REV Trader PRO REAL (By revtraderpro)
| Gain : | +3474.7% |
| Drawdown | 24.25% |
| Pips: | 3809.5 |
| Trades | 938 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:400 |
| Trading: | Automated |
REV Trader PRO REAL Discussion
Nov 29, 2014 at 11:52
Hi Sunnyday,
I think you can go around 3% - 5% maximum. Within this range, your account will be safe, according to max loss so far. No pain, No gain. If you want to earn more profits, you have to accept more risks in case a trade is a loss.
Have a nice weekend !
James
I think you can go around 3% - 5% maximum. Within this range, your account will be safe, according to max loss so far. No pain, No gain. If you want to earn more profits, you have to accept more risks in case a trade is a loss.
Have a nice weekend !
James
Member Since May 20, 2011
724 posts
Nov 29, 2014 at 14:06
Sunnyday posted:FXtrader2010 posted:Sunnyday posted:
THERE IS NO FAST TRACK IN FX!
Why not? Given your account is large enough, you don't need to have just 1% I think.
all im saying is everyone is an individual and needs to find there own tolerance and acceptance for risk for themselves, depending on what their goals are, experience with risk managment and the money they are working with.
Dec 01, 2014 at 13:38
oh I just used a spreadsheet to simulate the maximum safe-risk possible..
Here are the detail I entered into the spreadsheet, it should be correct:
Win percentage=70%
Risk/Reward ratio=1
Capital=$200
It tried to risk up to 10% and still can't ruin the 'account'. BUT that is for single-open trade environment I believe.
Here are the detail I entered into the spreadsheet, it should be correct:
Win percentage=70%
Risk/Reward ratio=1
Capital=$200
It tried to risk up to 10% and still can't ruin the 'account'. BUT that is for single-open trade environment I believe.
Member Since May 20, 2011
724 posts
Dec 01, 2014 at 15:59
Sunnyday posted:as you can see the vendor used what looks like 100% whhen started. so, what does that say about a proverbial spreadsheet?
oh I just used a spreadsheet to simulate the maximum safe-risk possible..
Here are the detail I entered into the spreadsheet, it should be correct:
Win percentage=70%
Risk/Reward ratio=1
Capital=$200
It tried to risk up to 10% and still can't ruin the 'account'. BUT that is for single-open trade environment I believe.
Dec 02, 2014 at 07:35
Hi Sunnyday,
1. Just go for max risk per pair at 3% for Eurusd, 5% for NZDUSD and AUDUSD.
Forget about Gbpusd because if you look at past history / performance of live account of vendor, you will agree with me that this pair is not profitable, while rather risky.
2. You can go for maximum 7% for AUDUSD at the most.
DO NOT BECOME GREEDY when you see at certain times, the robot can win most of the times, because before winning a trade, it always has floating drawdown, which can blow out the account before the trade will become a winning trade.
BE DISCIPLINED ALL THE TIMES, and you will profit consistently from this ea.
TRADE WITH 3 PAIRS ONLY: AUDUSD at 5% - 7% max risk; NZDUSD at 5% max risk, and EURUSD at 3% max risk.
Hope you will report your testing results here for all of us to compare and discuss everything.
Have a nice day !
James
1. Just go for max risk per pair at 3% for Eurusd, 5% for NZDUSD and AUDUSD.
Forget about Gbpusd because if you look at past history / performance of live account of vendor, you will agree with me that this pair is not profitable, while rather risky.
2. You can go for maximum 7% for AUDUSD at the most.
DO NOT BECOME GREEDY when you see at certain times, the robot can win most of the times, because before winning a trade, it always has floating drawdown, which can blow out the account before the trade will become a winning trade.
BE DISCIPLINED ALL THE TIMES, and you will profit consistently from this ea.
TRADE WITH 3 PAIRS ONLY: AUDUSD at 5% - 7% max risk; NZDUSD at 5% max risk, and EURUSD at 3% max risk.
Hope you will report your testing results here for all of us to compare and discuss everything.
Have a nice day !
James
Member Since Nov 30, 2014
8 posts
Dec 02, 2014 at 07:42
I just purchased this EA, had another friend purchase it as well and we've both opened accounts with the recommended broker for US (FX Choice) with $2-3k each. I set the settings as recommended in the text file to handle up to 3 trades per pair with 70%+ win ratio it seems safe to go at it with this approach. But according to the vendor (could be wrong as communication on Skype isn't exactly responsive) he didn't use the money management at all. With a win ratio of 70%+ the odds were still his your favor, it was a gamble, sure, but it ended up paying off big time... If it's safer than a coin toss, it's safe enough for me, afterall, low risk = low reward.
<- His last message on skype
<- My current settings, once I find out if I should disable MM I'll make the appropriate changes. Will share my results soon.
<- His last message on skype <- My current settings, once I find out if I should disable MM I'll make the appropriate changes. Will share my results soon.
"I don't have a dream, I have a plan." - Spike Lee
Member Since Nov 30, 2014
8 posts
Dec 02, 2014 at 07:42
the odds were still in his favor*
"I don't have a dream, I have a plan." - Spike Lee
Member Since Oct 28, 2009
1430 posts
Dec 02, 2014 at 10:50
You can calculate it yourself. Use the custom analysis > Symbol selection.
Best regards Steve
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Nov 30, 2014
8 posts
Dec 02, 2014 at 10:55
Since this EA seems to do exceptionally well with AUD|USD and NZD|USD, I guess it could be used for those two pairs only and then use a different EA or a solid signal for GBP|USD and EUR|USD. I think that's what I'll end up doing.
"I don't have a dream, I have a plan." - Spike Lee
Member Since May 20, 2011
724 posts
Dec 02, 2014 at 19:42
(edited Dec 02, 2014 at 19:43)
justforexreviews posted:I am with pepperstone and my results in terms of entries and exits are pretty much the exact same give or take the few pips due to floating spread
Since this EA seems to do exceptionally well with AUD|USD and NZD|USD, I guess it could be used for those two pairs only and then use a different EA or a solid signal for GBP|USD and EUR|USD. I think that's what I'll end up doing.
Dec 03, 2014 at 08:08
What is the best broker to get similar results same as vendor. I tried ICM and Sensus both results are identical but different then vendor account synergy Fx. Let's figure out which broker has similar trades as vendor with minimum spread.
Member Since Nov 25, 2014
13 posts
Dec 03, 2014 at 08:17
Just signed up with FX-Choice. Does anyone currently using this EA have similar results to the vendor's account? Thanks.
Go where you are celebrated, not where you are tolerated!
Dec 03, 2014 at 10:56
Knight2000 posted:
Just signed up with FX-Choice. Does anyone currently using this EA have similar results to the vendor's account? Thanks.
you can check it out here:
https://www.myfxbook.com/forex-broker-spreads
be humble,wise and thanks the Lord for every pip you get and try to keep it!
Dec 03, 2014 at 11:03
Either sign up with Synergy Fx or FX choice, the only two recommended. Save yourselves the bother of finding a similar broker. I'm with Synergy and they seem fine, only thing is its in Australia and it takes a few days to send my deposit (banks for you, not broker fault). Way too early to draw conclusions on how my entries and exits differ tho. Will say so in a month. If your curios my last to exits were one minute before Doug's.
ps I wish the USD would take a breather, we are many hours from making the next batch of trades I feel, looking at the hour chart
ps I wish the USD would take a breather, we are many hours from making the next batch of trades I feel, looking at the hour chart
