyes you are actually lowering risk over time. If you compare to any other form of investing or speculating, you’ll see that normally monthly profits in $$ will increase as your balance increases. Which makes sense, as it’s similarly fair for someone that commits $1,000,000 to your EA should have a larger yield than someone that commits only $1,000 right? To align with this, most EAs calculate lotsize based on some formula that relates it to your balance and your risk setting. As in your EA, the lotsize stays the same and your balance increases in time, this inherently means that your risk is lowered over time.
Does the EA have an option to switch to such an automated lotsize calculation and if so, have you tested this long term?
Does the EA have an option to switch to such an automated lotsize calculation and if so, have you tested this long term?
Membre depuis Jun 30, 2011
posts 53
Feb 04, 2020 at 13:03
The EA of course has got an "auto lot size" parameter .. this could generate more profits but also increase the risk / DD
Membre depuis Sep 24, 2018
posts 17
Feb 05, 2020 at 13:49
(édité Feb 05, 2020 at 13:50)
rickyalpari_1 posted:
The EA of course has got an "auto lot size" parameter .. this could generate more profits but also increase the risk / DD
Sorry, once again I don't think we agree. With the 'auto lot size' active, your risk and average DD should stay the same over time. As will your profit in percentage.
Do you have an instance running and on MYFXBook that has the 'auto lot size' parameter active? I think that will show us the true stability and performance of FXCharger over time.
Membre depuis Jun 30, 2011
posts 53
Feb 05, 2020 at 14:17
mmm i think it is not clear what auto lot size parameter do.
With a balance of 1000 $ or € or other if i insert a fix lot and set auto lot size "false" i can decide the first lot size and consequently the other, so
0.01 0.04 0.16 0.64.
With the same balance 1000 $ € or other with auto lot size parameter set to "true" the first lot size is 0.02
so 0.02 0.08 0.32 1.28
For me is more risk / DD and also it could be ( but i would like to underline IT COULD BE ) more profitable
With a balance of 1000 $ or € or other if i insert a fix lot and set auto lot size "false" i can decide the first lot size and consequently the other, so
0.01 0.04 0.16 0.64.
With the same balance 1000 $ € or other with auto lot size parameter set to "true" the first lot size is 0.02
so 0.02 0.08 0.32 1.28
For me is more risk / DD and also it could be ( but i would like to underline IT COULD BE ) more profitable
forex_trader_305974
Membre depuis Feb 16, 2016
posts 71
Feb 05, 2020 at 16:44
dutchdevil posted:
Hi, so in my eyes you are actually lowering risk over time. If you compare to any other form of investing or speculating, you’ll see that normally monthly profits in $$ will increase as your balance increases. Which makes sense, as it’s similarly fair for someone that commits $1,000,000 to your EA should have a larger yield than someone that commits only $1,000 right? To align with this, most EAs calculate lotsize based on some formula that relates it to your balance and your risk setting. As in your EA, the lotsize stays the same and your balance increases in time, this inherently means that your risk is lowered over time.
Does the EA have an option to switch to such an automated lotsize calculation and if so, have you tested this long term?
Hello!
Well, it's all about how you look at it and what is convenient to you. Some traders like to reinvest their profit, some traders like to keep their profit and don't increase the risks (risks in money not in percents). We prefer to make trading more safe that is why we don't use compound interest (auto lot size calculation). Any trader makes this decision by himself.
But yes sure, our EA has the possibility to trade with "automated lotsize calculation" and you are free to use it 😄
Feb 05, 2020 at 17:21
You are selling this EA, but you do not trust it so much.
This is why you are running your EA on a cent account. ( i have checked with fxopen)
Create a $10k standard account and let it work without disabling it in high impact news.
As a EA provider i run my EAs on my personal accounts with over $100K then i start promoting .
You are running it on a cent account , and you expect your clients to fully trust it.
This is why you are running your EA on a cent account. ( i have checked with fxopen)
Create a $10k standard account and let it work without disabling it in high impact news.
As a EA provider i run my EAs on my personal accounts with over $100K then i start promoting .
You are running it on a cent account , and you expect your clients to fully trust it.
Feb 06, 2020 at 09:05
almfx posted:
You are selling this EA, but you do not trust it so much.
This is why you are running your EA on a cent account. ( i have checked with fxopen)
Create a $10k standard account and let it work without disabling it in high impact news.
As a EA provider i run my EAs on my personal accounts with over $100K then i start promoting .
You are running it on a cent account , and you expect your clients to fully trust it.
And your fxbook accounts hide trade history.
Not trustworthy either.
Feb 06, 2020 at 09:28
MicF posted:almfx posted:
You are selling this EA, but you do not trust it so much.
This is why you are running your EA on a cent account. ( i have checked with fxopen)
Create a $10k standard account and let it work without disabling it in high impact news.
As a EA provider i run my EAs on my personal accounts with over $100K then i start promoting .
You are running it on a cent account , and you expect your clients to fully trust it.
And your fxbook accounts hide trade history.
Not trustworthy either.
Trade history is for checking the strategy,
For checking martingale, grid, there are other stuff that you can use , like summary , negative pips and earnings.
Feb 06, 2020 at 11:14
Not only martingale and grid.
I'd like to see, if the trades have SL and TP for instance.
I had several MT4 crashes and was super happy, that a SL saved my account.
But that's just one point.
I doubt people can to re-engineer your EA based on trading history.
I'd rather suspect, there is something hidden and I don't bother going deeper into my due diligence.
I'd like to see, if the trades have SL and TP for instance.
I had several MT4 crashes and was super happy, that a SL saved my account.
But that's just one point.
I doubt people can to re-engineer your EA based on trading history.
I'd rather suspect, there is something hidden and I don't bother going deeper into my due diligence.
