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Brendan777
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Profit Empire Robot
in
Trading Systems
Apr 16, 2014 at 09:57
@HHD Duly noted, my instincts told me to get out yesterday as well actually, but I held back due to the records of PER. Now that EUR is back to 1.384, I guess I should have went with my instincts. Not sure what is making the dollar weak, most of the data have been USD positive, guess this needs to be waited out
Profit Empire Robot
in
Trading Systems
Apr 16, 2014 at 07:09
Hi PER,EUR is back to 1.383, what do you say now? It may have been a good idea to close the trades when they were in profit yesterday, now everyone is dragging around 8 trades and over leveraged on EUR. If European and NY sessions bring up the prices further, then we'll be back close to where we were before.
Profit Empire Robot
in
Trading Systems
Apr 14, 2014 at 19:08
PER,Monday is now almost finished and we have not closed these trades, prices seem to have found support at 1.3820. What is your assessment of the current situation?
Profit Empire Robot
in
Trading Systems
Apr 11, 2014 at 08:47
@HHD have you had a chance to look at relative DD in relation to the number of trade levels? E.g., what DD did it reach for 7-9 baggers?
Profit Empire Robot
in
Trading Systems
Apr 11, 2014 at 08:47
Actually, if you look at the trend path on the D1 time frame, you will see that EUR has a good chance to hit 1.40, which is another 100 pips away. I am sorry to say, but chances of blowing up accounts are increasing fast. Perhaps we should refrain from calling this system risk-free, I am sure Allah doesn't like us to boast.
Profit Empire Robot
in
Trading Systems
Apr 10, 2014 at 19:03
Euro is at 1.38905, the first trade entry is at 1.37439, that's close to 150 pips with 7 positions in between. PER tells us that the correction is coming on Friday or Monday, please provide us with your reasoning? The larger trend all points towards continuing going up, how are you so sure of this??
Profit Empire Robot
in
Trading Systems
Apr 10, 2014 at 19:02
The larger trend right now is going up, there are pullbacks during the Asian sessions but they are all smaller than the advances of the European and NY sessions. This really doesn't look good, and if the EA keep adding positions and the trend continues, the blow up of the account is definitely a possibility. If the EA opens another position (the 8th one), then I'll be VERY worried. I don't care about big profit at this point, I just want to make it out of this one alive. At this point, it's not looking very good.
Profit Empire Robot
in
Trading Systems
Apr 10, 2014 at 07:17
Seven trades, I am getting a bit worried now...
Profit Empire Robot
in
Trading Systems
Apr 07, 2014 at 12:08
@checkraise Before opening an account at IC Markets, you may want to join cashbackforex first so you get rebates on every trade you make.
Profit Empire Robot
in
Trading Systems
Apr 04, 2014 at 22:24
I would suggest opening an account in another country without the draconian US rules, which admittedly, was probably implemented in the first place because the boys from Wall Street messed around with the market too much. In any case, it would probably be much faster than waiting for a revised EA, which this really isn't but more of a signal service.
sPhantom Auto Trader
in
Trading Systems
Mar 31, 2014 at 19:50
A hint for you newbie SP users, sometimes when facing deep DD, you need to set your own level 3, 4, 5, and etc. for retracements (SP only sets 2 levels, woefully inadequate). That's how I got out of the current mess, and probably the same way Ken did it.
Profit Empire Robot
in
Trading Systems
Mar 28, 2014 at 13:52
Hi PER,I am a client and noticed that we are in deep DD, currently it is down at 5 levels already. What are your thoughts on how this may turn out? Are we looking at another possible 40% DD as the larger trend seems to be going further down while we have 5 positions of Buy opened, probably to level 6 once NY opened.
sPhantom Auto Trader
in
Trading Systems
Mar 26, 2014 at 09:05
What this EA need are extra levels of recovery, having just two levels is just not as safe or efficient as multiple levels of recovery points.
sPhantom Auto Trader
in
Trading Systems
Mar 22, 2014 at 16:19
There's no need to change owner's name or email address, all the new owner needs is the email account address and password of the previous owner to log into the sPhantom website, and from there he can change the registered MT4 account number to his own MT4 account number, very simple process really.Anyway, let me know if you are interested Joe, or anyone else for that matter. I bought 3 licenses but now I think I really only need two.
sPhantom Auto Trader
in
Trading Systems
Mar 22, 2014 at 15:57
@joe101180 I have a license I can sell to you if you want, please PM me if you are interested.
sPhantom Auto Trader
in
Trading Systems
Mar 20, 2014 at 07:54
From my own perspective, running SP is straightforward. If it opens a position that looks nasty/stupid/illogical from a fundamental point of view, then close it. Otherwise, just let it run. It's always better to lose out on a potential profitable trade than to potentially get into a high DD scenario, I would say this is the logic that everyone should follow when running EAs.
sPhantom Auto Trader
in
Trading Systems
Mar 19, 2014 at 13:13
Well, if it goes to shits and you aren't watching the trade this time, then it's your fault really. Or do you actually believe there's a EA that doesn't lose once in a while?
sPhantom Auto Trader
in
Trading Systems
Mar 18, 2014 at 17:31
@jiang I don't think you understand what Ken is saying, but have a look at his spreadsheet and you will get the idea.
sPhantom Auto Trader
in
Trading Systems
Mar 18, 2014 at 07:06
I had one trade for my fixed spread account and two trades for my ECN account, so it must be slippage or spread that prevented the 2nd trade. sPhantom seems to work best on ECN or STP accounts.
sPhantom Auto Trader
in
Trading Systems
Mar 13, 2014 at 07:17
Looks like it's just an update on their server, positions are opened so things are back to normal. It would be nice though if announcements are made in advance of these downtimes.
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