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Gold Investor update is out.
I made various backtests and best is to set the currency DD to 4% daylie e.g. 400 in 10.000$ account and 1 hour pause, if there are loosing trades. It is the best.
Not 4% as percentage, if 5% is meant to initial balance like 5ers.
other changes to settings for 5ers 5k challange:
because of an mistake yesterday, i have to start with 4739$… -.-
Answer from Support:
Dear Andy Jacobs,
We sincerely apologize for the recent losses of Forex Gold Investor. We understand the inconvenience this has caused, and we take full responsibility for the issue.
The Friday drawdown, was quite unexpected, especially considering our thorough testing and successful live performance thus far.
With more than 9 years of live trading accounts and over 20 years of rigid backtest results, we had not encountered such a force majeure event before in either live trading or backtests.
We’re currently developing a new update for Forex Gold Investor.
The update will contain enhanced protections against such force majeure events, including setting a daily maximum drawdown as a percentage of the account equity and other safeguards.
It will be released in the coming few days. We are confident that these measures will elevate Forex GOLD Investor to one of the safest EAs available on the market. And all the losses will be compensated quickly.
Thank you for your understanding!
“Why the ea always Set the lot to 2%?”
– The system 2 sometimes double the risk due to the trading logic. Perhaps this is the reason why you get 2%. You can disable this by settings Add_Lot_Multiplier=0“Why the ea doesn’t Stop to trade, when hitting the 4%?”
– The current dd protection parameters works only if you trade with other EAs on the same account and when the dd is at danger the EA just stop trading but it doesn’t check its own trade. But the new update will provide more flexible options to control this.
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P.S. You can follow the progress on the updated version of Forex Gold Investor on our blog: https://www.forexgoldinvestor.com/blog/taking-action-improvements-coming-to-forex-gold-investor-after-recent-drawdown-6</p>Profanity deleted…
Hi Boyan,
Of course, I did set the DD. At 4%. Even for me, the Max DD didn’t kick in. With that, the Gold Investor has ruined 3 challenges in P2. I understand why it went on buy. It would have worked even with 10 pips more. But causing more than 4% DD is rubbish. In 15 trading days, the EA made 8% plus. I already suspected it might incur some losses. But since I was in the car at that time, I couldn’t take any action to intercept the loss.
The EA is really good. But the developer needs to address such issues. The investor currently has a blow risk that is unacceptable. Whether you return the EA is your decision. I’ll keep it and use it once the bug is fixed.
look at Petkos newest Video:
New Update. Challange failed. Goldinvestor has a big DD today. On Real Account it is 25% dd…
5ers has closed the Account.
Update: Phase 1 successfull with Gold investor. Waiting for New Account credentials for Phase 2. Today 840$ profit.
No. The challenge is on the way. At the Moment i have a profit of 467$ after one week and three days. I need in P1 1600$ and in p2 1000$. But i traded manually a little… This was a mistake…
Yes. They Support MT4 and MT5. I copy all trades with heron copier from MT5 to my tff challenge on ctrader, which is in p1 with 575$ at the Moment. A friend starts one Day later and he didn’t trade manually. He has reached 4% profit in P1 now.
I’sorry. But cannot edit anymore:
Here is the link to the myfxbook with auto update:
https://www.myfxbook.com/portfolio/challagethe5erswithgoldinvestor/10775555Now i baught the 20k Challange and put the gold investor on the chart.
Here you can find the myfxbook entry. Data are pushed by the myfxbook EA because of missing the investor passowrd.
So you can see the state of my gold investor journey: