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MFM7 (By ex4systems)
The user has deleted this system.
MFM7 Discussion
Oct 24, 2016 at 07:13
My account by my own setting : https://www.myfxbook.com/members/nonameb3/real-tickmill/1617817
Oct 25, 2016 at 07:01
I don't blame the EA at all. I should have turned off GBP knowing the risk during this volatile time so my fault on that. It has a stop loss feature that might have saved me from going into the neg but I don't think it would have saved all that much. The gap was so large it would have had massive slippage. Either way anyone with long positions in GBP was done for.
I made 20% the month prior to the crash. The months before that have always been 10% plus. This is using 1.0 as the lot multiplier and using "dynamic lots" with the MM tool on true. Really, you can plug and play this ea. Hoping to get my account back up quick so I can start trading again and MFM (5 and 7 combined) is the only EA I need to do it!!
But I think I'll use Forex Flex too:)
I made 20% the month prior to the crash. The months before that have always been 10% plus. This is using 1.0 as the lot multiplier and using "dynamic lots" with the MM tool on true. Really, you can plug and play this ea. Hoping to get my account back up quick so I can start trading again and MFM (5 and 7 combined) is the only EA I need to do it!!
But I think I'll use Forex Flex too:)
Choose a good reputation over great riches (PROVERBS 22:1)
Oct 26, 2016 at 06:53
MFM obviously is a good EA. However, I found discontinuing MFM5 without informing his client as shocking. 90% of the trades shown under MFM7 were done by earlier version he cannot claim the success of 5 and not it's failure.
obatelsystems@
Member Since Jun 27, 2014
98 posts
Dec 05, 2016 at 12:35
It is a very passive system. To me it seems this is an effect because of the formidable crash the MFM5 system had a couple of weeks ago.
As I said before, both MFM are strong EA's. But the information policy of the creator is not.
As I said before, both MFM are strong EA's. But the information policy of the creator is not.
You haven't been around lately.
Jan 06, 2017 at 16:09
blown 2 accounts with mfm5 and mfm7
its good with range market but with news. it crashes! whats shocking is vendor trade is different from client trades. thats why you can see the vendors is still surviving while other clients accounts already crashed
its good with range market but with news. it crashes! whats shocking is vendor trade is different from client trades. thats why you can see the vendors is still surviving while other clients accounts already crashed
Plan your trades and trade your plans.
Jan 06, 2017 at 19:04
(edited Jan 06, 2017 at 19:05)
tankbeta posted:ryang123 posted:
Asian scalpers do not work during times of high volatility.
how is your mfm7? is it still running?
I like your quote, plan your trades....!
I took mine down at the beginning of december. Had too much volatility going on. It does great when S/R holds but that is only during slow times of the year. If you look at my MAM, NJFX, you can see a huge loss (about 12%) on 11/28. That was partly because I hedged the trade the MFM7 took. Later after that, it totally blew my test account labeled MFM5 and MFM7. I was testing different risk levels with this account and it was somehow left on over Italian referendum. That was just careless on my part, knowing it can not trade during times like that. For now, on the MAM, I'm running Flex EA and some good 'ol discretionary trading! Also running Funnel Trader on a separate account and small test account with Inertia Trader, both doing great.
Choose a good reputation over great riches (PROVERBS 22:1)
Jan 08, 2017 at 14:33
RedRhinoFX posted:tankbeta posted:
blown 2 accounts with mfm5 and mfm7
its good with range market but with news. it crashes! whats shocking is vendor trade is different from client trades. thats why you can see the vendors is still surviving while other clients accounts already crashed
It was the GBP flash crash that demolished the clients accounts. How the vendor avoided that spike is unknown to us.
a good review for future buyers of mfm7.
Plan your trades and trade your plans.
Mar 01, 2017 at 07:35
I have bought it recently. I didn't set all pairs,on these i set , there is poor matching between my and vendor account. But i am running this for several days only. I had send several questions to support and was not responded.
Tradergena@
Member Since Jun 27, 2014
98 posts
Mar 27, 2017 at 12:23
MFM7 took a BIG dip March 15, 2017, USDJPY. Ca.12% Not sure what happened there. It is suprising there was no stop active.
You haven't been around lately.
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