Have heard good things about scion forex autotrader, has anyone tried it before?

Trading Systems Expert Advisors and Automated Trading
540

If you use a no loss strategy it is possible to make lots of pips per day. The only problem is the open trades that go into draw down. You would need to worry about a growing draw down that could end up in a margin call. Imagine getting 200 pips per day, consistently, using 1 standard lot size. Wow, $2000 per day. The real question is how much risk is needed to get 200 pips per day. Imagine if you can achieve such results with a 20 pips stops and only make three or four trades per day.

541

Got it! Sent you a couple! :slight_smile:

542

I wouldn’t brag with some hundred pips a day. Its not about the amount of win, its about how long you can stay profitable.

A complete newbie can 10x their balance in few days, but when they continue with same strategy the laws of probability will eventually crush every gambler.

543

Exactly! Great point.

Darth

544

After seven weeks, my account has gone noticeably backwards, so I’ve ended it with this EA. Their traders need to work on consistency.
And this thread is going to unattractive places so I am packing it in here as well.
Good luck all, many green pips to you whatever you do!

545

Bacon, you’ve got mail.

546

And back at ya! :smiley:

547

Same to you Bacon! Wishing you much success in the Forex jungle.

548

I sent you msg as well Mary!

549

bbatis, I don’t know if you’re still around. Just sent you a pm.

550

Yes I got it… I sent you a msg… let me know if you got it!

551

Haven’t gotten it yet. Will check in a.m. (it’s 10:10 p.m. here.)

Update: It’s 8:05 a.m. on Nov 29. No new message.

552

Hmmm… :33: I will try again…

553

bbatis, it’s 8:40 a.m. here. Sent you a pm.

554

hi qureshb . how is it going …? did you used this EA on real account . if yes then how are the results .? thanks in advance :slight_smile:

555

how are the results so far .? anyone tested EA on real account …?

556

Read this thread, it’s all here.

557

hi bbus. i started using EA but its not connecting with there server .:frowning: i send them email . but its been 4 hrs now there is no reply so far . how much average time they take to reply ?

558

its happening with me too … i just started today … i dont know how old your post is . but if you can help me regarding this will be appreciable .

559

OMG . just go through the thread . at starting i was like i am gonna rich wihtin three years … and now ended up like . it was just a dream … :frowning: