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Sell a working Expert Advisor

  • #221
  • Edited 5:08am Nov 27, 2013 4:55am | Edited 5:08am
Hi guys, sorry for the removal of EA #1. I am not running away I am just trying to start again in this cruel forex world.

I decided to close all the running EAs and open a new 1 to start afresh with better money management and test my new EA setup
I will link it here.

Any comments are welcome

Time to start fresh ! I know there are a lot of haters, let me give it another try

Everyone fail before. My greed over take my EA principle (Running 8 EAs after consistent profit was a mistake).

I now shall hold my failure and trade better!

Feel free to monitor my progress, I will make sure I do better than what I am previously. I am using the same EA but with little modification
to make things better. Securing capital and making consistent profit is still my main target.

By maybe half a year later, I will probably start tutoring and selling this EA again if I manage to make consistent profit.

Target is to make a clean 0.5% - 2% daily and to keep drawdown at minimal.

This EA still works, the ideology and everything, just that I turn it into a warzone like manual trading. I will try to improve.

Attached Image
Trading is something special.
  • #222
  • Nov 27, 2013 4:58am Nov 27, 2013 4:58am
Well it is easy to throw stones and even easier after the product has failed... so I will point out the refreshing positives of this thread and the thread starter:

1) he has been honest about his product
2) he has been honest about himself, his age, his experience
3) he offered a live account as evidence

so despite the product failure the thread has an air of honesty about it and the flaws of the product were always on display for those that cared to see them.
  • #223
  • Nov 27, 2013 5:22am Nov 27, 2013 5:22am
Well, i hope you will apply better money management with your new trade, lets see.
  • #224
  • Nov 27, 2013 5:31am Nov 27, 2013 5:31am
Quoting MaxDoom
Well it is easy to throw stones and even easier after the product has failed... so I will point out the refreshing positives of this thread and the thread starter: 1) he has been honest about his product 2) he has been honest about himself, his age, his experience 3) he offered a live account as evidence so despite the product failure the thread has an air of honesty about it and the flaws of the product were always on display for those that cared to see them.
MaxDoom someone using live account doesn't mean that his strategy is success.
  • #225
  • Nov 27, 2013 5:33am Nov 27, 2013 5:33am
Quoting FX_James
{quote} MaxDoom someone using live account doesn't mean that his strategy is success.
read my post again properly..... I never said anything about the strategy being successful.
  • #226
  • Edited 10:01am Nov 27, 2013 7:13am | Edited 10:01am
1. How much money did baokydev lose (or gain) after closing out all 8 EAs? I remember he said only 2 EAs were in drawdown while the other 6 EAs were making HUGE profits that he moved the funds to use as fresh deposits. So what was the final P&L at margin call and close out?

2. How many people have paid $500 for the EA and tutoring?

3. Are the clients doing well or lost all their money during the margin call and close out? I'm sure the clients did not have 8 EAs running.

Ex Institutional Trader
http://www.forexfactory.com/nv_trader#71
This ex-institutional trader seems to know what he is doing, is there anyway to design a EA to trade this way with the money management rules that experts have suggested on this thread?
No longer trading forex. Looking for full time job.
  • #227
  • Edited 1:15pm Nov 27, 2013 10:06am | Edited 1:15pm
Quoting arastoofx
{quote} 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...
Not trying. Just saying it's working for me and my methods so it might work for others too if they put in a bit of thought to exits. Another 120 pounds today (balance +136.66, equity floating loss -11). cheers.

so yes, within 3 days I have made back the money for the EA with a max DD of 100 pounds on a 1000 pounds account... I know you can't calculate it like this, but shall see what happens. and fyi I am not increasing my lot sizes...
Build good relationships with others.
  • #228
  • Nov 27, 2013 1:06pm Nov 27, 2013 1:06pm
Quoting shellsnail
{quote} Not trying. Just saying it's working for me and my methods so it might work for others too if they put in a bit of thought to exits. Another 120 pounds today. cheers.
For now I am curious to see how this EA will handle a trend change (i.e. how much loss will I incur before my manual exit signal is triggered.). Based on backtest it seems that profits > losses significantly BUT still have to see what actually happens.
Build good relationships with others.
  • #229
  • Dec 4, 2013 4:55am Dec 4, 2013 4:55am
Why does his customers still think this is a good EA?
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 118 KB
  • #230
  • Dec 13, 2013 4:36am Dec 13, 2013 4:36am
Just keeping track of his max drawdown, before it recovers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA1.png Size: 78 KB
Click to Enlarge Name: EA2.png Size: 48 KB
  • #231
  • Dec 18, 2013 6:18pm Dec 18, 2013 6:18pm
Very exciting to watch! Almost -$10K in drawdown but account is kept beyond margin call closing by depositing more money the 7th time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA1.png Size: 78 KB
Click to Enlarge Name: EA2.png Size: 47 KB
  • #232
  • Dec 19, 2013 10:32am Dec 19, 2013 10:32am
though i said many times that keep depoziting is absolutely pointless (baok!), still, we'd better leave him alone. these kind of lessons should be whole and embossed in a trader's bone so that he never commit such stupidity again.

Even tomorrow the market reverse and give you 20k$ profit (200%+), this is still apparently a loser method (not a system). no value to follow, though interesting to watch.

Quoting anyone
Very exciting to watch! Almost -$10K in drawdown but account is kept beyond margin call closing by depositing more money the 7th time. {image} {image}
  • #233
  • Dec 24, 2013 1:12am Dec 24, 2013 1:12am
If it works why are you selling it ?
  • #234
  • Dec 26, 2013 9:14am Dec 26, 2013 9:14am
Quoting charvo
though i said many times that keep depoziting is absolutely pointless (baok!), still, we'd better leave him alone. these kind of lessons should be whole and embossed in a trader's bone so that he never commit such stupidity again. Even tomorrow the market reverse and give you 20k$ profit (200%+), this is still apparently a loser method (not a system). no value to follow, though interesting to watch. {quote}
Do you think the buyers learned their lesson? Pretty expensive $500 lesson and there were a few takers defending the seller throughout this episode. What surprised me was the ease at which people would purchase a "product" just from FF thread alone and convinced by words.

Unfortunately the TradeExplorer was deleted and I can't tell if he recovered his -$10K drawdown.
  • #235
  • Dec 26, 2013 10:47am Dec 26, 2013 10:47am
Quoting anyone
{quote} Unfortunately the TradeExplorer was deleted and I can't tell if he recovered his -$10K drawdown.
Nope, I think he went bust as all of his trades were in Sell mode and all those trades opened even higher after Christmas Day.

An expensive lesson learn t by all his customers.......

So it would seem Forex is not as simple as he stated in his earlier posts.......lol
  • #236
  • Last Post: Dec 31, 2013 12:30pm Dec 31, 2013 12:30pm
Quoting Gvc
{quote} Nope, I think he went bust as all of his trades were in Sell mode and all those trades opened even higher after Christmas Day. An expensive lesson learn t by all his customers....... So it would seem Forex is not as simple as he stated in his earlier posts.......lol
He seems to resurface as http://www.forexfactory.com/chaosbun but not selling EAs anymore.
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