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  • #121
  • Edited 10:59pm Nov 15, 2013 10:11pm | Edited 10:59pm
Quoting shellsnail
From: http://www.forexfactory.com/showthre...t=57639&page=3 For dealers, its a different game, because when markets are going up in a BEAR market, customers keep making them short, their book keeps getting bigger short, but their average cost of being short keeps going up. all they have to do is to wait for the trend to enforce and when the market returns to the point where the buying started , he would make nearly the amount of money that made him short in the first place. For this to happen, he has to have a book big enough to accommadate...
Thanks

Quoting mehdi343
{quote} See this http://www.myfxbook.com/members/mehd...trategy/752738

Thanks mehdi, I know you are in the 'worse scenario' I mention to you, well things should be okay if you practice mone and risk management.


Quoting Gvc
Mehdi, Who are you trying to kid....... It is no use to show only closed trades, but current ones as well. You have lost all your gains in one day....lol
True, the main thing is still the equity rather than the balance.


New EA setup over this week

Attached Image (click to enlarge)
Click to Enlarge Name: newEA.png Size: 68 KB


The key thing of forex trading is to consistently making profit rather than 1 shot wind fall , many traders can't show their live result and can speak a lot of theory but know the strong front put out there is nothing more important than having money in our pocket.

Have a nice weekend and stay strong Next week will be a busy week with all the FOMC minutes, AUD monetary, JPY monetary, GBP news etc. Will be a good week to grind money
Trading is something special.
  • #122
  • Nov 15, 2013 11:05pm Nov 15, 2013 11:05pm
Quoting mehdi343
{quote} See this http://www.myfxbook.com/members/mehd...trategy/752738
Dear Mehdi,
Could you please show us open trades ?
Regards.
Bülent.
  • #123
  • Nov 16, 2013 4:58am Nov 16, 2013 4:58am
Quoting mmaker
{quote} The open trades are shown in his TradeExplorer, http://www.forexfactory.com/mehdi343#72. It's the same account as the Myfxbook, http://www.myfxbook.com/members/mehd...trategy/752738.
What amazes me is that he seems to think that he is in profit despite the floating loss
Let's hope that there is a gap down when the market opens next week, at least that would give him the opportunity to cover his positions.
Please Do Not PM Me With Coding Enquiries
  • #124
  • Nov 16, 2013 6:44am Nov 16, 2013 6:44am
Risking 35% of equity right now? This is fast way to Margin Call. What about proper money management which recommend : don't risk more than 1-5% of balance? It would be safer to open position after first position in profit. What's point to open more and more loser position?
  • #125
  • Nov 16, 2013 6:53am Nov 16, 2013 6:53am
Well as TS mentioned, the EA is semi-auto. If Mehdi chooses to risk more in search for faster and larger gains by using a larger lot size, then he has to bear the consequences of adverse market movements himself.

Seasoned traders will be able to appreciate the concept behind this EA and find ways to profit using it by using sound money and risk management and by applying good market analysis and drastically reduce your time spent in front of the trading machine. Less human intervention = less scope for errors too.

Full Disclosure: Satisfied Buyer of EA.
Build good relationships with others.
  • #126
  • Nov 16, 2013 7:00am Nov 16, 2013 7:00am
Quoting mmaker
{quote} He's a happy buyer. He is happy to pay $500 for the EA. He is still happy with the +62% on Myfxbook.
Quoting szamoca
Risking 35% of equity right now? This is fast way to Margin Call. What about proper money management which recommend : don't risk more than 1-5% of balance? It would be safer to open position after first position in profit. What's point to open more and more loser position?

Quoting Gumrai
{quote} What amazes me is that he seems to think that he is in profit despite the floating loss Let's hope that there is a gap down when the market opens next week, at least that would give him the opportunity to cover his positions.


I just talk to medhi today, about what he should do and what he need do to adverse the drawdown on his account. The idea of running trade automatic and vs manual is something one would not understand unless you been running on robot trading like me for more than 1 month.


I am satisfied with my work and it bring me profit weekly basis (after reduce drawdown), I understand that we should look @ equity than balance, definitely, because equity is what you get after all position close and balance is just an amount you will get only IF you able to cover all your position.

Just like what shellsnail said, this EA is an edge for its money and risk management, and of course give you back the time.
Many people don't understand that the reason why 95% trader lose while only a few % win is because of

Consistency. Human is the one that make the most mistake in trading, greed, speculate, fear, and ignorance.

But the best buyer so far I had with is shellsnail because he is a pro at market analysis and he able to use the EA without much tutoring from me. We both share our insights through skype on almost every market day.

For my previous buyer, you can still contact me via skype and we can get things going.

Regarding creating a group for all the buyer, its definitely possible. But till we grow larger in size, we will conquer

Making money in forex is not really as hard as many of the traders experience, sometime there are things that are dummy proof , so simple, so direct yet many people just forgot about the concept and trade blindly, there some traders who add me on skype and tell me they lose a lot of money previously and need my help.

To me, I think 1 should trade about 1/5 or 1/4 of what they can use to trade, and keep the rest for bad days. Of course you might think why don't use 100% of all your money, its like you only making 25% for every 100%, but think about it.

I saw before some Forex champion EA like Forex Pri***** Pre** , that sell for $900+ , well this kind of EA boost very strong back test, but I went google further, I saw people say they doesn't make as what the EA show for backtest result and in fact they are losing money.

So what is exact working way to trade the forex or how to buy EA that can make you like $200 per $1000 every week ?

I think the edge in forex is YOU and EA, which why I call it as SEMI-AUTO trading.

Paying $550 for a 24 hours worker that will work for you for life isn't expensive at all. Anyway most people who think this EA fail should shows some of their shining live result, although most can't because they lack of the power of trading consistently and making profit.


Today is a good weekend and in about 30 hours from now, the market probably will open, have a good rest traders.
Trading is something special.
  • #127
  • Nov 16, 2013 7:04am Nov 16, 2013 7:04am
How I use this EA.

Not going to reveal details as this is my edge. cheers.
Attached Image(s) (click to enlarge)
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Build good relationships with others.
  • #128
  • Nov 16, 2013 7:09am Nov 16, 2013 7:09am
Quoting shellsnail
How I use this EA. Not going to reveal details as this is my edge. cheers. {image} {image} {image}
My point is, the EA is a really good tool, that you can add to your money management and trading arsenal. Think about it, you are investing $550 that can potentially save you many many many years of your life and is something that can accompany you for LIFE.

If you are a serious trader/investor, who wants to have more work-life balance. This is definitely something you should consider.

Just my 2 cents. (not receiving any commission from TS, so buy or not is UP TO YOU, I don't really care.)

Full Disclosure: Satisfied buyer of EA
Build good relationships with others.
  • #129
  • Nov 16, 2013 7:10am Nov 16, 2013 7:10am
I'd admit I'm kinda feeling a bit of schadenfreude at how it didn't even last 2 months before running into trouble. Ah well I did say it was stupid idea.
  • #130
  • Edited 7:21am Nov 16, 2013 7:10am | Edited 7:21am
Quoting shellsnail
How I use this EA. Not going to reveal details as this is my edge. cheers. {image} {image} {image}

Thanks for teaching, Teacher learn the most (^^) .

Anyway there many ways to trade with this EA, its just depend on how you wanna trade.


For me I pick the lazy way, and of course the most easy way. Shellsnail is more of a market expert who can analysis the direction with high precision,
the issue is he lack of time and need more discipline thus this EA help him further his consistency in making money


Quoting Iro
I'd admit I'm kinda feeling a bit of schadenfreude at how it didn't even last 2 months before running into trouble. Ah well I did say it was stupid idea.

You can Schadenfreude as much as you want, but you need to look at your own trading performance too

Be it a stupid idea or a smart idea, the idea that make money is a Good Idea.

If your idea is a good idea, you would be attaching your trade account to your trade explorer and show it to the rest, else
just stay there feeling jealous of the performance.



Its the kind of pride & ego or arrogance that lead to the losing of many retail traders, just like the one above that state he think this is a stupid idea, should he have a better idea and edge over the market than the EA trader have, he will probably show it with his live result .


Learn to humble down and learn at the Forex Market and you will probably make decent money.

Inserted Video


Watch this everyday to motivate yourself everyday

On the path to making money with Forex, there definitely people who will give you negative view and comment, but its okay because they don't belong to
your league, should one want to get a better life for themselves and their family, one should not stop learning and expose to more ideas and not to
shoot down other people idea as 'stupid' and those who comment on other people idea as stupid / lousy are probably some demo trader wanna-be or some

big loser in live account because a real winner in forex would probably not do such ignorance comment.
Trading is something special.
  • #131
  • Nov 16, 2013 7:38am Nov 16, 2013 7:38am
Heh here's an account I started at roughly same time as yours:
https://www.myfxbook.com/portfolio/t...g-stats/749417

See the difference?

Real traders don't need to sell anything because their strategy is already making them money. You don't need some motivational video to get you going. But when I see a piss poor strategy like this with no money management and so many eager fools to give them money. Maybe I should get in on it?
  • #132
  • Nov 16, 2013 8:32am Nov 16, 2013 8:32am
Quoting Iro
Heh here's an account I started at roughly same time as yours: https://www.myfxbook.com/portfolio/t...g-stats/749417 See the difference? Real traders don't need to sell anything because their strategy is already making them money. You don't need some motivational video to get you going. But when I see a piss poor strategy like this with no money management and so many eager fools to give them money. Maybe I should get in on it?
Warren Buffett has tons of money. But he still helps his clients to make money too.
Follow me to the Promised Land
  • #133
  • Edited 9:32am Nov 16, 2013 9:17am | Edited 9:32am
Quoting Iro
Heh here's an account I started at roughly same time as yours: https://www.myfxbook.com/portfolio/t...g-stats/749417 See the difference? Real traders don't need to sell anything because their strategy is already making them money. You don't need some motivational video to get you going. But when I see a piss poor strategy like this with no money management and so many eager fools to give them money. Maybe I should get in on it?
You start at AUGUST dude. I start at oct 17 , HOW are we starting roughly at the same period of time..


To date mine is only 1 month oct 17 - nov 17 (now) , and yours is august to nov 17 and triple duration of mine is consider "roughly same time" ? What a joke, you fail to measure time ? August to Nov is 1 month? Your 1 day is 96 hours?

Real traders can help other to make money too. I am helping people manage over 30k funds and also selling EA to get more equity so I can open more EA , at now I am managing 7 EA of mine, 2 accounts of other using my EA and having a group of like mind EA trader who buy my EA and use it to replace their lack of time to trade the market.

I don't stand to lose anything by selling my EA, Its the broker I am taking money from and , we retailers are not against each other.

Anyway whether the buyer can make a profit out of this EA will be consistently practicing and I don't think the technique I use to trade is some hard way. In fact to me is very easy, all I need know is everyday I wake up, money is roll in to any of my EA that I am running as long I manage the drawdown to an acceptable level in my way and hedging among my 7 EAs , the concept is not some concept as poor as you think but I won't blame you as you can't even see the difference between august - november 17 vs oct 17 to nov 17

What do you think. And your drawdown remains at 32% for quite a few time, just about same as the one I link, how is your a 'good strategy' which make 212% over 3-4 months vs mine which make 248% in 1 month comparable?

You can only show 1 account that you manage to risk to 212% , I have 7 accounts on my EA and 1 account I trading manually, money i make in a day is much more than what I can get from selling this EA.

I mention in my post #1 that every sale of this EA at $550 will help me increase my daily intake by $5.50 - $11 ( a expect growth of 1-2% )


YOURS (IRO's FXBOOK)
http://www.myfxbook.com/members/Iroa...g-stats/749417

vs mine (baokydev's FXBOOK)

http://www.myfxbook.com/members/baoky


Quoting xlitang
{quote} Warren Buffett has tons of money. But he still helps his clients to make money too.

Thanks
Trading is something special.
  • #134
  • Nov 16, 2013 7:21pm Nov 16, 2013 7:21pm
Well that's because fxbook don't show open drawdown until a position is closed. The difference is I have a stop loss and take a hit if I'm wrong, where as you on the other hand only admit you're wrong when the account is totally blown. Oh wait, actually its worse because you put MORE money in when you're losing. Mmmm good money management there ain't it.

You say you're managing 30k in funds? Profitably? Well where is it? I'd think it'll be better advertising than a 2 month account and that you're not a total noob. But I bet that's nothing more than hot air. Love how you're comparing yourself to Warren Buffet now lol.
  • #135
  • Nov 17, 2013 12:53am Nov 17, 2013 12:53am
Quoting Iro
Well that's because fxbook don't show open drawdown until a position is closed. The difference is I have a stop loss and take a hit if I'm wrong, where as you on the other hand only admit you're wrong when the account is totally blown. Oh wait, actually its worse because you put MORE money in when you're losing. Mmmm good money management there ain't it. You say you're managing 30k in funds? Profitably? Well where is it? I'd think it'll be better advertising than a 2 month account and that you're not a total noob. But I bet that's nothing more than...
Quoting Iro
Well that's because fxbook don't show open drawdown until a position is closed. The difference is I have a stop loss and take a hit if I'm wrong, where as you on the other hand only admit you're wrong when the account is totally blown. Oh wait, actually its worse because you put MORE money in when you're losing. Mmmm good money management there ain't it. You say you're managing 30k in funds? Profitably? Well where is it? I'd think it'll be better advertising than a 2 month account and that you're not a total noob. But I bet that's nothing more than...
1) I did not compare myself to Warren Buffet
2) You are manual trader, I trade by my EA that works for me and many of the buyer, it might not be visible in a short span of time but u can see in myfxbook that the growth surfacing out.


Quoting Iro
Heh here's an account I started at roughly same time as yours: https://www.myfxbook.com/portfolio/t...g-stats/749417

See the difference? Real traders don't need to sell anything because their strategy is already making them money. You don't need some motivational video to get you going. But when I see a piss poor strategy like this with no money management and so many eager fools to give them money. Maybe I should get in on it?
Attached Image (click to enlarge)
Click to Enlarge Name: compare.png Size: 77 KB


My Sharpe Ratio is 0.77 while your is 0.15,

The Sharpe ratio is used to characterize how well the return of an asset compensates the investor for the risk taken. The higher the value, the better.

My profit factor is 423.25 and your profit factor is 1.96

The profit factor shows how many times the gross profit (Sum of all the winning trades) exceeds the gross loss (Sum of all the losing trades). The higher the value, the better



I don't care the progress, I just care the outcome.

The EA and the tutoring I provide for my student is to ensure they can stand back to the trading market after they losses sum of money in the market.
I am helping them rather than harming them, I charge a price of $550 for Life Time EA support with Tutoring. If its expensive, it is not even something
much compare to the amount of money most of the traders deal with daily.

If you think my strategy and my EA is not a good solution, I would prefer you could calm down and just wait a month or two, maybe you are right, maybe you are wrong, but not jump to your criticism on first impression and without understand the whole concept.
Trading is something special.
  • #136
  • Nov 18, 2013 4:36am Nov 18, 2013 4:36am
6 consecutive days with higher lows on EURUSD, today looking very likely to make it 7.
How much longer will your EA stick with the bearish bias?
Please Do Not PM Me With Coding Enquiries
  • #137
  • Nov 18, 2013 5:06am Nov 18, 2013 5:06am
Quoting Gumrai
6 consecutive days with higher lows on EURUSD, today looking very likely to make it 7. How much longer will your EA stick with the bearish bias?
Just a point for discussion, Wuza who is most successful on FF with this style of money management, would hold his losing trades for up to 4 weeks. And still managed to survive 180 days trading live US$10K taking it to over $75K. So comparatively, 7 days wasn't that bad if the account can withstand 4 weeks like Wuza.
http://www.forexfactory.com/wuza#75
Attached Image (click to enlarge)
Click to Enlarge Name: 12.png Size: 138 KB
No longer trading forex. Looking for full time job.
  • #138
  • Edited 5:58am Nov 18, 2013 5:47am | Edited 5:58am
Quoting mmaker
{quote} Just a point for discussion, Wuza who is most successful on FF with this style of money management, would hold his losing trades for up to 4 weeks. And still managed to survive 180 days trading live US$10K taking it to over $75K. So comparatively, 7 days wasn't that bad if the account can withstand 4 weeks like Wuza. http://www.forexfactory.com/wuza#75 {image}
Thanks for supporting my style of trading .

What many see here are my 2 ea but they did not see i am on aud long and eur aud short which bank quite a big sum today

I can cover euro for as long as i want. Right now i am busy w sch project ( last week )

Will going xfer abt 250% extra cash of the sum of all my 7 ea to 1 of my bank which can xfer large limit as backup fund

This not all my assets. Just part of it. This strategy will definitely work. Only time will tell.

The ea is a boost to such strategy with better entry n management and 24 hrs trading

10k to 75k is extremely easy. Maybe i cant prove my point now but time will tell

Many people are doubtful of such system, but some simple math and logic can actually reveal the truth of such system
Which promise more safety and consistency than manual trading.

Just like what shell say to me at skype

Many people dint realize actually swimming pool kills more people than guns

Attached Image


Manual trading actually could cause more risk than ea trading of my strategy
Trading is something special.
  • #139
  • Nov 18, 2013 5:49am Nov 18, 2013 5:49am
does it uses any martingale system?
One PIP at a time-My system is automated and now I have ample time
  • #140
  • Edited 7:16am Nov 18, 2013 5:59am | Edited 7:16am
Quoting mmaker
{quote} I can't say I "support" your style of trading, just that Wuza has proven himself on a Live account. I would suggest that you put all 7 EAs on Myfxbook since TradeExplorer has limits of 5 on profile page and 2 on thread header. With the 7 EAs up in public, we can match your words with credibility.

I can tell you why I don't link all my 7 EAs to myfxbook is because of 1 very simple reason.
Those accounts have my past trading history which I can't filter away and will give people the wrong idea that my EA is actually losing which it is not.

I admit I am a bad manual trader, just like many of the people here, I had blown a lot of account by Manual Trading over the 3 years.
I used to be very famous at eToro with the handle name pipsfx and manage gain a lot of money but eventually still blow off.

I lack of discipline, but ever since I develop EA and trade using EA.
All i know is this account from losing a big sum, slowly gain back and consistent earning, with I sleeping soundly everyday


I don't have the pressure I used to have when I lose large sum of money, I had really blown 0 account so far using my EA trading.
Everyday is a money day to me, maybe my words cant be match, but anyone can skype me and i can show u my trade history using screen share on my 7 EAs.

For those interested to be like me, to be a EA trader, feel free add my skype at baokychen, the price of the EA is at my post #1, will mentor and tutor you how to trade with the EA and make as well as I do now.

But for those still against the idea, please give me some more time to prove my strategy works and I will definitely roll the current approx 20k of my 7 EAs to 100k in a very short time, perhaps a few months. Of course risk need to be well taken care of.

I know a lot people hope I blow all my accounts and will comment here > see that's what typical Grid trader had.

But I am not a normal grid trader, and I had planned in my EA how to manage my money, how to trade safely and how to entry with proper retrace and not just speculate price.

You can continue to doubt me, but the road is still here and i will continue walk on. I am fine if nobody continue buy my EA or learn from me how to trade, cause if you could do a living out of manual trading, I am always happy for you. we are not against each other.

If you can't make a living and keep losing, maybe a few thousands, a few grands or even more, then you can find me and I will
move you away from manual trading to Automate Trading, for me charge a price of $550 for my EA & Tutor to guide you.

My personal observation is that broker that

1) High Spread / High Slippage
2) Set Margin Call / Stop out at above 20%
3) Doesn't have Meta trader 4, there actually many user out there who just start
forex does not know how to use mt4 or even get to use it, either their broker don't have MT4 ( some famous like e****)

I not sure is it because of license fee or because Mt4 traders tend to have higher win rate.
If you trade on the above broker pattern, the chance of you losing is very high.

Most of you guys here are either technical or fundamental trader who observe price action which MT4 is a key tool that we all use everyday for trading.

MT4 is an edge, to me at least. Now its even a need because the usage of deploying 7 EA to hunt money for me,
its like playing an Online Game, just that achievement in this game will bring you a better life in reality.

There few people who actually add me and tell me they are losing over 5 digits in the past few years and ask for my help.

Some accept my help to manage for them at a 30% profit cut, some just still ask for back test result which I can't give as my data
is only like 1-2 months on this mt4 pair that i play. I don't know why many people trust back test result, I saw many EA out there
that have excellent back test result and can't perform as good or rather even losing money when they go live.

I only believe in showing live result - forward testing. For my actual history for the past 3 weeks, can see my post #1.


## I just launch my EA #8

As much as people doubt or don't believe in the working of this system. I will continue launch my EA and make profits.


For existing buyer who need help in a good setup, feel free skype me at baokychen.

For interested buyer please look at post #1


Attached Image
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