The Money Tree (By leapfx)
| Gain : | +18057.2% |
| Drawdown | 46.52% |
| Pips: | 4651.7 |
| Trades | 1015 |
| Won: |
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| Lost: |
|
| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Automated |
The Money Tree Discussion
Member Since Mar 25, 2021
2 posts
May 26, 2022 at 07:04
Still watching the progress of the EA. I will probably rent it for one year at the end of June to test from July. Works on cent account as well.
Member Since May 26, 2022
17 posts
May 26, 2022 at 13:49
I just rented it. I'm trying a small account. Happy to keep you updated with feedback.
Member Since Mar 25, 2021
2 posts
May 26, 2022 at 14:50
Yes, keep us updated.
May 27, 2022 at 01:58
(edited May 27, 2022 at 02:27)
Very dangerous EA. Not sure if this is similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand
Member Since May 26, 2022
17 posts
May 27, 2022 at 02:51
Well... I'm starting with a trial account size that I don't mind losing. I like watching these things live. And because, as I'm sure with you being so smart, you know, you shouldn't trade anything you can't bare to lose. Not sure why there are so many haters on here. Also, I have gone back and forth with the developers making sure it's not setup to work at all like Trade Explorer. More because I have to follow the FIFO rules as a US citizen and grid and Martingale in Trade Explorer isn't coded to avoid FIFO. Not that I fully trust what the developer tells me... hence trying it out with a small account that I can absolutely afford to lose. We're just here to have fun, right?
May 27, 2022 at 07:25
Hey guys, I'm also testing it and I will keep you posted..
I also tested dynascalp, trade explorer and Arbitron..
But I'm here to talk about the money tree, if you want you can ask my results with the other EAs..
Ok first I'm trying for one day, there not much what I can say with one day test, but what I can say is:
They have 3 settings recommendations, I'm testing it on the lowest HIGH risk recommendation.
Till now I haven't seen any martingale or grid trading (like trade explorer) but again only one day test..
What I have to say is with one day I had 9% return, but I also have to say that scares me to see trades open without stop loss..
For now that's the conclusion I can tell, soon i will come with more results, keep strong guys peace ✌️
I also tested dynascalp, trade explorer and Arbitron..
But I'm here to talk about the money tree, if you want you can ask my results with the other EAs..
Ok first I'm trying for one day, there not much what I can say with one day test, but what I can say is:
They have 3 settings recommendations, I'm testing it on the lowest HIGH risk recommendation.
Till now I haven't seen any martingale or grid trading (like trade explorer) but again only one day test..
What I have to say is with one day I had 9% return, but I also have to say that scares me to see trades open without stop loss..
For now that's the conclusion I can tell, soon i will come with more results, keep strong guys peace ✌️
May 27, 2022 at 15:58
samjhyip posted:
Very dangerous EA. Not sure if this is similar to Trade Explorer EA.
When a trade goes wrong, it opens a series of grid entries to compensate with no SL
EA will work well with trend corrections.
But could lead to deep drawdowns in strong trending markets.
When trading 27 currencies, it can get complicated to understand
Please don't spread false rumors about a system. The Money Tree does NOT use GRID. And uses an internal SL.
Member Since May 26, 2022
17 posts
May 31, 2022 at 14:32
So far I have had zero executions and I've had it running since Thursday May 26th. If you look at the updated fxbook for MoneyTree it shows no executions either since then, so at least it's consistent with what I'm experiencing. I've reached out to the company and they said it can go for a bit without trades. The most they've seen so far is around two weeks.
So we wait... :)
So we wait... :)
