FxPapa Expert Advisor Diskusia

Alec posted:

phil posted:
Doesn't everyone not set thier own stop loss by percentage of account.

No. The percentage affects the lot size. The stop loss is always around 200 pips (sum of 3 positions).

Yes but you can still control the amount you lose. FXPAPA seems to not have the s/l set as we've seen other times. I believe they do this to provide a nicer looking chart. They have done this in the past. That is why my results are not as good as theirs because my stop hits where theirs doesn't.
Why get rid of the chart?

bye bye papa^^ why now private?

because he does not want to be seen with bad dd,it could affect the service sales,it understandable but a red fag ,he should stay fearless of showing everything because people paid for this, 50% dd on fpa

Close -624 pips. I talked to at the outset that this is bad EA.

25362101 2012.07.25 17:00 sell 0.60 eurusdm 1.21257 0.00000 0.00000 2012.08.02 12:35 1.24002 0.00 0.00 0.30 -164.70 -275
25382480 2012.07.26 10:28 sell 0.60 eurusdm 1.21881 0.00000 0.00000 2012.08.02 12:35 1.24016 0.00 0.00 0.21 -128.10 -214
25388198 2012.07.26 12:08 sell 0.60 eurusdm 1.22662 0.00000 0.00000 2012.08.02 12:35 1.24010 0.00 0.00 0.21 -80.88 -135

https://statements.forexpeacearmy.com/fx_papa_real/statement_new.htm

PS1: The Same Vendor like : https://www.cyber-forex.com

PS2: https://www.myfxbook.com/members/Cyber_Forex/cyber-forex/128885

This is what I thought for some time and now I am sure about FxPapa.

Strategy had no losses so it probably was manipulated. They could add a code in the EA so that when 3 trades were open, the EA would automatically increase the risk until it wins, so that no loss never happened in the strategy. This didn't happen in real account. We saw losses when 3 trades were open and now, FxPapa tried to do what probably was made in Strategy, but didn't work this time because the value didn't come back. If 3 trades are open, you are very close to lose, then you can increase the risk, so that they remain open until you wins or lose everything. If DD increases just a little, no potential buyer will be able to notice that a strategy. But this time, it didn't work. DD was too big and account was hidden so that he can sell a few more copies.

Now that everyone knows that there is a lack of honesty here, my suggestion is:

1. change to other EAs. Forget this person and all his EAs he/she may launch from now on.
2. Go to FPA and write a comment about this. I'm giving 1 star.

In my view there was lack of honesty here, I don't know if you agree.

therebox posted:
This is what I thought for some time and now I am sure about FxPapa.

Strategy had no losses so it probably was manipulated. They could add a code in the EA so that when 3 trades were open, the EA would automatically increase the risk until it wins, so that no loss never happened in the strategy. This didn't happen in real account. We saw losses when 3 trades were open and now, FxPapa tried to do what probably was made in Strategy, but didn't work this time because the value didn't come back. If 3 trades are open, you are very close to lose, then you can increase the risk, so that they remain open until you wins or lose everything. If DD increases just a little, no potential buyer will be able to notice that a strategy. But this time, it didn't work. DD was too big and account was hidden so that he can sell a few more copies.

Now that everyone knows that there is a lack of honesty here, my suggestion is:

1. change to other EAs. Forget this person and all his EAs he/she may launch from now on.
2. Go to FPA and write a comment about this. I'm giving 1 star.

In my view there was lack of honesty here, I don't know if you agree.

I agree with you. It's scam. Robs inexperienced traders. That was done a second time!

https://www.forexpeacearmy.com/public/review/www.FxPapa.com

It's not an EA. It's a trade copier signal service with a one time payment. Its not a scam, its only a system that didn't have the right ingredients to survive in the long run. It should have been obvious by the positively inclined equity curve like most grids. Once clients saw how the rules of the system were broken , they should have ditched the system until the dust settled.

This isn't the first time this strategy failed. His first account Blew in 2011 - https://www.myfxbook.com/community/trading-systems/cyber-forex/136966,1

and yes he changed the name to fxpapa and I'm sure he will do it again. A little investigating goes a long way. - https://www.donnaforex.com/forum/index.php?topic=4888.15

https://www.forexpeacearmy.com/metatrader_expert_advisor/cyber_forex_additional_demo_test/demo

https://www.myfxbook.com/community/trading-systems/cyber-forex/125545,1

sure makes me wonder how many people he screwed, what a shame.

i have stopped using FXPapa since second loss, how did it end up guys?

This EA bombed out

https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real

Anyone who had used this EA live must have either loss all their money or around 50%

So sorry to hear that!

I am glad I stopped testing this EA a long time ago

May I know how about 399 $ which is pay for this robot at least must run for us dose-matter is loss or win bqz we pay and must work unlimited time.😭

i hope you learnt your lesson. EAs with no visible sl and has a grid component does not work.