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Funding EA

  • #1
  • First Post: Feb 27, 2018 2:02am Feb 27, 2018 2:02am
Been working on a system/EA that i'm now ready to showcase live. It is based on finding areas of support and demand in placing trades. It has a 1:2 Risk/Reward. Trades only EURUSD,GBPUSD,USDJPY,USDCAD,NZDUSD and AUDUSD off the One Hour charts.

Any benefactor(s) willing to sponsor with USD250?

Results will be published here (TE) for all to see with profit share of 50% to benefactor and return of the original amount within 90 days. Kindly give ideas.

This is not a sale!
  • #2
  • Feb 27, 2018 5:07am Feb 27, 2018 5:07am
Quoting babakeni
Been working on a system/EA that i'm now ready to showcase live. It is based on finding areas of support and demand in placing trades. It has a 1:2 Risk/Reward. Trades only EURUSD,GBPUSD,USDJPY,USDCAD,NZDUSD and AUDUSD off the One Hour charts. Any benefactor(s) willing to sponsor with USD250? Results will be published here (TE) for all to see with profit share of 50% to benefactor and return of the original amount within 90 days. Kindly give ideas. This is not a sale!
frankly, if only an advise...
your max return dd = -88.5% , all that within a month.
no one in the right mind will consider such project, really, it is as close to total failure as it gets ( ok, 11.5% away from the total 100% loss, technically, but you get the point).
the least you should do is to start a fresh demo, hope the next month or two look better, and try again your request.
it will be still up to luck when one sees another wipeout, but least one can think it is a promising EA.
right now even that illusion is missing!
good luck!
there is always, always another trade!!
  • #3
  • Feb 27, 2018 5:57am Feb 27, 2018 5:57am
Quoting profitfarmer
{quote} frankly, if only an advise... your max return dd = -88.5% , all that within a month. no one in the right mind will consider such project, really, it is as close to total failure as it gets ( ok, 11.5% away from the total 100% loss, technically, but you get the point). the least you should do is to start a fresh demo, hope the next month or two look better, and try again your request. it will be still up to luck when one sees another wipeout, but least one can think it is a promising EA. right now even that illusion is missing! good luck!...

PF, thanks for your advise. Yes DD has been huge but the account isn't blown. That is a great selling point given that it has recovered substantially from the lows. Besides, i want my viewers to appreciate my journey. Opening new demo account every time one hits big drawdowns hides alot!
  • #4
  • Feb 27, 2018 6:05am Feb 27, 2018 6:05am
Quoting babakeni
{quote} PF, thanks for your advise. Yes DD has been huge but the account isn't blown. That is a great selling point given that it has recovered substantially from the lows. Besides, i want my viewers to appreciate my journey. Opening new demo account every time one hits big drawdowns hides alot!
there should be no "every time one hit big drawdown" at all, to start with.
serious type will take -20-30% max, no more, really, likely less.
a live account may be blown up long, broker wont let things to run to 0, margin call starts around 100%, and 30-50% equity left is force closing. something to think about.
if you think it is a great selling point, i will respect it, and leave you with that belief. only hope you are right.
there is always, always another trade!!
  • #5
  • Last Post: Feb 27, 2018 8:08am Feb 27, 2018 8:08am
Well i totally understand your point and technicalities of trading in relation to the broker. I also know many traders would be looking for 20-30% drawdown. Would like to trade within those margins in the future. My aim is not to blow the account and to recover from any drawdown to profitability.
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