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yuguyf Diskusija
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Biedrs kopš Jul 29, 2011  25 ieraksti deathlord Oct 23 2012 at 07:58
Can you please open the trade history and other relevant information on the real money accounts? I am not interested in demo stats but in real stats ;)


Biedrs kopš Sep 10, 2012  13 ieraksti Alan (PureLife) Oct 23 2012 at 20:41
I see that you have a frankenstein and FID in your trade comments, are they both the same EA? or are you running 2 separate? Is it possible to replicate the same results on backtest with just FID?

No loss is too great until you lost your mind.

Biedrs kopš Jun 24, 2012  69 ieraksti Rickyv101 Oct 23 2012 at 23:41
Thanks for your reply with detail funding requirement, I am user of Forex Envy, It is very complicated to compare 1:100 to 1:500 account for live account, They behave quite different with different EA.

I am very new in FX world for few months.

For 100,000 Cents = $1000 account with 1:100 margin, For Forex Envy live trading, I might be wrong, it will have same results as 65,000 cents=$650 account using 1:500 margin or higher with slightly less Drawdown

Just make it simple, Higher margin account is better with slightly more return and slightly less drawdown.

Cent account broker are not very good broker, I have both cent accounts in 3 broker, Trade-fort (50% bonus), Xemarket(30% rescue fake bonus), FXopen cents ( one time, $100 cash for 1000 microlot).

Trade-fort is the best but their server is bad due to server down often problem.
Xemarket do not have server problem as Trade-fort but their Bonus are fake money
Fxopen Cents account is heavy market making on price, for some reason, It filter out some price spike which is good for Grid martigale EA but its spread on some pairs are very high on AUDNZD = 20 pips while Pepperstone's spread is 4 pips.

Most brokers are improving their service, They will be change.

I would like to wait for 1 or 2 more week due to many big news will be out this week, I would like to see how this EA behave with this News before I buy it.

ForexScam posted:
Account Capital Requirements:

STD Accounts - ECN Spreads
$100k on 100:1 Leverage with 0.01 Micro Lots will match this account
$50k on 200:1 Leverage with 0.01 Micro Lots - Double the Drawdown and Monthly Gain
$25k on 500:1 Leverage with 0.01 Micro Lots - 4 Times the Drawdown ( Insane) and 4 times the Monthly Gain

Cent Accounts - 1 Pip == 0.01 Cent
$1000 = 100,000 Cent on 100:1 Leverage will match this account
$500 = 50,000 Cent on 200:1 Leverage - Double the Drawdown and Monthly Gain
$250 = 25,000 Cent on 500:1 Leverage - 4 Times the Drawdown ( Insane) and 4 times the Monthly Gain

Cent Accounts normally offer more leverage and this can be beneficial to you. You will have more FreeMargin allowing additional Pairs if the Broker allows more than 100 Orders.

If you don't have the required Capital as mentioned above, Forex Identity has a lot of options to run at smaller balances. For Example:

1.) Decrease the MaxOrderLevel
2.) Engage SafeMode sooner
3.) Only use Long Cycles and if you decide to use Short Cycles, Only use 1/2 of the MaxOrderLevel that you would normally use with the Long Cycles. This will keep the Lots very Small.
4.) Do not use SuperCharge or Logic 0: use the Trending or CounterTrend Logic on M15 - M30 - H1 Charts
5.) Trade Less Pairs.


Biedrs kopš Mar 28, 2011  1008 ieraksti ForexScam Oct 24 2012 at 02:39
@deathlord - No. my test accounts are using the next unreleased version. Always beta testing.
@PureLife - Same EA . Starting out as FrankNstiend, then renamed it to Forex Identity. backtest will match besides a few trades I closed manually to test the auto calculation of basket Takeprofit.
@Rickyv101 - Smaller the Balance, More Drawdown. Larger the Leverage will give you the same Monthly return and DD as with less leverage but the benefit of using more leverage can prevent a margin call if the user is running on More pairs and or with a Higher MaxOrderLevel

Backtesting Beta Users Wanted: Please download the EA here - https://www.pipinvestment.com/forex-identity

Follow the instructions. Send me the CID. I'll activate the license. I'll write an article later today describing the backtesting steps and what we're trying to do with the BackTesting results.

Also by sharing the EA for Backtesting, I can gather FeedBack and make this EA even better than it is now. Thanks for the Help. Much Appreciated.


Biedrs kopš Feb 11, 2011  1916 ieraksti rob559 Oct 24 2012 at 03:08
good work ,this ea sounds great ,starting beta soon


Biedrs kopš Mar 28, 2011  1008 ieraksti ForexScam Oct 24 2012 at 04:11
thanks rob - here is the article with backtesting instructions . If there is something I overlooked, please let me know and I'll update the article.



Biedrs kopš Jul 29, 2011  25 ieraksti deathlord Oct 24 2012 at 06:05 (labots Oct 24 2012 at 06:06 )
Feel free to open another live account with the current version. But you should be willing to provide at least one live account.

If not, well ... moving on. Not interested in another demo-hyped EA that will not be able to duplicate its performance live.


Biedrs kopš Mar 28, 2011  1008 ieraksti ForexScam Oct 25 2012 at 17:58
7 Year Dukascopy Data Backtest Uploaded here - https://www.myfxbook.com/strategies/forex-identity-safemode--8/26229


Biedrs kopš Jul 02, 2012  127 ieraksti richbugger Oct 26 2012 at 07:40
Looks like an interesting EA. I'll also start beta-testing soon. However, I must say, I'll need something a little more convincing than a 150% gain after 7 years of trading.


Biedrs kopš Mar 28, 2011  1008 ieraksti ForexScam Oct 26 2012 at 09:14
@richbugger . Keep in Mind GBPUSD Dropped over 6000 PIPS in a few months in 2008 from the Financial Crisis. When developing Forex Identity I solely focused on this market condition to see if it is possible to build a Martingale Grid that can survive this Event.

Forex Identity is designed to withstand Volatility and be able to survive unexpected market events without intervention. The Backtest produced an average of 12% a year which is an excellent return even with a max DD of 30% during the financial crisis.

Forex Identity can produce much higher returns with different setting, but of course the DD will be higher and most likely crash during the 2008 Backtest. Martingale Grids are known for Big Gains and Blown Accounts, I'd like to find a middle ground between these two.

Also , I have a feature (SafeModeLogic) that will change the internal logic when market conditions change and by doing so with a few other features ( SafeMode + SuperCharge ) we can trade aggressively to achieve large gains while incorporating a safety feature to prevent the blown accounts that Forex Envy is known for.

Thanks for being interested in the Beta Tester. I'm uploading another Update over the weekend.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.