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Promised EA system

  • #601
  • Dec 18, 2013 6:52am Dec 18, 2013 6:52am
Quoting Fbird
Just for ilustration purposes, I set up a demo account running during news. Following UK data, I'm at 3.84 lot so far. Definitively not worth the risk.
Fish Net EA handle it pretty well. Again mot worth the risk.
Follow me to the Promised Land
  • #602
  • Dec 18, 2013 6:55am Dec 18, 2013 6:55am
You can shutdown EA now. Between now and FOMC news market will be flat any way.
Follow me to the Promised Land
  • #603
  • Dec 18, 2013 9:49am Dec 18, 2013 9:49am
Quoting TyLamai
{quote} In which case, the advice will be VERY simple: .
TyLamai, you have a good understanding of the system. Thanks!
  • #604
  • Dec 18, 2013 12:04pm Dec 18, 2013 12:04pm
Grid + Martingale strikes again, 25% loss for the day on your first demo account above.
Last week you had a similar crash, you said that you "did not follow the rules".
Same again?
  • #605
  • Dec 18, 2013 12:06pm Dec 18, 2013 12:06pm
Quoting RHoudini
Grid + Martingale strikes again, 25% loss for the day on your first demo account above. Last week you had a similar crash, you said that you "did not follow the rules". Same again?
Yes. Check live account.
Follow me to the Promised Land
  • #606
  • Dec 18, 2013 12:32pm Dec 18, 2013 12:32pm
In the live account I see a similar 25% to 30% drop some time ago.

Why do you publish demo accounts that "do not follow the rules"?
The account goes bust and you replace it with another demo account - like you did last week after my comment on December 11.
Who are you trying to fool here?

P.S. Loss of your demo account above now at 35% for the day...
  • #607
  • Dec 18, 2013 12:56pm Dec 18, 2013 12:56pm
Quoting RHoudini
In the live account I see a similar 25% to 30% drop some time ago. Why do you publish demo accounts that "do not follow the rules"? The account goes bust and you replace it with another demo account - like you did last week after my comment on December 11. Who are you trying to fool here? P.S. Loss of your demo account above now at 35% for the day...
Good to have someone like you to remind us how important not to trade during News Event. Yesterday Fbird said he never lose by trading news. what I said" wow what a statement".
come back often and we need praise and critics as well. Welcome aboard.
Follow me to the Promised Land
  • #608
  • Dec 18, 2013 1:28pm Dec 18, 2013 1:28pm
Quoting Sunnybeach
{quote} TyLamai, you have a good understanding of the system. Thanks!
Happy to be of service.

Ty
My job: I speculate and manage risk.
  • #609
  • Dec 18, 2013 2:39pm Dec 18, 2013 2:39pm
Quoting xlitang
{quote} Good to have someone like you to remind us how important not to trade during News Event. Yesterday Fbird said he never lose by trading news. what I said" wow what a statement". come back often and we need praise and critics as well. Welcome aboard.
Never said that. Anpar did lol...
  • #610
  • Dec 18, 2013 2:43pm Dec 18, 2013 2:43pm
For those of you who traded 2day hope you had fun. As for me it was EXTREMELY difficult to stay away - I even had to practically SIT ON MY HANDS just to stop from clicking the "expert advisors" button!

Anyways I will be re-starting everything in about 3 hours time so it shouldn't be much longer now.

Cheers,

Ty
My job: I speculate and manage risk.
  • #611
  • Dec 18, 2013 3:03pm Dec 18, 2013 3:03pm
Quoting Fbird
{quote} Never said that. Anpar did lol...
Yup, that was me and I did not stop the EA today.

https://www.myfxbook.com/portfolio/mt4-824319/758288 Highest lots it got to was .04, no issues what so ever.

https://www.myfxbook.com/portfolio/mt4-824321/758341 Highest lots again only got to .04.

Anpar
  • #612
  • Dec 18, 2013 4:06pm Dec 18, 2013 4:06pm
Quoting Anpar
{quote} Yup, that was me and I did not stop the EA today. https://www.myfxbook.com/portfolio/mt4-824319/758288 Highest lots it got to was .04, no issues what so ever. https://www.myfxbook.com/portfolio/mt4-824321/758341 Highest lots again only got to .04. Anpar
You were lucky not to be trading GU. This morning you would have blown your account. The one that I let run on purpose during the news release went to 3.84 lots and blew thereafter. It had already 6 positions opened before GU went north by 100 pips.

It was a 2500€ micro account (1 pip = 0.1 €) and was underfunded, confirming what Ty was saying (25.000 for a micro). Conclusion: monthly profitability of 50/60% are achieved with high risk account that will be killed sooner or later, even if you shut down EA during news. Instead, set up a properly funded account that will generate lower profitability.
  • #613
  • Dec 18, 2013 4:24pm Dec 18, 2013 4:24pm
Quoting Fbird
{quote} You were lucky not to be trading GU. This morning you would have blown your account. The one that I let run on purpose during the news release went to 3.84 lots and blew thereafter. It had already 6 positions opened before GU went north by 100 pips. It was a 2500€ micro account (1 pip = 0.1 €) and was underfunded, confirming what Ty was saying (25.000 for a micro). Conclusion: monthly profitability of 50/60% are achieved with high risk account that will be killed sooner or later, even if you shut down EA during news. Instead, set up a properly...
My job: I speculate and manage risk.
  • #614
  • Dec 18, 2013 4:37pm Dec 18, 2013 4:37pm
Charts restarted! Finally I re-join the trading community.

Ty

NB: Goodnight & talk to y'all tomorrow.
My job: I speculate and manage risk.
  • #615
  • Dec 18, 2013 7:29pm Dec 18, 2013 7:29pm
Hi xlitang,

Will you send me the EA for live if I open a mini account ($0.01/pip) with $1000 deposit other than profiforex? Since you only mention profiforex and Global Prime here.

However, I did live chat with them and the answer is they do not provide mini but micro ($0.10/pip) account only even is for live. Therefore, $1000 with micro is impossible to trade with the EA.
  • #616
  • Dec 18, 2013 7:37pm Dec 18, 2013 7:37pm
http://www.myfxbook.com/members/garf...se-live/782299

here is link to my live account with profitforex, its micro account started yesterday. Did we during the GBPUSD news survived.
I plan to withdraw all profit every month, till I have recovered my initial deposit + EA cost. Will let it run uninterrupted to see how far it goes.

cheers
Garfield
Trading is SIMPLE not EASY.
  • #617
  • Dec 18, 2013 7:37pm Dec 18, 2013 7:37pm
Quoting sam2vt
Hi xlitang, Will you send me the EA for live if I open a mini account ($0.01/pip) with $1000 deposit other than profiforex? Since you only mention profiforex and Global Prime here. However, I did live chat with them and the answer is they do not provide mini but micro ($0.10/pip) account only even is for live. Therefore, $1000 with micro is impossible to trade with the EA.
ProfiForex is only broker I know that offer micro account that we can trade with $1000 safely. If you find any other broker that can provide same micro account like ProfiForex, go ahead.
Follow me to the Promised Land
  • #618
  • Dec 18, 2013 8:13pm Dec 18, 2013 8:13pm
Quoting Fbird
{quote} You were lucky not to be trading GU. This morning you would have blown your account. The one that I let run on purpose during the news release went to 3.84 lots and blew thereafter. It had already 6 positions opened before GU went north by 100 pips. It was a 2500€ micro account (1 pip = 0.1 €) and was underfunded, confirming what Ty was saying (25.000 for a micro). Conclusion: monthly profitability of 50/60% are achieved with high risk account that will be killed sooner or later, even if you shut down EA during news. Instead, set up a properly...
I wouldn't say I was "lucky"...there is a reason I trade the pair(s) I do. No JPY and no GBP pairs for these types of EAs, now if we are talking manual price action trading, I trade all pairs because I employ hard stops, but I like to keep my risk as limited as possible.

Now, I'm not foolish enough to think that even with the pair I trade "AUD/CAD" a demo (live) account can't blow, because I have blown 5 accounts over the past 10 years and recently took a $500 live account to 6k in 2.5 months trading the "Crossfader 8nr" EA and blew it in 48 hours due to being on the wrong site of the US budget gridlock in Oct., but I still got out with $700 because of a hard stop.

But, lets get real, the MAX amount of capital I'm willing to risk on Promise is $1k, trading one pair that is not majorly impacted by news or heavily manipulated by a government. Xlitang, has done a wonderful job with this EA and I appreciate his time and effort and will continue to share my results/experience of my demo account trading "Promise" 24/5 with no intervention. If after 3 months of testing and the demo is still growing (end of Jan.) I'll probably open up a live account under the same criteria.

Anpar

Anpar
  • #619
  • Dec 18, 2013 8:21pm Dec 18, 2013 8:21pm
Quoting Anpar
{quote} I wouldn't say I was "lucky"...there is a reason I trade the pair(s) I do. No JPY and no GBP pairs for these types of EAs, now if we are talking manual price action trading, I trade all pairs because I employ hard stops, but I like to keep my risk as limited as possible. Now, I'm not foolish enough to think that even with the pair I trade "AUD/CAD" a demo (live) account can't blow, because I have blown 5 accounts over the past 10 years and recently took a $500 live account to 6k in 2.5 months trading the "Crossfader 8nr" EA and blew it in...
Thanks for the nice words.

If you have 1K and trade micro account (1 pip is one cent) and startling lot is 0.01 and trade 9 pairs at the same time, you will double your account in about two months, running almost 24x5.
Follow me to the Promised Land
  • #620
  • Dec 18, 2013 8:55pm Dec 18, 2013 8:55pm
Interesting!!
Which 9 pairs do u recommend ?
Trading is SIMPLE not EASY.
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