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  • Ranger EA (Standard Risk 500:1 Leverage) | Demo Account XXXXX12
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Quoting Redbaron81
Well USA lifted tariffs on Canada so...Its going to a gap down...question is how much and will this be a margin call. Could gap down more then 100 pips. This is going to be interesting week for sure.
This news came out Friday during the market hours.

Jeff
I EAT PIPS
Quoting dbdan
I'm skeptical to find that all the back test produced only 1 instance of a 38% DD and today the system is beyond that. Further enforces the idea that back tests don't really tell the entire story. What the other pairs should be doing right now is offsetting at least some of the DD from the GBPCAD but it's not. Interested in what Ryan has to say about the current situation because this shouldn't be happening. I mean what if it went down another 500 pips. Does the EA just keep taking more trades? Can't do that forever. Want to cover all the corners...
the drawdown in MT4 backtest is not a floating drawdown. that is why it not showing there.

MY4 backtesting is flawed.

you can get around it by running some scripts on the positions. calculate open risk as you loop through tick data; print the max dd to file
the starting line says NEVER lOOSING. if that is NOT misleading i dunno what is. and starting your thread with an absolute lie definetly keeps me skeptic. every system looses at a given point. so coming up anc caliming a NEVER LOOSING ea... common? who can take this seriously . .. even if ea is good... why would you overclaim and have the expectatives be so high ... as never loosing... common.... ofcourse lots of ppl gonna run away...... it might not be a scam...( but certainly looks like it... scams always exagerate thigs to draw attention: much like this. ) but for someone who has 20 years in the market to claim EA never loosing..... has got to say something about him... more than his trading ...

and now what you gonna tell your followers when account blows..... it was a first timer ? in 14 /20 years? ( cause you cant even agree with yoursel on this .. in diff post and videos you say different . !!!!

your good intentions kindda fade away when you deceive ppl and use the line NEVER LOOSING ( and in caps ) lol
Everyone seems to have looked right past the title of the explorer

Ill help you read it

"Linked: RMI Inside Candle High Risk"

Im gonna just skip explaining what high risk means because.... yeah...
Quoting forexn00b81
Everyone seems to have looked right past the title of the explorer Ill help you read it "Linked: RMI Inside Candle High Risk" Im gonna just skip explaining what high risk means because.... yeah...

there is a HUGE leap from high risk to NEVER LOOSING!!!!
Quoting xpensive
{quote} there is a HUGE leap from high risk to NEVER LOOSING!!!!
GBP/CAD has a awerage 20 day ADR of 109 pips and 10 day ADR of 119 pips meaning that it moves over 100 pips everyday in awerage of course DD like this will happen now and then and hes down 260 pips give ore take from first possision on GCAD that is not more than 2 1/2 days in one direction so i wouldnt give up just yet.But a close of 50 pips positive seems kind of far away.
Quoting FXsniper111
The danger is not really that it will blow up for that it needs to drop another 3-400 pips,but that it will go in range within say 200 pips and can stay there for weeks months without a close then the money is tied up and will not generate profit.That is why i am playing around with a 5-10% cutoff so you can get in new trades to get some closed baskets and make up for the loss and not spend weeks/months without generating anyting..And there is nothing saying that it will not drop another 500 pips also with the Brexit noice going on.
What the EA needs to do is open another new sequence of trades every time the original trigger rules are met, regardless of how many other sequences might me running.

Then if the first sequence (or any sequence) gets caught in a range for several weeks the additional sequences will keep adding to the account, thus covering the Swaps that are building on the sequence that is stuck in a range.

I also believe the grid needs to be dynamic rather than just opening trades based on a fixed grid. One why of doing this is for the EA to take its trigger for any grid trades (following on from the first trade being opened) from the M5 TF where a trade would be triggered by the same rules that opened the first trade on the higher TF.

This way the grid would have meaning because at the moment every new grid trade that opens is just a random trade which is far removed from why the very first trade was opened and its only purpose if HOPE in that the EA hopes the market will retrace.
Some people say I'm lucky, but the more I practice the luckier I get
- if you read the thread a stop loss can be used. The op explains. This situation would be avoided. (70/50 for example) .

- For non us residents you can setup a true hedge which makes the ea more robust
- one instance of the ea running only short
- another instance of the ea running on the same pair as only buys
- The trade Manager running to close all positions at a desired profit or to close at a certain dd percentage
(great if someone could set this up in trade explorer)

-Run only 1 pair at low risk setting

- Run the EA as if trading manually. Don't just let it run through crisis events blindly. Good results depend on the operator as well.
- Would you rather trade manually all day ? ( no offence intended here )

--Don't be too hard on Cubby. It's a good EA. Real bad time to run on high risk setting. The EA will probably recover any way at his settings.
Quoting mankindeg
{quote} Great idea really. I also have included a stoploss in my trading. I have a new setfile, that looks promising, although it doesn't make huge amounts of money, it looks extremely smooth and consistent, making it look promising for the future. I will test it out in the coming week.
Share with us a *.set file.
Please excuse the bad English via Google Translate.
Quoting xpensive
the starting line says NEVER lOOSING. if that is NOT misleading i dunno what is. and starting your thread with an absolute lie definetly keeps me skeptic. every system looses at a given point. so coming up anc caliming a NEVER LOOSING ea... common? who can take this seriously . .. even if ea is good... why would you overclaim and have the expectatives be so high ... as never loosing... common.... ofcourse lots of ppl gonna run away...... it might not be a scam...( but certainly looks like it... scams always exagerate thigs to draw attention: much...
That's an unfair criticism. He's not trying to deceive anyone. Why would he be? He offered this EA at NO CHARGE. What would he gain by tricking people into using it? He shared it in the hopes it would help some other traders. In his experience it had never lost, and that's what he said. Guess what? That is still true. He's in a lot of drawdown right now, but we don't know how it will turn out.

Is there room for improvement in the EA? Probably. I've seen some good ideas offered. I'm sure Cubby doesn't mind the constructive criticism on the EA. But the accusation of deception is a LOW BLOW, and you should retract that immediately.
Prices are never too high to begin buying or too low to begin selling.
Quoting turtlefan
{quote} That's an unfair criticism. He's not trying to deceive anyone. Why would he be? He offered this EA at NO CHARGE. What would he gain by tricking people into using it? He shared it in the hopes it would help some other traders. In his experience it had never lost, and that's what he said. Guess what? That is still true. He's in a lot of drawdown right now, but we don't know how it will turn out. Is there room for improvement in the EA? Probably. I've seen some good ideas offered. I'm sure Cubby doesn't mind the constructive criticism on the...

stating in a video that he has a NEVER LOOSING EA .. common! if all his intentions are good why would he claim something we all know its impossible. lies always generate doubt. thas all am saying maybe ti was his mistake to raise the bar like that.... maybe he should have been humble enough to call it what it is a.. an ea with room for improvement.... not a NEVER LOOSING EA!!!! .. lies are always bad. no matter if the intentions are good
Quoting xpensive
{quote}why would he claim something we all know its impossible.

Because, the test shows as much. The test showed every month with a positive return, except for one month.
I would guess that's why he said it. Because the test showed as much.
Why don't you sit back and patiently give it a chance to fulfill your apparent condemnation, youre already having the funeral for his system and he hasn't even reached 50% dd!!

So many accusations thrown at this guy, instead of thanking him for giving his system away with incredible results, this is typical arrogance that usually results in a big thread argument and ultimately the op will just cut the thread and remove the download...

All this because you just like to honk your horn at someone the first chance you get, what a waste...

It's a shame we have to endure such attitudes of finger pointing and condemnation.

Thank Brexit for the rough ride, it's not the ops fault..

I myself am in a really bad position with the latest Brexit news, hope it will turn, you're so busy squawking negativity about someone else's system yet you don't seem to be posting any links to the system with zero dd, huge returns, and perfect entries, which will survive a 20 year backtest with NO losing months....

The op has scientifically searched this out very carefully it's amazing how quickly people attack someone who only intended to help your sorry complaining rear ends!

This only proves one thing, FOREX is DANGEROUS, and most people today are quite pathetically ungrateful..

THANK YOU for the share op, I appreciate the time you have put into this...
Quoting xpensive
{quote} stating in a video that he has a NEVER LOOSING EA .. common! if all his intentions are good why would he claim something we all know its impossible. lies always generate doubt. thas all am saying maybe ti was his mistake to raise the bar like that.... maybe he should have been humble enough to call it what it is a.. an ea with room for improvement.... not a NEVER LOOSING EA!!!! .. lies are always bad. no matter if the intentions are good
He hasn't lied to anyone. The EA had never lost when he made those claims (and still hasn't). He doesn't recommend stoplosses because historically the system hasn't needed it.

If you thought he was lying and trying to deceive people in the first video, then why are you still here? Don't tell me you put the EA on a live account without testing it and are just sore at the EA creator now because you have lost money. If so, you have no one to blame but yourself.

It is shocking to me how ungrateful some of you people are.
Prices are never too high to begin buying or too low to begin selling.
Like any thread here, the trolls come in and spoil the party. They should be banned from posting . The troll minions .
Attached Image
Hello everyone!

Sorry for my absence of the past week!

I've been in the middle of a move and have had guests staying over at my new place for the past week. I'm very behind on responding to sooo many messages.
Anyway, yes we are in drawdown right now and it's heavy. What's going on with the brexit situation has gone from bad to worse as some are saying the UK government is on the verge of collapse. I'm hoping for a bit of a pullback when the market opens and over the next 24 hours. I do fear the GBP will continue to fall more though after a small 50-100 pip pullback up. My thoughts are it won't have a big enough pullback at 1.71 to close our trades out in profit but I do think it will have a more substantial pullback around 1.70. The question is...Can my account last that long at this risk level? Standard account risk would for sure. Double risk? Maybe not...

My double personal risk settings account have hit a maximum of -46% DD so far because of this GBP drama. It's evident that my EA has a weakness to large economic events. The last big one was in Oct 2018 when the CAD had very strong movements in one direction with almost no pullbacks for weeks because of the CAD tariffs.

By the way, I have not read any of the previous 2 pages of comments on my thread. I know some of them will be trolls, some will be complaints and some will be advice. I think it best for me to not read a lot of these comments (yet) as I don't think they are going to do anyone much good until one of 2 things happen here. 1, our DD closes out for profit. Could be days, weeks or even months. Just unknown. 2nd, our trades close out in margin call. I'm considering taking down my website or making big changes on ether scenario as it's clear we need some kind of safety net in place using a system like this. This kind of unpredictable price action and news is happening more and more often giving the strategy more and more DD pressure.

I may give an youtube update on Monday or Tuesday next week to talk about the DD and the future of the EA. I hate doing these kinds of videos when in a large DD because the comments are always a drag to go through. I will likely not be reading comments on youtube or on FF until these trades have closed. I want to stay focused since I am also using the EA myself.

I will continue to hold my positions as of now. I will consider a possible close at -60% DD but I may hold past that. I want to keep a clear mind so I can make the proper assessment. I really don't want to manually intervene with my EA but because of the current situation, I'm not ruling it out. Right now traders need a reason to push the GBP back up which they don't have. At least not yet. We could get a technical pullback at 1.71 on the GBPCAD though but we will need more than just the technical here. Some CAD negativity could help but still, the GBP will likely be prime focus until we get a better brexit picture.
Quoting Cubbybgood
{quote} Well, I've had over 2700 downloads of my system so far including downloads from my youtube channel. Let's say each person downloaded just once. Out of those 2700 people, I would guess only 10% of them are using my system/EA as intended. Unfortunately, this is just how the retail forex space works. Honestly, another reason why so many of us lose in retail forex trading. We just can't follow instruction or worse, choose not to. 10% of people using my system correctly isn't a bad thing for me personally, it will likely keep the integrity of...
I suspect 10% is an over estimate. So many people have English as a 2nd language that it is a challenge for them to 1) read the entire thread and then 2) understand what was read. Then add the ones that are TOTAL beginners and the ones that have some experience but have a lot of incorrect beliefs, and then those that try it but can't get it to work, and your 10% falls to more like 1 or 2%
The markets are speaking to you. Do you know their language?
When you talk big you got to back it up. Props for the t.e though
Quoting DrDave
{quote} I suspect 10% is an over estimate. So many people have English as a 2nd language that it is a challenge for them to 1) read the entire thread and then 2) understand what was read. Then add the ones that are TOTAL beginners and the ones that have some experience but have a lot of incorrect beliefs, and then those that try it but can't get it to work, and your 10% falls to more like 1 or 2%
Please can you help me turn my indicator to Ea?

Hello Sir, please can you help me automate my custom indicator
Quoting Cubbybgood
Hello everyone! Sorry for my absence of the past week! I've been in the middle of a move and have had guests staying over at my new place for the past week. I'm very behind on responding to sooo many messages. Anyway, yes we are in drawdown right now and it's heavy. What's going on with the brexit situation has gone from bad to worse as some are saying the UK government is on the verge of collapse. I'm hoping for a bit of a pullback when the market opens and over the next 24 hours. I do fear the GBP will continue to fall more though after a small...
Head up! The Aussie and the Kiwi will give a boost up tonight because of the election result in Australia...
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