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Profit Empire Robot (By profitrobot)
The user has made his system private.
Profit Empire Robot Discussion
forex_trader_8139
Member Since Mar 04, 2010
411 posts
Apr 11, 2014 at 17:04
raffus posted:
Hi all
i would like to open an account with €1000 for P.E.R.
How many risk settings are there inside the EA?
Is there an automatic money management that set the lot size or may use fixed lots?
How many orders open simultanely the EA or during the day?
i would like to avoid big DD and i would like to sleep during the night and stay ok during my working day....
i already blow up some accounts......
thanks a lot for your replies!
ciao
To be honest, then this system may not suitable for you. To avoid big DD then grid / martingale is not for you. Once a while big equity DD will happen naturally for all grid / martingale system.
Member Since Dec 15, 2010
784 posts
Apr 11, 2014 at 18:40
AT $1000 deposit and $100 a month lease fee, If you double your account in 10 months, your still at zero growth..
Click on my Name to see My Live Charts and Bio.
Member Since Feb 21, 2014
16 posts
Apr 11, 2014 at 18:49
empiremao posted:
it's going down now, EURUSD.
for me its more a pullback... currently EURUSD reach a support and will going up again...
remember... the trend is your friend?
H1 and H4 are in clear up trend... if you check M15 its down.... well... if you search for a specific direction you'll always find a signal or TF confirming this direction ;)
Member Since Oct 30, 2013
117 posts
Apr 11, 2014 at 18:51
Hi
Update Alert:
We Have to Update Our web server After Forex Market Close you can face some Disconnection from our server so Don,t worry about it ,
The maintenance window is scheduled to be - 8pm cst - 6am cst
Regards
Profit Empire Root
Update Alert:
We Have to Update Our web server After Forex Market Close you can face some Disconnection from our server so Don,t worry about it ,
The maintenance window is scheduled to be - 8pm cst - 6am cst
Regards
Profit Empire Root
Apr 11, 2014 at 18:52
pip2cash posted:raffus posted:
Hi all
i would like to open an account with €1000 for P.E.R.
How many risk settings are there inside the EA?
Is there an automatic money management that set the lot size or may use fixed lots?
How many orders open simultanely the EA or during the day?
i would like to avoid big DD and i would like to sleep during the night and stay ok during my working day....
i already blow up some accounts......
thanks a lot for your replies!
ciao
To be honest, then this system may not suitable for you. To avoid big DD then grid / martingale is not for you. Once a while big equity DD will happen naturally for all grid / martingale system.
But can we call PER a martingal or grid system?
buy low sell high
Apr 11, 2014 at 22:45
sebast posted:pip2cash posted:raffus posted:
Hi all
i would like to open an account with €1000 for P.E.R.
How many risk settings are there inside the EA?
Is there an automatic money management that set the lot size or may use fixed lots?
How many orders open simultanely the EA or during the day?
i would like to avoid big DD and i would like to sleep during the night and stay ok during my working day....
i already blow up some accounts......
thanks a lot for your replies!
ciao
To be honest, then this system may not suitable for you. To avoid big DD then grid / martingale is not for you. Once a while big equity DD will happen naturally for all grid / martingale system.
But can we call PER a martingal or grid system?
I would call it a variable grid. I only checked 2 baskets and the difference in pips between trades varied between 11 and 25. In a pure grid system, the pip gap would be constant. in a pure Martingale, each trade would be exactly double the size of the previous one (multiplier = 2). In modified Martingale, the multiplier can be smaller or bigger than 2 and may be variable among trades in the basket. PER is not Martingale because the lot size of each trade is held constant. If i am wrong about any of this, somebody please tell me. As of now, I believe that PER is using a variable grid combined with some very effective combination of technical analysis and experienced judgement to determine entry and exit prices and placing the trades manually, subject to the parameters in the EA inputs screen. Whatever their system is, they are doing something right for the past 7+ months. Let's hope they don't get over confident and start making mistakes. But I fear it is just a matter of time, and I hope that time is not now!!!
Make it, or break it!
Member Since Dec 15, 2010
784 posts
Apr 12, 2014 at 01:44
(edited Apr 12, 2014 at 01:47)
A number of my own grid EAs with martigales have the same lot size. Just double or larger the number than normal of multiples of 2. instead of trading on loosing trades a .02 , 04, 08,.16 ect, its trades perhaps 2 trades of 0.2 then 4 trades at .02 then 8 trades at 0.02, ect...
this is esp true if gridding and the martingale is on. SOme brokers dont (like) or allow martigales and this is one way we can get around it using a EA. ( if your using the bonus to trade) The EA must be writting to do this. Some grids and martingales may use a varible ladder setup. 0.2, 0.4, 0.8 then decending .08, 0.6, 0.4, 0.2 Normally the EA profits within the first 4 trades, if it goes longer, the EA can still follow its logic and then decends the size of trades to help but not prevent a blown account. If your lucky, the ea closes the previous trade at a loss and doesnt carry it and the other loosing trades to the end (grid basket). If anyone wants a martingale with grid, let me know, and I can send you one of my designs to back test and demo on.
P53
this is esp true if gridding and the martingale is on. SOme brokers dont (like) or allow martigales and this is one way we can get around it using a EA. ( if your using the bonus to trade) The EA must be writting to do this. Some grids and martingales may use a varible ladder setup. 0.2, 0.4, 0.8 then decending .08, 0.6, 0.4, 0.2 Normally the EA profits within the first 4 trades, if it goes longer, the EA can still follow its logic and then decends the size of trades to help but not prevent a blown account. If your lucky, the ea closes the previous trade at a loss and doesnt carry it and the other loosing trades to the end (grid basket). If anyone wants a martingale with grid, let me know, and I can send you one of my designs to back test and demo on.
P53
Click on my Name to see My Live Charts and Bio.
Apr 12, 2014 at 02:29
Professor53 posted:
A number of my own grid EAs with martigales have the same lot size. Just double or larger the number than normal of multiples of 2. instead of trading on loosing trades a .02 , 04, 08,.16 ect, its trades perhaps 2 trades of 0.2 then 4 trades at .02 then 8 trades at 0.02, ect...
this is esp true if gridding and the martingale is on. SOme brokers dont (like) or allow martigales and this is one way we can get around it using a EA. ( if your using the bonus to trade) The EA must be writting to do this. Some grids and martingales may use a varible ladder setup. 0.2, 0.4, 0.8 then decending .08, 0.6, 0.4, 0.2 Normally the EA profits within the first 4 trades, if it goes longer, the EA can still follow its logic and then decends the size of trades to help but not prevent a blown account. If your lucky, the ea closes the previous trade at a loss and doesnt carry it and the other loosing trades to the end (grid basket). If anyone wants a martingale with grid, let me know, and I can send you one of my designs to back test and demo on.
P53
you are right! there are a lot of strategy variations that can be called Martingale. i apparently referred to the simplest one:
A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. The martingale strategy has been applied to roulette as well, as the probability of hitting either red or black is close to 50%.
There are others described here: http://en.wikipedia.org/wiki/Martingale_(betting_system) or here: http://en.wikipedia.org/wiki/Martingale_(probability_theory)
Make it, or break it!
Member Since Feb 21, 2014
16 posts
Apr 12, 2014 at 07:24
yes, its a grid system.
they don't increase the lot size, so its not a martingale... but opening multiple trades and closing this in batch for me its a grid.
you'll do everything possible to finish on profit... even loosing your account.
they don't increase the lot size, so its not a martingale... but opening multiple trades and closing this in batch for me its a grid.
you'll do everything possible to finish on profit... even loosing your account.
Member Since Feb 21, 2014
16 posts
Apr 12, 2014 at 07:24
Professor53 posted:
AT $1000 deposit and $100 a month lease fee, If you double your account in 10 months, your still at zero growth..
they don't increase the fees to 120$ / month ? :)
Apr 12, 2014 at 07:30
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
buy low sell high
Apr 12, 2014 at 14:28
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
any information is appreciated
Member Since Feb 21, 2014
16 posts
Apr 12, 2014 at 14:28
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
No matter the name, the result is the same... increasing the risk instead of accepting the lost when a trade was not so good.
its not a bad thing.
The key point is:
when the trader will accept the lost?
when X% of the account is lost? or when there is a margin call?
'Averaging down' appear to be a strategy where the trader close the trades in lost and reduces its DD.
if you wait for a MC, the name of the strategy is not important, its a "win or cry" strategy, and the vendor has to be clear on this.
did you associate "risk free system" to a system which can do a margin call? in my vocabulary its not a risk free system.
check how many people starts to be inconfortable and starts crying because the DD is high?
its because they are not aware of the real risk...
the vendor must be clear on how he manage the risk, when he close the trades, what is the emergency close level etc...
does they'll get their 120$ monthly fees if they produce a bad -50% month? or do they don't care?
like an insurance... if you are ready for the bad, you can live without stress.
well.. wait and see... Monday will be a long day :)
Apr 12, 2014 at 21:21
sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
you are wasting your time IMHO. you are right that they are averaging down. that is what all grid and martingale systems do. but here, the pips between trades varies all over the place. they must have some technical trade setup rules for both entries and exits, and they are not going to tell you what they are, so you cannot replicate their strategy.
Make it, or break it!
Apr 13, 2014 at 07:01
SimpleComments posted:sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
No matter the name, the result is the same... increasing the risk instead of accepting the lost when a trade was not so good.
its not a bad thing.
The key point is:
when the trader will accept the lost?
when X% of the account is lost? or when there is a margin call?
'Averaging down' appear to be a strategy where the trader close the trades in lost and reduces its DD.
if you wait for a MC, the name of the strategy is not important, its a "win or cry" strategy, and the vendor has to be clear on this.
did you associate "risk free system" to a system which can do a margin call? in my vocabulary its not a risk free system.
check how many people starts to be inconfortable and starts crying because the DD is high?
its because they are not aware of the real risk...
the vendor must be clear on how he manage the risk, when he close the trades, what is the emergency close level etc...
does they'll get their 120$ monthly fees if they produce a bad -50% month? or do they don't care?
like an insurance... if you are ready for the bad, you can live without stress.
well.. wait and see... Monday will be a long day :)
The current DD is high yes it can be better, defenitly last sell trades in such a stong upward move, was better to wait till weakning of the uptrend like last friday. But i do not think PER is opening multiple sell positions if he is not sure PER's targets will hit shortly. I will also not risk 50% of my account, i do not think PER also, look at his account balance +100K, it is not logic he will risk 50% of his total balance either if he is not sure don't you think guys? that would be fullish. PER delivered only positive pips every month for many months, that means you can trade. Hopefully PER will take in consediration to take trades later in the oppisite direction in stong movements to prevent large DD's.
Looks like a top is reach on EUR/US, hopefully we get a stong movement down comming week, that will be our week :)
Take care!
Apr 13, 2014 at 07:02
doegie posted:sebast posted:
I made my research and analysed the history of PER, I have downloaded all the history file into a CSV, redraw trades on a MT4 chart and analysed the strategy and I can tell you guys that it's neither a GRID nor a MARTINGALE. This EA is using a very known strategy called "Averaging down".
I'm currently recoding the strategy for my self. I'm just trying to understand what are the criterias for exiting trades.
you are wasting your time IMHO. you are right that they are averaging down. that is what all grid and martingale systems do. but here, the pips between trades varies all over the place. they must have some technical trade setup rules for both entries and exits, and they are not going to tell you what they are, so you cannot replicate their strategy.
I have reproduce PRE (entry and exit criteria are not 100% the same than PRE as my broker is different) and I can say that if the leverage is properly set the draw down can be really low. The profit will be of course more realistic than PRE... Expecting 40% per year instead of per month...
I think it's a very good strategy, the only think I would suggest is to reduce the leverage because I don't think it will be easy to go to sleep with a draw down bigger than 20%. ;-) and anyway 50% profit per month, it has to involve big DD, stop being naive.
buy low sell high
