Hi Ding,DING wrote:I got disappoint the FXAW forum activity just only focus on Entropy , and the others EA are nobody testing and trading, all forum thread so quiet...
...
That's normal since entropy is the main tool ongoing, and Craig spending all his time enhancing and working on it. He mentionned that once the tool gets stable (application, EA ..etc..) and the features complete, he will then re-work one of the "old" EA, if am not mistaken (RSI or jitterbug)
Craig being the only developper and Entropy being such a huge piece of work, we can understand that he focuses all his time only on it.
fx8000 wrote: Hi Gamma,
You have been with FXAW for about a month now. What are your impressions so far. Any success with Entropy ?
Peter
Hi Peter,
After a month, my impressions are positive. The foundations are rock solid.
Unfortunetaly, I can't give you exact results, since I have been taking trades on various plateforms (mainly demo and few live), and on those plateforms I'm also using other strategies, so not really possible to split the different results ... Also, I didn't take each and every relevant entropy trades (lack of time etc..) but overall the results are positive.
A short summary of entropy signals :
- We receive many signals (from M5 to D1) each one rated with different "vectors" (= probability of success)
- You mustn't take each of them. You need to separate them based on the timeframe (focus on H4, D1) and on the vectors (keep only those with higher probabilities)
- Once you get a shorter list, with interesting signals, then you have a look to the different TP and SL suggested by the tool (TP conservative, medium and agressive), you make the ratio R:R
- Based on this, it's up to you to decide whether you take the trade(s) or not, also based on your feeling about the pair (ex.: signal is bull, but you have the feeling the pair is strongly going down, so you pass this trade)
- Since we trade H4 & D1 signals, it can take time for the trade to trigger (limit order) and to reach the targets. So if you're a pure scalper, you could feel frustrated by the lack of action and speed...
You can see that so far it's a lot subjective and manual, so each one will get different results. Some of the people do trade lower TF, other take trades showing bad R:R etc ... it all depends on your risk appetite and on your style.
We're all waiting for the next palteform release that should get rid of the lower TF signals, because they mainly pollute the tool (too many lines), and make the signals analysis more time consuming. Having also the official EA that goes along with the plateform (should be a question of weeks before we get it), will also be of a huge help to trade the signals and assess on their quality.
Do not hesitate to ask for more feedback, with the new releases coming out on a regurlar basis, we could refine our feedback. So you have time to decide yourself on whether or not you want to subscribe to it, no hurry.
But don't think that's the holly grail, there's nothing like this out there. There will be winners and loosers. But I'm really confident that it can bring a real edge and complement your trading arsenal. Trading skills on MM are still a must with this tool to survive.
Hope this helps.
Olivier