Forex Envy Trading Point (By forex_trader_47717)
The user has deleted this system.
Forex Envy Trading Point Discussion
Jan 04, 2012 at 00:49
2,219 Views
10 Replies
Jan 31, 2012 at 06:49
(edited Jan 31, 2012 at 06:51)
This is nano account.
https://www.mt4i.com/charts/ResultChart.aspx?id=envy-live-bfr&type=bankedandopenprofithourly&w=850&h=334&rx=1327992617208
01.30.2012 15:37 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00662 1.00404 -25.8 -0.03 4h 30m -0.02%
01.30.2012 15:51 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00567 1.00404 -16.3 -0.02 4h 17m -0.01%
01.30.2012 17:51 01.30.2012 20:08 USDCAD Buy 0.02 0.98444 1.00404 1.00461 1.00404 -5.7 -0.01 2h 16m -0.01%
01.30.2012 18:59 01.30.2012 20:08 USDCAD Buy 0.03 0.98444 1.00404 1.00346 1.00404 5.8 0.02 1h 9m 0.01%
01.30.2012 19:06 01.30.2012 20:08 USDCAD Buy 0.05 0.98444 1.00404 1.00244 1.00404 16.0 0.08 1h 1m 0.04%
This is martingale system!!! Big DD!!!
https://www.mt4i.com/charts/ResultChart.aspx?id=envy-live-bfr&type=bankedandopenprofithourly&w=850&h=334&rx=1327992617208
01.30.2012 15:37 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00662 1.00404 -25.8 -0.03 4h 30m -0.02%
01.30.2012 15:51 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00567 1.00404 -16.3 -0.02 4h 17m -0.01%
01.30.2012 17:51 01.30.2012 20:08 USDCAD Buy 0.02 0.98444 1.00404 1.00461 1.00404 -5.7 -0.01 2h 16m -0.01%
01.30.2012 18:59 01.30.2012 20:08 USDCAD Buy 0.03 0.98444 1.00404 1.00346 1.00404 5.8 0.02 1h 9m 0.01%
01.30.2012 19:06 01.30.2012 20:08 USDCAD Buy 0.05 0.98444 1.00404 1.00244 1.00404 16.0 0.08 1h 1m 0.04%
This is martingale system!!! Big DD!!!
Feb 03, 2012 at 23:37
Jarora posted:
This is nano account.
https://www.mt4i.com/charts/ResultChart.aspx?id=envy-live-bfr&type=bankedandopenprofithourly&w=850&h=334&rx=1327992617208
01.30.2012 15:37 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00662 1.00404 -25.8 -0.03 4h 30m -0.02%
01.30.2012 15:51 01.30.2012 20:08 USDCAD Buy 0.01 0.98444 1.00404 1.00567 1.00404 -16.3 -0.02 4h 17m -0.01%
01.30.2012 17:51 01.30.2012 20:08 USDCAD Buy 0.02 0.98444 1.00404 1.00461 1.00404 -5.7 -0.01 2h 16m -0.01%
01.30.2012 18:59 01.30.2012 20:08 USDCAD Buy 0.03 0.98444 1.00404 1.00346 1.00404 5.8 0.02 1h 9m 0.01%
01.30.2012 19:06 01.30.2012 20:08 USDCAD Buy 0.05 0.98444 1.00404 1.00244 1.00404 16.0 0.08 1h 1m 0.04%
This is martingale system!!! Big DD!!!
If this is martingale, why are you promoting it on your website?
Feb 04, 2012 at 00:11
before posted false information, validate everything...
the way the martingale is applied can't kill an account, because the martingale is applied to both buy and sells. each trade compensate for the previous...
take a look at the number of pips... huge negative number... but in profit!!!
the problem I can see is the number of trades opened! this is the problem... because a lot of brokers limit the number of trades opened, so more than 50 starts to be complicated...
an interesting EA with a rebates account ;)
the way the martingale is applied can't kill an account, because the martingale is applied to both buy and sells. each trade compensate for the previous...
take a look at the number of pips... huge negative number... but in profit!!!
the problem I can see is the number of trades opened! this is the problem... because a lot of brokers limit the number of trades opened, so more than 50 starts to be complicated...
an interesting EA with a rebates account ;)
forex_trader_51376
Member Since Oct 25, 2011
22 posts
Feb 06, 2012 at 11:03
shayan posted:
This EA will wipe out your accounts. Stay away.
Are you using Forex Envy?
Member Since Mar 27, 2010
10 posts
Feb 20, 2012 at 22:19
excuse me, what happened the 6th of december? why that big drawdown? and why did you deposit more money on 4th december? what would be happened if someone leaved it work without doing anythhing? wipeout?
thank you for your kindly answer.
thank you for your kindly answer.
forex_trader_51376
Member Since Oct 25, 2011
22 posts
Feb 21, 2012 at 01:59
starlight_fx posted:
excuse me, what happened the 6th of december? why that big drawdown? and why did you deposit more money on 4th december? what would be happened if someone leaved it work without doing anythhing? wipeout?
thank you for your kindly answer.
Forex Envy is also a martingale system so sometime drawdown is high.
This's his Live Test account, he opened with only $90 but he recommends $300 / 0.0001 lot.
On 6th December, drawdown is -22.53% ($90 * 22.53% = $20.277). If you open account with $300 as his recommendation, drawdown is only $20.277 / $300 * 100 = 6.76%.
Do not overtrade and keep update Outlook every week.
Member Since Mar 27, 2010
10 posts
Feb 21, 2012 at 11:27
thank you again!
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