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In a few days im going to buy this EA aswell. You said you have bought advanced version, is it modificated 4xcashcompounder or its something different ?
I wrote some remarks in the reviews session. This is not a black box where you see trades coming out of nowhere. You could do exactly what the robot does if you had the time to watch your screen all the time.
It is possible to blow your account if
1.You set a beginning lot that is too high compared to your account.
2. If the market keeps meandering in this 25 pip kill zone.
1 0,01
2 0,02 0,01 0,01
3 0,03 0,02 0,01
4 0,05 0,03 0,02
5 0,08 0,05 0,03
6 0,13 0,08 0,05
7 0,21 0,13 0,08
8 0,34 0,21 0,13
9 0,55 0,34 0,21
10 0,89 0,55 0,34
11 1,44 0,89 0,55
12 2,33 1,44 0,89
13 3,77 2,33 1,44
14 6,1 3,77 2,33
15 9,87 6,1 3,77
16 15,97 9,87 6,1
Watch this small table and you will understand how it works.
First column is the trade number, second column is the long (or short) position, the next one is the hedge position and finally the difference between them. There is a trick that you have to watch. If you are at your 10th move in the 25 pip zone then you have a 0,89 in one direction and a 0,55 in the other direction so you are risking 0,34. But trade number 9 is also open and trade number 8 etc so your total exposure is 0,89 lots. If you have one more move you have to add to the 0,89 lots another 0,55 going to 1,43 lots and one more 2,33 and the next 3,76. So now you are exposed with 3,76 lots after 13 moves. If price moves against you 30 pips you will be having a negative position of 1128 dollars. Of course if you have 1000 dollar account you have a margin call and your account is wiped.
Hi Yellowking,
Which website did you buy your 4xcashcompounder from? I have also purchased the advanced edition but only works with EURUSD and also no setting could be changed. Where can I download the update? Thanks!
I agree Yellowking.
This is a tool to trade.
This is the reason I like it.
It is not a black box that trades and you do not understand why.
You always know what is going to be the next move. You could do everything manually. Simply the robot is doing a better work and you do not have to watch the charts 24 hours a day.