FxTyrant EUR/USD System | Forex Factory

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FxTyrant EUR/USD System

  • #1
  • First Post: Dec 8, 2010 8:33am Dec 8, 2010 8:33am
Dear readers,

Its almost a year now since i've started running my EA on a live account on FXDD, keeping it as secret as possible, and today im glad to announce that i'm posting the system's progress so far ever since the start back at April 12th 2010,

http://www.myfxbook.com/members/bgug...d-live-1/26393

this is one of the many systems im running live and testing out, the reason im posting the data out now is simply because we have started to realise how FXDD our broker is starting to manipulate the slippage on our account leading to our EA to lose trading opportunity, none the less we are still capable of making profit, but not as much.
I've decided to move brokers at the end of this year and i will leave this account inactive and the data here just for reference about our system's performance.

Once again i stress the importance that this system of our is trading EUR/USD and the data provided is a Live Trial using real money!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #2
  • Dec 8, 2010 9:25am Dec 8, 2010 9:25am
Quoting bguguen
Dear readers,

Its almost a year now since i've started running my EA on a live account on FXDD, keeping it as secret as possible, and today im glad to announce that i'm posting the system's progress so far ever since the start back at April 12th 2010,

http://www.myfxbook.com/members/bgug...d-live-1/26393

this is one of the many systems im running live and testing out, the reason im posting the data out now is simply because we have started to realise how FXDD our broker is starting to manipulate the slippage on our...
...so you use disaster stops only, is that right?
  • #3
  • Dec 8, 2010 9:44am Dec 8, 2010 9:44am
Quoting sidefx
...so you use disaster stops only, is that right?
Similar, 210 pip SL has always been the area of the next day strongest S/R area on the trade placed, Sl never changes, however TP varies from 10-12 pips
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #4
  • Dec 8, 2010 9:53am Dec 8, 2010 9:53am
Quoting bguguen
Similar, 210 pip SL has always been the area of the next day strongest S/R area on the trade placed, Sl never changes, however TP varies from 10-12 pips
Interesting, turns the standard wisdom on R:R on its head.
  • #5
  • Dec 8, 2010 9:54am Dec 8, 2010 9:54am
draw down is more important that winning. martingales... like bulletproof uses...
wide stops and narrow take profits... it's all a disaster waiting to happen.
it was nice of you to post your system.

thanks.
  • #6
  • Dec 8, 2010 11:26am Dec 8, 2010 11:26am
Quoting paulrotter
draw down is more important that winning. martingales... like bulletproof uses...
wide stops and narrow take profits... it's all a disaster waiting to happen.
it was nice of you to post your system.

thanks.
Yea well paul, im sorry to say but as you can see my system's losses though its at 210pips its never consecutively lost, as long as it keeps this way, my Consecutive wins that this robot so often make would easily out win any losing situation..
Reason for this 210 pips is for time to time this 210 pips saved my ass, when trade entered technically triggered and normally TP should be within 10-30 minutes, any fundamental shocks would definitely be withstanded by my 210 pips as long as the trade entry is at a technically sound area.
the 210 pips is there for a reason to withstand fundamental shocks on EURUSD.
couple of times now that EURUSD has tried to reach my 210 pips sl but rarely reaches it, it always turn back to hit my TP before my 210 pip sl
i know 210 pips looks scary but as long as the trade entry is sound, all is fine
thats why im changing brokers, FXDD has identified me as a threatening customer, already sending me emails about shutting down my account because of the growth, right now they dont have a reason yet so they are messing with me with slippage and that would in effect make my robot enter trades at a wrong Price Level, which yes indeed would end up disastrous. thats why ive gone to an ECN broker.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #7
  • Dec 8, 2010 11:58am Dec 8, 2010 11:58am
I have heard of the 210 stop loss method before. Actually I know a trader that uses a several hundred pip stop loss and his Take Profit is usually around 20-30 pips if that. I personally like to make sure my risk/reward is usually 1:2 but sometimes 1:1. I do not have the appetite for a 20:1 or 50:1 risk/reward.

What is your usual Take Profit on your trades?
"More important than the quest for certainty is the quest for clarity"
  • #8
  • Dec 8, 2010 12:35pm Dec 8, 2010 12:35pm
Quoting JeremyMoore
I have heard of the 210 stop loss method before. Actually I know a trader that uses a several hundred pip stop loss and his Take Profit is usually around 20-30 pips if that. I personally like to make sure my risk/reward is usually 1:2 but sometimes 1:1. I do not have the appetite for a 20:1 or 50:1 risk/reward.

What is your usual Take Profit on your trades?
i understand what you mean but yea my usual take profit varies on Money Management but in pips its fixed on 10 and 12 pips
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #9
  • Dec 8, 2010 3:52pm Dec 8, 2010 3:52pm
In trading, risk/reward is everything. I have not ever seen a system survive that has this kind of horrible risk/reward (unless you are using a manual stop of some kind, that is not indicated). RUN from this system!
  • #10
  • Dec 8, 2010 4:17pm Dec 8, 2010 4:17pm
Quoting Dreamliner
In trading, risk/reward is everything. I have not ever seen a system survive that has this kind of horrible risk/reward (unless you are using a manual stop of some kind, that is not indicated). RUN from this system!
Lol risk/reward is not everything buddy....
oh well apparently people know more than i do knowing i developed it over 2 years period, oh wells ill just enjoy making money out of it, oh by the way the robot rarely trade during EURUSD active hours.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #11
  • Dec 8, 2010 4:19pm Dec 8, 2010 4:19pm
Yes, I would say with developing a system with this kind of risk reward, people do know more than you do, and have more experience. Most people are really happy with this kind of a system for months or even years, until they hit the stop loss just twice in a row, then they realize the previous 2 years was a huge waste of time. But have fun making those profits while you can, until you hit the stop loss a few times.

Quoting bguguen
Lol risk/reward is not everything buddy....
oh well apparently people know more than i do knowing i developed it over 2 years period, oh wells ill just enjoy making money out of it, oh by the way the robot rarely trade during EURUSD active hours.
  • #12
  • Dec 8, 2010 4:46pm Dec 8, 2010 4:46pm
Quoting Dreamliner
Yes, I would say with developing a system with this kind of risk reward, people do know more than you do, and have more experience. Most people are really happy with this kind of a system for months or even years, until they hit the stop loss just twice in a row, then they realize the previous 2 years was a huge waste of time. But have fun making those profits while you can, until you hit the stop loss a few times.
Yea well i simply dont see that happening for as long as EURUSD exist
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #13
  • Dec 8, 2010 5:09pm Dec 8, 2010 5:09pm
Yes...I just closed my account with fxdd for the reason that I don't think they are very trader friendly....manipulation of prices...stop hunting, etc

They HAVE to be hurting along with all other american based brokers being "regulated" to the GROUND! I tried to open a 2nd account with them and they required a letter from me stating WHY I needed a 2nd account, and after they review it and approve it they will allow me to do so...yeah, right....when I called them on their BS they said it was an NSA requirement....and they said it with alot of resignation to the fact that the fun times are OVER for american brokers....to me they are now DOA (dead on arrival), their days are probably numbered and they have to find a way to make money for all the revenue lost due to overregulation....so why not take it from the "little guys"!
  • #14
  • Dec 8, 2010 5:18pm Dec 8, 2010 5:18pm
Quoting 4xplosion
Yes...I just closed my account with fxdd for the reason that I don't think they are very trader friendly....manipulation of prices...stop hunting, etc

They HAVE to be hurting along with all other american based brokers being "regulated" to the GROUND!...
yea actually, ive already requested a withdraw of all my funds on this account i am showing, to be processed by next month, they were very pleased to hear im moving away lol, i guess they got fed up with me making money while causing misery to them... LOL!!! that'll teach Market Making Brokers to sometime NOT trade against their own clients....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #15
  • Dec 8, 2010 5:48pm Dec 8, 2010 5:48pm
Quoting bguguen
Yea well i simply dont see that happening for as long as EURUSD exist
...anything can happen, just be very careful.
  • #16
  • Last Post: Dec 8, 2010 7:21pm Dec 8, 2010 7:21pm
Quoting sidefx
...anything can happen, just be very careful.
dont worry, i also trade manually on another account to keep an eye out for anomaly on EURUSD incase something happens, though my robot is often turned off on the Day of NFP report publication.
Most of the robots losses happened on NFP days...
so i basically turn it off on NFP day.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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