FxTyrant EUR/USD System
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Thread: FxTyrant EUR/USD System

  1. #1
    Dear readers,

    Its nearly a year now since I have begun running my EA on a live account on FXDD, maintaining it as secret as possible, and today im glad to announce that I'm posting the system's progress so far ever since the beginning back in April 12th 2010,

    http://www.myfxbook.com/members/bgug...d-live-1/26393

    this is one of many systems im running live and testing out, the reason im posting the data out now is simply because we have begun to realise FXDD our broker is starting to control the slippage on the account leading to our EA to eliminate trading opportunity, none the less we are still capable of making profit, but not as much.
    I have decided to transfer brokers in the end of this year and will abandon this account inactive and the information here just for reference to our system's performance.

    Once again I highlight the significance that this system of our is trading EUR/USD along with the information provided is a Live Trial utilizing real money!

  2. #2
    Quote Originally Posted by ;
    .. .so you utilize disaster stops simply, is that appropriate?
    Similar, 210 pip SL has always been the area of the next day strongest S/R place on the commerce put, Sl not changes, nevertheless TP varies from 10-12 pips

  3. #3
    Quote Originally Posted by ;
    Similar, 210 pip SL has ever been the region of the next day strongest S/R place on the trade placed, Sl not changes, nevertheless TP varies from 10-12 pips
    Entertaining, turns the standard wisdom on R:R on its mind.

  4. #4
    Draw down is more important that winning. Martingales... like bulletproof uses...
    broad ceases and slim take profits... it's all a disaster waiting to happen.
    It was fine of you to place your system.

    thanks.

  5. #5
    Quote Originally Posted by ;
    draw is more important that winning. Martingales... like bulletproof uses...
    wide ceases and narrow take profits... it is all a disaster waiting to happen.
    It was nice of you to post your system.

    thanks.
    Yea well paul, im sorry to say but as you can see my system's losses though its 210pips its not consecutively lost, so long as it keeps this manner, my Consecutive wins that this robot so often make would easily out triumph any losing scenario. .
    Reason for this 210 pips is for some time to time this 210 pips stored my bum, when commerce entered technically triggered and normally TP should be within 10-30 minutes, any fundamental shocks would decidedly be withstanded by my 210 pips as long as the transaction entry is at a technically sound area.
    The 210 pips is there for a reason to withstand fundamental consequences on EURUSD.
    Few times now that EURUSD has attempted to achieve my 210 pips sl but infrequently reaches it, it always turn back to hit my TP before my 210 pip sl
    I understand 210 pips seems frightening but so long as the transaction entry is sound, all is fine
    thats why im changing brokers, FXDD has identified me as a threatening client, currently sending me mails about shutting down my account due to the growth, right now they dont have a motive so they are messing with me with slippage and that would in effect make my robot enter transactions in a incorrect Price Level, which indeed would wind up disastrous. Thats why ive gone into an ECN broker.

  6. #6
    I have heard of this 210 stop loss method before. Actually I know a trader which uses a few hundred pip stop loss and also his Take Profit is usually around 20-30 pips in that case. I personally like to be sure my risk/reward is usually 1:2 but sometimes 1:1. I do not have the desire to get a 20:1 or 50:1 risk/reward.

    What's your average Take Profit in your transactions?

  7. #7
    Quote Originally Posted by ;
    I know of this 210 stop reduction method before. Actually I know a trader that uses a few hundred pip stop loss and his Take Profit is usually around 20-30 pips in that case. Personally, I like to be certain my risk/reward is usually 1:2 but sometimes 1:1. I don't have the appetite for a 20:1 or 50:1 risk/reward.

    What is your usual Take Profit in your transactions?
    I understand what you mean but yea my usual take profit fluctuates on Money Management but in pips its fixed on 10 and 12 pips

  8. #8
    In trading, risk/reward is all about. I haven't ever seen a method endure that has this kind of dreadful risk/reward (unless you're using a manual stop of some kind, that is not indied). RUN from this method!

  9. #9
    Quote Originally Posted by ;
    In trading, risk/reward is everything. I haven't ever seen a system endure that has this sort of dreadful risk/reward (unless you are using a manual stop of some kind, that is not indied). RUN from this system!
    Lol risk/reward isn't everything friend....
    Oh well apparently folks know more than I do knowing I developed it over 2 years interval, oh wells ill just enjoy making money from itby the way in which the robot rarely commerce during EURUSD busy hours.

  10. #10
    Yes, I'd say with developing a system with this kind of risk reward, people do know more than you do, and also have more expertise. Many people are really happy with this kind of a system for weeks or years, till they hit the stop loss just twice in a row, then they realize the previous 2 years was a huge waste of time. However, have fun making those profits while you can, until you hit the stop loss several times.

    Quote Originally Posted by ;
    Lol risk/reward isn't everything buddy....
    Oh well apparently folks know more than I knowing I developed it over 2 years period, oh wells sick just like making money out of itby the way the robot rarely trade during EURUSD active hours.

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