Forex Envy Power Edition (tarafından forex_trader_47717)
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Forex Envy Power Edition Tartışma
Aug 21, 2011 zamanından beri üye
6 iletiler
Sep 13, 2012 at 17:12
Aug 21, 2011 zamanından beri üye
6 iletiler
The risk of a «blow out» is imminent... Another 100 pips against the USD from a couple of majors and that's it. Risk increase exponentially with grid/martingale systems... It's a shame!
Q: Is the best way to do money with those system is to «crank it up hard» several times with a lot of small deposits time to time, averaging the SL with past history DDs? ...Because one day or another, you'll be out. So better to be fast! No?
I will be very surprised to calculate an «average» DD and apply it time to time, rugularly. Yes! Sometimes you'll be able to cash out 1000% in 1 month!... Or lose it all in 4-5 days, due to «we don't know why»... Is the (huge) sometime profits can surpass the (multiples) regular losses?
Any suggestions/commentary?
Jeff
Q: Is the best way to do money with those system is to «crank it up hard» several times with a lot of small deposits time to time, averaging the SL with past history DDs? ...Because one day or another, you'll be out. So better to be fast! No?
I will be very surprised to calculate an «average» DD and apply it time to time, rugularly. Yes! Sometimes you'll be able to cash out 1000% in 1 month!... Or lose it all in 4-5 days, due to «we don't know why»... Is the (huge) sometime profits can surpass the (multiples) regular losses?
Any suggestions/commentary?
Jeff
Aug 20, 2011 zamanından beri üye
588 iletiler
Sep 13, 2012 at 17:18
Aug 20, 2011 zamanından beri üye
588 iletiler
1 solution is to have 2 accounts:
1 big with the risk factor lower than 1 (so a target of 5 / 6% per month)
and a second one, small one, with higher risk (target 50% per month) and withdraw the profits into the big account as quickly as possible.
when the small one is killed, restart it by moving money from the big one into the small one...
I try this and the account was killed in 2 days ;-)
1 big with the risk factor lower than 1 (so a target of 5 / 6% per month)
and a second one, small one, with higher risk (target 50% per month) and withdraw the profits into the big account as quickly as possible.
when the small one is killed, restart it by moving money from the big one into the small one...
I try this and the account was killed in 2 days ;-)
Apr 18, 2012 zamanından beri üye
45 iletiler
Sep 14, 2012 at 02:11
Apr 18, 2012 zamanından beri üye
45 iletiler
I was using recommended settings and all my accounts and my nephews accounts blew up today. Something definaatly not right.
And it's been 17 hours since the stats have been updated.. I'd like to know what they look like now..
And it's been 17 hours since the stats have been updated.. I'd like to know what they look like now..
If you are makeing less than 100% a month you aren't doing it right!
Jun 24, 2012 zamanından beri üye
69 iletiler
Sep 14, 2012 at 03:06
(Sep 14, 2012 at 03:13 düzenlendi)
Jun 24, 2012 zamanından beri üye
69 iletiler
Tneedham:
My accounts blew up today using FE power edit with basic set up both power long and short.
One account with 5 times more fund than required blew up because I am pretty sure 50% broker/50% FE coding bug
Reason1 : broker didn't sold my EURUSD in 1 min retracement for whatever reason
Reason2 : Broker quoting system is able to effect FE code bugs, It double order both EURUSD and NZDUSD resulting overtrade at big lots.
Results : All money Plus bonus money gone
One small account blew up due 30% lost from 'Chicken out' 2 days ago from strange USDCAD level 15 and it was in 'freeze to TP modes' but still blew up.
Reason 1: - 10% slightly underfund
Reason 2: - EurUSD didn't sold for whatever reason in 1 min retracement
Results : MC call and only 20% money remain
Another small account blew up due to slightly underfund.
Reason 1: - 20% Underfund
Reason 2: - EurUSD didn't sold in for whatever reason 1 min retracement
Results : MC call and only 20% money remain.
I had total 4 live accounts blew up on me by Power long pair ( everyone said that it is safe), and 2 demo accounts blew up on me. Am I really bad luck or There are problem with FE 3?
My accounts blew up today using FE power edit with basic set up both power long and short.
One account with 5 times more fund than required blew up because I am pretty sure 50% broker/50% FE coding bug
Reason1 : broker didn't sold my EURUSD in 1 min retracement for whatever reason
Reason2 : Broker quoting system is able to effect FE code bugs, It double order both EURUSD and NZDUSD resulting overtrade at big lots.
Results : All money Plus bonus money gone
One small account blew up due 30% lost from 'Chicken out' 2 days ago from strange USDCAD level 15 and it was in 'freeze to TP modes' but still blew up.
Reason 1: - 10% slightly underfund
Reason 2: - EurUSD didn't sold for whatever reason in 1 min retracement
Results : MC call and only 20% money remain
Another small account blew up due to slightly underfund.
Reason 1: - 20% Underfund
Reason 2: - EurUSD didn't sold in for whatever reason 1 min retracement
Results : MC call and only 20% money remain.
I had total 4 live accounts blew up on me by Power long pair ( everyone said that it is safe), and 2 demo accounts blew up on me. Am I really bad luck or There are problem with FE 3?
Aug 20, 2011 zamanından beri üye
588 iletiler
Sep 14, 2012 at 03:12
Aug 20, 2011 zamanından beri üye
588 iletiler
unfortunatly we cant associate the big moves on the market to a FE bug...
there is no pullback on a lot of pairs for many days. with or without bugs in FE, all the accounts are stressed a lot.
its like the sell / buy strength has completly changed on the market, and nobody is here to try to counter the trend.
we have to except a flat market tomorrow and some actions or news to raise the pull backs...
there is no pullback on a lot of pairs for many days. with or without bugs in FE, all the accounts are stressed a lot.
its like the sell / buy strength has completly changed on the market, and nobody is here to try to counter the trend.
we have to except a flat market tomorrow and some actions or news to raise the pull backs...
Jun 24, 2012 zamanından beri üye
69 iletiler
Sep 14, 2012 at 03:23
Jun 24, 2012 zamanından beri üye
69 iletiler
Willgart:
I agree with you, I find that retracement is so weak and very short now.
I still have one big account floating stressing by NZDUSD, I hope that it will recoved.
Basicly, ALL FE accounts are under stress badkt right now.
Are all Grid Martingale EA the same? not really sure.
Sometime, I am wondering why Other EA with same style 'Grid martingale', Totalgrid, I am running it both live and Demo, it is at about 5% DD while FE DD is 50%
I agree with you, I find that retracement is so weak and very short now.
I still have one big account floating stressing by NZDUSD, I hope that it will recoved.
Basicly, ALL FE accounts are under stress badkt right now.
Are all Grid Martingale EA the same? not really sure.
Sometime, I am wondering why Other EA with same style 'Grid martingale', Totalgrid, I am running it both live and Demo, it is at about 5% DD while FE DD is 50%
Aug 20, 2011 zamanından beri üye
588 iletiler
Sep 14, 2012 at 03:28
Aug 20, 2011 zamanından beri üye
588 iletiler
I'm using totalgrid too, and I already got a margin call, quicker than FE.
I found FE better balanced for the lot size and TP points.
but the overall management of totalgrid is superior and should protect the account more than FE does.
but both are martingale and can suffer MC quickly...
I think the market will come back to good movement next week. the strenght cant continue like this.
I found FE better balanced for the lot size and TP points.
but the overall management of totalgrid is superior and should protect the account more than FE does.
but both are martingale and can suffer MC quickly...
I think the market will come back to good movement next week. the strenght cant continue like this.
Jun 24, 2012 zamanından beri üye
69 iletiler
Sep 14, 2012 at 04:00
Jun 24, 2012 zamanından beri üye
69 iletiler
Willgart:
I use latest Totalgrid with low risk setting, but it still produce same profits as FE Power, It improves quite fast, It fixes that negative basket problem, It doesn't have news server, it seems that it has some fuzz logic, and it will automatic ' Freeze to TP' randomly to reset all level to o, it will keep level low, also it uses much lower profit taking point than FE long so it can esape with smaller price rebouce.
Anyway, Those Grid Martinegrale EA are danger, I am looking for other safer EA.
I hope that market can come back to good movement ASAP so my other FE account will be safe.
I use latest Totalgrid with low risk setting, but it still produce same profits as FE Power, It improves quite fast, It fixes that negative basket problem, It doesn't have news server, it seems that it has some fuzz logic, and it will automatic ' Freeze to TP' randomly to reset all level to o, it will keep level low, also it uses much lower profit taking point than FE long so it can esape with smaller price rebouce.
Anyway, Those Grid Martinegrale EA are danger, I am looking for other safer EA.
I hope that market can come back to good movement ASAP so my other FE account will be safe.
forex_trader_72682
Apr 06, 2012 zamanından beri üye
1 iletiler
Sep 14, 2012 at 06:10
Apr 06, 2012 zamanından beri üye
1 iletiler
Is this Envy account going to blow soon?😞
forex_trader_32776
Mar 28, 2011 zamanından beri üye
1008 iletiler
Sep 14, 2012 at 09:12
Mar 28, 2011 zamanından beri üye
1008 iletiler
the performance / survival rate of any Grid Martingale relies on ONE Factor - Its the Grid Step vs Takeprofit. Some get lucky and get the retracement which will close the basket and others can miss the retracement by One pip. A smaller gridstep can get more profits and close the baskets easier but the Risk is far greater since the lot size can multiply very quickly.
Will Envy accounts Blow? It wouldn't be their First nor their last.
It only takes ONE currency pair to Trend to kill your account and Forex Envy runs on many pairs == More chances of margincall
Will Envy accounts Blow? It wouldn't be their First nor their last.
It only takes ONE currency pair to Trend to kill your account and Forex Envy runs on many pairs == More chances of margincall
Oct 03, 2010 zamanından beri üye
155 iletiler
Sep 14, 2012 at 09:50
Oct 03, 2010 zamanından beri üye
155 iletiler
Grid EA will kill your account sooner or later and it is a stressful trading practice. Better look for less profitable but safer EA.
forex_trader_32776
Mar 28, 2011 zamanından beri üye
1008 iletiler
Sep 14, 2012 at 10:08
Mar 28, 2011 zamanından beri üye
1008 iletiler
its just the setting that ppl use. the strategy works fine if you only look for 5% a month. most users want 50% a month =)
May 24, 2010 zamanından beri üye
371 iletiler
Sep 14, 2012 at 10:26
May 24, 2010 zamanından beri üye
371 iletiler
This is real statements Forex Envy Power Edition
https://statements.forexpeacearmy.com/6dc7b30c4fd11fa56d49ffaef8d0c4081040f0dd.htm
Floating P/L: -53 221.41
Equity: 31 731.63
Neither does not surprised, that they banned monitoring of account.
https://statements.forexpeacearmy.com/6dc7b30c4fd11fa56d49ffaef8d0c4081040f0dd.htm
Floating P/L: -53 221.41
Equity: 31 731.63
Neither does not surprised, that they banned monitoring of account.
forex_trader_32776
Mar 28, 2011 zamanından beri üye
1008 iletiler
Sep 14, 2012 at 10:42
(Sep 14, 2012 at 10:45 düzenlendi)
Mar 28, 2011 zamanından beri üye
1008 iletiler
its only $50 account. one sale of the EA and they can fund 5 more of these accounts.
reports on Donna, accounts are blowing up left and right. but september is common to see big moves, right after the summer
reports on Donna, accounts are blowing up left and right. but september is common to see big moves, right after the summer
Aug 20, 2011 zamanından beri üye
588 iletiler
Sep 14, 2012 at 10:50
Aug 20, 2011 zamanından beri üye
588 iletiler
we really are under a unique market scenario.
the totalgrid guy publish some stats,
98.5% of the trades are closed before the level 11 (which could be like a level14 or 15 in FE)
currently the TG account is at the level 13. (or a missing level 17 in FE)
the max hitted during back tests was 14, so we are near the record...
the market is in a very rare case, the probability of having this market is less than 0.5%!!! (or 1 time a year)
here we have the problem of having more than 1 pair in the sky.
martingale systems are not designed to survive this point.
conclusion, for FE, get the current market and identify the settings to survive it and you'll have a new set of settings safer which can survive incredible market.
Because the profit will certainly be reduced. I think the strategy will be more an emergency action plan to put in place if the user want to survive, like:
set the freeze to all pair to on
add X% of capital to the account
activate the setting mode 7 for the pairs in trouble (a level which raise the number of trades, without raising the lot size)
and wait
if the account is saved, withdraw the added capital. else... well...
I'll refund my accounts next week, because the probability of profit will be high after a so big move.
when I got my first margin call, I got 100% the following month!
the totalgrid guy publish some stats,
98.5% of the trades are closed before the level 11 (which could be like a level14 or 15 in FE)
currently the TG account is at the level 13. (or a missing level 17 in FE)
the max hitted during back tests was 14, so we are near the record...
the market is in a very rare case, the probability of having this market is less than 0.5%!!! (or 1 time a year)
here we have the problem of having more than 1 pair in the sky.
martingale systems are not designed to survive this point.
conclusion, for FE, get the current market and identify the settings to survive it and you'll have a new set of settings safer which can survive incredible market.
Because the profit will certainly be reduced. I think the strategy will be more an emergency action plan to put in place if the user want to survive, like:
set the freeze to all pair to on
add X% of capital to the account
activate the setting mode 7 for the pairs in trouble (a level which raise the number of trades, without raising the lot size)
and wait
if the account is saved, withdraw the added capital. else... well...
I'll refund my accounts next week, because the probability of profit will be high after a so big move.
when I got my first margin call, I got 100% the following month!
forex_trader_32776
Mar 28, 2011 zamanından beri üye
1008 iletiler
Sep 14, 2012 at 11:07
Mar 28, 2011 zamanından beri üye
1008 iletiler
or just turn off the EA's when QE4 comes out =)
finding a grid setting to profit this month would reduce the profits so much during the rest of the year as you mentioned.
finding a grid setting to profit this month would reduce the profits so much during the rest of the year as you mentioned.
May 24, 2010 zamanından beri üye
371 iletiler
Sep 14, 2012 at 11:53
May 24, 2010 zamanından beri üye
371 iletiler
Jun 15, 2011 zamanından beri üye
76 iletiler
Sep 14, 2012 at 12:32
Jun 15, 2011 zamanından beri üye
76 iletiler
how come they arent showing us?
It stopped updating yesterday...
I warned them many a time there settings were to aggressive..
It stopped updating yesterday...
I warned them many a time there settings were to aggressive..
Apr 18, 2012 zamanından beri üye
102 iletiler
Sep 14, 2012 at 12:55
Apr 18, 2012 zamanından beri üye
102 iletiler
forex_trader_32776
Mar 28, 2011 zamanından beri üye
1008 iletiler
Sep 14, 2012 at 13:31
Mar 28, 2011 zamanından beri üye
1008 iletiler
an extra 0.44 on NU isn't enough to blow all the FE accounts.
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