No VPS. Home PC with a quality UPS
You must be very new to MT4 if you were not sure how to even check your trading historyā¦
Trading mini lots correct?
:18: Donāt worry mary4xā¦ weāre all here to help each other out!
Thanks for your input Baconā¦ how about the rest of you? If your using a VPS, which one and how much? Or if your not using oneā¦ just say PC.
In my opinion a VPS is the only way to trade, especially if running EAās and trade copiers. It runs 24/7 without interruptions. For the past 5 years I have used SWVPS. The pricing is similar to HostingSource.
Does anyone have a myfxbook they can post for closed trade comparisons?
I totally agree with that statement pipmenow! I also donāt want to be running my PC 24/5! Your Internet can go down at any moment like mine did just a couple of weeks ago. When your trading, especially with standard lots with real money, the only option is having a reliable VPS on your side.
This would be great if it was available. So we could average out the amount of pips that the Scion Forex AutoTrader delivers on a monthly basis. Like the past 12 months. Having complete confidence with an EA is so important and verifiable past history achieves this.
The Scion Forex website has a bunch of graphs, but it would be nice to see some actual numbers on their part. But granted, independent myfxbook accounts would be more ideal.
Hereās their Myfxbook page: Scion Forex Performance System by scionforex | Myfxbook
It seems to make profit, but I wouldnāt pay to use software that makes 3.65% a month with 70.78% drawdown :20:
I use the VPS of CNS (commercialnetworkservices), it is expensive (about 35$) but I like the 2FA protection, I like the secutiry that this give meā¦
5astelija, I saw that myfxbook before to join Scion, that account finished in May 2013, I asked for that to Scion, they told to me that his management and system has changed since then and it is very different now, and it seems really different, I hope soā¦
Oh, I didnāt notice they donāt update the Myfxbook page anymoreā¦ Thatās kinda strange, why donāt they show their overall performance?
Also, the equity graph in their Myfxbook page is very different than the graphs on the Scion website :19:
Thanks, bbatis. I appreciate that. Yes, Iām trading minilots.
I manually traded my FXCM account on Friday for a gain of 33 pips on GBPJPY and 25 pips on GBPCAD. Iām wondering if there might be a better EA out there somewhere.
Yeahā¦ that myfxbook account was when they were a signal service. They didnāt introduce the AutoTrader until late 2013 I believe.
In studying the Forex market for over a year and a half, Iāve come across all those big name EAās that weāre all familiar with on FPA. I never seriously considered trying any of them out because of all the mixed reviews. While the SFA has very few reviews, I havenāt read one negative review about it, which is a good sign.
Many newcomers in Forex get caught-up in all those hyped-up offers about making 100+ pips a day, 2000+ pips a month. Iāve tried many of those Clickbank products with their lagging indicators and BS methods and systems and none of them produced consistently.
Iām more than happy in going with a strategy that produces a few hundred pips on a monthly basis and protects my account by using safe money management. But thatās just me.
When pip gains rise, risk will always rise tooā¦ Short time gambling is not so hard if youre lucky
I am actually testing my EA right now, and it would give about a % per day without a risk of blowing up.
Hereās the thread: 301 Moved Permanently
Absolutely agree. But if Iām tying up $2000 in a brokerās account to use an EA thatās winning/losing $10-$20 a month, wellā¦
So far, Iām a few dollars under water. Weāll see what the next couple of weeks will bring.
The SFA has been in a bit of a slump this monthā¦ Around -42 pips so far. One good trade can wipe that out.
Iā've posted my results before on what the AutoTrader has done since the first week of August.
+219 pips in August
+257 pips in September
-42 pips so far in October
476 - 42 = +434 pips so far. I havenāt tallied up the numbers lately, but I believe the winning rate is still around 65% with a good R/R ratio. Granted the trades havenāt been hitting their targets lately, but that is where the safe money management strategy comes in. Better a small win than a big loss.
From what Iāve seen with those over-hyped robots,.they donāt have much of a safe money management strategy and folks end up blowing out their accounts. No thank you.
I never count pips, I always look just monthly equity growth in percents. 50-100 percents per month consistently would be just a dreamā¦ and I donāt care if it comes from 5000 pips or just 50.
Hey Guys, Iāve been following this thread for a while now and really like the sentiment of this EA and how is it not a āglamorousā one whereby you are promised millions and then delivered none. The general tone of this EA is āsteady as she goesā. Everyone who uses it seems really balanced too, no crazy hype.
I do have a question to anyone using this EA: Do any of you use a Virtual Private Server? Or do you have a dedicated computer that you just leave on all the time so that the EA can take trades during the week? If/when I do get this up and running, I was thinking of getting a separate small computer simply to keep this EA running. Any input would appreciated. Cheers!
Hi, Godspeed
Bbus is using CNS (Commercialnetworkservices) for $35/month. Pipmenow uses SWVPS, around $10/month I think. Bbatis and I are using HostingSource.com ($10 month). Scion suggested HostingSource as a good VPS. BaconMakesItBetter says he uses a home PC with a quality UPS.