Tom'sEa WPFX LIVE (By TomsEaWPFXlive)
The user has deleted this system.
Tom'sEa WPFX LIVE Discussion
forex_trader_52540
Member Since Nov 06, 2011
248 posts
Dec 20, 2011 at 02:54
EURUSD is still open in my account with target at 1.31667 (big DD now).
worldprofx account.
worldprofx account.
Dec 20, 2011 at 03:22
There is still a moderate chance that it will pull back further. Of course, it would be best to resign yourself to a big DD for a while. My guess, we will consolidate through the new year, and then resume the downtrend. I wouldn't worry to much about it. Just watch you equity level. maybe remove some pairs if you think you may get into too big of a DD. Main thing is, you gotta give it room to breath or it cannot recover.
Make losses, but always come out a winner at the end.
Dec 20, 2011 at 07:34
chrissav posted:
I have noticed that a eur/usd basket was closed at 1.3080. Was this closed manually? I have this basket still open with a TP at 1.3087.
Mine's got a TP of 1.3090. Presumably the variance will be dependent on timing/broker factors. Yesterday's high on my broker was 1.3083, agonisingly close!
Member Since Nov 06, 2011
181 posts
Dec 20, 2011 at 21:11
......The retrace stalled 5pips away from my TP!!! Believe it! 😈 Still, not closing manually
Member Since Jul 15, 2010
18 posts
Dec 20, 2011 at 21:29
FYI, my Tradency Mirror closed the EUR/USD basket for an overall profit, at 1.30848.
Dec 21, 2011 at 01:57
I was nearly excited/relieved last night when I saw my open trade DD reducing.
Nearly got to the point where I could close all open trades and basically be at breakeven/small loss for the 3 months of trading.
Should have done it as of course those who hesitate lose - Open Trade DD is again way in excess of 3 month profit - DOH!
Nearly got to the point where I could close all open trades and basically be at breakeven/small loss for the 3 months of trading.
Should have done it as of course those who hesitate lose - Open Trade DD is again way in excess of 3 month profit - DOH!
Member Since Nov 06, 2011
181 posts
Dec 21, 2011 at 11:37
Also my long basket closed at profit 1.3135, I am glad I did not intervene.
Member Since Jul 15, 2010
18 posts
Dec 21, 2011 at 15:33
I can see that one of the big psychological issues with this system is going to be NOT intervening, when price has pulled back into profit with the Martingale trades, but NOT YET hit the Take Profit level. One of the pluses to being on the west coast of the US is that I am asleep a good percentage of the time, when the London action is happening. I can't intervene when I'm asleep!
Dec 21, 2011 at 15:42
tyoung6608 posted:
I can see that one of the big psychological issues with this system is going to be NOT intervening, when price has pulled back into profit with the Martingale trades, but NOT YET hit the Take Profit level. One of the pluses to being on the west coast of the US is that I am asleep a good percentage of the time, when the London action is happening. I can't intervene when I'm asleep!
In this instance, that will definitely work out in your favor!😁
Make losses, but always come out a winner at the end.
forex_trader_53345
Member Since Nov 13, 2011
53 posts
Dec 22, 2011 at 07:28
Just a note to any Tradency Mirror Platform users - I have just been advised that setting risk to 0.1 does NOT halt trades! You actually need to delete the strategy from your portfolio until after the holidays.
I learnt this the hard way as I closed out of USD/CAD trades manually, only to have Tradency open three new trades on USD/CAD.
I learnt this the hard way as I closed out of USD/CAD trades manually, only to have Tradency open three new trades on USD/CAD.
Member Since Nov 06, 2011
181 posts
Dec 25, 2011 at 09:42
Wish everyone a merry christmas and a very pip-full & profitable 2012 😀
Dec 28, 2011 at 21:43
Hi, I'm coming to the end of my 60 trial period. I have done some searching on the web and there seems to be a 50/50 split as to whether this system is what has been marketed. Could someone please provide this newbie their opinion as to whether they would recommend this system or not? The short term results have been very positive but the potential drawdown still worries me. Thanks.
Dec 28, 2011 at 23:19
I am going to phrase this very carefully..... This is the 'safest' martingale system I have seen to date. Since i have not seen anyone attempt to publish a full risk disclosure, people are not fully aware of the potential DD. The chance of an event of maximal DD ever occurring are incredibly small. My opinion is to use minimal risk and have a huge margin for padding. My opinion would be $1000 start for a penny account, $10,000 for a micro account, $100,000 for a mini account, or $1mil for a standard account. These accounts are based purely on the smallest lot size you have access to. Only an opinion.
Make losses, but always come out a winner at the end.
Dec 29, 2011 at 09:07
My Experience is I went live with a smallish account on 1st Nov, i only use eur/usd on setting 2. In November I made 11%, December is a lot quiter for obvious reasons but look like making 6%. Best ea I have ever bought. Small but steady growth.
Member Since May 04, 2011
14 posts
Dec 29, 2011 at 12:16
Hey Guys,
They have privatised the open trades again. I really don't understand why they insist on doing this again. Opening them was a great move by Dustin...but not anymore. I would like to see what positions they kept open over the holidays.
I closed everything live before Christmas...but my demo is still running and has about 9.5% DD. What are you guys experiencing?
FX
They have privatised the open trades again. I really don't understand why they insist on doing this again. Opening them was a great move by Dustin...but not anymore. I would like to see what positions they kept open over the holidays.
I closed everything live before Christmas...but my demo is still running and has about 9.5% DD. What are you guys experiencing?
FX
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Jan 01, 2012 at 02:01
4XManager posted:
i think, thats enough. its a black box system and who wants to use an ea that at any day it uses a much higher lot size and probably blow out your accout... iam done
https://www.software-for-metatrader.com/products/The-absolutly-best-Expert-Advisor-on-the-Market%21-The-holy-Grail%21.html
do these trades look like TOMS ea? i don't why I thought it was similar , but it was the first that that came to mind when i saw the open positions.
https://www.myfxbook.com/members/4XManager/ea-581650/199028/xCKVfXyzDao4tiRAznKD
Jan 01, 2012 at 02:30
ForexScam posted:
4XManager posted:
i think, thats enough. its a black box system and who wants to use an ea that at any day it uses a much higher lot size and probably blow out your accout... iam done
https://www.software-for-metatrader.com/products/The-absolutly-best-Expert-Advisor-on-the-Market%21-The-holy-Grail%21.html
do these trades look like TOMS ea? i don't why I thought it was similar , but it was the first that that came to mind when i saw the open positions.
https://www.myfxbook.com/members/4XManager/ea-581650/199028/xCKVfXyzDao4tiRAznKD
Good catch! I would like to open that up and compare it to TEA.
Make losses, but always come out a winner at the end.
