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Posted

For V1.16, the EA does not have "safe" mode, thus it will open a trade with the preset risk of 1.5%. Bear in mind that the EA can open more than 10 positions during a very short session, if all the trades move in our favor, we will be profiting a lot... :)

 

But as what had happened on last Thursday, the market did not move in our favor and the EA opened sell position for usdJpy in the upward market... so 11 out 13 positions opened by the EA hit Stop Lose and in less than a minute, most accounts down by 18%...:( so be aware...

Posted

Hahahahaha...:)

 

My friend showed me his account yesterday and I could observed that his balance before this " Russian Roulette" hit was $2.4K.... Within a minute, it was down to $2K... Never prepared to see such a BIG lose in seconds with 1.5% default risk...:)

Posted
1.10 allows safe mode... Ive only had it running 2 days on live so nothing really to go on but its slightly profitable, nothing to write home about, but still to early to say i wont see a bad day like they are complaining about.
Posted
This EA is just like another " Roller Coaster" (Besides FGB)

If does not control the risk properly, it will either move your account to heaven or else to hell. :(

 

this EA comes from the FGB vendor...

Posted

I was running 1.1 on live and on demo with one ECN broker ... demo results are impressive, but live ... lossses one after another ... problem is execution time ... prices jump from one place to the other and if it closes is neve the same as EA wants ... this is because my ECN account does not use slippage and closing/opening price are always differen from executed one ...

so ... You should try to find realy fast ECN broker or 5digit non-ECN broker with smaller spread than 2pips ...

one more thing ... 1.1 opens less orders and so is the risk lower

Posted

Since when is the risk lower, when you open less orders?

It depends not only on the amount of ordes but also on the size of the orders and of course placing the orders at the right time on the right direction!

I have used 1.1 and was not really impressed, but the backtest where almost the same like the real trades.

So I made a backtest with 1.16 and since the 4th august I only use 1.16 on my ECN broker account.

I can say that 1.16 is much better and more successful although I have it set up to open up to 8 orders at one time.

Posted
Since when is the risk lower, when you open less orders?

It depends not only on the amount of ordes but also on the size of the orders and of course placing the orders at the right time on the right direction!

I have used 1.1 and was not really impressed, but the backtest where almost the same like the real trades.

So I made a backtest with 1.16 and since the 4th august I only use 1.16 on my ECN broker account.

I can say that 1.16 is much better and more successful although I have it set up to open up to 8 orders at one time.

 

Watch out for your risk setting. If you put 1.5%, if all the 8 trades open are winners, you will have 12% gain within a minute.... What if all the trades go against and lose... you will have 12% lose the other way round.... Just prepare for the worst happen...:)

Posted
I have few friends who used V1.16 with 1.5% risk for Usdjpy. On 4th of this month when UsdJpy suddenly shot up and the EA opened 12 trades with 9 losers, they suffered more than 15% lose within a minute.. Such an unforgetable memory to them :(
Posted
Watch out for your risk setting. If you put 1.5%, if all the 8 trades open are winners, you will have 12% gain within a minute.... What if all the trades go against and lose... you will have 12% lose the other way round.... Just prepare for the worst happen...:)

 

Hi apple1937,

it does not always open 8 trades ;-)

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