http://www.kitco.com/images/live/nyg...07787682455684
Thanks for the suggestions, Kosmo. If you could help me with figuring out the unexpected closure problem by posting a statement when it's available from your broker, I can start working on that.
About the max possible drawdown, look at kashTrader's trade explorer http://www.forexfactory.com/kashtrader/58. It currently has all orders opened, no pending orders left. Now, the spread is smaller than average, but the floating loss is about 2.4% Up to this point, it can't lose anymore because all orders are hedged. It's true that if he were to close all trades, and start EA again it could get hung up, but my point was centered around the worst possible scenario in one instance of time. The 30% figure comes from the spread and gridlevel setting I use, which is average among most brokers, and assumes the user will not change settings. Having less spread is a limited advantage, and the drawdown is far less, but price can range it into a lockup. Gold has the breakout characteristics that make this EA work well with gridlevel gaps of 0.40-0.60 over time, or more numbers of orders with ~0.10 sized spread.
This part below will only be relevant for a few hours.
Here's a couple of explorers that are similar to my broker\settings. Note they have a start entry point close to mine.
http://www.forexfactory.com/mucky/77
http://www.forexfactory.com/spyderman/65
http://www.forexfactory.com/dambuster/20 -he increased his buffer and gridlevel, so gaps are about $0.50
Thanks for the suggestions, Kosmo. If you could help me with figuring out the unexpected closure problem by posting a statement when it's available from your broker, I can start working on that.
About the max possible drawdown, look at kashTrader's trade explorer http://www.forexfactory.com/kashtrader/58. It currently has all orders opened, no pending orders left. Now, the spread is smaller than average, but the floating loss is about 2.4% Up to this point, it can't lose anymore because all orders are hedged. It's true that if he were to close all trades, and start EA again it could get hung up, but my point was centered around the worst possible scenario in one instance of time. The 30% figure comes from the spread and gridlevel setting I use, which is average among most brokers, and assumes the user will not change settings. Having less spread is a limited advantage, and the drawdown is far less, but price can range it into a lockup. Gold has the breakout characteristics that make this EA work well with gridlevel gaps of 0.40-0.60 over time, or more numbers of orders with ~0.10 sized spread.
This part below will only be relevant for a few hours.
Here's a couple of explorers that are similar to my broker\settings. Note they have a start entry point close to mine.
http://www.forexfactory.com/mucky/77
http://www.forexfactory.com/spyderman/65
http://www.forexfactory.com/dambuster/20 -he increased his buffer and gridlevel, so gaps are about $0.50
Too close for pips, switching to points.