might be an idea to just test the last six month of data, and reoptimise every month, that way you can keep on top of market changes?
Steve.
Steve.
Need explanation on Good boy EA 0 replies
Lazy Boy Day Chart Strategy 35 replies
blue boy system 35 replies
new boy 10 replies
Dislikedmight be an idea to just test the last six month of data, and reoptimise every month, that way you can keep on top of market changes?
Steve.Ignored
Dislikedperhaps when nanningbob has some time, he can shed more light on this? What I'm now doing is using both EAs on one account. I use the 35X20 EA for the AUD/NZD at .10, and the 100X80 on seven other of the safer pairs at .03 each. So far, the AUD/NZD has been a stellar performer. The other pairs have been slow, but also a slight increase in the account, which I don't complain about. If there were more optimal settings on a certain pair, I could simply change the EA settings for that pair.Ignored
DislikedRemember you are testing one at .03 and the other at .10 so the .10 has an advantage. Try both at .03 and the profitability would be much closer.
My philosophy on this is this. An EA needs to cover the possible range of a currency. For instance the Eur/GBP biggest day ever was around 350 points. An EA that can cover 400 points has the odds of never wiping out in theory
The gbp/jpy biggest day is around 1800, however, making a practical EA of 1800 range is not reasonable, unless you have 20,000 or more to play with. So now you do a risk...Ignored
DislikedThat was a GREAT explanation of your EA and philosophy, and the time you tool to explain is greatly appreciated. Someone with a large enough account could make a great income using the either of these EAs. I'm not rich, but I have bee3n thinking of exactly what you were saying....going .10 on several pairs or more. Right now, am going .03, and on a live account, and want to see what happens. VERRRRYYY slow day today. But, I've seen when it heats up what just .03 can do. And, i know that going a "dime" makes it exponentially more, so I won't go...Ignored
DislikedThanks, I am doing very well for the contest. I think when the first results come out I should be in the top 10. My other live account is doing well also and I exspect to take another 3-500 check depending how I do in the next two days.Ignored
DislikedI hope you WIN the contest! In thinking of what you posted, I was stopped on the EUR/GBP when I used it on the 35X20 EA with a 200 pip stop, when a few days ago, it went 291 pips with hardly any retrace. If someone really wants to optimize an EA for each pair, they would have to set a stop on this pair of about 400. On the other pairs, it would be something higher than say maybe the last several highs. Certainly no expert on this system, but the higher the stop you set, the more risk entailed on each pair, because getting stopped at such high levels...Ignored
DislikedRemember you are testing one at .03 and the other at .10 so the .10 has an advantage. Try both at .03 and the profitability would be much closer.
My philosophy on this is this. An EA needs to cover the possible range of a currency. For instance the Eur/GBP biggest day ever was around 350 points. An EA that can cover 400 points has the odds of never wiping out in theory
The gbp/jpy biggest day is around 1800, however, making a practical EA of 1800 range is not reasonable, unless you have 20,000 or more to play with. So now you do a risk...Ignored
DislikedHi Nanningbob,
I notice you mention the largest daily range for a currency being 800 pips(for example) over a 7 year period. What happens if the currency continues in the same direction the next day without a pull back? When a currency has one of these big days wouldn't you have to look at the next day to see just how far it went.
And regarding the size of the pullback. If the orders are 80 pips apart with a 100 take profit its possible that with a pull back of 170 pips still no take profit would be achieved, it just depends where the pull back...Ignored
DislikedHi Nanningbob,
I notice you mention the largest daily range for a currency being 800 pips(for example) over a 7 year period....Ignored
DislikedThe 100x80 using it on 17 pairs at .05 lots. Started with 2000 opening balance with no trade going over 5 levels all week. I did close my EA 2 times during the week, thats all the trades at once. I also am experimenting with closing only those currencies level 3 or higher at the USA open so I dont take as big of a deficit bite then. So far that strategy has worked out very well.Ignored
DislikedMany Thanks for this great system, Bob.
I never realised some great system developer showing the magic in this Rookie section....Ignored
DislikedThe 100x80 using it on 17 pairs at .05 lots. Started with 2000 opening balance with no trade going over 5 levels all week. I did close my EA 2 times during the week, thats all the trades at once. I also am experimenting with closing only those currencies level 3 or higher at the USA open so I dont take as big of a deficit bite then. So far that strategy has worked out very well.Ignored
DislikedNice graph Bob - Do you know what your biggest DD was?
Last week I ran 100x80 6 safest pairs starting .05 24/5 - made $355 largest DD $310.
I want to go-live with this one, but currently find $300+ DD too much to bear, so this week I ran it 24/5 starting with 0.02 - it made $53 with largest DD $61
I guess some weeks are gonna be big and others small.....just need to find a happy risk threshold.....
Next week I will demo both 17 pairs and 6 pairs, both starting at 0.02 and see what that brings.Ignored