Are you ready to change your life?, I represent you MODEST EA! | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How did trading change your life? 159 replies

What do Candlestick Wicks Represent? 14 replies

How can I represent motion around fibs with continuous variables? 0 replies

Change an EA and change your life 8 replies

If we could represent forex in equations. 18 replies

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

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

  • #641
  • May 29, 2018 4:01am May 29, 2018 4:01am
Quoting magicpips
{quote} Dear Degolep Also members should remember we have 2 EAs ,HIGH RISK and LOW RISK ,so members have 2 options, as we have said, we are sorry how you feel and thank you very much for your participation in this forum. Many thanks
I have a Low risk ea from the start. Running 0.04 LOT on M1 and 0.08 LOT on M5. There is no crazy stuff going on in my behalf.
Anything above the line is an uptrend, below the line is a downtrend.
  • #642
  • May 29, 2018 4:01am May 29, 2018 4:01am
Quoting magicpips
{quote} Dear Husky May we ask if you used our default setting with 500:1 leverage ,sir? Many thanks
settings really are nothing because user cant set how much time or when to stop martingale,thats inside bot and seems no limit.if market will go 100000000 pips against you then this bot will keep adding trades as long the maring will allow it.
i see youre trying play nice all the way down and i do admire this but... belive me i'm not in this since yesterday,and is not first bot who does martingale and fail.it doesnt matter if will recover but any normal in his head trader cant accept to risk his entire account for targets so skinny like this.cos you saw clear all the work from one entire week was wiped with a crazy DD.i cant trade in real like this ,take 10$ while i accept 1000$ DD.is crazy.you should know better,and if you dont then you dont know what forex is in fact.and things are like i told you ''highly complicated indicators'' doesnt work this forumula mate.cos there is no need of any high complicated indicator to make martingale.
i'm sorry but i was really wanted to belive in magic even if i knew there's no magic.when market hit you bye bye magic.if you keep dreaming then you will be a pleassure for any broker. so i'm out from this with such crazy DD and non logic martingale.
cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.jpg Size: 482 KB
Take what you can, give nothing back
  • #643
  • May 29, 2018 4:05am May 29, 2018 4:05am
Quoting Husky77
{quote} settings really are nothing because user cant set how much time or when to stop martingale,thats inside bot and seems no limit.if market will go 100000000 pips against you then this bot will keep adding trades as long the maring will allow it. i see youre trying play nice all the way down and i do admire this but... belive me i'm not in this since yesterday,and is not first bot who does martingale and fail.it doesnt matter if will recover but any normal in his head trader cant accept to risk his entire account for targets so skinny like...
Dear Husky

Thanks for your honest comments and also trying our EA ,sorry that our EA has disappointed you.

Many thanks
  • #644
  • May 29, 2018 4:14am May 29, 2018 4:14am
Like I said it recovered. But at what cost? The drawdown was so big that nobody in his bright mind would risk this kind in real life. And the starting lot sizes are really small. On average normal day I could get 30-50€ profit with very low risk. But days like this when I had to risk 25% or even more is just not for me. Remember its a martingale system and there is only one limit for matrtingale, thats your empty account. Good luck to all.
Attached Image (click to enlarge)
Click to Enlarge Name: end.png Size: 148 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #645
  • May 29, 2018 4:21am May 29, 2018 4:21am
Quoting Degolep
Like I said it recovered. But at what cost? The drawdown was so big that nobody in his bright mind would risk this kind in real life. And the starting lot sizes are really small. On average normal day I could get 30-50€ profit with very low risk. But days like this when I had to risk 25% or even more is just not for me. Remember its a martingale system and there is only one limit for matrtingale, thats your empty account. Good luck to all. {image}
Dear Degolep

Thanks and good luck to you,too.
  • #646
  • May 29, 2018 4:22am May 29, 2018 4:22am
I am a live account holder as well as I run 2 demo accounts on my fxbook,very early days for me to take a side at the moment ,so from neutral point of view ,if you work this ea to be failed ,like other EA it will fail,with correct money management and I use 15% DD protection ,i am quite comfortable with the ea. Like magicpips say and I always analysis the ea trades and when it enters after a big move like this I see price action changes etc.But for some and may be most not workable , that is all I can say
  • #647
  • May 29, 2018 4:36am May 29, 2018 4:36am
Quoting Husky77
{quote} settings really are nothing because user cant set how much time or when to stop martingale,thats inside bot and seems no limit.if market will go 100000000 pips against you then this bot will keep adding trades as long the maring will allow it. i see youre trying play nice all the way down and i do admire this but... belive me i'm not in this since yesterday,and is not first bot who does martingale and fail.it doesnt matter if will recover but any normal in his head trader cant accept to risk his entire account for targets so skinny like...
Dear Husky

Also we have noticed that you were using LOT EXPONENT 1.6 ,so basically you were not using our default settings .

Many thanks
  • #648
  • May 29, 2018 5:01am May 29, 2018 5:01am
i am posting this in a positive way.

If you have to use a very small lot size as indicated, how can you possibly live off it.? avoiding negative trades dd etc.
just asking....

trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #649
  • May 29, 2018 5:07am May 29, 2018 5:07am
Quoting billytt
i am posting this in a positive way. If you have to use a very small lot size as indicated, how can you possibly live off it.? avoiding negative trades dd etc. just asking.... trade well all.
Dear Billytt

We have said this right from the beginning MODEST EA is not a get rich quick EA.We are presenting our DEMO EAs for members to see and observe how the EA trades.

Many thanks
  • #650
  • May 29, 2018 5:38am May 29, 2018 5:38am
Quoting magicpips
{quote} Dear Billytt We have said this right from the beginning MODEST EA is not a get rich quick EA.We are presenting our DEMO EAs for members to see and observe how the EA trades. Many thanks
Hi, thanks for the reply.
I know it is not a get rich quick method, but i would love to see some sort of pay back otherwise it would be pointless doing it.
Regards
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #651
  • May 29, 2018 6:02am May 29, 2018 6:02am
Quoting magicpips
{quote} Dear Husky Also we have noticed that you were using LOT EXPONENT 1.6 ,so basically you were not using our default settings . Many thanks
that doesnt matter at all.i can use even 2 or 10 lot multiplicator as long the balance allow me.from 1.5 to 1.6 is not much big diff. forex is also about numbers and looking at numbers i got a DD of almost -1300$ while in a time of a week i banked 138$ ,so is in fact a DD 10 times bigger then the profit EA was able to bank one week.if this numbers looks good to you then i have nothing to say.you can say 10000000 time thank you thank you,but that will not make martingale to work out.
I didnt came here to talk about any scam ,i saw that the only way to prove my words from my first posts was to let the test speak out and come with facts.this are facts and numbers : 138$ banked profit and in a little move of 90 pips against trader EA took trades one after another without any logic and bring DD -1300$.now you do the math and say thank you how many times you want mate.
i knew about martingale since very long time is a fail strategy and any serious trader know that but as long new EA's show up and when you want to say something all kind of idiots jump on you while they dont even learned yet to put ON their mt4.i considered i must let the facts speak.in fact your EA yes i agree will have success with the kind of guys i talked earlier,this until they get burned hard and learn first lesson.
so i dont recommend this EA i dont have enough balls to even atach it on my real acc.and of course will stick to my manual trading way and... wait new EA's to show up peace
cheers! i'm outta here.
Take what you can, give nothing back
  • #652
  • May 29, 2018 6:10am May 29, 2018 6:10am
Quoting Husky77
{quote} that doesnt matter at all.i can use even 2 or 10 lot multiplicator as long the balance allow me.from 1.5 to 1.6 is not much big diff. forex is also about numbers and looking at numbers i got a DD of almost -1300$ while in a time of a week i banked 138$ ,so is in fact a DD 10 times bigger then the profit EA was able to bank one week.if this numbers looks good to you then i have nothing to say.you can say 10000000 time thank you thank you,but that will not make martingale to work out. I didnt came here to talk about any scam ,i saw that the...
Dear Husky77

Yet again great and honest comments,sir.We will never try to convince any of our members if MODEST EA's trading strategy not suitable for them.As we have mentioned our EA uses SNOW BALL principles to make profit.It will accumulate orders where there is a high chance of winning, this is not called martingale strategy.

Many thanks
  • #653
  • May 29, 2018 6:22am May 29, 2018 6:22am
Quoting magicpips
{quote} Dear Husky77 Yet again great and honest comments,sir.We will never try to convince any of our members if MODEST EA's trading strategy not suitable for them.As we have mentioned our EA uses SNOW BALL principles to make profit.It will accumulate orders where there is a high chance of winning, this is not called martingale strategy. Many thanks
If you place trades in a "right" place, DD never will go high. We accept swing areas are not exact place and you can have a range where price will move making you some DD. But a 10:1 ratio is like place trades until market swings. Maybe swings in 100 pips, maybe 1000 pips. Its like casino, not a strategy...
Try don't lose pants never...
  • #654
  • May 29, 2018 6:24am May 29, 2018 6:24am
Quoting braintheboss
{quote} If you place trades in a "right" place, DD never will go high. We accept swing areas are not exact place and you can have a range where price will move making you some DD. But a 10:1 ratio is like place trades until market swings. Maybe swings in 100 pips, maybe 1000 pips. Its like casino, not a strategy...
Dear Braintheboss

Thanks for your great input .We look forward to hear your valuable comments.

Many thanks
  • #655
  • Edited 6:39am May 29, 2018 6:27am | Edited 6:39am
Quoting Husky77
not the best day ... 2300$ demo acc. {image}
So the 20% equity protection is also a myth.
  • #656
  • May 29, 2018 6:29am May 29, 2018 6:29am
Quoting JensItzig
{quote} So the 20% equity protectiom is also a myth.
Dear Jens

If a member set the equity stop to false, you must know equity stop don't work.The equity stop is there as an option if a member wants to use it.

Many thanks
  • #657
  • May 29, 2018 6:38am May 29, 2018 6:38am
Quoting magicpips
{quote} Dear Husky77 Yet again great and honest comments,sir.We will never try to convince any of our members if MODEST EA's trading strategy not suitable for them.As we have mentioned our EA uses SNOW BALL principles to make profit.It will accumulate orders where there is a high chance of winning, this is not called martingale strategy. Many thanks
I mentioned it @ Post 514. But this EA has nothing to do with Snowball (it's the absolute opposite).

Your EA is adding risk when it opens orders at the wrong side of a trend with the hope the equity will be enough to average the entry price over all entries to a level that a retracement get it out of trouble. It risks all equity for a small profit, because it has also no strategy when on the right side of an trend (look at the tiny TP). Because it always risk all equity (and the 20% equity SL is not working which Husky proofed yesterday) you need a 100% winning percentage to survive.

Snowball does the opposite. It's aware of small risks when at the wrong side. It will cut losses very striktly and early. If on the right side of an trend it uses the gained additiona equity to add risk free (in terms of the original risk) positions to get better risk:reward. So you have tiny risk vs. possible huge gains (which means also you don't need a high winning percentage at all).

Putting this together. This strategy is for sure a martingale style strategy.
  • #658
  • May 29, 2018 6:43am May 29, 2018 6:43am
Quoting JensItzig
{quote} I mentioned it @ Post 514. But this EA has nothing to do with Snowball (it's the absolute opposite). Your EA is adding risk when it opens orders at the wrong side of a trend with the hope the equity will be enough to average the entry price over all entries to a level that a retracement get it out of trouble. It risks all equity for a small profit, because it has also no strategy when on the right side of an trend (look at the tiny TP). Because it always risk all equity (and the 20% equity SL is not working which Husky proofed yesterday)...
Dear Jens

Much appreciated with your comments.Please do demo our EA.We would love to hear your valuable comments.

Many thanks
  • #659
  • May 29, 2018 6:52am May 29, 2018 6:52am
Quoting magicpips
{quote} Dear Jens Much appreciated with your comments.Please do demo our EA.We would love to hear your valuable comments. Many thanks
You are welcome. For sure you will have my comments, but i don't need to test the demo, because the posted screens showing mor than enough to understand it.
  • #660
  • May 29, 2018 6:58am May 29, 2018 6:58am
Quoting JensItzig
{quote} You are welcome. For sure you will have my comments, but i don't need to test the demo, because the posted screens showing mor than enough to understand it.
Dear Jen's
Quite disappointed that very experienced trader like your self won't be demo trade our EA,we were really looking forward to hear your comments.As you may have noticed we don't try to sell anything on our forum but giving the membersthe chance to demo our EA as long as they want.If you are not interested trying our demo EA,could we ask what are you doing in our forum,sir.
Many thanks in advance
0 traders viewing now