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Grid Correlation Trading- From $5,000 to $100,000

  • #241
  • Nov 16, 2017 10:17am Nov 16, 2017 10:17am
+5% in 3 Days Running. We will stop the account Dragon Expert High Risk after 100% Growth.
Risk comes from not knowing what you're doing.
  • #242
  • Nov 16, 2017 12:06pm Nov 16, 2017 12:06pm
Try GBPUSD vs USDCHF combination. They very good, they always collapsing. I've been using them for a while on almost the same EA.
  • #243
  • Nov 20, 2017 8:36am Nov 20, 2017 8:36am
Quoting Wiseacre
Try GBPUSD vs USDCHF combination. They very good, they always collapsing. I've been using them for a while on almost the same EA.
Thank you for your suggestion.

Now, the rebooted account 28% in a week running.
Risk comes from not knowing what you're doing.
  • #244
  • Nov 20, 2017 9:22am Nov 20, 2017 9:22am
Quoting dragonexpert
{quote} Thank you for your suggestion. Now, the rebooted account 28% in a week running.
You were with eurjpy in lvl 10 martingale. What was your plan if the pair goes 20-30 pip more against you? With +20 pip you would have been in -3300 total loss and you should have been opened 3.77 lot as next lvl.
  • #245
  • Nov 20, 2017 9:32am Nov 20, 2017 9:32am
Quoting dragonexpert
{quote} Thank you for your suggestion. Now, the rebooted account 28% in a week running.
Personally, i am not recommending EURUSD, because it is a very stubborn currency pair. The difficult times are the times when EURUSD is doing its nonsense.


I am purely trading my almost similar EA only on GBPUSD & USDCHF. It is always a wise idea to exit or close the other currency pairs is small losses when one currency pair is just pushing in one direction without any reversal or collapsing.

E.g; When GBPUSD is opening any lot size more than 1 - 1.5 and USDCHF is just consolidating or undecided, always a wise idea to exit or absorb that smaller loss by closing those smaller opened lot sizes. By doing so, you'll be pushing more margins for only GBPUSD until it is collapsing then you bring back USDCHF again.


Sorry for my bad English


Cheers
Wiseacre
  • #246
  • Nov 21, 2017 3:44pm Nov 21, 2017 3:44pm
I just a silent reader on this forum, but with this great result, I could say this is best EA that I try.
I remember last year I seen this thread when it's only 500%. Well, it's already double this time.

I hope you continue this great piece of work.
  • #247
  • Nov 21, 2017 8:58pm Nov 21, 2017 8:58pm
I open the real account under GS kasti's IB and i got the ea on free, this ea is also just like a dragon expert but more flexible and customized, Thank you Kasti sir,

https://www.forexfactory.com/g.s.*kasti

Attached Image
  • #248
  • Nov 22, 2017 3:51am Nov 22, 2017 3:51am
Quoting funinnepal
I open the real account under GS kasti's IB and i got the ea on free, this ea is also just like a dragon expert but more flexible and customized, Thank you Kasti sir, https://www.forexfactory.com/g.s.*kasti {image}
Can you share the ea you have shown？
  • #249
  • Nov 22, 2017 11:29am Nov 22, 2017 11:29am
the total loss might happen now unless a divine actor will show it's power ... but after the disaster will happen a lot of smart neurons will get in power

dragonexpert, good luck in reaching the goal!
  • #250
  • Nov 22, 2017 1:01pm Nov 22, 2017 1:01pm
Quoting Neptun
but after the disaster will happen a lot of smart neurons will get in power
too bad, it's going to loose because
- it doesn't know to hedge/lock profit, specially at high levels, allowing the same level entry retry.
- it doesn't know to hedge/lock losses for tiny periods allowing to move along in the loosing direction with less loss.

of course, it will make the exit harder but the loosing too...

and yet, the first smart one is actually me ... but definitely not a hater! still looking to see the goal reached!
  • #251
  • Nov 24, 2017 7:58am Nov 24, 2017 7:58am
Quoting Wiseacre
{quote} Personally, i am not recommending EURUSD, because it is a very stubborn currency pair. The difficult times are the times when EURUSD is doing its nonsense. I am purely trading my almost similar EA only on GBPUSD & USDCHF. It is always a wise idea to exit or close the other currency pairs is small losses when one currency pair is just pushing in one direction without any reversal or collapsing. E.g; When GBPUSD is opening any lot size more than 1 - 1.5 and USDCHF is just consolidating or undecided, always a wise idea to exit or absorb that...
Exactly what i was saying. Lets hope your account is still surviving Mr Dragon. Check EURUSD now
  • #252
  • Nov 24, 2017 9:14am Nov 24, 2017 9:14am
Quoting Wiseacre
{quote} Exactly what i was saying. Lets hope your account is still surviving Mr Dragon. Check EURUSD now
I think he blows his account. Not available now. At lvl 14 about 5300usd loss.
  • #253
  • Nov 24, 2017 10:11am Nov 24, 2017 10:11am
lets just face it, it is a very risky EA.

i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$.
i consider it as charity, because i ended up never using it on a live account.
may look good without looking deeper, but in the end it is about running 3 martingale at once, and no, the pairs not really hedging themselves, despite what it is said. forex just doesnt seem to be same in real life, than on demo.

well, i had spent money better, and i had spent money worst before, so, no particular regret about it.
however, i would most certainly not recommend to anyone to fork out money for this EA.
the reason it doesnt work, the only edge would come from the martingale, without anything additional to enhance the odds.
it has and will have some "lucky" periods that survive long enough to make some profits, but it is not too likely to ever last long enough.
i had seen enough of my demo accounts blown up to decide it is worthless, and silly to attach to my live account.

while the seller is generally a responsive guy, that wont make the EA any better.
disappearing without comment on the blown account, and coming back probably at a later date trying to sell it again for some unsuspecting, showing a old acct TE ( and not showing some other failed ones), seem to be a choice of EA sellers here.
the reason for my review, to save anyone reading for making my mistake, and buying this, for curiosity, or in hope to get rich from, or whatever.
unlike you consider it like a charity, and want to donate for the seller.
there is always, always another trade!!
  • #254
  • Nov 24, 2017 11:03am Nov 24, 2017 11:03am
Quoting profitfarmer
lets just face it, it is a very risky EA. i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$. i consider it as charity, because i ended up never using it on a live account. may look good without looking deeper, but in the end it is about running 3 martingale at once, and no, the pairs not really hedging themselves, despite what it is said. forex just doesnt seem to be same in real life, than on demo. well, i had spent money better, and i had spent money worst before, so, no particular regret about it. however,...
The enemy of a martingale system is the trend. I have tried many system and ofc blowed up 3 real account. Every system was a martingale. Made hugh profit but if a trend came, blowed up.
  • #255
  • Nov 26, 2017 9:01am Nov 26, 2017 9:01am
Quoting armaros
{quote} I think he blows his account. Not available now. At lvl 14 about 5300usd loss.
He just need to admit it. This EA is not gonna work on EURUSD. I've been using almost the same EA only on GBPUSD & USDCHF only. These are the only currency pairs he needs to trade.


I told him about this EURUSD. Check what i said above. He is using a very good EA but on wrong currency pairs
  • #256
  • Nov 26, 2017 9:05am Nov 26, 2017 9:05am
Quoting profitfarmer
lets just face it, it is a very risky EA. i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$. i consider it as charity, because i ended up never using it on a live account. may look good without looking deeper, but in the end it is about running 3 martingale at once, and no, the pairs not really hedging themselves, despite what it is said. forex just doesnt seem to be same in real life, than on demo. well, i had spent money better, and i had spent money worst before, so, no particular regret about it. however,...
"i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$."

 

  1. Even if he is selling it $1, the currency pairs he is trading are wrong, he will keep blowing accounts like this. I am a big martingale fan, this EA is good. He just need good pairs with good colleration.

  • #257
  • Nov 26, 2017 9:16am Nov 26, 2017 9:16am
Quoting Wiseacre
{quote} "i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$." Even if he is selling it $1, the currency pairs he is trading are wrong, he will keep blowing accounts like this. I am a big martingale fan, this EA is good. He just need good pairs with good colleration.
listen,
you dont need to prove me anything, i decided to give my review on something i consider as a not too useful EA, so, ppl who get curious like me can save themselves the money buying it.
moreover, the OP has since blown up couple of accounts, and keeps the one that has nice gains for show, conveniently omitting the blown accounts.
non of the latest few entries that shown on the attached accounts are recent, cos this EA opens simultenius buy and sell on a pair.
so that part adds to the feel of misleading.
this is all. from my side.
there is nothing to discuss about pairs, or else, really.
there is always, always another trade!!
  • #258
  • Nov 26, 2017 10:16am Nov 26, 2017 10:16am
OK i will share my test ( forward one ) with this EA .

i run this EA on 7th Nov 2017 ( EURGBP & USDJPY ) (( I THINK THE PAIRS ARE THE KEY FACTOR OF THIS EA ))

With a balance of 10k

attached is the full statement and history. i found it doing well with those to pairs .

Around 20 days max DD 7% with a profit of 21%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB
Attached File(s)
File Type: rar Dragon EA EG UY.rar   24 KB | 576 downloads
  • #259
  • Nov 26, 2017 10:34am Nov 26, 2017 10:34am
Quoting abusaad412
OK i will share my test ( forward one ) with this EA . i run this EA on 7th Nov 2017 ( EURGBP & USDJPY ) (( I THINK THE PAIRS ARE THE KEY FACTOR OF THIS EA )) With a balance of 10k attached is the full statement and history. i found it doing well with those to pairs . Around 20 days max DD 7% with a profit of 21% {image} {file}
you are also missing few points.

1. you never buy this EA. demo deposit.
2. test runs in 2 pairs, but the EA was created and advertised on 'triangle correlation'
3. lucky periods exist when EA does well, and get ahead. i had demo forward tested it. then bought it, then forward tested more. then decided that there is no real edge, and when the sh@t hits the fan your profits quickly spiral into big drawdown or margin call.

a final time: my review is from someone who paid for it.
as one, i would be the happiest to feel that is was worth the money, and if it would work as i hoped.
it has not.
the only way to look at it was a 150$ lesson. cold cost more.
there is always, always another trade!!
  • #260
  • Nov 26, 2017 10:45am Nov 26, 2017 10:45am
Quoting profitfarmer
lets just face it, it is a very risky EA. i have to admit, at a curious moment of mine i bought this EA, for a discounted price of 150$. i consider it as charity, because i ended up never using it on a live account.
Honestly, anyone who purchases an EA is a sphere shaped idiot in my eyes. Why?
- First, there is no way to really know what the EA is doing. At least in the beginning.
- Second, many things can go wrong and nothing one can do about that.
- Third, the buyer is simply clueless about strategies, however, he/she is chasing 1000% in annual returns... that is enough said.

Now you know how a shpere shaped fool looks like? Fine.

Lets assume I am wrong in my categorization. Lets make some math.

Imagine you buy an EA which delivers 1000% annual return. Not guaranteed. You have $2,600 USD. You and open a CENT account ($260,000 USC) and open a new $50 USD ($5,000 USC) account every next 7 calendar days? Thus within one year, you open 52 cent accounts, starteing with $5,000 USCents each. Got that?

Now, imagine, 80% of all accounts got blown away. Lets say that number is 40. For the sake of easiness. For the same sake, lets say the first survivor made 1,000%, the second made 900%, the third made 800%, ext. This means, the average income per a survivor is 550% for that one year.

Simply put, on average, there would be 12 accounts worth $32,500 USC ($325 USD) each. That would be $3,900 USD at the end of the first year. Remember how we started? $2,600 USD? Does it ring a bell?

If, the trader is not a complete idiot and play with the lotsize, maybe, the dangerous threshold for the account might be passed over and from now on the survivors might be out of danger. That is something I do not know... I can eventually know it for my own EAs. But imagine, this is the situation? The second year will be simply awesome. The survivors will bring at least 1,000% of annual return for every survivor that made it from the first year...

I do not know OP's EA's account survivor ratio. If it is over 20%... It will be a good EA.

Traders fail, cause they give it up too early. A game lost is not the end of the championship. In forex, one can become champ with just 20% of winners... Anything over that is pure gift from Mr.Luck.
Maadik Hugiis. IQ 69.
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