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Forexbody EA trading Analysis- Recent Times |
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| The only disadvantage the Forexbody Money Printer has is probably the floating trade. To maintain high profitability, The EA does not assign a stop loss to a trade unless a short term trend is identified, which results in a floating trade from time to time. Most floating trades win the end, As a user you should not interfere with the EA trading no matter what happens. Here is the most common floating trade scenario with Forexbody strategy: | |||||||||
| A trade is missed, the market moves away and against you. If account size is over 1k most market moves stay within capability of the EA to handle the situation, that because most of the time the market comes back to the trade, and the EA job is to continue growing the account in spite of the bleeding trade until the bleeding trade becomes too small in comparison to account equity to drain the account. that is the most perfect scenario. However we sometimes come to worse situations. like 2 floating trades in same direction which usually happen due to computer restart or platform crash. Though it is rare it should be handled by closing one of the duplicate trades manually as soon as possible, do not let greed force you to keep 2 trades of the same signal if one of the trades happened in error. | |||||||||
| After the market goes against you when you have a floating trade it usually moves 200-300 pips away and start ranging there. it may range there for weeks but the Forex market can always bring surprises. while the market ranges the EA should slowly make up for the floating loss. When the market comes with unexpected surprise, You as a Forexbody EA user are still much better off than many who will be taken by the unexpected Forex surprise. | |||||||||
| My suggestion is that you pocket some money by withdrawing from your account as soon as it doubles in size, and do it regularly or on monthly basis. You money in Forex is not safe until it it is out of the account completely. Keep adequate equity for the EA to continue its job. You may have less of a compounding effect but this is the ultimate word in protection from Forex surprises. Below are example of floating loss cases. | |||||||||
| What was the effect of the Sell at 1.3057 trade This EA missed on August 2 /2010 ? | |||||||||
| Case on August 9/ 2010 | |||||||||
| Accounts started over 100 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on May 1/ 2010 Similar results for all accounts started during the month of May This example on FxPro Mt4 platform |
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| One day later as market continues to return : August 10/ 2010 | |||||||||
| Accounts started over 100 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on May 1/ 2010 Similar results for all accounts started during the month of May This example on FxPro Mt4 platform |
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| 2 Hours later as market continues to return The floating trade is only 50 pips from market price after 7 days of bleeding: August 10/ 2010 | |||||||||
| Accounts started over 100 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on May 1/ 2010 Similar results for all accounts started during the month of May This example on FxPro Mt4 platform |
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| 1 Day later as market continues to return The floating trade is closed profitable after 7 days of bleeding: August 11/ 2010 | |||||||||
| another 4 profitable trades ( 1 Buy and 3 Sell Trades ) took place as well. | |||||||||
| Accounts started over 101 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on May 1/ 2010 Similar results for all accounts started during the month of May This example on FxPro Mt4 platform OK finally that losing trade becomes profitable and it appears like no more than another small dent on account history |
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| 1 Day later as ea Continues to grow the account: August 12/ 2010 | |||||||||
| Accounts started over 102 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on May 1/ 2010 Similar results for all accounts started during the month of May This example on FxPro Mt4 platform
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| Same situation with another broker, below is on Forexcom Mt4 platform but for 121 days period | |||||||||
| Accounts started over 121 days ago are not greatly
affected by this trade but you can see the the effect on the equity. $1000 startup balance on April 1/ 2010 Similar results for all accounts started during the month of April, May, June and July This example on Forexcom Mt4 platform
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Continuing the case with Forexbody latest release: The money Printer now up to Sept. 5 |
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| Continuing the case with Forexbody latest release: The money Printer now up to Sept. 11 | |||||||||
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| Now let me ask you a question? Could you trade Forex like this , Buddy ! Go to Home Page | |||||||||
