FGT-Real01 (By forexgoldtrader)
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FGT-Real01 Обсуждение
Участник с Aug 26, 2011
3 комментариев
Aug 26, 2011 at 10:42
BTW, cowpoop and criticise01 are not clones of forexma(SOLAR). My clones are only forexmac and forexmacc. I expect forexmacc will get blocked soon enough cause Faiz is damn fast when it comes to blocking and deleting blown accounts. It's a pitty he's not that fast when it comes to updating his systems.
Anyway thank you cowpoop and criticise01, I'm glad I'm not alone on this fight.
Anyway thank you cowpoop and criticise01, I'm glad I'm not alone on this fight.
Участник с Aug 23, 2011
19 комментариев
Aug 26, 2011 at 10:43
in 12 august i post in wssfx forum. this is the post
the default setting fgt is 400 pips. when the 1st order got 400 pips the 2nd and the other got 1200 pips. i think fgb can put option in their setting to change second target. ex: tp1 400 pips tp2 800 because in the sideways trend like today no hit in 1200 pips but always open trade (being trap) and when uptrend again we can change again to default setting
i think fgb can add another indicator to anticipation downtrend because we only use buy mode.
ex: parabolic sar (can true or false)
if already 8 (can change in ea) open trade the fgt only open trade when indicator parabolic sar in below the price (off course use fgt basic strategy system gann grid). because in downtred area we can trap if retrace low and to minimize drawdown.
gold usd1800 down 10% is 18000pips. gold usd2000 down 10% is 200000pips
its means if the price go up its can be dangerous if down 10% from earlier.
for old member i think will survive because the have profit before but if new user (in wrong time like join the 3 day ago) the account will have big drawdown or blow up.
sory for bad english
THIS IS TODAY POST IN WSSFX FORUM
gold down from high 1900++ to low 1690++ more than 10%. like i say if the price gold more higher more dangerous. even if you use normal mode $2000 for 0.01 lot can DD 50%. remember more higher price more daily spread. to anticipation can change tp.
ex: setting fgt max trade 5 tp 400
when gold down you only floating 5 trade.
and when price drop 5% OR 10% (depend personal) you can change the max trade 10 and tp 2000.
because the ea will buy stop depend the tp. (the buy stop like averaging). the higher tp can less buy stop.
gold 1800 down to 1700. if use tp 2000 only buy 5 trade. so we as user fgt ni not only waiting gold come back to 1900. we can profit when the gold down. i dont realize this system (in try in my cent account because can hold 40 trade). i just think can useful someday for small capital or high risk mode (like me). luckywhen gold reach 1900 i set max 5 trade (before 15trade).
remember the more higher gold the more dangerous if faaling down because more daily spread.
gold usually going up every year but remember nobody in this world 100% right. maybe someday gold can down 30%. who knows.
just prepare an umbrella before rain.
good luck all of you. sorry for bad english
the default setting fgt is 400 pips. when the 1st order got 400 pips the 2nd and the other got 1200 pips. i think fgb can put option in their setting to change second target. ex: tp1 400 pips tp2 800 because in the sideways trend like today no hit in 1200 pips but always open trade (being trap) and when uptrend again we can change again to default setting
i think fgb can add another indicator to anticipation downtrend because we only use buy mode.
ex: parabolic sar (can true or false)
if already 8 (can change in ea) open trade the fgt only open trade when indicator parabolic sar in below the price (off course use fgt basic strategy system gann grid). because in downtred area we can trap if retrace low and to minimize drawdown.
gold usd1800 down 10% is 18000pips. gold usd2000 down 10% is 200000pips
its means if the price go up its can be dangerous if down 10% from earlier.
for old member i think will survive because the have profit before but if new user (in wrong time like join the 3 day ago) the account will have big drawdown or blow up.
sory for bad english
THIS IS TODAY POST IN WSSFX FORUM
gold down from high 1900++ to low 1690++ more than 10%. like i say if the price gold more higher more dangerous. even if you use normal mode $2000 for 0.01 lot can DD 50%. remember more higher price more daily spread. to anticipation can change tp.
ex: setting fgt max trade 5 tp 400
when gold down you only floating 5 trade.
and when price drop 5% OR 10% (depend personal) you can change the max trade 10 and tp 2000.
because the ea will buy stop depend the tp. (the buy stop like averaging). the higher tp can less buy stop.
gold 1800 down to 1700. if use tp 2000 only buy 5 trade. so we as user fgt ni not only waiting gold come back to 1900. we can profit when the gold down. i dont realize this system (in try in my cent account because can hold 40 trade). i just think can useful someday for small capital or high risk mode (like me). luckywhen gold reach 1900 i set max 5 trade (before 15trade).
remember the more higher gold the more dangerous if faaling down because more daily spread.
gold usually going up every year but remember nobody in this world 100% right. maybe someday gold can down 30%. who knows.
just prepare an umbrella before rain.
good luck all of you. sorry for bad english
Участник с Aug 26, 2011
2 комментариев
Aug 27, 2011 at 12:15
Something seem unfair on this discussion thread..
1. All user have negative review will be blocked by the owner. This is not fair for some participants on this thread.
If someone would like free to speak and review the performance of any EA..just open new discussion forum on his account or open new thread in other forum.
2. The creator of EA can not protect the logic behind the EA. All the fact seems recovered, the logic behind EA is easy to recreate (see critisize01 comments, the core idea of this EA explained). This is not fair also for the EA creator.
3. This EA is profitable but not or all setting, only few setting can withstand to the huge gold price decreasing. So be careful with your setting. I believe the EA creator should give advice for all setting on each different account FGT-Real1...FGT-Real10d to avoid blowdown account.
4. When one account is blow down, due to huge draw down, It is fair enough if the EA creator remove it to avoid negative feedback for his sale. But it wise if EA creator explain why the account is blow down. One of example EA creator has explained that one account removed due to interfered with manual trade. It means he want to shown only pure EA performance without manual intervention. This to indicate that using mixing (EA and Manual) is not advisable because emotion will be involved.
Revert back to CFTC rules that previous performance should not guarantee future performance. Means No Perfect EA. This applicable for this product as well. As long as you know how to protect your initial investment and your profit then you will safe.
My two cents advise..
1. All user have negative review will be blocked by the owner. This is not fair for some participants on this thread.
If someone would like free to speak and review the performance of any EA..just open new discussion forum on his account or open new thread in other forum.
2. The creator of EA can not protect the logic behind the EA. All the fact seems recovered, the logic behind EA is easy to recreate (see critisize01 comments, the core idea of this EA explained). This is not fair also for the EA creator.
3. This EA is profitable but not or all setting, only few setting can withstand to the huge gold price decreasing. So be careful with your setting. I believe the EA creator should give advice for all setting on each different account FGT-Real1...FGT-Real10d to avoid blowdown account.
4. When one account is blow down, due to huge draw down, It is fair enough if the EA creator remove it to avoid negative feedback for his sale. But it wise if EA creator explain why the account is blow down. One of example EA creator has explained that one account removed due to interfered with manual trade. It means he want to shown only pure EA performance without manual intervention. This to indicate that using mixing (EA and Manual) is not advisable because emotion will be involved.
Revert back to CFTC rules that previous performance should not guarantee future performance. Means No Perfect EA. This applicable for this product as well. As long as you know how to protect your initial investment and your profit then you will safe.
My two cents advise..
Участник с Aug 08, 2011
6 комментариев
Aug 28, 2011 at 05:17
i have bought the EA days ago and trade it on Demo Account with normal mode and 1000 $............the account boommmmmm!
next week i will trade with live Account 1000$ and the setting will be Take Profit 400 // StaticLot : 0 // DynamicLot : 0.1
is that ok????????????????
next week i will trade with live Account 1000$ and the setting will be Take Profit 400 // StaticLot : 0 // DynamicLot : 0.1
is that ok????????????????
Участник с Nov 02, 2010
80 комментариев
Aug 28, 2011 at 06:54
Dear All,
I won't give any comment in this thread, you can discuss here about Forex Gold Trader without me :)
Do not PM me because I won't reply you.
Any question please contact us at:
Email : support@forexgoldtrader.com
Chat support : www.forexgoldtrader.com
Thank you and have a nice weekend...
For all moslems in the world : Happy Eid Mubarak!
I won't give any comment in this thread, you can discuss here about Forex Gold Trader without me :)
Do not PM me because I won't reply you.
Any question please contact us at:
Email : support@forexgoldtrader.com
Chat support : www.forexgoldtrader.com
Thank you and have a nice weekend...
For all moslems in the world : Happy Eid Mubarak!
Trading Gold & Silver for living!
Участник с Feb 12, 2011
3 комментариев
Aug 28, 2011 at 11:27
nesr1986 posted:
i have bought the EA days ago and trade it on Demo Account with normal mode and 1000 $............the account boommmmmm!
next week i will trade with live Account 1000$ and the setting will be Take Profit 400 // StaticLot : 0 // DynamicLot : 0.1
is that ok????????????????
You can't trade this EA with $1000. 5% drop in gold price will wipe out your account. It is a great money maker but you need at least $5000 with fix lot of 0.01. Before trading any EA you need to understand leverage risks
Участник с Aug 26, 2011
2 комментариев
Aug 29, 2011 at 10:38
Hi Nesr,
GDFX is correct, I checked in FGT manual how calculated lot size for dynamic lot = % x account $/1000
Hi Faiz, please correct me if i am wrong.
If you have:
a. $2000 account, dynamic lot 0.5 means trade lot size will be 0.5% x $2000/1000 = 0.01 lot
b. $5000 account, dynamic lot 0.2 means trade lot size will be 0.2% x $5000/1000 = 0.01 lot
In your case:
$1000 account, dynamic lot 0.1 means trade lot size will be 0.1% x $1000/1000 = 0.001 lot, but check your broker minimum trade lot size, if minimum lot size is 0.01 then you will trade always 0.01 lot not 0.001 lot.
Using dynamic account, if your account is larger due after closing your profit example in case a above your account become $3000 and you do not change your dynamic lot 0.5 means trade lot size will be 0.5% x $3000/1000 = 0.015 lot (but if will trade still 0.01 because minimum lot still 0.01 lot).
If your account increased to $4000, then your trade lot = 0.5% x 4000/1000 = 0.02 lot.
If you want to trade always fix at 0.01 lot even your account increased then use static lot 0.01.
To calculate profit loss= lot size x (initial price - last price) * 100
Do not forget also to calculate your required margin, for Gold, margin = (100 x Price x Lot Size) / Leverage
Your trade able account equity = initial account - profit loss - margin
Here is how your account balance $1000 when the gold price is decreasing and your trade lot = 0.01 lot, profit target 400 pips, initial price 1900, leverage 1:200:, without opening new position trade,
if Current price 1896, your position 0.01 x (1900 - 1896) *100 = -$ 4, margin = 100 * 1900 * 0.01/200 = $ 9.5, equity=$ 986.5
if Current price 1892, your equity will be 0.01 x (1900 - 1892) *100 = -$ 8, , equity= $ 982.5
if Current price 1888, your equity will be 0.01 x (1900 - 1888) *100 = -$ 16, equity = $ 974.5
if Current price 1702.16, your equity will be 0.01 x (1900 - 1702.16) *100 = -$ 197.84, equity = $ 792.66
Here I illustrate If the price movement (down below profit target, going up and down again without reach profit target), it will make EA generate several new position, if I assume that EA generate new position every -400 pips, if the price move from 1900 to 1702.16 (as last week price movement), then your account will be blown out if the price go down till 1824 and can open only 20 positions
Pos Lot Init Curr P/L Margin Equity
1 0.01 1900 1824 -76 9.5 914.5
2 0.01 1896 1824 -72 9.48 833.02
3 0.01 1892 1824 -68 9.46 755.56
4 0.01 1888 1824 -64 9.44 682.12
5 0.01 1884 1824 -60 9.42 612.7
6 0.01 1880 1824 -56 9.4 547.3
7 0.01 1876 1824 -52 9.38 485.92
8 0.01 1872 1824 -48 9.36 428.56
9 0.01 1868 1824 -44 9.34 375.22
10 0.01 1864 1824 -40 9.32 325.9
11 0.01 1860 1824 -36 9.3 280.6
12 0.01 1856 1824 -32 9.28 239.32
13 0.01 1852 1824 -28 9.26 202.06
14 0.01 1848 1824 -24 9.24 168.82
15 0.01 1844 1824 -20 9.22 139.6
16 0.01 1840 1824 -16 9.2 114.4
17 0.01 1836 1824 -12 9.18 93.22
18 0.01 1832 1824 -8 9.16 76.06
19 0.01 1828 1824 -4 9.14 62.92
20 0.01 1824 1824 0 9.12 53.8
Your account can't go more than 20 open position and your account can not withstand if the price going down till 1702.16
You can conclude by your self how calculate your account risk.
I hope Faiz will not block my account because I tell this ....peace...
GDFX is correct, I checked in FGT manual how calculated lot size for dynamic lot = % x account $/1000
Hi Faiz, please correct me if i am wrong.
If you have:
a. $2000 account, dynamic lot 0.5 means trade lot size will be 0.5% x $2000/1000 = 0.01 lot
b. $5000 account, dynamic lot 0.2 means trade lot size will be 0.2% x $5000/1000 = 0.01 lot
In your case:
$1000 account, dynamic lot 0.1 means trade lot size will be 0.1% x $1000/1000 = 0.001 lot, but check your broker minimum trade lot size, if minimum lot size is 0.01 then you will trade always 0.01 lot not 0.001 lot.
Using dynamic account, if your account is larger due after closing your profit example in case a above your account become $3000 and you do not change your dynamic lot 0.5 means trade lot size will be 0.5% x $3000/1000 = 0.015 lot (but if will trade still 0.01 because minimum lot still 0.01 lot).
If your account increased to $4000, then your trade lot = 0.5% x 4000/1000 = 0.02 lot.
If you want to trade always fix at 0.01 lot even your account increased then use static lot 0.01.
To calculate profit loss= lot size x (initial price - last price) * 100
Do not forget also to calculate your required margin, for Gold, margin = (100 x Price x Lot Size) / Leverage
Your trade able account equity = initial account - profit loss - margin
Here is how your account balance $1000 when the gold price is decreasing and your trade lot = 0.01 lot, profit target 400 pips, initial price 1900, leverage 1:200:, without opening new position trade,
if Current price 1896, your position 0.01 x (1900 - 1896) *100 = -$ 4, margin = 100 * 1900 * 0.01/200 = $ 9.5, equity=$ 986.5
if Current price 1892, your equity will be 0.01 x (1900 - 1892) *100 = -$ 8, , equity= $ 982.5
if Current price 1888, your equity will be 0.01 x (1900 - 1888) *100 = -$ 16, equity = $ 974.5
if Current price 1702.16, your equity will be 0.01 x (1900 - 1702.16) *100 = -$ 197.84, equity = $ 792.66
Here I illustrate If the price movement (down below profit target, going up and down again without reach profit target), it will make EA generate several new position, if I assume that EA generate new position every -400 pips, if the price move from 1900 to 1702.16 (as last week price movement), then your account will be blown out if the price go down till 1824 and can open only 20 positions
Pos Lot Init Curr P/L Margin Equity
1 0.01 1900 1824 -76 9.5 914.5
2 0.01 1896 1824 -72 9.48 833.02
3 0.01 1892 1824 -68 9.46 755.56
4 0.01 1888 1824 -64 9.44 682.12
5 0.01 1884 1824 -60 9.42 612.7
6 0.01 1880 1824 -56 9.4 547.3
7 0.01 1876 1824 -52 9.38 485.92
8 0.01 1872 1824 -48 9.36 428.56
9 0.01 1868 1824 -44 9.34 375.22
10 0.01 1864 1824 -40 9.32 325.9
11 0.01 1860 1824 -36 9.3 280.6
12 0.01 1856 1824 -32 9.28 239.32
13 0.01 1852 1824 -28 9.26 202.06
14 0.01 1848 1824 -24 9.24 168.82
15 0.01 1844 1824 -20 9.22 139.6
16 0.01 1840 1824 -16 9.2 114.4
17 0.01 1836 1824 -12 9.18 93.22
18 0.01 1832 1824 -8 9.16 76.06
19 0.01 1828 1824 -4 9.14 62.92
20 0.01 1824 1824 0 9.12 53.8
Your account can't go more than 20 open position and your account can not withstand if the price going down till 1702.16
You can conclude by your self how calculate your account risk.
I hope Faiz will not block my account because I tell this ....peace...
*Коммерческое использование и спам не допускаются и могут привести к аннулированию аккаунта.
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