be as calm as the wind,
be as fast as the cheetah sees,
be as faithfull as a swan could be..
be as confidence as the tiger roar.
that's the key
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If you have a good system you can make a lot of money and withdraw it in this game.
dont understant whats the doubt here, if anyone has gained money over his account even thousands in a few days, it has all the right to wirthdraw the money without refusal or asking from anyone.
its how this bussiness honestly "should" work.
so in first place i dont know whats the intention of this thread. or what were you thinking before and wanted to clear out posting here?
Director of FXOpen Aus
Honestly Acidguy, the content of this thread has changed so many times, I'm not sure of the intention of this thread any more myself. toothy9
Jafar Calley - Director
FXOpen AU Pty Ltd
Level 26 • 1 Bligh Street
Sydney NSW 2000
AFSL:412871 ABN:61 143 678 719
lol yeah, a good example where things can end after so many opinions.
i've been using Expert Advisors since Mar 2007, traded live since Jun 2007. profit +90% after 3 months and withdrew half of those profits, but then hit some drawdowns which made me stop for a while to evaluate the risks with the Expert Advisor i was using : RobinHood
i have now started to trade live again with DoublePlay, and also forward-testing RobinHood, PipBoxer, Steinitz, KISS and EuroX2.
yes... it is possible to profit from Expert Advisors, but have to understand the strengths and weaknesses of the Expert Advisor you are using. it will not work just by letting it run 24x5.5 without monitoring.
please allow me to invite you over to my humble blog where i review the Expert Advisors that i've been forward-testing.
you can see live forward-test statements, updated every 10 mins.
*peace* - ck from singapore
Originally Posted by omar2005
Denis Peganov, FXOpen Development Director
By my opinion any EA should be 24/5 monitored by a human, just incase of upnormal market will begin.
Originally Posted by ckowyong
It takes time to be familiar with robot (EA), but it would be profitable..
FXOpenManager is right. Forex robots should be watched as there can be always somthing where human intervention is required.
Example: Your robot enter a trade (ECN mode) and before SL and TP can be placed the internet connection get lost.
As result you would have a wildrun (trade without SL and TP).
When you are not arround your account can be crashed.
You're only looking at it in one direction how about the internet connection is lost while the robot was attempting a trade and there was no tp or sl and the account blew in a positive direction other than negative has we all may assume. Hey what will then be your take on this, you can't always be right or wrong.
Last edited by fofx; 01-05-2010 at 03:53 AM.
Originally Posted by fofx
There is no guarantee that VPS wont crash either. It is the nature of computers and internet that there is always some uncertainty.
In MT4 when an order is sent, you can send it with SL and TP. In fact, EAs are often designed to include those limits. Hence, there is no delay in sending SL/TP. The problem with EA is, if a close order fails for some reason (like server not honoring a request because of bad spread etc), one must manually intervene and close an order. Yes, human monitoring is essential with EA. EA can only be used to generate good trading signals. Asking it to trade automatically is a risk one must take. It is ok to take that risk if your margin is so large and your lotsize is so small that even a 400 pip swing hardly makes a dent in your balance.
Alot of money
the game is all about getting money i dont see why ppl will not make a cent on a trade as long as u have a plan.
Knowledge+Inner Calmness+Strategy+Good Indicator set+Good Entry Timing+Good Exit = a pip
That's the trade, and if i did that all in white way then i can get my green bucks with smiley, no matter how much it is.