crescendo Diskussion

Hello, can you confirm your user rights?

I am assuming this is Mark's account - Can you verify your trading privileges and have this page update more often. I have purchased the EA and would like to get full verification from you on myfxbook and track it here instead of login with the investor password. It seems you have worked hard to eliminate the any skepticism the EA/robot market ( in general ) has had in the past - I congratulate you on that accomplishment!

***4xFreak***

This account hasn't been updated since September 26th.

Attached an image of the open trades on this account at that date and the current state of affairs on Gbp/Jpy.

It's currently about an extra 640 pips in drawdown from what it is currently showing. Unless it's closed them for a loss.

There are some other posts on the site about Crescendo. You might want to go and read them.

It's interesting how people are still so skeptical even when it is a real account.

Don't get me wrong... skepticism is great especially when it comes to buying digital products on the internet... Hell... Skepticism should be applied especially when buying digital products on the internet.

But for forex ea... where do we draw the line? If real account is not enough to prove some certain amount of credibility or trustworthiness... then where is the line?

Don't buy into forex ea at all? Or don't get involve in forex ea at all?

I am not backing this guy... But... I blogged about wanting to get involve with it because someone has the balls to put their money where their mouth is... but now I am having second thoughts because of the remarks that I have been reading. I think I should read the work 'remarks' as skepticism.

Oh well... trying to understand the mass psychological part of this would make me insane. So... I will just decide in due time if I will want to get involve with Crescendo...

Steve, What do you mean 'There are some other posts on the site...' What site? I am testing the EA on a demo and wathcing the LIVE account here and on MT4stats.com. I would like to read the posts about this EA so please let me know which site you are refering to - Thanks
***Dale***

any person that has a profitab;le EA wou;ld never under any circumstances se;l;l it/.

if i own a goose that ;lays a one ounce go;lden egg per month, why wou;ld i se;l;l her?

obvious;ly, if i cou;ld cash out for the equiva;lent of many years of what i wou;ld make off of her eggs, then maybe i wou;ld take the money now and just get out/.

but the fx is not ;like the goose/.

with the fx, if you just feed her more $$ as in opm, she ;lays more eggs/.

nobody but nobody that has a viab;le EA wou;ld ever se;l;l it/.

i have been wrking on this project since 2004 and i may be now finished/.

i wou;ldnt se;l;l my code for a;l;l of the tea in china/.

current position: short eurgbp @ 8633

if i am right about this, i have found a hard bottom that when the price hits that ;leve;l, it aint going any further/.

and, i know the exact destination/target/.

good day gent;lemen and ;ladies,

zero/.

Casey, my criticism comes from the fact that it uses a staking system that is dangerous.
Any EA that uses a staking plan that adds to a losing position is just waiting for a black swan event to come along and wipe the account.

Just like martingale EA's, these systems appear to have a nice steady upward equity curve that lures people in with the promise of a steady predictable return on their investment. However the problem is that all the equity drawdown gets saved up until the end when it sucks the account dry.

They also reinforce bad trading habits. If you get used to the idea that it's perfectly fine for your account to go into for example 50% drawdown while trading then you will accept that this is a reasonable way to trade. It isn't.

Now, it's perfectly possible that Andrea has managed to find a way to place the trades in such a way that over the last ten years his account has not blown but all that means is that he's managed to curve fit it to the Black Swan events that have already happened - and black swan events are by their very nature always different than the last one...

But he is using a 30% DD SL exactly for the case of a 'black swan'.
So is not the case of the account blow up, else, is the case if the consistent profit overtime compensate an eventual 30% SL.

I have just posted my live account running Crescendo EA.

https://www.myfxbook.com/portfolio/crescendolive/52830

Lets see how it it goes :)

averagejoe posted:
    But he is using a 30% DD SL exactly for the case of a 'black swan'.
So is not the case of the account blow up, else, is the case if the consistent profit overtime compensate an eventual 30% SL.

The question then I guess is how often a 30% drawdown would occur then

Well, for 16.24% average monthly profit you could take a 30% hit every 2 months and still _survive_ with the account 😝

Yes, but depending on where they fell in the trading cycle and whether you were compounding or not it might not be pretty.
If you suffered a 30% drawdown at the end of the two months you would be worse off than when you started if you were compounding.

In fact if you were compounding and managed to get through six months without any drawdown stop losses and you were then unfortunate enough to suffer two 30% drawdowns one closely followed by another - which is actually a lot more likely than getting them spaced apart from each other - you would only be 23% up on your account.

Which admittedly is still a lot better than some investments.

A third 30% drawdown at this stage would leave you down on the account overall.

Looking at the LIVE account since Feb (six month period) - No drawdown has been bigger that 5-6%. In the last week the profit has increased by $161.93 and the drawdown increase by $104.74 ( at this moment ) 😎

...And what is the likelyhood of 3 Black Swans happening as you describe or even 2 for that matter?

The '4xFreak'

Well two happened in May during the Greek banking crisis.

stevetrade posted:
    Well two happened in May during the Greek banking crisis.

Hi Steve

It looks like May was the BEST perfoming Month for Crescendo???

Hmmmm 😄

That might be because the Greek banking crisis mainly affected EurUsd

Steve Lol. Will u do some math or read some more books be4 u say something out. Lol. Read all ur comments make me laugh so hard.

stevetrade posted:
    That might be because the Greek banking crisis mainly affected EurUsd

GBPUSD and GBPJPY suffered a drop of more than 1000 pips.

Remember, everything affecting EURUSD usually also affects GBPUSD as well, and usually is amplified :) This is due to strong direct correlation between the two pairs (EURUSD and GBPUSD). Also, GBPUSd average daily range (the difference between the daily H and L in pips) is 20% greater than EURUSD. And GBPJPY as and ADR 40% greater than GBPUSD.

May was the best month THANKS to the higher volatility. Crescendo works best in that situations. And for the same reason August has been the worst.

yes it likes high volitility, once you are in this mode you should modify the setting and get it to trade more frequently say 6 hours, then switch off when volitility slows down. Difficult to predict unless some one has any idea how we could see a trend of volitility and have a signal to tell us when its finished and ideas?