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BlueMonkey Real Money Live Test == Ended Oct 2014 (Od bluemonkey)
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BlueMonkey Real Money Live Test == Ended Oct 2014 Diskusia
Členom od Aug 20, 2011
587 príspevkov
Sep 04, 2014 at 14:11
robotchallenge posted:
The vendor disconnected his account to myfxbook for more than 1 day during this eurgbp drawdown to hide the fact that his new maximum dd was going to far exceed the calculated 28% that is currently displayed. Very deceptive since I would guess that the account was nearly wiped out and he was very lucky that it corrected when it did otherwise he would have been in need of a new account on his website. It really is only a matter of time before it is margin called with the risk level he is using in an attempt to display such huge gains.
not updating myfxbook did not impacts the DD calculation.
but the myfxbook DD is very very bad.
I strongly recommend to use fxblue for this. (old mt4i)
this site provides an hourly DD which is closer to the reality.
Členom od Dec 07, 2009
134 príspevkov
Sep 04, 2014 at 14:33
There is no way that the dd was under 28% during the recent move. The eurgbp trades moved 40 pips further against him on a large basket. When you check the account it is normally showing a very recent update but during this whole recent dd it was showing "1 day" or similar.
Be afraid, very afraid?
Členom od Aug 20, 2011
587 príspevkov
Sep 04, 2014 at 15:01
like I said... myfxbook do a really bad job for the DD side...
check the sum of the DD for the 15 trades in the batch, it's more than 245$
myfxbook calculate a DD of 85$, a big difference :)
check the sum of the DD for the 15 trades in the batch, it's more than 245$
myfxbook calculate a DD of 85$, a big difference :)
Členom od Feb 24, 2014
190 príspevkov
Sep 04, 2014 at 15:03
Well I had just about the same trades as the master acct with a risk of 10% of the account. I never hit the sl and stayed under the 10% too...
Členom od Jul 31, 2013
33 príspevkov
Sep 04, 2014 at 20:59
robotchallenge posted:
The vendor disconnected his account to myfxbook for more than 1 day during this eurgbp drawdown to hide the fact that his new maximum dd was going to far exceed the calculated 28% that is currently displayed. Very deceptive since I would guess that the account was nearly wiped out and he was very lucky that it corrected when it did otherwise he would have been in need of a new account on his website. It really is only a matter of time before it is margin called with the risk level he is using in an attempt to display such huge gains.
I don´t think he has exceed to much 30% drawdown...in forex peace army account the drawdown was 30% but you´re right that he has been waiting for todays market reaction...that´s obvious. Is his decision wether or not he cuts the trades when there´s a 30% drawdown. In this case things have gone right but as you say is a matter of time that the account crashes...but I suppose that it´s normal looking for those returns...we can´t forget that issue...for example I have only experimented during this a maximal drawdown of 5%...so is a personal choice
Členom od Apr 10, 2013
34 príspevkov
Sep 04, 2014 at 20:59
Hi Alex
I don't understand why the BM did not close the EURGBP trades when they where still in profit? So far I have been having good results with BM. Just questioning if there is a problem, as if I understand correctly, the EA does not close the trade your server does? I am running on a VPS server and all other transactions are okay.
Please Advise
Regards
Shaun
I don't understand why the BM did not close the EURGBP trades when they where still in profit? So far I have been having good results with BM. Just questioning if there is a problem, as if I understand correctly, the EA does not close the trade your server does? I am running on a VPS server and all other transactions are okay.
Please Advise
Regards
Shaun
Just make it happen
Členom od Jul 31, 2013
33 príspevkov
Sep 04, 2014 at 20:59
robotchallenge posted:
There is no way that the dd was under 28% during the recent move. The eurgbp trades moved 40 pips further against him on a large basket. When you check the account it is normally showing a very recent update but during this whole recent dd it was showing "1 day" or similar.
Yes I agree...but maybe the drawdown hasn´t been too much higher than 30% drawdown..but obviouslu higher than 28%...that´s for sure
Členom od Jul 31, 2013
33 príspevkov
Sep 04, 2014 at 21:00
That´s Ok 35% DD...what expected more or less...
Členom od Oct 23, 2012
341 príspevkov
Sep 04, 2014 at 21:01
shows 40%DD pn FPA, but only 35% here, seems the vendor set it up to show only the best DD..
http://www.forexpeacearmy.com/metatrader_expert_advisor/blue_monkey/real
http://www.forexpeacearmy.com/metatrader_expert_advisor/blue_monkey/real
if you follow the flock like sheep you always end up stepping in shit!
Členom od Jun 22, 2014
423 príspevkov
Sep 04, 2014 at 21:03
junglejake posted:
Hi Alex
I don't understand why the BM did not close the EURGBP trades when they where still in profit? So far I have been having good results with BM. Just questioning if there is a problem, as if I understand correctly, the EA does not close the trade your server does? I am running on a VPS server and all other transactions are okay.
Please Advise
Regards
Shaun
It has closed.
if it doesnt, try re-attaching the EA to the chart and it should be ok.
A
Členom od Jun 22, 2014
423 príspevkov
Sep 04, 2014 at 21:07
============ ANNOUNCEMENT
============ ANNOUNCEMENT
============ ANNOUNCEMENT
Please don't change timeframe after attaching the EA to the chart. It doesn't matter what timeframe you attach the EA to but once attached, don't change the timeframe.
Alex
============ ANNOUNCEMENT
============ ANNOUNCEMENT
Please don't change timeframe after attaching the EA to the chart. It doesn't matter what timeframe you attach the EA to but once attached, don't change the timeframe.
Alex
Členom od Dec 10, 2013
82 príspevkov
Sep 05, 2014 at 07:46
Alex, why did your account did not got to the 30% rule? All my sells from yesterday where closed with a loss because of the 30% rule. Do you have a higher rule?
now or never!
Členom od Jul 17, 2014
3 príspevkov
Sep 05, 2014 at 07:46
1. Do I need a USD account, or currency is not important?
2. May I start with demo account as well? Do you need a number of demo account?
3. Which broker do you recommend, I can choose between Alpari, Armada, Admiral Markets, XM, Iron FX
2. May I start with demo account as well? Do you need a number of demo account?
3. Which broker do you recommend, I can choose between Alpari, Armada, Admiral Markets, XM, Iron FX
forex_trader_8565
Členom od Mar 12, 2010
106 príspevkov
Sep 05, 2014 at 08:00
bluemonkey posted:
============ ANNOUNCEMENT
============ ANNOUNCEMENT
============ ANNOUNCEMENT
Please don't change timeframe after attaching the EA to the chart. It doesn't matter what timeframe you attach the EA to but once attached, don't change the timeframe.
Alex
Hi Alex,
You have couple times announcement,
why not find some place to collect these announcement ?
Thanks.
Členom od Sep 02, 2014
11 príspevkov
Sep 05, 2014 at 13:37
The BM did not close the EURGBP trades till now what is the problem, Did you say that set and forget, and your EA entered buy on the same pair what can i do now
Členom od Jul 31, 2013
33 príspevkov
Sep 05, 2014 at 13:38
Atsiekratsie posted:
Alex, why did your account did not got to the 30% rule? All my sells from yesterday where closed with a loss because of the 30% rule. Do you have a higher rule?
Hi Atsiekratsie...
He doesn´t have the risk parameter set to 30%, maybe 50-60% or higher...who knows??. It´s obvious...for the vendor is better not to assume that lose (the balance curve is much prettier this way than if he assumes a 30% lose) but he can blow the account...so he´s really taking higher risks...If you appreciate your money use your own criteria...
Good luck
Členom od Jun 22, 2014
423 príspevkov
Sep 05, 2014 at 17:43
============ ANNOUNCEMENT
============ ANNOUNCEMENT
============ ANNOUNCEMENT
We got this email today from IBFX which is our broker. As unfortunate as it is, there is not much we can do about it. We will let you guys know in the comming days how we will deal with the issue and further update you with the launch of new account.
A
============ IBFX EMAIL CONTENT
Dear Client,
IBFX, Inc. (IBFX) has made a business decision to no longer to service individual MT4 online platform accounts and has recently agreed to transfer your current IBFX “MT4” account to Forex Capital Markets, LLC (FXCM), a Registered Foreign Exchange Dealer (RFED) with the National Futures Association (NFA ID 0308179). As a result, IBFX and FXCM have made arrangements to transfer your account to FXCM on September 19, 2014.
If you have no objection to the transfer of your account to FXCM, then no action is required. Effective September 19, 2014 at approximately 5:00 pm ET, IBFX will transfer your account, client money balance, customer data and non-transactional history to FXCM. Following such transfer, your account and positions will be reopened with FXCM, and FXCM will be the counterparty to your positions and service provider to your account(s). You will be bound by the FXCM Customer Agreement, which amends and replaces the current customer agreement you have in place with us.
Please note that any net open positions you have in your account below 1,000 units will be liquidated via a market order shortly before the transfer. Any net open positions you have in your account in any increment that is not 1,000 unit increments will be partially liquidated so that after such liquidation your position will be in increments of 1,000 units. For example, if your net open position in the EUR/USD was 12,500 before the time of the transfer, IBFX will liquidate 500.
In order to facilitate the transfer of your account, trading will be suspended in your account at 3:00 pm ET on Friday, September 19, 2014. Then the open positions in your account(s) will be transferred. The transfer itself will not affect the equity of your account. Please note that pending orders will not be reinstated after the transfer. You must reinstate any pending orders after the transfer.
You have the right to opt out of the transfer but because IBFX has made a business decision to no longer to service individual MT4 online platform accounts, if you do opt out, then on September 19, 2014 all open positions in your account will be liquidated via market orders and, once that has been completed, appropriate steps will be taken to close your account. You also have the option to direct IBFX to liquidate your positions prior to the transfer.
If you choose to opt out of the transfer of your account or want to direct IBFX to liquidate your positions, you must notify us of that decision by 5:00 pm ET, Wednesday, September 17, 2014. Failure to opt out by this date will result in your account being transferred on September 19, 2014. Should you choose to opt out, liquidate your positions or if you have any questions about this notice please contact Tom Hammergren, Vice President of Customer Service or our client services team at 866-468-3739, or if you are calling from outside of the United States at 1-801-930-6800. You may also contact the Firm by email or chat at www.ibfx.com/Contact
Information on Forex Capital Markets, LLC
NFA ID: 0308179
James Munkittrick / Senior Vice President of Sales*
Address: 55 Water Street, 50th Floor, New York, NY 10041
Website: www.fxcm.com
Email: [email protected]
Telephone: (646) 432 2957
Sincerely,
The IBFX Team
Členom od Feb 24, 2014
190 príspevkov
Sep 05, 2014 at 18:54
So what does this mean for us? Is it going to have to reset your account on mfb?
Členom od Jun 22, 2014
423 príspevkov
Sep 05, 2014 at 19:15
askew8 posted:
So what does this mean for us? Is it going to have to reset your account on mfb?
nothing. everything will work just the same. yet we may have to migrate to a new account with no history and might be a new myfxbook page.
kinda bummer but what can we do. 😞
A
Členom od Feb 24, 2014
190 príspevkov
Sep 05, 2014 at 20:01
Question: I am taking on a 5% risk per chart. My acct is 5900 and my lot set is .02 with risk set to 5. I played with it before with 10% but couldn't stomach losing yhat much per trade. When doing the 10% risk, I got the dynamic lots but since changing to lower risk I only get .01 lots opening. At what point will tge ea start trading with a higher lot size and dynamic lots?
