Advertisement
BlueMonkey Real Money Live Test == Started Oct 2014 (By bluemonkey)
The user has deleted this system.
BlueMonkey Real Money Live Test == Started Oct 2014 Discussion
Dec 30, 2014 at 07:57
who else didn't have the second batch of buys close. My first batch closed with -30% but I never got a second batch luckily. I have only had sells since the loss. I would also like to know what sort of signal this uses to open trades because since the loss it has been continuously been opening sells immediately after closing trades. Also it is closing trades 3-4 pips past the target line when I have a spread of 2 pips. Would like some info on this if anyone has any.
Dec 30, 2014 at 07:59
fxtrader10 posted:bluemonkey posted:
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
We did hit the SL but it was very unfair because our trades should have closed 2 times and they didnt due to our broker.
We will be changing broker.
A
I have to say firstly I'm not connected with BlueMonkey in any way so this review is completely unbiased.
I agree they had problems with their broker please my trades over the last two weeks have been profitable and all closed. I've some sells open from today in a tiny loss but otherwise everything has been great and I think others who have been using the EA should come on here and say whether they have been making profits or not. It's a real shame bluemonkeys chart looks the way it does now. What a blow!!!
My own experience for the past 4 months using BM has been quite profitable. The return so far has been almost 100% because I used a reduced lot size in favor of less risk. The chart was also steadily inclining as smooth as the monkey's butt :-)
The fact that I like about BM is that it shows us the cumulative target profit line. So in the event that the open positions are against a strong trend, and we observe the target profit is unlikely to be reached due to it's beyond a strong resistance/support, I wouldn't hesitate to execute a manual close for all positions.
Dec 30, 2014 at 12:58
Banana123 posted:
And the lesson is clear: Do not trade against the trend and market sentiment...Or at least just aim for a minimal and conservative profit (closing targets) of long positions in a down trending currency.
again again again...
if you know the trend you rocks! you are the master!
so can you share your strategy? how did you know the trend?
Dec 30, 2014 at 18:42
Alex, you currently have both eurgbp and Gbpusd open and I have 2 accounts running bmea 1 matches your and the other did not register the gbpusd trade. Thoughts? Could it be the broker?
Http://www.myfxbook.com/members/askew8/bm1/1108713
Http://www.myfxbook.com/members/askew8/bm1/1108713
Member Since Feb 09, 2010
224 posts
Dec 30, 2014 at 20:31
I was reminded of BlueMonkeys chart when I looked at this video on youtube. Looks remarkably similiar.
Hopefully the new updated version of Blue Monkey will work out better.
Hopefully the new updated version of Blue Monkey will work out better.
Dec 30, 2014 at 22:10
willgart posted:Banana123 posted:
And the lesson is clear: Do not trade against the trend and market sentiment...Or at least just aim for a minimal and conservative profit (closing targets) of long positions in a down trending currency.
again again again...
if you know the trend you rocks! you are the master!
so can you share your strategy? how did you know the trend?
Even if you close your one eye and see through the other, the chart will tell you a currency is trending or not. My friend my friend, the trend is your friend just ask Mr. Chart!!
Dec 30, 2014 at 22:10
bluemonkey posted:
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
=========== ANNOUNCEMENT
We did hit the SL but it was very unfair because our trades should have closed 2 times and they didnt due to our broker.
We will be changing broker.
A
Why are you blaming the broker. I find your argument is hard to believe. If what you're saying is true then send SL and TP value. But your system is covering that.
Now it's easy for you to claim anything.
Dec 30, 2014 at 22:26
willgart posted:Banana123 posted:
And the lesson is clear: Do not trade against the trend and market sentiment...Or at least just aim for a minimal and conservative profit (closing targets) of long positions in a down trending currency.
again again again...
if you know the trend you rocks! you are the master!
so can you share your strategy? how did you know the trend?
If I may chime in on this... I think recognizing the trend is not really an issue, because if the price is constantly going upward on the chart, we know the trend is up, and vice versa. The problem is to predict where and when the trend will end and turn around. Knowing this would make you a master! Based on my observation, most of the time BMEA actually does trade with the trend, but once in a while it got trapped in the trend reversal, and this what would blow your account!
Dec 30, 2014 at 22:32
Banana123 posted:willgart posted:Banana123 posted:
And the lesson is clear: Do not trade against the trend and market sentiment...Or at least just aim for a minimal and conservative profit (closing targets) of long positions in a down trending currency.
again again again...
if you know the trend you rocks! you are the master!
so can you share your strategy? how did you know the trend?
Even if you close your one eye and see through the other, the chart will tell you a currency is trending or not. My friend my friend, the trend is your friend just ask Mr. Chart!!
so how millions pips did you made by finding the right trend in 1 second no matter the time frame? :)
did you follow a MA 3, MA 14, MA 50, MA 200?
does the trend is M1 or D1? there is trends everywhere!!!! based on each person on each indicator etc...
does the expected target of this trend is 1 pip or 100pips? what's the SL you recommend... in case the trend is finally not the trend? :)
and if you can find the trend, when did you identify the trend is over? because we are still in a trend when we are at the top of a trend, just before a big reversal...
the trend is not enough... you have to know that the trend is expiring and you do not have to trade. so how did you know this critical case?
I found about 150 trend following strategies, most of them simply doesn't works... so following the trend is easy?
so please, explain YOUR trend following system. it will be certainly different from mine and from a lot of other traders. :)
the bluemonkey EA will be improved if you can share your holy gray...
Dec 31, 2014 at 07:51
All commonsense fundamentals of trend following are no meaning to the vendor!!! He had blown out his previous account and started with new broker and now again blaming broker!!! and not properly improving his martingale EA.
Be Vegan, Make Peace
Dec 31, 2014 at 07:51
jhnnavoigh posted:
ok thank you. Is Christmas, I'm more than relaxed 😇
Cheers.bluemonkey posted:jhnnavoigh posted:
yeah market is closed only for you. Update your account Alex we are not stupid.bluemonkey posted:glinjawi posted:
Why did the vendor stopped updating his statement ?
market is closed.
budd, you gotto relax, i just updated manually. the account is being updated on a regular basis.
Alex, how about now? How come the BM account in FPA has not been updated since 1948 minutes ago... and counting...
forex_trader_8565
Member Since Mar 12, 2010
106 posts
Dec 31, 2014 at 15:07
Member Since Feb 09, 2010
224 posts
Dec 31, 2014 at 15:16
We just need the improved and updated version to work with. Happy New Year.
