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Attachments: PowerFlow EA | Fully Automated | +770% Profit in 18 Month!
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PowerFlow EA | Fully Automated | +770% Profit in 18 Month!

Quoting hanover
{quote} If a strategy has a genuine edge, it can profit by using consistent position size, i.e. X% per trade. No need for a risky MM-based recovery mechanism, because the edge will simply (and safely) recover from losses, over time.
This is a true statement. Adding variable money management such as reducing lotsize after losses and increasing after wins is actually recommended by hedgefund traders. Read the new market wizards for the interviews.

Does your EA have a cutoff point, equity protection, hedging, reducing exposure, anything in the safety department?
Cut the red, let the green grow
Hello redrhinoFx,
To decrease the lot size after a loss and increase it after a winning trade is known as “old school” money management method. Personally I believe that there are many working money management methods and every trader should use the one which fits his trading style and helps him to make constant profits.

The only method I would never use is "Increase positions, hold them and pray that the market turns around." As you can see on your stats, it's a guaranteed way to face huge draw downs and end up with a basket which is not more to control.

BTW, PowerFlow just reached +800.79% and though the market was not easy to trade lately, the system had no troubles keeping the profits on a constant level without facing any serous draw down.

Quoting redrhinoFX
{quote}Does your EA have a cutoff point, equity protection, hedging, reducing exposure, anything in the safety department?
Yes, of course. The EA uses a range of safety features to ensure the risk is kept as low as possible. Plus, worst case scenarios are considered as well.

Regards, Alexander
Quoting A. Collins
Here are some up to date performance figures.

Attached Image (click to enlarge)
Click to Enlarge Name: 2zppamt.jpg Size: 272 KB
That's some decent returns. How does the EA determine trends?
You should fall, before you stand up!
Can you mention one of those safety features? In one of the graphs I can see a drawdown from 600+ % down to less that 500 %.
If slaughterhouses had glass walls, everyone would be a vegetarian!
Quoting Gambler180
Can you mention one of those safety features?.
Sure...

  1. Dynamic entries.
  2. Max Draw Down.
  3. Avoid entries around the release time of important economic news.
  4. Hedging.
  5. Adjustable lot sizes.
  6. Close all and stop trading if a specified DD limit is reached.

Regards, Alexander

Quoting Neveroff
{quote} That's some decent returns. How does the EA determine trends? {image}
PowerFlow uses slightly modified ProFx 3.0 trend indicators on multiple time frames to analyze trends. Works VERY well....

Here the actual performance figures:

http://i59.tinypic.com/335h5kg.png

....and here the links to the stats pages:

+816.93% | Monthly Profit: +12.43%

http://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198

+11.39% | Monthly Profit: 3.48%

http://www.myfxbook.com/members/Forex21/powerflow-ea-finfx-wwwforex21com/1077152

+448.72% | Monthly Profit: 35.26%

http://www.myfxbook.com/members/Forex21/powerflow-ea-2nd-acc-wwwforex21com/990323
you are showing the great things profit is well i want to try it..

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Quoting A. Collins
{quote} PowerFlow uses slightly modified ProFx 3.0 trend indicators on multiple time frames to analyze trends. Works VERY well.... Here the actual performance figures: {image} ....and here the links to the stats pages: +816.93% | Monthly Profit: +12.43% http://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198 +11.39% | Monthly Profit: 3.48% http://www.myfxbook.com/members/Forex21/powerflow-ea-finfx-wwwforex21com/1077152 +448.72% | Monthly Profit: 35.26% http://www.myfxbook.com/members/Forex21/powerflow-ea-2nd-acc-wwwforex21com/990323...
10k account and trading with 0.01 lot to be in range
Quoting raselnet
you are showing the great things profit is well i want to try it..
Hello raselnet,
you can find all information about PowerFlow on our homepage.
Quoting Giannigr
{quote} 10k account and trading with 0.01 lot to be in range
Thank you for your comment. Our target is to make constant profits and not to trade as much lots as possible.
Last week we saw some strong directional moves which are usually poison for grid trading. Anyway, thanks to the built in trend filters, PowerFlow did a great job and all live accounts show new all time highs. Here the actual performance figures:

http://i60.tinypic.com/24b2mbc.png


And here the links to the stats pages:

http://www.myfxbook.com/members/Fore...ex21com/985198 (http://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198)

http://www.myfxbook.com/members/Fore...x21com/1077152 (http://www.myfxbook.com/members/Forex21/powerflow-ea-finfx-wwwforex21com/1077152)

http://www.myfxbook.com/members/Fore...ex21com/990323 (http://www.myfxbook.com/members/Forex21/powerflow-ea-2nd-acc-wwwforex21com/990323)
Nice Job Collins. Though, I am not a huge fan of averaging I surely like your EA. Do you have discounts for old clients?

Josef
Quoting josef
Nice Job Collins. Though, I am not a huge fan of averaging I surely like your EA. Do you have discounts for old clients? Josef
Thank You!
Yes, we do have discounts for existing clients. Simple get in touch with us and we will see what we can do for you.

Regards, Alexander
Hi folks,
I just received a promo e-mail from Forex21 and realized that I never shared my results.

Attached Image (click to enlarge)
Click to Enlarge Name: 1zgqblj.png Size: 77 KB


Overall I am not a huge fan of EA's but PowerFlow is making some nice extra coins. Note that this is a cent account. I started the account with 100 bucks (monopoly money and now the account is up to 600 something buck (10 month). Time to let EA trade with some real money.
@ Josef - What was the highest DD? ...and how does the EA basically deal with DD?
Quoting Allan
@ Josef - What was the highest DD? ...and how does the EA basically deal with DD?
On this account 20%, on another the largest DD was closer to 30%.
Quoting hanover
{quote} Looks like a martingale to me. Note the increase in position size every time there's an equity dip (red arrows). If a strategy has a genuine edge, it can profit by using consistent position size, i.e. X% per trade. No need for a risky MM-based recovery mechanism, because the edge will simply (and safely) recover from losses, over time. Hence I won't be buying this one. {image}
Well, looks like it does good in the long run. This thread is old and still the subj is on track.
  • Post #38
  • Quote
  • Edited 7:44pm Feb 3, 2016 2:55pm | Edited 7:44pm
Quoting LocoGuy
{quote} Well, looks like it does good in the long run. This thread is old and still the subj is on track.
In my view, surviving in the "long run" as a trader means something like 10 to 20 years. Fifteen months proves little: here (http://grailtrading.blogspot.co.nz/) is an example of an EA, developed by some very knowledgeable traders, that managed to survive for something like 4 years before it encountered market conditions that caused it to implode. Here is their conclusion:
"One thing is for sure. no matter how good your system appears to be, no matter how much money it has already made and no matter how much confidence and testing you put into it - sooner or later a market condition will surface which you haven't seen before. we never know what is around the corner, you could run the gauntlet and have 10 years or more of great results. but sooner or later the market will throw off a wild one."

I stand by my original comments: that Powerflow is clearly a martingale, and that I won't be buying it.
IMHO, mr Hannover, if the system has the potential to grow more than 100%, you can take your own money out of it.
You then play for free.
In the example you give (several years) you can do that many times, so who cares if you every now and than blow up an account?
With this kind of MM, i think, you will have statistics on your site?
Speeking for my self, grid and position sizing (martingale) is in my genes, so if there is a way to to survive on the long run....
Kind regards Piet C.
Quoting hanover
{quote} In my view, surviving in the "long run" as a trader means something like 10 to 20 years. Fifteen months proves little: here (http://grailtrading.blogspot.co.nz/) is an example of an EA, developed by some very knowledgeable traders, that managed to survive for something like 4 years before it encountered market conditions that caused it to implode. Here is their conclusion: "One thing is for sure. no matter how good your system appears to be, no matter how much money it has already made and no matter how much confidence and testing...
To like or not to like martingale principle is the matter of the nature of every single person (some for sure love it, some - do not trust to it) and of the size of your account
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