Tom'sEa WPFX LIVE讨论

   drsong123 posted:
   

You would be right if there were no hidden stop loss.
So if there is no SL and i pump more moeny in it would recover after time
But with the fixed SL it just took huge losses and ruin the account.
And market at least for EUR was pretty straightforward - down for last weeks...

several 600 pip loss for 0.01 lot position will not blow up you account. Unfortunately, for us resident, there is no real hedge trade. like FXDD which offer hedge equivalent, they basically put hedge trades to another account in back end.
ss

That's also true but i got also closed position with 0.03 lots not only 0.01
I had $5.5k balance and 3 pairs and still i also got margin call and 2 position closed.
Fortunatelly i got help from experineced trader and stabilized equity but it was almost late.

   DANIELSFX1979 posted:
   I just uppdated my mt4 from 416 to 432 for my broker worldprofx,and now for toms ea it just says Toms EA 1.89 awaiting authentication?Any clue what to do here guys?

My only advice to you is to switch Tomsea off and manage your positions manually. And when you do that, make sure you delete the TP targets as they will all close at a loss since you are not using the EA.

It has been a while since I have checked in to see how TEA was doing. I am now glad I didn't jump on board. Those of you who are staying on, my hat is off to you. You have cajones of steel!

Now you just need another 6 months with no trends. Hopefully before another 600 pip stop.

You actually don't need as strong as steel as long as you have fully understand how this EA and martingale principle works and trade it with right mentality. My account has totally recovered from over 40% paper loss back to pre DD level. My solution is simple: just add more fund to the account to ride the DD and use risk level to give about 5-6% monthly return. this EA beats all option selling systems.
ss

Oh I understand how it works. I ran it through the wringer back when it first came out. I just prefer a system that you don't need a potentially endless source of cash to keep it going. I will say that it is the best martingale system I have ever seen.

I suppose it comes down to personal preference. I don't like having DD, so I avoid using systems that have really bad DD. I snapped a couple shots and attached them from my trading last month. It doesn't trade often, but the DD is low. I would have had a really awesome run to show this month because my system has had several good trade setups this week, but I have been working on automating it, and thus not paying a lot of attention to the charts. Oh well.

Hi, Fughe
Very nice stat for your system. If you can automate it and show for long period time it still maintain them, you get winner. Currently with interest rate less 1% per YEAR, Tomsea will give you month to month 2-4% without spend any of your time (time is money), what is wrong to add it to be part of your income generator? Traders got into trouble with Tomsea is because they use higher risk level trying to achieve higher return per month. This EA definitely will not get you rich in very short period of time. For 4% monthly return, it will take 10 years to turn 10k into 1 million.
ss

Well, my issue is, I can't rationalize doing that when i have automated systems that give a better return with less risk. And I doubly can't rationalize doing that when I have manual systems that have track records over extended periods of time that make 2%-10% a day without excessive risk. Take my current system for example. On a 10K account using a single mini lot for each position, It gives a return of 30%-40% a month. Drawdowns are completely buried in the profit to the point of being inconsequential. Today is a perfect example. i saw 30 trade setups across 20 currency pairs. 4 of those were losers. Granted, several of the setups in the search would have been ignored due to my non-scalping policy. But even if half those trades are ignored, going by the avg...that still puts it at over 1000 pips today. But anyway....talking about other systems is a bit off topic, so I will leave it at that.

   craneliu posted:
 Have interst to your EA, but need long time to prove. this is not only related to the EA strategy, but also the market volatility.

I totally understand that. I would be the exact same. Before my system ever makes a public offering, I will display a LIVE account that has had the system running on it a while. That is probably a few months away though.

Wow, 1000 pips per day with low DD. You definitely are out of my league.
Craneliu, I know lots people hate add on loser which is concept brain washed by mainstream guru. Who is buying when you are selling? How those smart money make money while most individuals lose? Have option selling have same equity curve as Tomsea?
ss

   drsong123 posted:
   Wow, 1000 pips per day with low DD. You definitely are out of my league.

And mine! and I guess most others also :-)

I don't know of any system that makes a 1000 pips a day with low DD. And if you are referring to my system, I never even implied that it makes 1000 pips a day. Matter of fact, my system is not a scalper. It would have to be to trade enough to get 1000 pips every day. My system trades maybe 5 times a month on each currency pair it is running on. Sometimes, you get lucky and it gets several trades across the 20 currency pairs in one day. Which is what happened last Friday. It may not trade at all for another week or two. And it might catch only one trade ever day for the next 3 months. Or every other day. Please don't read anything into my statements like 'my system make 1000 pips a day'. To the best of my knowledge, that is impossible.

That said, I do have other systems that will not be automated that i have proven to avg a gain of around 5% return every day on a $10k account. But, as everyone should know....the best systems will never be made available to the public.

   drsong123 posted:
   Hi, Fughe
Very nice stat for your system. If you can automate it and show for long period time it still maintain them, you get winner. Currently with interest rate less 1% per YEAR, Tomsea will give you month to month 2-4% without spend any of your time (time is money), what is wrong to add it to be part of your income generator? Traders got into trouble with Tomsea is because they use higher risk level trying to achieve higher return per month. This EA definitely will not get you rich in very short period of time. For 4% monthly return, it will take 10 years to turn 10k into 1 million.
ss

Hey drsong123,

I respectfully disagree with your attitude. I think it is abundantly clear that Tom will blow out any account eventually, regardless of the risk settings. It's logic is fundamentally flawed, IMHO, and it will keep taking more and more trades in the wrong direction until you go broke.

Do these belong to the developer too? https://www.myfxbook.com/members/fxtradertom -

Right now, the stat says Gain=140.78%.
Drawdown seems to be stuck at around 46.86% for a few weeks now.
It has been real quiet here. Are many traders still using Tom's EA out there?
 

   doegie posted:
Hey drsong123,

I respectfully disagree with your attitude. I think it is abundantly clear that Tom will blow out any account eventually, regardless of the risk settings. It's logic is fundamentally flawed, IMHO, and it will keep taking more and more trades in the wrong direction until you go broke.

Hi, Doegie2
If you hate martingale so much, why do you still hang around in this forum? Please check another real account using martingale EA:
https://www.myfxbook.com/members/Jayman007/sig-cent-martin/195905
ss

   drsong123 posted:
   

   doegie posted:
Hey drsong123,

I respectfully disagree with your attitude. I think it is abundantly clear that Tom will blow out any account eventually, regardless of the risk settings. It's logic is fundamentally flawed, IMHO, and it will keep taking more and more trades in the wrong direction until you go broke.

Hi, Doegie2
If you hate martingale so much, why do you still hang around in this forum? Please check another real account using martingale EA:
https://www.myfxbook.com/members/Jayman007/sig-cent-martin/195905
ss

That is the account of a person who knows exactly how dangerous a martingale is. They are making withdraws constantly. That is the only way to trade a martingale system.

guys
i lost demo money in fwd testing on demo with TOMs EA
i lost real money on real account with TOMs EA
THEN i sat up my MT4 for backtesting with tick precision
and you now what no matter what was the starting balance it destroyed the account within 6 months
I am afraid that's the fate of all martingale EAs because i made similar experience with Evolution EA

Of course it would work if EA has no stop losses and you have infinite amount of money to put in
but in such case you do not need to risk them, right? ;)

   drsong123 posted:
   

   doegie posted:
Hey drsong123,

I respectfully disagree with your attitude. I think it is abundantly clear that Tom will blow out any account eventually, regardless of the risk settings. It's logic is fundamentally flawed, IMHO, and it will keep taking more and more trades in the wrong direction until you go broke.

Hi, Doegie2
If you hate martingale so much, why do you still hang around in this forum? Please check another real account using martingale EA:
https://www.myfxbook.com/members/Jayman007/sig-cent-martin/195905
ss

Hi,

i checked the link and the lot size of trades does not correspond to the way TEA is calculating it from balance.