FXCharger Omówić

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

I did a BT with 99,9% tickdata, too some years ago, but I always got at least one drawdown.
I used Dukascopy's data.
And the EA doesn't allow backtesting before 2012 (if I recall it correctly).

MicF posted:
I did a BT with 99,9% tickdata, too some years ago, but I always got at least one drawdown.
I used Dukascopy's data.
And the EA doesn't allow backtesting before 2012 (if I recall it correctly).

how much was the DD?

As much, as I set the risk.
The risk value is definitely obeyed.

MicF posted:
As much, as I set the risk.
The risk value is definitely obeyed.

Really, that is so much revealing answer :)

Hi,

how much deposit for using this??, what best brokers recommended?

BR

This the worst EA I see another consecutive loss is targeted, do not use it at all !

hardi2020 posted:
Hi,

how much deposit for using this??, what best brokers recommended?

BR

It is hard to trade nowadays.
Markets are crazy due to Coronavirus

togr posted:
It is hard to trade nowadays.
Markets are crazy due to Coronavirus

True cut them some slack. Good Ea as I recall. Sorry for the stop losses

togr posted:
It is hard to trade nowadays.
Markets are crazy due to Coronavirus

I disagree.
Coronovirus has nothing to do with it.
It is all about adding features that this moderator ignores.
My set of param provides profit for both Short and Long trades at these days as well.

Coronvirus came with a lot of opportunities for the trend following systems and all the systems based on direction
And has came with alot of pain to the systems which based on corrections and retresments.

Fxswdn posted:
Coronvirus came with a lot of opportunities for the trend following systems and all the systems based on direction
And has came with alot of pain to the systems which based on corrections and retresments.

Corona virus really made us huge profits I must admit.

Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.

MicF posted:
Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.

math is not really my strong side - can you explain it to me?

It is called stochastically independent i. e. if you roll a dice your chances to get a 6 is 1/6 at the first try and will be 1/6 at any further tries.
So even if you rolled the dice 100 times and didn't get any 6, the chances you would get a 6 in the 101st try are still 1/6.

MicF posted:
Now it happened, that the stop loss hit a second time shortly after a first one.
I can recall the discussion, that it 'statistically' can't happen and hence you could increase the risk to 100% after a hit to catch up the loss.

Unlikely doesn't equal impossible.

BTW the statement is mathematically wrong anyway.

Hello MicF,
Yes, double loss is very sad for us and for our clients. But anyway, we never told that it's impossible, do not change the meaning of our words, please. And about your words 'BTW the statement is mathematically wrong anyway. ' - I would like to draw your attention to the fact that this is not about mathematics at all, but about probability theory. This is a big difference 😄

Here is my old post about it:
'If you do not take into account all the factors, then you are right. But in our situation, you need to take into account history. A simple example: What is the chance of eagle side of the coin, when you toss it? It's easy, the chance of each side is 50/50%. If we toss coin 100 times, approximately we will get 50 eagles and 50 tails. But if will be the situation, that we toss the coin 50 times, and get the eagle side only 10 times and 40 times of another side of the coin. For the next 50 times of tosses, the chance will be the same 50/50? Or we understand that now probability theory will 'try' to balance the scales of probability and next 50 times of tosses, will have approximately 40 eagles and 10 another side of the coin.

This is a primitive (rough) example, but it shows approximately what I mean. There are many factors that make an effect on the probability. We can't get guaranty from probability, but we can have it on our side and use it.'


As I told previously (old post) in the last sentence, we can't get guaranty from probability theory (unlike math). We just try to get the probability on our side and made some profit from it. Unfortunately, the situation at the market very and very dangerous, there are many not typical movements at the market - it caused the second stoploss. That is why we stopped trading at the moment and will restart it a little bit later when the situation will stabilize.

You are right and I am wrong ;-)

You are all focusing in the wrong reason that caused this loss.
My set of params for the same strategy is in profit. All the way.
Look at screenshot for the last few months.

More description would be nice :-)