Forex Funnel

[pipdetector]

Originally Posted by civicsi411

Was looking forward to reading his trading journal especially one as successful as KB, guess we won't be seeing him again. Who can blame the guy, I wouldn't be wondering around endlessly reading Forex forums one after the other if I made that much

I undestand that you are still looking for the perfect (or at lease workable) solution like most of us

[pipdetector]

Here is the extract of today's trades on Alpari UK demo:

Account: 1297274 Currency: USD 2009 December 15, 21:07
Closed Transactions:
Ticket Open Time Type Size Item Price Profit
79676271 2009.12.14 10:16 sell 0.01 usdjpy 88.391 -15.04
79676281 2009.12.14 17:37 sell 0.02 usdjpy 88.641 -24.51
79742629 2009.12.15 05:31 sell 0.04 usdjpy 88.841 -40.12
79811726 2009.12.15 08:48 sell 0.08 usdjpy 89.041 -62.40
79840614 2009.12.15 11:30 sell 0.16 usdjpy 89.291 -80.23
79891357 2009.12.15 13:44 sell 0.32 usdjpy 89.541 -71.32
79911797 2009.12.15 16:20 sell 0.64 usdjpy 89.741 0.00
79943493 2009.12.15 17:58 sell 1.28 usdjpy 89.941 285.27


Closed P/L : -8.36

I thought that biggest closed trade is supposed to make up for all the losers, but it seems that the bottom line is negative. How is FF making money then?

[civicsi411]

i have the same result :-(

[pipdetector]

Has anyone returned FF license? I wonder what is the procedure.

I am amazed by KB results, but clearly it seems to me that there are some blatant problems with the way FF works. My two recent larger trades turned slightly negative in spite of the fact that FF closed the largest trade in plus, this clearly questions the whole idea of using martingale. On one hand you have a extremely risky method of coping with drawdown and on the other hand hardly positive results... For me it is an invitation for a disaster.

[mitaji]

The problem is that the steps are not exactly the same distance/pips apart. If they were you would have closed with a big profit. If you look at your statement, some are 25 pips apart, some are 20 pips apart

[pipdetector]

A good point .

The fact is that the steps were chosen by FF, so it's still the EA problem (guess it was because execution). Also, I think a big "loophole" of the expert is that it keeps the smaller positions open, it should start closing them as soon as the next is opened, closing them only when the highest position hits the TP is quite inefficient (a lot of money is left at the table).

[mitaji]

Originally Posted by pipdetector

A good point .

The fact is that the steps were chosen by FF, so it's still the EA problem (guess it was because execution). Also, I think a big "loophole" of the expert is that it keeps the smaller positions open, it should start closing them as soon as the next is opened, closing them only when the highest position hits the TP is quite inefficient (a lot of money is left at the table).

Spot on mate! You have 'detected' what would be a key improvement to this EA. The first trade should be closed as soon as Trade 3 is open, trade two closed as soon as Trade 4 is open and so on. If left open, these trades continue to add on the draw down. As soon as the retrace occurs you would have an even bigger profit. Not to mention the freed up margin . This however, would only work if the price trend is up for that day