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  • #321
  • May 9, 2019 10:02am May 9, 2019 10:02am
Hi. I'm in the UK and we now have restrictions on account leverage: 50:1 for majors and 20:1 non-majors.

I'm looking at FXCM for brokering and they have a 50% initial margin call (negative account balance protection is another requirement of ESMA Regulations):

FXCM: "As of July 29th 2018 the liquidation level will be set at 50% of the entry/maintenance margin requirement. This means that if your account equity falls below 50% of the initial margin required, the account will receive a Margin Call and trades will be closed in order of the size of their loss, from the largest floating loss to the smallest floating loss, as recorded in the "Profit" column at the time of margin call."

Given the above leverage restrictions and margin call requirement, what account size funding would you recommend?

Many thanks
  • #322
  • May 9, 2019 10:16am May 9, 2019 10:16am
Quoting jeanet
thanks again Ryan, I have tried to install the RMI already a dozens of times, don't know why it didn't work, but I think now its finally in there.
@Jeanet i could see from your screenshot that somehow your computer tought that your indicator files(EXE) where URL`S ore internet links go in your indicator folder and check that ALL THE FILES IN MQL/INDICATORS FOLDER ARE EXE FILES..I think mayby you have your problem there and if so you need to delete all the files with the Explorer E on them and reinstall your indi files.As EXE.
Insanityoing same ting over expecting different results..Einstein
  • #323
  • May 9, 2019 10:20am May 9, 2019 10:20am
Quoting Shingyo
Hi. I'm in the UK and we now have restrictions on account leverage: 50:1 for majors and 20:1 non-majors. I'm looking at FXCM for brokering and they have a 50% initial margin call (negative account balance protection is another requirement of ESMA Regulations): FXCM: "As of July 29th 2018 the liquidation level will be set at 50% of the entry/maintenance margin requirement. This means that if your account equity falls below 50% of the initial margin required, the account will receive a Margin Call and trades will be closed in order of the size of...
Why dont you open account with IC markets,FP markets in Australia for ECN accounts with 500:1 leverage ore Justforex with 1000:1 leverage on mini ore centaccounts instead of using brokers that are under ESMA`S bullshit the only reason ESMA have done this is to make it even more difficult for retail traders they say its for protection,but that is total bullshit..IC markets are the biggest broker and are regulated in Australia also they have way smallest spreads..



EDIT:BTW i am not in any way affiliated with any of theese brokers just try to help..
EDIT:And @Shingyo i tought ESMA`S restrictons where 30:1 on Majors and 20:1 on minors/Exotics and if so and you dont want to change broker you need a 3000 dollar/Units to trade 30:1 leverage and 20:1 i would have 4000 Dollars/Units mayby even 4500-5000
Insanityoing same ting over expecting different results..Einstein
  • #324
  • Edited 10:43am May 9, 2019 10:29am | Edited 10:43am
Quoting Cubbybgood
{quote} Well, I've had over 2700 downloads of my system so far including downloads from my youtube channel. Let's say each person downloaded just once. Out of those 2700 people, I would guess only 10% of them are using my system/EA as intended. Unfortunately, this is just how the retail forex space works. Honestly, another reason why so many of us lose in retail forex trading. We just can't follow instruction or worse, choose not to. 10% of people using my system correctly isn't a bad thing for me personally, it will likely keep the integrity of...
i hope I am following your instructions correctly. I had two wins today on AUDCAD and GBPCAD

How do I use % money management, rather than fixed lots? Also, do I need to change the magic number, as AUDCAD and GBPCAD both have the same?
  • #325
  • May 9, 2019 10:30am May 9, 2019 10:30am
thanks FXSniper111
  • #326
  • May 9, 2019 11:46am May 9, 2019 11:46am
Quoting FXsniper111
{quote} @Jeanet i could see from your screenshot that somehow your computer tought that your indicator files(EXE) where URL`S ore internet links go in your indicator folder and check that ALL THE FILES IN MQL/INDICATORS FOLDER ARE EXE FILES..I think mayby you have your problem there and if so you need to delete all the files with the Explorer E on them and reinstall your indi files.As EXE.
The files will be recognized as ex4 by your mt4. Its not the computer that changed them to Internet files. He tried himself to open the ex4 file with the option of Internet explorer. To change them back to look like ex4, he has to right click and select properties which is likely the last at them bottom, and under the general, use the change the open with and select MetaEditor 4 any where he has it which will be in the the c folder like C:\FX Primus MetaTrader 4 Terminal or if he have a short cut on the desktop. Otherwise even if you delete and put new ex4 files, it will be the same thing.
  • #327
  • May 9, 2019 12:31pm May 9, 2019 12:31pm
Quoting FXsniper111
{quote} And @Shingyo i tought ESMA`S restrictons where 30:1 on Majors and 20:1 on minors/Exotics and if so and you dont want to change broker you need a 3000 dollar/Units to trade 30:1 leverage and 20:1 i would have 4000 Dollars/Units mayby even 4500-5000
You're absolutely right, it is 30:1 and 20:1. The 50 of the "50% margin requirement" got stuck in my brain.

Many thanks for the advice re brokers and account funding. Brilliant, much appreciated!
  • #328
  • May 9, 2019 12:43pm May 9, 2019 12:43pm
+48 pips total
Quoting ladharimoham
Here we go again ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: test6.png Size: 35 KB
  • #329
  • May 9, 2019 12:49pm May 9, 2019 12:49pm
Quoting ladharimoham
+48 pips total {quote} {image}
Soooo funny! I was literally just looking back at your post wondering if your trades hit profit! Looks like they did! Congrats!
  • #330
  • May 9, 2019 1:15pm May 9, 2019 1:15pm
I have to running now almost at close and this is last 2 days.Nice DD 0.8%
Attached Image (click to enlarge)
Click to Enlarge Name: 1.picture.PNG Size: 243 KB
Insanityoing same ting over expecting different results..Einstein
  • #331
  • May 9, 2019 1:24pm May 9, 2019 1:24pm
New video update!

Inserted Video
  • #332
  • May 9, 2019 2:36pm May 9, 2019 2:36pm
Hello Cubbyybgood,

Not bad so far your EA, really. But I think there is a lot of optimization potential out there. I integrated the simple RMI/Insidebar strategy into my strategy management system with the same trading parameters as of your default settings and the results in compare to your EA's output can be viewed on the screenshoots attached. Furthermore my SMS uses round about 9 minutes to run the backtest (01.01.2018-09.05.2019) while your EA consums more than 40 minutes.
However up to now I have only tested the mentioned timeframe above on the GBPCAD but I think there would be not that much difference to the results of your longterm tests as my system is quite similar to yours except of noticable more profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RMI_FF_GBPCAD_201801_201905.JPG Size: 103 KB
Click to Enlarge Name: RMI_EEL_GBPCAD_201801_201905.JPG Size: 53 KB
  • #333
  • May 9, 2019 2:52pm May 9, 2019 2:52pm
Quoting eel
Hello Cubbyybgood, Not bad so far your EA, really. But I think there is a lot of optimization potential out there. I integrated the simple RMI/Insidebar strategy into my strategy management system with the same trading parameters as of your default settings and the results in compare to your EA's output can be viewed on the screenshoots attached. Furthermore my SMS uses round about 9 minutes to run the backtest
(01.01.2018-09.05.2019) while your EA consums more than 40 minutes. However up to now I have only tested the mentioned timeframe above on...
Oh! Nicely done!

Im definitely not convinced I have the best settings for my EA. I say this because I’ve found numerous perimeters that show pontential profit. I’m still breaking apart the EA on almost a daily basis.

Mind disclosing your parameters?
  • #334
  • May 9, 2019 2:55pm May 9, 2019 2:55pm
Quoting Cubbybgood
{quote} Well, I've had over 2700 downloads of my system so far including downloads from my youtube channel. Let's say each person downloaded just once. Out of those 2700 people, I would guess only 10% of them are using my system/EA as intended. Unfortunately, this is just how the retail forex space works. Honestly, another reason why so many of us lose in retail forex trading. We just can't follow instruction or worse, choose not to. 10% of people using my system correctly isn't a bad thing for me personally, it will likely keep the integrity of...

Well. I am using it and letting it do its own thing))) Thanks
  • #335
  • May 9, 2019 6:16pm May 9, 2019 6:16pm
Quoting FXsniper111
I have to running now almost at close and this is last 2 days.Nice DD 0.8% {image}

Well, DD will go up over time. My best estimate is we'll be under -10% DD 80-90% of the time. Still just a guess based on my past experience using the EA on 3 pairs.
  • #336
  • May 10, 2019 2:42am May 10, 2019 2:42am
Sorry if this is off-topic, but the TMA Scalper TE is looking very interesting.
  • #337
  • May 10, 2019 3:42am May 10, 2019 3:42am
Quoting ChicagoRob
Sorry if this is off-topic, but the TMA Scalper TE is looking very interesting.
Yeah, this is the beginning of quite a few tests coming for the TMA EA. This is the highest of possible risk levels I'm willing to test. The risk per trade is low but you can see it takes 200+ trades per day. If the attached test here blows up or shows too much DD, I have about 5 different lower risk settings ready. Each taking a slightly lower trade number. I believe at least one of them will work. Hopefully it's the first test! Right now, max DD has been just over -2% after over 300 trades. Not bad! Lets see how crazy things get haha
  • #338
  • May 10, 2019 4:52am May 10, 2019 4:52am
Quoting Cubbybgood
{quote} Yeah, this is the beginning of quite a few tests coming for the TMA EA. This is the highest of possible risk levels I'm willing to test. The risk per trade is low but you can see it takes 200+ trades per day. If the attached test here blows up or shows too much DD, I have about 5 different lower risk settings ready. Each taking a slightly lower trade number. I believe at least one of them will work. Hopefully it's the first test! Right now, max DD has been just over -2% after over 300 trades. Not bad! Lets see how crazy things get haha
If you can keep DD to below 10%, you’ll be able to place your order for that Porsche 911 sooner than you thought.
  • #339
  • Edited 5:06am May 10, 2019 4:54am | Edited 5:06am
Hi Cubby,

On 12.mars 2018 GBPCAD opened a long trade and gave us a huge DD.

I have a question/suguestion:
In that trade there were a lot of other setups that would have triggered, both in the opposite direction and the same.

Have you tested to have multiple "sets" open at the same time and to work together in a basket for the 50pip target? (another kind of hedge, triggered by a valid setup)
Or these sets could close out on its own 50pip target, minimizing the DD.

Maybe put in a timer and/or x number of candles between the sets?

I om not 100% sure but would this help on the DD?



Smartcash
  • #340
  • May 10, 2019 5:05am May 10, 2019 5:05am
Quoting ChicagoRob
{quote} If you can keep DD to below 10%, you’ll be able to place your order for that Porsche 911 sooner than you thought.

Hahaha! Well, I would guess this strategy with the current settings would bring me 20-30% per month which in my terms, is almost overshooting. In an ideal world I would love to keep DD under 10%. Pushing that much profit each month, I'm hoping to keep DD under 30% which I think is possible here. I may have a DD cut off with this type of system if it get's too high. I'll just play it by ear. I can't really be backtested with this system as it requires multi-pair trading.
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