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As everyone see's most of these accounts posted are with FXOpen (Belvedere). The reason why is because they offer 500:1 leverage and all those Belvedere accounts ARE running at 500:1. So beware if you have a lower leverage account and are trading with this EA.
For the first week the EA has made me over 15% in open and closed positions after over 50 trades. I have found from looking inside the EA that it truly does enter trades based on Moving Average and the MACD.
Name : Firdaus
Login : 85720
Viewing Password : x2idumv
Server : Bevedere-Real / Bevedere-Server
Broker : FxOpen
Name : Mirza Mosaddeq Shah
Login : 111063
Viewing Password : kvun3zb
Server : Belvedere-Real / Bevedere-Server
Broker : FxOpen
Thanks
This still does not answer the question I asked before, which is since this EA adds to a lossing position to avg "up" or "down" how does it handle a draw down when it enters trades against the trend? I have been PM telling me I can set my own stops by a current user, but the results shown in the statement have NO stop losses so how and when does it stop adding to a lossing trade?
And again is this an EA the trades with the trend or does it trying to "fade" the trend by trying to pick tops and bottoms, all the statements in the world will be of little use since this EA runs with no stop lose and the day will come when adding to a lossing trade will blow your account up, it be proven already in Las Vegas.
Last edited by Iceman19999; 09-28-2008 at 01:05 AM.
The answer is that it will blow your account like any other martingale. Not because this has happened to me but because there is no known martingale that can survive with no SL, while generating decent daily profit. This is why under the managed account program clients are encouraged to take money out every few weeks.
Also, keep in mind that the indicators they say they use below include the Grafity, ADX, and HeikenAshiMa-BBands-Fisher indicators. This is not true. Although those additional indicators are in the code they are disabled internally. How do I know? Because I have the Source code (mq4).
Here is an exerpt from the expert manual talking about how the EA trades:
Description of Trading System
The xxxxxxxxx.EX4 advisor is based on several forex indicators such as Moving Average, GMACD, Grafity, ADX, HeikenAshiMa-BBands-Fisher. The Martiangle system detects good trend,confirms it using internal indicators and opens the trades to take maximum profit for you. The system does not use fixed stoploss parameter to prevent getting losing trades. The expert advisor monitors each open trade carefully and closes it if reaching takeprofit limit when the trade is successful.
I hope I have helped to answer your question at least a little bit
The answer is that it will blow your account like any other martingale. Not because this has happened to me but because there is no known martingale that can survive with no SL, while generating decent daily profit. This is why under the managed account program clients are encouraged to take money out every few weeks.
Also, keep in mind that the indicators they say they use below include the Grafity, ADX, and HeikenAshiMa-BBands-Fisher indicators. This is not true. Although those additional indicators are in the code they are disabled internally. How do I know? Because I have the Source code (mq4).
Here is an exerpt from the expert manual talking about how the EA trades:
Description of Trading System
The xxxxxxxxx.EX4 advisor is based on several forex indicators such as Moving Average, GMACD, Grafity, ADX, HeikenAshiMa-BBands-Fisher. The Martiangle system detects good trend,confirms it using internal indicators and opens the trades to take maximum profit for you. The system does not use fixed stoploss parameter to prevent getting losing trades. The expert advisor monitors each open trade carefully and closes it if reaching takeprofit limit when the trade is successful.
I hope I have helped to answer your question at least a little bit
Cheers, Supra
Hello.. This is not true. Jason from Malaysia reselling our EA. He said that login from Malay live account. He's just Malay people who want to cheat our product. this is a piracy
He Just bought from us for 1 week ago and try to sell our system.. please check FOREX EXPERT ADVISOR .
We've been changed the password.... no body can opened, even Jason, Malaysian people.
If you read about this, please visit our site. Don't ever trust him (Jason)
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