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Rich Owl (de Rich Owl )

Gain : +431.61%
Drawdown 66.54%
Pips: 15077.1
Transactions 1275
Gagné:
Perdu:
Type: Réel
Levier: 1:200
Trading: Automatisé

Discussion Rich Owl

Jarora
Feb 02 2012 at 08:15
posts 371
Hello,

You can make a backtest since 1999? This is weak backtest for so expensive EA. PayPal is no refund!!!

Jarora
Feb 02 2012 at 16:24
posts 371
That's incredible. This is the same vendor: https://fourx.me/

https://www.myfxbook.com/community/trading-systems/fourxme/190729, 1

https://www.forexpeacearmy.com/metatrader_expert_advisor/fourx_ea/real

The EA has big profits but eventually you will lose everything. Hands off this vendor.

Kaptain
Feb 02 2012 at 21:38
posts 55
That is one expensive EA. Yes, looks like it is from Fourx.me the one that failed and even the vendor has removed the live test from his sales site.



Plan your trade, trade your plan
edlover78
Feb 03 2012 at 04:03
posts 12
You guys are right. I couldn't remember that EA that failed a couple of months ago. I looked at the site and the way it traded and it reminded me of fourx.me .....and your right it is...its a recycled EA. It just has a new name.

George Holt III (geoholt3)
Feb 18 2012 at 00:34
posts 46
Martingale. No SL=No account in no time.

Keep that damn Kryptonite away from me!
Rich Owl (richowl)
Feb 18 2012 at 09:46
posts 7
Hi George.

The EA has very solid SL which is margin based and set in the external parameters of the EA.

Please let us know if you have any questions.

Thanks.

kondalu1982
Feb 24 2012 at 17:43
posts 34
can you tell me what is the cost of this ea

Tupisa (Aboualaich)
Feb 28 2012 at 18:49
posts 14
Rich Owl (richowl)
Mar 21 2012 at 06:52
posts 7
Please let us know if you have any questions about the EA.

Rich Owl (richowl)
Mar 21 2012 at 06:52
posts 7
We are glad that our EA has been performing so greatly.

san4x (san4x)
Mar 22 2012 at 07:53
posts 86
Website is no longer available, I guess they closed shop: https://fourx.me/

Gusrix Forex
gusrix
Mar 29 2012 at 11:41
posts 22

   richowl posted:
   Please let us know if you have any questions about the EA.


Hi Richowl, can you tell me about your EA Money management? $100 / 0.01 lot?
What's broker do you recommend?

Rich Owl (richowl)
Mar 29 2012 at 18:24
posts 7

   gusrix posted:
   

   richowl posted:
   Please let us know if you have any questions about the EA.


Hi Richowl, can you tell me about your EA Money management? $100 / 0.01 lot?
What's broker do you recommend?


Hi Gusrix,

Thanks for your interest.
We started the EA with 0.02 lot on a $100.00 micro account.
Later we decided to lower the risk and as a result the lot size is currently lower than what it could have been based on the initial settings.
We are not using the Money Management capability of the EA, yet the EA does have Money Management system.

Please let me know if you have any further questions.

Thanks.

gwrigh
Apr 02 2012 at 17:09
posts 72
Be very careful of trade size vs account size with grid+martingale. For example, on Feb. 23 it was floating -4500 pips. That's roughly -$4500 at 0.1 pips on a U.S. account with 50:1 leverage. As I write this, it has 24 open trades totaling 0.72 lots floating -540 pips. That would be nearly -$3900 with U.S. leverage. I bought FourX.Me and the vendor was very unsupportive. That EA looked to perform a lot like this one and eventually blew their test account. Buyer beware.

Rich Owl (richowl)
Apr 02 2012 at 17:37
posts 7

   gwrigh posted:
   Be very careful of trade size vs account size with grid+martingale. For example, on Feb. 23 it was floating -4500 pips. That's roughly -$4500 at 0.1 pips on a U.S. account with 50:1 leverage. As I write this, it has 24 open trades totaling 0.72 lots floating -540 pips. That would be nearly -$3900 with U.S. leverage. I bought FourX.Me and the vendor was very unsupportive. That EA looked to perform a lot like this one and eventually blew their test account. Buyer beware.


This EA has nothing to do with Fourx.me.
We are very supportive for our clients and have a great service.
Yes, the EA has experienced drawdown but so does every EA. Yet the return has been so high which explains the excessive drawdown.
Further more, your comment is biased since you are a EA seller.

Let me know if you have any questions.

gwrigh
Apr 02 2012 at 17:41
posts 72
I am not an EA seller. I'm just a regular trader in Arizona, USA. How did you come up with that? I hope you are not FourX.me. Someone else on this discussion said that. Please prove you aren't.

gwrigh
Apr 02 2012 at 17:43
posts 72
I would be interested if you would explain how Rich Owl will avoid complete disaster. Is there a drawdown limit in the money management settings? -4500 pips is huge - what's to prevent -10000 pips and blown account? Thanks.

Rich Owl (richowl)
Apr 02 2012 at 17:44
posts 7

   gwrigh posted:
   I am not an EA seller. I'm just a regular trader in Arizona, USA. How did you come up with that? I hope you are not FourX.me. Someone else on this discussion said that. Please prove you aren't.


Sorry for mistake, I just figured you are not an EA seller. There was a confusion.

Rich Owl (richowl)
Apr 02 2012 at 17:50
posts 7

   gwrigh posted:
   I would be interested if you would explain how Rich Owl will avoid complete disaster. Is there a drawdown limit in the money management settings? -4500 pips is huge - what's to prevent -10000 pips and blown account? Thanks.


Rich Owl has a rigid StopLoss paramter which is on default set as 20% and all people who are using the EA can confirm that.
On our live account, we have targeted higher profit to presend the capabilities of the EA so the settings are not set as default.

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