LION FX TRADER讨论

successwill posted:
This will most probably be closed with a big loss or blow the account... Now again i have 10 positions open

Yes 10 positions is open. Big DD!!!

successwill posted:
This will most probably be closed with a big loss or blow the account... Now again i have 10 positions open

Not necessarry
When EU goes to 1.0650 level close all positions and you will be on breakeven - profit or loss around zero
I would not open more positions though

I have my risk setting at 0.0 and my lot size at .01

You mean the 1.065 level I think. And I agree.

My only concern is that both my real and demo account works differently than the reference account here.

togr posted:

successwill posted:
This will most probably be closed with a big loss or blow the account... Now again i have 10 positions open

Not necessarry
When EU goes to 1.65 level close all positions and you will be on breakeven - profit or loss around zero
I would not open more positions though

I am looking at my demo and real accounts and my copy of this EA has not placed any trades yet today.
I find it mostly trades in the evening and overnight.

Yes, it places a trade around 21.00-22.00 GMT and then builds a grid. Takes a new trade every 10-12 pips. A 120 pip move in the wrong direction means 10 open trades. And if we are lucky (and we are so far) it takes profit on the reversal.

SnapDragon2016 posted:
I am looking at my demo and real accounts and my copy of this EA has not placed any trades yet today.
I find it mostly trades in the evening and overnight.

If thats correct then how come I have not entered a trade since the one last night?

I should have hit the grid by now.

Thats why i say its not a grid, a grid is a set rigid pattern and if you look at the trading history for my demo account you will see this is not the case.

When I asked Alex about this he says that the EA works based on indicators.

I have checked your accounts. Yes, it opens the first trade and sets the gap between trades based on indicators. The closing of the trades is also based on indicators, I think. Ok, I don't know exactly how this EA works, I just used a lot of EAs on real accounts in the last 6 years, so I can call myself an expert.
Don't get me wrong, I think there's nothing wrong with grid EAs. I made the most money in Forex with grid EAs.
You just have to accept huge drawdowns and have to 'feel' when to stop the EA.
No grid EA works forever. But that's true for all the EAs I think.

SnapDragon2016 posted:
When I asked Alex about this he says that the EA works based on indicators.

Well I hope it turns around for those hurting right now.

bbulcsu72 posted:
You mean the 1.065 level I think. And I agree.

My only concern is that both my real and demo account works differently than the reference account here.

togr posted:

successwill posted:
This will most probably be closed with a big loss or blow the account... Now again i have 10 positions open

Not necessarry
When EU goes to 1.065 level close all positions and you will be on breakeven - profit or loss around zero
I would not open more positions though

right :)

SnapDragon2016 posted:
I am looking at my demo and real accounts and my copy of this EA has not placed any trades yet today.
I find it mostly trades in the evening and overnight.

Guys I just wonder
If master account works well and your accounts differ a lot why
dont you mirror trades from master to slave to get exactly the same trades
or do I miss something?

the author is doing notthing except scolding at us when we say something lol

I don't really understand what you mean.
How can I copy the master account? We can't even see the open trades.

togr posted:

SnapDragon2016 posted:
I am looking at my demo and real accounts and my copy of this EA has not placed any trades yet today.
I find it mostly trades in the evening and overnight.

Guys I just wonder
If master account works well and your accounts differ a lot why
dont you mirror trades from master to slave to get exactly the same trades
or do I miss something?

When did Alex come into this conversation?

He is the author of this EA.
I have never had trouble talking to him about the EA.

I am looking and don't see any comments from him today.

closed with 20% loss..

i was thinking that this works only with EURUSD..

it does.
only EURUSD.

is it only me who closed yesterday's trades with big loss? Anyone else?