maarten999 posted: He probably did not start up the ea for myfxbook, so statistics don;t look so bad and he will still sell a few copies even more. Glad I closed the trades yesterday morning with loss, but not too much.
Agreed.. This has become not profitable for the last a few months and i already stopped using it nearly a month ago. Thanks God.
SnapDragon2016 posted: I think its a little harsh to judge Alex so roughly.
Alex is not interested in swindling anyone, I have been talking to him for about a year and I feel confident saying he is no thief.
I agree there needs to be better controls for stop losses and Alex acknowledges this and is working on it for Lion FX version 2.
I think if we can limit the number of concurrent trades (say 3 trades open at once MAX) as well as set a stop loss, that would solve a lot of problems.
I don't believe attacking him or calling him a thief is the way to get the changes we would like to see.
Ialso agree with you and I also belive Alex is not a scam...but what sometimes happen like ( ACC stoped updating after that big trade)...Is raising some questions. Alex should not stop the account because of loss, I'm sure genuine trades can understand there is no System that is 100% and we are trusting his system and we were unlucky having this loss.
Hey everybody!Yes i have lost yesterday 22% in DD!Why 22 only?Because i trade wirh risk 0.04!!!Of course it is very hard loss and a month at all!But i believe we survive and next time be more profitable.
fxtarpan posted: Jesus...!!!.. That is a big drop.
Well, nobody is perfect. At least, Lion FX show honest results. I apreciate that.
Now we know that we have to withdrawl profit every certain time, and not let the ea run forever. Thanks, Alex.
I am not user of this system nor follower. But I understand very well what happened. This trader has to be less stubborn, accept smaller loss from time to time to avoid big ones. It is a good lesson though and if he takes this advice he can make up the loss in time.
with a grid like this you always will have one day a big loss. when you adjust the ea that the sl is smaller, then you will have more losses. doesnt matter what you make with the ea always one day comes with big loss or small losses in row.
best is time time to payout and start from new like with all martingales or grids