Euro Daily Trader

This is a discussion on Euro Daily Trader within the Trading Journals forums, part of the Reception category; I wish to say it was a useful development that the EA now offers forced closure on Fridays. I only ...

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Old Nov 28, 2011, 8:41am   #71
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread I wish to say it was a useful development that the EA now offers forced closure on Fridays. I only got 4 or 5 pips on the short trade after perhaps the low point being towards 20, however that was far better than waiting until Sunday night and getting stopped out possibly with as many as 70 pips of loss (more than 3 times SL) as the market opened significantly higher after 48 hours.

The second thing to say, and I think Mike and his friend need to make more of this in their defence when people grumble about the guarantee is that the EDT EA is self standing. What I am trying to say is the key code they give you which enables the thing to work without being cloned all over the place does not need to log into any central server. One popular EA is failing today to authenticate because the owners' server is down and people are starting to wonder whether all is well. (Discussion on another blog) EDT is immune from this difficulty.
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Old Nov 28, 2011, 11:57am   #72
Joined Sep 2011
Re: Euro Daily Trader

Quote:
Originally Posted by wiseambitions View Post
....The second thing to say, and I think Mike and his friend need to make more of this in their defence when people grumble.....
This is an interesting subject, and one to which I have given much thought. I touched on this in an earlier post in saying that whatever I post as a vendor, seems to be taken as an excuse, or in other cases, posts are often read with "suspicious eyes" as I "obviously have something to gain". I found therefore, that in many instances it is better to bite your lip and remain silent.

But of course this is the problem with the Internet as we all know. Anyone can say anything they like with impunity, and the damage they do, even if done out of ignorance rather than malice can be considerable. Here are a couple of examples:

One customer placed his order at 6am in the morning. Having failed to read the part where EDT was not a download and would be sent by email, just one hour later, he wrote a post on a forum saying that he had purchased and received nothing!!! !!! *&%***!! .....and therefore the whole thing was obviously a scam and he was cancelling his payment!! !!. By the time I opened the order at 9am, he had made a claim for fraud to PayPal and also posted this information on the forum. We eventually sorted it out and the customer later apologised, but the posts remain there to this day.

Another customer purchased and two days later actually started a thread for EDT on a well know Forex forum. His first post (which he has never mentioned to us and which we didn't see till a month later) said that on his second trade, he had recorded a loss when our website results showed a winning trade. This, he said in the post, was very suspicious and he would be "keeping an close eye" on the venders from now on. In fact we had received an email from this customer the same day, complaining of this. After some investigations, we discovered that he had set the EA trading time incorrectly and was trading one hour early. He thanked us very much for the excellent and quick customer service but said nothing more. As I said, we didn't see the post till one month later and again, it is still there.

There are many more instances I could give similar to these. But it is a sad fact that many are very quick to make negative comments and yet unwilling to make a correction when they find the error is theirs.

Much more dangerous however, is the individual with an ulterior motive. Some of the most persistent and vindictive posts have been written by someone who is determined to get his EA for free and will stop at nothing to get his way.

I too am a trader, and read with interest several forums in an effort to see what is available in the market. I have a great respect for forums like this one and others and in the past I have made decisions to purchase (or not) based on other traders comments. It is a shame that you have no way of knowing that many times you are actually reading an opinion written by someone with a personal axe to grind.

Ah well. C'est la Internet!

Mike
The Forex Club
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Old Nov 28, 2011, 8:35pm   #73
Joined Feb 2011
Thumbs up Re: Euro Daily Trader

Quote:
Originally Posted by wiseambitions View Post
I wish to say it was a useful development that the EA now offers forced closure on Fridays. I only got 4 or 5 pips on the short trade after perhaps the low point being towards 20, however that was far better than waiting until Sunday night and getting stopped out possibly with as many as 70 pips of loss (more than 3 times SL) as the market opened significantly higher after 48 hours.

The second thing to say, and I think Mike and his friend need to make more of this in their defence when people grumble about the guarantee is that the EDT EA is self standing. What I am trying to say is the key code they give you which enables the thing to work without being cloned all over the place does not need to log into any central server. One popular EA is failing today to authenticate because the owners' server is down and people are starting to wonder whether all is well. (Discussion on another blog) EDT is immune from this difficulty.
I whole heartly agree with both comments. I took Mike's advice and closed Friday's trade early with a small win instead of a significant loss.

Regarding copy protection: The key is good as long as you can change it when you change brokers. It seems like I have been through too many brokers mostly due to the liberals in the US congress who insist on putting legislation in place to protect me by taking my money. It's nice to see that the rules they put in place don't apply to indiviuals with a networth of $10Mor more.... I think this is an example of the Golden Rule (He who has the gold makes the rules).

Lastly, today's trade was another one of those barely stopped out. I am looking forward to versions 3.1 and 4.0 that Mike has announced.

Until next time, good trading!
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Old Nov 30, 2011, 3:12am   #74
 
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Joined Oct 2006
Re: Euro Daily Trader

This is a tempting EA to get!! Oh yea, I've been a member for 5 years and this is my first post Hello everyone!
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Old Nov 30, 2011, 5:32pm   #75
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Wednesday: Unless the euro comes off the boil slightly in the next 30 minutes I'm not expecting EDT to trade today.

We rather need a couple more quick wins, as the Moving Averages are coming down as a consequence of Monday and Tuesday bringing losses.

50 day MA 3.04
100 day MA 3.44

Despite this, and so long as June to middle September claims by Mike and G are reliable, the average pips for the last half year are around 120 per month. So I'm about 40 behind the 'official' tally.






If that experience could be repeated i.e. around 30 pips a week net profit I would be happy


18:00. It opened a long trade
18:14. It lost


Sadly I only achieved 6 pips for November, having missed the 39tp on one trade by less than a pip and slumping back to BE. Sob sob.

Last edited by wiseambitions; Nov 30, 2011 at 9:21pm.
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Old Dec 2, 2011, 6:42am   #76
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Alleluia

Thursday night's trade, Long on EU, closed 7 hrs later in profit

50day MA 1.88 pips daily
100 day 3.83

It's positive, and it's enough to keep us rolling.

In 100 days, at 4%, 1000 or $1000 could be turned 1972

Last edited by wiseambitions; Dec 2, 2011 at 8:40am.
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Old Dec 5, 2011, 7:56pm   #77
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Monday

After 2 losses which erased Thursday's win, the trouble is the long term MAs are falling (e.g.100 day MA = 2.67) - Half of the observations which mean since publication of the system are my own figures not the sellers'

Occasional losses aren't of much significance, but when the 100 day MA had previously been more like 5 it desperately needs 2 or 3 wins this week now to try and nudge things back towards normal.
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