Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => Manual Systems, Trade Journals, Indicators, Manual Trade Help => Topic started by: rsmereka on July 21, 2021, 12:34:02 AM

Title: Forex Adventures
Post by: rsmereka on July 21, 2021, 12:34:02 AM
This trading journal thread is all about my Forex adventures,

Not my past adventures but my current and future adventures.

Tuesday July 20, 2021, I set up a brokerage account with Blackbull Markets in New Zealand. As a Canadian, New Zealand is pretty much the last safe (read regulated but not too tight like NFA in the US  [and Canadian brokers have followed along with NFA] or FCA in the UK, ASIC in Australia or ESMA in Europe) area unless I want to go with offshore, which I don't.

That brokerage account has been setup with two MT4 accounts. Live account one (1) has been loaded with 80% of my capital and Live two (2) contains the other 20%.

To start with, Live 1 will be trading using the PZ Day Trading EA. I plan to eventually trade EURUSD, GBPUSD and USDJPY on this account but I am introducing the pairs slowly to make sure nothing untoward takes place.

Fri Aug 15, 2021: I had enough of PZ Daily Trading EA scalping with small wins and large losses. Since July 20, the EA has made a tiny $370.19 CAD along with wide fluctuations from plus $5K to minus $1K.

I placed another subscription on account Live1 to My Forex Signal from SignalStart on this account at 3x.

Live 2 is trading My Forex Signal from SignalStart (https://www.signalstart.com/analysis/my-signal-forex/197313).

Wed Aug 18, 2021: I removed the My Forex Signal from my Live2 account and added a subscription to EverGreenFx Forex Signals (https://www.signalstart.com/analysis/evergreenfx/208468) at 1x.

I have also connected both accounts to both major publishers FXBlue and MyFXBook. FXBlue shows some account information in the transaction list so I have put a pin number on it's web pages.

The MyFXBook URL's are:
1. https://www.myfxbook.com/members/rsmereka/live1au/8693007
2. https://www.myfxbook.com/members/rsmereka/live2au/8693043

My watchlist is available for everyone to read. It is a plain text file. I try to keep it updated each trading day. Get it from http://alpine.future-lab.com/tmp/watchlist.txt

This post will be updated with the most accurate information upon any change.

Stay tuned for more adventures.
Title: Re: Forex Adventures
Post by: HFT Group on July 21, 2021, 03:12:06 AM
There is a forum discount deal available for anyone interested in using BlackBull Markets.

https://donnaforex.com/index.php?topic=22811.0
Title: Re: Forex Adventures
Post by: diyforexskills on July 21, 2021, 03:36:00 AM
There is a forum discount deal available for anyone interested in using BlackBull Markets.

https://donnaforex.com/index.php?topic=22811.0

.... and gain even more by checking out this link  https://donnaforex.com/index.php?topic=23530.msg402048;topicseen#new as well.
Title: Re: Forex Adventures
Post by: rsmereka on July 21, 2021, 04:04:40 AM
Sorry guys,

Institutional account.

Even if it was not, I am not a fan of rebates.
Title: Re: Forex Adventures
Post by: diyforexskills on July 21, 2021, 07:50:30 AM
Thanks for sharing. I will be following your adventures.

I assume that if any on your watchlist becomes compelling you will either reallocate capital or assign new capital, from your profits.
Title: Re: Forex Adventures
Post by: rsmereka on July 21, 2021, 04:43:00 PM
Thanks for sharing. I will be following your adventures.

I assume that if any on your watchlist becomes compelling you will either reallocate capital or assign new capital, from your profits.
Absolutely,

I just added the second pair (EURUSD) to Live 1. Overnight, I got 0.6 pips on a USDJPY trade on live 1. My Forex Signal was the star with 2 EURUSD trades on Live 2 for a total return of 0.157%, 31.3 pips. There is another EURUSD trade in progress on Live 2.
Title: Re: Forex Adventures
Post by: rsmereka on July 22, 2021, 06:38:08 PM
I just added the third currency pair, GBPUSD to my Live 1 account,

Today, so far on my Live 1 account, EURUSD has had four winners and made up some for yesterdays loss. The account is still at bit in the red (0.17%).

My Live 2 account also had four EURUSD winners although I am concerned about one of the two open trades (also EURUSD buy) that currently is some 57 pips in the hole.
Title: Re: Forex Adventures
Post by: diyforexskills on July 23, 2021, 03:17:38 AM
I would not be too worried about that My Signal trade in the red for a bit. It's the way he trades. Just look at the sequence back in June for instance as per image.

Of course if one of his large recovery trade (4 or 5 lots) got out of hand..... But that has not happened since he started in 2018. He always starts a sequence with small contract.
Title: Re: Forex Adventures
Post by: rsmereka on July 23, 2021, 03:56:28 PM
I would not be too worried about that My Signal trade in the red for a bit. It's the way he trades. Just look at the sequence back in June for instance as per image.

Of course if one of his large recovery trade (4 or 5 lots) got out of hand..... But that has not happened since he started in 2018. He always starts a sequence with small contract.
No worries here. I just checked my ddmon EA right on the account and the current floating DD is 0.55% and there are three open trades all at the same lot size. I'll keep an eye out for the recovery trade nevertheless.
Title: Re: Forex Adventures
Post by: rsmereka on August 01, 2021, 04:42:41 PM
July Performance:

I closed my first trade on Wednesday Jul 21.

Live1 account had 26 trades, 22 wins, 4 loss, 85% win rate, profit factor 1.87, 70.6 pips, avg pips per trade 2.0, return 1.1% in 8 trading days

CP breakbown:
EURUSD 13 trades, 11 wins, 2 loss, 85% win rate, profit factor 1.22, 28.7 pips, avg pips per trade 1.8

GBPUSD 7 trades, 6 wins, 1 loss, 86% win rate, profit factor 1.03, 8.8 pips, avg pips per trade 1.3

USDJPY 6 trades 5 wins, 1 loss, 83% win rate, profit factor 129,941.00 19.9 pips, avg pips per trade 3.3

Live2 account had 15 trades, all wins, 329.5 pips, avg pips per trade 22, return 1.8% in 8 trading days

It appears as though account Live1 is trading like a mostly like a scalper and my account overhead is too high for this type of trading. I am considering a change on this account but I would like to give the EA a proper opportunity.

I am very pleased with Live2 account performance. It seems as though this signal should be on the (much larger) Live1 account but I need to build confidence for that.
Title: Re: Forex Adventures
Post by: rsmereka on August 13, 2021, 07:44:03 PM
I was not happy with what PZ Day Trading EA did with my larger Live 1 account from Jul 20 to today. There were some large fluctuations in balance only to be taken out by large losses which is typical scalper behavior.

I removed PZ Day Trading EA from my Live 1 account.

During the same time, I have become a huge fan of My Forex Signal from SignalStart so I replaced PZ Day Trading EA with another subscription to My Forex Signal from SignalStart. I set the risk multiplier to 3x. I have been monitoring the floating DD (using my ddmon EA) on the Live 2 account with the same signal subscription at 2x risk and the largest DD was just over 5% between Jul 20 to today.

I am hoping that this change will be part of a larger plan where the Live 1 account will run the signal My Forex Signal and my Live 2 account will run EverGreenFx Forex Signals. This second part is scheduled for August 18 when my existing subscription on the Live 2 account expires.
Title: Re: Forex Adventures
Post by: diyforexskills on August 14, 2021, 03:25:22 AM
Wow, 3x risk; that should result in some exciting times every now and then.

If you look back to last year, there are times when he trades large lot sizes (as per image), and several of them can be open at the same time as he seeks to close out a position in profit.

So there could be anything up to 10 lots open at once; on a $15K account at 1x risk. So if you trade at 3x risk on a $150K account, you would have 300 lots of open trades! Exciting - $3K per pip movements.  These are the situations when most of the money is made as you can see when you look at the equity curve from around March to August 2020. You will need very high leverage (500:1) to avoid a margin call with such level of open positions I suspect; master account trades at 100:1 so that provides a bit of leeway. And/or maybe trade on a somewhat smaller account and have $20 to $30K sitting in a dormant account ready to add if needed. Just my thoughts from someone who lost $30K overnight once because he got too greedy trading at too high a risk.
Title: Re: Forex Adventures
Post by: rsmereka on August 14, 2021, 04:13:00 PM
It is just an experiment for me,

On paper, it should work.

Thanks for the suggestion. I have my Live 2 account ready to pitch in if necessary.

Stay tuned.
Title: Re: Forex Adventures
Post by: rsmereka on August 19, 2021, 04:46:24 PM
As mentioned in post #10 of this thread, yesterday (Wed Aug 18, 2021), I removed the My Signal Forex subscription from my Live2 account and added a EverGreenFx Forex Signals (https://www.signalstart.com/analysis/evergreenfx/208468) subscription at 1x risk.

This was made possible by the close, nicely in profit, of the My Signal Forex basket. I was getting ready to delay removal of the subscription (which would have cost me another month fees) when the basket closed. Before I time to react, the first trade of a new basket opened. I manually closed this and took the small loss.

I am telling you right now that you need a very strong stomach to trade EverGreenFx. This current basket has already hit 53.6% floating DD in a basket of 19 trades.

I also added the new ORDequity For GENERAL ECN Forex Signals (https://ordequity.signalstart.com/analysis/ordequity-for-general-ecn/218334) to my watchlist and, since we cannot possibly subscribe to the other two ORDequity signals, I have removed these from my watchlist.
Title: Re: Forex Adventures
Post by: reinerh on August 19, 2021, 06:37:29 PM
hi rs,

nice to see you are sharing your journey.

i would not have dropped my signal, he seems to be a damm good manual trader. yes he trades news occasionally = after the release but thats what i do as well and is a very valid method.

with evergreen you know the inevitable outcome, it has happened so many times before.

sure hope you run that one very very small risk.

i looked at some of the signals offered = signalstart, and most are traded on very strange never heard before brokers which is kinda strange. evergreen is at least with a good broker. but be very very carefull with that one.

all the best and green pips to ya :)
Title: Re: Forex Adventures
Post by: rsmereka on August 20, 2021, 02:46:42 PM
hi rs,

nice to see you are sharing your journey.

i would not have dropped my signal, he seems to be a damm good manual trader. yes he trades news occasionally = after the release but thats what i do as well and is a very valid method.

with evergreen you know the inevitable outcome, it has happened so many times before.

sure hope you run that one very very small risk.

i looked at some of the signals offered = signalstart, and most are traded on very strange never heard before brokers which is kinda strange. evergreen is at least with a good broker. but be very very carefull with that one.

all the best and green pips to ya :)
Hi reinerh,

If you study my changes, you will realize that I have not dropped My Signal Forex. I initially had it running on my smaller Live2 account starting Jul 20 and then on Aug 13 I put the signal on my large Live1 account at 3x risk and then, when the smaller account Live2 was coming up for renewal, I swapped it out for EverGreenFx at 1x risk.

I am also concerned with all the brokers that I have never heard of. My Signal Forex is one of them using NPBFX. I am extra cautious with these.

cheers
Title: Re: Forex Adventures
Post by: reinerh on August 21, 2021, 01:07:02 AM

ah ok, i thought you dropped him. yes his broker is a weird one as well, which i will never understand.

faking stats till signal goes public comes to mind. i am following several very close now to see if there is anything fishy. i cant find a way to see when they were listed, but this one for example.........................

https://www.signalstart.com/analysis/currencydrive/218014

this one looks suspicious, great gains then falling of. that one i watch closely.
Title: Re: Forex Adventures
Post by: rsmereka on August 21, 2021, 04:09:20 PM

ah ok, i thought you dropped him. yes his broker is a weird one as well, which i will never understand.

faking stats till signal goes public comes to mind. i am following several very close now to see if there is anything fishy. i cant find a way to see when they were listed, but this one for example.........................

https://www.signalstart.com/analysis/currencydrive/218014

this one looks suspicious, great gains then falling of. that one i watch closely.
On the SignalStart signal page the alleged account start date is the beginning of the chart, however, the account may have been not listed on SignalStart until recently. Take the signal you mentioned, it's system start date was allegedly  Jan 27, 2021 but it was added to SignalStart on Aug 11, 2021 (you get this on the main signal search page). One of the tricks that is commonly used (and a lot of people complain about) is that a fake trade history is created with a dogey broker and then published to MyFXBook and then to SignalStart (SignalStart is owned by MyFXBook). That signal you mentioned has been added to diyforexskills watchlist (https://donnaforex.com/index.php?topic=22628.30 post #36). I as well put it on my watchlist (http://alpine.future-lab.com/tmp/watchlist.txt) but I am very skeptical especially with the broker Perl Capital Markets.
Title: Re: Forex Adventures
Post by: reinerh on August 21, 2021, 05:18:49 PM
Take the signal you mentioned, it's system start date was allegedly  Jan 27, 2021 but it was added to SignalStart on Aug 11, 2021 >>>>>>

aha, thanks. good to know, that one can see when it was added to signalstart, because thats key.

as you can see performance dropped of significantly after being published on signalstart. this one in particular raised alarm bells with me before knowing when it was added.

but if signalstart has a history of publishing scam signals that would truly be a shame, because i think there are honest ones as well.
Title: Re: Forex Adventures
Post by: rsmereka on August 22, 2021, 04:38:48 PM
Quote
aha, thanks. good to know, that one can see when it was added to signalstart, because thats key.
You are very welcome.
Quote
but if signalstart has a history of publishing scam signals that would truly be a shame, because i think there are honest ones as well.
That is exactly it. You have to check and test everything, the good and the bad because it may be either. Fortunately, sometimes we get hints and one of them is the dogey broker. It is true that a reputable broker will not allow a fake trading history. I also wish that we could trust SignalStart to not allow this activity.
Title: Re: Forex Adventures
Post by: reinerh on August 25, 2021, 07:27:55 PM
sheesh, rs

you have balls of steel, i would have gotten a heart attack..............

your live 2 i peeked at the other day, almost fell outa my chair, you ran evergreen full tilt so it seems.

you sure deserve the green after that high stakes endevour.

go get yourself some good champagne :)
Title: Re: Forex Adventures
Post by: rsmereka on August 26, 2021, 08:29:01 PM
Thanks for your kind words,

Although... some would say that I should not be let loose  :o

The 20% capital I gave to the Live2 account was dedicated to very high risk. If it melts down, I loose 20%. So far, it's pay off awesomely. EverGreen so far has returned 35.28% (he says drooling all over the keyboard) since I subscribed Aug 18 (7 trading days inclusive). Things were pretty dicey right after I subscribed up to about Aug 20. Floating DD hit 64% (I get a break with this because I am running 500:1 instead of the provider's 200:1). The provider hit 73% DD on that basket. Things have really calmed down which is good. For a while, I was thinking about installing a defibrillator.

And yes, full tilt, 1x, it's the only way to fly.
Title: Re: Forex Adventures
Post by: fxopen78 on August 26, 2021, 11:34:57 PM
Nice adventure, is it automated trading right?
How long time already running an account?
Title: Re: Forex Adventures
Post by: diyforexskills on August 27, 2021, 02:22:05 AM
Thanks for your kind words,

Although... some would say that I should not be let loose  :o

The 20% capital I gave to the Live2 account was dedicated to very high risk. If it melts down, I loose 20%. So far, it's pay off awesomely. EverGreen so far has returned 35.28% (he says drooling all over the keyboard) since I subscribed Aug 18 (7 trading days inclusive). Things were pretty dicey right after I subscribed up to about Aug 20. Floating DD hit 64% (I get a break with this because I am running 500:1 instead of the provider's 200:1). The provider hit 73% DD on that basket. Things have really calmed down which is good. For a while, I was thinking about installing a defibrillator.

And yes, full tilt, 1x, it's the only way to fly.

At this rate you will soon be driving that Lamborghini across the prairies in the summer; and cruising the Bahamas in that new super yacht during the Canadian winter. The Gulf Stream jet may have to wait a little unless you up the risk a bit more.   :)  Enjoy!
Title: Re: Forex Adventures
Post by: rsmereka on August 27, 2021, 12:34:39 PM
Nice adventure, is it automated trading right?
How long time already running an account?
Hi,

Yes, it is automated.

All you questions are answered in post #1 of this thread which always contains the current system status along with the previous status.
Title: Re: Forex Adventures
Post by: rsmereka on August 27, 2021, 12:38:56 PM
Thanks for your kind words,

Although... some would say that I should not be let loose  :o

The 20% capital I gave to the Live2 account was dedicated to very high risk. If it melts down, I loose 20%. So far, it's pay off awesomely. EverGreen so far has returned 35.28% (he says drooling all over the keyboard) since I subscribed Aug 18 (7 trading days inclusive). Things were pretty dicey right after I subscribed up to about Aug 20. Floating DD hit 64% (I get a break with this because I am running 500:1 instead of the provider's 200:1). The provider hit 73% DD on that basket. Things have really calmed down which is good. For a while, I was thinking about installing a defibrillator.

And yes, full tilt, 1x, it's the only way to fly.

At this rate you will soon be driving that Lamborghini across the prairies in the summer; and cruising the Bahamas in that new super yacht during the Canadian winter. The Gulf Stream jet may have to wait a little unless you up the risk a bit more.   :)  Enjoy!
Sure,

It's only a tiny piece of a very long adventure/journey:

Quote
The woods are lovely, dark and deep,   
But I have promises to keep,   
And miles to go before I sleep,   
And miles to go before I sleep.

Title: Re: Forex Adventures
Post by: rsmereka on September 02, 2021, 04:57:35 PM
I am trying to withdraw 50% of my August profit and EverGreenFX is going wild again. 39.3% floating DD. I don't think it would be a wise time to withdraw 20% of current equity.

BTW, MyFXBook is f'u*ked up again. Last update over two days ago. One more reason I don't like MyFXBook.
Title: Re: Forex Adventures
Post by: diyforexskills on September 03, 2021, 02:17:59 AM
Yes, I guess the timing of withdrawal will often be an issue with Evergreen. Everything seems so much more sedate with many more opportunities to withdraw and/or adjust risk setting without having to worry about margin call with My Signal Forex. But of course less risk, less reward.
Title: Re: Forex Adventures
Post by: rsmereka on September 03, 2021, 02:53:47 PM
And because of that delay, todays dump in EverGreenFX hit fairly hard. Wiped out all the profit and landed me also digging into my startup capital some $1,347 with a remaining floating DD of almost 13K. Now I have a choice. Take the additional 13K loss and get out or hope for a recovery like last time.

For the time being, I am going to stick it out being the masochistic that I am.
Title: Re: Forex Adventures
Post by: diyforexskills on September 14, 2021, 09:08:32 AM
We're both copying the same signal onto the same broker but yesterday you had a 3% loss while I had a 3% gain.

The big difference of course is the size of our respective accounts and our risk multipliers. So just wondering whether the very large lot sizes (up to almost 100 lots sometimes, yesterday 55 lots) on your account may not be optimal for getting in and out of trades especially since these large trades are often only for a few pips. If that is so, would splitting the account be worthwhile? The extra copying costs would be in the noise if say you split two or three ways. Just a thought.
Title: Re: Forex Adventures
Post by: rsmereka on September 14, 2021, 11:46:03 PM
I have been trying to find the cause of yesterday's 3.2% drop. The signal provider and you did not have this. I never did find the cause. The lot sizes were large (55.03 lots times trades) but the lot sizes have been almost double that.

I also received a call from my Blackbull rep telling me that the lot sizes presented too much risk and gave me a choice between a reduction in leverage to 400:1 and a max of 120 open lots in play or a reduction in leverage to 300:1 without any size limit. I choose 400:1 with the lot limit. I just emailed my rep asking if that:

1. applies to both trading accounts
2. is the lot limit per account or both accounts

I already have two MT4 accounts so I am not considering another account.

I have also reduced the risk multiplier on the Live 1 account to 2x (like you).

I am very suspicious that the basket of trades yesterday was subject to broker interference before they called me.
Title: Re: Forex Adventures
Post by: rsmereka on September 16, 2021, 01:52:23 PM
Another mystery drop today of 1.9% on my primary Live1 account.

Another case of the signal provider not recording this loss  :'(
Title: Re: Forex Adventures
Post by: diyforexskills on September 16, 2021, 11:47:56 PM
Nor me, but I am only on a $4K account.
Title: Re: Forex Adventures
Post by: reinerh on September 17, 2021, 01:47:55 AM
Another mystery drop today of 1.9% on my primary Live1 account.

Another case of the signal provider not recording this loss  :'(

nope, you had a missing green trade, a sell, it was only 1.6 pips but mega lot size = 10
Title: Re: Forex Adventures
Post by: diyforexskills on September 17, 2021, 04:11:23 AM
Can't help but feel that these large lot sizes have trouble being filled. Judging by relative account size, the sell trade you missed would have been some 120 lot on your account.
Title: Re: Forex Adventures
Post by: rsmereka on September 17, 2021, 05:27:35 PM
Thanks guys,

I agree about fulfilling an open on a trade with a large lot size. It's my %*(#! broker combined with the size of the account combined with the trading style of the signal provider. A toxic mixture. Pi*ses me off.

I dropped my risk on the Live 1 account again. Now at 1X.

Grumble, grumble  >:(

On another note, my Live 2 account running EverGreenFX finally got out of the red and back in (really minimal) profit at $205.54. Now if I can only claw and scrape my way back to where I was, but I doubt it.
Title: Re: Forex Adventures
Post by: rsmereka on September 27, 2021, 04:59:07 PM
First, some complaints about this site (that I find unusual about this forum in comparison to other forums):

1. I cannot modify any of my posts that are not in the current month. Right now, for example, I cannot modify any post before Sep 1, 2021. This really puts the kaibash to my plan (that I have been using since 2008) of using post #1 of my journal as the current status so people can just look at post #1 as an 'executive summary'.

2. Registered account holders cannot have more than two account references in their signature.

Since I cannot modify post #1, you need to read the entire thread to figure out what I am trading and when I started trading it.

Last Thursday (Sep 23rd), I subscribed to diyforexskills DIYProTrader signal on a new 3K CAD Blackbull Markets Prime account at 400:1 leverage. The account on MyFXBook is:

https://www.myfxbook.com/members/rsmereka/live3au/8977406

Since I can only have two account links in my signature, this account, being the smallest will not be part of my signature.

This account is also published on FXBlue but is locked by a pin because FXBlue puts account numbers visible in certain account records (deposit and transfer).
Title: Re: Forex Adventures
Post by: rsmereka on September 28, 2021, 10:28:09 PM
Today,

My Live2 account running EverGreenFX recorded a 6K floating profit so I used the opportunity to stop running that signal. By the time I reacted, the 6K profit turned to a 2K profit but I exited cleanly and transferred half of the profit to my Live1 account.

The timing was not ideal (as last week, I opened an additional account and started trading DIYProTrader).

I don't think I want to put DIYProTrader on my 40.5K Live2 account just yet.

So, I have an account not trading anything.

I looked at a few choices from my watchlist and there is nothing that want to trust.

Any suggestions?
Title: Re: Forex Adventures
Post by: rsmereka on October 12, 2021, 04:06:48 PM
Today,

The last Live 1, My Signal, GBPUSD trade was in reasonable profit today so I manually closed it and cancelled the SignalStart signal subscription. This signal wiped out all but 2K of my accumulated profit.

Now I need to find something to trade on my Live 1 account.
Title: Re: Forex Adventures
Post by: reinerh on October 12, 2021, 07:33:47 PM

my signal has me stumped to no end, since i dont think his history was faked and i watched his trades like a hawk and was impressed.

it could not have been pure luck = his history and my observed forward time. my manual trading is very very similar to his thats what i liked about his style.

but he let several trades get totally out of bound, large risk too. makes no sense.

Title: Re: Forex Adventures
Post by: rsmereka on October 12, 2021, 08:43:03 PM

my signal has me stumped to no end, since i dont think his history was faked and i watched his trades like a hawk and was impressed.

it could not have been pure luck = his history and my observed forward time. my manual trading is very very similar to his thats what i liked about his style.

but he let several trades get totally out of bound, large risk too. makes no sense.
I think megabot was right on the button, but of course, I did not act on the assessment. Revenge trading https://mytradingskills.com/revenge-trading/ (https://mytradingskills.com/revenge-trading/)... (Note: I have no affiliation with this author). Allowing the losses to get out of control and then trying to counteract with suicide lot size revenge trades. Dangerous management on losers.

I also had other issues that no one trading this signal had which revolved around the size of my account (balance), my leverage as set by my broker (Blackbull Markets) and the looney-tunes lot sizing of this signal. It got so scary that my broker rep called me (yeh, this broker calls people... go figure) and issued an ultimatum. Either I had my leverage reduced to 400:1 (from 500:1) and a cap on total lots to 120.0 at any one time or leverage set to 300:1 without any lot cap. I went for curtain #1.

I also increased my SS risk multiplier to 3X from 2X (which is what diyforexskills was running).

Twice after that (i suspect), my broker failed to open a key trade and I lost large sums (-3.2% and -1.5%). I further reduced my SS risk multiplier to 2X after the first lo large loss. I discovered that change was insufficient after the second large loss. I then reduced the SS risk multiplier to 1X.

To put this into prospective, in September, I traded 1,186.35 lots on this signal only.

I managed to exit this signal suffering a large decline form the high point but with my equity in tact and an insultingly small profit considering what could have happened.

Here endeth the lesson.
Title: Re: Forex Adventures
Post by: rsmereka on October 13, 2021, 04:55:44 PM
Today, I gave the ORDequity For GENERAL ECN Forex Signals signal from SignalStart the boot from my Live 2 account. It started to loose big and opening very large lot sizes.

I put the FXQuasar EA ($279 from Forex Store https://forexstore.com/fxquasar) on my Live 1 account. This EA has accumulated a long live history (since Jul 06, 2020) https://www.myfxbook.com/members/fx_quasar/fxquasar-audusd/9010229 trading with a well known broker (FXOpen).
Title: Re: Forex Adventures
Post by: diyforexskills on October 14, 2021, 03:09:38 AM
Your Live1 myfxbook has not updated since 5 October.

Quasar looks interesting. An EA that does not use indicators, only pure price action and a refund policy if your account goes beyond the max DD of around 38%.
Title: Re: Forex Adventures
Post by: rsmereka on October 14, 2021, 05:14:25 PM
Your Live1 myfxbook has not updated since 5 October.

Quasar looks interesting. An EA that does not use indicators, only pure price action and a refund policy if your account goes beyond the max DD of around 38%.
Thanks for the heads up. I gave MyFXBook a kick on my Live 1 account and the stats are current but not accurate. FXBlue stats are completely different on the same account. F'n MyFXBook and their need for semi-constant intervention and the calculation errors.

FXQuasar had it's first win today. I like the hedging. It greatly reduces the margin requirement. Too early to say for sure but, so far, doing ok.

Add the clause "when using the recommended settings" to the refund condition.

I am using OOTB settings.

I just noticed a quirk in the FXQuasar MyFXBook stats (link in post 41) concerning the trade opened Sep 29 (only trade opened that day) and closed Oct 4. It was a loss at $240.95 but look at the pips... Zero and the gain at -100.0%... WTF I suspect more MyFXBook calculation nonsense (at least that is what I hope it is).
Title: Re: Forex Adventures
Post by: jwatts7701 on October 14, 2021, 06:44:26 PM
rsmereka, I have serious concerns about the many lengthy histories of martingale histories running on fxopen. I believe that the broker is involved. And I also think that they are ALL by the exact same author!

- this includes 90% of the EAs on the forex store (forex incontrol, forex truck, fx quasar, fx stabilizar, fx diverse, fx adept, fx secret, fx charger etc etc etc....). If you look closely at these, virtually all of them run at fxopen. Virtually all of them are doing martingale on a few pairs. They all have their own similar web pages. THey all pay the same.

I believe that FXOPEN is working with the author of these to inject histories, and given they all martingale, most will blow, or have blown, or have been covered up. And again I am fairly certain they are all stemming from one single author, who is affiliated with FXOPEN. When you been around long enough, you can really start to see through this very easily. I could of course be wrong, but am probably not.

FXOPEN has a very shady past as well - with it's egyption and russian roots.

I dont want to destroy your fun. But do feel the need to warn. You know how it goes with the martins though, just pull profits off teh table. Never, ever, believe you will be able to compound in to a fortune. You can make good money with them, but you must pull profits, or load up after the big one strikes. I have made money with martingales, but only by frequently pulling profits. As soon as I start thinking of them as trustworthy, long term investments, thats when the problems arise.

Its getting sad as well with the ability to trust histories from brokers these days.

Title: Re: Forex Adventures
Post by: jwatts7701 on October 14, 2021, 07:09:09 PM
im not gonna go to far down this rabbit hole. But i just briefly checked the website of fxadept and fxcharger's whois. Its identical. Im sure it would be for all of these EAs.

Same developer
Same similar strategies, slight variances, but end the same way
All running at FXOPEN
Questionable (and often vanishing) histories

I've kinda just written off FXOPEN as a compromised broker many years ago, and thought it was generally agreed upon, hence why was a bit surprised with you saying they are trustworthy.

You can call me over the top paranoid, but given all of these EAs suddenly only run at forexstore now as well (you can't buy them direct from the EA pages), I also suspect that forexstore is the same owner/team/affiliation as the 20+ martingale EAs on there, that all run at FXOPEN. And I suspect they are all affiliated... the marty developer, forestore, fxopen.

Thats not to say its all corrupt or bad. But... you can say I for sure have my doubts in it being fully legit ;)
Title: Re: Forex Adventures
Post by: rsmereka on October 15, 2021, 03:28:05 PM
@ jwatts7701,

Thanks for doing the research on the Forex Store.

I hope there is no nefarious connection between the EA I am running and the broker the EA developer is using.

I am going to keep going but very conservatively.

BTW, I did not say that FXOpen is a trustworthy broker, I said that FXOpen is a well known broker, check post  41.
Title: Re: Forex Adventures
Post by: rsmereka on October 18, 2021, 09:41:28 PM
When I was collecting the stats today for my watchlist, I noticed a major change in SignalStart ranking. The following signals had their ranking disappear, replaced by 'rank pending':


Fastidious Strategy https://www.signalstart.com/analysis/fastidious-strategy/166038
My Signal Forex Forex Signals https://www.signalstart.com/analysis/my-signal-forex/197313
BlueWhale Capital Forex Signals https://www.signalstart.com/analysis/bluewhale-capital/181110
Copy Classic Forex Signals https://www.signalstart.com/analysis/copy-classic/215821
WealthOS Forex Signals https://www.signalstart.com/analysis/wealthos/216423
CurrencyDrive Forex Signals https://www.signalstart.com/analysis/currencydrive/218014

Those signals remaining after the purge had their ranking significantly increased (number lowered).

Also:

EverGreenFx Forex Signals and Fastidious Strategy have pretty much melted down except Fastidious shows 100% DD but by some miracle still has almost as much equity as deposited >:(
Title: Re: Forex Adventures
Post by: reinerh on October 19, 2021, 02:15:35 AM
When I was collecting the stats today for my watchlist, I noticed a major change in SignalStart ranking. The following signals had their ranking disappear, replaced by 'rank pending':


Fastidious Strategy https://www.signalstart.com/analysis/fastidious-strategy/166038
My Signal Forex Forex Signals https://www.signalstart.com/analysis/my-signal-forex/197313
BlueWhale Capital Forex Signals https://www.signalstart.com/analysis/bluewhale-capital/181110
Copy Classic Forex Signals https://www.signalstart.com/analysis/copy-classic/215821
WealthOS Forex Signals https://www.signalstart.com/analysis/wealthos/216423
CurrencyDrive Forex Signals https://www.signalstart.com/analysis/currencydrive/218014

Those signals remaining after the purge had their ranking significantly increased (number lowered).

Also:

EverGreenFx Forex Signals and Fastidious Strategy have pretty much melted down except Fastidious shows 100% DD but by some miracle still has almost as much equity as deposited >:(

hate to say it but its pretty clear they all had faked history, every single one of them...................

evergreen was real i think........................

forget signalstart, might as well throw a dart yourself :)
Title: Re: Forex Adventures
Post by: reinerh on October 19, 2021, 01:08:34 PM
https://www.signalstart.com/analysis/MySignalForex/197313

you sure dodged a bullet bigggggggggggggg time.

i am still stumped to no end why this one ended badly, but thats the way it is. maybe the history was faked as well.

the forward trades i watched i was impressed for a while. so weird in a way.
Title: Re: Forex Adventures
Post by: rsmereka on October 19, 2021, 03:36:06 PM
https://www.signalstart.com/analysis/MySignalForex/197313

you sure dodged a bullet bigggggggggggggg time.

i am still stumped to no end why this one ended badly, but thats the way it is. maybe the history was faked as well.

the forward trades i watched i was impressed for a while. so weird in a way.
Dangerous trading plain and simple. This signal provider was opening huge lot size trades for a few pip gain to counter-act previous bad trades. That happened while I was subscribed. The big decline after, I was not around for that parte (thank goodness).
Title: Re: Forex Adventures
Post by: diyforexskills on November 09, 2021, 04:02:32 AM
Today, I gave the ORDequity For GENERAL ECN Forex Signals signal from SignalStart the boot from my Live 2 account. It started to loose big and opening very large lot sizes.

I put the FXQuasar EA ($279 from Forex Store https://forexstore.com/fxquasar) on my Live 1 account. This EA has accumulated a long live history (since Jul 06, 2020) https://www.myfxbook.com/members/fx_quasar/fxquasar-audusd/9010229 trading with a well known broker (FXOpen).

Looks like the FXQuasar EA is doing OK on AUDUSD. Are you happy with it?
Title: Re: Forex Adventures
Post by: rsmereka on November 09, 2021, 03:00:10 PM
Today, I gave the ORDequity For GENERAL ECN Forex Signals signal from SignalStart the boot from my Live 2 account. It started to loose big and opening very large lot sizes.

I put the FXQuasar EA ($279 from Forex Store https://forexstore.com/fxquasar) on my Live 1 account. This EA has accumulated a long live history (since Jul 06, 2020) https://www.myfxbook.com/members/fx_quasar/fxquasar-audusd/9010229 trading with a well known broker (FXOpen).

Looks like the FXQuasar EA is doing OK on AUDUSD. Are you happy with it?
The jury is still out.

So far, it is an under performer and there is 80 or so pip discrepancy  between my account and the vendor.