ANY QUESTIONS? LET'S TALK
- Thread starter Jared
- Start date
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.
Hey, bro!
Thanks for your help and the work you've done.
So you're saying I don't need to change anything?
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.
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
Of course, Ilon will let you make money while you're sleeping/eating, going about your business...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
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?
The market is very unpredictable, I've been trading for over 7 months with ELM, I can tell you one thing, the algorithm is noteworthy, but it does not guarantee that you will always only make money.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
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.
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.
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.
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
Hello,
I have 2 questions :
1. About broker. Is 0 pips account make real difference vs no commission ?
2. About VPS. You recommend to choose a VPS based in London. Does it make sense when broker server is at New-York / Tokyo... ?
Thank for you reply
I have 2 questions :
1. About broker. Is 0 pips account make real difference vs no commission ?
2. About VPS. You recommend to choose a VPS based in London. Does it make sense when broker server is at New-York / Tokyo... ?
Thank for you reply
I believe that many problems in trading are due to greed. People want to buy an advisor and in 2 days become a millionaire and drink cocktails on the beach. But that doesn't happen. If you bought
ELM EA use standard settings and small deposits to get started. A reliable algorithm will systematically and reliably generate profits for you. Just give it time and don't change the settings to be very aggressive. This adviser has been on sale for more than a year, I know a couple of my friends who have been making good money on it for a couple of years because they use standard settings, good brokers, VPS and common sense.
ELM EA use standard settings and small deposits to get started. A reliable algorithm will systematically and reliably generate profits for you. Just give it time and don't change the settings to be very aggressive. This adviser has been on sale for more than a year, I know a couple of my friends who have been making good money on it for a couple of years because they use standard settings, good brokers, VPS and common sense.