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Channel Trader PRO (By channeltraderpro)
| Gain : | +2137.11% |
| Drawdown | 33.68% |
| Pips: | 2948.2 |
| Trades | 589 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Automated |
Channel Trader PRO Discussion
Nov 12, 2015 at 15:26
cpyu99 posted:
Sound right, I am learning how to use the risk by ratio option instead of fixed lot. but too little trade cannot test it out. Anyone use the risk by ratio here ? How that's work ?
Well, check the statistics. Average loss is seven times bigger than average win. That is kind of ok if the winning ratio is 98% but if you check the performance of the EA during the last two months that proportion is not the case at all.
In other words, if you want to win a reasonable profit per month you have to put at risk an inmense part of your capital…and so far the results are disappointing.
Personally, once the deal open is closed (and I am afraid will be with another loss) I put the EA to sleep until I see the performance comes back in track. However I do not believe this will be the case.
Let's face it. The performance of this EA is literally impossible (Without huge equity swings, of course).
Member Since Apr 25, 2015
66 posts
Nov 12, 2015 at 20:13
"In other words, if you want to win a reasonable profit per month you have to put at risk an inmense part of your capital"
If you risk an immense portion of your capital you will be headed to blowing your account no matter what EA you use. No matter the win rate. An EA or a system with a 60% win rate can be very profitable if the user has good money management and good psychology. A psychology like the turtle who takes it slow and steady. This trying to be a millionaire tomorrow psychology or "win a reasonable profit per month" psychology is like trying to be the rabbit and run fast and get there tomorrow. You're gonna get burnt out. Some of the best fund managers on Wall Street only doing 60-80% a year for their clients. That's an average of 5%-7% a month. They risk 1% or 2% of their equity per trade. They've already done the "immense part of their capital" mistake and had their never ever again moment.
There is only one optimal percentage of your account to risk per trade and many suboptimals. And 2x the optimal will just break even and anything more than that will lead to you losing money even with a 90+% win rate system. The order you win or lose in doesn't matter. When using an ea you're sole job is money management and risk management.
If you don't agree or don't understand what I'm saying Google or YouTube the Kelly Criterion or Kelly Curve
If you risk an immense portion of your capital you will be headed to blowing your account no matter what EA you use. No matter the win rate. An EA or a system with a 60% win rate can be very profitable if the user has good money management and good psychology. A psychology like the turtle who takes it slow and steady. This trying to be a millionaire tomorrow psychology or "win a reasonable profit per month" psychology is like trying to be the rabbit and run fast and get there tomorrow. You're gonna get burnt out. Some of the best fund managers on Wall Street only doing 60-80% a year for their clients. That's an average of 5%-7% a month. They risk 1% or 2% of their equity per trade. They've already done the "immense part of their capital" mistake and had their never ever again moment.
There is only one optimal percentage of your account to risk per trade and many suboptimals. And 2x the optimal will just break even and anything more than that will lead to you losing money even with a 90+% win rate system. The order you win or lose in doesn't matter. When using an ea you're sole job is money management and risk management.
If you don't agree or don't understand what I'm saying Google or YouTube the Kelly Criterion or Kelly Curve
Member Since Nov 18, 2015
241 posts
Nov 20, 2015 at 10:05
hello guys i am new here. should i buy this EA or wait for some time and watch? Cus it seems its not been trading gor some time after the last losses...
Thanks.
Thanks.
Member Since Jun 19, 2015
41 posts
Nov 22, 2015 at 01:13
No.. it's not free.. www.channeltraderpro.com/indexPP.html to get your copy.
Member Since Jun 29, 2015
23 posts
Nov 23, 2015 at 07:36
All the systems under "Doug Price" last for a couple of months then become rubbish and he simply creates another one and repeats the cycle..
Member Since Jan 03, 2015
36 posts
Nov 25, 2015 at 11:47
Weird, the EURJPY trade today did not execute on my platform 😞
Member Since Jan 03, 2015
36 posts
Nov 30, 2015 at 09:54
I have the same problem with the current EURJPY, it shows in the master open orders but did not place a trade in my system. I see from the MT4 journal it is trying to place a 2 lot trade which fails as I do not have enough money in the account. I will need to check the setting as I had set it to 0.05 but I see now that it is set to lot scaling and not custom lot which is very weird.
Member Since Jan 03, 2015
36 posts
Nov 30, 2015 at 09:54
dammit, it now placed the trade but far too late. Hopefully it will go down further.
So the answer is check the lot size and whether the EA is set to lot scaling.
So the answer is check the lot size and whether the EA is set to lot scaling.
Member Since Sep 09, 2015
10 posts
Dec 01, 2015 at 07:30
if your lot sizes are set wrong, it won't trade. If still having issues, email me.
Member Since Sep 08, 2014
27 posts
Jan 13, 2016 at 08:17
The problem is Doug Price has too many similar products. Some perform good for a while and then become earning like 1% per month. It's difficult to see which EA can really work long lasting. Yet the results are all real.
