Best Forex Robot - Account Doubler EA (By bestforexrobot1)
The user has made his system private.
Best Forex Robot - Account Doubler EA Discussion
Feb 07, 2015 at 07:57
Yes this EA made a killing profit and then lost all the profit and it caused around 12% loss this month.Let us see how it will survive the next few weeks.Hopefully it will help to recover all the big losses
There will always some good opportunities , just don't give up
Member Since Mar 18, 2014
20 posts
Feb 07, 2015 at 10:15
DID I NOT WARN YOU ALL???????????
Member Since Mar 18, 2014
20 posts
Feb 07, 2015 at 10:53
WHY DO YOU THINK THEY TRADE WITH SUCH LITTLE MONEY? BECAUSE THEY HAVE CONFIDENCE IN THEIR SYSTEM????
Feb 07, 2015 at 10:58
So here's how this EA works for those wondering:
every night at 00:00 (GMT+2) it opens 4 trades ( EURUSD, AUDUSD, EURAUD, GBPJPY), sometimes less. I'm not entirely sure if the entries are random or not.
more often than not , the trade will go against you 30 to 50 pips before it comes back. when it does go against you, the EA opens a new order in the same direction at a support/resistance level.
for example. here's a typical trade: it's 00:01, the EA opens a short on AUDUSD. sometimes the trade hits the TP with no drama. but usually it goes against you. for this scenario the trade goes against you 40 pips and the price is now near a resistance level. what the EA will do now is open a sell limit order at that level or just open a sell order directly at that level and move the TP on the first sell to Break-even +2 pips. so if it all goes well which it usually does you close both trades with 42+ pips in profit. great.
of course, if you have any common sense at all you can see the gaping flaw in this strategy. let me illustrate it for you using the EURUSD trades that the EA took this weekend:
- it's 00:00, EA opens a buy order on EURUSD, after a few hours the trade is at -30 pips.the EA then proceeds to put a buy limit order just bellow the current price, price hits the buy limit and now we're in 2 long trades for EURUSD. for a couple hours price goes up and things seem great. then the news hit sending the dollar flying and as a result the EURUSD falls. now does the EA close the trades and cut his losses or open trades in the other direction. no.the EA triples down and opens another long at the next support level hopping for a reversal. the reversal of course doesn't happen and the trades are finally closed with the account going from +50% to - 5%.
every night at 00:00 (GMT+2) it opens 4 trades ( EURUSD, AUDUSD, EURAUD, GBPJPY), sometimes less. I'm not entirely sure if the entries are random or not.
more often than not , the trade will go against you 30 to 50 pips before it comes back. when it does go against you, the EA opens a new order in the same direction at a support/resistance level.
for example. here's a typical trade: it's 00:01, the EA opens a short on AUDUSD. sometimes the trade hits the TP with no drama. but usually it goes against you. for this scenario the trade goes against you 40 pips and the price is now near a resistance level. what the EA will do now is open a sell limit order at that level or just open a sell order directly at that level and move the TP on the first sell to Break-even +2 pips. so if it all goes well which it usually does you close both trades with 42+ pips in profit. great.
of course, if you have any common sense at all you can see the gaping flaw in this strategy. let me illustrate it for you using the EURUSD trades that the EA took this weekend:
- it's 00:00, EA opens a buy order on EURUSD, after a few hours the trade is at -30 pips.the EA then proceeds to put a buy limit order just bellow the current price, price hits the buy limit and now we're in 2 long trades for EURUSD. for a couple hours price goes up and things seem great. then the news hit sending the dollar flying and as a result the EURUSD falls. now does the EA close the trades and cut his losses or open trades in the other direction. no.the EA triples down and opens another long at the next support level hopping for a reversal. the reversal of course doesn't happen and the trades are finally closed with the account going from +50% to - 5%.
Member Since May 20, 2011
724 posts
Feb 07, 2015 at 11:42
Either way if it closed trades before the news at loss or after before weekend, you all would have been bitching unless the news came out and eurusd went up to profit. So lets all just be grateful, I think what was done was the best idea, because holding over the weekend is MUCH riskier than holding over NFP. You just need to learn to take losses or change the risk setting. Nothing wrong with vendor here or EA.
Member Since Mar 18, 2014
20 posts
Feb 08, 2015 at 07:33
boxel posted:
I will continue using the EA for the month and see how it goes. but I hope the vendors learn from this and try to get out quicker when high volatility news is around the corner.
That's NOT going to happen. This is their strategy like it or not. I TOLD you all already= This is Chartered Forex Robot and Profit Empire bot rehashed.
All goes well for awhile and then bang multiple pairs in that triple drawdown and your account is DEVASTATED.
But people don't listen....
Remember the definition of insanity...............
Member Since Oct 23, 2010
198 posts
Feb 10, 2015 at 16:09
They guys seem learned from Chartered Forex Robot and Profit Empire Robot....I know they are all about the same person...But as long as they learned the lesson from their previous mistakes and improving their trading style, It's fine..!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Member Since May 20, 2011
724 posts
Feb 10, 2015 at 16:44
ahmedfouad posted:What are you talking about !?!? Nonsense! I have been getting awesome results with this EA, and the support is amazing!
They guys seem learned from Chartered Forex Robot and Profit Empire Robot....I know they are all about the same person...But as long as they learned the lesson from their previous mistakes and improving their trading style, It's fine..!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Member Since Oct 23, 2010
198 posts
Feb 10, 2015 at 16:46
(edited Feb 10, 2015 at 16:51)
FXtrader2010 posted:ahmedfouad posted:What are you talking about !?!? Nonsense! I have been getting awesome results with this EA, and the support is amazing!
They guys seem learned from Chartered Forex Robot and Profit Empire Robot....I know they are all about the same person...But as long as they learned the lesson from their previous mistakes and improving their trading style, It's fine..!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Why you are so aggressive against my post...?! Did I say something bad about this EA...? Read it again and tell me what did you understood...! I said they learned from their previous mistakes in their last two EAs...I can see the difference in their trading style...quite similar but they improved alot...
Anybody else tried it...?
Feb 10, 2015 at 21:44
ahmedfouad posted:FXtrader2010 posted:ahmedfouad posted:What are you talking about !?!? Nonsense! I have been getting awesome results with this EA, and the support is amazing!
They guys seem learned from Chartered Forex Robot and Profit Empire Robot....I know they are all about the same person...But as long as they learned the lesson from their previous mistakes and improving their trading style, It's fine..!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Why you are so aggressive against my post...?! Did I say something bad about this EA...? Read it again and tell me what did you understood...! I said they learned from their previous mistakes in their last two EAs...I can see the difference in their trading style...quite similar but they improved alot...
Anybody else tried it...?
Guys, the EA will do its job and sometimes take a loss.. thats just how it is.. you need to have your own strategy in place to deal with these things.. 100% return in a month is just ridiculous, so will it go bang.. probably.. just be ready for it.. withdraw profits regularly!!
The owners of the ea are not responsible for your money! YOU ARE!!
support has been amazing.. best i have come across..
Member Since Mar 18, 2014
20 posts
Feb 10, 2015 at 22:14
ahmedfouad posted:FXtrader2010 posted:ahmedfouad posted:What are you talking about !?!? Nonsense! I have been getting awesome results with this EA, and the support is amazing!
They guys seem learned from Chartered Forex Robot and Profit Empire Robot....I know they are all about the same person...But as long as they learned the lesson from their previous mistakes and improving their trading style, It's fine..!!
Any body here subscribed with them and getting the same trades as theirs...!?!!
Why you are so aggressive against my post...?! Did I say something bad about this EA...? Read it again and tell me what did you understood...! I said they learned from their previous mistakes in their last two EAs...I can see the difference in their trading style...quite similar but they improved alot...
Anybody else tried it...?
Watch it with guys like FXtrader2010. A lot of these vendors have affiliates or people they know. As you can see he doesn't seem very objective in his responses....
Maybe they did learn something but from what I've been told they have learned little. They doubled up on lot sizes to try and recuperate quicker. Imagine if those trades went bad.....
VERY risky trading.
Feb 11, 2015 at 07:32
Hey all. I have also just started using this service. Very impressed with the support if I may say. Very fast and courteous. The debacle of last week definitely set me back a little. I had my settings to quite high risk. So my experience was particularly harrowing. So far, has done very well recovering though. Lets see how it keeps doing though.
https://www.myfxbook.com/members/Cardm3n/acountdoubler/1148557
https://www.myfxbook.com/members/Cardm3n/acountdoubler/1148557
