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  • #201
  • Nov 26, 2013 9:03am Nov 26, 2013 9:03am
baok, i post with a good will, but trading is a harsh business, wrong is wrong so my comments might be hurting.

you said you make a mistake to open jpy shorts ---- it is not the REAL PROBLEM

your customers (almost I'm in) are more concerned in how your EA deal with these kinds of 'mistake'.

what you showed so far, is keep depoziting. what use is that???

a happy customer would like to see your EA carrying some MM logic, for example, quick stoploss and reverse entries, hedge freeze and wait for manual, or even martingale. but your way of depoziting simply equals to 'doing nothing' ---- exactly like a newbie married to losing positions.

now, back to the 'mistake', no it is not a real mistake since you cannot make sure you are 100% correct in determining a pair's bull/bear bias. that 'mistake' will always happen, if you cannot be 100% right. You need to have a scheme dealing with the losing positions, and it is usually not supposed to be your secret (i think your edge is your entries) so that you may talk/work on it so that new customers would be happy to buy.

Quoting baokydev
Last week i was busy w school and make a mistake to open jpy pair short on my ea Which lead to my loss .
  • #202
  • Edited 11:39am Nov 26, 2013 11:22am | Edited 11:39am
FWIW, as I have mentioned in some of the previous posts, I am currently trading with this EA live with my own system/strategy. I am not linking my account, but if you want you can follow my trade journal as I will share some of my trades both manual intraday and EA swing trades there. My use of the EA is basically to cherry pick the entries on my behalf, scale in and scale out using its trade management built in while I am away from the desk and while I focus on my intraday trading. All exit strategies to cut loss are implemented by me manually( but because my trading frame is the 4H chart, I don't make these decisions very often.).

So far, the EA has made me 180 pounds (equity + balance) with a max drawdown of 100 at one point over two days. (average lot size per trade: 0.02-0.03)


Cheers.
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  • #203
  • Nov 26, 2013 11:28am Nov 26, 2013 11:28am
Quoting shellsnail
FWIW, as I have mentioned in some of the previous posts, I am currently trading with this EA live with my own system/strategy. I am not linking my account, but if you want you can follow my trade journal as I will share some of my trades both manual intraday and EA swing trades there. My use of the EA is basically to cherry pick the entries on my behalf, scale in and scale out using its trade management built in while I am away from the desk and while I focus on my intraday trading. All exit strategies to cut loss are implemented by me manually....
I am saying this because I believe there are many experienced traders out there who can do the same using this EA to aid their trading as long as you know its limitations, because I don't like seeing something that is good being thrown away or dismissed simply because it might have been misapplied. If you are new to trading then this advice is NOT for you.

It's only a tool, ultimately it is the trader who generates the profit.

and no, I am not selling anything or even considering selling anything and the only benefit I might get from this is that if more EA get sold I can request for more and more functions and additions as TS will have more funds and more incentive to develop it further. Cheers.
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  • #204
  • Nov 26, 2013 12:31pm Nov 26, 2013 12:31pm
Quoting shellsnail
My use of the EA is basically to cherry pick the entries on my behalf, scale in and scale out using its trade management built in while I am away from the desk and while I focus on my intraday trading.
What crap are you spewing now?

There is no Trade Management built into the EA. else it would not have hit such a high DD.......

You are not helping the seller in the least with such BS.
  • #205
  • Nov 26, 2013 12:32pm Nov 26, 2013 12:32pm
Quoting Gvc
{quote} What crap are you spewing now? There is no Trade Management built into the EA. else it would not have hit such a high DD....... You are not helping the seller in the least wit h such BS.
lol... so do you have the EA or do I have the EA? gosh, listen to yourself. Not helping the sellers, trying to help experienced traders here who might find this tool useful. Just offering my review of it after developing a system, testing and trading it for a couple of days... If you are not interested, then just ignore what I say and then please move on from here; or if you disagree with my review after having used the EA for yourself then by all means we can have a discussion. If not I don't think what you are saying has any value to this thread or to any of its remaining readers.

People are not blind. They can see that the account has been blown by the EA by the seller trading his method. Please let people use their own judgment in deciding whether something suits them or not.

Cheers.

Will update more as time goes on.
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  • #206
  • Nov 26, 2013 12:38pm Nov 26, 2013 12:38pm
It does not take a rocket scientist to figure out that there is no management.

The account is linked for the world to see for heavens sake......
Are you blind.

Maybe you must go post this BS on the newbies thread and then you might get a response....
  • #207
  • Nov 26, 2013 12:42pm Nov 26, 2013 12:42pm
Quoting Gvc
It does not take a rocket scientist to figure out that there is no management. The account is linked for the world to see for heavens sake...... Are you blind. Maybe you must go post this BS on the newbies thread and then you might get a response....
As I said, I don't think newbies should be using this EA. My honest review is that it's not meant for newbies, because they wouldn't know when to take the loss without a proper system when trades go against them -> eventually blown account.

If anyone still buys the EA after the poor results, then that person is certainly not a newbie seeking fast results and would thus be able to figure out for himself how to make the EA work alongside his trading. So I am just offering my take on things and how I found the EA personally to aid such a potential buyer in making an informed choice..

Cheers.
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  • #208
  • Nov 26, 2013 12:48pm Nov 26, 2013 12:48pm
Feel free to use the ignore function to make your forum experience more enjoyable.
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  • #209
  • Nov 26, 2013 12:53pm Nov 26, 2013 12:53pm
SS, really, i'm impressed by your autohypnosis.

are you trying to persuade yourself that your $500 were well spent? so well that you have to repeat it a few times everyday, lol?

let me give you an example EA, will perform similar to baok's

everytime daily KDJ OB, and hourly KDJ OB, you will sell, you sell for 2~5 pips taking profit, but use no stoploss......

if lucky, in a few days, you get 40% up, yes, you will.

if unlucky, well you know the rest

now, tell me, what's difference of my EA above from your EA bought?

baok's EA has ZERO MM in there exactly as GVC pointed out!

edited:

btw, somehow baok's edge is diminished too, i can clearly see EU is making higher and higher in the following 2 days, why not do something about it?

Quoting shellsnail
{quote} As I said, I don't think newbies should be using this EA. So I am just offering my take on things and how I found the EA personally to aid such a potential buyer in making an informed choice.. Cheers.
  • #210
  • Nov 26, 2013 12:53pm Nov 26, 2013 12:53pm
With all respect to Baokydev,
I do think that he has a good EA but it still needs plenty of development.

As it stands there are quite a few good Grid EA,s floating around this Forum (Free) that are giving pretty much the same performance as this commercial one.
  • #211
  • Nov 26, 2013 12:57pm Nov 26, 2013 12:57pm
I agree with you, that method is pure BS.

and maybe it is as you said, that you know it's all self hypnosis sure. But i see it more as passing it on, when I see something that ought be to given a second look I say it. Maybe 500 is a bit steep but given that I can't code it myself, and I have paid around the same for far more inferior products, I don't think it's that bad.

Well maybe an experienced coder can churn this thing out in a day. I don't know, but I find it useful so I am saying it and I am updating what I say because I have NEW results.

btw here are my current open positions from the EA.. it seems like you got the wrong impression that I am somehow following baoky's positions - not at all. It's a semi-auto EA, so I give it my input.

I don't know about you but I REFUSE to trade anything that I do not completely understand, so trust me when I say I understand how the EA works and have fit it into my trading model.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
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  • #212
  • Nov 26, 2013 1:10pm Nov 26, 2013 1:10pm
Are you sure you posted the correct picture?

There are so many negatives in there i can not figure out why you posted it.

A rough count shows it -1600 ?
  • #213
  • Nov 26, 2013 1:12pm Nov 26, 2013 1:12pm
Quoting Gvc
Are you sure you posted the correct picture. There are so many negatives in there i can not figure out why you posted it. A rough count shows it -1600 ?
yup it's correct, because all the positive trades have been closed by EA already(trade management) (after all it is late US session). Now my DD is -24pounds. closed profit is +230.

A lot of these trades are re-entries of closed trades at better (or maybe worse) prices by the EA as price turned around.

here's a screen shot from my phone MT4

There's one trade inside that's manual (60 pounds), but there were some profit from yesterday too from this EA so total is about 200 as I have said previously.
Attached Image (click to enlarge)
Click to Enlarge Name: photo.PNG Size: 145 KB
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  • #214
  • Edited 1:51pm Nov 26, 2013 1:19pm | Edited 1:51pm
But I think I was lucky. Today could have been a loss day too, but long term expectancy I have tested is highly positive so I am trading it.

Basic methodology is 100% trend following.:

4H chart for trend, OS/OB -> activate EA on 15min chart.
15min chart, EA scan for entries in direction of trend, manage trades and profit automatically.
Close EA and all trades MANUALLY when planned exit situations on 4H charts reached.

If you are an experienced trader buying it I am sure you can figure out the rest by yourself. Cheers.

Caveat: particularly helpful to catch all those breakouts on JPY pairs when I am sleeping soundly during asian session.

To any newbies reading this: There's no short-cut. Learn how to trade properly and then look for EAs to reduce your mental, physical and emotional load.
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  • #215
  • Nov 26, 2013 11:46pm Nov 26, 2013 11:46pm
this is my edge, lol, you guys can buy it, it'll be cheap

i guess this is why baok finally remove his EA#1 TE.

Quoting charvo
i can clearly see EU is making higher and higher in the following 2 days, why not do something about it? {quote}
  • #216
  • Nov 27, 2013 12:11am Nov 27, 2013 12:11am
Margin Call !!! Game OVER !!!

As all you see , he removed its explorer and I think he will be here in future by new ID !!

It was comeletely clear that he reach margin call because he had no any control on his feeling and it was because his age as he told himself "I am in school" !!!! Whenever the market went against his positions , he entered the market bigger and bigger without any money management analysis !!! He just gambled !! and unfortunately he lost all his worthy money !!

Other his followers who paid for his gambling EA also lost their money , but they lost their mony becasue of GREED , because they wanted to earn 100-200 % profit in just ONE DAY !!! It does not work at all my friends , FOREX is not a GAME ....


Till you do not use STOP LOSS , you are gambling and you will game over one day !! Then USE STOP LOSS .....


Regards
Arastoo
  • #217
  • Nov 27, 2013 12:13am Nov 27, 2013 12:13am
baok will reconnect his account in TE and Myfxbook if the pairs retrace

wait guys ....
  • #218
  • Nov 27, 2013 12:23am Nov 27, 2013 12:23am
Quoting shellsnail
{quote} As I said, I don't think newbies should be using this EA. My honest review is that it's not meant for newbies, because they wouldn't know when to take the loss without a proper system when trades go against them -> eventually blown account. If anyone still buys the EA after the poor results, then that person is certainly not a newbie seeking fast results and would thus be able to figure out for himself how to make the EA work alongside his trading. So I am just offering my take on things and how I found the EA personally to aid such a potential...
Dear Shellsnail

I don't know why you are still behind the EA owner even you are watching that he is MARGIN CALLED !!! what you are trying for ????

As the EA owner claimed in this thread : You can earn money even you are sleeping !!! what does it mean ??? Do you know ?? Let me tell you ... It Means :

I am an EA for Newbie .... I am really cheap ... I can earn for you many $$$ in just one day .... you can sleep relax and dream your sweet girl friend is beside you with many $$$$ which I earn for you .... I am an EA for Newbie .... I am an EA for Child .... I am an EA for Newbie ....


So please watch your eyes and try to trade , not gambling if you are trying to people buy something from you .... you should be honest to your followers and buyers my friend ....


Regards
Arastoo
  • #219
  • Nov 27, 2013 12:34am Nov 27, 2013 12:34am
Quoting arastoofx
{quote} Dear Shellsnail Let me tell you ... It Means : I am an EA for Newbie .... I am really cheap ... I can earn for you many $$$ in just one day .... you can sleep relax and dream your sweet girl friend is beside you with many $$$$ which I earn for you .... I am an EA for Newbie .... I am an EA for Child .... I am an EA for Newbie .... So please watch your eyes and try to trade , not gambling if you are trying to people buy something from you .... you should be honest to your followers and buyers my friend .... Regards Arastoo

  • #220
  • Nov 27, 2013 3:40am Nov 27, 2013 3:40am
This thread should be moved and pinned in the rookie section. There it may serve as a warning to all newbies about ridiculous claims for an EA with zero money management and just compounding risk.
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