LUX (By MarcellusLux)
| Gain : | +33148.17% |
| Drawdown | 13.78% |
| Pips: | 16679.7 |
| Trades | 558 |
| Won: |
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| Lost: |
|
| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Unknown |
LUX Discussion
Dec 02 at 12:37
Hi everybody,
The most important thing is that the system stopped updating on October 21st. This clearly means:
1.- They have withdrawn everything and have stopped working with the account.
2.- They have lost everything and have therefore not made any more transactions.
3.- They have disappeared without a trace.
Anyway, whatever the reason, it is certainly not positive.
The results were spectacular but like everything in this sector, they have a lifespan.
The most important thing is that the system stopped updating on October 21st. This clearly means:
1.- They have withdrawn everything and have stopped working with the account.
2.- They have lost everything and have therefore not made any more transactions.
3.- They have disappeared without a trace.
Anyway, whatever the reason, it is certainly not positive.
The results were spectacular but like everything in this sector, they have a lifespan.
Member Since Aug 19, 2021
246 posts
Dec 02 at 14:04
Oh the fact that account is not updated is simple for me why attract attention if it in losses? For what for someone gives ‘expert’ opinions about that? Especially those who even without understanding come just to say something. And yes, this is forex guys, no one has a holy grail. LOL
Dec 02 at 17:39
Naqh posted:It all sounds nice, but how you got to the ea point? I see no criteria of using eaRaven1209 posted:It's not about the drawdown that need to be considered about. Yes, we can never get rid the drawdown, but what you need to highlight is this is an EA not Manual Trades, everything that run on system will never always going as what you planning. If you doing manual trades you have 100% informations, because you are the one who planning it and you must be have a better recovery strategies. But with EA, even if its already running in several years, sometimes we can categorized it as a success system but this one is strong No!. There is no mitigation or new development that he do after several years of testing, he not learned about what is going on at the past, he always do the same mistakes, he very welcome with the big drawdown and his only recovery strategy is hoping the price to going back to his position direction and deposits more. I really understand about drawdown and risks, but this author is really terrible. There is no proper strategy to prevent more bigger drawdown or to prevent trades stay too long in the market.WhiteWitcher posted:Couldn’t have said it better myself. Honestly, I’m tired of these forum “experts” spouting nonsense about trading when the most they’ve probably done is open and close a couple of trades on a demo account.inso posted:Oh any forex account suffers a drawdown sooner or later, that's an axiom. We are talking about the forex market here, the riskiest market. You are either a fantastic trader who is never suffered a drawdown (of course not) or just a newbie forum user who only knows about trading from posts. LOL.
Same story over and over again... I was watching this account because my friend and I made a bet when the account would burn through, whether at 30 mil or 50 mil.
Someone once said. People aren't stupid. They're dumber than you think.
Remember this is EA not manual trades.
Drawdown Percentage is just a number, don't get too hung up on it. If observing EA or system you need to see how is the accuracy and recovery strategy. When i mention about recovery strategy, i mention about how the EA mechanism to closing early to prevent bigger loss. Because drawdown % is only ratio. You need to considered about EA strategy, not only drawdown, growth, etc.
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