collapse

Author Topic: SFE Price Action EA  (Read 105163 times)

Offline stefanosb

  • DonbonsPrivateGroup
  • Full Member
  • *
  • Posts: 139
Re: SFE Price Action EA
« Reply #405 on: August 08, 2019, 03:29:43 PM »
hi ccjhuang, I understand what you are saying, but I think it is too risky. it Can be a good idea or not. I think in official account vendors should show how the expert work without changes ecc

I saw your account in the past (if I do not make a mistake), you got very good results raising the risk but one shoud withdraw gains every time, ecc.
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Forex Real Profit - SFE Price Action

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #406 on: August 09, 2019, 12:54:28 AM »
hi ccjhuang, I understand what you are saying, but I think it is too risky. it Can be a good idea or not. I think in official account vendors should show how the expert work without changes ecc

I saw your account in the past (if I do not make a mistake), you got very good results raising the risk but one shoud withdraw gains every time, ecc.

Yes maybe not changing the risk on official account could show a better representation of how the account will grow, but that decision was made by Joel not me. :P

To be honest I feel SFE PA is one of the safest EA out there. If you run it at low risk since the start you would still have more than 400% gain with less than 25% DD. It is actually because of how safe it is, that I can increase my risk when it is in DD and expect to make more gains from its recovery.

People think other EAs out there are safer and thats just because their growth curves are deceiving. They close small profits everyday and people feel that is going to continue forever. The truth is that nearly all (if not all) of those close-small-profits-and-let-large-losses-run systems will eventually have bad trades that will lead to a huge loss or even get margin-called.

On the other hand, Joels EAs close small losses and let large profits run, and thats exactly what you need to do to be able to beat the market in the long run.

I really feel bad for those who are still trying hard to find a system that never closes a losing trade - in the long term those systems will just lose everything back plus more, just like how gamblers will always lose their money back to the casino plus more - because of the casinos statistical edge and the law of large numbers.

The most important thing for people to make money in trading is to be trading with a long term statistical edge. Once you have that edge, the more you trade the more money you will be expected to make. The losses along the way are just part of the game, and once you can accept this fact you will be able to enjoy the long term profits that will follow.
« Last Edit: August 09, 2019, 02:50:07 AM by ccjhuang »

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #407 on: August 10, 2019, 11:56:20 AM »
Hi guys,

Just to let you know that I have been invited by the SFE author Joel to start my own thread on the official SFE forum: https://smartforexexpert.com/index.php?topic=514.0

From now on I will be updating my weekly results there. Please feel free to come over and discuss anything related to the EAs. Joel will be more active looking after the forum there from now on, and he will answer any questions you may have related to his EAs, brokers, or other general forex questions. I will also help out if I know the answers to your questions. :)

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #408 on: August 13, 2019, 05:14:29 PM »
My account made another $20K today! ;)

Offline Westie

  • Jr. Member
  • **
  • Posts: 75
Re: SFE Price Action EA
« Reply #409 on: August 13, 2019, 08:20:20 PM »
I seem to remember you increased the risk quite a lot recently (last month or two ?) and the market seems to be working the way SFE needs it too now.

Fairplay there, I doubt many other people stuck with it.

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #410 on: August 13, 2019, 09:53:39 PM »
Yeah I dont think anyone believed me but I have always told people Joels EAs work in the long term by keeping the DD low when the market is quiet and maximise their gains when the market is favourable like recent times. At the end of the day its all about statistics and probability, just like how card counting works in Blackjack - you keep the bet low when the true count is low, and increase the bet as the true count gets bigger and more favourable to you.

Its true that these EAs may sometimes take a long time to get out of a stagnation period, but its the long term result that counts, and those with the patience and perseverance shall be rewarded. :)

Offline Ruairi OPleurisy

  • DonbonsPrivateGroup
  • Sr. Member
  • *
  • Posts: 511
Re: SFE Price Action EA
« Reply #411 on: August 15, 2019, 04:39:47 PM »
Jimmy you have certainly managed to grab some massive wins recently on your account taking you to new highs.  That has come about via high risk settings.

For those interested, this is the official account :-

https://www.myfxbook.com/members/autotrade/sfe-price-action/1331484

I do own the EA, but I'm still unconvinced about turning it back on again.  The worst time to do that of course will be at the time Joel's account hits a new high water mark!

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #412 on: August 15, 2019, 11:29:34 PM »
Well youve said yourself that the worst time to turn it on is when it makes a new high...so conversely the best time to turn it on will be when it is in DD like now! :)

I am almost 100% sure the official account will go back up to equity high than to have another 20% DD from here, and thats why I have cranked up the risk. Once the official account gets back to equity high I will turn the risk down again. Thats how Ive been make money with it in the past 3 years. ;)

If you dont have the faith to trust the maths behind this amazing EA then I think unfortunately you will miss out on the profits again.

Do you guys seriously feel trading something like the Frero system (https://www.myfxbook.com/members/wassel2017/frero/2406407) is safer than running SFE PA?? To me that account is just a disaster waiting to happen...:(

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #413 on: August 16, 2019, 02:32:18 AM »
I just received a notification from Myfxbook that somebody wants to copy my account via Signal Start. So I have set the account up and SFE Combo is available on Signal Start now: https://www.signalstart.com/analysis/sfe-combo/62370

Whoever you are, youd better sign up cos it cost me $25 to list the signal! ;D

Offline petersurrey

  • DonbonsPrivateGroup
  • Sr. Member
  • *
  • Posts: 1077
Re: SFE Price Action EA
« Reply #414 on: August 16, 2019, 08:23:40 AM »
SO if you purchased SFE two years and ran on default settings you would have lost 8% to date. There is absolutely no point in posting massively increased lot-sizing/risk results which coincidently swayed the last month, and thus skewed the overall result! Unless you have a defined method (rather than a hunch) which can be applied universally and tested it makes no difference. ie I will increase lot-sizing by 'y' when this particular volatility measure passes 'x' value by a factor of 'z' ...otherwise it is all pie in the sky....you got lucky this time ;)

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #415 on: August 16, 2019, 08:58:35 AM »
Well I have explained several times that I reduce my risk when the SFE PA official account is close to or at new highs, and increase the risk when it is in DD. That is how I get a better performance than the official account. :)

Even if people are not as adventurous as me, the main point I have always tried to make is this EA is the type that will make profit for you in the LONG TERM with virtually no risk of blowing up your account. Even if you run the same risk as the official account and make 8% loss in the last 2 years, it is still much better than blowing up your account - which I have seen so many signals done during this same period.

And I would really urge people to have a long term view if they want to trade forex successfully in the long run. Otherwise they will always lose all their money back at some point because they trade with systems that do not have a long term statistical edge over the market.

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #416 on: August 16, 2019, 09:08:12 AM »
Oh and people keep saying I am just lucky, but I believe I am making these gains now only because the long term edge of these EAs are working for me.

Its kind of the same when gamblers have been winning for some time at the casino and then have a bad night where they lose all their money back. They think they are just unlucky and blame bad luck - but its actually the long term statistical edge of the casino that makes them always lose in the long run!
« Last Edit: August 16, 2019, 11:57:31 AM by ccjhuang »

Offline petersurrey

  • DonbonsPrivateGroup
  • Sr. Member
  • *
  • Posts: 1077
Re: SFE Price Action EA
« Reply #417 on: August 16, 2019, 10:20:33 AM »
Well I have explained several times that I reduce my risk when the SFE PA official account is close to or at new highs, and increase the risk when it is in DD. That is how I get a better performance than the official account. :)

Even if people are not as adventurous as me, the main point I have always tried to make is this EA is the type that will make profit for you in the LONG TERM with virtually no risk of blowing up your account. Even if you run the same risk as the official account and make 8% loss in the last 2 years, it is still much better than blowing up your account - which I have seen so many signals done during this same period.

And I would really urge people to have a long term view if they want to trade forex successfully in the long run. Otherwise they will always lose all their money back at some point because they trade with systems that do not have a long term statistical edge over the market.

Very valid points - one of the biggest errors investors make again and again is investing @ the top of equity curves - it is just natural human behaviour as we love winners but hate losers - and increased investing at DD lows just goes against our nature. Agreed 8% loss is way better than losing an account ...or 70-80% DD!

Offline ccjhuang

  • Full Member
  • ***
  • Posts: 134
Re: SFE Price Action EA
« Reply #418 on: August 17, 2019, 02:32:08 PM »
Here is the Weekly Summary for my account: https://smartforexexpert.com/index.php?topic=514.msg565#msg565

Have a nice weekend! :)

Offline stefanosb

  • DonbonsPrivateGroup
  • Full Member
  • *
  • Posts: 139
Re: SFE Price Action EA
« Reply #419 on: August 19, 2019, 10:25:04 AM »
hi, I use SFE with default setting on Icmarkets but never got same results.

This is my account, on this account there is Forex Trend detector too, at a very very low risk setting. (magic  696969)

http://www.myfxbook.com/members/stefanosb73/sfe--td/2599848
Eas: Forex Trend Detector - Wall Street Forex Robot - Forex Diamond - Forex Real Profit - SFE Price Action

 

browse forum