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Tortoise 2.1
in
Trading Systems
May 17, 2010 at 12:24
I don't wanna reaveal your strategy - obviously it's a risky contratrend grid martingale system or if I have to use only 2 words - ACCOUNT KILLER. I hope your account could last for 1-2 months which you ask for. If it blows up you just make another one as you did it before.I just wanted a simple answer: what happened to the previous account?
Tortoise 2.1
in
Trading Systems
May 17, 2010 at 11:42
In total Tortoise EA has made 57 long trades and 19 short trades. There are 26 0.01 lots long trades(trigger trades) and 16 0.01 lots short trades(trigger trades). So the long trades prevale. Your monitoring started on May 10-th and from that point there hasn't been a single bullish candle on daily chart. I cannot undestand how come it's a trend following EA and it trades mostly against the trend. Also the start date of your new account is just after the 800 pips down move(which probably wiped out the previous demo account). And for a 4-th time in a row I would like to ask you what hap...
BBW Scalper(vIHCP0129201013400)
in
Trading Systems
May 17, 2010 at 11:06
Floating DD ~ 50%😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲😲This ain't scalper, that's for sure.
Tortoise 2.1
in
Trading Systems
May 17, 2010 at 09:27
OMG - it's a contratrend EA, the markets are falling and last 21 trades were buy only. Now I know what happened to the previous account - it got wiped by those furious down moves in EUR/USD - that's risky EA. If it was trend following martingale I would not call it safe but in this case we have a BIG WARNING SIGN. 😲
Tortoise 2.1
in
Trading Systems
May 17, 2010 at 08:26
You did not answer my question again: what happened to the previous account???The current account you're calling "live" is in fact demo account. Live account means REAL money account.If you really trust your EA then put it on LIVE account - REAL money. Then I'll believe you that you trust it.About these calculations: it's pure nonsense. N L C1 0.01 50%2 0.02 75%3 0.04 87.5%4 0.08 94.75%5 0.16 97.88%6 0.32 98.44%7 0.64 99.22%It's not pure math as you represent it here, there's allways a BIG chance for a ranging market where 6-7 losing trades can occur in a matter o...
Tortoise 2.1
in
Trading Systems
May 17, 2010 at 06:55
You did not answer my question, what happened to the previous demo account? It was 1000$ and I suppose it was blown by your super-muper EA. I keep wondering how anybody is trying to sell a system he/them personally don't trust. If it's so great why don't you show some live account results?I tell you what, you're now trading 1000$ account with 1:100 leverage and your EA is doubling the lots after each loss. So it's not so hard to calculate thе risks: See the image below!!!So there will be Margin Call if 7-th consecutive loss occurs - not very impressive, RIGHT?
Tortoise 2.1
in
Trading Systems
May 15, 2010 at 07:50
What happened to the previous account? Lots got too big to handle?
Pips won
in
Suggestion Box
Apr 29, 2010 at 09:10
Let's take a closer look at one of your systems: http://www.myfxbook.com/members/mlollar/splitdecision-sparen/14944I asked myself why would you use custom start date on that one....And it didn't take long to get the answer - in the past is suffered HUGE losses(see the attachment)!
CloveriX [fx-emit.com]
in
Trading Systems
Apr 28, 2010 at 06:59
Yes, with average win of 1,77 pips latency, slippage and requotes could kill the good results.
2 Pips Forex
in
Brokers
Apr 25, 2010 at 08:50
It's the scam of the scam.
Pips won
in
Suggestion Box
Apr 25, 2010 at 07:03
That's stupid and it's exactly the opposite of what I requested. Your profit is in money, and your result in pips is negative and should stay negative. Your profit comes from your martingale trading style and MM. If you use fixed lots your system will allways be losing, period. Martingale is and will allways be the shortest way to blown account.
$$$ Manager
in
Trading Systems
Apr 23, 2010 at 22:04
Yes, the most important is not to win a battle or too but to win the war.
BigCat-2nd Client AxisOdl
in
Trading Systems
Apr 23, 2010 at 22:00
I believe it's not only one. This EA has resulted to be quite bad choice. As we can see it fails and the only live account in green is FxPro, all others are losers. So I can say the Big Cat is DEAD or at least very tired.
eurgbp-scalping(1)
in
Trading Systems
Apr 23, 2010 at 21:18
I'm not wondering how 23 pips = 87% profit - YES - it's a Martingale - THE SHORTEST WAY TO BANKRUPTCY.
FRWC HiRider Modified Demo
in
Trading Systems
Apr 23, 2010 at 21:14
I agree it's quite unconvincing.
Pips won
in
Suggestion Box
Apr 23, 2010 at 16:49
I believe the way people can search the systems now is limited. We can search for systems by few criterias but I think most of the experienced traders miss the profit/loss in pips search criteria. We all know that DD and profit in % are just a function of profit/loss in pips multiplied by the risk. Right now the first places are taken either by Martingale systems(sometimes with negative results in pips) or system with small gains in pips but great profits in % because of the crazy risk management and leverage used. This change would give the visitors great functionality in the search.
Active Trend Following EA - Demo
in
Trading Systems
Apr 21, 2010 at 12:17
This new trend system should achieve very good performance of 500-1000 pips monthly. It's currently in test period trading only eur/usd but it could trade any trending pair.
Activ 3rd
in
Trading Systems
Apr 18, 2010 at 14:41
Hi, would you tell me smth about your EA, is it for sale, do you offer managed account services or it's just personal? Thanx
Eureka System
in
Trading Systems
Apr 18, 2010 at 14:15
Oh maaan, just saw the history - obviously another Martingale(account blower). Martingale systems are the shortest way to bankruptcy. Beware guys!!!
Eureka System
in
Trading Systems
Apr 18, 2010 at 14:11
There's only 1 little problem: this is Alpari UK demo account. This argument makes the difference because Alpari UK demo accounts use the spreads of Alpari PRO while standart account have much wider spreads and the live account's(if not PRO) performance should be significantly worse than what we see now due to larger spreads and latency and slower execution. So what we have now is a profit of 277 pips in ~40 days. I bet that Alpari UK live account will most likely lose money or in the best scenario will have some small profits.
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