The hedge is try to lower as much as possible the number of open trades. The latest version is v1. Your email address will not be published. You may use these HTML tags and attributes: Crescendo's blog is meant for that. For now I've not been able to do it. Not as I wanted. But I promise I'll do my best to make it happen. When did you first sale on GBPJPY start? What are your settings? I just sent you reply by email including attachments for my settings photoshots for you to check.

Apart from the fact that you also traded with 0. Personally, I wish Andrea would spend more time trying to improve his own creation and less time trying to sell everything!! That's what I do Dave. I work on developing an testing most of the day, so you have no right to write things like "Personally, I wish Andrea would spend more time trying to improve his own creation and less time trying to sell everything!!

Personally I wish you stop blaming me for your DD as it is mainly due to holiday period and if you decided to trade despite of my suggestion not to do that on live account is at your own risks.

I take full responsibility however..

I also set freq to 6 so it won't open anymore trades I don't know if I have the stomach for these draw downs…. I hope I am not a fool here…good luck I would like to know if anyone else is having this DD…. Thank you Stephen…I have been trading Froex for 3 years …It's my personality that gets me scared.. I know its part of the game…have a great day! Because your settings are really conservative so the amount risked per trade based on your account size is very conservative.

My settings are almost identical to yours. My trades include 6 Sells for GBPJPY which commenced on 30 Dec 10 and then another 6 Sells on GBPUSD commencing on 7 Jan In looking at his January results I have the almost identical trades as for his on GBPJPY but, he does not appear to have been clobbered with the GBPUSD ones…..

I had all closed my trades closed by the 16th December set tp to 1pip , switched back on on the 11th January let things settle after NFP and been in the trend since! This way, we can find, if we lose the links, which I did. I am a believer in the longer term success of Crescendo, however, my shorter term results are severely straining my beliefs…..

This I accepted, because I did not follow the rules. Then at the end of December and January , Crescendo entered a series of 7 sell trades for GBPJPY and 6 sell trades for GBPUSD. Having read many messages on the Blog that, in time, the trend will always change — so have patience — accept the risk and all will be OK. I decided that the only way to comply with this line of thinking was to increase the DD level to combat the situation developing. I do have one unanswered point, which I hope Andrea will answer for all Crescendo users and in particular those using Ver 1.

CONFIRM that in his live account he has been fotunate to have Crescendo account run for around a year with increasing steady profits….. Unless one is so fortunate, they are more than likely to be wiped out by the sort of results I have suffered.

This growing DD availability has never, to my knowledge, been fully explained and seriously tests any new account….. Some futher clarification would therefore be helpful…. I suspect the whole premise on which Crescendo has been developed is seriously flawed…….

I too got an early scare, and decided to lower my risk. It should have, as the trend was -5, but it never reversed.

Starting out, we don't have that buffer. I know this algorithm can make money, but I hate trading without a stop, and I just don't know if I can psychologically take this EA.

It always happens that the account looks great, but as soon as it goes on sale, its performance starts to lag, and it goes through that "rare" circumstance and hits the worst case scenario. I am sorry to hear that your account went south so to speak..

I think you have to be very conservative when trading Cresendo or any EA as it can and sometimes will eat your equity alive. I hope you have a good trading day! Switching frequency to 6 to limit DD is not exactly the best idea, it would be like stoping the car because you have almost finished the gasoline, this way you wan't arrive to destination.

You should have switch frequency at 5 to reduce new opening, as you decrease the speed of your car when you realise that the distance between you and your arrival is bigger then you thought, but this should be done at the right time, maybe after the 5th or the 6th opening when you still have a good stock of fuel.

This is an EA with which one may assuredly 'play' with the settings in order to make profits. I have entered manual trades with the trend when Crescendo was trading against the trend and made profits every time. I use this technique only when the trend is very strong however.

Crescendo's entering multiple trades AGAINST the trend — which causes the drawdowns — is not a good feature in my opinion. I do hope Andrea's Version 1.

My message to all those who are aggravated by the drawdowns: DrawDown is part of forex trading so one must learn to live with it. It is also meant to be temporary until trades turn around. If you find yourself in what you perceive to be 'dangerous territory' — adjust your settings to mitigate or stop entirely an enlarging drawdown. Traders who cannot handle drawdowns emotionally, shouldn't trade. This is my opinion. But Andrea's concept of the 'Portfolio of EA's' is excellent and trading 2 or 3 together, as suggested in this blog is working well for me.

At least so far. I wish everybody Good Luck with their EA's! Andrea, did I make a big mistake by changing my Freq from 4 to 6? I am incurring large DD on both pairs so I was afraid to let crescendo add more positions.. Last night I had a new idea about how managing Crescendo automatically meanwhile being safe in front of huge reversals trend and decreasing DD.

I'm testing it on a demo account in real time and in these two days is going well, but it nedds a back test to understand more. The fact is that i'm not clever to back test, so I'm asking if there's someone able to do a reliable back test that is interested to.

Below there's the settings tab. The purpose is to use the close on counter trend to avoid the EA going against the trend, but this feature must be activated when the DD is the lowest as possible; that feature also must be paired with the trend follower that will be usefull to recup losses caused by the close on counter trend and also to increase the wins avarege during strong trends. I sure am lost confidence in this EA.. I know DD are part of the business however..

I tell myself its not a permanent DD just a floating one.. It's a long story so I won't bore you with the details but to no fault of my own I recently lost my VPS account. They erased all my EAs and MT4 platforms. So I'm starting over with Gallant which has a set up I'm not familiar with.

I have successfully loaded Crescendo v1. I have a smiley face but it is stuck in 'authenticating' mode. I suspect it's because of the. Can you please advise me as what I should do? I wrote recently about receiving an invitation from a person called Andrea — touting the MegaBot system. This morning I received an email from someone called Andrea directing me to a place where I could go to watch a seminar on this product….. I checked the Properties of the sender and it is from someone calling themselves "Andreayour FX coach".

You really should advise your faithful that this stuff is not coming from you……………. I am aware that we should only take notice of what you recommend from your site — but this sort of thing is an affront to honest people such as yourself.

I am very happy with Crescendo… I am running ver 1. I have frequency set to 3, Close on counter trend set to false and linear martingale set to true. It trades often… the drawdown is manageable and experience tells me trends always have corrections and or reversals.

You must pay close attention to risk with this EA! At the end of the day I'm money ahead. I would like to see a couple of other currency pairs to smooth out my equity curve in periods of drawdown, but I'm sure those developments will come.

I have come to trust this EA. My broker has penny accounts. When I knew I could trust it I increased the risk. This has worked well for me. Al, I have the same account size and settings that you do. You might want to try it!? But if that's the only thing you're able to do, without anything positive to say well then you're also welcome to say it somewhere else.

If you have suggestions on how to make it better or any kind of idea, that's fine. You can criticize but everybody is able to do that. Another thing is criticize to build something better. That's much more difficult to do and probably something far from your personality. You just wrote 4 comments in the blog. Not even a single "idea" or any kind proposal. Is there anything else in your brain? If you're simply unhappy with what you got here, well nobody is forcing you to be part of that community.

Well said Andrea…you provide the community a good service.. I agree if you can't provide ideas on how to make things work better or new ideas on increasing ones bank account — then I say have a nice life…and move on…. In the most recent time check Crescendo V 1. Is this a glitch or is it because the algorithm did not see a good signal to but or sell? It also closed out some trades in the GY but didn't draw the lines to indicate which ones.

No big deal really, but it took a minute to sort it all out this morning. I practiacally doubled my account in one month. I could not have been more pleased with the performance of Crescendo and was ready to start trading it on a live account. But I decided to give the demo one more month just to be sure the markets were truely back to business as usual after holidays. I am very glad I did. Then comes January and it all turned around.

Did anyone else expereince a great December followed buy a horrific January? In everyone of these big DD's, it appeared that Crerscendo mis-read the signals and bought when it should have sold, or vice versa. Of course, we've all been guilty of that at some point, right?

Maybe the new v1. Again, I accept that there will be losses with EA's. That is part of trading. But if they are going to wipe out four months of gains a couple of times a year, I don't need to use them. Jeff, have you not the read the manual? Duh, you are running at nearly 10 times the recommended risk. As to mis-reading the signals, no that is impossible.

It is software that makes the decision and if the trend reads down at the time, then it well sell. The trend can change after that point, but neither you nor a piece of software see into the furture. Ciao Andrea, can you update us about Crescendo state of work?

While waiting for release I would like to read about the new features. Time goes by and you are in late: I have started getting an authentication error on Crescendo and a message saying to email support. Have tried again — removed EA from charts, reopened MT4 and reapplied — still getting the same error. I am also getting "Failed Authorization" as of Pacific Time on I restarted Crescendo several times but it didn't help. I emailed support forexcrescendo. The Crescendo blog link on the Pimpmyea blog says the Crescendo website has been taken down as of How do I get the EA running again?

I have v 1. I started trading Dec 21, and it had a good start. I also wanted to see how it would trade over the christmas holidays. I wasn't going too and I know everybody says not to but I wanted to see how it would react over the holidays. So it took on a bunch of trades against the trend and I ended up losing dollars on a account.

Now if I had the close on counter tred set to true as I should have would it had made it through the christmas holidays in better shape? Also when I changed the close on counter to true because I figured out what I had done wrong. Since Jan 14, out of 26 trades I have had only 4 losses and have a net profit of 82 dollars. Going back to the top!

So I guess my question is: Would having the close on trend set to true instead of false made any difference over the hoilday season? It will be great in v 1. That is what the program has to have no human involment for nothing, humans screw things up.

Like Stalin said "no human no problem". Those are the period that is safer not to trade or trade with very low lots. Forex Crescendo reminds me of another EA called Pips Leader that kept buying positions even against the trend in the "hope" and lets not mince words — its a hope that the market turns round eventually. Sure it made money for a while but sooner or later a big trend against the buying pattern emerges which is an account destroyer. The idea of raising or lowering the "average" buying price ie: Well that day has come for me.

I wish everyone else luck with this EA and thank Andrea for his committment but its not for me. The Drawdown is crazy especially when you get the two Currency pairs going against the trend "in tandem". Whilst Crescendo can be a very usefull tool in the right hands for the majority of users there are just too many options and settings to consider.

I will go back to my manual trading where I feel safer knowing I am in control of the risk more. Crescendo has just wiped out 12 months of profit for me so lesson learned I guess the hard way.

Steven I am sorry to hear that you lost money. I have had a very similar experience with Crescendo.

A huge DD and eventually stopped out. I lost a full years worth trading profits as well…a rather devastating ordeal. I to thank Andrea for his work but the EA is not for me either. Just so everyone knows i used the recommended setting from the "BLOG"…and I even had risk set less than recommended…. I know that there is no software out there that can totally trusted to make big passive money for you..

I hope that everyone will contribute to the blog and see if we can all make some money together…happy trading.!! I have also had 8 trades for the GBPUSD stopped out on 2nd of Feb where the first trade was opened on the 7th of Jan. Also it'll add a new set of filtering that will avoid those problems.

I'll publish some of the backtest taken with it in the weekend. Hi Andrea, I figured something like this.

I suppose because it was demo trading I was more willing to see how it went and thought maybe 1st week in Jan was O. Thanks again for your efforts.

One question about "grid trading". Would it make sense to start trading live only once it seems to have reached or is near a historic high or low or does it not really matter where you start the robot?

Best EA

Well not in the case of Crescendo as it's not a real grid trading system. I was new to trading FX last July. I wish I had know about the August effect then. My account was decimated in August and I didn't realize August was a bad month to trade. This is something that we almost have all learned your very same way. I Just need to get an even viewpoint out on Forex Crescendo. I've been running ForexCrescendo across three different brokers and have had consistent profitable results.

Also, the most important this to first do is a run on a DEMO account and read the ForexCrescendo guide. READ THE GUIDE and follow the guidelines.. It really works… Currently, I'm at work and can't share my settings to all. A very satisfied customer who by the way was very suspicious of the consistent results.

Andrea, thanks to your comprehensive persistence on building a real deal consistent profitable product. I have moved my VPS physical location from New York to Sydney. I assume UTC and GMT have the same meaning? If I leave the FREQUENCY setting at 4 midnight to midday , will this cover the opening morning session on the London exchange?

Or is there a better setting to choose? I have been running version 1. Your back testing for v1. Freq 4 is fine for version 1. UTC and GMT are the same time, so you would not change your setting for GMT shift just because the server time is different. Good job in this blog! I 've been watching Crescendo performance, and thinking of the opened positions.

Isn't it the lot size to big? What I am taking in consideration is:. The actual floating bigger than — The initial deposit of almost The lot size were always the same , since the begining 0. So, if what is happening now the minus happened in the begining, wouldn't it be a catastrophe? Maybe I am missing a point or two. Please let me know. Hi Crescendinos, Please check the results of the Crescendo Beta version 1.

And switch it back on again when the GBP drops. Is it to preserve your nice equity line? That's why you see it come and go as I switch the VPSes and I didn't realize that in one the myfxbook account wasn't set.

The equity line is not nice actually in any case. This is because I decided to leave it open during holidays the first GBPJPY trade of this set has been issued the 31st of December.

Hopefully it'll come back to something decent soon. I saddened to say that I'm in the same situation. I have a very large DD in GBPUSD since January 6th when it started selling. I took a large loss today, so I'm depressed. I had to stay up and watch as my DD got so large I had to begin closing orders so as not to lose the whole DD amount.

There seems to be no end in sight. I can only hope for a very large fall on the GBPUSD. GBPJPY is in DD since Monday Feb 28 but only 1.

Too much 'baby-sitting' in my view. I'll go back to it eventually, but probably not until Andrea releases his new v2. Andrea has been away for some time, so can't really blame him. The recent buy GBPJPY trade from 2. I could see this one was headed for Max DD again so I simply shut it off. On a different broker account, I watched the price fall to a point that was twice what my Max DD was set for so I surely would have been taken out.

I decided to wait until price had climbed up to the break even level for the two open positions. That happened this morning. I turned on the Crescendo account when the price had risen to It completely ingnored all the price action history of the previous week when it surely would have hit the Max DD. Has anyone else tried this?

Simply shutting Crescendo off when a trade goes bad and wait for the price to rebound before turning it back on and thereby avoid taking the huge loss of the Max DD? I had experimented earlier with this idea by shutting it off when it was suffering a minor draw down. I waited for the price to climb to twice the TP point before turning it back on. As soon as I turned it on, it closed immediately at the current price level which was twice the profit I would have made had I simply let it run its usual course.

I think I can finally take Crescendo live if I no longer need to worry about taking the hit on the dreaded MAX DD. Hello Emanuele, That is correct. I only closed Crescendo. The orders continued live on the broker but Crescendo was asleep. I know it is a risky move, it is essentially the same as setting Crescendo to have Max DD set at You are only limited by your own margin requirement. But it has saved me many hundreds of dollars in the past couple of months.

Just a few weeks ago when several on here wrote of being stopped out at their Max DD, my trades stayed open and still had a cushion of over pips left before I would have been stopped out for a margin call. In every case, the price did eventually come back and I ended those trades with a profit instead of a loss. I waited until price had come back up before turning Crescendo on and it reacted to the present price level and closed at a profit, ignoring the low that occured while it was shut off.

I have been running Crescendo live since the beginning. I have only hit the max DD once but it never closed the trades. It was only then that I realised it had lost control of the trades for whatever reason, so they were running on their own. However the second time I started I was running 1. This seems to be running nicely and I have not had such high DDs again. So far so good…. Pardon my ignorance, but why has the JPY strengthened against the GBP and USD following recent catastrophies in Japan?

I would have thought the JPY would fall?

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Now that Crescendo 1. Well, today closed out the last of my Crescendo 1. I am looking forward to the release of your hedging Crescendo. Hi, is this robot trade in both direction?

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The actual version of Crescendo , runs on GBPUSD and GBPJPY currency pairs. Leave a comment Cancel reply Your email address will not be published. Facebook Auto Publish Powered By: