ANY QUESTIONS? LET'S TALK

Niklaus

New member
Customer
Jan 29, 2019
10
0
1
Are you going to participate in FTMO? Don't get involved with this scam
No, I'm just wondering why the drawdown of the algorithm does not exceed 10% on some of the client accounts that I have seen in the client section of this forum. What is FTMO ?
 

Victor

New member
Customer
May 5, 2015
20
0
1
No, I'm just wondering why the drawdown of the algorithm does not exceed 10% on some of the client accounts that I have seen in the client section of this forum. What is FTMO ?
FTMO - Proprietary Trading Firm.
You can get real account funding from them... But it seems to me that these guys are primarily making money on deposit sales for their clients.
They sell you 100k virtual money for 300 real ones and try to fulfill their conditions.
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Thank you!
But I would like to know how to get the maximum percentage of profit, what broker I choose and what settings to apply?

Use the default settings and a broker from the recommended list.
If you are just starting to learn my algorithm, start with a ready-made solution.

Did I just spend my time optimising for nothing?:)

The market is too unpredictable and the default settings are an average between risk and profit.
 

Harper

New member
Customer
Apr 11, 2020
25
0
1
Use the default settings and a broker from the recommended list.
If you are just starting to learn my algorithm, start with a ready-made solution.

Did I just spend my time optimising for nothing?:)

The market is too unpredictable and the default settings are an average between risk and profit.
Hey, bro!

Thanks for your help and the work you've done.

So you're saying I don't need to change anything?
 

Jesus

New member
Customer
Apr 3, 2020
26
0
1
Hey, guys.

I'm thinking of testing your EA, what is the minimum deposit I should use?
I started trading with $700, which is about the amount I could afford after buying the licence.

This is enough for 6 currency pairs. I use Automatic calculation of risk 1% of the deposit.
 

vanbra

New member
Mar 20, 2016
4
0
1
How much do you make? $150 a month?

That's barely enough money even to go to the store once, here in America...
 

Jesus

New member
Customer
Apr 3, 2020
26
0
1
How much do you make? $150 a month?

That's barely enough money even to go to the store once, here in America...
So you're going to make money on forex and drink cocktails on the beach, I'm more sober about the risks of trading

lol
 

pattu

New member
Customer
May 28, 2019
12
0
1
Hi all, I'm trapped in my job every day, what kind of deposit do I need to have to make a steady $3,000 - $5,000 a month?

I am tired of being stuck in the office all day long, I want to sit on the beach and drink a cocktail :)
Of course, Ilon will let you make money while you're sleeping/eating, going about your business...

But I think to make such a result, while respecting the risks you need a minimum of $ 40000 start-up deposit. Where to get that kind of money when the whole world is in crisis?
 

Gerald

New member
Jan 25, 2020
5
0
1
Hi all, I'm trapped in my job every day, what kind of deposit do I need to have to make a steady $3,000 - $5,000 a month?

I am tired of being stuck in the office all day long, I want to sit on the beach and drink a cocktail :)
The market is very unpredictable, I've been trading for over 7 months with Elon, I can tell you one thing, the algorithm is noteworthy, but it does not guarantee that you will always only make money.

Go invest in phone scammers who will promise you the moon and manage your account over the phone.

This is a serious algorithm that can generate money, but without control and your training on how to use it I'm afraid you might choke on your cocktail on the beach.
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
I see that many participants share their results with a drawdown below 10%, how do you achieve this?
In fact, there is nothing magical about it. It is very simple to explain and show in mathematical terms.

To give you an example:

Your deposit is $1000. You do not use automatic lot calculation, but use fixed lot 0.1 (although I recommend to use Auto Money Managment).

Stop Loss size is 10 pips.
6 currency pairs.

Maximum drawdown level:

6*10(60 pips) * 0.1 = $60

It turns out that this value is exactly 6%. More than this value can not be.

P.S. Note that the probability of SL in 6 currency pairs is very low. In my practice I have never seen anything like that.
 

Niklaus

New member
Customer
Jan 29, 2019
10
0
1
In fact, there is nothing magical about it. It is very simple to explain and show in mathematical terms.

To give you an example:

Your deposit is $1000. You do not use automatic lot calculation, but use fixed lot 0.1 (although I recommend to use Auto Money Managment).

Stop Loss size is 10 pips.
6 currency pairs.

Maximum drawdown level:

6*10(60 pips) * 0.1 = $60

It turns out that this value is exactly 6%. More than this value can not be.

P.S. Note that the probability of SL in 6 currency pairs is very low. In my practice I have never seen anything like that.
Thank you, Jared.

Tell me please, have you worked with FTMO?
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Thank you, Jared.

Tell me please, have you worked with FTMO?

I don't, but I think there are clients here on the forum who work with them. If you are interested in this question, you can create a discussion thread and ask the question in this thread.
 

Kayden

New member
Customer
Mar 4, 2020
17
0
1
Hi Jared, I've been testing your product for a few months now. I'm thinking of buying the pro pack.

Tell me please, will you pass on the source code of the trading robot?
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Hi Jared, I've been testing your product for a few months now. I'm thinking of buying the pro pack.

Tell me please, will you pass on the source code of the trading robot?
Hi,

No. The source code of the algorithm is not for sale. It is my intellectual property.

The EA is sold in compiled form. After purchase you get a download link and the licence keys. More details about the purchase process can be found in this thread -

How to buy a licence for our EA`s