Here is another screenshot on the EU. It has been buying in the full downtrend and just by pure luck has been able to close trade baskets until the downtrend continue. Stoplosses don't exist. the SL are continually moving downwards as new position levels are opened so they don't really have any useful value. Trade baskets have been 9 levels deep this far.
If it is trading according to wolfe waves then it seems strange that it is maintaining long pos during the full downmove.
This is a demo account trading 0.1 lots which is circa 3.3 times the size of vendors account. The last basket was 6 total lots with a max open drawdown of 4000 USD.. So according to this vendor should have shown a drawdown of 4000 / 3.3 = 1200 just for the EU pair. And it never showed.. strange.. 🙄
Trading this live takes stomach or a very little position size not to risk margin call / blow out. You will IMO need at least a leverage of 200 trading this in same proportions as vendors account here.
You are of course right, in a martingale or variation thereof stop losses are purely notional, they don't really exist. An earlier poster on here said he had done his analysis and this EA was alright as far as he was concerned. I am afraid he showed his naivety, lack of experience with martingale and his general ignorance! (Sorry, just please wake up.) Trading strategies such is this do not submit to conventional analysis. They can pay off in the short term as we are seeing, but in the end................ As you say a draw down will end without disaster as long as you are lucky lucky lucky..............that's gambling. At least in a casino you don't kid yourself.
I have been amazed that Borys or his developer man have been brave enough to post some charts. They are so clearly not Wolfe Wave, just like the one you posted, that he must have been trained in the BIG LIE by Goebbels (certainly not by Bill Wolfe). Say it often enough and people will start to believe it.
Just my little joke Borys, but expecting to be blocked now! At least you have not had any money off me.
Sorry to say Borys 35% DD is way to high for anyone. maybe you should have your programmer force your EA to do the oppsite this way it seems your EA would be trading the trend on every pair its trading your aganist the trend if it will do the oppsite you should make money.
When Investing patients will be the deciding factor.
Strong trending markets and high volatility are the best times to be trading you have been holding a large DD for almost two weeks now. Its is apparent in this case that you do not have any idea or formal knowledge of investing, trading in any type of financial market.
For example risk ratio should not be described in the form of lot sizing (0.3 - 0.2)... You should always know the equity at risk before a set of trades are placed or if only 1 stand alone trade is placed..
Borys you should always know the exact dollar amount that is at risk before an order is placed.
So please get a grip go back to the drawing board and start over and stop trying to pull hard earned dollars out of peoples pockets Wolfe Wave lose all your money at some point and time EA.😑😭
When Investing patients will be the deciding factor.
Hi, i agree with Forex_Swing_Trader and SandyW, the day will come sooner or later when your account will be wiped out!!! i`m not an expierenced trader and i traded a martingale because it seems good to pull your breakeven with you, but if the there is no retracement for a long time you will see how your loss will increase very very quickly and i was a few times close to a heart attack when i watched how my equity get smaller and smaller, so i´m lucky that i pushed the button the right time and not lost all!!!!
its all math and calculation and than everybody can see that its only working for a while and than BOOM and long faces!!!
i post an excel file here that may help a little bit to understand the risk, everybod can play along with that file and maybe find the perfect risk rathio to the account value, i didn`t!!!! 😞
So, i have one question in my own case, can someone here provide or give me an advice where i can find a very safe robot that makes about 5-7% a month!!!
This EA is now dead in the water. Anyone still trading it would be a total fool to continue. I refer anyone still reading this blog to posts by others who gave due warning, specifically SandyW who went to great lengths to explain and got blocked for his trouble by Borys who was unable to counter the points he made. And I myself too gave due warning.
Unfortunately, political and economic uncertainty in Europe broke our plans to gradually enter the summer market without a loss and maintaining profit with known price ranges and low volatility. Strong movement on GBPUSD pair in last 2 weeks without any sufficient retreats was unacceptable for WW strategy. Our expert can make the profit in sideways markets, strong trends can cause sufficient drawdowns. We are going to wait for sideway market with reduced market volatility, then try to trade WW strategy on H4 timeframe. Strong trends on H4 timeframe are less dangerous because distance between orders is great than on H1 timeframe (proportional to H4 average candle size).