Funnel Trader Account 1 Diskussion

The EA is generating a huge DD atm do you also face this issue, since yesterday?

A friend of mine has been using this EA in 2014 . It used to be called Hedge King . This EA works perfectly fine under normal market conditions , however if unexpected events occur such as war etc... your account would have huge drawdown , even wiped out if not enough margins and so many trades open.

thanks for that usefull information TNguyen. Got yesterday a margin call...

baschi posted:
thanks for that usefull information TNguyen. Got yesterday a margin call...

What balance had you?

+ Verified account
+ Broker is ok
- DD to reward ratio is not best
- It is marti grid
07.11.2016 15:57 07.21.2016 12:38 NZDUSD Sell 0.05 0.72429 0.69992 243.7 121.32 9d 1.60%
07.14.2016 09:26 07.21.2016 12:38 NZDUSD Sell 0.10 0.72198 0.69990 220.8 219.94 7d 2.87%
07.11.2016 08:06 07.21.2016 12:38 NZDUSD Sell 0.01 0.72726 0.69990 273.6 27.28 10d 0.36%
07.12.2016 09:41 07.21.2016 12:38 NZDUSD Sell 0.13 0.72800 0.69988 281.2 364.24 9d 4.83%
07.11.2016 09:19 07.21.2016 12:38 NZDUSD Sell 0.02 0.72644 0.69990 265.4 52.87 10d 0.71%
07.12.2016 15:56 07.21.2016 12:38 NZDUSD Sell 0.09 0.73006 0.69990 301.6 270.53 8d 3.48%
07.12.2016 04:41 07.21.2016 12:38 NZDUSD Sell 0.08 0.72377 0.69990 238.7 190.14 9d 2.51%
07.11.2016 13:32 07.21.2016 12:38 NZDUSD Sell 0.03 0.72426 0.69990 243.6 72.77 9d 0.97%
07.11.2016 09:14 07.21.2016 12:38 NZDUSD Sell 0.01 0.72658 0.69987 267.1 26.63 10d 0.36%

This ea requires 3000 starting balance. It can be run with smaller but you need to adjust settings accordingly and it's not recommended. Right now I have the largest dd I ever had at about 1400 but I just added another 1000 so I have 4000 balance. I will ride it out. https://www.myfxbook.com/members/ryang123/funnel-trader-ic/1858515

ryang123 posted:
This ea requires 3000 starting balance. It can be run with smaller but you need to adjust settings accordingly and it's not recommended. Right now I have the largest dd I ever had at about 1400 but I just added another 1000 so I have 4000 balance. I will ride it out. https://www.myfxbook.com/members/ryang123/funnel-trader-ic/1858515

Your porftolio looks great The last closed order which I see is from 04.11, what hapenned?

baschi posted:

ryang123 posted:
This ea requires 3000 starting balance. It can be run with smaller but you need to adjust settings accordingly and it's not recommended. Right now I have the largest dd I ever had at about 1400 but I just added another 1000 so I have 4000 balance. I will ride it out. https://www.myfxbook.com/members/ryang123/funnel-trader-ic/1858515

Your porftolio looks great The last closed order which I see is from 04.11, what hapenned?

Thanks​! I'm very passionate about trading.
On my funnel account I accidentally opened an order ment for another account :/ It was a small position so I just closed it right away when I noticed. I have a mam (NJFX) and several other accounts so it can get a bit hectic!
 Also I did add more $ to my funnel account just in case. Last thing I need is another surprise from war I get stopped out. Market is starting to retrace so we should see profit on funnel sooner than later as long as we don't get Trump intervention again.

baschi posted:

ryang123 posted:
This ea requires 3000 starting balance. It can be run with smaller but you need to adjust settings accordingly and it's not recommended. Right now I have the largest dd I ever had at about 1400 but I just added another 1000 so I have 4000 balance. I will ride it out. https://www.myfxbook.com/members/ryang123/funnel-trader-ic/1858515

Your porftolio looks great The last closed order which I see is from 04.11, what hapenned?

I think I just saw what you were talking about and I appreciate it. My account NJFX was not uploading. Somehow the myfxbook robot came off the chart 😕 so I fixed it. Thank you!

ryang123 posted:

baschi posted:

ryang123 posted:
This ea requires 3000 starting balance. It can be run with smaller but you need to adjust settings accordingly and it's not recommended. Right now I have the largest dd I ever had at about 1400 but I just added another 1000 so I have 4000 balance. I will ride it out. https://www.myfxbook.com/members/ryang123/funnel-trader-ic/1858515

Your porftolio looks great The last closed order which I see is from 04.11, what hapenned?

I think I just saw what you were talking about and I appreciate it. My account NJFX was not uploading. Somehow the myfxbook robot came off the chart 😕 so I fixed it. Thank you!

No worries buddy. Send you a friend request but it isn't working could you do?

funneltrader posted:
It is an EA, not signals. There's a bunch you can get details here: www.funneltrader.com
Yes you can change accounts anytime.

Dear Mr. Lance Hunter,

thanks for helping us, writing here: appreciated. Could you confirm the EA will perform the backtests into the MT4?

Best regards.
/achab

This EA can not be back tested

Hi All,

A quick chime in about Funnel Trader.

I bar none feel Funnel Trader is one of the most stable EAs available. I have been running this product since the early days of it being released.

On live accounts I can fully confirm closely matched trades to the live published results made available by the EA creator Lance. This is not a trade copier as it functions independently from Lance's account, but you can see the same overall pattern of trades.

I would recommend starting with an account of 5K or more, and just be sure to follow the lot guidelines outlined in the manual, and with my experience I see no reason Funnel Trader will not deliver safe and stable profits for years to come.

May use some other EAs, and generate profits, but as time goes on I find myself rolling those profits into Funnel Trader, because I feel it is the safest place to park my money.

There are plenty of products that can blast out massive profits in a short time, but also lose them just as quickly. Funnel Trader is the tortoise is this race, and we all know, with a little patience, and compounding over time, this is how we all can eventually retire.

To that end, I highly recommend this product. And of course, Lance's support is excellent, and has always gotten back to me in a timely manner.

I agree. Best EA on market. You do need to add funds once in a while to cover drawdown but it's rare. Most I ever needed in my account was 4k. I keep at standard settings but am looking to increase settings to make more money with a larger account.

Has anyone changed settings from standard so that the system can produce more of a return? My take on it is keep it standard for a 3k account but if you go to a 30k account, you can basically add a zero to each of the positions. Would this be acceptable?

Yes, but within reason. Starting from the 100K settings I have a spreadsheet to adjust the lot size depending on the account size, and a multiplier value. Minus the Max Lot value, the lot size growth is the same for each progression. The 3K to 30K (when at 25K balance), 50K, and 100K, the lot risk vs balance is the same. So the config for the 3K to 30K has a start lot of 0.01. When the balance is 25K, you have the same risk as the 50K config, again, minus the max lot.

With a balance of $12.5K we are essentially running at twice the risk as a $25K balance, since is the same config. In looking at Lance's published account, since the beginning of the year his account was approx 10K, and at about $11.5K, where it has had only 6.32% DD (I think really closer to 10% from what I remember seeing). Similarly when the account was at ~6K, it was ~4x the risk of a $25K account, and 2x the risk of a ~$12k account. If we look at the max DD of the published account, it certainly came when the account was at its lowest levels... $5-7K.... and had a max DD of 34.46%. So historically, at the 2x risk, we would be looking at ~15% DD.

At this time, with Lance's $11.5K account, it is running in ~2x risk as compared to the base 25K account, that continues the same for a $50K and $100K account... again, minus the max lot value.

In looking historically at the published account, with a very low DD at the ~2x risk level (I saw it reach 10-12% DD since the new year) with the current balance of $11.5K balance as compared to $25K base risk level, I decided on a risk level of 1.5x with acceptable DD and available leverage, with hope of about 3% monthly growth for my larger long term account, and 2x risk for my lower balance short term account, hoping for ~4% per month.

At 1.5x risk in relation to the $100K settings, for an actual $50K account, it will have lot sizes equal to $75K, giving a start lot of 0.03. On my short term account, which is at $70K, I am using 2x risk multiplier, equivalent risk of a $140K account, giving me a start lot of 0.05 (between $62.5K and $75K), with a balance increment value of $12.5K. So when my account reaches $75K I will change the settings to follow the pattern with a start lot of 0.06.

Have attached the lots_tracker.xlsx for those interested. On the far right is the 100K baseline... leave that alone. There are two values in red.... your account balance, and the risk multiplier. These should be the only two values requiring changes depending on your account balance and risk. In light blue are the values you will enter in your config. In green is the account balance vs lot step... Step 1 means start lot of 0.01, Step 2 means start lot of 0.02, etc etc. There is the Equiv Risk balance value, and Per 0.01 Start Lot value on the top right. In doing the math do not go above 2x risk for account of leverage 1:50, or you could exhaust your margin in times of max DD/max lot. As your account grows you can adjust your settings to allow compounding to take place, with the same risk level.

Feel free to personal message me with any specific questions. It goes without saying... these are just my personal settings I have chosen. Please use your own careful judgement.

@todompoll

So, following your reasoning, the suggested balance of 3K need a multiplier risk factor above 8.0 (8.3333, actually): is it correct?

Nope....again, working backwards from the 100k config, where the start lot is 0.04....leaving a $25K account, with start lot of 0.01 at the 1x level:

A 3K account in relation to the standard settings, with start lot of 0.01 is already by default at the ~8x level.
An account of ~6k, with start lot of 0.01 is already by default at the ~4x level.
An account of 12.5k, with start lot of 0.01 is already by default at the 2x level.
and lastly as mentioned above,
An account of 25k, with start lot of 0.01 is by default at the 1x level.

Historically using the published funnel trader account, worse case scenario, if a $6k account reached the 34.46% DD, with the with start lot of 0.01 settings, a $3K account may have 70% DD. That is why I suggest starting with an account of $5k account, such to keep the DD < 50% assuming worse case scenario historically. It rarely reached that, and Funnel Trader is routinely running with lower DD than that, but always need to calculate to handle scenarios when trades need to grow the most.

Assuming your account leverage is at minimum 1:100, I personally would not trade anything beyond the 4x level. If you are trading at the 4x/~35% Historical DD level, with a start lot of 0.01 and a ~$6k account, once your account reaches $12.5k, you could up the settings to the 0.02 start lot level, giving an escalation sequence of 0.02, 0.02, 0.04, 0.06, 0.10, 0.16, etc. Even 4x is peddle to the metal for my liking, as mentioned above I am no more than the 2x level in my accounts, but I think the 4x level would give highest gains without blowing the account. Try not to be greedy though.... and at that risk level, trade with only what you can afford to lose.

todompoll posted:
Hi All,

A quick chime in about Funnel Trader.

I bar none feel Funnel Trader is one of the most stable EAs available. I have been running this product since the early days of it being released.

On live accounts I can fully confirm closely matched trades to the live published results made available by the EA creator Lance. This is not a trade copier as it functions independently from Lance's account, but you can see the same overall pattern of trades.

I would recommend starting with an account of 5K or more, and just be sure to follow the lot guidelines outlined in the manual, and with my experience I see no reason Funnel Trader will not deliver safe and stable profits for years to come.

May use some other EAs, and generate profits, but as time goes on I find myself rolling those profits into Funnel Trader, because I feel it is the safest place to park my money.

There are plenty of products that can blast out massive profits in a short time, but also lose them just as quickly. Funnel Trader is the tortoise is this race, and we all know, with a little patience, and compounding over time, this is how we all can eventually retire.

To that end, I highly recommend this product. And of course, Lance's support is excellent, and has always gotten back to me in a timely manner.

Why dont you publish such account to support your statement
...
On live accounts I can fully confirm closely matched trades to the live published results made available by the EA creator Lance
...