Discuss ProfitableFx.com

[Teodor Jackson]

Hello Teodor,
and what is the status of the EA (in your side) it is still working? or stopped working as they are gone?

thanks

Hi hi - I tried to modify my post but got rejected... didn't know it was locked by readers...

Simple answer - it works and does the magic :-D
However I must admit I have to help the magic.
The EA is linear - it means it looks for fixed profit regardless of account size.
I have to adjust it every week or so to compound.
This is not the only trick I do with the EA...

Frankly this EA is like a modern racing car - very fast , extremely light - without any real shield...

 

[Christian Petzoldt]

I am also stupid to invest € 1200 with them

 

[supahfish]

@ Christian: also with their forex club?

 

[Deviator]

drawdown?

Hi guys!

I’m testing this system for about 2 months and it seems interesting.

EA is rather fast. I was testing it with other currencies and their failed. Also tested with higher lots, also failed. But it seems working (so far) ok with “standard” risk setting ($1000 and 0.02 lot)
But I can’t find clear answer on very critical moment… what drawdown this EA could allow?

Any thoughts? And yes I understand that this is Grid/Martingale like robots and potentially it could kill. But anyone, have you seen this EA drawdown lets say more then 30%-50% with standard risk?

 

[Teodor Jackson]

Do you mean drawdown in money or percentage?
You set the percentage in MaxLossPct.

In money... well, as the account grows, the 10% in money also grows.
$500 out of $5 000, $1 000 once you hit $10 000...

If you don't screw profit/leverage/loss up settings you should not trigger MaxLossPct. However it also means you will grow very slow.

If you want to go for bigger profits, DD over 20% may not be enough.
But I don't recommend it. The code has no leverage limiter. It's very easy to overleverage and end in Margin Call.
While it's not easy to find really good settings. It's not 2x $10 000 account balance = 2x FirstLot, 2x MinProfit, etc.

 

[Deviator]

Teodor Jackson,

Yes, I mean drawdown in percentage of actual deposit. So far I saw about 40% relative drawdown with standard settings (at least I think that they are standard – $5000 with 0.1 lot)
Thanks for pointing me to MaxLossPct, I’ll check this when will be home.

For now I’m getting about +100% in month or two. So I’m afraid that I’m running it on “all in” strategy.

How do you think it is wiser to run this robot for long run, I mean DD, deposit and lot? Lets say developers advertised to use it for $5000 with 0.1 lot, so what should be DD then?

 

[rider]

Does anyone has any luck in contacting the support?

 

[aunzaht123]

hii