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Channel Trader PRO (channeltraderpro) Discussion | Forex Forum by Myfxbook
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Well, I didn't predict this move you smart!! because I am not the expert here!!
That's why - you full of brain - I paid 800 usd to this EA!! okey! and evensted lot's of lost money!!! and now huge DD!!!!
and I won almost 1200 usd and I lost 10,000, now you do the calculations!! and it might be with lost another 5000 usd!!!
You lost by EA. It's a classic. The naivety can be costly. The entity earning EA is always just a developer, because it is not liable for any losses caused by the product sold.
It looks like this AUD trade lost momentum in the direction it was heading judging by the stochastic oscillator on the higher timeframes 4hour and daily. Soon it will be in the overbought area and it should start to come down which is good for us. I think it's gonna wind up to be a nice profitable trade
I'm seriously thinking of getting Dougs Swing Trader EA it's a manual system but looks very good and teaches you to trade manually. Is anyone here using it?
I'm not as optimistic as you... with 140pips DD as I speak. With the recent lost of 200pips just a few weeks back, it really came to me as reliving the slow painful impending death sentence which eventually took place.
Aanyway... fingers cross, hope AUDUSD can reverse 😭
Biedrs kopš   36 ieraksti
I hope this trend changes this week otherwise my account is pretty much blown.
This slow up trend is painful...
Ahmed Abdul Razak (Ahmed808)
Oct 06 2015 at 15:01
Biedrs kopš   12 ieraksti
People what's going on with this EA!!! huge DD and losses!!!
09.29.2015 21:59 AUDUSD Sell 4.53 0.69818 -6369.18 -140.60 -228.89 -4.36%
Total: 4.53 -$6369.18 -140.60 -228.89 -4.36%
Oct 06 2015 at 15:08
Biedrs kopš   132 ieraksti
From my experience every EA has a End of life and this EA is close to that
Sooner or later market kills it be it this EA or Keltner or Revtrader Pro or Pivotal etc.
Manual is the best way to trade however most of us are full time employed and rely on piece of code to make some extra money for us which looks like a distant dream at least to me. After spending nearly 5 years on trying various EA my conclusion is better to trade only high volatility news manually which at least makes you something.
Anywyay tc and all the best
Oct 07 2015 at 06:22
Biedrs kopš   10 ieraksti
If the D1 downward trendline doesn't hold, this trade is toast. Luckily the bullish EOD price action rejected off of it, but we will see how the position unfolds in the next couple of days.
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing.
Oct 07 2015 at 06:34
Biedrs kopš   10 ieraksti
Broke the trendline and tagged the SL.....ouch....
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing.
Oct 07 2015 at 06:34
Biedrs kopš   36 ieraksti
Dammit, SL hit. Sobbing on the inside now...
I bet the whole trend will change direction now.
Going to increase my SL to -220 pips for future trades.
Oct 07 2015 at 12:00
Biedrs kopš   33 ieraksti
I'm seriously thinking of getting Dougs Swing Trader EA it's a manual system but looks very good and teaches you to trade manually. Is anyone here using it?
Would like to try it also but it is not free... and the try out is too short ...
Would be nice if it could be available on a monthly membership basis and based on performance...
Would be also nice to get it at a cheaper rate for the ones that have already invested in the CTP and the VTP...
Oct 07 2015 at 12:45
Biedrs kopš   25 ieraksti
Dammit, SL hit. Sobbing on the inside now...
I bet the whole trend will change direction now.
Going to increase my SL to -220 pips for future trades.
If you did, then it will hit you at -220pips.
Now I'm doubtful about the success of this product. 2 big DD... very painful...
Ahmed Abdul Razak (Ahmed808)
Oct 07 2015 at 12:56
Biedrs kopš   12 ieraksti
People, this EA Forex system made us lost huge amount of money with no or little returns.
Save and protect your money.
first before you buy this for 800 usd and 2nd to protect your hard working money in your account!!
Oct 07 2015 at 13:34
Biedrs kopš   588 ieraksti
People, this EA Forex system made us lost huge amount of money with no or little returns.
Save and protect your money.
first before you buy this for 800 usd and 2nd to protect your hard working money in your account!!
why a Scam? any proof?
its not because an EA suffer bad trades = scam!
the EA worked fine for months and can suffer loosing trade (which is good)
Oct 07 2015 at 15:59
Biedrs kopš   41 ieraksti
people declare scam.. because they can't handle risk.
Anyway, market went on a rampant trend. Here's my solution, I'm adding a trend verification to Channel trader pro, it will automatically update for everyone.
Oct 07 2015 at 16:03
Biedrs kopš   51 ieraksti
I'm adding a trend verification to Channel trader pro.
Thank you Doug for looking out for your clients.
There are many of us who greatly appreciate it.
Oct 07 2015 at 16:17
Biedrs kopš   41 ieraksti
Oct 07 2015 at 17:54
Biedrs kopš   37 ieraksti
Doug is very honest and very good trader.I stoped forex,because of other bad signals and when i ask for refund i get my money in 2 days.Thank you
Oct 07 2015 at 18:14
Biedrs kopš   67 ieraksti
That sounds good Doug. When do you think that feature will be added?
Oct 07 2015 at 18:27
Biedrs kopš   41 ieraksti
I'm already working on it, hopefully within a day or two max.
Oct 07 2015 at 18:32
Biedrs kopš   588 ieraksti
dont make too many changes, this can have bad effects. specialy if the current problem is a temporary problem caused by specific moves on the market... when the market will move normaly again (normaly for your EA for sure) then we'll miss a lot of opportunities or we'll have new bad trades...
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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