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.
As to your opinion so I agree in general.
Especially those author's words are something which need to be clarify (quoted from the first post of this thread):
Quote:
...The EA utilise some sort of "quasi-pyramiding/martingale" effect if the market retracts...
Quote:
...Open all 19 charts and attach the EA to each chart...
...I can also give you access to view this account live for a fee of $469 to prove you are wrong
I hope u understand ...
Yes, and if I refuse to give $469 to you so you will tell that admin is supporting scam on tsd
So, if I do not give money to you so you will attack me (as you did it many times, right?).
Common!
Good job!
---------------
I just looked the the statement here from this post http://www.forex-tsd.com/212868-post9.html (it is login and investir's password in Alpari UK) so I just made the statement:
As I said I am not big specialist on quasi-pyramiding/martingale trading on 19 charts simultaniously 2,000 dollars deposit ...
No need to buy EA and no need to give $469 to you to understand that quasi on 19 charts martingaling are very dangerous anyway.
Do not want to promote commercial systems ...
But if the author posted login and investor password here http://www.forex-tsd.com/212868-post9.html so we can analyze it:
So as we see it is $9,315 on open trades now. May be because the market is reversing ... it may be more if the market is continuing reversal ...
So, may be this author's suggestion is wrong (quoted from the 1st post):
Quote:
Open a demo mini account with a leverage of 1:200 and a minimum deposit of $1,000 ($2,000 is actually recommended to give the EA some room to move). If you are using non-IBFX mini account, then open $10,000 instead.
So, fx-indicators,
we can easy analyze the statements made from login and investor's password.
But what you posted - can not be analyzing easy - not for free and not for $469
We need special software to analyze your statement (one special software already refused to do it so ... that is why I said about "too much edited").
By the way, 10,000 may be too small deposit for this kind of system. And for my opinion, it is necessary to forward test it at least 6 months on demo just to understand about what this EA is ... as author did not give any information about sorry.
Last edited by newdigital; 08-05-2008 at 09:54 AM.
I am not expert for martingale trading, but if anyone use this EA will be having heart attack. For example the EA keep opening new buy position for eur/aud pair, right until today. A deposit size of 2,000 usd wouldn't have enough money to sustain such drawndown. ND is right, at least demo trade it for 6 months to see it performance before invest it on live trading.
It was in April this year in very beginning: equity was down from 11,500 upto 9,200 and it is 2,300 dollars down on equity. And if we count balance - equity on this date so we will get almost same = 2,000. And it is martingale so may be we need to know the max margin as well (which we can not know in this date on the history but we should see it in April's open trades).
To fx-indicators: And your friend's statement (which you posted somewhere above as the prove of something) is started from July of this year. If you are positionning yourself as a specialist doing some evaluation so please do it more properly without any insinuation.
No need to be a specialist to understand that any MTF EAs are much more risky than even any martingale EAs.
Quote:
...The EA utilise some sort of
"quasi-pyramiding/martingale"
effect if the market retracts...
We are having many free indicators to analyze the balance and equity so, how someone can attach this EA to 2,000 dollars deposit - i simple do not understand.
....has been dire from my experience. i am part of a group of investors...and there are about 4-5 of us who have PID. All are experiencing similar with material drawdowns
My account has gone down 50%+ and I emailed the writer to get his thoughts but non-reply from him tells me that he knows the score
Now I expect drawdown from any system but what I am trying to understand is whether PID is a scam in which case I close it and walk away or whether I hang on and wait
I know why there is a drawdown. Its very clear. The pairs are mainly dollar short pairs that are suffering or Commodity long pairs. The dollar is rising and Commodities are falling (AUD being Commodity long pair) hence the pain
Thats the reason why I was asking for backtest reports. The option "close of bar" is pretty accurate and would give a good idea about the potential dd on each pair.
Quote:
Originally Posted by vnathwani
....has been dire from my experience. i am part of a group of investors...and there are about 4-5 of us who have PID. All are experiencing similar with material drawdowns
My account has gone down 50%+ and I emailed the writer to get his thoughts but non-reply from him tells me that he knows the score
Now I expect drawdown from any system but what I am trying to understand is whether PID is a scam in which case I close it and walk away or whether I hang on and wait
I know why there is a drawdown. Its very clear. The pairs are mainly dollar short pairs that are suffering or Commodity long pairs. The dollar is rising and Commodities are falling (AUD being Commodity long pair) hence the pain
Linear Mode
