PsycicTrader
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Hi Ben-jamin. Thanks for finally giving a full perspective on MyFXbook regarding this. Aside from the big spike around 29 April, it seems that you're still seeing over 20% increase in equity regardless of the open trade drawdowns. Am i right if you had to close all trades at this right moment you'd cash in not only that, but total gains shown on MyfxBook? (Basically cutting losses, but cashing in gains too)The truth about this system is that well i used the recommended system but it operates with a large Draw down a good system would not have such a large Drawdown but no system is perfect either, i purchased this system before he change the name to Hyberpack EAs called portfolio EAs on his Myfxbook account he does not chose to show a lot of information and only growth which is why i was suspicious about this system to start with so i ran a demo and have been for a while although it does make money, and what ever new settings he has worked in to the EA to make it safe he has in fact now added stops on for safety which is default settings after seeing the operation of the EA i may run it on a real account and then any trades left on longer than say 5 days could be removed at a loss but this would give me a real balance instead of balance looking really good and equity quite a lot lower, although a concern for me is that the equity and balance gap is getting wider which begs the question, is this equity level gaining or staying the same just as the growth level grows. . .im not sure if i would use this ea on a real account just yet as i would like to see some long term growth and stability.
please feel free to review my DEMO ACCOUNTS on the system and make your own decision if the system is for you or not that is what he should have shown but did not, these completely transparent so there are no things to be hidden
http://www.myfxbook.com/members/BenMesvania/s2f-portfolio-eas/3216968
Also he changed the name to Hyberpack with an updated version which i also bought and ran it on a demo too but it is nothing like the accounts he advertised. . .
http://www.myfxbook.com/members/BenMesvania/s2f-hyperpack/3211761
I might consider this using your 5 day approach. Close all trades on a friday around market closure, and start the new week fresh. Based on what I can see on your Myfxbook account this approach will still put you in profit every week? (Sorry, I'm not too clued up on Myfxbook, so I might have made possibly made the wrong assumptions from the data.)
Would love to hear your feedback on this.