Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Lost another 30 pips today on the cable. If anyone is thinking about buying it to trade on their live account, skip it. All it does is lose money, you can do that for free with the freebie EAs.
Hi nittany1,
You are jumping to conclusion too quickly. First of all you are testing the system on one pair which is not a good idea. There was a reason that I develped the EA for several pairs - to enhance the risk of trades. While a trade on a pair loses the others may win so you spread the risk and reduce the chance of losing money.
If you refer to the materials that I have published it is clearly mentioned that PipBoxer can stay in loss zone for several weeks on a specific pair. On some pairs it shows up to 8 consecutive losses so what you have seen in the past few weeks is not abnormal. I am trading it live and I don't regret it because I know the system. I have spread my risk between 8 pairs and it's making money.
The last but not the least if you had tested AUDUSD instead of GBPUSD in the past few weeks there had been not even one losing trade. All of the trades either hit TP or ended up with 4 pips of profit. Then it could change your point of view about PipBoxer.
Thanks for your comments,
Al
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
Please take a look at the following image. This is taken from back-test results for PipBoxer GBPUSD. As you can clearly see PB went down from trade 14 to 24. This means that there were 10 trades that generated drawdowns. Since this pair trades about 2 trades per week this means that for about 5 weeks the system lost money then it took it another 3 to 4 weeks to get back to breakeven. These cycles are quite natural about PipBoxer.
PipBoxer is not for somebody who is looking for instant money. I personally do not beleive in the existence of such systems. There are some trading systems out there that might generate huge amount of money in short period of time but they'll lose it quickly. PipBoxer is different because it's money management tools, risk management tools, and capability of risk diversification help you build your account gradually and constantly. There is almost no quorters that you will go down but of course there are weeks and even months that you see drawdown.
There is also another major difference between PB and many other systems out there. PipBoxer is being monitored constantly. I update the code and parameters to make sure the system reacts to the changes of market behaviour.
Thanks,
Al
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
Two GBPUSD trades got closed on my live account. One gained 28 pips and the other lost 28 pips! I currently have one AUDUSD long trade open on my live account.
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
I have started a discussion around drawdown in ForexFactory. You might be interested in the discussion. Also your feedback is welcome. Click here to view the discussion.
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
One long GBPUSD trade opened on my live account today. It closed at BE-1 pip. On Fx-performance it closed at BE exactly.
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
__________________ Disclaimer: If you trade my EAs or systems or taking my advice including but not limited to selecting a broker, you are doing so at your own discretion. Forex is a risky business. You may lose substantial amount of money by taking the risk of live trading. I shall not be held responsible for your losses or problems of any kind with the broker. PipBoxer.com / PBHelp.com / ForexBrace.com (Free MQL Training) / GridBoxer.com / Investatech.com
I've had the demo active for 2 weeks now. No trades has been done, ever.
M
Version: 2.0.4
Pair: GBP/USD
I've been trading live with it for almost two months. I've never run it on a demo account and backtesting is close to worthless. Right now it's losing me another 83 pips on a short order from last week. It's about 25 pips away from the stop loss.
Linear Mode
