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FXCharger (By fxcharger )

Pieaugums +1912.72%
Kritums (Drawdown) 57.29%
Pipi: 1088.9
Darījumi 564
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Diskusija

fxcharger
Feb 07 2020 at 22:35
74 ieraksti
JorahanK posted:
I am using FXCharger from 2017 year. I have the same trades as the vendor's account. Yes, at 2018 year I have two stop losses (the same as vendor), but after each loss, I have increased a little bit risk and recover the losses quickly. There are not many EAs with which I pleased work, but this is one of them.

Hello JorahanK,
Thank you for your good words about FXCharger. Wish you and us successful trading in further 😀
rmagnaye
Feb 15 2020 at 09:28
3 ieraksti
Hi,

I would like tio inquire about FXCharger.

Please send me more information.

Thanks.
successwill
Feb 16 2020 at 13:10
247 ieraksti
another hit on the way. be prepared
successwill
Feb 17 2020 at 20:14
247 ieraksti
something fishy is taking place behind the scenes. Not updating from Feb 14 at 02:39 untill now.
3165
Feb 17 2020 at 23:12
23 ieraksti
Do you want an explanation to what happens and what will happen next?

In this phase open trades are hidden, for the first time as far as I remember.
The reason is because there is a big floating loss (known also as floating drawdown).
The author of this strategy does not want to show everyone his pants down. It can be temporary and can be a realized loss.

The next phase is this:
Option A: Price will return up and all open trades will close, so the sum of the trades will be in profit, but I don't know if interest payment will be covered as well.

Option B: SL is hit, account will have a huge drawdown and the first initial trades' size will be modified from 0.1 lot to 0.4 lot until drawdown is covered. So lot sizes will be: 0.4, 1.6, 6.4, 25.6....

It should take a few months to recover if at all.

Good luck!
fmlbfx2010
Feb 18 2020 at 04:40
82 ieraksti
The eurusd is not stable due of the brexit and price hit the stop loss
[
quote]successwill posted:

something fishy is taking place behind the scenes. Not updating from Feb 14 at 02:39 untill now.
vontogr (togr)
Feb 18 2020 at 14:56
4862 ieraksti
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.
dutchdevil
Feb 18 2020 at 16:47
19 ieraksti
Profits are so meager though, that this 15% drawdown took out a whole year of profits. So no, it did not make any money over the last 12 months.
fmlbfx2010
Feb 18 2020 at 16:55
82 ieraksti
You need a year to recover the loss
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.
3165
Feb 19 2020 at 05:46
23 ieraksti
Does anyone here have 90% (or more) accurate quality historical data to run a backtest for this strategy in metatrader 4?
I would like to compare results among others to see if we get same results.
If anyone wants to cooperate - I will send him the EA.
vontogr (togr)
Feb 19 2020 at 07:59
4862 ieraksti
fmlbfx2010 posted:
You need a year to recover the loss
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.
With 6% profit monthly you need about 2.5 month. Or do I miss something?
vontogr (togr)
Feb 19 2020 at 08:00
4862 ieraksti
3165 posted:
Does anyone here have 90% (or more) accurate quality historical data to run a backtest for this strategy in metatrader 4?
I would like to compare results among others to see if we get same results.
If anyone wants to cooperate - I will send him the EA.
yeah I have 99.9% precision tick data and dedicated server
send me also the settings
dutchdevil
Feb 19 2020 at 15:07
19 ieraksti
togr posted: With 6% profit monthly you need about 2.5 month. Or do I miss something?

Profit is not actually 6% monthly; they ran it very high risk initially but are now running it effectively at extremely low risk, to make it look like a safe and durable strategy. Their current monthly profit is about 2% (that's WITHOUT incorporating the stop-outs). You can check this by using the 'Custom Analysis' tool and look at the period from 11 March 2019 to 18 December 2019, a period that had no stop-outs.

If you DO incorporate the latest stop-out, which you should, the monthly profit over the last year exactly is 0.47%; daily profit is 0.00% (rounded).

And to compute loss versus what you have to gain back you have to take the inverse of 1-the loss; so for a 15% loss you need to make a 1/(1-0.15)-1=0.175=17.5% profit to break even again. This number grows substantially the larger your stop out was; for a 33% stop out, you need to make 50% again to be back at break even. For a 50% stop-out, you need to make 100% in profit to break even again; makes sense right, I have $2, I lose $1 (which is 50%)-->now I need to make $1 again to break even (which is 100%).

To regain 17.5% with a monthly profit of 2%, you need to divide the logarithmic of 1.175 by the log of 1.02-->so it takes you exactly 8.14 months to recover from this stop out with the current risk setting they have. That is assuming, that no other stop-outs occur in that period.
vontogr (togr)
Feb 19 2020 at 15:26
4862 ieraksti
dutchdevil posted:
togr posted: With 6% profit monthly you need about 2.5 month. Or do I miss something?

Profit is not actually 6% monthly; they ran it very high risk initially but are now running it effectively at extremely low risk, to make it look like a safe and durable strategy. Their current monthly profit is about 2% (that's WITHOUT incorporating the stop-outs). You can check this by using the 'Custom Analysis' tool and look at the period from 11 March 2019 to 18 December 2019, a period that had no stop-outs.

If you DO incorporate the latest stop-out, which you should, the monthly profit over the last year exactly is 0.47%; daily profit is 0.00% (rounded).

And to compute loss versus what you have to gain back you have to take the inverse of 1-the loss; so for a 15% loss you need to make a 1/(1-0.15)-1=0.175=17.5% profit to break even again. This number grows substantially the larger your stop out was; for a 33% stop out, you need to make 50% again to be back at break even. For a 50% stop-out, you need to make 100% in profit to break even again; makes sense right, I have $2, I lose $1 (which is 50%)-->now I need to make $1 again to break even (which is 100%).

To regain 17.5% with a monthly profit of 2%, you need to divide the logarithmic of 1.175 by the log of 1.02-->so it takes you exactly 8.14 months to recover from this stop out with the current risk setting they have. That is assuming, that no other stop-outs occur in that period.
2019 profit was 40% which is about 3.5% which is about 4 months to recover the loss
dutchdevil
Feb 19 2020 at 21:14
19 ieraksti
2019 profit was 40% which is about 3.5% which is about 4 months to recover the loss

I don't think you fully understand the math here. You cant just divide 40 by 12 to get 3.5.

It all works based on compounding. Before you post here you first need to look into that. For 2019 profit was 40%, but this means that monthly profit therefore was only 2.8%.

You can also see this when you use 'Custom Analysis', and use the period of 1/1/2019 to 1/1/2020; you'll see that the monthly profit was only 2.82% indeed.
vontogr (togr)
Feb 20 2020 at 07:31
4862 ieraksti
dutchdevil posted:
2019 profit was 40% which is about 3.5% which is about 4 months to recover the loss

I don't think you fully understand the math here. You cant just divide 40 by 12 to get 3.5.

It all works based on compounding. Before you post here you first need to look into that. For 2019 profit was 40%, but this means that monthly profit therefore was only 2.8%.

You can also see this when you use 'Custom Analysis', and use the period of 1/1/2019 to 1/1/2020; you'll see that the monthly profit was only 2.82% indeed.
got it. I did not take the difference in balance and compounding into account.
vontogr (togr)
Feb 20 2020 at 10:03
4862 ieraksti
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.

My BT of my own system are still running.
It is pretty slow as it is tick data BT with 99.9% precision
As you can see even with occasional spikes it had never hid stop loss at 15% DD. Max DD was about 13%.
The trading logic is the same aggressive one - not doubling but quadrupling trade size.
On the other hand I have limited number of such trades to decrease risk/burden

Pielikumi

3165
Feb 20 2020 at 12:20
23 ieraksti
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.

My BT of my own system are still running.
It is pretty slow as it is tick data BT with 99.9% precision
As you can see even with occasional spikes it had never hid stop loss at 15% DD. Max DD was about 13%.
The trading logic is the same aggressive one - not doubling but quadrupling trade size.
On the other hand I have limited number of such trades to decrease risk/burden
Your screenshot has nothing to show.
No numbers, No size of lots, No 99.9% modeling quality printed on the gif you upload.
We need more revealed details. As I showed earlier.
vontogr (togr)
Feb 20 2020 at 14:19
4862 ieraksti
3165 posted:
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.

My BT of my own system are still running.
It is pretty slow as it is tick data BT with 99.9% precision
As you can see even with occasional spikes it had never hid stop loss at 15% DD. Max DD was about 13%.
The trading logic is the same aggressive one - not doubling but quadrupling trade size.
On the other hand I have limited number of such trades to decrease risk/burden

Your screenshot has nothing to show.
No numbers, No size of lots, No 99.9% modeling quality printed on the gif you upload.
We need more revealed details. As I showed earlier.
That is what mt4 is showing, I can't change that :)
More details are possible only once it finishes and generates the report. It is at 2017/12/20 now
vontogr (togr)
Feb 21 2020 at 08:26
4862 ieraksti
togr posted:
3165 posted:
togr posted:
I am not in any way affliated with FxCharger
But I would say closing trades at 15% loss is the right thing
And even though it is martingale at some point it should recover.
You need to look at system from long term perspective, does it make money for last 12 months?
Are the results stable?
I did backtest my own aggressive martingale system and it works for years with max dd of 13%.
I believe the owner can make some adjustements to get approximatelly the same results.

My BT of my own system are still running.
It is pretty slow as it is tick data BT with 99.9% precision
As you can see even with occasional spikes it had never hid stop loss at 15% DD. Max DD was about 13%.
The trading logic is the same aggressive one - not doubling but quadrupling trade size.
On the other hand I have limited number of such trades to decrease risk/burden

Your screenshot has nothing to show.
No numbers, No size of lots, No 99.9% modeling quality printed on the gif you upload.
We need more revealed details. As I showed earlier.

That is what mt4 is showing, I can't change that :)
More details are possible only once it finishes and generates the report. It is at 2017/12/20 now2018/10/02 now
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