Jsantos - have you read the FAQ? It states how the lot size is determined and how many trades there will be. There is a maximum of 10 trades, by 10 trades the lot size is high and needs only a small move in it's direction. If it gets a large move against it after 10 trades then this could loose a your account. There is an equity protection flag. On backtesting depending on the year there are 5-10 days a year where the EA would have lost your account. Minimum equity protection we suggest is 40% as in larger trades 20-30% drawdown is normal. Currently we are experiencing a really good sideways market, hence the very low drawdown.
hi, you mean with this ea, one can lose the entire account when equity protection is not used right?
During a sideways market this EA has returned substantial gains, when this sideways market ends is anyone's guess - the fundamental reason why they are in sync is still in tact - the underlying the commodities market (gold, ore, etc) and the stability of the AUD dollar with the fall of the EURO. If America goes into hyperinflation this would cause a strong trending market and thus this EA would loose your account.
I would put the equity protection at 50% at level 5 and 40-45% at level 2.
At level 5 it has made over 25% per month, at level 2 it's about 7% gain per month.
I also say that wear possible realise your gains then use these gains as what you end up risking.
Ichifx.com is up. Back from overseas, finding out what the connection issue is to myfxbook. Gevsilent - just because we only sell it through Synergy no need to be so disrespectful - otherwise I will report you. You have asked to buy the software so you can use any broker and we don't do this currently.
Ok the Risk 2 out of 5 is working properly for reporting. I have raised an issue with Myfxbook for the 5 risk. It is showing the right values but now showing unverified, even though in the manage accounts it is verified. When Myfxbook fix problem, so I can perform a full sync with my metatrader and comparison with broker.
Thank you for your reply. I have just checked it again and I still cannot reach ichifx.com from Europe. My browser says the possible reason is 'Your DNS server might be unavailable.' Please help me, how I could get your website. Regards,
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