The whole EA market seems to work like this.
You have to purchase an EA, have more or less 30 or 60 days money back guarantee.

Better would be, if demo accounts and backtests would be for free, without any money flow.
So one can make a decision based on its own tests.

This would kick out all the scammers.

In the case of FXCharger this is a matter of taste.
My backtests shows drawdowns every 2 to 3 years. Which is not suprising as it's using martingale technologies and will happen with mathematical certainty.
The drawdown is limited by the risk you choose. So default value is 35%.
If it's profitbale overall then, I don't know, but at least it won't crash your account.

Feature Request for myFXbook:

I'd like to see all crashed accounts. Don't let public accounts be deleted.
If an EA developer choose to publish, this shouldn't be reversable.

Can anyone using this EA share his experience with it...?.. good or bad..?...
Thank you.

hi
anyone try this ea guys ?
thank you

Not much to say here.
It will bring you profits until it has a drawdown of 35% (default settings).

Question is: How often will the drawback happen?
Obviously it didn't happen here by now, but it will!

Their AUDUSD version of this crashed to zero... whooops.

It's a question of greed.
For sure, if you risk 100% it will crash the complete account.

It' a miracle, that it doesn't have crashed before.
And if you get 1000% in a year, you can try with a small amount ;-)

Look at all those bitcoin junkies. ;-)

HedgeEdge posted:
Their AUDUSD version of this crashed to zero... whooops.

Didnt I say so?

vontogr (togr) Jun 15 at 13:52
togr posted:
It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

and account gone!

togr posted:

HedgeEdge posted:
Their AUDUSD version of this crashed to zero... whooops.

Didnt I say so?

vontogr (togr) Jun 15 at 13:52
togr posted:
It is clear martingale.
All martingale ends up badly
You can never say when and that is the key.
It can end up badly very next week you use it on your account...
11.21.2016 14:15 11.23.2016 07:11 AUDUSD Buy 2.30 0.73746 0.74305 55.9 1289.88 1d 9.53%
11.22.2016 14:15 11.23.2016 07:11 AUDUSD Buy 3.45 0.74059 0.74305 24.6 851.84 16h 56m 5.75%
11.18.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.53 0.73913 0.74305 39.2 603.93 4d 4.67%
11.11.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.20 0.75868 0.74305 -156.3 -310.79 11d -2.09%
11.16.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.68 0.74769 0.74305 -46.4 -311.18 6d -2.29%
11.14.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.30 0.75505 0.74305 -120.0 -357.56 8d -2.46%
11.17.2016 14:15 11.23.2016 07:11 AUDUSD Buy 1.02 0.74660 0.74305 -35.5 -358.38 5d -2.70%
11.15.2016 14:15 11.23.2016 07:11 AUDUSD Buy 0.45 0.75615 0.74305 -131.0 -586.22 7d -4.13%

and account gone!

Hello,
Well, you said it almost year ago 😄 As you can see our EURUSD version still trades very good and AUDUSD was too, until these days. But yes, AUDUSD pair had really bad trend for us and unfortunately we was trades with all our deposit, not as we recommend to our client's. We trade with such risks, because it requires from us by community. Nobody interested in systems, that makes 5-10% monthly, but with very reliable trading - unfortunately 😞 Just need to specify risk 20-30% in EA and your account will be always fine.

Just released an update will see how it goes.. still sets up 2 trades one buy one sell almost at the same time then the profit is the difference..settings are default

@fxcharger Why is your myfxbook account not updated? Have you not made any trades in September?

nickcamire posted:
@fxcharger Why is your myfxbook account not updated? Have you not made any trades in September?

Hi Nickcamire,
Account is updated, it was not show anything, because there are was no closed trades. But already you can see closed trades - we reached TakeProfit 😎

Did you reduce risk, as announced some messages before?

MicF posted:
Did you reduce risk, as announced some messages before?

Hi! Yes, we did it a month ago.

@fxcharger Hi If i copy your trades on my #10k ic markets mt4 account? what lotsize do i have to use ? will it be ficed or variable?

faizanwazir1 posted:
@fxcharger Hi If i copy your trades on my #10k ic markets mt4 account? what lotsize do i have to use ? will it be ficed or variable?

Hi! We don't provide copy service for our system. But if you interested you can buy complete EA at our website: https://fxcharger.com/

userpro1 posted:
 EAs do not work its a myth

I agree. Many people are misled by the high returns and don't understand the downside possibilities. Nothing beats manual, discretionary trading when done properly.

Actually, there are a couple economists awarded for noble prices, why trading at all can't be successful.
Eugene Fama, Robert Merton, Robert Shiller (all separate prices and years)

And a lot of studies, that traders never beat the market in long term.
e. g. the monkey study

So why should an EA can do it?
In the end an EA is the monkey of upper mentioned study ;-)

So I rather have my monkey trading, as I know I'm not a lucky trader.

MicF posted:
Actually, there are a couple economists awarded for noble prices, why trading at all can't be successful.
Eugene Fama, Robert Merton, Robert Shiller (all separate prices and years)

And a lot of studies, that traders never beat the market in long term.
e. g. the monkey study

So why should an EA can do it?
In the end an EA is the monkey of upper mentioned study ;-)

So I rather have my monkey trading, as I know I'm not a lucky trader.

I agree many cannot make it in trading. I've blown a few accounts myself. It seems most successful traders do not participate in forums like MFXB. Its mostly losers posting. In any case, having MFXB you can compare systems and see who does the best for the time being. You can follow them, and when they start to flame out, get out quick.