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ForexLexus.com

Discussion in 'Forex Software' started by AsstModerator, Sep 23, 2009.

  1. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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  2. Malai

    Malai ForexLexus representative

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    Introduction

    Hello everyone,

    I am the owner of Forexlexxus. I have started this thread mainly to support you , to answer your questions and to get feedback . I will try to answer your questions at least once a day and try to cover as much as i could .



    Before we proceed you need to know few things about Forexlexus ....

    1. How is this different from other EA's?

    Most of the EA's [nearly all of them ] in the market are scalping EA [ focused on getting small amount of pips but numerous times] so the their Risk/reward ratio is very bad, one or another night you will get caught with a big stoploss leading to your capital being wiped off. In contrary Lexxus, trades with intraday swing system, catching trends and placing trades in the direction of trend. Remember trend is your friend .



    2.How does this EA work ?

    As i said before, it catches trends, analyse if its a valid trend then place a trade at a suitable position . If the trend changes in direction then it comes out at the most favourable position with minimal loss. Then again look for a viable trend, Because of this reason , you might encounter few small losses , but it will be often followed by big profits . 100 % winning trades are not a feature of this . Patience is what you need for trading.



    All we are looking for is about 10-20 % of capital , which can be obtained even in one day , but next day could be a loss of about 5 % , due to small losses i said before. But because the Risk/reward ratio is good, overall in a month , you will be in good profits , so be patient. Don't get worried about every single trade or week.
     
  3. lotsofjazz

    lotsofjazz Recruit

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    Hi Malai,

    I just want to thank you for your support, its just great to see a robot seller is REALLY caring about his customers.. your ea may seem a little expensive at first sight, with the monthly subscription, but well worth the money, I will earn it back many times.. I am sure about that!

    I have read so many positive reports and reviews, I have put the USDJPY on a live account immediately. next week I will add GBPUSD HR as well.

    I will not post my stats here, because it is a little garbled, with manual trades (that are LOOOSING BIG time.. still dont get it right this trading business) and trades from other EA's as well.

    Thanks again!

    Lots
     
  4. Malai

    Malai ForexLexus representative

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    Thanks for your feedback lotsofjazz.
     
  5. Brian1980

    Brian1980 Recruit

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    I just purchased this because of FPA's performance test and reviews. I'm looking forward to demoing it starting tonight on my new VPS if my provider can get it up and running soon. I'll be using LR settings with 5% risk as recommended for new users. I'll try to get some sort of live stats link going too.
     
  6. JAIME TOSCANO

    JAIME TOSCANO Private, 1st Class

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    Hello Malai & Thank you

    Hello Malai,

    I purchased the EA a few days ago and so far it is working very good. The performance so far looks impressive. The monthly fee is more than fair if the EA continues with the current performance. I´m really eager to try it on a rael account, so I will continue my forward test and if after a month it keeps being consistent I will trade real money. Once again thanks again for your support.
     
  7. Malai

    Malai ForexLexus representative

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    Thanks for your comments, I keep repeating , don't worry about individual trades or week performance, look for monthly performance as it is swing EA , unlike a Scalp EA which produces results every day.

    Malai
     
    #7 Malai, Sep 28, 2009
    Last edited: Sep 28, 2009
  8. JAIME TOSCANO

    JAIME TOSCANO Private, 1st Class

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    Thanks a lot

    Hello Malai,
    I have been testing the EA since I purchased it and the trades on my platform have been just the same than those on the performance page on FPA.
    This one of the best EA I have tested & backtested so far, and if you continue sending regular updates to your customers (that is us), you will be the best there is.
    I agree with your comments about taking a look at performance on a monthly basis.
    Honestly I am very happy with this EA and with the support. Good job !!
     
  9. Malai

    Malai ForexLexus representative

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    Profit&loss

    Profit and loss are common in forex trading, all we have to look for is monthly stable positive balance. People always get carried away by short lived 100% winning trades of some trading systems, as i have mentioned in the website, if a robot or trading system is 100% profitable, the creator could make billions in few days/months of 100% winning trades. Most scalping EAs will wipe out the account one day or another. Lexxus made a big loss today, but i don't mind,because i know it will cover up for that and will make more. I am not saying lexxus is the only good robot, but for you to be aware of scalping robots. Swing system is more stable in long run. Another good strategy is to switch off the EA once it has made 10-20 % of profit for the month and restart as fresh towards next month beginning.

    Malai

    PS: Most of new scalping EAs are based on Eurchf, works well till their prices are in range, when the range breaks out , it will blow up the account so beware of them.
     
    #9 Malai, Sep 29, 2009
    Last edited: Sep 29, 2009
  10. Brian1980

    Brian1980 Recruit

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    My first trade with it, unfortunately, but...

    ...I know this, and plan to stick with it for the full trial month on my demo that it's on now, and probably even go live once it starts being profitable on my demo.
     
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