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  • #61
  • Edited 8:47pm Nov 7, 2013 8:30pm | Edited 8:47pm
Quoting dave888
{image} The reason why i had a high drawdown was because of a small bug on the EA which caused all my grid entries to open at once, it happened on GBPJPY. But i think this problem is solved now, since baokydev has given me V2 of the EA
you had high draw down because of you used GBPJPY

do you think other pairs wont move like that GBPJPY did ? lists of pairs used by baokydev didnt move more than 300 pips that doesn't mean that pairs never move more than 300 + pips together, we can not underestimate from this 20 days baokydev's trading statement

baokydev what will happen your pairs ( AUDUSD, EURAUD, EURUSD, NZDUSD, USDCHF ) move more than 300+ pips together to one side ???

because your system is "grid"
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  • #62
  • Edited 10:15pm Nov 7, 2013 9:56pm | Edited 10:15pm
Quoting charvo
one major concern is that you mentioned a few times that you only put 10% or so fund in the broker account, and when DD explodes, you'll depozit more to cover the DD. why would an investor do that? an investor depozit 1k like your 1st account and expect to double it in 1 month is absolutely different from another investor who has 10k but depozit 1k in what they expect and get. in other words, your 1st account doubled within a month. if an investor uses it, he will expect to double his depozit in a month. HOWEVER, in fact, you are suggesting an investor...

Everything need to have a fail over plan, If you see your boat sinking, would you do something to save it? If there still ways to save.

Lets say you have $100,000 savings, would you deposit all $100,000 to trade ?

Maybe you will, but how about if you split your money into 2 or 3 batches, like 33000 to trade, and the rest 66000 sitting, if the $33k is threathen, you might push another $33k to reduce loss. (if its still worth to save), that why planning of lot size and certain parameter in the EA is extremely important.

The idea is the same

Every form of trading methods got its risk, in forex you can't determine the direction of the movement too. All you can do is risk management to reduce risk and money management to ensure everything going fine, I just wake up and its 11:55am, and I saw my terminal closing 2 trades in profit for 3 out of 5 EAs and some had lower draw down compare to a few hours ago.

Its like building a Castle with this EA, initially you are empty, over time your castle gain more Archers, Walls, stronger base because of all the realized profit this EA take in for you, the first time the Enemy attacks you, it might hurts you and you need Reinforcement to save your castle, however after stop the enemy, your castle start to gain back what it loss and even more. The next time the enemy tries to hurt you, its harder to hurt you provided your "risk" does not upsize more than what you can afford to

If everyday at trading, you are afraid of many "What If" and many traditional concept, it is hard to move on smoothly. Every method of trading got its profitable ways. As long you find your way to be consistent its fine.

Quoting jone
{quote} you had high draw down because of you used GBPJPY do you think other pairs wont move like that GBPJPY did ? lists of pairs used by baokydev didnt move more than 300 pips that doesn't mean that pairs never move more than 300 + pips together, we can not underestimate from this 20 days baokydev's trading statement baokydev what will happen your pairs ( AUDUSD, EURAUD, EURUSD, NZDUSD, USDCHF ) move more than 300+ pips together to one side ??? because your system is "grid"
In regards to Jone response to dave, I agree that JPY pair movement is seriously much more than other pair.
I prefer to play lower movement but you can see at times I also open jpy pair on my Expert Adviser.

Jone if its happen, then its my fault because I open too many wrong sentiment pair and did not do proper hedging, what I can do is topup on each and every account to hold the damage.

I running 5 EA and its consist of 4 currency pairs. To make sure things won't really go 1 way, of course there is method to setup this EA to make sure you won't pro risk or pro non risk.


----------------------------------
Actually I realize throughout this Commercial Thread of my Expert Adviser Sale, I realize a lot of fellow traders have fear and questions on the management method, the way I am trading

If other methods/money management can works for you, its always good to stick to that method as long its make consistent money for you. To me, this Expert Adviser is my working solution and its my coding pride. Everything is well planned and I can't assure you its the holy grail for everyone, but at least, its the closest one I could find for myself.

The questions on draw down and my fail over plan is all planned by me, every human individual have different thinking I won't expect everyone to agree to my management plan.
Trading is something special.
  • #63
  • Nov 7, 2013 10:13pm Nov 7, 2013 10:13pm
So far you look like have a crystal ball that every trade is winning trade. Amazing. Do you use any indicator?
Follow me to the Promised Land
  • #64
  • Edited 10:44pm Nov 7, 2013 10:18pm | Edited 10:44pm
Quoting xlitang
So far you look like have a crystal ball that every trade is winning trade. Amazing. Do you use any indicator?

I run my EA , and I watch the fundamental news to get a gauge of the market feel.

I also use 2-3 indicators which is quite popular. The idea of not running a fully automated EA is to prevent things goes wrong.

The reasons why I keep mention my EA is semi-auto instead of fully auto is because you need to know to setup the EA with which pair .
Of course I will guide my buyer on how to exactly find proper setup and do proper risk management to secure equity.

You need to consider your Risk over Returns. As long your returns justify your risk, its fine and good to go
Trading is something special.
  • #65
  • Nov 8, 2013 3:19am Nov 8, 2013 3:19am
Hello,
Your ea up to now is nice. I would like to ask; my broker lavarage 1;50 but ı can use 0.01 lot your ea is working 0.01 lot? and how many max position can open trade? sorry for my englih. another qestion how many ea selling?
Best Regards.
Bülent.
  • #66
  • Edited 1:46pm Nov 8, 2013 10:40am | Edited 1:46pm
Quoting bulent
Hello, Your ea up to now is nice. I would like to ask; my broker lavarage 1;50 but ı can use 0.01 lot your ea is working 0.01 lot? and how many max position can open trade? sorry for my englih. another qestion how many ea selling? Best Regards. Bülent.
I think its fine, but depending on how much Liquidity you have.
Although I still advise that you play on 1:200-1:500 broker with 0% stop out level.

The price of the EA is at $500 for the next buyer and then I will rise it to $550 for the next one.
Trading is something special.
  • #67
  • Edited 4:51pm Nov 8, 2013 4:38pm | Edited 4:51pm
Currently I have 3 pending student/buyer who want to buy my EA and we will likely interact at this coming monday market open, I ask them not to pay me first as I only want to receive money when the market is open and guide them on the setup and how I spot entries with my EA and let my EA build money for them


As of now, I announce this Expert Adviser price is at $550 now for those who had not yet contacted me, the price will continue up and I won't drop the price for anybody. If you think I am ripping anybody off, just don't buy my EA.


This EA sales come with Tutor Session with me on how to setup, how to manage risk, how to spot entries.

Of course the purpose of this EA is to make you DECENT consistent profit like how its made mine daily.

----------------------------

I also would like to mention I would not offering any Signal Service, I would rather teach you how to fish than give you a fish.


--------------------------

For those interested to buy the EA can reach me by skype baokychen, but please make sure you fit the criteria

1) You are trading at broker which have the leverage at least 1:200, max 1:500
2) You have at least $1000 to trade at that account and at least $2000 at your bank or wherever and can be use to fund the account if needed to.
3) Your broker stop out level / margin call level is at 0% - at the best situation

Make sure the money you trade at Forex are money you can "afford to lose", I don't want you waste your important daily needed money on Forex.

I am using FxPro for such thing, but not all people here can trade at this broker due to nationality issue. (US citizen I believe)

P:S I AM NOT FxPro related staff or what. I am just a retail trader like you.

---------------------

I just updated my Post #1 with the latest earning screenshots after 2-3 weeks of run with my EA.
All of the trading is run with my Real Money Live Account.

http://www.forexfactory.com/showthread.php?t=455065#1


Only 1 who risk can see how far 1 can go. ( My daily must watch video )
Inserted Video
Trading is something special.
  • #68
  • Nov 8, 2013 10:26pm Nov 8, 2013 10:26pm
I'm not sure if people are this gullible or they're different usernames of the vendor. Like why would anyone put 500 dollars down for a system that has only barely one month's history. The recent profits mostly came from one movement, the euro sell off. Not to mention the ea stacks up orders to high leverage and no stop loss.

Sounds like another system that will blow up within 6 months.
  • #69
  • Nov 8, 2013 10:50pm Nov 8, 2013 10:50pm
Quoting Iro
I'm not sure if people are this gullible or they're different usernames of the vendor. Like why would anyone put 500 dollars down for a system that has only barely one month's history. The recent profits mostly came from one movement, the euro sell off. Not to mention the ea stacks up orders to high leverage and no stop loss. Sounds like another system that will blow up within 6 months.
why? because everyone want to get rich quick. For me I need at least three months consistent winning before I invest anything in EA.
Follow me to the Promised Land
  • #70
  • Nov 9, 2013 12:55am Nov 9, 2013 12:55am
Quoting Iro
I'm not sure if people are this gullible or they're different usernames of the vendor. Like why would anyone put 500 dollars down for a system that has only barely one month's history. The recent profits mostly came from one movement, the euro sell off. Not to mention the ea stacks up orders to high leverage and no stop loss. Sounds like another system that will blow up within 6 months.
Quoting xlitang
{quote} If no margin call that means you losing your account together with your pants too??
Quoting xlitang
{quote} What happened if storm goes against you?
Quoting xlitang
So far you look like have a crystal ball that every trade is winning trade. Amazing. Do you use any indicator?
Quoting xlitang
{quote} why? because everyone want to get rich quick. For me I need at least three months consistent winning before I invest anything in EA.

Thanks for participating in this thread, I am sure people does not just want to get RICH QUICK, but rather they are finding a way to settle down and provide them consistent earning with their investment. The price $500 (current $550 usd) might be "too much" for some but to me is a way to deter people who potentially not serious enough to learn the EA and use it for a living.

To add on, my EA does not get this growth just on 1 pair EUR/USD or EUR related, you can check on the Trade History at the Trade Explorer, I trade more than 5-6 pairs and switching as what the market sentiment favor.

2nd, this system is not about just being right, its about teaching the buyer how to be consistent and manage his risk.

Main thing is EA can continue make profit for you 24 hours, you don't have to stare at the chart, some people here got day job and want to invest part of their salary to improve their life, maybe can afford better living etc.

I won't say my system is the holy grail, its more about being consistent and how to manage things if its go against you. All about risk management.

You can doubt my system, I am fine with it, I don't expect everyone here to be WOW this system works, there surely doubts and many people here just waiting for it to fail then can come and respond see this system sucks its the human ego and pride in play to step on another 1 failure

I know how its like but I won't do that thou.
Trading is something special.
  • #71
  • Nov 9, 2013 2:31am Nov 9, 2013 2:31am
Quoting baokydev
Updated my thread with all the screenshots. All are live account & its all the EA i am currently running. Blow up EA account: 0 to date Tested for near 2 months. 3 accounts at other computer which 2 make roughly $200-$300 with low risk at 2 weeks , and another make 45% profit gain at 3 weeks with moderate risk. Take note: Using this EA need some common sense on the parameter setting, I will teach you what is common sense setting
Hello
i want to buy your EA please
send me the details in how to buy it

uaenow222 at gmail

thanks
  • #72
  • Nov 9, 2013 2:37am Nov 9, 2013 2:37am
if your EA make money with gbpusd, gpyjpy, eurjpy, usdjpy, usdchf ... then i will buy this EA

your EA works well in sideways currency pairs that not spike but within 3 month time period it will move more than 300+ pips that movement your account will wipe out
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  • #73
  • Edited 7:42am Nov 9, 2013 3:01am | Edited 7:42am
CAUTION: BELOW IS A LENGTHY RESPONSE BY ME

Quoting Uae
{quote} Hello i want to buy your EA please send me the details in how to buy it uaenow222 at gmail thanks

Hi there, I currently don't take payment as market is close and I can't teach you live now.

Payment can be made on Monday Market open, you can add me on skype - baokychen and can contact me on monday

I will provide 1:1 tutor session on how to correctly determine market sentiment and how to setup the EA to automatically trade for you.
Everything I do is made simple, I don't like difficult thing, no complex and no need to be a math or forex expert to use the EA.
Keep it short & simple

But make sure you fulfill the following criteria

For those interested to buy the EA can reach me by skype baokychen, but please make sure you fit the criteria

1) You are trading at broker which have the leverage at least 1:200, max 1:500
2) You have at least $1000 to trade at that account and at least $2000 at your bank or wherever and can be use to fund the account if needed to.
3) Your broker stop out level / margin call level is at 0% - at the best situation ( I am using FxPro <- Its not referral link ,its FF auto linking

Make sure the money you trade at Forex are money you can "afford to lose", I don't want you waste your important daily needed money on Forex.


Quoting jone
if your EA make money with gbpusd, gpyjpy, eurjpy, usdjpy, usdchf ... then i will buy this EA your EA works well in sideways currency pairs that not spike but within 3 month time period it will move more than 300+ pips that movement your account will wipe out
I do trade AUD/JPY on 1 of my EA, but I prefer not to play risky pair, actually why would you list down gbp usd, usd chf etc.
How about the other major pair like EUR/USD, AUD/USD , NZD/USD and USD/CAD etc which got potential to make money too (^^)

1 thing you don't realize is even if its move 300 pips against me, there still money to be made.
Sometime, we just look things as a normal retail trader will do, we are brain wash with those normal trading methods.

But if you think a bit wider on the concept of Forex & apply risk and money management, every move is an opportunity to grow your money. Even lets say you follow what the books taught you, what the majority are saying ( 95% trader lose ) , it doesn't ensure you make money.

------

I am okay with nobody buying my Expert Adviser or buy my Expert Adviser, I am learning while teaching others how to make EASY and High win Rate money at Forex.

If you think 3 weeks of result is not enough, What I make in this 3 weeks is enough to cover the original capital and the rest money inside are "Risk Free", aka no capital involve. Playing on profit, what I loss is time.


Some people support their Expert Adviser with few months or few years of back test / forward test doesn't mean their EA can works for you too. The idea behind my EA is covered by a very simple ideology which I inspire on how the market move.

Before I go live with my EA, I had been trading 1 month with my friend using this EA and we won over 45% for that month, follow by running this EA.The concept is strong that make it working well no matter what period of forex you are playing. I am trading M1 for best reaction.


I have 3 years + experience of trading and 7 years of programming knowledge. I know many of you out there are more experience than me, I humbly will appreciate your inputs too, afterall we are here as Retail Trader to make money for making our live better.

I won't say what I selling is a sure win, just that I think Forex Market is open every WEEKDAY, the money is there, its just see whether you are CAPABLE to win what other is losing in the market. Its not that hard, things wasn't that hard as what many people think.



Selling EA per copy at $500-$550 can make me $5 more extra a day, which can buy a meal. What I offering is not just giving the buyer a EA and expect him/her to play around with it without my help. If I offer this for free, the EA would be worth nothing and knowledge doesnt come free, my time is money too.

I will be there at my com to guide the buyer, whenever they are confuse or loss in the path of forex to make money with Expert Adviser, until they grow and able to be independent.

I observe price action and setup my EA to trade what I observe, of course what I observe and how I observe will be taught to my student(buyer of the EA). I wont say what I setup is 100% right, there also time when I will take a drawdown more than 50%, that where risk management come in place.

What you paying for the Expert Adviser can be easily make back between 2 weeks to 1 month if you trading at $1000, but I am sure not many of us just trading that small amount, there some buyer who contact me intend to trade in more than $10000 and they will start off with $1000 to ensure everything goes right and then start to invest more.


Many people daily read forex books and forex thread trying to enrich their knowledge and find the Holy Grail. But the weakest link in Forex is actually Human, because we got Greed & many other flaws which could lead us to judge things wrongly.

Using an EA is suitable for people who are currently working yet wanna trade forex, I am sure you will be happy like I do whenever I return to my trade desk, I will see my 6 MT4 and found out the drawdown is "okay" within acceptable range and check history that while I was away, my EA manage to cloes a few trades in profit ( x 6 ea its a lot of positions )

It is also suitable for people who have difficulty making money with their existing EA or manual trading. We only can face the screen and at our best 100% only for a few hours, you will start get bored, get angry, or other emotion which will change your normal behavior and result in undesirable outcome.

EA if well coded, can be left unattended and trade for you 24 hours, I am sure you can't trade 24 hours for 5 days straight. But EA can. But the key thing is still to promote Consistent Earning with manageable risk. Such as if you wanna invest $5000 into forex, you will hope to receive a $1000-$3000 returns in a month, that call Decent Earning, nobody want to put in Bank all their money and get a 0.1- 5% interest, which is less than 1% return a month. Of course you still need money in bank because they are the fastest way to liquidate and to be use.


My Favorite Quote:
Only those who will risk going too far can possibly find out how far one can go.
- T. S. Eliot
Trading is something special.
  • #74
  • Nov 9, 2013 10:19am Nov 9, 2013 10:19am
Quoting baokydev
CAUTION: BELOW IS A LENGTHY RESPONSE BY ME {quote}I observe price action and setup my EA to trade what I observe, of course what I observe and how I observe will be taught to my student(buyer of the EA). I wont say what I setup is 100% right, there also time when I will take a drawdown more than 50%, that where risk management come in place.t

What are the case that you have 50% DD?
Follow me to the Promised Land
  • #75
  • Nov 10, 2013 2:23am Nov 10, 2013 2:23am
Hi baokydev

What kind of FXPro account you are using, MT4 or MT4 EA Micro account?
Thanks
  • #76
  • Nov 10, 2013 2:29am Nov 10, 2013 2:29am
Quoting xlitang
{quote} What are the case that you have 50% DD?
Top up to the account to reduce the drawdown ( typically what other say as "add to loser" )

Quoting Uae
Hi baokydev What kind of FXPro account you are using, MT4 or MT4 EA Micro account? Thanks

The one that allow me to trade 0.1 lot at 1:500 leverage. I just signup an FxPro account > apply for MT4 live account , not ECN .
Trading is something special.
  • #77
  • Nov 10, 2013 7:58am Nov 10, 2013 7:58am
Version 2 of "Baoky Builder" is up, for buyer who are interested can contact me at the Skype baokychen when the market is up later.
For dave, you can just pm me and I will send you the update.

Did some enhancement to the algorithm to improve profit while maintain risk level. Tested with some history of past 2 weeks using strategy tester.

For the price & information please see my first post of this thread .
Trading is something special.
  • #78
  • Nov 10, 2013 8:14am Nov 10, 2013 8:14am
How many accounts can EA run?
Follow me to the Promised Land
  • #79
  • Nov 10, 2013 9:41am Nov 10, 2013 9:41am
Quoting xlitang
How many accounts can EA run?
As many as you want I am running on 6 MT4


-------

Market is opening soon, a new week, a new start and new opportunity.
Trading is something special.
  • #80
  • Nov 11, 2013 3:21am Nov 11, 2013 3:21am
can you email me plz.i want to get your EA
I dont have skype

uaenow222 at gmail
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