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You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. The Phibase RayBOT EA uses conservative methods of risk management to ensure that the account capital is never put in jeopardy, even when there is a transient losing run. Past performance is not indicative of future results. You can watch some video demonstrations on my website RouletteTrader. It's the only way you can really test a rule-based trading system without emotion or opinion playing a factor.
So far Forex flex is the most reliable robot out there. Hi Noel, did you get sst file strategy from seller after you buy or everything by default? Performing ok so far? Have been using this EA, in profit for two weeks; still nervous about it, since all of the myfxbook examples you post, are not verified by myfxbook. Can you point to ANY real account s verified by myfxbook trading privileges and track record? Long time user of this EA, brilliant product and a must of for any trader.
Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. August 07, In: Forex Robots 27 Comments.
This is a Flex EA vendor account trading their Default strategy. Great EA for all traders, abundance of results, pro active vendor, very active member forum with lots of great information and settings, fair price, extremely flexible. Chris Roubis August 28, at I have been very impressed with its performance.
Keep up the good work. Charlie July 31, at 2: Teddy August 3, at 3: Sam July 30, at 7: Jeferson Bulgarelli Guerreiro August 8, at 9: Ken August 9, at 1: Yorick1 May 15, at Can you shed some light pleasssse. James April 28, at 3: Ted April 28, at 6: Reidman May 15, at This is an interesting method, however be cautious!
I put a few author's methods in Excel, it seemed if you have a robust system that keeps making money, this method could enhance your return for most of the cases. However, if you run enough iterations, there are quite a few of them that incur large drawdowns. In addition, the tendency of a system to yield consecutive winners seemed to be an important factor.
It's disappointing that the author didn't present complete statistical analysis of his methods, and risks are not thoroughly analyzed. At this point, isn't clear how practical is the method in real world.
Overall, a system might benefit from this method, if it has the desired "characteristics"; however the risk needs to be fully analyzed before one can put real money in this. Overall this book is about a statistical method without thorough statistical analysis.
The author appeared really eager to sell you his service: The most successful traders have always taught that the key to successful trading is money management. Well, here is a very simple but powerful money management technique that works in today's currency markets. Although Don does not give a trading system example to use with this MM system, he does point out that it works best for any system that gives runs of multiple profits and losses , which are quite common in the currency markets.
For example, a trend following system will give several losses in a row during a consolidating market, but then give multiple profitable trades when the market begins trending again. For a range trading system, the opposite is true as well.
Think about that for a moment, and you might just have a revelation. The method itself allows for a large return with small risk to the trader's original equity through a very basic, but powerful, system that "pyramids" on profits from the previous trades. Although Don mentions his trading robots, he does not appear to hype them in order to make a sale, and the ea's he sells are mostly simple trend following sytems which are very consistent and profitable.
However, as I will explain below, you don't need to purchase his robots in order to trade using his money management system. As a person, I have found Don to be very honest and extremely generous. He is open to questions and is normally quick to answer any emails I have sent him, as well as transparent about his trading results. You can check out his live trading results on the MyFXBook website under the user name of RouletteTrader to see how his most popular robots are performing.
Some of the negative reviewers have questioned the system's effectiveness and the trading robots' durability for the long haul. In my 20 years of currency and futures trading, I question whether any system is profitable forever. Even the turtles aren't doing so well these days, and most of the best robots from 5 years ago aren't even on the market anymore.
However, as long as any system continues to make "runs" of profitable trades, I believe this technique will continue to be insanely profitable. To test this method before live trading, I ran a simple 2 month test in live market conditions. The market went sideways a couple weeks resulting in two stop outs and then moved. Buy this little book; it's practically free anyway. If you're not sure about spending the few bucks on this, you definitely don't have the stomach to trade the currency markets.
Run through the numbers and test it out manually on a demo account. Check out the performance of Don's robots on his myfxbook account search "RouletteTrader". If you feel comfortable with it, apply the system to your own live trading method or purchase one of Don's robots. If you don't feel comfortable with it, you're out nothing but the price of a latte and a little reading time.
The thing is you still need a positive Trader's Equation Reward times Probability of profit has to be greater than Risk times Probability of loss. If your Trader's Equation is negative you're still going to lose money with "Roulette trader's money management system". It's not going to change a losing or even a break-even system into a consistant winner. If you have a winning system, the money management described in the book will allow you to win more.
If your system is a loser, this money management will most likely make you lose more. Same can be achieved by simply increasing the risk. I must admit I was very skeptical at first, but Don seems quite genuine and willing to help.
Therefore, you do not need to be trading them on your own account to qualify. However, please be aware that your robots will be permanently disabled if you receive a refund. I offer a money-back performance guarantee for each robot when purchased separately. The terms of these individual guarantees are detailed on each robot's sales page.
This website does not guarantee income or success of the product beyond the specific day performance guarantees for each product. There are many factors that can effect each person's individual results. Examples shown in this presentation do not represent an indication of future success or earnings but merely historical performance based on specific trading models, some of which is hypothetical. Past performance is not indicative of future results. The company declares the information shared is true and accurate.
Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy.