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Tip2 FX

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  • Istvan
    started a topic Tip2 FX

    Tip2 FX

    It looks to use this EA.
    http://forex-incontrol.com/
    Only EURGBP.

  • Pie
    replied
    Originally posted by HedgeBitcoin View Post
    Don't get me wrong now, when you first look at the smooth consistent profits you think this system is great -
    Time proves otherwise.
    Sad. Lost $ with tip and thought this guy signal provider HEDGEBITCOINis better. End up, he is worse than tip2. 50% DD and still continue. At least tip did not cross 30%DD. Joker. Next time, should not take listen to comments from other signal provider. Seem like they have other agenda, trying to promote themselves in other people thread. Condemn grid etc but he himself is a grid and maritagale trade that has margin call 1 account and now losing 50% of the 2nd account.

    Joker.

    Leave a comment:


  • fivepips
    replied
    4th trade a hedge. I wonder how this gonna play out.
    2016/11/11 12:30:00 0.861280 0.10 Sell EURGBP -19.84 -14.4 4535340
    2016/11/09 19:50:52 0.879490 0.05 Buy EURGBP -106.64 -167.7 4524328
    2016/11/09 12:19:31 0.890030 0.05 Buy EURGBP -173.13 -273.1 4522307
    2016/11/09 09:01:52 0.893040 0.05 Buy EURGBP -192.11 -303.2 4521559

    Leave a comment:


  • Istvan
    replied

    Leave a comment:


  • Istvan
    replied
    I closed the last one.
    Minus 70 pips

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  • fivepips
    replied
    I have a 6 months subscription, lets see how the DD gets handled. I maybe try again with 5 times risk and allow my loss to recover.
    Last edited by fivepips; 11-10-2016, 06:55 PM.

    Leave a comment:


  • Istvan
    replied
    now 19% DD
    Last edited by Istvan; 11-10-2016, 04:58 PM.

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  • Pie
    replied
    Yup risk 25 account is gone. Risk 10 just still okay for now but small account for such crazy risk. He did mention that it is high risk for risk 10 and 25 and may lose everything. For risk 1, I was informed it is DD 15% and all trades will be cut.

    15% DD is easy to recover, rather than some signal providers wipe out all your accounts with margin call and give all kind of excuses and reasons.

    I put 16% on my own account for MAX Drawdown cut, just in case he did not follow his rule. I can still afford to lose 15% but not the whole account. At least he still stick with his rule and account still intact.

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  • HedgeBitcoin
    replied
    Don't get me wrong now, when you first look at the smooth consistent profits you think this system is great - http://www.myfxbook.com/members/Bakso/tiptipfx/1793923
    Time proves otherwise.

    Leave a comment:


  • fivepips
    replied
    yes I got margin called by the recent 1 minute candle.

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  • Istvan
    replied
    the trend is short

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  • fivepips
    replied
    now there is a 3rd trade open same lot size. a 50 pip move downwards wiped the initial $500 deposit + 386 profit in my case on 10x the risk. now in 73% DD. I used balance risk. maybe a fixed lot duplicator is better, where with profit growing the risk gets less and less.
    Last edited by fivepips; 11-09-2016, 08:21 PM.

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  • Istvan
    replied
    I closed 0.8820

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  • fivepips
    replied
    the 25x risk account is surely wiped out, I am at 10x risk and in a 70% DD. got 2 trades on the long side. gamble gone wrong.

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  • Pie
    replied
    Spoke to the signal provider. He informed that he will only take 3 to 4 trades at one direction with the same lot size. He did mention that in end Oct, he did hedge when there are 2 trades in it. Within the day, he cleared the trades with around 2% profit. Like what laracroft mentioned, he will take the loss when basket hit 10 to 15%.

    Like goldtrader, he mentioned that EA is a robot but does need human intervention sometimes. He said taking a loss of 10% to 15% will ensure his long term profitability.

    Well, at least this signal surived the GBP spike recently which I think killed many accounts and some signal providers margin call also. Grid or not, not a problem as goldstar and viper are also in a way grid traders. If this signal survived that GBP Spike and DD is low and if fixed DD at 15%. It should be okay if one set their own MAX DRAWDOWN AT 15 to 16% at risk 1.

    The EA itself does have many functions for the money get and risk. Anyone keen to get the EA together for 2 licences? Though price seem pricey
    Last edited by Pie ; 11-08-2016, 09:25 AM.

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