Forex Funnel

[rsmereka]

Originally Posted by hotsawce

I'm on the fence with forex funnel now. I can't pull the trigger and make a decision.

Is there any EA that looks to be a compromise between the slow, sure returns of Megadroid and Robominer and the astronomical returns of the riskier Forex Funnel?

This is off the topic of this thread but here is my 2p.

Firstly, there is nothing sure about MegaDroid. Anyone that has been running it on a live account for a long time has scars.

IMHO, EB-Turbo trading only EURUSD fits perfectly between the outrageousness of FF and the demure Robominer. I run it in my live account exactly for that purpose. Running live in my 5th week and demo in my 7th week.

Check out my trading journal for more detail. I am not affiliated with anyone and have nothing to gain but pure trading profit

Rick

[pipdetector]

I guess it's always the same dilemma. Astronomical returns of FF are possible only with very high risk settings plus very cautious market watch -- I don't think you will get to them on autopilot. BTW, even Robominer seems risky to me know when it is touching the upper bound . I am still playing with demo forward testing FF, but I doubt if I will go live with it...

[gross77777]

I have been running Forex Funnel EA for exactly a month now on a recommended Forex4You broker trading 0.01 of a standard lot on a $ 5,000 account and my return is only 6%.There is no way in the world can I turn this $ 5,000 into $ 70,000 in 5 months and I am risking my whole account with this martingale system .
I think that it is a time for a refund.

[civicsi411]

What ever happen to KB? Was looking forward to his post and updates

[hotsawce]

Originally Posted by gross77777

I have been running Forex Funnel EA for exactly a month now on a recommended Forex4You broker trading 0.01 of a standard lot on a $ 5,000 account and my return is only 6%.There is no way in the world can I turn this $ 5,000 into $ 70,000 in 5 months and I am risking my whole account with this martingale system .
I think that it is a time for a refund.

Keep an eye on it and keep us updated!

[mitaji]

Originally Posted by civicsi411

What ever happen to KB? Was looking forward to his post and updates

I'm also wondering what happened to the guy. BTW I've been monitoring FF's foward test on Forex-Robots.com. A nice independent review starting with $250 netted 300% return on a live account in 12 weeks. So I sent them an email asking what leverage they use. Uriel Katz the CEO of forex robots says they use 1:200 leverage . He also said that they don' t watch the market or interfere with the robot. True to his word, I double checked the dates and its run every single trading day since the test started. Unfortunately, he restarted the test (on $250 again) last week and NFP news blew the account.

[pipdetector]

I was chatted by Skype with KB yesterday and he confirmed that:

1. 400:1 leverage is minimum that he suggests
2. He used 5000:1 risk setting (which seems quite conservative)
3. He never trades around major events (like NFP)

I do not know I guess KB does not have time for the thread because he's busy counting his profits .

[hotsawce]

Originally Posted by mitaji

I'm also wondering what happened to the guy. BTW I've been monitoring FF's foward test on Forex-Robots.com. A nice independent review starting with $250 netted 300% return on a live account in 12 weeks. So I sent them an email asking what leverage they use. Uriel Katz the CEO of forex robots says they use 1:200 leverage . He also said that they don' t watch the market or interfere with the robot. True to his word, I double checked the dates and its run every single trading day since the test started. Unfortunately, he restarted the test (on $250 again) last week and NFP news blew the account.

The robot seems to be iffy....pipdetector's earlier post seems to be how it is with FF.

However, though this is a little off topic, perhaps some of you here would like to check in the "General" section with my post on The Black Dog System. It's a manual trading system that's supposed to be good, so if one has to monitor FF on heavy news days might as well check out a good manual trading system!

[civicsi411]

So with the new FIFO rules where leverage is limited to 100:1 you need at least $15,000 plus per .01 micro lot and or $5,000 plus per .01 nano lot so it can survived to level 10 just to be safe

[Gr41]

Originally Posted by civicsi411

So with the new FIFO rules where leverage is limited to 100:1 you need at least $15,000 plus per .01 micro lot and or $5,000 plus per .01 nano lot so it can survived to level 10 just to be safe

Im using forex.com and they are in london and dont have to use those new rules. I moved my account there when we couldnt hedge . Now Im using the new version and its working very well. It just needs to be turned off on non farm payroll fridays to prevent that normal high and low run.