Discussion PowerFlow EA (3rd acc)

CanAm posted:
The trouble with these 'account histories' is that there is no disclosure of open trades

What are you talking about? All trades open/closed/pending etc... are shown. Please take a look to the stats first before making incorrect claims. For further information about the strategy of the EA, please read visit our homepage and read the PowerFlow product page.

Thank you!

Is this Martingale style?
Jerry

Batcheler posted:
Is this Martingale style?
Jerry

Hello batchboy, PowerFlow is a grid trading system which follows the trend. If you would like to know about the system please contact us through e-mail or visit our homepage.

Regards, Alexander

Black Friday Special!

Dear Traders, our Black Friday Offer (-30%) ends today at midnight.



For more information visit: https://www.forex21.com/powerflow-forex-expert-advisor/

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Our Black Friday Special (-30% ON ALL TRADING SYSTEMS) ends today!

@Forex21
Will it be a problem if I share my custom preset files with some traders?

P.S. Please check my PM. Thanks

MRodrigez posted:
@Forex21
Will it be a problem if I share my custom preset files with some traders?

P.S. Please check my PM. Thanks

That will be no problem Moreno.

Regards, Alexander

On of our affiliates just sent us his stats and although he started to use PowerFlow less than one month ago, the stats do look already very good.

[IMG][/IMG]

https://www.fxblue.com/users/power-flow/stats

@ Stats Fans

I collected a few more stats links. 😄

https://www.myfxbook.com/members/PaoloDemo/7552367-powerflow/1040640
https://www.myfxbook.com/members/ovisun/fbs-powerflowea/1007717
https://www.myfxbook.com/members/moneytinkers/hfpowerflowea/1080490
https://www.myfxbook.com/members/forexgermany/powerflowea/1077055
https://www.myfxbook.com/members/pipmenow/powerflow-ea/1084960
https://www.myfxbook.com/members/MRodrigez/powerflow-ea-beta/1018059

Are you aiming to reach 800% before the year ends?

MRodrigez posted:
Are you aiming to reach 800% before the year ends?

We do but as there is not much price action at the moment I am not sure that we will hit +800% before the year ends.

Holiday Special Discount offer on PowerFlow Expert Advisor (SAVE 30%)


Happy New Year ;)

Your Forex21 Team

is this a martingale system that means you will be risking your account by trading in massive lot sizes?

I was very optimistic about this EA prior to the holidays. I ran it with the default/standard set file sand it won the majority of the time, every morning I'd wake up and I'd have gained $100-300. Almost every single day it was a winner. Now, after the holidays, it's the exact opposite. Every morning I wake up and I'm down $500-1000. I keep depositing more funds (I'm finally out of money now) and every day it keeps losing more trades and killing my account. When I reached out to the Forex21 support, they told me I was using too high lot settings. Although, that WOULD make sense if it was a margin call that took out the trades, but PowerFlow itself is closing these trades in the negative. Deeply int he negative. So large lots were not the problem in this scenario, the EA entering and exiting trades at the wrong times IS the problem. I see the trades happening on this Forex21 live account as NOT mirroring the trades on my account, so perhaps they are not using the default trigger settings and distance settings. I'm not sure what's happening that could cause the results to be so backwards, but it has successfully cost me thousands of dollars... Think TWICE before you buy this EA or any other EA from Forex21. I am going to be leaving reviews on every possible forex site and urging my friends (who are also suffering due to this EA) to do the same. https://www.myfxbook.com/members/justforexreviews/1gnl-v-n013/1092495 is my chart, you can see the comments field to see which trades were initiated by PowerFlow.

So much for this great EA...

marran posted:
is this a martingale system that means you will be risking your account by trading in massive lot sizes?

Yes it is martingale or semi-martingale. They advise to use low lots, but I used the standard lots with a $2,000 account for 3 weeks and turned $2000 into almost $7,000. Then during and after the holidays I lost it all.

Dear Justin,

We have told you for multiple times that we recommend using the system with low-lot preset files. We have also mentioned that if you use high starting lots, it would involve high risks, especially on a 2k account.
That is a recommendation we give to all of our clients.

Best Regards,
Forex 21 Team

justforexreviews posted:

marran posted:
is this a martingale system that means you will be risking your account by trading in massive lot sizes?

Yes it is martingale or semi-martingale. They advise to use low lots, but I used the standard lots with a $2,000 account for 3 weeks and turned $2000 into almost $7,000. Then during and after the holidays I lost it all.

many thanks for your insight justin i think i will leave this EA alone

justforexreviews posted:
They advise to use low lots, but I used the standard lots

I guess you should have started with that.

Have you even run back-tests with the system? or at least calculated risk per trade (or in case of this system risk per basket) you are using?

I am not trying to bash you, but seems like you have started trading forex only few months ago

BR,
Moreno

justforexreviews posted:
They advise to use low lots, but I used the standard lots

Sorry Justin but ignoring the start lots is a very bad idea. I am sure you was running a back test with your custom set file and knew what is waiting for your account when you use the EA with very high risk and disabled DD protection.

Best Regards, Alexander