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FX Cure EA (TEA Free)
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guisantos23

Biedrs kopš Oct 28, 2013  9 ieraksti Guilherme Santos (guisantos23) Feb 20 2014 at 08:31
Hi All,

This is my first post here.

I'm testing two demo accounts since the end of January (multiplier 0 and 1). Both MT4 are on the same VPS and did not restart at any time.

If you want to see the results and follow:

https://www.myfxbook.com/members/guisantos23/tea-free-2k-r1m0/817430
https://www.myfxbook.com/members/guisantos23/tea-free-2k-r2m1/815291

Hope this can help.

Cheers,

Guilherme

Tradydave

Biedrs kopš Oct 03, 2013  62 ieraksti Tradydave Feb 20 2014 at 08:59
Hey all,

For Crane : although my first demo didn't have them, my IBFX demo had all the GBP trades opened when you mentioned them. Almost all closed today.

For Drew : thank you for the explanation about the mechanism.
As per Guilherme's post : is there any interest to run FXCure with multiplier x0 vs TEA ? Or does that make it plain and simple TEA ?

Cheers,

David

ForexCure

Biedrs kopš Jan 01, 2012  147 ieraksti Drew (ForexCure) Feb 20 2014 at 17:55
TD: Yes, when you run FX Cure EA against Tom's EA (TEA), you will notice differences in that some of the Sells on TEA do not follow the 1X, 1X, 1X, 3X, 6X, 9X, 12X pattern. I have closed CADJPY trades with 4 or 5 12X trades, in a row!

My programmer, Andri picked that out, and I just witnessed it.

FX Cure seems more level-headed. Mind you, we really haven't had a major market MENTAL swing like JPY November/12 and AUD$ after that. Markets are realtively stable now.

Guilherme has really aggressive settings for the size of his equity, but i am sure it is not sustainable.

Personally, after the new Code re-write and some testing, I'm going in with real $$10,000$$ on RoboForex Cent account. (So, 1M cents!) And 'tune' the lot sizes to present 15%/mo. maximum, for sustainablility. I do not want to be stuck in front of a screen manual trading nor worried about a 85% drawdown.

That's why most of us are here checking out this FX Cure EA right?

-Drew
==============================================================

Waant aal, lose aal, man...
dvejny

Biedrs kopš Feb 20, 2014  2 ieraksti dvejny Feb 20 2014 at 22:19
Who tested in real account? any experience?

best cashback for ic markets 1,6usd. For armada 10%. Best cashback for other 30 brokers.
ahmed124

Biedrs kopš Jan 16, 2014  2 ieraksti FXTrader (ahmed124) Feb 20 2014 at 22:20
sorry but I don`t understand what you guys are talking about.

What`s the name of the EA? i search for fx cure on google and couldnt find anything

Please let me know

ForexCure

Biedrs kopš Jan 01, 2012  147 ieraksti Drew (ForexCure) Feb 21 2014 at 00:39 (labots Feb 21 2014 at 00:40 )
Hey dvejny and ahmed124. Welcome! And I hope you will participate after reading below....

The name of the EA is 'FX Cure' and it's EXPERIMENTAL right now. So no one should be using a Real account with it.
You can test it (version 0.94) for $15 by sending a PayPal request to imfxab@gmail.com.

It's based on Tom's EA (which I've called 'TEA' in this community discussion) where there's a lot of info on the Internet.

TEA is a parabolic-progressive Martingale Forex trading system. There are 20 Lot progressions that try home in on a
Take-Profit (viz.: 1X, 1X, 1X, 3X, 6X, 9X, 12X, 15X, 21X, 27X, 33X, 39X, 35X, 55X, 65X, 75X, 85X, 95X, 120X, 140X).
And several trades are combined, as necessary, in a 'basket of trades' where the net total results in a profit when the basket
of 2 or more trades is treated as one single order and closed at the same instant - by definition of a Martingale system.

Anyway, after a couple of years experimenting, I noticed that all the 1X orders, when combined, result in a Negative total
after several thousand trades and so they drag down your profits, AND form about 88% of ALL trades AND keep your
Equity always in a negative balance - thus needlessly increasing your chances of blowing your account.

I thought about how I could use TEA and 'filter out' the 1X trades, and only trade 3X and larger orders. The solution
was a Trade Copier program. The best one is free as far as I am concerned: https://www.mt4i.com/appstore/app.aspx?id=2
And there's nothing wrong with filtering trades that way - You can filter trades out at any level with this program.

But I wanted to have a single program, not a trade copier, and not TEA to rely on. Thus, I had FX Cure created!

So, internally, it stores trades that would have been taken (I call these the 'Virtual Trades') but the user filtered out.
It is very easy to implement and you can set the filtering variable. Right now, there is a problem with losing the virtual trades
when the EA is closed, like over the weekend. And this causes unpredictable negative results. So, it is currently being re-
written to solve this issue. I'm told it should be ready in about a week!

Those that have been testing the current build (v0.94) (and not re-starting the EA!) are experiencing excellent results.
The Code rewrite will allow re-starting the EA and not losing the virtual orders.

All NEW testers will pay $30 for the new Code, (v0.96) but current testers only, $15. I'm only doing this to re-coop some of
my development costs and get valuable input from you-all. Perhaps it will be a commercial product sometime later this year.

Have a great weekend...

-Drew
========================================================================




Waant aal, lose aal, man...
ForexCure

Biedrs kopš Jan 01, 2012  147 ieraksti Drew (ForexCure) Feb 21 2014 at 00:47
guisantos23 posted:
Hi All,

This is my first post here.

I'm testing two demo accounts since the end of January (multiplier 0 and 1). Both MT4 are on the same VPS and did not restart at any time.

If you want to see the results and follow:

https://www.myfxbook.com/members/guisantos23/tea-free-2k-r1m0/817430
https://www.myfxbook.com/members/guisantos23/tea-free-2k-r2m1/815291

Hope this can help.

Cheers,

Guilherme


Hey Guiherme. You see, Equity is Everything! By filtering out the 1X orders, your Drawdown was much less AND your Equity is almost the same a Balance. Nice Demonstration!

Thanks!

-Drew
============================================================

Waant aal, lose aal, man...
growthera

Biedrs kopš Feb 18, 2014  85 ieraksti growthera Feb 21 2014 at 08:38
I'm always sceptical of any system where average loss is bigger then average win. Your chart however looks impressive. I also would be very interested to see a longer term chart of a real account. BTW, Thanks for sharing...

dupapa

Biedrs kopš Apr 05, 2012  24 ieraksti dupapa Feb 21 2014 at 08:47
it is interesting to read about this ea,

i still have the toms installer on my pc, v 1.91 if i remember correctly, was the first ea i tried an actually my first venture into forex with promises of riches just ahead haha

well it blew a couple of accounts as it goes,

looks like your making good progress after altering the original to make it safer,

is the offer still there to test for a $15 fee?


Many thanks

Ben

guisantos23

Biedrs kopš Oct 28, 2013  9 ieraksti Guilherme Santos (guisantos23) Feb 21 2014 at 09:09
ForexCuredotcom posted:
guisantos23 posted:
Hi All,

This is my first post here.

I'm testing two demo accounts since the end of January (multiplier 0 and 1). Both MT4 are on the same VPS and did not restart at any time.

If you want to see the results and follow:

https://www.myfxbook.com/members/guisantos23/tea-free-2k-r1m0/817430
https://www.myfxbook.com/members/guisantos23/tea-free-2k-r2m1/815291

Hope this can help.

Cheers,

Guilherme


Hey Guiherme. You see, Equity is Everything! By filtering out the 1X orders, your Drawdown was much less AND your Equity is almost the same a Balance. Nice Demonstration!

Thanks!

-Drew
============================================================

Hey Drew and all,

I decided to test an account with multiplyer 0 just to see the difference between the account with multiplyer 1. But I do not intend to use this setup in a real account. Unfortunately I did not created a demo account with multiplyer 3, but I will do it with the next version of FXCure (maybe I will need a better VPS machine configuration).

I know my initial deposit is small, but that is what I intend to use. My broker does not have CENT accounts, so I'll use a standard account (with a little higher spreads, but no commissions).

I will send more USD15 to your Paypal right now.

Glad to have helped.

Have a great weekend.

Guilherme

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