FXCharger diskuse

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

fxcharger posted:
Hello everyone!
Yes, it's very sad, but our account is gone. Unfortunately Covid-19 period was too complex for FXCharger. Our Forex robot successfully traded for more than 4 years. We are working on some good update and I hope we will back with even better results in the future.

We are really sorry and upset about the loss that our clients got. We tried to do all we can from our side to avoid this. Anyway, it's Forex and unfortunately, no one is completely safe 😞

Afron posted:

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

Sorry but backtest has no value in forex. It is based on the past and does not guarantee future results.

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

MicF posted:

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

Then proof it, with a verified myFxbook Account.

MicF posted:

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

Then proof it, with a verified myFxbook Account.

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

Drolph posted:

Afron posted:

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

Sorry but backtest has no value in forex. It is based on the past and does not guarantee future results.

Hard to imagine how wrong you are. Backtesting is the only way to find a true statistical edge in this business. But I guess you rely on the MT4 backtester when talking about backtesting. Well, then you just have no clue.

True (paid) tickdata with variable spreads and slippage simulation gives you an even worse environment than you would ever experience in live trading. Here you can look for a real diamond!

Wanna know what indeed has no value? Forward testing! Why? Because you do not have 20 years of lifetime to waste evaluating a strategy just to find out after 13 years it is rubbish. And thats the point. Market behavior changes in cycles of more than 2-5 years. Thats what I was referring to in my last comment. Having sth that works for the last years only is most likely curve fitted - just like FXCharger.

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

---

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WayneO posted:

But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.

Be kind enough to share your strategy, even if paid with verified results, thank you.

LongVision posted:

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

Let's talk facts about high-risk trading such as Gird and Martingale.

I also develop an EA based on the Martingale strategy(Which I never use on real account). I am here sharing backtest of the strategy which I backtested since 2003 on tickdata. Look at the equity curve consistent profit without losing any month. This backtesting works on multiple currency pairs. Look like a money-printing machine.

So what is the catch here?

The answer is that I curve fitted Entry, Exit and Risk in such a way that EA backtesting should survive downswing since 2003. But there is a high probability that account will crash on future data and drawdown can be easily surpassed in future.

It is very easy for me to sell this EA as a holygrail of Trading and earn easy money. But my conscience never allows it as I know at some point there will be only blown account. Remember you can earn 10000% but you can only lose 100% only.

If you are still not convinced then I can provide some statistical data to prove my point that there is no advantage of using high-risk idea such as martingale .

---

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Drolph posted:

LongVision posted:

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

Let's talk facts about high-risk trading such as Gird and Martingale.

I also develop an EA based on the Martingale strategy(Which I never use on real account). I am here sharing backtest of the strategy which I backtested since 2003 on tickdata. Look at the equity curve consistent profit without losing any month. This backtesting works on multiple currency pairs. Look like a money-printing machine.

So what is the catch here?

The answer is that I curve fitted Entry, Exit and Risk in such a way that EA backtesting should survive downswing since 2003. But there is a high probability that account will crash on future data and drawdown can be easily surpassed in future.

It is very easy for me to sell this EA as a holygrail of Trading and earn easy money. But my conscience never allows it as I know at some point there will be only blown account. Remember you can earn 10000% but you can only lose 100% only.

If you are still not convinced then I can provide some statistical data to prove my point that there is no advantage of using high-risk idea such as martingale .

Basically your post is a yes and a no.

Averaging does NOT make a system profitable by itself. In consequence it does not turn a losing system into a profitable one.
But you did not mention aspects like comfort to drawdown phases or general 'peace of mind' growth of equity curves.

A standard trading system with fixed SL and TP and positive risk/reward on each and every trade will have time periods where your balance will decrease constantly and you never know when the situation changes again. Something not everyone wants to live with, having several consecutive months losing money. Here, averaging provides an undisputable advantage.

EVERY system lives from risk/reward - this is also valid for martingales and grids.

If your grid is making 100% in six months but crashes on average every two years you still have an incredible risk/reward to earn money in the longer run. Earning 20% a year and have a 100% crash every two years leads to a horrible risk/reward. Two grids, but two totally different stories! I am showing you a backtest of my EA undermining my argumentation. It is not about the possibilty of a single loss, it is about the longterm perspective.

Talking about horrible risk/reward, your shown performance is exactly that. 30% gain with 30% max drawdown after 17 years!? TIME is a factor that makes the difference here.

So your shown example system is not a holygrail. Why did you hide the backtesting period by the way? ;)

Based on my longyear journey it is everything but NOT EASY to develop a system (also an averaging one) that proves success for 15-20 years.

Drolph posted:

LongVision posted:

Drolph posted:

LongVision posted:

Afron posted:

Drolph posted:
Based on the 100% risk this account is currently running at the moment ...

.. it is likely gone now.

www.forexpeacearmy.com/forex-strategies/1358/fx_charger

Yes this is END. Update is off.

This is true for every martingale system sooner or later only blown account.

That is not true.

Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!

I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.

Let's talk facts about high-risk trading such as Gird and Martingale.

I also develop an EA based on the Martingale strategy(Which I never use on real account). I am here sharing backtest of the strategy which I backtested since 2003 on tickdata. Look at the equity curve consistent profit without losing any month. This backtesting works on multiple currency pairs. Look like a money-printing machine.

So what is the catch here?

The answer is that I curve fitted Entry, Exit and Risk in such a way that EA backtesting should survive downswing since 2003. But there is a high probability that account will crash on future data and drawdown can be easily surpassed in future.

It is very easy for me to sell this EA as a holygrail of Trading and earn easy money. But my conscience never allows it as I know at some point there will be only blown account. Remember you can earn 10000% but you can only lose 100% only.

If you are still not convinced then I can provide some statistical data to prove my point that there is no advantage of using high-risk idea such as martingale .

Based on my longyear journey it is everything but NOT EASY to develop a system (also an averaging one) that proves success for 15-20 years.

LongVision posted:
I don't know why Martingale Money Management is so popular in forex. There are other better Money Management Strategy such as Kelly Criterion exist. As per kelly Criterion your risk increase in the following case only-

1. Higher the winrate higher the risk per trade.
2. Higher the Reward/Risk ratio higher the risk per trade.

I am here sharing the backtest where risk is 50% of the kelly Criterion.No Grid, No Martingale and No average of an existing position



It is possible to earn money with simple MM without crash your accout.

Drolph posted:
A standard trading system with fixed SL and TP and positive risk/reward on each and every trade will have time periods where your balance will decrease constantly and you never know when the situation changes again. Something not everyone wants to live with, having several consecutive months losing money. Here, averaging provides an undisputable advantage.

LongVision posted:
I don't know why Martingale Money Management is so popular in forex. There are other better Money Management Strategy such as Kelly Criterion exist. As per kelly Criterion your risk increase in the following case only-

1. Higher the winrate higher the risk per trade.
2. Higher the Reward/Risk ratio higher the risk per trade.

I am here sharing the backtest where risk is 50% of the kelly Criterion.No Grid, No Martingale and No average of an existing position



It is possible to earn money with simple MM without crash your accout.

---

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