Since I started this beta project in
October I have yet to blow an account with the default setting, as they stand, some have a small profit for that period around $1,200.00 all mini accounts with no more than 0.10 lot sizes many with 0.01 lot sizes. There have been many losses on these accounts, some for days at a time, but still they managed to do what I originally wanted to provide, a better return, than the bank on an investment. They have and are still doing it.
Remember we started this project with
no stop loss in place and still the accounts remain intact. Yes they are now running with a stop loss...lol
I realize that there are traders that believe, and do manage to make a fortune, in this business over night.
I am not one of them for sure and can not count the amount of money I have lost in four years learning this trade. Made some as well or I guess i would not be here...lol
Excalibur V3 will trade any account, and lot size and if a trader wants a quick return
Excalibur V3 may do, but will most likely kill the account if the risk is not handled properly, it but was never designed to do that.
Excalibur V3 was designed to minimize losses and maintain an account through losses until it could recover in time.
Excalibur V3 as many of my previous posts
stated clearly is not a quick return on an investment. Las Vegas is for that, and I have not been there for a long time. Too busy here I guess trying to make something that works.
Please, run
Excalibur V3 on a demo at your preferred broker first before running on a live account unless it is IBFX. There are know issues with some brokers, 5 decimal places, etc, and if a trade opens, and
Excalibur V3 can not understand the brokers settings properly, it could easily wipe out your account, especially if it is a small account. If the
demo places the trade properly then you can decide if you want to your your preferred broker.
I have several people that have already reserved a copy of the Commercial Version, based on their results on IBFX. I state clearly that I have nothing to do with IBFX. Not even sure if I like them, but I can not devote time to all the other issues realated to other brokers, at this time. Down the road I will look at what we need to do to attend to these issues.
There is no system I am aware of that does not have losses. It is sad that today was the first real day, that traders started to use the Demo Commercial Version, and it had losses. and my mailbox is full of complaints related to losses on the first day. Those that have been running the Commercial Version for several days have not noticed today's losses, due to their gains earlier in the week. My mail box is full of them as well so I guess I am not as frustrated as I could be here.
Please It does nothing to post complains, here but rather suggestions, observations, success stories and losses as well are all important and make all this better working program for everyone.
I do close out trades manually, when I am at the desk here, but let
Excalibur V3 do its job most of the time.
I had a post earlier related to beta testing, but it disappeared
, so hopefully this one sticks...lol
To Success
Bernard
http://www.fxreports.net//