Forex Envy Power Long Only as of 1/27/13 (Genom Michigander)

Användaren har raderat systemet..

Forex Envy Power Long Only as of 1/27/13 Diskussion

May 13, 2012 at 02:03
1,574 Visa
16 Replies
Medlem sedan May 08, 2012   321 inlägg
Jun 16, 2012 at 09:46
All trades manually closed on 6/15 due to the expected extreme volatility associated with the new Greek elections and European crises.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan Mar 30, 2012   43 inlägg
Jun 16, 2012 at 16:47
Are you using FE Power Edition ?
Between Pips from SL to TP
Medlem sedan May 08, 2012   321 inlägg
Jun 17, 2012 at 06:02
Not yet. Power edition is in beta but has not been released.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan Aug 25, 2011   64 inlägg
Jun 19, 2012 at 06:39
why does the EA not handle extreme volatility? what is extreme volatility? how is it quantified? what are the data and stats that back up this ambiguous and apparently arbitrary notion? who is playing God here?!?
Make it, or break it!
Medlem sedan Aug 25, 2011   64 inlägg
Aug 21, 2012 at 06:13
Michigander - why did you redeem profits when you did? What is THE rule or YOUR rule on this? thanks.
Make it, or break it!
Medlem sedan May 08, 2012   321 inlägg
Aug 21, 2012 at 21:56
Set files for Envy are based on portfolio sizes. The set file I have is good for 20,000 to 27,000 dollars. Set files configure your lot size based on margin and cash on hand. I actually let it go a little too long. When I get to 27K again, we'll transfer 2K out into the savings account.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan May 21, 2011   50 inlägg
Jan 03, 2013 at 07:43
Hey Mich, yours is the only envy I've seen that has come out of 2012 untouched! I will have to try and get the old version of envy and try your settings out!
Medlem sedan May 08, 2012   321 inlägg
Jan 25, 2013 at 12:47
Wow...This week, all I can say is WOW. Sovereign interventions everywhere Yens running, Dollars running against the CAD. I chickened out of everything to keep the account from blowing. I think I am still whole when I account for all the profits I transferred out, but its still a bitch giving back all you made in 8 months.

Time to regroup...
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan Jan 25, 2013   1 inlägg
Jan 25, 2013 at 16:19
Are you using FE Power Edition
Medlem sedan May 08, 2012   321 inlägg
Jan 25, 2013 at 18:58
Napoleonmiao;

I wasn't using Power on a live account. I have been demoing it since November. That demo account is being stresses, but it hasn't blown out. https://www.myfxbook.com/members/Michigander/forex-envy-power-long-cycle/449740 One of my considerations may be to go to Power without the yen trades. I've got some stewing to do this weekend.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan May 21, 2011   50 inlägg
Jan 26, 2013 at 08:13
I restarted Power Longs with 0.67 risk as per ultracats settings: https://www.myfxbook.com/community/trading-systems/fe-ultra-b4-power-long/334213,1

He doesnt run the yen pairs. I left them on. Am now considering turning them off as my private account, which I restarted earlier on, is now at a level 14 basket on the EURJPY.

Power Long 0.67 risk: https://www.myfxbook.com/members/juham/fe3-power-long-067-risk/471247
Medlem sedan May 21, 2011   50 inlägg
Jan 26, 2013 at 08:24
Shame about this account though, it was doing so well
Medlem sedan May 08, 2012   321 inlägg
Jan 27, 2013 at 16:39 (redigerad Jan 27, 2013 at 16:56)
I am switching this account over to Envy Power. I have been running Power as a demo on another account since November and, while it is currently being stressed due to the yen trades, it has not blown out like my (2) Versions of 2.1 did. I will leave the YEN trades off for the time being. Once the Yen stabilizes, I may bring them back on at a .5 risk setting.

I always knew that this type of event would happen and have always expected it. Its still a bitch when it does. I don't think I should trust any of these systems over another because you never know what event will strain any particular pair. I am re-balancing everything this weekend. Instead of trusting one system more than another, I am just going to equal dollar weight what I am trading across 4 systems. These are Envy Power, Hacked, Forex Identity, and Forex Grid Trader. As I have watched them, when they stress, they appear to stress at different times.

All profits will continue to be transferred into a savings account. The savings will be traded using two very low risk systems, Educated Hacked and Kangaroo. The base lot size for Hacked is going to be double Jayman's recommendation so will trade .01 per 10K instead of .01 per 5K. I have demoing .01 per 8K since mid October and it has not stressed at all and is doing 5% month. Kangaroo currently recommends trading the AUDUSD pair, it rarely trades but the most are winners.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan Oct 13, 2012   1 inlägg
May 02, 2013 at 11:12
Good luck with that. From my backtests, you should run 0.01 STD LOTS with 100k. Otherwise, sooner or later your account will be wiped out.

Regards!
Medlem sedan Jun 24, 2012   69 inlägg
May 02, 2013 at 14:02
Hi Ken:

I can see that you are big fan of grid martingale EAs, and you might know them well and avoid lots of margin calls, may be you can make some money but its risk level is too high.

I was user of Forex Envy, It was nightmare, They kept on erase blown up accounts and hidden them, so people beleive them winning only, because of this, I was margin call 5 times, Each time MC, it blew up all money in account, I lose big money 2-3 year my salary.

After than, I am very careful with Grid martingale EA, recently, I find some good non-martingale EA with best working condition for them and I recovered all my lose money.


 
Medlem sedan May 08, 2012   321 inlägg
May 02, 2013 at 14:46
Rick;

Thanks for the words of caution. Its not that I'm a fan of martingales, its just that I've had very little luck finding anything else that had reasonable equity curve. if you could drop a name or two of what you are comfortable with, I would greatly appreciate your opinions.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Medlem sedan May 08, 2012   321 inlägg
May 26, 2013 at 15:47
Because of the issues myfxbook is having with the auto update, I am migrating this account to the myfx publisher. To do this I need to delete and re-establish the account. It will carry the same name.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
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