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Author Topic: SFE Price Action EA  (Read 60816 times)

Offline outsidetheboxhk

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Re: SFE Price Action EA
« Reply #360 on: September 27, 2018, 02:02:25 PM »
Jimmy's high risk account is not doing so well :(:-

https://www.myfxbook.com/members/jimmy8378/sfe-price-action-autolot-high/2188821

I never did restart this one in the end and I didn't actually make a profit from it - actually ate into the profits I'd made from other EAs.  No doubt it will prove to be successful long term, but I lost confidence.  Won't rule it out though for future use.

Yea from what I've seen the gains and recoveries are not nearly strong enough to be consistent and reliable.  Long periods of drawdowns.  You can find better manual / discretionary systems traded by real traders. 
AutoTrade, some of the top systems at SimpleTrader, etc.
I've given Jimmy's ideas / systems a real hard look, but it just doesn't cut the mustard for me.

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Offline stefanosb

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Re: SFE Price Action EA
« Reply #361 on: September 28, 2018, 08:18:00 AM »
Hi, for those who are running this bot, I often have different trades than the official account, 1 or 2 in 10, for example. I see it comparing myfxbook accounts. Is it normal?
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Best Scalper - Best Free Scalper - Inertia Trader - Forex Real Profit - SFE Price Action

Offline stefanosb

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Re: SFE Price Action EA
« Reply #362 on: October 29, 2018, 03:12:28 PM »
Is this EA still updated and followed by his seller? I see he doesn't answer to questions on mq5 site.
« Last Edit: October 29, 2018, 09:13:38 PM by stefanosb »
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Best Scalper - Best Free Scalper - Inertia Trader - Forex Real Profit - SFE Price Action

Offline donbon2

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Re: SFE Price Action EA
« Reply #363 on: October 29, 2018, 10:04:02 PM »
in my mind - the day it was posted here - that was the absolute high that account achieved - since then it has been horrible performance... the vendor probably cant fix what is wrong with the EA - it is just the market condition causing the issue.

same as momentum H1 - that first month it made alot of money - but then it nosedived - thankfully just stopped using it.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD AUDUSD
PZ Hedging EA - PZ Averaging EA - PZ Grid

(on hold  Wall St Evo - VF2 - Best Scalper - Best Free Scalper)

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator

Offline stefanosb

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Re: SFE Price Action EA
« Reply #364 on: October 30, 2018, 01:06:44 PM »
Hi donbon2, I agree with you, market is not good for this kind of eas this year.

By the way, author posted this message on mq5 forum, i copy it here:Joel Juanpere 2018.10.30 10:58 #1947    IT
Hi,

I didn't work in forex last two months. I do all these EAs by myself, and this is not my main work, for this reason, sometimes I only can concentrate in my main work if I don't have free time, and I didn't had free time last weeks by personal reasons.

At same time this is not a good year for the EAs at least for the momemt. But is also true that the two main EAs, the SFE Price Action and the SFE Night Scalper, aren't in a critical situation, they are flat, therefore, for me don't exist a reason of big alarm, and I will continue using and developing these robots.

The kind of market of last months has been very difficult, not only for my robots, in general. Talking about the 'Price Action based family', as SFE Price Action is a more diversified robot, has hold these period quite well, while SFE F&F or SFE KISS have been more diffilculties and are in loses.

And the SFE Night Scalper has growth slowly last months, but also with very low DD in the way, so the result is not bad. In the SFE NS, a new version will be published soon, with default settings working with the same configuration as the current signal. The signal is using this new version already last months, and this version filter out some dangerous setups. Is still not published for this break I did, but I will begin to work again in all this.

And the difficulties of the 'price action family', can be an opportinity to improve the EAs in this kind of adverse environment. This don't mean that I will change the systems, means that I can find some dangerous patterns or conditions to filter out or adjust some parameters when this happens.

It's also a fact that the EURUSD pair, is developing well in general in the EAs, as we can see in the EURUSD signal. Therefore, study the option of use a more reduced selection of pairs, maybe the main crosses, can also be a thing to consider.

For all this, I'm not worried about the situation, I'm sure that there is a big chance of the big profits comes again, and with improved versions of the Eas.

Considering this stagnation period and the decrease of the popularity of the EAs, while the Eas don't return to his previous highs, I will reduce the price of the purchase at half price.

The current DD of the two main EAs aren't big, SFE Price Action is at 10% right now, and SFE Night Scalper is at 4%, for this reason I expect they will do new highs very soon.

Also the next days I will answer all the private messages of the last weeks. I and will come back the work on the EAs again :)
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Best Scalper - Best Free Scalper - Inertia Trader - Forex Real Profit - SFE Price Action

Offline donbon2

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Re: SFE Price Action EA
« Reply #365 on: October 30, 2018, 10:19:08 PM »
Stefan I made the point in the other thread -- this EA is probably a prime candidate for use with EA Controller - so to filter out some of the stupid trades it makes -- which just gives away money.

from the authors thoughts is same as mine - it simply is the market and not too much reason to change because the market will eventually ... this is flawed thinking in my mind and not a good use of capital.

I have so many ideas on how to make things better - I hope we can make some progress soon with some EAs
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD AUDUSD
PZ Hedging EA - PZ Averaging EA - PZ Grid

(on hold  Wall St Evo - VF2 - Best Scalper - Best Free Scalper)

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator

Offline stefanosb

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Re: SFE Price Action EA
« Reply #366 on: November 07, 2018, 09:14:48 AM »
seller increased the risk from LOW to HIGH, after the drawdown reachs 15%. I don't do the same, I hope this bot can be profitable without babysitting it.
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Best Scalper - Best Free Scalper - Inertia Trader - Forex Real Profit - SFE Price Action

Offline stefanosb

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Re: SFE Price Action EA
« Reply #367 on: November 09, 2018, 07:37:35 AM »
I think seller on the official account do not use all 4 charts/timeframes, I have always more orders comparing to him. It can be a good strategy to reduce the risk, I'm wondering which are the timeframes less profitable.
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Best Scalper - Best Free Scalper - Inertia Trader - Forex Real Profit - SFE Price Action

 

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