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December - Closed (By pipinvestmentbot )

Lietotājs ir dzēsis šo sistēmu.

Diskusija

ForexScam
Oct 26 2012 at 18:10
1008 ieraksti
Balance 125 nano account at XEmarkets
W/100% Credit Bonus.
Baselotsize = 0.01
MaxOrderLevels = 9
SuperCharge = True
SafeMode = 7
SafeModeLogic = 5
ShortCycles = True

PAIRS: EURUSD - GBPUSD - EURCAD - EURJPY - CADCHF - EURCAD

I've never used this broker or traded on nano lots. It's weird to see a trade close at 5 pips profit and not receive a gain. 10 pips will equal 1 cent on the baselot of 0.01.

Nano Accounts: This actually creates a problem on some shortcycles that reach only Level 2 and close out under 10 pips because the 0.01 closes at $- 0.01 and the 0.02 closed at $ +0.01 = Zero Net Gain

10.26.2012 17:51 10.26.2012 18:10 GBPUSD Sell 0.01 - 1.60992 1.60931 1.60992 -6.1 -0.01 19m -0.01%

10.26.2012 18:06 10.26.2012 18:10 GBPUSD Sell 0.02 - 1.60992 1.61052 1.60992 6.0 0.01 3m 0.01%

So the money only flows in on larger Levels.



ForexScam
Oct 26 2012 at 18:13
1008 ieraksti
A Pip Gain of 8 does close out at a Positive Net Gain on EURJPY Pairs. That is good to know.

10.26.2012 15:58 10.26.2012 16:44 EURJPY Sell 0.01 - 103.14300 103.05800 103.14300 -8.5 -0.01 46m -0.01%

10.26.2012 16:30 10.26.2012 16:44 EURJPY Sell 0.02 - 103.14300 103.22800 103.14300 8.5 0.02 14m 0.02%

ForexScam
Oct 26 2012 at 18:15
1008 ieraksti
A Pip Gain of 5 and under result to Zero Net Gain:

10.26.2012 13:44 10.26.2012 15:34 EURUSD Sell 0.01 - 1.28978 1.28928 1.28978 -5.0 -0.01 1h 50m -0.01%

10.26.2012 15:09 10.26.2012 15:34 EURUSD Sell 0.02 - 1.28978 1.29028 1.28978 5.0 0.01 25m 0.01%

10.26.2012 13:44 10.26.2012 15:30 EURCAD Sell 0.01 - 1.28594 1.28546 1.28594 -4.8 -0.01 1h 45m -0.01%

10.26.2012 15:13 10.26.2012 15:30 EURCAD Sell 0.02 - 1.28594 1.28642 1.28594 4.8 0.01 17m 0.01%

ForexScam
Oct 26 2012 at 18:18
1008 ieraksti
This is weird. Same Pip Gain but one trade receives profit and other trade does not

10.26.2012 11:30 10.26.2012 11:43 GBPUSD Buy 0.01 - 1.61246 1.61176 1.61246 7.0 0.00 12m 0.00%

10.26.2012 11:17 10.26.2012 11:29 GBPUSD Buy 0.01 - 1.61169 1.61099 1.61169 7.0 0.01 11m 0.01%

deathlord
Oct 26 2012 at 18:20
25 ieraksti
Nice to see a live-account :)

ForexScam
Oct 27 2012 at 06:43
1008 ieraksti
ForexScam
Oct 28 2012 at 12:54
1008 ieraksti
Forex Identity users can now Freeze the EA from entering New positions once a Basket is closed out. The FreezeMode works in conjunction with SafeMode therefore the Buy or Sell OrderLevel must be greater than the SafeMode before the FreezeMode engages. Once the FreezeMode is engaged, it will Freeze that direction after the Basket is closed out at profit.

Therefore, the EA will Freeze only the Buy side if the Buy OrderLevel is above the SafeMode and the Sell orders will continue to trade until the sell OrderLevel also reacesh above the Safemode. At that point, the Basket would need to be closed out at a Profit and then the FreezeMode will be fully engage. FreezeMode would then prevent any positions from opening in both BUY and Sell Directions. Forex Identity will need to be restarted be re-initializing (re attach to chart) or FreezeMode must be turned OFF, than back ON, if the user wants to use this feature again.

Rickyv101
Oct 29 2012 at 22:09
69 ieraksti
It is Cents account, it shows $136 on FXbook chart, But it is really 13,600 cents, Do not put $136 to run it, it will blow up your account.

Also, Just one thing to warn user of XEmarket, They don't like Forex Envy because it keeps on modifying basket orders and it overloaded their server, as most Grid martingale EA will modify basket, you never know they like it or not, may be, they fix their server overload problem now.

This EA looks pretty good, reasonable profit and low DD, most important, you look at long/short won are higher than other EA, beside, profit factor is amazing 5-6, it is hard to see anything more than 2.5, anyway, time will tell, we will really see this EA when crisis come with true DD.

now I have a reference setting to test now.

I will buy this EA for next few days and test it.

https://www.videoconverterplus.com/software-misc/forex-identity_1050173.html

Just find a discount link for it, not sure that it is real or not.

You should also consider set up some IB brokers link under your webpage, I have been using Forex Envy for few months, ( Forex Envy do lots of trades), I paid more than $500 IB fee( More than I paid for Forex Envy $379) , (Their broker link embeded with IB code, They never tell you about this, I don't mind to pay for IB as long as their program is good anyway.






Rickyv101
Oct 30 2012 at 03:07
69 ieraksti
Just a suggestion.
You might consider put your live cent account in Trade Fort, Their bonus is almost real while XEmarket 's bonus is fake.
Beside, Trade fort spread is lower than XEmarket
Both broker's data are very fast.
Trade fort has free VPS for deposit more than $1,000
Unforturnaty, Trade fort is not regulated, so no big money.
Trade fort has server problem once awhile.







ForexScam
Oct 30 2012 at 06:32
1008 ieraksti
Hi Ricky, the Link for the discount is fake. They trick you so you sign up under their Affiliate link. You will see this, when the link redirects you to the check out.

My Live account is trading Nano Lots, so the small balance is equivalent to $125,000 trading 0.01 Lot micro lots.

As I mentioned before, The Rebates are for the customers =) https://www.pipinvestment.com/rebates

Thanks for the info on XEmarkets and TradeFort

ForexScam
Oct 30 2012 at 09:27
1008 ieraksti
Update:

All Short Cycles have been changed to Long Cycles for the upcoming News release 😀

iamfxfapturbo
Oct 30 2012 at 11:04
18 ieraksti
Hi, ForexScam. How are you.

Can i use Forex Identity in my US$3,000 standard account trading only one pair, or do i need to use the EA only on nano account with that balance?

Thanks.

ForexScam
Oct 30 2012 at 11:51
1008 ieraksti
@iamfxfapturbo Fine Thanks.

Yes you can. Here are the settings for any ONE pair you would like to use

Baselotsize = 0.01
MaxOrderLevels = 9
SuperCharge = True
SafeMode = 5
SafeModeLogic = 4
ShortCycles = False

The broker must provide Min 200:1 Leverage and 0.01 Lots . If they can offer 500:1 , you can increase the MaxOrderLevel =11.



Rickyv101
Oct 30 2012 at 12:32
69 ieraksti
I bought your Forex Identity EA, So much functions,My English is not good, I need sometime to figure out how it works before I put some real Cents account money for testing.

Trying to internal transfer some money from both XEmarket or Tradefort without luck.

XEmarket - all trades must be closed before internal fund transfer.
Trade fort - funding is locked for 3 months, unless I give up bonus.



iamfxfapturbo
Oct 30 2012 at 12:55
18 ieraksti
ForexScam, thanks for the answer.

However, i have two questions: why can't i use ShortCycles=True in my account? Is that too risky? If i understand, using ShortCycles=True increases profits, but increases drawdown too.

The other question is: since your Ea is a marginale Grid, can i withdraw the profits weekly, or monthly, to another account, so if the account blew up, i have balance enough to use the EA again?

Thanks.

ForexScam
Oct 30 2012 at 13:02
1008 ieraksti


@Rickyv101 - contact me at [email protected] and I can help. What is your native language? Just PM me if you like. Wow, thanks for sharing the info these brokers, I had no idea they had rules for internal transfers. To me, that is not fair at all. Especially at XE. ( Closed Trades). Terrible.

ForexScam
Oct 30 2012 at 13:05
1008 ieraksti
@iamfxfapturbo You can use ShortCycle to achieve more gains, but the Drawdown can increase faster. However, use the SafeMode == 4 and this will decrease the DD. The rest of the setting, leave alone.

Yes, Pull out profits every other week. No harm in this money management.

Rogelio Vela
roger11
Nov 01 2012 at 09:06
54 ieraksti
did the account stop updating? are you planning to keep using this account with your latest version of Forex Identity?

ForexScam
Nov 01 2012 at 10:56
1008 ieraksti
Capital Requirements-


Very Aggressive Setting.
These are the setting that I'm using Live. Actually I started out a little underfunded, but My Balance is almost in line with these figures. NOTE: at this level, you would need a High leveraged Account, otherwise these setting wouldn't work for you. ( you couldn't reach level =10)

$3000 Per Pair on Std Account - IBFX AU minlot 0.01 = 1 pip = 10cents
$300 Per Pair on Cent Account - IBFX AU minlot 0.01 = 1 pip = 1cent
$30 Per Pair on nano Account - XeMarkets 0.01 = 10 pip = 1cent

These setting are smarter. This would increase your Pip Window Significantly
$10000 Per Pair on Std Account - IBFX AU minlot 0.01 = 1 pip = 10cents
$1000 Per Pair on Cent Account - IBFX AU minlot 0.01 = 1 pip = 1cent
$100 Per Pair on nano Account - XeMarkets 0.01 = 10 pip = 1cent

What is a Pip Window? The Pip Window is the amount of Pips the Market can move against you once you reach Level 10 without running out of Margin!



**&%&*# *** Remember this is PER CURRENCY PAIR YOU TRADE

ForexScam
Nov 01 2012 at 10:56
1008 ieraksti
roger11 posted:
did the account stop updating? are you planning to keep using this account with your latest version of Forex Identity?


I've contacted Myfxbook a few hours ago about the autodate not working. The account is still active and will continue to be traded. I hope to have it updating soon!

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