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  • #161
  • Nov 22, 2013 10:04am Nov 22, 2013 10:04am
Hmmmmmm,

I thought that the seller had proper money management coded into his EA the way he first spoke.
But obviously not......

I have yet to see an EA that can sustain such profits for a prolonged period.......

The smart way would be to "close all" or "Stop & Reverse" at a predetermined point.e.g.
5% DD
DD > 10% of profit
Tickets > Level 4
Opposite signals

At least it will give you a fighting chance.
  • #162
  • Nov 22, 2013 10:07am Nov 22, 2013 10:07am
this is not the 1st time such DD happened.

the 1st time, the market returned and turned -50% DD to 30%/40% profit something.

Quoting Gvc
Hmmmmmm, I thought that the seller had proper money management coded into his EA the way he first spoke. But obviously not...... I have yet to see an EA that can sustain such profits for a prolonged period....... The smart way would be to "close all" or "Stop & Reverse" at a predetermined point.e.g. 5% DD DD > 10% of profit Tickets > Level 4 Opposite signals At least it will give you a fighting chance.
  • #163
  • Nov 22, 2013 10:19am Nov 22, 2013 10:19am
Well i hope it turns again for the sake of these guys.

I see you have a 5 x 10EMA system.
Coincidentally I have a 10EMA x Price grid system.(which is also still giving good returns)
  • #164
  • Nov 22, 2013 11:44am Nov 22, 2013 11:44am
i don't really have one, but tried that thing before.

for GJ, this pair is breaking weekly historical high, before a going down, there'll be a serious bullish run firstly. i can see that.

now that Baok's way is keep adding depozit, sigh, it is same as waiting, isn't it? sigh...... just get ready to depozit more.

Quoting Gvc
Well i hope it turns again for the sake of these guys. I see you have a 5 x 10EMA system.
  • #165
  • Nov 22, 2013 11:54am Nov 22, 2013 11:54am
what a jokes ! this is totally "bullet proof" EA,,,, vendor keep deposits funds on both EA ,,,,, and make the EA look have small draw down %,,,, in fact,, EA 2 are already blown out if he didn't added 4k .......
  • #166
  • Nov 22, 2013 12:00pm Nov 22, 2013 12:00pm
Quoting charvo
i don't really have one, but tried that thing before. for GJ, this pair is breaking weekly historical high, before a going down, there'll be a serious bullish run firstly. i can see that. now that Baok's way is keep adding depozit, sigh, it is same as waiting, isn't it? sigh...... just get ready to depozit more. {quote}
Keep deposit more, LOL. He has his own bank.
Follow me to the Promised Land
  • #167
  • Nov 22, 2013 12:01pm Nov 22, 2013 12:01pm
Quoting Gvc
Well i hope it turns again for the sake of these guys. I see you have a 5 x 10EMA system. Coincidentally I have a 10EMA x Price grid system.(which is also still giving good returns)
I have one for myself, FXCMTwoEMA. Check my trader explorers.
Follow me to the Promised Land
  • #168
  • Nov 22, 2013 7:26pm Nov 22, 2013 7:26pm
Quoting siaheng
what a jokes ! this is totally "bullet proof" EA,,,, vendor keep deposits funds on both EA ,,,,, and make the EA look have small draw down %,,,, in fact,, EA 2 are already blown out if he didn't added 4k .......
Yes TE doesn't deal with additional deposits too well. It shows 33.6% loss since the 1st November, whereas the loss compared to equity at the start of the month is over 100%
Please Do Not PM Me With Coding Enquiries
  • #169
  • Nov 23, 2013 1:29am Nov 23, 2013 1:29am
Quoting shellsnail
{quote} Honestly, i still think it's a good EA to aid a trader, .
When are you going to wake up?
What happened to your signature statement "Full Disclosure: Satisfied Buyer of EA."?
I am a grid trader myself and developed my own EA. I keep my DD under 5-10% live, or <15% in 3-year back test. Still I am cautious and not over-trading.
Cut your losses and move on. Do your due diligence next time before you buy anything.
  • #170
  • Nov 23, 2013 3:50am Nov 23, 2013 3:50am
baokydev's ea is not using good exist strategy, this is traditional martingale should use manual intervention to escape from loss
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  • #171
  • Nov 23, 2013 6:28am Nov 23, 2013 6:28am
Quoting jone
baokydev's ea is not using good exist strategy, this is traditional martingale should use manual intervention to escape from loss
Can you share the TradeExplorer or Myfxbook of your EA? I assume it is better designed than baokydev's so should be very profitable for you.
No longer trading forex. Looking for full time job.
  • #172
  • Edited 12:52pm Nov 23, 2013 12:35pm | Edited 12:52pm
Quoting FxSwordfish
{quote} When are you going to wake up? What happened to your signature statement "Full Disclosure: Satisfied Buyer of EA."? I am a grid trader myself and developed my own EA. I keep my DD under 5-10% live, or <15% in 3-year back test. Still I am cautious and not over-trading. Cut your losses and move on. Do your due diligence next time before you buy anything.
Haha... I have barely even started trading with this EA live yet. Going to do so next week. I am not using the strategy prescribed by the TS if you are wondering.

So I haven't taken a single loss on this EA yet if you were wondering (made a couple hundred pounds on a few trades before some problems started appearing with opening multiple trades on 1 pair, so i stopped using it on Live and proceeded to try to get those sorted out - they have now been fixed by TS)

Thanks for your concern though.

As I said, EA is just a tool. Most traders fail at trading, because WE do not have our own best interests at heart. Reason why I took some huge losses on my live account was because of greed, just pure greed and inability to act in our own best interests while MANUAL trading. I let a 1000 pound winner turn into a loser and then subsequently just lost it. And for the past three weeks I have been doubling my account every week, only to lose sight of RISK after the huge winning trade and then make risky bets. The EA can help us act consistently in our best interests, but you need to know when to deploy it. The EA is objective, it trails your stop when you ask it to. It enters at intervals as you ask it to. it follows signals as you ask it to. All you need to do is to deploy it at the appropriate time and close it at the right time.

So I stand by my statement that it's a good EA to aid the trader, because it allows you to:

1. Trade multiple pairs easily without being at the screen 24/5, even when you are sleeping.
2. Implement clear cut entry strategies without hesitation to help you build your position.
3. Add to winners, trail your stops based on very specific rules.

The only thing that is missing is WHERE TO CUT LOSSES and when to STOP THE EA when you are in PROFIT. That is solely the trader's discretion and I have built that into my rules. I take my view on the 4H charts (main trading frame), and entries on 15min charts using the EA, so I have plenty of time to react

I think these exit strategies can potentially be coded into the EA (so i will try to pester TS for that), but, for now I will just be implementing them manually.
Build good relationships with others.
  • #173
  • Nov 23, 2013 2:38pm Nov 23, 2013 2:38pm
Quoting shellsnail
{quote} Haha... So I stand by my statement that it's a good EA to aid the trader, because it allows you to: 1. Trade multiple pairs easily without being at the screen 24/5, even when you are sleeping. 2. Implement clear cut entry strategies without hesitation to help you build your position. 3. Add to winners, trail your stops based on very specific rules.
Dear my friend

As I see , you are looking for a Money Maker machine which make many $$$$ for you without any talent or knowledge , yeah ?? I don't know how many years you are in Forex Market , but what I can tell you after more than 8 years experience in this market is that FOREX is not a GAME !!!

This EA is already MARGIN CALLED as you know , many people made losses and also the EA creator himself , but he try to avoid it and regularly fund all his money into this wrong way market !! I still hope for him to recover its losses but this EA already ruined and it already MARGIN CALLED !!

I do not say that this EA is bad or good , what I want to tell you is that Never trust into any EA or system which lives just for 45 days !!! Market condition always changes its behavior , the good trader is one who update himself with Market not follow any fixed strategy so AVOID EA , because EA CAN NOT LOOK DEEPLY INTO THE FOREX MARKET .

BTW , I really hope all you recover soon and start trading without such stressing condition .

And also I ask the creator of this EA and this thread to be here and stand aside of his followers and guid them , not hide and just fund into his account in NIGHT !!

Regards
Arastoo
  • #174
  • Edited 5:41pm Nov 23, 2013 5:28pm | Edited 5:41pm
Quoting arastoofx
{quote} Dear my friend As I see , you are looking for a Money Maker machine which make many $$$$ for you without any talent or knowledge , yeah ?? I don't know how many years you are in Forex Market , but what I can tell you after more than 8 years experience in this market is that FOREX is not a GAME !!! This EA is already MARGIN CALLED as you know , many people made losses and also the EA creator himself , but he try to avoid it and regularly fund all his money into this wrong way market !! I still hope for him to recover its losses but this EA...
No, you clearly didn't read my post...

And I am not "following" anyone. I am just saying what I think ought to be said. This EAs has its merits, it's just that using it to trade COUNTER TREND trying to catch top and bottom without predefined exits as what TS seems to be doing is not viable for most unless you are very LUCKY or have a lot of FUNDS then you might as well be using these funds to trade a better strategy.

Instead, using it for trend trading and doing manual exits will make this a valuable tool/asset to any trader.

Basically, what I am saying is, don't just buy something without understanding it fully and learning how to integrate it into your style of trading, and if you don't own the EA then don't judge too quickly. It's not the first time I've seen good tools been put into less than stellar use. Period.
Build good relationships with others.
  • #175
  • Nov 24, 2013 11:37am Nov 24, 2013 11:37am
Kindly check my EA https://www.myfxbook.com/portfolio/holywizzardea/751024
Start on Mondays, and close EA in fridays before market close.
safe 3 to 5 % weekly.
  • #176
  • Nov 24, 2013 2:25pm Nov 24, 2013 2:25pm
Quoting Peepo
Kindly check my EA https://www.myfxbook.com/portfolio/holywizzardea/751024 Start on Mondays, and close EA in fridays before market close. safe 3 to 5 % weekly.
Thanks, but I think we´ve all had enough for this year.
  • #177
  • Nov 25, 2013 2:55am Nov 25, 2013 2:55am
Quoting Peepo
Kindly check my EA https://www.myfxbook.com/portfolio/holywizzardea/751024 Start on Mondays, and close EA in fridays before market close. safe 3 to 5 % weekly.
don't you think that is a bit out of order posting this in somebody else's commercial EA thread?
  • #178
  • Nov 25, 2013 6:34am Nov 25, 2013 6:34am
Quoting MaxDoom
{quote} don't you think that is a bit out of order posting this in somebody else's commercial EA thread?
No, I think is good for the people compare diferents EAs
  • #179
  • Edited 9:29am Nov 25, 2013 9:18am | Edited 9:29am
Quoting baokydev
I will teach you all the tricks you need to survive and make CONSISTENT PROFITS with my EA.

I never blow any account so far, and why I use Expert Advisor instead of manual trading.
Is EA#2 considered "blown"? TradeExplorer said $0 balance but I can't verify at Myfxbook since you have now set it to Private. TradeExplorer can't tell if it was due to cash withdrawal.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 76 KB
No longer trading forex. Looking for full time job.
  • #180
  • Nov 25, 2013 9:28am Nov 25, 2013 9:28am
EA 1 gain 190% in one day !!!,,,, Guys,, what are u waiting for ? go and purchase this super gain "190%" in one day,,, soon you will be richer than Warrent Buffet ....hahaha
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