WFL031 (Real 1) (By Wallace)

The user has made his system private.

WFL031 (Real 1) Discussion

Jun 23, 2010 at 14:18
3,007 Views
25 Replies
Member Since Sep 18, 2009   86 posts
Jul 14, 2010 at 15:49
Our system is doing great in the real account 😎.

We are looking for interested partners and investors. PM me if you are interested to know more info.
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Nov 06, 2009   3 posts
Jul 22, 2010 at 18:59
Hi Wallace
Just wondering about the draw down
Member Since Sep 18, 2009   86 posts
Jul 26, 2010 at 22:22
HI Bhushana,

from our experience and testing, the maxmium DD under the current setting is around 20-30%.
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Aug 11, 2010 at 16:07
We are looking for traders or business partners for this system:

Brief information:

1. This is a trend following system using unique grid trading strategy
2. It trades on multiple pairs which are carefully selected with hedging nature
3. Average return approx 10% -15% per month with prudent risk setting
4. Max DD from our testing and real trading so far is around 20% - 30%
5. Min. capital requirement: USD5,000 (can be in EUR or AUD as well)
6. Besides investors, we also welcome fx partners collaborating with us. Remuneration will be calculated on profit sharing basis based on profit generated in the referrals' accounts.
7. We hope to build a long term mutual beneficial partnership with both traders and fx partners.

If you are interested, feel free to PM me or e-mail us at [email protected]

Thanks

Wallace


 
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Sep 09, 2010 at 12:31 (edited Sep 09, 2010 at 12:31)
Anybody interested in this system?
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Sep 13, 2010 at 13:53
We are looking for investors and capital on this system.

Min capital can be USD4K but we suggset using USD5K. Average monthly return is 10% (not a get rich quick system) with max DD at 5% (based real trading result so far).

This is not a martingale system! In fact, this is a grid trading system with unique strategies trading with selected currency pairs.

It is suitable for most major brokers. If you are interested, please PM me for further details.

Cheers,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Jul 21, 2010   106 posts
Oct 01, 2010 at 18:17
Thanks we are not interested, We have got other ways to waste our money.
Member Since Sep 12, 2009   313 posts
Oct 02, 2010 at 08:20
Thanks Wallace , I will donate my money to REDCROSS thans putting in martinglae based idiotic trading ,If you can give me your 5k i will trade for you and make 20 percent

Member Since Sep 18, 2009   86 posts
Oct 25, 2010 at 16:07
Hi Temitope123 and kishorejoga, thanks for your comments anyway 😄

We have adopted a hedging strategy recently in the system so as to improve its return and reduce the DD risk. Time will prove the ability of this EA.
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Nov 28, 2010 at 16:37
The hedging strategy is running very well so far. For any traders who are interested in this system, please leave me a message.

Cheers,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Dec 05, 2010 at 16:03
We are looking for investors for this system. This is not a get rich quick system but can produce stable return with acceptable DD.
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
Dec 12, 2010 at 22:56
We have set up another real account with more aggressive setting for testing. We target to improve the monthly ROI from 6-8%/month to 10-15%/month. The new account can be found here:

https://www.myfxbook.com/members/Wallace/wfl031br/69864

Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
May 01, 2011 at 16:06
Hi Fx Traders,

You may register and reserve license of this EA at:

https://taiji.wallaceforexlab.com

Best regards,

Wallace
Wallace Forex Laboratory
We conduct research and testing on profitable forex autotrade system
https://www.wallaceforexlab.com
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Feb 16, 2010   1332 posts
May 02, 2011 at 04:07

Wallace posted:
    Hi Fx Traders,

You may register and reserve license of this EA at:

https://taiji.wallaceforexlab.com

Best regards,

Wallace
Wallace Forex Laboratory
We conduct research and testing on profitable forex autotrade system
https://www.wallaceforexlab.com

Thanx, keep it for yourself. I wouldn't call this joke an EA. Martingale with 800 pips SL is not an EA, it's pure CRAP.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Sep 18, 2009   86 posts
May 03, 2011 at 01:04
Hi Solar,

Thanks for your comments. The EA has its own logic to adjust the TP and SL level.

In my humble opinion, EAs with all types of strategy (including martingale) has its own risk and potential. I believe that no single system is perfect. Therefore, we should find a combination of systems (instead a single system) with different strategies to form a portfolio for generating consistent profit.

This EA uses a combination of grid trading and money management strategy to generate profit. I am not saying that it is perfect and will be profitable forever (I think no people can give such kind of guarantee). I just do testing and share real result here. May be I can prove that this system is good, or on someday, I will prove that it is a crap....

Nevertheless, with conservative setting and effective hedging strategy, this system is able to survive for almost one year now. Profits were realised and withdrawn from the account. Those are facts.

Kind regards,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since May 11, 2011   15 posts
May 17, 2011 at 00:25


Wallace,


Where are you coming from ?

You didn't introduce your team and personal profile in your website.

Member Since Sep 18, 2009   86 posts
May 17, 2011 at 09:40
Hi eaexpert888,

I come from Hong Kong.

I am not a full time trader yet but is working in the Finance Office of a local University. I also partner with a number of overseas programmers and traders in testing and developing of different kind of autotrade systems.

Nice to meet you!

Kind regards,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Sep 18, 2009   86 posts
May 23, 2011 at 13:08
Dear all,

Once again, the system proved itself the ability to survive during adverse market situation.

We have further improved the performance by using a the better hedging setting. Any traders who are interested to trade with this system, please leave a contact at:

https://taiji.wallaceforexlab.com

Cheers,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since May 23, 2011   18 posts
May 23, 2011 at 21:05
hi, do u intend to sell your system? cost?
Member Since Sep 18, 2009   86 posts
May 24, 2011 at 09:58 (edited May 24, 2011 at 09:58)
Hi ForexCrazy,

We indeed intend to sell license of this system in order to raise more funding to trade with it. We have not worked out the details and pricing yet. If you would like to reserve a license, please leave us your contact at:

http;//taiji.wallaceforexlab.com

Cheers,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
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