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Are you ready to change your life?, I represent you MODEST EA!

  • #141
  • May 11, 2018 1:58am May 11, 2018 1:58am
Quoting detector
Just for the record,I'm of the opinion that a good EA can have very little start up capitol, when I trial an EA it has to meet that criteria, it has to appeal to the "little guy" if it does I suspect it could go far, understanding how everything works and collective profit, would you say using one pair, the user could start from £100 ?. I started the "Modest LR on £112 and 3 pairs and the DOW, pre disaster, the account made over 70% in 4 days, not something you would advise but achieved, I set the account up, as I always do to test, this is a live...
Dear detector

Thanks again for your kind comments.Our aim was to reach the traders with small capital but that small account has to be minimum £500, obviously we can not know whether our clients will follow our recommendation but as the team we have make that warning.

Many thanks
  • #142
  • May 11, 2018 2:23am May 11, 2018 2:23am
Dear rmormar

Please send it to our email address which is [email protected]
  • #143
  • May 11, 2018 7:39am May 11, 2018 7:39am
excellent input and knowledge sharing posts
  • #144
  • May 11, 2018 8:20am May 11, 2018 8:20am
Hi magicpips,

Do you use this EA?
  • #145
  • May 11, 2018 8:22am May 11, 2018 8:22am
Quoting Bigindoda
Hi magicpips, Do you use this EA?
Dear Bigindoda

Yes we do use the EA.

Many thanks
  • #146
  • May 11, 2018 8:49am May 11, 2018 8:49am
When will this Ea be available afrer the trial period?
  • #147
  • May 11, 2018 8:55am May 11, 2018 8:55am
Quoting Ym8016
When will this Ea be available afrer the trial period?
Dear ym8016

You may use this current EA on live or demo until 19th of May ,sir.

Many thanks
  • #148
  • May 11, 2018 9:34am May 11, 2018 9:34am
Hi magicpips,

Thanks for EA. So far it is giving good results at the end of the day. I have the following concerns which please address:

The EA closes all trades in the middle of trading, giving an alert: "Closed All due to Equity Target reach" and this is happening for a second time since using this EA. (Chart attached)

There are not stop losses for the trades taken by the EA! Is it normal or are there any hidden stop losses?

Also, the total lots trades by the EA looks like against all money management principles considering the amount of capital-$1000.00 (demo account).

The overall results produced by the EA are so far good but is there is any built in mechanism to prevent loss in a situation like a black swan happening.

Thanks again.
Roy
Attached Image (click to enlarge)
Click to Enlarge Name: Global Prime - MetaTrader 4.png Size: 129 KB
  • #149
  • May 11, 2018 9:49am May 11, 2018 9:49am
Quoting RoyPK
Hi magicpips, Thanks for EA. So far it is giving good results at the end of the day. I have the following concerns which please address: The EA closes all trades in the middle of trading, giving an alert: "Closed All due to Equity Target reach" and this is happening for a second time since using this EA. (Chart attached) There are not stop losses for the trades taken by the EA! Is it normal or are there any hidden stop losses? Also, the total lots trades by the EA looks like against all money management principles considering the amount of capital-$1000.00...
Dear RoyPK

The EA has a brake pad like the one in a car, I can't go into details about that but if you carry on demoing the EA you will get more familiar with it.There is an equity target and take profit per symbol due to small account size we do keep that target small so EA comes out from any trade very quickly.If your capital is big than that target will be widened as well also the lot size will be changed.The purpose of our EA is grab and run.Our EA take a trade not randomly which we have explained that in our introduction page.
Coming back to BLACK SWAN or FLASH CRASH subject , I am afraid we don't have a solution for that but during Brexit and Flash crash our EA did not even react,when there is a massive 200 pips one candle move EA does not react, we can tell you that, but we have not seen 400 pip candle move yet and we all hope we don't see that at all,because we don't know how EA will react to that.
That is all we can say,sir as MODEST EA team.

Any more questions,please do not hesitate to ask.

Many thanks
  • #150
  • May 11, 2018 9:50am May 11, 2018 9:50am
Quoting magicpips
{quote} Dear ym8016 You may use this current EA on live or demo until 19th of May ,sir. Many thanks
Thanx, and you soon after 19 May will the paid version be available?
  • #151
  • May 11, 2018 9:53am May 11, 2018 9:53am
Quoting Ym8016
{quote} Thanx, and you soon after 19 May will the paid version be available?
Yes sir, we will remind you on the 16th of May.

Many thanks
  • #152
  • May 11, 2018 10:00am May 11, 2018 10:00am
Dear members

Also one thing we would like to add as well, please demo the EA properly, we might put only demo version of our EA for another certain period of time so that our members can get more confident.But study the trades it is taking and observe whether the trades are accurate enough or not .

That is all.

Have a great weekend everyone.

Many thanks
  • #153
  • May 11, 2018 11:07am May 11, 2018 11:07am
mp,
my result of today (Lr version Default Settings)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: test 33.PNG Size: 99 KB
Click to Enlarge Name: test 3.PNG Size: 29 KB
  • #154
  • May 11, 2018 11:13am May 11, 2018 11:13am
Quoting magicpips
{quote} Dear RoyPK The EA has a brake pad like the one in a car, I can't go into details about that but if you carry on demoing the EA you will get more familiar with it.There is an equity target and take profit per symbol due to small account size we do keep that target small so EA comes out from any trade very quickly.If your capital is big than that target will be widened as well also the lot size will be changed.The purpose of our EA is grab and run.Our EA take a trade not randomly which we have explained that in our introduction page. Coming...
Why don’t you add an input for Equity Stop? Seems easy to do and the client can add whatever stop % loss they want? This would guard against bad scenarios and get you out. If testing has seen a max 9% dd then maybe one can put 12% equity stop and feel at peace
  • #155
  • May 11, 2018 11:48am May 11, 2018 11:48am
Quoting GordonL
{quote} Why don’t you add an input for Equity Stop? Seems easy to do and the client can add whatever stop % loss they want? This would guard against bad scenarios and get you out. If testing has seen a max 9% dd then maybe one can put 12% equity stop and feel at peace
Dear Gordon

We welcome any new ideas,many thanks for the comments.Everything noted.

Many thanks
  • #156
  • May 11, 2018 11:49am May 11, 2018 11:49am
Quoting AutoRider
mp, my result of today (Lr version Default Settings) {image} {image}
Dear Autorider

Thanks again sir posting your results.
Have a wonderful weekend.

Many thanks
  • #157
  • May 11, 2018 3:35pm May 11, 2018 3:35pm
MP, thanks for a great start, didn't turn the EA on today, will start a fresh Sunday, without the Dow!!!, hope we all have such great results next week, how will you implement subscription?, thanks and good weekend to all, see you playtime next week, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #158
  • May 11, 2018 5:03pm May 11, 2018 5:03pm
Quoting magicpips
{quote} Dear aking194 MODEST EA doesn't use hedging,it has an intelligent grid system but that comes into play when EA sees it's necessary to use. During the high impact news we DON'T turn it off our EA but unless a rate rise or cut is predicted than we do turn it off.These important warnings will be made when you become our monthly subscriber. Many thanks
This is a large concern because it means martingale. Any marty system will eventually fail.
We are all One. Be present. Be the Observer
  • #159
  • May 11, 2018 5:27pm May 11, 2018 5:27pm
Quoting Iamfx
{quote} This is a large concern because it means martingale. Any marty system will eventually fail.
Dear Iamfx

Thanks for your comments.Ea that uses martingale system take trades randomly and yes eventually they fail because they take trades without any purpose.Our EA is not a martingale system that is why we presented our EA on this forum for people try and observe what it does etc.If you read our comments we always say, for some our EA may not be suitable but for some might be likeable.So please try our EA ,we have been using for almost 2.5 years but here we are not trying to convince people to rent our EA.
We value your comments ,please let us know your thoughts after you try our EA.
Many thanks
  • #160
  • May 11, 2018 5:29pm May 11, 2018 5:29pm
Quoting detector
MP, thanks for a great start, didn't turn the EA on today, will start a fresh Sunday, without the Dow!!!, hope we all have such great results next week, how will you implement subscription?, thanks and good weekend to all, see you playtime next week, D
Dear detector

Thanks again for your comments.
We will let you know regarding the subscription.

Many thanks
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