Forex Peace Army Members Forums>

[maxcruiver]

Autofx, I need your assistance in EA coding. Can I have your email address? If you are afraid to post your contact details in public forum, pls contact me at kelvin_koay_16@hotmail.com. Hope you can help me. Thank you.

[marcusg52]

Hi All,


Well, this fascinating discussion has been going on for over 3 months now. Thanks to Williama for initiating the topic, and for the programmers - Williama, Rob, Naufrage, and AutoFX - who have worked diligently to construct a working EA.

I don't believe that I could ever trust any EA such as this on a live account, but for use in helping setup the grids, and just as a teaching tool, one could be very useful. AutoFX has taken us very close to this goal. His last EA is very promising, but we need one more programmer to help us take this home. Anyone out there?

I'm sure the few of us who are still following this discussion would provide input to any programmer who would agree to take this on. We have all thoroughly demoed each EA, and have experienced the pluses and minuses of each. For example, the latest EA from AutoFX has a very unusal result in that for some reason, it changes the pip gap (pips of each level) randomly (?). When it does this, it enters new orders based on the new parameters, and in effect, has 2 grids going at the same time. This almost always results in a loss. The strange thing here is that it only happens on the IBFX demo platform (400:1). It doesn't do this on the Alpari demo platform (100:1).
I'm sure there is a simple fix to this, but we need help.

Anyway, thanks to all for the discusion and effort. I respect the decisions of previous posters and programmers to move on, but here's hoping we have one more sole willing to lend a hand.

Regards...marcus

[Pipperoni]

This system is inherently UNPROFITABLE !!!

Only because of the (hidden ?) martingale it can in some conditions be profitable.

The real money account traded by William him self has an equity curve that should give me a heart attac if it was my money.

As I understood well ... the game is already over after only 10 days of trading, because the account went from 58000$ to 6880$ !!!

[Chance]

First post here, but I have just spent the last 3 hours reading every message in this thread.

I don't have very much forex experience (yet), but I do happen to have quite a bit of time prowling the casinos of the world, and I have quite a hand at roulette.

It also happens that roulette is the very game that the Martingale strategy was invented to 'beat'. So I know a Martingale when I see one. Do I understand any sort of coding? No. But I can easily spot a progessive betting scheme, regardless of how it's dressed up.

This is one.

Not to say you can't make money at it. But always be prepared to get a stomach ulcer right along beside!

Because, as with all progressive strategies, and as has already been mentioned in several posts: sooner or later, even after 100 winning plays, you are going to hit that place & time where the 'wheel' defies the odds and goes "red" (or black/even/odd, etc.) for 20 consecutive spins, even though the true odds are really just 50/50. Great news if you're sitting on RED, but this current Forex [scam] isn't.

And here's why: It's called "betting on the come." You are betting that the little white ball will COME to YOU, your color, your side of the table. It's where you are NOT, and while you wait for it to return you just happen to be forced BY YOUR OWN BETTING STRATEGY to up your bets PROGRESSIVELY until it finally returns. IF it finally returns.

THE SIZE OF THE BET IS NOT THE ISSUE HERE!!! It is the NATURE of your bet that matters!!! You are sitting stagnant, in a losing position (on the gaming board of your own choosing -- Forex in this case), exponentially upping your bets at every turn, while waiting (hoping and praying?) for the COME.

It's a sucker's bet. Visit a casino and take in the lavish decor if your don't believe me.

[lion]

Excellent strategy, I shall try it to put into practice

[Luu]

Hi all,

Is there any one trade Autofx' EA on real account ?

Autofx' EA (Trapper_01e_Sixpack) can trade on real account? and if yes, how long can it runs ?

Thanks for your help !

[Pipperoni]

It was not over yet, at my previous post !

Still 6880$ to spend ! So the gamble went on.

Now the account is at 123$ ! NOW IT'S OVER !

My idea: Super broker ! Not easy to drain a 58.000 $ account till only 123$ is left . That's a very presice work. Interbank FX won an other 58000$ in a few weeks.

[Luu]

Originally Posted by Pipperoni

It was not over yet, at my previous post !

Still 6880$ to spend ! So the gamble went on.

Now the account is at 123$ ! NOW IT'S OVER !

My idea: Super broker ! Not easy to drain a 58.000 $ account till only 123$ is left . That's a very presice work. Interbank FX won an other 58000$ in a few weeks.

Hi Pipperoni,

You trade Autofx'EA at IBFX and lose 58000$ on real account? May I have login info ?

Thanks

[Pipperoni]

No Luu, I didn't !

But there was an Australian guy called Darren Chandler who made a pooled account at IBFX (a fund with many clients). This account was traded by the big William A himself, who is from Columbia, if I heard well. All the members of the pooled account had put together 58.000 $ in hard cash. The account was traded partially by an EA and supervised and manually corrected by William. I was not one of them for 2 good reasons:
1) As I explained in my previous posts, IMHO this system is essentially unprofitable. Only martingaling makes it (in short term) profitable.
2) Because the trader and account administrator Darren wanted to share 75% of the profit between them. The investor got only 25%.

Than the trading started and this is the curve: From 58.000$ to 123$ in a few weeks.

[todder]

This sounds like the Forex Funnel. I bought that, works great for a little while.