FXCharger (By forexstore)
The user has made his system private.
FXCharger Discussion
Member Since Feb 20, 2018
2 posts
May 03, 2018 at 12:23
Thanks for the answer Wayne and MicF :)
May 04, 2018 at 12:18
WayneO posted:
Hi Herden
It is runing on this account, but with another EA and a Signal service;
https://www.myfxbook.com/members/WayneO/gomarkets/2441071
Below is an extract of the trades from FXCharger for this month. As noted in an earlier post, this EA is slow and it is a martingale, but only goes 4 positions agaonst the trend with some serious multiplying, but so far so good for me.
The drawdown on the account is no way connected with the EA, it is from a bad call for JPY from the signal service.
Thanks Wayne!
So just for me to know, how can I isolate the trades you are making with Fxcharger from your other EAs, signals, manual trades?
Thanks
Life is like a box of trades, you never know what you are going to get.
May 04, 2018 at 13:01
Hi Herden
Unfortunatly you cant with the current system. It would mean me having to open my trades to all and that is then where people would start to copy my trades. While I dont sell a signal service on this site, I do have a service elsewhere and I would not like to have that compromised by any of my test accounts as some trades are replicated.
I am however happy to show you the trades as I have below or save them to excel and post on a weekly basis if that will help?
Sorry
Wayne
Unfortunatly you cant with the current system. It would mean me having to open my trades to all and that is then where people would start to copy my trades. While I dont sell a signal service on this site, I do have a service elsewhere and I would not like to have that compromised by any of my test accounts as some trades are replicated.
I am however happy to show you the trades as I have below or save them to excel and post on a weekly basis if that will help?
Sorry
Wayne
Herden posted:WayneO posted:
Hi Herden
It is runing on this account, but with another EA and a Signal service;
https://www.myfxbook.com/members/WayneO/gomarkets/2441071
Below is an extract of the trades from FXCharger for this month. As noted in an earlier post, this EA is slow and it is a martingale, but only goes 4 positions agaonst the trend with some serious multiplying, but so far so good for me.
The drawdown on the account is no way connected with the EA, it is from a bad call for JPY from the signal service.
Thanks Wayne!
So just for me to know, how can I isolate the trades you are making with Fxcharger from your other EAs, signals, manual trades?
Thanks
It's amazing what you can accomplish if you don't care who gets the credit.
May 06, 2018 at 06:07
WayneO posted:
Hi Herden
Unfortunatly you cant with the current system. It would mean me having to open my trades to all and that is then where people would start to copy my trades. While I dont sell a signal service on this site, I do have a service elsewhere and I would not like to have that compromised by any of my test accounts as some trades are replicated.
I am however happy to show you the trades as I have below or save them to excel and post on a weekly basis if that will help?
Sorry
Wayne
That would be great, many thanks Wayne!!
Life is like a box of trades, you never know what you are going to get.
May 06, 2018 at 06:10
BTW, I think there's a lot of interest in FXCharger -and from what I see- your experience as well with this group of EA traders:
https://forexinforum.com/forum/index.php?threads/fxcharger-ea-any-thoughts.334/
Maybe you want to share your thoughts with them as well?
https://forexinforum.com/forum/index.php?threads/fxcharger-ea-any-thoughts.334/
Maybe you want to share your thoughts with them as well?
Life is like a box of trades, you never know what you are going to get.
May 06, 2018 at 06:54
You are welcome to share any comments I make here with that forum. 😄
Right now I have a few forums I am a member of and am pretty sure I do not have the time to get involved in a forum discussion regarding this EA.
Fact is, given what I know now and even though this EA has been profitable till now on my test account, I would not purchase it if it presented itself again.
It is just too slow to realise profits for me, but having said that, given what I have seen to date and if I was in my 20's, I'd buy this EA, put it on a £1000 account, leave it alone to compound for 30 years and my retirement would be sorted trading lot size set by % of equity?
And to the people out there that continually shout martingale, this will at some stage have losses, agreed, but the current version in it's configuration should not ever kill your account.
Right now I have a few forums I am a member of and am pretty sure I do not have the time to get involved in a forum discussion regarding this EA.
Fact is, given what I know now and even though this EA has been profitable till now on my test account, I would not purchase it if it presented itself again.
It is just too slow to realise profits for me, but having said that, given what I have seen to date and if I was in my 20's, I'd buy this EA, put it on a £1000 account, leave it alone to compound for 30 years and my retirement would be sorted trading lot size set by % of equity?
And to the people out there that continually shout martingale, this will at some stage have losses, agreed, but the current version in it's configuration should not ever kill your account.
Herden posted:
BTW, I think there's a lot of interest in FXCharger -and from what I see- your experience as well with this group of EA traders:
https://forexinforum.com/forum/index.php?threads/fxcharger-ea-any-thoughts.334/
Maybe you want to share your thoughts with them as well?
It's amazing what you can accomplish if you don't care who gets the credit.
May 06, 2018 at 07:37
I have found that the best solution is to have a range of EA's that have different styles of strategies to help with the equity curve, so long as they have proved at first in a true backtest to have a chance and then on a LIVE demo, from there I would then go Live.
IS true what Waynes said with the setting to set a risk on your account this would not blow up your account but could erode over time possibly if it continually had the losing jumps. I currently have 4 EA's that I have happily gone live with and run another 5 including FX Charger on Live Demo's. All EA's are backtested before wasting my time and efforts on Live testing.
I also hav e1 I have my eye on but that is for the future if I decide to go ahead with the purchase of it.
Like Wayne says Charger is slow due to the length its trades can be open for and the lot sizes due to the fact it is a martingale type, BUT you can customize your settings to get away from that if preferred which is better than some EA's I have seen where those options aren't available.
Cheers
Greg
IS true what Waynes said with the setting to set a risk on your account this would not blow up your account but could erode over time possibly if it continually had the losing jumps. I currently have 4 EA's that I have happily gone live with and run another 5 including FX Charger on Live Demo's. All EA's are backtested before wasting my time and efforts on Live testing.
I also hav e1 I have my eye on but that is for the future if I decide to go ahead with the purchase of it.
Like Wayne says Charger is slow due to the length its trades can be open for and the lot sizes due to the fact it is a martingale type, BUT you can customize your settings to get away from that if preferred which is better than some EA's I have seen where those options aren't available.
Cheers
Greg
May 07, 2018 at 10:37
Hello,
I`m new here at this discussion. I follow fxcharger for a couple of months here at myfxbook and at signalstart.com
https://www.signalstart.com/analysis/fxcharger/27237
According to the print screens attached, can anyone tell me what happened with this EA at the and of last week ? and why these results are not showing in myfxbook ?
Thanks !
I`m new here at this discussion. I follow fxcharger for a couple of months here at myfxbook and at signalstart.com
https://www.signalstart.com/analysis/fxcharger/27237
According to the print screens attached, can anyone tell me what happened with this EA at the and of last week ? and why these results are not showing in myfxbook ?
Thanks !
Attachments:
May 07, 2018 at 14:17
bluboy posted:
I have found that the best solution is to have a range of EA's that have different styles of strategies to help with the equity curve, so long as they have proved at first in a true backtest to have a chance and then on a LIVE demo, from there I would then go Live.
IS true what Waynes said with the setting to set a risk on your account this would not blow up your account but could erode over time possibly if it continually had the losing jumps. I currently have 4 EA's that I have happily gone live with and run another 5 including FX Charger on Live Demo's. All EA's are backtested before wasting my time and efforts on Live testing.
I also hav e1 I have my eye on but that is for the future if I decide to go ahead with the purchase of it.
Like Wayne says Charger is slow due to the length its trades can be open for and the lot sizes due to the fact it is a martingale type, BUT you can customize your settings to get away from that if preferred which is better than some EA's I have seen where those options aren't available.
Cheers
Greg
Hi Greg, can you say what EAs you are using successfully, and which one you have your eye on?
Also thanks of discussion. Is the account owner replying?
May 08, 2018 at 00:25
(edited May 08, 2018 at 00:27)
G'day Stead,
EA Happy Gold is one I am keeping an eye on as I do not run anything on commodities like Gold as of yet
Which Account owner are you referring to???
As for Live I rather not say here but you can PM me if you like mate.
Cheers
Greg
EA Happy Gold is one I am keeping an eye on as I do not run anything on commodities like Gold as of yet
Which Account owner are you referring to???
As for Live I rather not say here but you can PM me if you like mate.
Cheers
Greg
Member Since Apr 06, 2018
254 posts
May 08, 2018 at 06:17
RoboFX123 posted:Taciano posted:
Hello,
I`m new here at this discussion. I follow fxcharger for a couple of months here at myfxbook and at signalstart.com
https://www.signalstart.com/analysis/fxcharger/27237
According to the print screens attached, can anyone tell me what happened with this EA at the and of last week ? and why these results are not showing in myfxbook ?
Thanks !
This is easy why not showing result in myfxbook. Because the vendor stopped updating!!!
Don't waste your money on risky money management strategy such as Martingale because in Short-term It is possible to do well with martingale over a short number of trades but Long-term means account destruction. Eventually, you will hit a losing streak that will wipe you out. It may happen in the first week, or it may take a few months or a few years. Rest assured, it will happen. It is a mathematical certainty.
Now vendor stops updating myfxbook account if he will lucky he may recover his loss but another losing streak he will be out of business.
The market will trade through it’s path of least resistance .
May 09, 2018 at 07:16
I guess expanding my original question is to ask if Autolot=true the first trade size will start at a calculated lot, there is no other setting for this just calculated internally? or its always starts with 0.01 lots??
Do I understand the Maximum Risk setting is only for the SL? or is that connected to the initial lot size calculation??
(confuse)
Did the vendor stop myfxbook but same account is on signalstart?? (he is not commenting here)
Also it seems like it opening opposite trades at the same time these days, is that normal as per other users' experience?
cheers
Stead
Do I understand the Maximum Risk setting is only for the SL? or is that connected to the initial lot size calculation??
(confuse)
Did the vendor stop myfxbook but same account is on signalstart?? (he is not commenting here)
Also it seems like it opening opposite trades at the same time these days, is that normal as per other users' experience?
cheers
Stead
Member Since Jul 26, 2010
88 posts
May 09, 2018 at 13:17
Hey all
Forget this ea, the day come to loose around 7000$ third of the balance so the risk is always greater than the rewards
Forget this ea, the day come to loose around 7000$ third of the balance so the risk is always greater than the rewards
yes
May 09, 2018 at 20:02
I don't want to defend the ea, as I'm also just a user.
The lotsizes in the myfxbook didn't change.
And my account is healthy.
The max risk controls the stop loss, not the lot size
i.e. lower risk setting equals higher chance to loose.
So 100% risk means lower risk to have loosing trade, but if you have it will be final.
The lotsizes in the myfxbook didn't change.
And my account is healthy.
The max risk controls the stop loss, not the lot size
i.e. lower risk setting equals higher chance to loose.
So 100% risk means lower risk to have loosing trade, but if you have it will be final.
Member Since Jul 26, 2010
88 posts
May 10, 2018 at 00:35
If risk equal 100, you will loose all your fund
If the risk is 50 , you will loose half of your fund
If the risk is 10, you will loose tenth of your fund
If the risk is 1, you will loose 1% of your fund
And the risk is always greater than the reward so this ea is bad
So take care
If the risk is 50 , you will loose half of your fund
If the risk is 10, you will loose tenth of your fund
If the risk is 1, you will loose 1% of your fund
And the risk is always greater than the reward so this ea is bad
So take care
yes
May 10, 2018 at 08:08
Sorry if you’re u think I should find out through experimentation,
but can anyone tell me?
I think now that EA on Automatic lot size setting, will always start initial trade
on 0.01; 0.1; or 1.0, depending on balance, is that correct?
Or is the Manual lot setting only way to change the starting lot?
Or is the Manual lot place to select 0.01;0.1 (microlot, minilot or lot) etc for start?
Not looking for amateur answers! And btw does anyone now if this is on fxblue??
cheerio
but can anyone tell me?
I think now that EA on Automatic lot size setting, will always start initial trade
on 0.01; 0.1; or 1.0, depending on balance, is that correct?
Or is the Manual lot setting only way to change the starting lot?
Or is the Manual lot place to select 0.01;0.1 (microlot, minilot or lot) etc for start?
Not looking for amateur answers! And btw does anyone now if this is on fxblue??
cheerio
