Another blow - out..... I have deleted my trade explorer for this EA. I emailed suggestions to Lesse on how to make the EA much safer but did not get any response. I'm sure this could be a winner with better money management.
"Another blow - out..... I have deleted my trade explorer for this EA. I emailed suggestions to Lesse on how to make the EA much safer but did not get any response. I'm sure this could be a winner with better money management."
same thing for me, and with a 50% of drawdown... this is far too risky.
Hopefully! Iesse would get that 30 pairs would not generate as much DD, although the daily profits would decrease a little. I would buy it without hesitation, because I think it is a great EA, but now with the DD that generates you must assume an excessively high risk, because it can give you very good benefits a day but you can also lose everything in an instant. The creator speaks of minimum 5,000$ or 5,000€ in my humble opinion, as it is currently scheduled on 30 pairs, that amount is very short and you have to go with more capital to be calm with this EA, between 8,000 and 10,000 and then put the loss limit. Currently almost every day, at some point, you get to generate a DD of 25% of the capital (on Thursday, 8 has exceeded 30%), put limit of losses going with 5,000€ can drag you several weekly losses because it comes with ease to 30% of DD. I still think that if Iesse could control the DD theme it would be one of the best EA. Regards!!!
Hopefully! Iesse would get that 30 pairs would not generate as much DD, although the daily profits would decrease a little. I would buy it without hesitation, because I think it is a great EA, but now with the DD that generates you must assume an excessively high risk, because it can give you very good benefits a day but you can also lose everything in an instant. The creator speaks of minimum 5,000$ or 5,000€ in my humble opinion, as it is currently scheduled on 30 pairs, that amount is very short and you have to go with more capital to be calm...
Hopefully! Iesse would get that 30 pairs would not generate as much DD, although the daily profits would decrease a little. I would buy it without hesitation, because I think it is a great EA, but now with the DD that generates you must assume an excessively high risk, because it can give you very good benefits a day but you can also lose everything in an instant. The creator speaks of minimum 5,000$ or 5,000€ in my humble opinion, as it is currently scheduled on 30 pairs, that amount is very short and you have to go with more capital to be calm...
Ignored
I presented some ideas on how to reduce both risk and DD.... but sadly it appears there is no interest
I think the same that JordiM, with 5000 you have to run it without limil losses or with a high one. While you are getting benefits, you can go thinking about putting the lowest% for in case it touches the initial or a little more. I. I think that with some touch-ups it's a great EA.
{quote} I presented some ideas on how to reduce both risk and DD.... but sadly it appears there is no interest
Ignored
Some days ago I checked your TE and lesses IC-Markets Demo03.
I ask myself, why you had so huge dd on 17 days, while Lesse on his demo03 with almost equal days almost doubled the acc.
I think you have attached the EA wit default at the same 28 pairs, haven't you?!
Don't want to stat something, but in demo03 everything is correct according to the rules.
(Unfortunately I could not look into your TE settings, just saw results).
{quote} Some days ago I checked your TE and lesses IC-Markets Demo03. I ask myself, why you had so huge dd on 17 days, while Lesse on his demo03 with almost equal days almost doubled the acc. I think you have attached the EA wit default at the same 28 pairs, haven't you?! Don't want to stat something, but in demo03 everything is correct according to the rules. (Unfortunately I could not look into your TE settings, just saw results).
Ignored
Default settings just change to .1 lots because starting capital is 50,000. Always updated the EA when a new version became available.
{quote} Default settings just change to .1 lots because starting capital is 50,000. Always updated the EA when a new version became available.
Ignored
Ok, why your both results differ so much from each other?!
I believe you that you have def settings (just all x10), but how does that come... did you take a look into the demo03?!
I checked it and it is with default settings (since 20th feb. as lesse mentioned)
My acount have been blow out too, Andrew. And I have trade the exact same paire, with the exact defaut setting (0,01 lot ... 5000 $ account etc..)
So it's not a question of setting, if you start some hours or some day after or before another account, the result is different. This EA is too much risky because it's NOT a basket trading systeme. All the pair are independant and you can verify by your self in back test or in forward test, it is very fast for having big Drawdown....
Demo3 is not on defaults settings because the 20% all stop out would be hit many times.
there is just no SL at all and see where it goes, the reason why the results are so different is simple.
Imagen you have one pair with a total of 2.0 lot open what for example happend with USDCAD https://gyazo.com/f77dbebe226c2c50a980876ad2d10191 last week, the TP is around 40 pips away if there is a little pullback and you do not hit TP and it keeps going against you have $20 per pip against you just on one pair.
Demo3 hit TP where many did not because the TP was further away and the USD pairs went up more 50 pips because nobody has the same entry's.
This EA is just like going to the Casino, or you are lucky or you are not and the casino is always in favour. The markets did not have really huge moves last month so do not expect to become rich with this thing.
The creator do not respond to nobody who would like to help so it is a waste of time, the demo has half the risk now because it was lucky this month and will be used as a selling point.
Somebody show me results from the last 6 months , i can guerantee you you have blowouts more then 70% if he does not make it safer.
How to make it safer, lot of people here did already suggestions without any respondse.
I would leave this thing alone, are you going to risk 10k ? 5k is way to less to start with.
The real account is not working, this is mentioned earlier also without response
You need to say the word PROFIT, or say good EA , fantastic, WOW, then maybe you hear something ;-)
I try one more time to show the developer the bug.
The offical Demo account takes no trades anymore on several pairs (EURAUD) example TP almost 100 pip away.
{image} I try one more time to show the developer the bug. The offical Demo account takes no trades anymore on several pairs (EURAUD) example TP almost 100 pip away.
