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JohnyJohnson
Wolfe Wave Forex Robot
in
Trading Systems
Jun 02, 2012 at 11:08
Borys,Your EA has amply demonstrated the difference between risk and probability. It certainly risks 100% but has a very uncertain probability of making profit. Furthermore, having now lost around 70% of initial deposit in a matter of days (which some of us saw as inevitable sooner or later), it will now take years to recover the losses, even assuming there are no more account crashes.It is no good making excuses and tinkering. The strategy relies very heavily on adding risk as losses increase, a notoriously stupid way of gambling, let alone trading. I suggest you take this very inadequate...
Wolfe Wave Forex Robot
in
Trading Systems
Jun 01, 2012 at 18:35
Your thoughts Borys, please?
Wolfe Wave Forex Robot
in
Trading Systems
May 31, 2012 at 12:47
This EA is now dead in the water. Anyone still trading it would be a total fool to continue. I refer anyone still reading this blog to posts by others who gave due warning, specifically SandyW who went to great lengths to explain and got blocked for his trouble by Borys who was unable to counter the points he made. And I myself too gave due warning.
Wolfe Wave Forex Robot
in
Trading Systems
May 30, 2012 at 14:27
Is there anyone who bought this system actually trading with it?If so could you let us know:a. What you now think about your decision to buy, and was the marketing misleadingb. What results you have had so farc. The adequacy of the User Guided. Your results so fare. Real or Demo
Wolfe Wave Forex Robot
in
Trading Systems
May 16, 2012 at 16:03
Anchorpoint,You are of course right, in a martingale or variation thereof stop losses are purely notional, they don't really exist. An earlier poster on here said he had done his analysis and this EA was alright as far as he was concerned. I am afraid he showed his naivety, lack of experience with martingale and his general ignorance! (Sorry, just please wake up.) Trading strategies such is this do not submit to conventional analysis. They can pay off in the short term as we are seeing, but in the end................ As you say a draw down will end without disaster as long as you are ...
Wolfe Wave Forex Robot
in
Trading Systems
May 16, 2012 at 08:00
Time to start hiding the draw downs again, Borys!You can't fool all the people all the time, but it's worth trying.
Wolfe Wave Forex Robot
in
Trading Systems
May 11, 2012 at 15:29
I can understand that you are satisfied! But you shouldn't be so quick. Trading systems that use martingale or a variation of it cannot be analyzed in the usual way. Sorry but they can't! As the vendor is showing, for a while there will be a very attractive steady account growth. But do you realise how deep the draw downs can be? The vendor of WWEA has even been hiding draw downs in case they scare the punters. So far they have been fairly modest, but the waves in the sea which are so lovely to bathe in, do not foretell the tsunami. This has nothing to do with Wolfe Waves though, ...
Wolfe Wave Forex Robot
in
Trading Systems
May 11, 2012 at 13:29
You asked for questions, so my questions are:Why have you departed so far from the well proven Wolfe Wave method? Have you actually studied the authentic WW, or have you simply picked up ideas about it?Are you a successful trader yourself or just a clever programmer?Are you licensed by Bill Wolfe? I noticed that Borys has objected to one of the contributors drawing attention to Bill Wolfe's website! That appears to be telling us something?I am very familiar with Wolfe Waves which I have used for manual trading for some years, alongside other methods. With increasing experience and conf...
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