CanAm's Posts | Myfxbook

Blanket blocking by signal/EA/MT4/Indicator providers; eg FOREX21 in Suggestion Box May 29, 2015 at 19:57

Granted - there was as steep equity curve first (using your preloaded settings and (from memory) about 1% risk) .Typical of a 'trending' situation where any system can make money.After raising concerns about the level of 'bad' trades that were being held on to ONLY THEN did you start telling people to use DIFFERENT settings to what the package is shipped as.Essentially, BUYER BEWARE, yes, even on low settings it can make steady growth UNTIL (and this is where your POSTED results differ to peoples REAL results) in that you don't have the drawdowns that others do. There is ob...

Blanket blocking by signal/EA/MT4/Indicator providers; eg FOREX21 in Suggestion Box Apr 30, 2015 at 13:36

Hi MFB developrs, I have long subscribed to one of (and I use this only as an example as it probably happens elsewhere) FOREX21 's posts, namely http://www.myfxbook.com/community/trading-systems/powerflow-ea-3rd-acc-wwwforex21com/807392%2c14 The reason I subscribed to this post was that I was looking at one of his services, PowerflowEA. On joining his 'database' I was also introduced to "Andrew"'s (sometimes signed Alexander) FX PULSE news indicator/EA as well as several other products for sale. My post is in relation to a couple of points:NOT ANSWERING/ADDRESSING QUE...

PowerFlow EA (3rd acc) in Trading Systems Nov 17, 2014 at 06:07

The trouble with these 'account histories' is that there is no disclosure of open tradesDoes this have a fixed stop loss and if so how is it devised, ie; pips or % of capital?Looking at the big draw down amounts I'm suspecting huge stop losses so it hopes that the market will always reverse to the direction of your initial trade?Is it martingale? Does it double down?If it is in a losing trade will it allow more trades in the same currency in the same direction?what spread does it rely on to be profitable?

Tom'sEa WPFX LIVE in Trading Systems Jul 30, 2013 at 04:02

I have started getting junk mail for this one but my initial search for the MyFX account didn't turn anything up.So proud of their results that you can't go directly to myFX - just send you to their 'sign up for my spam' webpage. Always wary of that. :)

Tom'sEa WPFX LIVE in Trading Systems Jul 25, 2013 at 14:52

Ahhh - well spotted - I hadn't noticed that.Must be time to invest in his next project I guess?

Tom'sEa WPFX LIVE in Trading Systems Jul 25, 2013 at 02:08

As in your account.......

Tom'sEa WPFX LIVE in Trading Systems Jul 22, 2013 at 14:07

Hi DrewInteresting information.I don't know how the programming works, but, if you don't take the 1X trades then I would have assumed that it won't take a 3X trade, ie; If you ran it with "Auto trading" turned off or required confirmation then only took a non-1X trade then would not the next instance it finds be a 1X as it doesn't have to try and compensate for the current loss as it never toook the initial losing trade?

Tom'sEa WPFX LIVE in Trading Systems Feb 27, 2013 at 11:00

I kept following it until my u/n p/w stopped functioning just to see if the account would last. It had several pretty scary draw downs during that period.Strangely enough....when DP's next answer to Fx was released my old login died so maybe it was the support that stopped working rather than my p/w?Have you tried yours @flopps?If it still works I'd be interested to keep it going as by having the ea running forced me to watch the market more and look at what was happening. I'd mark my imressions on the chart (as to whether I thought it was a good bad time/direction to enter) when ...

Tom'sEa WPFX LIVE in Trading Systems May 31, 2012 at 11:42

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Tom'sEa WPFX LIVE in Trading Systems May 31, 2012 at 11:41

Tch tch tch - keep it civilI have walked the walk for almost 20 years - been through the good times, been through the bad times (Shares/CFD/FOREX) and I'm still in the market.My comment is in relation to this EA, which, I have run in demo mode for evaluation and waiting for it to prove itself, which it appears it will never do.....

Tom'sEa WPFX LIVE in Trading Systems May 31, 2012 at 10:35

But your DD that you can handle (no figure/% given) could be different to another person - its a psychological thing.My demo is RL1 - and the DD went from its 'normal' 25% up to 50% for the past couple of days.Even for someone with a high risk tolerance I would imagine that is unacceptable - especially considering its just the beginning!

Tom'sEa WPFX LIVE in Trading Systems May 30, 2012 at 14:03

DOH - as soon as I saw FapTurbo on the list I nearly choked with laughter - FapTurbo is one of the biggest EA scams ever - those boys made millions selling that dud and are still selling it - LMAO

Tom'sEa WPFX LIVE in Trading Systems May 30, 2012 at 11:06

In some cases I guess people end up using these EA's because they can't find services/managed funds that can do any better.Personally I've lost over 70k in professional services and managed funds which is why I won't use them anymore.In 15 years I haven't been able to find a single person/fund/service able to make a profit - not just Dustin, but other known names like Jason Fielder, Greg Secker and on and on and on.....The quest continues for my own trading to get beyond 'neutral' which is still better than the huge losses that all the professionals I have followed ...

Tom'sEa WPFX LIVE in Trading Systems Feb 27, 2012 at 04:39

Doh, two 600 pippers closed out - EUR/JPY - wiped out 1/2 of the profit since day 1 - and still holding 20% drawdown

Tom'sEa WPFX LIVE in Trading Systems Feb 09, 2012 at 14:48

Not saying yes, not saying no - basically I don't knowAccount allows hedgingDD is 10% currentlyThis is (lower than) the 'normal' level of DD I have experienced since the EA was first released.For a long period (majority) I have run at 25% which I would consider as "normal"This is based on a 10k+ account @ RL1%CheersSeth:)

Tom'sEa WPFX LIVE in Trading Systems Feb 09, 2012 at 00:52

Interestingly - some time back I was having HUGE DD when no-one else was, in fact Dustin claimed to be 'flat', now I am having only average DD while everyone else is having huge DD - weird.I wonder though if that is because for some reason no new trades have been added since 01 FEb on my account......

Tom'sEa WPFX LIVE in Trading Systems Jan 09, 2012 at 15:43

Mines really cranking it up now - Acc1 - 48 trades open - (+)13.94% Closed Trades and (-)29% Open Trades (face value).Acc2 (now closed as that demo shut down) - 26 Open Trades - (+)10.78% Closed Trades (-)2.6% Open Trades (face value)Acc3 - 40 Open Trades - (+)10% Closed Trades (-)14% Open Trades (face value)no loss of connection since 1st week Nov (thought I'd better get in there before someone else offers it as a reason):)

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 17:12

Hi FugheYes, the "Swap" is adding up to be a real cost due to the length of the open trades.Regarding VPS - having tried a few (none of which you mention though likely to be same/similar) they all shut down at various times or reboot or maintenance or blackouts or whatever you want to call it.I think VPS with EA's is a must but ONLY as a backup to your real PC/Connection - not to be relied upon.They are essentially a UPS just not in your own trading room.Ditto!!!Wishing everyone a pip filled 2012 and beyond - I know mine will be........Onward & Upward...............

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 15:24

Ouch, a few hours....even in the land of VPS its not unusual to lose contact for a couple of hours. And yes, something along these lines did happen. I didn't catch it striaght away as another indicator had text written in the top left - it woudl be nice if programmers gave an option on where (or indeed if) to place data in the window :)Current (longest running account) is +14.54% Closed Trades versus -20.35% Open TradesHaving said that I'm still following it with interest. Its not exactly money I can afford to lose, but at this point I am considering that its all part of an educational...

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 05:15

Hi FugheSeveral AudNzd all from early October and EurGbp since mid Nov

EURUSD	1.13734	GBPUSD	1.33691	AUDUSD	0.63941
USDJPY	142.976	USDCAD	1.38328	USDCHF	0.82505

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