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Promised EA system

  • #941
  • Jan 14, 2014 11:42am Jan 14, 2014 11:42am
MyFxbook graph.
Attached Image (click to enlarge)
Click to Enlarge Name: promisedEA.GIF Size: 105 KB
Follow me to the Promised Land
  • #942
  • Jan 14, 2014 12:51pm Jan 14, 2014 12:51pm
Quoting xlitang
MyFxbook graph. {image}
Impressive xlitang.

Since this is your demo account, is it POSSIBLE for you to send us this version so that we can also attach it to our own demo accounts too? Pending when you will release it live?

Should I send a mail to the usual?

Ty
My job: I speculate and manage risk.
  • #943
  • Jan 14, 2014 5:35pm Jan 14, 2014 5:35pm
Hi All,

Can anybody tell me in the first post is it the latest files to be download? and what was the contest expiring? can I load it on my live account and still qualify for contest or not? Your help appreciated.....

Bomi
  • #944
  • Jan 14, 2014 6:23pm Jan 14, 2014 6:23pm
Account doubled today 105 % return.
Attached Image (click to enlarge)
Click to Enlarge Name: promisedEA.gif Size: 356 KB
Follow me to the Promised Land
  • #945
  • Jan 14, 2014 6:58pm Jan 14, 2014 6:58pm
We have a winner for the contest. Prudente02 please email me.

  1. http://assets.forexfactory.net/nfs/c...ar210650_2.gif
  2. prudente02

Follow me to the Promised Land
  • #946
  • Jan 14, 2014 9:45pm Jan 14, 2014 9:45pm
Quoting xlitang
We have a winner for the contest. Prudente02 please email me. {image} prudente02
!

Well then...no comment

Ty
My job: I speculate and manage risk.
  • #947
  • Jan 15, 2014 1:33am Jan 15, 2014 1:33am
Quoting xlitang
We have a winner for the contest. Prudente02 please email me. {image} prudente02
xlitang...not to be a spoilsport BUT this is what prudente02 said in post #929 above:

Quote
I think that account will be doubled the January 16th.

And as far as I know from this part of the world, TODAY is the 15th! NO ONE mentioned today.

Ty
My job: I speculate and manage risk.
  • #948
  • Jan 15, 2014 4:17am Jan 15, 2014 4:17am
Hi,
Question, if i have 100k and im able to trade from 0.01 what size of lot should i start with with this ea and how many pairs would i be able to trade ?

Thanks in advance.
  • #949
  • Jan 15, 2014 7:26am Jan 15, 2014 7:26am
Quoting Absurdum
Hi, Question, if i have 100k and im able to trade from 0.01 what size of lot should i start with with this ea and how many pairs would i be able to trade ? Thanks in advance.
As long as the $100k is in your MICRO account (not Nano or Standard), you would "theoretically" be able to start with a lot size of 0.04 which is simply 4 times the recommended starting lot size.

This is because you have 4 times the recommended starting amount (of $25k) as your starting balance...BUT...

If you remain at 0.01 lot size even though you have a starting balance of $100k then the ABILITY of your account to withstand Draw Downs would be 4 TIMES as high/effective.

The choice is yours.

Regards,

Ty
My job: I speculate and manage risk.
  • #950
  • Edited 8:18am Jan 15, 2014 7:30am | Edited 8:18am
Quoting TyLamai
{quote} As long as the $100k is in your MICRO account (not Nano or Standard), you would "theoretically" be able to start with a lot size of 0.04 which is simply 4 times the recommended starting lot size. This is because you have 4 times the recommended starting amount (of $25k) as your starting balance...BUT... If you remain at 0.01 lot size even though you have a starting balance of $100k then the ABILITY of your account to withstand Draw Downs would be 4 TIMES as high/effective. The choice is yours. Regards, Ty

Hahahah well i tried with a demo account, i took 100 000/250=400 so i started with 4lots, entered 12 pair, doing great right now, but i understand there is a risk of blowing it hahahahah
  • #951
  • Jan 15, 2014 8:21am Jan 15, 2014 8:21am
Quoting Absurdum
{quote} Hahahah well i tried with a demo account, i took 100/250=400 so i started with 4lots, entered 12 pair, doing great right now, but i understand there is a risk of blowing it hahahahah
Not 4 lots = Not 4.00

4 micro lots = 0.04

Anyways, its your call.

Regards,

Ty
My job: I speculate and manage risk.
  • #952
  • Jan 15, 2014 8:45am Jan 15, 2014 8:45am
Quoting TyLamai
{quote} Not 4 lots = Not 4.00 4 micro lots = 0.04 Anyways, its your call. Regards, Ty
As we over here "All or nothing"

Well i have corrected it so i think it will be fine, amazing result in less then 30 minutes, 7k and DD -20%, thanks for the help.

I just remember another question, i saw there where someone who asked if IC Market True Ecn account worked to use with $200, how did this turn out anyone know ?
  • #953
  • Jan 15, 2014 5:23pm Jan 15, 2014 5:23pm
Quoting xlitang
We have a winner for the contest. Prudente02 please email me. {image} prudente02
Hi Xlitang,

since I have not posted here before I cannot subscribe to your thread. Anyway can I have your EA prudente02. Either way YES or NO acceptable.
Bomi
  • #954
  • Jan 15, 2014 10:10pm Jan 15, 2014 10:10pm
Hi Xlitang,

I have been following your demo results for a short time, and saw great results so far. But i guess that today's huge move on AUD linked pairs was a massive draw down if the EA was left running during the news?

I'm just wondering if this is why the demo results were deleted from here and myfx book?

I see the live results did not suffer a massive draw down, is this because you disabled it before the news?

Thanks for sharing none the less, and all the best on the markets.
Wealth comes from what you keep, not what you earn
  • #955
  • Edited 11:49pm Jan 15, 2014 11:21pm | Edited 11:49pm
Quoting trader34
Hi Xlitang, I have been following your demo results for a short time, and saw great results so far. But i guess that today's huge move on AUD linked pairs was a massive draw down if the EA was left running during the news? I'm just wondering if this is why the demo results were deleted from here and myfx book? I see the live results did not suffer a massive draw down, is this because you disabled it before the news? Thanks for sharing none the less, and all the best on the markets.
Yes, you are correct. Enjoyed a basketball game between Houston Rocket and New Orleans Pelican tonight, forgot to turn demo EA off for AUD pairs. Got blow up. I restarted another demo account with 25K. Also enabled SPREAD spike protection. Let's see how this demo goes.

For live account I set a limit how many open orders. So far so good.
Follow me to the Promised Land
  • #956
  • Jan 16, 2014 12:13am Jan 16, 2014 12:13am
Quoting xlitang
Got blow up...I restarted another demo account with 25K...
xlitang I think (instead of deleting these trade explorers) it would have been better to have left these blown demos - as EVIDENCE of the possibilities of trading without considering the news?...

ALSO...are you saying that the demo account which just DOUBLED yesterday has blown up today?


Quote
...Also enabled SPREAD spike protection. Let's see how this demo goes...

I was under the impression that demo PromisedEA V5 had this feature in place before?....

See Post#732 Here: http://www.forexfactory.com/showthre...18#post7179518


Quote
...For live account I set a limit how many open orders. So far so good...

Yeah...EXCEPT if your account ALREADY had AU buy trades opened before the news - in which case the DD would still affect your account - though no newer trades would be opened.

Let's see if we can address these.

Regards,

Ty
My job: I speculate and manage risk.
  • #957
  • Jan 16, 2014 2:09am Jan 16, 2014 2:09am
My 25k demo account is down to hell. Was already loaded with 3.84 lots in AU before the news. Guess that these are the risk of martingale. At least, that shows me the benefits of demo trading before going live lol... Seems that martingale is not for me.

https://www.myfxbook.com/portfolio/25kpromised/783690
  • #958
  • Jan 16, 2014 2:55am Jan 16, 2014 2:55am
A DAY FOR STARK REALITIES FELLAS

==========================


Firstly let me state that the current DrawDown could have happened THE DAY I opened my live account but thank God it didn't.

Standing (before today) at 11.35+% profit has ALLOWED me room to further absorb this DD nevertheless...

I have decided that I will CLOSE OUT all my current trades IF the DD gets to a 18% loss of my ACTUAL initial deposit.

What that means is this:
Currently, I am STILL using up the 11+% profit AND the BONUS which profiforex graciously extended to me when I opened my live account. Once these have been USED UP and an ADDITIONAL 18% of my OWN original funds along with it, the CLOSE ALL script will be deployed!

So am NOT stressed about the current going ons. It was to be expected...at least 4 TIMES during the year. I TRIED very hard to get us to identify possible NEWS events which would cause this but no one seemed interested...so...

Further more, I have Identified the currency PAIRS which are causing me this particular headache. They are:

AUDUSD & USDJPY.

I have therefore suspended BOTH from further trading while hoping and praying for a quick reversal.

All the other 10 pairs I trade are doing OKAY for now and are PROBABLY the reason why I still have an account.

Gentlemen brace yourselves - it may get rougher before it gets better (if it does get better).

Regards,

Ty

NB: Am not sure I agree with xlitang deleting his doubled account. That's NOT good for posterity. Below I will show images depicting the HARSH realities of this trading system so that anyone who (like us) decides to utilize it will at least know HOW bad it can get.
My job: I speculate and manage risk.
  • #959
  • Jan 16, 2014 2:56am Jan 16, 2014 2:56am
It would be great if Evil Jerrad comes back to the thread with its solutions. Cooperation is the answer. Or at least if he opens its own thread i'd be in.

Don't like the way xlitang's is managing the thread lately.
  • #960
  • Jan 16, 2014 3:01am Jan 16, 2014 3:01am
A DAY FOR STARK REALITIES FELLAS

==========================

The following images are from xlitang's recently doubled account which, in as little as 18Hours!, has BLOWN UP.

NOTE: This system of trading is NOT without risk so please thread carefully and be aware of these risks.

NOTE2: Am NOT doing this to point accusatory fingers at anyone's account (and certainly not xlitang's). This is simply as an example of Promised EA's risk/reward possibilities.

My LIVE account and Xlitang's as far as I know ARE STILL functioning fine. As xlitang has mentioned many times before, the DEMO version of Promised EA is Riskier!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: harsh-realities1-b4.png Size: 95 KB
Click to Enlarge Name: harsh-realities2-after.png Size: 59 KB
My job: I speculate and manage risk.
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