Forex Mercenary

[jacknie]

Re: Forex Mercenary

 

Hi Guys,

 

This is the message I received from James. It looks like a technical issue with the servers.

 

"We are currently experiencing problems with our server. We're working

round the clock to resolve this and understand that some of you have

had problems generating a live data feed.

 

Others have had trade signals so all I can ask for is your patience.

I'm sorry for the delay and we are doing our best to resolve the issue

so you can start trading asap.

 

We've expanded our support team to deal with enquiries and demand. But

if there is a slight delay in getting a response to your email, please

bear with us.

 

Kind regards

 

James

[freakgib]

Re: Forex Mercenary

 

i got an Email from them like that wel i think it wil never work

 

when i did buy this product i did expect some security like u have to login to get access

but nothing of that now the whole world can just download this tool and connect to there servers

i did already ask for a refund and the first replay i did get was

would u be interested in Forex Apocalypse EA

this company is only interested in getting our money by selling Crapy products

and then hoping not everyone is going for a refund

wel i did replay to them no i want a Refund and this time i got it

and i advice everyone to do that

 

Greets

[rs_0101]

Re: Forex Mercenary

 

I got several trades but make out what it i really saying.

 

In Email: Enter a SHORT position in EURUSD at 1.4501 with a stop loss of and a limit of 1.44937495.

 

While in popup box message it says Short -- Stop Loss 1.4509 Limit 1.4493.

 

1. what does this mean as in the email how can Stop Loss and Limit be the same?

2. Is Limit Profit setting in the popup box?

 

I am confused?

 

Furthermore once the price is now 1.4511 I still getting orders which cannot be placed such as Short -- Stop Loss 1.4509 Limit 1.4494.

[freakgib]

Re: Forex Mercenary

 

I got several trades but make out what it i really saying.

 

In Email: Enter a SHORT position in EURUSD at 1.4501 with a stop loss of and a limit of 1.44937495.

 

While in popup box message it says Short -- Stop Loss 1.4509 Limit 1.4493.

 

1. what does this mean as in the email how can Stop Loss and Limit be the same?

2. Is Limit Profit setting in the popup box?

 

I am confused?

 

how did u get a connection i am trying it now for 2 days but diddnt get any good connection or signals

 

so the Email is not clear the popup looks kinda oke enter short at 1.4501 stop at 1.4509 limit at 1.4493

8 pips stop 8 pips limit

at what time was that setup so that we could check if it was a good setup

[soundfx]

Re: Forex Mercenary

 

Hi rs_0101,

 

It looks as though both the e-mail and popup didn't work properly lol.

 

The e-mail is probably a template which is something like:

 

Enter a [Direction] position in EURUSD at [EntryPrice] with a stop loss of [stopLoss] and a limit of [TargetPrice]

 

Hence, [stopLoss] should have contained 1.4509 but didn't, also [TargetPrice] should have been rounded to 4 decimal places.

 

The popup could well be something similar for example:

 

Short [EntryPrice] -- Stop Loss [stopLoss] Limit [TargetPrice]

 

Getting the same signals even when price is out of range of the signals sounds like yet another bug @-)

[rs_0101]

Re: Forex Mercenary

 

I just closed the app and started again and the signals poured in. I have had several losses and several profits 50/50. I beleive the spread is not taken in consideration,but don't know for certain. This product cannot be used as is. Some signal that are coming cannot be be physically placed as the stop Loss is out of bound. That is why I was confused since it did not make sence. Furthermore this should be an EA robot and not a generator of signals as it is impossible to place orders as fast as they come. So and EA will have to b created to you these signals. EA can place order if all signals of Logevity 1 upto Advance 3 have same reading. So maybe someone can look at this task on this forum if the strategy is a winnning one can be cleared of all the bugs.

 

I had several hits of stop loss that could have been avoided with additional increase of 1 or 2 pips for S/L. So some tuning is required if EA robot needs to be created.

[soundfx]

Re: Forex Mercenary

 

Hi Guys,

 

I've just run the "Pro" version downloaded from earlier in the thread.

 

Clicking on "Start Model" does nothing for about a minute or so, then the popup windows start to appear (accompanied by a very loud buzzing alarm lol):

 

Here are the trades which have appeared so far:

 

Strategy: Longevity1 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Longevity2 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Longevity3 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Longevity4 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Advanced 1 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Advanced 3 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

Strategy: Advanced 3 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Limit: 1.4483754500000001

 

These are all listed in the display box. Above this box it says:

 

2010-01-14 04:00:02.125488: 1.4491 [EUR/USD]

 

I've just been watching that trade and it was a good one. EUR/USD plunged down shortly after entering the trade...the trading logic could well be solid, despite the current technical flaws.

[wxygoddess]

Re: Forex Mercenary

 

http://xs.to/image-2AAE_4B4F0C00.jpg

 

Received s signal finally. ;)) Will test it when I have time.

[wxygoddess]

Re: Forex Mercenary

 

The current s/l price seems to be removed in the alert box. And compared the price from my screenshot with soundfx's price, you should have a winning trade right?

[gagalberjaya]

Re: Forex Mercenary

 

need somebody to advice me....i can't the program into my lap top even though i had latest java....

when i double click the bat. file nothing happened.Then i tried to double click the clojure also nothing

happened

[soundfx]

Re: Forex Mercenary

 

gagalberjaya,

 

It could be a code page problem.

 

Try this:

 

Open fxmercenary.bat in Notepad.

Choose Save As... from the File menu.

Specify a location and file name (fxmercenary.bat) for your file.

In the Save as type: drop-down box choose All Files.

In the Encoding drop-down box choose ANSI.

Click Ok to save your file

[soundfx]

Re: Forex Mercenary

 

whitenoise,

 

I read elsewhere that an upgraded version of the software has been released today and that this should work better.

 

Did you get that e-mail ? Does it work ?

 

I'm getting "unknown source" errors now with the original system...perhaps they've changed the server in the newer version ?

[trade4life]

Re: Forex Mercenary

 

Guys how is work lol, signals coming and coming i'm trying to do this at etoro platform with demo acc, but don't understand lol, what means position: short, should i buy or sell eur/usd?? :o

[soundfx]

Re: Forex Mercenary

 

trade4life,

 

Long means Buy

Short means Sell

 

The entry price when the signal was triggered should be on top of the box which contains all the signal history. I think the system only trades EUR/USD.

[coolias]

Re: Forex Mercenary

 

how were you guys able to connect. Mines is still not doing anything once start model is clicked.

[trade4life]

Re: Forex Mercenary

 

Thanks, so signals coming one after one @-) most is short short short, but it didn't say what price to sell or buy, only stop loss and limit, anyway what limit means? Set take profit at limit price? I'm new to this so please forgive me lol X_X

[soundfx]

Re: Forex Mercenary

 

trade4life,

 

Limit = Target = Take Profit

 

You should see the entry price at the top of the box with the scroll bar (which contains all your signals). As an example earlier today at the top of the box I saw:

 

2010-01-14 04:00:02.125488: 1.4491 [EUR/USD]

 

Then I had lots of popup windows like this:

 

Strategy: Longevity1 [2010-01-14 04:00:02.125488]

Position: SHORT

Stop loss: 1.44982455

Take Profit: 1.4483754500000001

 

Which were all stored in the box, after the popup appeared.

 

Apparently, the more popup windows you get the stronger the signal, because you get signals for each strategy being traded.

 

In my example above:

 

Enter your EUR/USD trade as a Sell at 1.4491

Set your Stop Loss to 1.4498

Set our Target to 1.4483

[whitenoise]

Re: Forex Mercenary

 

whitenoise,

 

I read elsewhere that an upgraded version of the software has been released today and that this should work better.

 

Did you get that e-mail ? Does it work ?

 

I'm getting "unknown source" errors now with the original system...perhaps they've changed the server in the newer version ?

 

http://www.multiupload.com/MH2NXSY3H0

 

Here it is...looks like it replaces the Advanced version only, but I am guessing as the email was not very specific. Very poor documentation and communication with this system.... :(

[freakgib]

Re: Forex Mercenary

 

Thx for the updated version this one finaly works ( i did get some signals)

 

only the signal i got where very close the the current EURUSD price and it was always a SHORT setup

also when the price moved up it came with new setup following the price up

i get the feeling it has no real strategy just give a signal of 8pips stop and arround 8+ pips profit

for the current price

 

wil test it some more

[whitenoise]

Re: Forex Mercenary

 

Thx for the updated version this one finaly works ( i did get some signals)

 

only the signal i got where very close the the current EURUSD price and it was always a SHORT setup

also when the price moved up it came with new setup following the price up

i get the feeling it has no real strategy just give a signal of 8pips stop and arround 8+ pips profit

for the current price

 

wil test it some more

 

That is my experience as well...there are way too many pop ups for me to deal with, so I am going to give it a rest and see if the developer will respond to my questions. Happy testing...

[soundfx]

Re: Forex Mercenary

 

Hi whitenoise,

 

Thanks for the link!

 

This one actually generates signals, they're streaming through every few minutes =D>

 

They all seem to be Short signals which is odd, particularly as EU is going up right now lol, and at least one trade has been stopped out.

 

I also noticed that all signals in a backtest I ran were Short which is strange (not to mention the signals which were generated on Christmas day and other non trading days :o ). The backtest makes no sense to me whatsoever.

 

Ok - here are some results from the last hour's signals (time is GMT+1):

 

The results I've calculated from looking at 1 min charts. Also because the Entry price isn't stored in the signal history (amazing doh!), I've had to estimate the entry price by taking the close price of the 1M bar before the signal bar.

 

Time Type Entry Stop Target St.pips Tg.pips Result

20:35 Short 1.4494 1.4502 1.4487 8 7 -8

20:40 Short 1.4497 1.4505 1.4490 8 7 -8

20:45 Short 1.4498 1.4506 1.4491 8 7 -8

20:50 Short 1.4500 1.4508 1.4493 8 7 -8

20:55 Short 1.4498 1.4504 1.4489 6 9 -6

21:00 Short 1.4503 1.4510 1.4495 7 8 Open

21:05 Short 1.4505 1.4512 1.4497 7 8 Open

21:10 Short 1.4503 1.4511 1.4496 8 7 Open

21:15 Short 1.4500 1.4510 1.4495 10 5 Open

21:20 Short 1.4502 1.4501 1.4486 -1 16 No Trade

21:25 Short 1.4502 1.4512 1.4497 10 5 Open

21:30 Short 1.4500 1.4508 1.4493 8 7 Open

21:35 Short 1.4502 1.4500 1.4485 -2 17 No Trade

 

I went and closed the mercenary window before doing all my calculations and noticed that there were a couple of odd looking trades - I'm pretty sure I copied all the prices down correctly, so I've labelled those as "No Trade".

 

Plenty of losses being taken here as you can see. The signals seem to be permanently stuck on "Short".

 

With signals like this every 5 mins, if we traded them all it would have to be with a very small lot size because the open trades could build up significantly in a tightly ranging market, where neither the stops or targets are hit for a long time.

 

This staggering of trades reminds me of the classic "grid" trading system, we can have loads of trades open at the same time and whichever direction price surges in next will determine whether they all start closing in profit or all start closing at a loss.

[thesecret]

Re: Forex Mercenary

 

Very strange "system" ...makes no sense to me. X_X

[outcast]

Re: Forex Mercenary

 

:-/ this has me confused as well

 

Do you take every setup given or take anyone of them and keep adjusting the limit or just take 1 and wait and see (which is what I have done) and am waiting to see lol

there was one short given where the limit was above the entry makes no sense

I asked question when they had the pre release blog up and mine were just deleted and not showen so that told me alot

 

I wait till next week and see if there is any improvement as maybe the signals are sill getting confused from there server who knows.

[jpksaga]

Re: Forex Mercenary

 

Do we actually open trade as soon as the signal comes? Basically are we doing an Instant order or a Limit Order?

[whitenoise]

Re: Forex Mercenary

 

:-/ this has me confused as well

 

Do you take every setup given or take anyone of them and keep adjusting the limit or just take 1 and wait and see (which is what I have done) and am waiting to see lol

there was one short given where the limit was above the entry makes no sense

I asked question when they had the pre release blog up and mine were just deleted and not showen so that told me alot

 

I wait till next week and see if there is any improvement as maybe the signals are sill getting confused from there server who knows.

 

Could be any number of things going on, but I don't see how on earth this could generate over a 1000 winning trades in a row!

 

The signals come too fast for me to take every trade, so I just put one in earlier today. Got stopped out, but I would have taken profit if I had the system running sooner, before the candle had opened.