Hmm.... It indeed trades without any stoploss, and he just added another 500 deposit just minutes ago to keep it from margin calling. I expected more from this developer as he had so much enthu and was so energetic in the early stages when we were discussing Forex Identity. Now he just ignores all e-mail requests and just tells people to hop on to bitcoin just to fulfill his NO REFUND POLICY.
If you are releasing such an EA that could potentially wipe accounts, of course you'd want NO REFUNDs on it.
I'd still appreciate if you would clear yourself up on this.
I have no idea why he's gone down this path, but I'm pretty sure his only concern is $$ sales thru EA in his bank, and not trading.
I think he is trading to the limits of this EA. But seriously, even if you divide the risk with 4 the profits are still ridicillously big. That is a good way to lower drawdown. But I will test this after I have this. Everything what I've discussed with the developer, I think he is a very talented and good vendor.
Hi villus, I do agree that he's quite a developer and probably trader, it probably got to me that he's ignoring my emails and Skype requests. I've bought identity back in November but has never used it yet because I still thinks that there's gonna be better improvements. He's said to wait for January for the new releases and I've waited all this while in good faith. Still I do not find Identity to my liking, but that is another story for another time. I still believe he has the skills and knowledge to get things right with it.
For this super Renko scalper, I'm putting renewed faith seeing the extraordinary returns, but I'll prefer get more information on it. Secondly, I've to spend about 160Usd in my country to get that 8 Bitcoins and wait a week for the transaction to go thru. Despite mailing him requests for alternatives, I've been working my way to getting those Bitcoins and hopefully secure this EA as part of my folio.
I also notice that the only way to find out more information regarding is Renko Scalper is to purchase it, as there isn't much technical information regarding the EA on the site. But the purchase process is what is bothering me, It's not the price, it's the process and difficulty in securing it. And least to say no support from Will.
I like Bitcoin because it is based on true Supply and Demand and I'm also heavily invested in bitcoin. Selling Software allows me to acquire more without the merchant fees associated with regnow, or click2sell.
@PureLife - My account bal was 800 and Equity at 400 at 1 point ( 50% DD ). I didn't need more funds to stay alive but having extra funds allows me to not worry about the account. I've been extremely busy today and I haven't had time to do much monitoring. I turned off the EJ Shorts right before the huge spike on JPY, then I just checked the account a few times in the last hours to adjust the lotsize. I wasn't using a trend filter, which I should have. I wasn't expecting a massive retrace but only some choppy action for the rest of the week. That wasn't the case. If I haven't responded on skype, it probably means I have way too many PMs and I'll do it when I can. I sent out an email blast yesterday that summed up all the questions about ERS therefore I didn't respond to any direct emails. Check your spam folder, as It may have ended up in there from all the External Links. Also for Singapore Bitcoins - --> https://www.sgitcoin.com/
As Far as Forex Identity I think the latest setting and version is doing very well. -https://www.myfxbook.com/members/pipinvestmentbot/forex-identity-x9-tf/460753 I can't ask for anymore from a Margrid system. I've tried all the Hedging Theories through out December even your idea Alan. However, in a Backtest, results were never a good confirmation. The best idea is running several Logics on the same currency pair. like have 3 EURUSD charts all with different setting therefore the Basket Levels are skewed.
If you have any questions about the scalper, please ask through PM. I'd like to keep the setting + Manual private.
You missed my point. From my commercial view of marketing it is nonsense to sell a product through a complicated process, like this strange Bitcoin. It holds a lot of people back from the purchase, me included. If you are interested to get me as your client under 'normal' conditions, like a solid and safe credit card purchase, than feel free to pm me...
please stay cool- here is not the place to blame anybody. The Renko Scalper is a wonderful thing even on real account. Sure, at first it is not very easy to handle with bitcoins- but it is worth it. Do not forget, that this system is shown on real account- that is fair. Many others are showing hugh gains on demo and if you got the EA you will see it is nothing worth because it does not handle on real account- I speak on my own experience.
For that I am very satisfied with this product and Will gives you a very good support- therefore I say thank you very much, Will. Kind regards, Thomas.
@pc8multifx I understand completely and I do agree with you. From a marketing prospective is it foolish for me to only accept bitcoins and as a result potential customers do struggle with finding ways to get bitcoins. Its easier for some ( 30 countries ) to use https://www.bitinstant.com/ which allow the customer to walk into a store and Buy the bitcions. However, its still not as easy as punching in the credit card numbers and clicking Submit. If I ever plan to offer Clickbank, I'll mention it.
And another member suggested to use the Myfxbook Outlook to Trade Against the Herd ( retail traders ) when 80% of the traders are Going in the Same direction. - https://www.myfxbook.com/community/outlook - For example, we would be Buying on the EURGBP trend while 91% of the Myfxbook members have been selling. Its an interested insight that I'll pay closely attention to.
For now I'm still trading BUY on GBPJPY and just started to add some Sell orders
Despite my previous skeptism, after some research. Bitcoins is not as shady as it seems, the process might be complicated, but I'm sure the vendor has his own rights to how he wants it sold.
I spent about 3 days going through the painful process of
1. Creating the wallet. (Mt.Gox / Weusecoins / Bitinstant) 2. Finding a respectable exchange in Singapore. (FYB-SG) Sgitcoin is too shady, it is not a exchange, it's just a reseller. 3. Getting the funds into the exchange (2 days) 4. Securing the coins. (Thin SGD Bitcoin market, less than 20 coins traded per day) 5. Buying the EA, and waiting for confirmation 6. Attaching to charts and figuring out the settings.
I'm still relative new to this EA as I've only just got it and still figuring things out. I'd say that this is simply not a set and forget EA, but it's definitely one of its kind in this market.
I'll be back to review it further after I got it figured out.
And after 1000 Trades in a single week, the difference in results can be staggering. A 500 Pip Difference. Now Armada Markets slippage is minimal and this will play a huge role in overall performance, but I can't stop thinking about an Extra 500 Pips if I were at fxpig or IC markets. Food for thought.
This system is not scalping. It is simply range trading and it closes some trades every once in a while once it hits a little profit. I can explain to you how a scalping system works if you are not familiar.