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Thread: Kancing Baju - 'Dancing Bear' (not real translation)

  1. #101
    Senior Member fxtester's Avatar
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    Kancing Baju All pairs M1 FirstLot 0,1 bis 10
    Attached Images Attached Images Kancing Baju - 'Dancing Bear' (not real translation)-detailedstatement-kancing-baju-all-pairs-m1-firstlot-0-1-gif 
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  2. #102
    Senior Member fxtester's Avatar
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    Suggested strategy :

    - Run the EA on an account with 1000$, on the Major M1.
    - Add a script that closes all the orders when the basket profit reaches 10$.
    - At the end of the week, stop and withdraw the profit or add a new 1000$ initial capital.

    You need two accounts of 1000$ in order to have the time to deposit/withdraw after a trading week on the first account and to be ready to start trading on the second account with fresh money. Sometimes, you will get 100-200% or return, sometimes you will lose everything. You should get an average of 280$ net per week. You can only increase the incomes with the same strategy applied to other accounts. You can not put more than 1k or use more pairs or trade on a duration longer than a week, otherwise you will only be wiped soon or later, losing all your money.

  3. #103
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    Hi guys

    Were can we find a version of this ea for live trading or do we have to pay for it?

    Regards

  4. #104

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    Quote Originally Posted by antonfx View Post
    Suggested strategy :

    - Run the EA on an account with 1000$, on the Major M1.
    - Add a script that closes all the orders when the basket profit reaches 10$.
    - At the end of the week, stop and withdraw the profit or add a new 1000$ initial capital.

    You need two accounts of 1000$ in order to have the time to deposit/withdraw after a trading week on the first account and to be ready to start trading on the second account with fresh money. Sometimes, you will get 100-200% or return, sometimes you will lose everything. You should get an average of 280$ net per week. You can only increase the incomes with the same strategy applied to other accounts. You can not put more than 1k or use more pairs or trade on a duration longer than a week, otherwise you will only be wiped soon or later, losing all your money.
    Asians love to gamble. Best gambling/scalping EAs come from them. No wonder brokers love this stuff as they are real winners.
    ***
    Thanks for the dose of realism AntonFX. It only appears on the first look to be a work free "easy EA", but when you thoroughly forward test it then you discover that real profits in longer run are non existent, it goes bust. Or you have to apply addittional MM tricks as AntonFX suggests.
    But even that may not work if you give it a longer test.
    *****
    I am not saying martingale is impossible. Just not easy as everyone think. Keep testing and keep improving your trading logic. You may discover that sound trading logic is easier as martingale. Pyramid the winners, cut the losses.
    Attached Images Attached Images Kancing Baju - 'Dancing Bear' (not real translation)-pinky-and-the-brain-cripple-forex-jpg 
    Last edited by Metatrader7; 08-27-2009 at 03:49.

  5. #105

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    Thanks for sharing

    Sir fxTester, there are lot setting you have tried, but fairylord not sure how to read the statemenet.. would you tell me which is the best, or teach me how to read the statement?


    Thanks..



    fairylord
    Last edited by fairylord; 09-27-2009 at 06:20.

  6. #106
    Senior Member fxtester's Avatar
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    Quote Originally Posted by fairylord View Post
    Thanks for sharing

    Sir fxTester, there are lot setting you have tried, but fairylord not sure how to read the statemenet.. would you tell me which is the best, or teach me how to read the statement?


    Thanks..



    fairylord
    Sir fairylord, read the previous Metatrader7 post. He is right, the EA is not enough powerful to avoid the account blow up.

  7. #107

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    Quote Originally Posted by fxtester View Post
    Sir fairylord, read the previous Metatrader7 post. He is right, the EA is not enough powerful to avoid the account blow up.

    Ok, I will Say Good Bye to Kancing Baju....Thanks for inform...

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