Oh my god, They did not close the USDCAD before NFP news, and the NFP move the USDCAD against our trade and they had other BIG loss, so the USDCAD trade loss -44 Pips… This is the final proof for me that they are gambling, no trading, the results for today so far is -70 Pips… I really can do betther than Scion, they dont trade with basic rules like to avoid very hign important news like NFP, for me this is enough…
you trade nfp if you have a valid setup, obviously there system does account for that. But when in doubt stay out. Could you not have turn off your side to avoid it?
I have to agree. After showing some promise for the first two months, this AutoTrader has gone south. Very discouraging to say the least. What is even more discouraging is the lack of good solid trading systems out there on the Internet.
I think I will have to set this AutoTrader on micro lots for now until they prove to me that this EA can win consistently.
Well I’m going to continue to give them the benefit of the doubt about being “patient and slow and steady wins the race.” Meanwhile I’m going to just put this EA on the back burner for now and continue to look for other trading opportunities.
-0.5 pips
and
-39 pips
Had enough.
Scion traders are too inconsistent to be useful. Six weeks of trading, six weeks of mostly losses, and losses always seem to be 10 times larger than winners. “Slow and steady” may win the race but you have to keep moving forward; six weeks in and I’m further back than when I started.
I don’t blame you a bit Bacon. Something is definitely not right in Scion world! Not that I’m complaining, but this is the second trade in the last week or so that the EA hasn’t picked up. I didn’t get that -39 pip trade. Very strange to say the least. What pair was it?
Well I’m testing other things out right now. Like I mentioned before I will keep this EA on the back burner and hope it doesn’t get completely consumed. Bottom line for me, is that it’s still up over 300 pips in 3 1/2 months, but I was expecting much better results than that! At the very least, it would be a long term investment tool if it was to stay positive in the long run.
You read about these members on FF booking 300 plus pips in a single day on the average, when this EA struggles to make 200 plus pips in a month (August and September).
Wow! This thread has gone silent in the past week. I am always looking for good investment opportunities and willing to share them with others. After all, we are all on the same team. Us vs. Them! :mad:
I am currently testing out some manual trading systems, but with mixed results so far. I’m going to concentrate my focus now with FF, and learn from some of the pro’s on that forum who are willing to share their knowledge for free in order to help out other retail Forex traders like us.
Maybe there’s another thread at BabyPips that would be good for sharing info. I’d like to do that, but I don’t want to use the “Scion Forex Auto Trader” thread to do that.
200 pips is easily made in a day see pic, ea’s are like strategies some are good some are bad. BUT like everything in life you have to work hard to get there I’ve been trading live for nearly 2 years and I’m just now getting the swing of I can easily make 200-300 pips a day but tbh pips are worthless. its gains and win rate that counts.
Anyway hope you find something that works for you.
Absolutely right. Number of pips gained is irrelevant; percent of account gained or lost is what’s important. A 500 pip gain with a 500 pip SL is exactly the same as a 20 pip gain with a 20 pip SL…if your SL is always a percent of your account (say, 1-3% or so), which, IMHO, it should.
Hey Darth, like bbatis, I am very curious and open to hear about your EAs and how you have come to make 200-300 pips a day. If you can share, that would be great. Cheers.
