Tom'sEa WPFX LIVE (By TomsEaWPFXlive)
The user has deleted this system.
Tom'sEa WPFX LIVE Discussion
Feb 07, 2012 at 16:26
chrissav posted:
tradingshed posted:
chrissav posted:
Hi All
Anyone else stuck in no mans land with this gbp/usd trade??
Tell me about it. I am ok with DD levels as EURUSD is no longer a problem and my charts are deactivated but I will be happy to see the back of this GBPUSD.....
Still ongoing. Have minimum set up now setting 1 on gbp /usd DD currently a 45%. It doesn't know which way to go. Not lost any more money yet, but also not made any. Hoping this goes down soon, so i can switch back to eur/usd only.
Yep, me too - everything's at RL1 - but unfortunately I'm still locked into EUR/USD, having missed the 3033 exit. Another fine piece of timing from Bernanke and my second stop since entering the market with TEA got taken out in the space of an hour as the EUR/USD went vertical... And if Cable hits 1.6000 I'm looking at some increasing hits as another 3 stops get hit on the way there - bet it's no fun for you guys either.
EUR/USD just hit the 1.3260 resistance and it looks like there might be a fight going on at that level, but who knows? The pundits can talk about the market responding favourably to a Greek deal, but who really expects anything long-lasting from there that would bolster such a troubled currency? The travesty of all of this is that the Euro will probably drop like a stone over the next 3 months.
Sorry, I'm rambling now 'cos I'm hacked off with this too. Never been stuck in trades for weeks on end like this. It's nuts.
Member Since Nov 06, 2011
181 posts
Feb 07, 2012 at 16:52
I am sure Bernanke must have a massive long position in GBPUSD...........
Member Since Nov 06, 2011
181 posts
Feb 07, 2012 at 17:39
Everything on my side is deactivated, just waiting for this thing to work itself, I will hedge where I feel is necessary, we have all been there before....damn Bernanke.
Feb 07, 2012 at 17:43
chrissav posted:
tradingshed posted:
chrissav posted:
Hi All
Anyone else stuck in no mans land with this gbp/usd trade??
Tell me about it. I am ok with DD levels as EURUSD is no longer a problem and my charts are deactivated but I will be happy to see the back of this GBPUSD.....
Still ongoing. Have minimum set up now setting 1 on gbp /usd DD currently a 45%. It doesn't know which way to go. Not lost any more money yet, but also not made any. Hoping this goes down soon, so i can switch back to eur/usd only.
There's another -600 pip trade taken out. Geting worried about this now. Now at almost 65% DD
Member Since Nov 06, 2011
181 posts
Feb 07, 2012 at 17:51
(edited Feb 07, 2012 at 17:52)
....to add insult to injury, I have just voluntarily paid the $97.00 renewal fee for this thing! 😲
Am I an adrenaline junkie?
All that we need now is good news out of Greece and equity will start melting
Am I an adrenaline junkie?
All that we need now is good news out of Greece and equity will start melting
Feb 07, 2012 at 21:08
PocketGuy posted:
chrissav posted:
tradingshed posted:
chrissav posted:
Hi All
Anyone else stuck in no mans land with this gbp/usd trade??
Tell me about it. I am ok with DD levels as EURUSD is no longer a problem and my charts are deactivated but I will be happy to see the back of this GBPUSD.....
Still ongoing. Have minimum set up now setting 1 on gbp /usd DD currently a 45%. It doesn't know which way to go. Not lost any more money yet, but also not made any. Hoping this goes down soon, so i can switch back to eur/usd only.
Yep, me too - everything's at RL1 - but unfortunately I'm still locked into EUR/USD, having missed the 3033 exit. Another fine piece of timing from Bernanke and my second stop since entering the market with TEA got taken out in the space of an hour as the EUR/USD went vertical... And if Cable hits 1.6000 I'm looking at some increasing hits as another 3 stops get hit on the way there - bet it's no fun for you guys either.
EUR/USD just hit the 1.3260 resistance and it looks like there might be a fight going on at that level, but who knows? The pundits can talk about the market responding favourably to a Greek deal, but who really expects anything long-lasting from there that would bolster such a troubled currency? The travesty of all of this is that the Euro will probably drop like a stone over the next 3 months.
Sorry, I'm rambling now 'cos I'm hacked off with this too. Never been stuck in trades for weeks on end like this. It's nuts.
If cable hits 1.6000 this one trade on setting one will wipe out my 3500 dollar account. Will. not be happy.
Member Since Nov 06, 2011
181 posts
Feb 07, 2012 at 21:12
forexpipmaker posted:
.........What I did was Stopped EA trading, and been re-entering the largest lot with 15 pip trailing stop. Rather effective and limiting risk at the same time.
Sounds good. What you mean is you have stopped the EA and added a 15p trailing stop to your existing large positions?
As far as I can see, at this stage the EA is not managing anything anymore, we have passed that point. Is not moving the TP higher, it does not seem to add anymore after the 2nd 0.21 and is just hoping for a reversal. It is just hedging 0.01 on the way up. Do you think the way forward is to manually manage what we have and limit losses?
Member Since Nov 06, 2011
181 posts
Feb 07, 2012 at 21:19
chrissav posted:
If cable hits 1.6000 this one trade on setting one will wipe out my 3500 dollar account. Will. not be happy.
Sorry chris, is nor IF but WHEN.
I know I have lost money hedging before but this rally is unstoppable.
I regret not having taken minor losses a few days ago. I was very tempted and I could have gone away with a small %.
Well , what do you know. Hedging on the way up is all I can think of to manage this.
We are @ resistance now and if it breaks through, I don't have anything else to stop it until about 1.6120
Feb 07, 2012 at 22:00
Like I mentioned earlier this should only have been marketed to anyone with st least 10 k account. The original marketing on the trial suggested 2.5k, that would have been blown by now. Thinking of asking for refund due to this . Mind you won't be holding my breath!
I can take the loss just get really annoyed when this could have been averted if the developers where honest with the capital what's needed instead of people like me being taken for a ride yet again !
Hope dustin will pop in, as since draw downs nothing
I can take the loss just get really annoyed when this could have been averted if the developers where honest with the capital what's needed instead of people like me being taken for a ride yet again !
Hope dustin will pop in, as since draw downs nothing
Feb 08, 2012 at 02:03
(edited Feb 08, 2012 at 02:03)
Here's what i got from my note-pad from Dustin when he posted here recently:
'I have a variety of accounts that i trade and they range in risk.
I have two accounts in particular that have about
***8k in each of them and I trade both of them at a RL of 2 and that gets me about 5% a month***
and I have never experienced a draw down that concerned me.
Keep in mind that since the minimum lot size is .01 that under 10k the drawdown per RL
will be the same dollar amount no matter what your account size.
So if you are at RL 1 and have 10k and see a 600 dollar draw down .
Everyone else trading with 10k or less and using rl1 will have a similar drawdown even if they have a 3k account.
Obviously a 3k account is going to be a larger percentage drawdown so it would impact that account more.
I hope this explanation assists everyone in choosing a Risk Level.'
---------
i see a -ve hamonic on M30 for G/U. hope it works better for this pair
'I have a variety of accounts that i trade and they range in risk.
I have two accounts in particular that have about
***8k in each of them and I trade both of them at a RL of 2 and that gets me about 5% a month***
and I have never experienced a draw down that concerned me.
Keep in mind that since the minimum lot size is .01 that under 10k the drawdown per RL
will be the same dollar amount no matter what your account size.
So if you are at RL 1 and have 10k and see a 600 dollar draw down .
Everyone else trading with 10k or less and using rl1 will have a similar drawdown even if they have a 3k account.
Obviously a 3k account is going to be a larger percentage drawdown so it would impact that account more.
I hope this explanation assists everyone in choosing a Risk Level.'
---------
i see a -ve hamonic on M30 for G/U. hope it works better for this pair
Feb 08, 2012 at 07:24
lobotomy8 posted:
this EA is very dangerous. BTW, how developer can claim trades are fully automated if you guys keep manually managing trades, trailing stop, TPs etc ??? If I buy a robot I do expect it to do this job
Why do you think this EA very dangerous? Could you explain that? And the trades are fully automated. If someone is manually managing trades they don't have faith in the system... 😄
Feb 08, 2012 at 08:59
Anton44 posted:
lobotomy8 posted:
this EA is very dangerous. BTW, how developer can claim trades are fully automated if you guys keep manually managing trades, trailing stop, TPs etc ??? If I buy a robot I do expect it to do this job
Why do you think this EA very dangerous? Could you explain that? And the trades are fully automated. If someone is manually managing trades they don't have faith in the system... 😄
Hi Anton
I feel this is only dangerous if you don't have enough capital of at least $10K, which when sold to us was conveniently left out of the marketing. Otherwise over the long term i feel for small gains this is a decent ea. All depends if you are happy to see a large DD for a .5% gain.
As mentioned original marketing email before purchase Dustin and developers suggested $2500 which is a joke.
Unsure whether the version 1.89 as traded differently from the 1.88, as all this coincides with losing the website etc..
forex_trader_53345
Member Since Nov 13, 2011
53 posts
Feb 08, 2012 at 09:42
Interested to know where the blog and support channels went as well.
I am in a crippling position with trades on EUR and GBP...no consolidation and long trends is a killer for this EA.
I am in a crippling position with trades on EUR and GBP...no consolidation and long trends is a killer for this EA.
Member Since Nov 06, 2011
181 posts
Feb 08, 2012 at 10:24
When we say that there is no support, have we tried emailing? I know it sucks that the forum has gone and there does not seem to be any live support but Ivan is normally quick with emails.
For those on UK spreadbetting (and maybe other brokers) if you open a hedge, your margin available will jump by several hundred's % and protect you from further up moves. Of course, you might lose some money on the hedging position but you may stay in the game long enough for the reversal to take place.
For those on UK spreadbetting (and maybe other brokers) if you open a hedge, your margin available will jump by several hundred's % and protect you from further up moves. Of course, you might lose some money on the hedging position but you may stay in the game long enough for the reversal to take place.
Feb 08, 2012 at 10:35
(edited Feb 08, 2012 at 10:36)
tradingshed posted:
When we say that there is no support, have we tried emailing? I know it sucks that the forum has gone and there does not seem to be any live support but Ivan is normally quick with emails.
For those on UK spreadbetting (and maybe other brokers) if you open a hedge, your margin available will jump by several hundred's % and protect you from further up moves. Of course, you might lose some money on the hedging position but you may stay in the game long enough for the reversal to take place.
I echo tradingshed's question. Currently, Support seems a little 'pre-occupied' with the issues they have addressing how the EA is handling the current situation (clearly there's some further development in the pipeline), but I'm getting a 36/48-hour response turnaround from e-mails.
That said, given the absence of the Forum, Live Chat, etc., that Dustin said in a prior e-mail would be up-and-running 'soon', perhaps the Team should simply switch its focus and feedback to here until everything's back to normal. Over to you, Dustin...
