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KeltnerPRO - Jared (By keltnerpro)
| Gain : | +5645.75% |
| Drawdown | 58.74% |
| Pips: | 4744.8 |
| Trades | 1003 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Unknown |
KeltnerPRO - Jared Discussion
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 03, 2015 at 22:49
(edited Apr 03, 2015 at 23:08)
The Good Friday massacre - a cold bloodbath, no less:
Member Since Apr 25, 2013
102 posts
Apr 03, 2015 at 22:54
Yeah... and still no answers and/or updates from Jared... 😐
Patience, focus and self-control to win the game with diligence.
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 04, 2015 at 01:16
Note how the vendor quietly dropped USDCHF from his live trading in addition to the previously dropped AUDUSD and NZDUSD - otherwise, he would have those today's USDCHF losses on his account too.
Member Since May 20, 2011
694 posts
Apr 04, 2015 at 01:17
Im telling you just trade EURUSD with this and you wont cry so badly. I got creamed today no just with this EA but others but you dont see me running to myfxbook whining because it takes one loss, You have to understand the long term this will happen.
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 04, 2015 at 01:18
FXtrader2010 posted:
Im telling you just trade EURUSD with this and you wont cry so badly. I got creamed today no just with this EA but others but you dont see me running to myfxbook whining because it takes one loss, You have to understand the long term this will happen.
What other EAs are you running?
Member Since May 20, 2011
694 posts
Apr 04, 2015 at 01:40
VictorTous posted:
Patience, focus and self-control to win the game with diligence.
USE IT!
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 04, 2015 at 03:49
If you look at the above charts, you'll see it has traded per its strategy. However, the greenback's downfall has reversed before the bot could take any profits. This has been periodically happening with this EA in the past and will be happening again. My screenshot rather demonstrates the perils of running this bot on too many pairs.
I wonder how it will trade on the 9th if there's Graccident. Will it rape my broker, so that I will have to request an urgent withdrawal of the full amount before my broker files for bankruptcy?
I wonder how it will trade on the 9th if there's Graccident. Will it rape my broker, so that I will have to request an urgent withdrawal of the full amount before my broker files for bankruptcy?
Member Since Nov 20, 2014
91 posts
Apr 04, 2015 at 06:02
(edited Apr 04, 2015 at 06:03)
Based on what is read in this forum, and no answers by the vendor himself, I dont see any interest in anyone wanting to buy this EA...
Its just a headache and too much stress to worry about because the vendor supplies a manual on what pairs to run, but it does not work and he is too afraid to post anything here ...
Rather go here and learn how to trade price action and move on... its all for free and you will make more money...
http://forexwinners.ru/the-dynamic-swing-trader/
http://forexwinners.ru/category/systems/
====== $$$$$$$$$$$$ =======
Its just a headache and too much stress to worry about because the vendor supplies a manual on what pairs to run, but it does not work and he is too afraid to post anything here ...
Rather go here and learn how to trade price action and move on... its all for free and you will make more money...
http://forexwinners.ru/the-dynamic-swing-trader/
http://forexwinners.ru/category/systems/
====== $$$$$$$$$$$$ =======
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 04, 2015 at 07:17
Don't you think you could double your account instead due to the expected huge market moves?
Member Since May 20, 2011
694 posts
Apr 04, 2015 at 07:19
Why not make your own system then if you think this one is so bad? Make your own holy grail and you will only be able to become angry at yourself. That way you know exactly what will work and what wont. I guarantee you will not even get close to this system over the long term in its consistency. Lets see any manual trader that has 1:2 risk:reward with >30%DD and earns over 30% return per month! Over 2 years! Slim to none. You guys are confusing what is a bad system with your own lack of patience.
Apr 04, 2015 at 07:25
The problem with this EA and most other EAs is they are not able to cope with large market moves, its that simple! any EA trading on reverses is going to get murdered when the market goes mad and starts spiking, the only thing to do when things like this happen is switch the EA off, and don't trade the massive news events. Its always possible that you will get lucky and the EA will trade the right way and make money, but i think in the long term you are better off just not trading them.
Member Since Nov 20, 2014
91 posts
Apr 04, 2015 at 07:26
FXtrader2010 posted:
Why not make your own system then if you think this one is so bad? Make your own holy grail and you will only be able to become angry at yourself. That way you know exactly what will work and what wont. I guarantee you will not even get close to this system over the long term in its consistency. Lets see any manual trader that has 1:2 risk:reward with >30%DD and earns over 30% return per month! Over 2 years! Slim to none. You guys are confusing what is a bad system with your own lack of patience.
====
Very well said... One can also start here with Traders Gift... Pure Price action, Download the EA for free, it has thousands of setups, and set files already setup to trade.........
AND
The owner gets involved to make it a better product ....
http://www.forexfactory.com/showthread.php?p=8184797#post8184797
All downloads are on the forum....
============
forex_trader_67253
Member Since Feb 26, 2012
92 posts
Apr 04, 2015 at 19:02
In addition to a bunch of closed Friday's losing trades, I have quite a few left open over the weekend, as seen in the screenshot below. As we wait for the Monday opening, let's play a small guessing game as to their eventual fate. Will USD open higher or lower across the board next week, in your opinion? Why do you think so?
Member Since Mar 22, 2010
30 posts
Apr 05, 2015 at 04:07
btanalysis, you will have your trades closed in profit tomorrow. How do I know? The big USD 15-minute bar which led to the buy signal had a proportionally higher volume than the smaller bar which preceeded it. However, if the big bar had a smaller volume than the preceeding smaller bar (like what happened on January 15 on USDCHF - see my screenshot below), you would be screwed.
A breakout is not a breakout if it's not substantiated by volume. Unfortunately, this EA does not account for the volume of the bar which leads to a trade. I wrote to the vendor about it but that's about as much as I could do.
Have a drink, relax, and enjoy the rest of your Easter weekend. :)
A breakout is not a breakout if it's not substantiated by volume. Unfortunately, this EA does not account for the volume of the bar which leads to a trade. I wrote to the vendor about it but that's about as much as I could do.
Have a drink, relax, and enjoy the rest of your Easter weekend. :)
Attachments:
forex_trader_165856
Member Since Dec 03, 2013
599 posts
Apr 05, 2015 at 06:18
@btanalysis - Yes, your interest in backtests are viable for what to expect in future. It is just that many commercial vendors curve fit their backtests to 1000+ iterations to post beautiful and very unrealistic results so many people in forex forums no longer trust a backtest, but all in good reason.
forex_trader_165856
Member Since Dec 03, 2013
599 posts
Apr 05, 2015 at 06:18
High volatility, turnoil and news events are ideal situations for breakout systems. If markets are unpredictable then system does well with the large market moves. Once the market slows down, performance falls quickly from many entries at support/resistance reversals. @btanalysis If you go through the FGB trading history you will understand a lot more than worth debating with traders that run the system.
forex_trader_165856
Member Since Dec 03, 2013
599 posts
Apr 05, 2015 at 06:19
btanalysis posted:and that is when developing the system is worth the time to reinvent the wheel. Once you understand the system you can rebuild it allow further development with more variables for adjustments.
I would have no problem if I had more settings open to experiment with. Yet the vendor has opened very few basic settings only.
Apr 05, 2015 at 06:20
btanalysis posted:
I am not a vendor of EAs and don't stand to become one.
Man stop whining!If you dont like this EA just stop trading.Keltner pro was made to be autopilot ea.If Jared unlocks TP/SL parameter people will start optimizing it and loosing money.After that you know probably what will happen some noob traders will post to forums that Keltner pro is scam it not work etc etc."starteris" user already suggested to you to run only eurusd pair with your desired risk if you feel its too stressful to run all pairs from manual.pdf.
