Thread: Fibonacci EA boys & girls

I don't need to upload the details, because people can cheat on those.

Rather look 3rd party stats. This is more reliable and accurate

MT4Stats is the host.

FedoraFX.com is the EA provider

MT4Stats link: MT4 Stats - Share your MetaTrader 4 Statements with the world

interesting stuffs on the statment.....


buying at 1.6380....stop-loss 1.6382.....

please tell me how i can do that too.

Originally Posted by FxIntern

interesting stuffs on the statment.....


buying at 1.6380....stop-loss 1.6382.....

please tell me how i can do that too.

Ahh...yes, does look strange. What happens is FedoraFX uses a lock in profit method when it move "X" amount of pips it will lock in "X" amount of pips. sometimes 2, sometimes more. That is why the S/L is higher, because the price moved up, but not to T/P instead, it retraced hitting then new S/L.

Fedora also uses hidden S/L - There is NEVER a trade placed with out a S/L.

It looks promising can you send me demo version with limitation? I'd like to demo test it first.

Thanks

Originally Posted by fedorafx

I don't need to upload the details, because people can cheat on those.

Rather look 3rd party stats. This is more reliable and accurate

MT4Stats is the host.

FedoraFX.com is the EA provider

MT4Stats link: MT4 Stats - Share your MetaTrader 4 Statements with the world

this mt4state tells more than 1000 words..
bad money management(way to high lot size for the account size!) plus bad profit/loss ratio= bad performance. Thats the formula for failure!

Its only a question of time to wipe out the account

To blame now ibfx for this is just funny. A good EA works on every broker under all circumstances! If not, its crap

Thanks for sharing your comments onu. It shows people are concerned about what will happen with our EA.

Your right, EA should work on any broker, and Fedora Does. We were referring to their high spreads at the time, but that wasn't even the issue here.

Initially we thought be brokers spread where hight at time of entry. (EA has order waiting. If spread is high it could place trade in even if 8 pips from your PNC) Causing our USD/CAD trade to enter too soon. But after emailing our customers and asking if they had experienced the CAD Trade, no other customer was involved. This helped us narrow down the issue to what we might have done.

After further investigation. It came down to us turning on our EA too soon aka human intervention. When purchasing Fedora we provide clear instructions on activating the EA on Monday nights. Do to the fact we have won so many CAD trades over the past 2 months on live money, we decided to get a little greedy and go on Sunday night.

There is detailed explanation here USD/CAD intervention Fedora FX. The Forex Trading Robot System provider. with screenshots of where our fib drew incorrectly.

Because the CAD trade was human intervention, and no other customer experienced loss, we have updated our MT4 Stats page to start at $5K moving forward with GBP/USD.

You can still view $10K account here: MT4 Stats - Share your MetaTrader 4 Statements with the world which will also continue to trade.

As for money management oun. We used lot sizes that we can tolerate. Users are more than welcome to do which ever lot size they like. In addition, optimized back testing showed that the lot sizes used are best suited for dollar value starting.

Thanks for taking the time to read this.