Flex EA 3x Retrace (Genom forexfbi)
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Flex EA 3x Retrace Diskussion
Jun 05, 2015 at 22:23
1,131 Visa
15 Replies
Jul 16, 2015 at 07:39
right now, Michael, it is down 27%, 3 trades on 3 pairs tanking. Hope the guy has a DD cutoff.
I have this same strategy on my live account. It took the same trade as this account yesterday on eur/cad, but mine has not opened these 3 trades on 3 pairs.
I also have a 100 pip stop loss. 0.03,0.06.0.12 so I would lose about $210 per pair failing. Or $630 on a $1500 account.
MY VT=8
I have this same strategy on my live account. It took the same trade as this account yesterday on eur/cad, but mine has not opened these 3 trades on 3 pairs.
I also have a 100 pip stop loss. 0.03,0.06.0.12 so I would lose about $210 per pair failing. Or $630 on a $1500 account.
MY VT=8
Medlem sedan Nov 02, 2012
4 inlägg
Jul 24, 2015 at 08:30
Are we able to get the Flex EA settings for this?
Medlem sedan May 20, 2011
724 inlägg
Jul 27, 2015 at 08:31
(redigerad Jul 27, 2015 at 08:34)
Wow this has had a great run so far! Really impressed with this. Watching
Jul 27, 2015 at 14:34
bradmanfx posted:
right now, Michael, it is down 27%, 3 trades on 3 pairs tanking. Hope the guy has a DD cutoff.
I have this same strategy on my live account. It took the same trade as this account yesterday on eur/cad, but mine has not opened these 3 trades on 3 pairs.
I also have a 100 pip stop loss. 0.03,0.06.0.12 so I would lose about $210 per pair failing. Or $630 on a $1500 account.
MY VT=8
I see that the three trades are still open. I have to say that it can get quite scary to think of loosing $610 out of $1500 ... that's close to half the total equity.
Will keep watching the EA though to determine if I'll invest my money in it.
Better to make little profit than to loose.
Jul 29, 2015 at 06:37
I guess the USD CAD was closed out manually at about 9% loss.
The very same second the 3 floating trades closed, it opened another USD CAD position.
So I am not sure what was happening, if something was programmed into the EA or if something manual happened.
Either way, my default took the same EURNZD that this 3X took.
If anyone is thinking of trying this strategy, I suggest you stick to default. That's my 5 cents...
😕
The very same second the 3 floating trades closed, it opened another USD CAD position.
So I am not sure what was happening, if something was programmed into the EA or if something manual happened.
Either way, my default took the same EURNZD that this 3X took.
If anyone is thinking of trying this strategy, I suggest you stick to default. That's my 5 cents...
😕
Medlem sedan May 20, 2011
724 inlägg
Jul 29, 2015 at 08:12
(redigerad Jul 29, 2015 at 08:13)
bradmanfx posted:hmmmm interesting! He was earning good swap on it LOL
I guess the USD CAD was closed out manually at about 9% loss.
The very same second the 3 floating trades closed, it opened another USD CAD position.
So I am not sure what was happening, if something was programmed into the EA or if something manual happened.
Either way, my default took the same EURNZD that this 3X took.
If anyone is thinking of trying this strategy, I suggest you stick to default. That's my 5 cents...
😕
Since when does this trade EURNZD? Not on recommended pairs list.
Medlem sedan Aug 07, 2014
9 inlägg
Aug 24, 2015 at 13:50
BOOM. Account Blown. Really didn't see this coming :/
Medlem sedan Apr 14, 2011
72 inlägg
Aug 24, 2015 at 15:39
See? Grid, martingale blows accts! How many more examples do you need? It blows accounts!
Never ever ever give up!!!
Medlem sedan May 04, 2012
1608 inlägg
Aug 24, 2015 at 19:51
(redigerad Aug 24, 2015 at 19:52)
Another Martingale Story...
Bilagor:
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Medlem sedan Dec 28, 2014
6 inlägg
Aug 24, 2015 at 21:06
pblam posted:
What Happened!?!?!
What happened...?? what happened...??
TYPICAL MARTINGALE destruction.
That is what happened...!!!! It looks good until it is destroyed.
Medlem sedan Apr 14, 2011
72 inlägg
Aug 24, 2015 at 22:01
3xRetrace did not even last 4 full months. And they took off the link from sales page. This must be a lesson to potential buyers of GRID, MARTINGALE. Grid is bad enough but it is combined with outrageous martingale.
Never ever ever give up!!!
Medlem sedan Oct 20, 2013
136 inlägg
Aug 26, 2015 at 21:01
Not all grid traders are bad. I would not trade anything else
look at his https://www.myfxbook.com/members/FX_Hunter_net/fx-hunter-real/694954
It has been consistent for 3 years. The developer updates the strategies constantly. It was a close shave with the audnzd as it did make a drawdown of 69% but then he changed and revised that strategy and made it a lot more conservative with a max drawdown of 18%
Excellent Grid story and I am using it amongst other grid traders that I developed myslef
look at his https://www.myfxbook.com/members/FX_Hunter_net/fx-hunter-real/694954
It has been consistent for 3 years. The developer updates the strategies constantly. It was a close shave with the audnzd as it did make a drawdown of 69% but then he changed and revised that strategy and made it a lot more conservative with a max drawdown of 18%
Excellent Grid story and I am using it amongst other grid traders that I developed myslef
Time is Money
Medlem sedan Nov 02, 2012
4 inlägg
Sep 01, 2015 at 13:38
Not the last time a Martingale system blows an account. I've used demo accounts on this for years trying to come up with the magic formula.
The best I can come up with is make as much as you can over several weeks or a month, withdraw the profit and put it aside, make as much as you can again, withdraw, etc.
If you double the account take the profit, if the account blows then add back in what you had already taken out.
Not a very consistent approach to trading, risky as you can blow several accounts in very short succession when the market is crazy and then when you make long term profits the mind-greed takes over and you start to pushing the limits only to have it all taken away very quickly.
Still working on consistent approach to this strategy. I know there is one, just not sure of the rules ....... yet!
The best I can come up with is make as much as you can over several weeks or a month, withdraw the profit and put it aside, make as much as you can again, withdraw, etc.
If you double the account take the profit, if the account blows then add back in what you had already taken out.
Not a very consistent approach to trading, risky as you can blow several accounts in very short succession when the market is crazy and then when you make long term profits the mind-greed takes over and you start to pushing the limits only to have it all taken away very quickly.
Still working on consistent approach to this strategy. I know there is one, just not sure of the rules ....... yet!
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