The Money Tree讨论

Has anyone tested this yet?

Still watching the progress of the EA. I will probably rent it for one year at the end of June to test from July. Works on cent account as well.

I just rented it. I'm trying a small account. Happy to keep you updated with feedback.

Yes, keep us updated.

Very dangerous EA. Not sure if this is similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand

Well... I'm starting with a trial account size that I don't mind losing. I like watching these things live. And because, as I'm sure with you being so smart, you know, you shouldn't trade anything you can't bare to lose. Not sure why there are so many haters on here. Also, I have gone back and forth with the developers making sure it's not setup to work at all like Trade Explorer. More because I have to follow the FIFO rules as a US citizen and grid and Martingale in Trade Explorer isn't coded to avoid FIFO. Not that I fully trust what the developer tells me... hence trying it out with a small account that I can absolutely afford to lose. We're just here to have fun, right?

Tyr posting an actual myfxbook account link before spouting off nonsense. Your picture says nothing. I have trade explorer. If used conservatively, it works just fine.

Hey guys, I'm also testing it and I will keep you posted..
I also tested dynascalp, trade explorer and Arbitron..
But I'm here to talk about the money tree, if you want you can ask my results with the other EAs..
Ok first I'm trying for one day, there not much what I can say with one day test, but what I can say is:
They have 3 settings recommendations, I'm testing it on the lowest HIGH risk recommendation.
Till now I haven't seen any martingale or grid trading (like trade explorer) but again only one day test..
What I have to say is with one day I had 9% return, but I also have to say that scares me to see trades open without stop loss..
For now that's the conclusion I can tell, soon i will come with more results, keep strong guys peace ✌️

@Foxove what was the timing of when your trades opened? I mean during which sessions generally? I'm only asking because I'm setup and have had extremely little action with the EA.

Yes only had those trades yesterday afternoon, was open a bit before NY session, today nothing yet ✌️✌️ good luck

samjhyip posted:
Very dangerous EA. Not sure if this is similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand

Please don't spread false rumors about a system. The Money Tree does NOT use GRID. And uses an internal SL.

The software does not trade everyday. We've not had a trade in a few days. It's normal. It has strict trade filters. So some days / weeks, it trades a lot and others it's waiting for the right movement. So that is normal.

So far I have had zero executions and I've had it running since Thursday May 26th. If you look at the updated fxbook for MoneyTree it shows no executions either since then, so at least it's consistent with what I'm experiencing. I've reached out to the company and they said it can go for a bit without trades. The most they've seen so far is around two weeks.

So we wait... :)

Exactly the same situation even the starting day..
Just hoooold, I will come with update as soon as we have :))

Yes correct - historically it can have periods of no trades. It has strong filters. So it will filter out until it finds the opportunities and trade a bunch. Then can slow down again. It's consistent with our trading history.

thanks for the update, I was wondering anyone tried backtest it, if yes, how is the performance?

Yes this is abnormally slow, BUT not unnormal to have a period of no trades. We are anticipating trades in the next few days or less - hopefully. As historically the EA has tended to slow down around end / beginning of new months.

It is now 8 days without trades... keep waiting, waiting...

Historically - it should start trading in the next 2 - 5 trading days or less. We shall see.