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Channel Trader PRO (channeltraderpro) Discussion | Forex Forum by Myfxbook
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One more point. I lost $3.200 and my average winning trade is around $200. To recover this loss EA must make 15 winning trades. Statistically CTP has ratio 1:95 which means in average after recovery it should make 80 winning rates till next SL.
People here blame brokerage firms which have opposite positions againist us and big investors. Doug price is a good guy. We only need to calculate a new stop loss . Everyone is free to choose from 200 to 330 . i think. A stupid man can offer a stop loss to 700 pips and more. And you are right. But statistically %8 possible to have a drawdown in 10 trades after any draw down. There is no quarantee every DD AFTER WE WAIT MINIMUM W OR 3 MONTHS until THE SECOND DD . it is illogical. It is just a chance)
Wow !!! 9.4% of all of this years profits lost on one trade (22nd Sept 2015). That's going to have hurt someone no doubt.
I was partially interested in this system until I saw that the bulk of the profits made where when it was trading 9 to 12 lot's per pip back in april/may 2015.
I'm always cautious about ANY system that shows and exponential growth as they ALWAYS blow up for one reason or another.
2 losses back to back at 12 Lots per pip would see 40% of this years profits disappear.
Sep 29 2015 at 08:58
Biedrs kopš   11 ieraksti
The creator of Rev Trader Pro using the fake name and photo of Doug Price is now trying to scam people with a different EA ? Again with Synergy FX used as a broker ? There is clearly something shady with this broker, and I talked with Vlad, who first exposed Rev Trader Pro https://www.jltrader.com/2015/01/02/dont-buy-the-hype-rev-trader-pro/ and he said he'll investigate and notify ASIC about this.
Sep 29 2015 at 12:17
Biedrs kopš   76 ieraksti
The creator of Rev Trader Pro using the fake name and photo of Doug Price is now trying to scam people with a different EA ? Again with Synergy FX used as a broker ? There is clearly something shady with this broker, and I talked with Vlad, who first exposed Rev Trader Pro https://www.jltrader.com/2015/01/02/dont-buy-the-hype-rev-trader-pro/ and he said he'll investigate and notify ASIC about this.
I assume you haven't tried any of Doug's EA's? I have purchased all, including REV Trader Pro. I can vouch that they work. This scam broker thing is getting quite tiring sorry.
Sep 29 2015 at 15:15
Biedrs kopš   41 ieraksti
Ana_ane75, thanks for your input.. please contribute only useful conversation to this thread.
Sep 30 2015 at 01:06
Biedrs kopš   67 ieraksti
Ana_ane. I'm very glad I did not listen to nonsense tumors like that when I decided to buy channel trader vortex trader and pivot trader. You obviously haven't owned any of these systems.
Hey why did this current open audusd trade not close while it was in profit? Does channel not have a trailing stop built in?
Sep 30 2015 at 01:07
Biedrs kopš   67 ieraksti
Sep 30 2015 at 05:59
Biedrs kopš   10 ieraksti
I agree with gwindy - I'm running his EA's as well on a different broker than Synergy, and they work great. Don't criticize him or his products unless you have grounds to stand on.
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing.
Sep 30 2015 at 10:30
Biedrs kopš   36 ieraksti
I also use a different broker and get the same results posted here.
Sep 30 2015 at 13:29
Biedrs kopš   25 ieraksti
I also use a different broker and get the same results posted here.
Is there slippage? I'm using Synergy ECN but constantly getting slippage. Thinking to switch
Oct 01 2015 at 06:11
Biedrs kopš   36 ieraksti
I don't seem to get slippage with Pepperstone. I have a forexVPS with them in NY so I get 1ms to the trading server which seems to help.
Oct 01 2015 at 12:20
Biedrs kopš   2 ieraksti
Oh no, I hope this trade doesn't reach the 200 SL, it's already near 100 pips down...
Oct 01 2015 at 12:21
Biedrs kopš   25 ieraksti
Beginning to worry now... Passed the 100pips mark... Thinking of cutting... how about you guys?
Ahmed Abdul Razak (Ahmed808)
Oct 05 2015 at 16:53
Biedrs kopš   12 ieraksti
If this really a very good system, then it should have predicated that it will moving long not short.
I am really started getting worried about this!!!
Oct 05 2015 at 17:07
Biedrs kopš   588 ieraksti
If this really a very good system, then it should have predicated that it will moving long not short.
I am really started getting worried about this!!!
did you predict this move?
can you share your strategy?
Ahmed Abdul Razak (Ahmed808)
Oct 05 2015 at 20:37
Biedrs kopš   12 ieraksti
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!!!
Oct 05 2015 at 21:03
Biedrs kopš   588 ieraksti
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!!!
not lucky when we start using an EA when the EA is in its bad moves... you have to wait to recover your lost. if the EA is able to continue its good win ratio, you'll recover in about 2 months and between 20 to 50 winning trades. :)
I found the risk setup (on the demo account) too high, 1 loosing trade could be 25% of the account, which is really big when the recommendation is 2 to 3% of the account only.
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