Magic-Champ II PRO - Account 03 (By forex_trader_3837)
The user has deleted this system.
Magic-Champ II PRO - Account 03 Discussion
Dec 29, 2011 at 19:02
1,195 Views
3 Replies
Member Since Mar 27, 2010
10 posts
Apr 25, 2012 at 14:22
hi, why this account is going bad and the others are different?
Sep 03, 2012 at 08:08
Money management of this EA is totally wrong! This EA has a lot of potential if it is modified with the right MM.
I asked via help support to modify this EA because in the long run it is a loser in a statistical sense, but they have insulted me and laughed .... God forgive the ignorant!
I asked via help support to modify this EA because in the long run it is a loser in a statistical sense, but they have insulted me and laughed .... God forgive the ignorant!
No PAIN= No GAIN!!!
forex_trader_3837
Member Since Nov 30, 2009
15 posts
Sep 03, 2012 at 08:41
we are very sorry to see, that you sitll didn't get the point of partial sales and dynamic SL.
the winning pips are so high, caused by the partial sales.
litte example
2 Trades. Each with 1 Lot. and 5 Splits (5 times 0.2 Lot)
the first Trade is a profit Trade. the second trade is a SL
1. TRADE
TP 1 = 5 Pips
TP 2 = 10 Pips
TP 3 = 15 Pips
TP 4 = 20 Pips
TP 5 = 25 Pips
--> And here it is, the crucial question: how many pips did this trade produce??? myfxbook would say: 75 Pips. MetaTrader would say the same. What would you say?
2. TRADE
The second trade is the SL with 30 Pips Loss.
What is the final Pips P/L???
we would say that the final P/L would be devastating negative. myfxbook and MetaTrader would say that some money was lost, but some Pips were won ... do you know what we mean?
so, finally: don't look at the Pips Gain!!! Look at the money. the partial close at different TP Levels leads to some wrong calculations results in myfxbook.
if you dont believe us and if you are not able to follow our explanation and calculation, why don't you ask Birt. maybe you believe him if you dont trust us https://eareview.net/
----
due to the server change, this account was switched to the New Pepperstone Edge server. this account won't update anymore and will be switched to the new MC-II PRO https://www.myfxbook.com/members/LiveTrading/mc-ii-pro-pepperstone-edge/377234
the winning pips are so high, caused by the partial sales.
litte example
2 Trades. Each with 1 Lot. and 5 Splits (5 times 0.2 Lot)
the first Trade is a profit Trade. the second trade is a SL
1. TRADE
TP 1 = 5 Pips
TP 2 = 10 Pips
TP 3 = 15 Pips
TP 4 = 20 Pips
TP 5 = 25 Pips
--> And here it is, the crucial question: how many pips did this trade produce??? myfxbook would say: 75 Pips. MetaTrader would say the same. What would you say?
2. TRADE
The second trade is the SL with 30 Pips Loss.
What is the final Pips P/L???
we would say that the final P/L would be devastating negative. myfxbook and MetaTrader would say that some money was lost, but some Pips were won ... do you know what we mean?
so, finally: don't look at the Pips Gain!!! Look at the money. the partial close at different TP Levels leads to some wrong calculations results in myfxbook.
if you dont believe us and if you are not able to follow our explanation and calculation, why don't you ask Birt. maybe you believe him if you dont trust us https://eareview.net/
----
due to the server change, this account was switched to the New Pepperstone Edge server. this account won't update anymore and will be switched to the new MC-II PRO https://www.myfxbook.com/members/LiveTrading/mc-ii-pro-pepperstone-edge/377234
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