I find it very funny, how people discuss here.

As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.

So knowing that, risk management is all that counts. And hence your personal risk bearing ability.

That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).

So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.

I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.

Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.

Mic

Hello,
I wanted to ask you how this is going?
Yours sincerely

i am using fx charger ,
so far so good, since they helped me to set my risk management.
i will update my review each month.
im using both eur usd and aud usd with 35 percent risk management for each.
its seems safe.
i trust you fxcharger, keep it up

MicF posted:
I find it very funny, how people discuss here.

As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.

So knowing that, risk management is all that counts. And hence your personal risk bearing ability.

That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).

So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.

I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.

Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.

Mic

Hi! I like the way you think. I have the same thoughts about some things that you described 😄

shihab86 posted:
i am using fx charger ,
so far so good, since they helped me to set my risk management.
i will update my review each month.
im using both eur usd and aud usd with 35 percent risk management for each.
its seems safe.
i trust you fxcharger, keep it up

Hello! Thanks for your trust, really hoping that the advisor will not let you down. Yes, right risk management is the only way to be in safe. We are always ready to support you and help!

Could you give your investor password? Please

Victorg posted:
Could you give your investor password? Please

Hello. Sorry, we don't provide investor data to anybody it is security measures. But we can send you statement or screenshot if you want. Contact our support: support@fxcharger.com

MicF posted:
I find it very funny, how people discuss here.

As said before, trading is gambling, there is no way to anticipate the market's future movements.
If anybody likes, I can share the scientific works about it.

So knowing that, risk management is all that counts. And hence your personal risk bearing ability.

That's why I am using this EA, because it doesn't even pretend it could outguess the market.
It just trades based on a strict and simple rule and as long as the market doesn't move continuously in one direction it will win, if not, it will blow up your account (when set to 100% risk).

So if you invest some money and after e. g. doubling it taking the original invest out, you might be fine.

I would not cry to 10 fold my account like this one, but I would have taken some money out already ;-)
But people are greedy and are assuming themselves rich counting on compound interest, and hence will loose it all.

Call it a miracle EA somebody wants to sell based on artificial intelligence or a trading guru, who is offering trading courses to make you rich...
... this is all bullshit, but people want to believe.
Bitcoin bubble, same thing.

Mic

Life is gambling. You can go through the street and got stone in your head. In any case you have a chance to cross this street and be ok. The same about trading, all this risks can allow to generate money and this is very importan.

absolute drawdown 4117.04 Maximal drawdown 1861564.60 (30.48%) Relative drawdown 84.69% (34510.00)


the most important dd is the relative dd....84 % well, make up your mind

From where you have these numbers?

nick3232 posted:
absolute drawdown 4117.04 Maximal drawdown 1861564.60 (30.48%) Relative drawdown 84.69% (34510.00)


the most important dd is the relative dd....84 % well, make up your mind

Hello. I think nobody understand about what drawdown do you talk. If I understand you correct, you are talk about our backtest with 'Hight profitability'. I hope you understand that in this mode risks is set to maximum to show the max profitability. That is why system earned at this test 68 651%, such profitability is inpossible with low risks - I'm sure everybody understand it 😄
And yes, you are right, in tests with compound interest you should to look at Relative drawdown, at tests with no compound interest, you need to look at Maximal drawdown 😉

MicF posted:
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.

It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr

fxcharger posted:

nick3232 posted:
absolute drawdown 4117.04 Maximal drawdown 1861564.60 (30.48%) Relative drawdown 84.69% (34510.00)


the most important dd is the relative dd....84 % well, make up your mind

Hello. I think nobody understand about what drawdown do you talk. If I understand you correct, you are talk about our backtest with 'Hight profitability'. I hope you understand that in this mode risks is set to maximum to show the max profitability. That is why system earned at this test 68 651%, such profitability is inpossible with low risks - I'm sure everybody understand it 😄
And yes, you are right, in tests with compound interest you should to look at Relative drawdown, at tests with no compound interest, you need to look at Maximal drawdown 😉

I don't believe in backtests very much. I used a lot of eas which show good backtests results during 5 or even 10 years but on the demo accounts they can't show anything during at least one year.

Schuhmacher posted:

MicF posted:
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.

It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr

After such reviews I think vendor should post some comments here to open dark side for us.

It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Yes, this is standard ms, we see that lot size increasing several times and if will be negative trade at the fourth time what happens next? Will be increasing in the fifth time? Very doubtful option.

Won't increase a fifth time.

Schuhmacher posted:

MicF posted:
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.

It is ok but problem is that this vendor not returning money. This is info: https://goo.gl/Dqhvhr

Hello! Well, it's not true, that we don't return money. But yes, we don't provide refund if our refund rules were violated. Everybody can easely read it at our page of terms.
We beliave our rules is fair and we don't force anybody to buy, if he don't like our rules. Sometimes we give our customers refund even without fulfillment of refund conditions - if we see that client is fair and has a good reason to get refund, even if it's does not fit with our rules. Our support department very professional and always make everything to make ALL our clients stay satisfied. You can check it, just contact us at our website :)
In case if it's was true, that we don't provide refunds and our customers is not happy, we would have much more public comments/posts about not refunded money. As you know, happy clients usually just use the service and they is happy, not happy client always find the possibility to tell everybody, why he is not happy with it and warn others. So as you can see, we have very low amount of not happy clients even with such a lot of sales of our advisor.

togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Hello! More than a year ago, you said almost the same 😂 (you can see it at page 3 of this discussion):
'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...'

Well, as you can see, we are still online and still trades in profit even without lose 😄, but we have drawdown control on 23% - system will close all on stoploss, if we will reach 23% of drawdown.

Rafael posted:

togr posted:
It is very aggressive martingale, trading 4 times more after loss
03.18.2016 21:00 03.23.2016 15:35 EURUSD Sell 0.10 1.12736 1.11736 100.0 100.30 4d 3.82%
03.23.2016 21:00 03.28.2016 15:54 EURUSD Buy 0.40 1.11852 1.11802 -5.0 -28.24 4d -1.07%
03.24.2016 21:00 03.28.2016 15:54 EURUSD Buy 1.60 1.11865 1.11802 -6.3 -113.98 3d -4.38%
03.25.2016 21:00 03.28.2016 15:54 EURUSD Buy 6.40 1.11685 1.11802 11.7 722.43 2d 29.04%

Yes, this is standard ms, we see that lot size increasing several times and if will be negative trade at the fourth time what happens next? Will be increasing in the fifth time? Very doubtful option.

Hi! We already discussed it before, 4th trade is the last increased order. After that will be stoploss with our drawdown control, but there are was no such situation for all our live trading period.