ForexChronos Discussão

I had posted a message on the comments page, but I never got a reply, so i will just ask here.

This system looks virtually identical to Forex Thor. I already own Forex Thor. What is the difference between Forex Thor and forex Chronos that I would decide to purchase Forex Chronos?

Thanks!

The system suffered a large loss on 13 November, as you can see when you view the 'Full Analysis' (rather than only the history since 7 December). It's still very much in profit, but just thought I'd mention it. The account started in april 2012.

I have Forex Thor II myself, and I also wonder what the added value of Chronos is if you're already a Thor owner, and also whether Thor II will get any updates, or whether we're supposed to abandon it and jump onto Chronos if we want to stay up to date.

Yes use Custom Analysis with a start date of 18 April 2012 for the full account details. Draw down from this analysis is not that claimed in the 3rd video.

As a Thor II purchaser, I do wonder why we are not offered Chronos as a upgrade as Thor II never really fired as claimed.

Alexander please link the account as in the 3rd video as this account does not appear support the claims in the video.

BearBull

@ Anthny

Thor and Chronos are both volatility scalpers. I already mentioned that earlier. But that's actually all what they have in common. Chronos trades more frequently, recognizes and adjust itself according to volatility, has a much higher PF, risk much more less per trade and has a much higher profit potential.

@ Sygmoral

Yes, November 13, there was a large loss. This was a manual trade which ended up as wild run. Why this trade was placed and what happened, i explained in the Thor discussion thread.

@ BealBull

Although Thor and Chronos are two different systems, traders who bought during the last months have the possibility to return their Thor license and exchange it to a Chronos license.

The DD before Chronos was used on this account is not mentioned in the video because it has nothing to do with the Chronos system. Max DD for Chronos is expected to much lower.

Regards,
Alexander

AlexanderCollins posted:
@ BealBull

Although Thor and Chronos are two different systems, traders who bought during the last months have the possibility to return their Thor license and exchange it to a Chronos license.

Regards,
Alexander

---------------------------------------

Just to completely honest, this is very annoying. Chronos is obviously an upgraded and updated version of Thor. You are basically admitting this by allowing those who recently purchased Thor to exchange their Thor licenses for Chronos licenses. To be fair, you should either allow all Thor owners to exchange their licenses, or charge a fee for anyone who wants to upgrade(including those who purchased recently). Anything else is ripping off those who bought Thor in good faith that it would be upgraded regularly into the future. As is evident, Chronos is Thor with several upgrades to the Thor logic.

Either that, or allow any Thor owner to receive a full refund.

@ Antny

If Chronos were Thor with modified parameters or features, it would be a build update and of course free for existing Thor users. As it is a completely new product (both do not share a single line of code) it is placed as a new product.

Updates for existing products are free and released on a regular base. Example: Next week, a new build update for Thor will be released. However, free build updates does not mean that a client who bought a product will receive all future products for free.

Best Regards,
Alexander

AlexanderCollins posted:
@ Antny

If Chronos were Thor with modified parameters or features, it would be a build update and of course free for existing Thor users. As it is a completely new product (both do not share a single line of code) it is placed as a new product.

Updates for existing products are free and released on a regular base. Example: Next week, a new build update for Thor will be released. However, free build updates does not mean that a client who bought a product will receive all future products for free.

Best Regards,
Alexander

--------

I completely understand not giving all products for free as that is a terrible business practice. Plus I believe people should be compensated for their work. My point was.....You said, that recent Thor purchasers were being given the opportunity to change in their Thor licenses for a free upgrade to Chronos. This implies that Chronos is an advanced version of Thor, NOT a new product. What I said was that you should either #1- offer a chance to ALL Thor owners to change in their Thor licenses to upgrade to Chronos for free, or #2- Offer the chance to switch from Thor to Chronos to ALL license holders for a fee. The second option makes sense ONLY if Chronos truly is a new product and not just an upgrade of Thor.

It is your words that were implying that Chronos was an upgrade of the Thor system.

Further, I am a programmer and I know that the code can be radically different when programming similar systems. So, them not having the same lines of code is meaningless in this particular scenario. They are based on the same concept. Price spikes, and the system tries to catch a reversal. Even if you found a better way to do this since Thor was released, it is still an upgrade of the base system logic.

Normally, I would not question the issue, but as I previously stated, I attempted to post a comment on the Chronos sales page asking what the difference between Thor and Chronos is so that I could assess whether or not I wanted to purchase Chronos. My comment was never approved. That leads me to believe, yet again, that Chronos is just an upgrade to the Thor logic.

I am sorry if this seems a bit harsh, but there is far too much BS in the forex sales market. As traders, we do not have a choice but to assume we are being ripped off if something even slightly suspicious happens. If you had approved my original comment on the sales page, and answered it there for everyone to see, then we would never have had this discussion here.

Finally, I am not against you. I just have no option but to be suspicious given the events that have occurred.

+1 Antny (Thor Purchaser)

My point was.....You said, that recent Thor purchasers were being given the opportunity to change in their Thor licenses for a free upgrade to Chronos.

I did the same many times before for different systems. It's called being friendly to clients.

My comment was never approved.

That is incorrect. True is that comments i had to answer personally were answered with some delay because we had some quite busy days. Furthermore, you didn't place a comment on the sales page.

If you had approved my original comment on the sales page, and answered it there for everyone to see, then we would never have had this discussion here.

First of all, the comment was approved. Secondly, I don't think it would make any difference. Even if you would have full acknowledge about the algorithm from both systems you would say the same. Not, because it is so but simple because you decided to know better.

I just have no option but to be suspicious given the events that have occurred.

There is a difference between being suspicious and coming up with false claims.

Long story short. Your point is 'Everything what has four wheels is a car'.
My point is: When somebody wants to miss understand something, he will.

Happy Trading!
Alex

Sorry for the mess with the quotes. :/

@AlexanderCollins

All I can say is, my comment must have been approved after the comments pages were no longer visible, because I checked several times.

Second, if Forex Thor is a good system, and a truly unique system from Forex Chronos, why would anyone ever want to trade in their Thor license to 'upgrade' to Forex Chronos? Do you see where I am coming from? It wouldn't be a matter of just being nice if the two systems truly are unique. EA publishers offer special deals to people who purchased previous software creations. They don't offer recent purchasers of a prior system the chance to 'upgrade' to a totally new and unique product offering for free.

This is why I am suspicious now. You keep saying stuff that is causing me to be suspicious.

Here is what I would expect from a software publisher who has multiple offerings and has released a new, totally unique product:
#1- Introduce the product to the public.
#2- Announce the price of the product.
#3- POSSIBLY--- offer the new product to owners of any previous products at a discounted price. (since the owners of the unique, prior product would have no reason to want to get rid of it)

Maybe you have not really thought it through as to how you would do the public offering and that is why you are in this situation now. If this is the case, then may I suggest that you take the #3 option under serious consideration. Doing so would put you in a situation were your old clients won't feel like they are getting stiffed, and neither will the new clients.....who would want to keep both systems as they are totally unique systems and it would be beneficial to own both.

Hi Alexander,

Can you please post the MyFxBook link for the account you showed in the videos as it is not the one you have made available. Oh and please make the trade history public so those of us who have enough interest to see how Chronos trades can do a self determination of the risk and reward potential that Chronos may be able to bring to the table.

Thanks,
BearBull

Hi Alexander,

Looking at the low risk back test data, the EA starts out opening a 0.13 lot trade with $1,000 in the bank. Assuming the leverage was 500 than means the risk per trade (based on the open lot size) was 2.6%. Going further, that Risk % seems to stay constant through the back test. I thought the Risk or Open Size varied as to the size of the precursor price movement. From the back test analysis apparently that is not happening. Was that feature not activated in the back test? If not why not?

BearBull

Oops, that was badly worded. Risk is of course (Lot Size x SL Pips x $10) / Balance.

What I was referring to was the Open lot size cost as a % of the balance stays approx constant through out the back test. I thought, from what was said in the video, that the EA would increase the lot size if the conditions indicated a higher chance of success. From the analysis of the back test csv data, that does not appear to be happening.

Alexander, have I misunderstood this function of the EA?

BearBull

@Anthony

'my comment must have been approved after the comments pages were no longer visible, because I checked several times.'

'I had posted a message on the comments page, but I never got a reply.....'

'My comment was never approved.'

I just spent a few minutes to see what really happened here.

You submitted your comment on the video page 2013.01.29 at 03:44 and your comment was approved and answered 2013.01.30 at 04:59. Ip records show that you visited the page two times after the comment was approved. you overlooked the answer. That is easy possible because the used comment plug in does not group comments and replies but instant display them in the order they have been submitted.

'Just to completely honest, this is very annoying. Chronos is obviously an upgraded and updated version of Thor.'

This is wrong as well. BTW, in 2011, you claimed that Thor was a repacked version of Shark 6.0. (Shark 6.0 was a night channel trader!)

'As is evident, Chronos is Thor with several upgrades to the Thor logic.'

If your opinion is that all scalping systems are the same or all trend trading systems are the same, then it is from your point of view correct because both are scalping systems. From an objective point of view, it is incorrect.

'Anything else is ripping off those who bought Thor in good faith that it would be upgraded regularly into the future.'

Because I release a new product, it does not mean that support is stopped for other products. I released several build updates for Thor and will keep supporting the product. (Another build update is about to be released shortly)

Although we do have different opinions, I believe you agree that this sort of discussion is not productive and leads to nowhere. Personally, I wish to believe that it's the result of 'miss understanding' or 'get off on the wrong foot' and do not have anything to do with the always popular trend sport 'vendor bashing.'

Last but not least: When I checked the e-mail history, I saw that we received a few spam messages from you during the last days. Probably, you caught a virus which sends e-mails to your address book. Changing the password for the e-mail account and scanning the whole PC for virus's other unwanted pests should fix the problem.

Best Regards,
Alexander

@ BealBull

I will answer your questions in the e-mail you sent me.

Best Regards,
Alexander

AlexanderCollins posted:
@Anthony

This is wrong as well. BTW, in 2011, you claimed that Thor was a repacked version of Shark 6.0. (Shark 6.0 was a night channel trader!)

Last but not least: When I checked the e-mail history, I saw that we received a few spam messages from you during the last days. Probably, you caught a virus which sends e-mails to your address book. Changing the password for the e-mail account and scanning the whole PC for virus's other unwanted pests should fix the problem.

Best Regards,
Alexander

First---yes, some hacker finally did manage to get in my email and I changed the password already. But, thank you for the heads up anyway.

Second-- Your statement that I said Thor was a repackaged version of Shark.......To see what i personally had to say about the Thor system, anyone can go here https://www.myfxbook.com/community/trading-systems/thor-forex/219954,15#?pt=2&p=1&o=219954 OR HERE https://www.myfxbook.com/community/trading-systems/forex-thor-live/224340,6#?pt=2&p=1&o=224340
You can see plainly I start out skeptical, but when I see sufficient evidence, I defend the system. I do not see any place that I claimed the Thor system was the shark system, nor do I think i would because they don't act like each other.

Further, by your own words, you stated that I even helped you a great deal with getting the memory leak issue with Thor resolved. Anyway, anyone who decides to view those threads can plainly see that i was not biased against you or your company. Your recent action is what made me suspicious. No matter. I am done here. I will sit this one out and wait for someone else who has both systems to compare the trades and see how they match up, or differ.

Hi Alexander,

Ok I'm intrigued.
Just bought Chronos.
Will report back my results.

BearBull
https://www.myfxbook.com/members/BealBull/1mpamm/474567 (yes that is $1.2m real dollars)
https://finance.groups.yahoo.com/group/BBEnvyPAMM/
https://finance.groups.yahoo.com/group/advanced_forexenvy/

Chronos demo account with all 6 cores active, with default settings except MoneyManagement = true at Risk 2%, up and running on Pepperstone. Also running the now free version of FGT.

https://www.myfxbook.com/members/BealBull/fgtchronos/480182

Magics 1 - 2 = FGT (GbpUsd)
Magics 10 - 15 = Chronos (EurUsd)

BearBull
https://www.myfxbook.com/members/BealBull/1mpamm/474567 (yes that is $1.2m real dollars)
https://finance.groups.yahoo.com/group/BBEnvyPAMM/
https://finance.groups.yahoo.com/group/advanced_forexenvy/