Promised EA system | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

News trading = Promised land? 33 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Promised EA system
Exit Attachments

Promised EA system

  • #541
  • Dec 14, 2013 5:42am Dec 14, 2013 5:42am
Quoting TyLamai
{quote} I figure it's the same. In my opinion the FishNet EA and the PromisedEA work similarly EXCEPT that the FishNet EA is a MUCH safer EA to trade with. But this is simply my humble opinion. Regards, Ty
You are correct.
Follow me to the Promised Land
  • #542
  • Dec 14, 2013 11:02am Dec 14, 2013 11:02am
Quoting TyLamai
UPDATE (***Please DON'T try this at home!) ========================================= EA: FishNet Broker: FxPrimus Account Type: MICRO Number of days Trading: 5Days Starting Balance: $1,000 Current Balance: $2,278 Draw Down%: 65.22% Equity (after deducting Floating P/L): $2,286 Gain: +127.86% Profit MyFxBook Link: http://www.myfxbook.com/members/TyLa...tea-hft/777728 *NOTE: This account is UNDERFUNDED based on the rules on post#1 ---------------------------------------------------------------------------...
Different performances among all of them, interesting
  • #543
  • Dec 14, 2013 11:11am Dec 14, 2013 11:11am
Quoting Marck
{quote} Different performances among all of them, interesting
Yeah. I opened them at different times and they are also on different brokerages. Also, different starting balances, different account types, and different EAs in some cases [sometimes Fish other times Promised and then in one case BOTH].

Ty
My job: I speculate and manage risk.
  • #544
  • Dec 14, 2013 9:06pm Dec 14, 2013 9:06pm
May i ask you guys what does drawdown means? Im getting a bit confused. What is better,high or low dd?
  • #545
  • Dec 14, 2013 9:13pm Dec 14, 2013 9:13pm
Quoting Oreo07
May i ask you guys what does drawdown means? Im getting a bit confused. What is better,high or low dd?
DD is negative profits of open orders.
Follow me to the Promised Land
  • #546
  • Dec 15, 2013 2:54am Dec 15, 2013 2:54am
Quoting TyLamai
UPDATE (***Please DON'T try this at home!) ========================================= EA: FishNet Broker: FxPrimus Account Type: MICRO Number of days Trading: 5Days Starting Balance: $1,000 Current Balance: $2,278 Draw Down%: 65.22% Equity (after deducting Floating P/L): $2,286 Gain: +127.86% Profit MyFxBook Link: http://www.myfxbook.com/members/TyLa...tea-hft/777728 *NOTE: This account is UNDERFUNDED based on the rules on post#1 ---------------------------------------------------------------------------...
Yes xlitang. Thats what i think but i was confused by this podt where he has high dd but i cannot see it on his fxbook.
  • #547
  • Dec 15, 2013 4:08am Dec 15, 2013 4:08am
Quoting Oreo07
May i ask you guys what does drawdown means? Im getting a bit confused. What is better,high or low dd?
Oreo...there is nothing to be confused about. DD simply refers to the level (i.e. the percentage of your current balance which the total negative open trades HAD to "eat" into before re-turning back to positive digits). When that "recovery" is impossible, you are said to have a MARGIN call.

Also, see the image below: Can you now SEE it on my MyFxBook?

Let me know if you still need more clarifications?

Regards,

Ty

NB: By the way, we DO NOT want a HIGH DD. Generally, the LOWER the DD percentage the better which is why I think xlitang is VERY particular about the money management RULES on page1.
Attached Image
My job: I speculate and manage risk.
  • #548
  • Dec 15, 2013 4:31am Dec 15, 2013 4:31am
Quoting TyLamai
xlitang I kind of REALLY dig this PromisedEA...any luck you would be releasing a LIVE version of it in future? Regards, Ty
xlitang you didn't answer this question please?

Ty
My job: I speculate and manage risk.
  • #549
  • Dec 15, 2013 5:59am Dec 15, 2013 5:59am
Quoting TyLamai
{quote} xlitang you didn't answer this question please? Ty
Yes. It is available now.
Follow me to the Promised Land
  • #550
  • Dec 15, 2013 6:06am Dec 15, 2013 6:06am
Quoting xlitang
{quote} Yes. It is available now.
Ok thx. How can I access it?

Ty
My job: I speculate and manage risk.
  • #551
  • Edited 7:02am Dec 15, 2013 6:38am | Edited 7:02am
General guidance for open orders before News event is to close all of them. It is not worth of the risk to keep them open.

Follow me to the Promised Land.
Follow me to the Promised Land
  • #552
  • Dec 15, 2013 7:05am Dec 15, 2013 7:05am
Quoting TyLamai
{quote} Ok thx. How can I access it? Ty
Available upon email request to [email protected].

Follow me to the Promised Land.
Follow me to the Promised Land
  • #553
  • Dec 15, 2013 8:34am Dec 15, 2013 8:34am
Live version will cost you $100 upfront and 10% of your monthly profit if you have any.
  • #554
  • Dec 15, 2013 8:35am Dec 15, 2013 8:35am
Quoting NightOwl76
Live version will cost you $100 upfront and 10% of your monthly profit if you have any.
ALWAYS remember to add the fact that none of it is mandatory - it's NOT by force. Only do so IF you see the need right?

Ty
My job: I speculate and manage risk.
  • #555
  • Dec 15, 2013 11:40am Dec 15, 2013 11:40am
Quoting TyLamai
{quote} ALWAYS remember to add the fact that none of it is mandatory - it's NOT by force. Only do so IF you see the need right? Ty
Just post it to avoid any confusion? Some people may not understand because it didn't say clearly in the first page. I hope this is clear. And yes, it's not by force but it's only fair if state clearly in the first page that Live version EA will cost $100 up front and 10% of monthly profit--every month after the $100 up front cost.
  • #556
  • Dec 15, 2013 1:13pm Dec 15, 2013 1:13pm
Quoting NightOwl76
{quote} Just post it to avoid any confusion? Some people may not understand because it didn't say clearly in the first page. I hope this is clear. And yes, it's not by force but it's only fair if state clearly in the first page that Live version EA will cost $100 up front and 10% of monthly profit--every month after the $100 up front cost.

Alright then point well taken. No harm done.

Ty
My job: I speculate and manage risk.
  • #557
  • Dec 15, 2013 3:37pm Dec 15, 2013 3:37pm
Quoting NightOwl76
{quote} Just post it to avoid any confusion? Some people may not understand because it didn't say clearly in the first page. I hope this is clear. And yes, it's not by force but it's only fair if state clearly in the first page that Live version EA will cost $100 up front and 10% of monthly profit--every month after the $100 up front cost.
If you read the whole thread, you should have seen that it has been clearly stated.
MT4/MT5 EAs/Indicators/Alerts coder
  • #558
  • Dec 15, 2013 4:53pm Dec 15, 2013 4:53pm
Quoting TyLamai
{quote} Oreo...there is nothing to be confused about. DD simply refers to the level (i.e. the percentage of your current balance which the total negative open trades HAD to "eat" into before re-turning back to positive digits). When that "recovery" is impossible, you are said to have a MARGIN call. Also, see the image below: Can you now SEE it on my MyFxBook? Let me know if you still need more clarifications? Regards, Ty NB: By the way, we DO NOT want a HIGH DD. Generally, the LOWER the DD percentage the better which is why I think xlitang is VERY...
yes. i was confused because you have a high dd (65.22%) percentage but i was not able to see it in the graph of balance & equity (they're almost equal all the time).

thanks for your replies.
  • #559
  • Dec 16, 2013 1:22am Dec 16, 2013 1:22am
Hi xlitang,

Is there any buy or sell maximum level? So far my demo account go maximum to 3.84 lot which is 14th level.

1) 0.1
2) 0.1
3) 0.1
4) 0.3
5) 0.3
6) 0.3
7) 0.6
8) 0.6
9) 0.12
10) 0.24
11) 0.48
12) 0.96
13) 1.92
14) 3.84
  • #560
  • Edited 5:16am Dec 16, 2013 4:52am | Edited 5:16am
Quoting sam2vt
Hi xlitang, Is there any buy or sell maximum level? So far my demo account go maximum to 3.84 lot which is 14th level. 1) 0.1 2) 0.1 3) 0.1 4) 0.3 5) 0.3 6) 0.3 7) 0.6 8) 0.6 9) 0.12 10) 0.24 11) 0.48 12) 0.96 13) 1.92 14) 3.84
No limit for promised EA, but there is a limit for Fish Net EA.

Follow me to the Promised Land.
Follow me to the Promised Land
1 trader viewing now