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  • #441
  • May 15, 2019 6:40pm May 15, 2019 6:40pm
HAHAHA!!!
Insanityoing same ting over expecting different results..Einstein
  • #442
  • May 15, 2019 7:35pm May 15, 2019 7:35pm
Quoting NPSystems
{quote} I wouldn't bother with Pepperstone because they have one of the highest commissions around. It seems to me that the best broker for this type of trading is Coinexx because their commission is $2 instead of the common $7 so the net pips would be easier to attain since there's less commission to overcome. Also, they accept US residents since Cubbybgood is a US person.
-I’ll probably go with the same broker as cubby and the same pairs as well to eliminate issues and mirror the solution once satisfied with forward testing in live account.

-Happy to rewrite the mql4 to mql5 to save cubby money, allowing the testing of multiple currencies in strategy tester.

Yes, fees in these type of systems are high given multiple positions are running for long periods of time over night.
  • #443
  • May 16, 2019 2:21am May 16, 2019 2:21am
Lol who is trading this system live besides cubby?

Better close your longs before you all blow up.
  • #444
  • May 16, 2019 5:17am May 16, 2019 5:17am
Quoting Brassboy
Lol who is trading this system live besides cubby? Better close your longs before you all blow up.
The issue with this strategy is in plain sight but try telling that to the people that are fawning. Currently all it will take to blow the account is for GBPCAD to keep moving downwards. The strategy is helpless against that event. Also, there is no so called "natural hedge" between the 3 pairs in the strategy. All three pairs are self destructing with buy trades.
Attached Image (click to enlarge)
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  • #445
  • May 16, 2019 5:40am May 16, 2019 5:40am
Quoting NPSystems
{quote} The issue with this strategy is in plain sight but try telling that to the people that are fawning. Currently all it will take to blow the account is for GBPCAD to keep moving downwards. The strategy is helpless against that event. Also, there is no so called "natural hedge" between the 3 pairs in the strategy. All three pairs are self destructing with buy trades. {image}
You need to close your eyes and hope for the best..
The only solution to this is to spread the strategy between more pairs. This can smooth the equity curve.
The biggest risk is not taking a risk.
  • #446
  • May 16, 2019 5:40am May 16, 2019 5:40am
I am running this system. started two days ago, on a 13k live account. and I am in 2k drawdown. hahaha

I am also running it at a slightly higher leverage than cubbybbad
  • #447
  • May 16, 2019 5:42am May 16, 2019 5:42am
Quoting Brassboy
Lol who is trading this system live besides cubby? Better close your longs before you all blow up.
This kind of talk ALWAYS happens when price moves like this and I hits DD. Yes, we are in DD. DD happens with ANY system! Get over it.

There is no telling how low the GBPCAD will go but what I do know is the lower it goes, the more likely we are to have a bounce. This is somewhat normal DD for this system as of now. I say "somewhat" because this isn't your every day price movement. This is stemming from the brexit drama.

I would give more updates today including a youtube video update but I have guests in my house till this weekend...

I will hold my positions.
  • #448
  • May 16, 2019 5:49am May 16, 2019 5:49am
Quoting leppozdrav
{quote} You need to close your eyes and hope for the best.. The only solution to this is to spread the strategy between more pairs. This can smooth the equity curve.
Yes, that's true in my case also. I've known safety in numbers to work better. But, it's going to take a lot more than that to survive. I recognized within minutes of the posting of the thread that there was no way this would last long term. I don't want to offer advice on how to make this better especially since there are so many here that are fawning but I will agree to that, safety in numbers.
  • #449
  • May 16, 2019 5:54am May 16, 2019 5:54am
Quoting Cubbybgood
{quote} This kind of talk ALWAYS happens when price moves like this and I hits DD. Yes, we are in DD. DD happens with ANY system! Get over it. There is no telling how low the GBPCAD will go but what I do know is the lower it goes, the more likely we are to have a bounce. This is somewhat normal DD for this system as of now. I say "somewhat" because this isn't your every day price movement. This is stemming from the brexit drama. I would give more updates today including a youtube video update but I have guests in my house till this weekend... I...
Yes but that bounce may never be enough because the price may just settle somewhere else down there and may never retrace enough. I believe this idea can be made to work long term but I can pretty much guarantee it will not work in its current form. For one thing, the grid has to be eliminated.
  • #450
  • May 16, 2019 5:55am May 16, 2019 5:55am
We are having a moment of higher DD. It will test the patience of those using my system. It will definitely scare off many traders for sure, but those that stay in, should know that DD much higher than this is not typical.

We wait...

P.S. I will not be responding to future FUD comments regarding this current DD.
  • #451
  • May 16, 2019 6:09am May 16, 2019 6:09am
Quoting Cubbybgood
I will not be responding to future FUD comments regarding this current DD.
Sure dude stay in denial and hope you have a gr8 wknd.
  • #452
  • May 16, 2019 6:47am May 16, 2019 6:47am
What we need here is a true hedge ie sell and buy on same currency. Unfortunately the us guys aren’t allowed to hedge. What a shame.
  • #453
  • May 16, 2019 6:57am May 16, 2019 6:57am
Quoting Pip-Miner
What we need here is a true hedge ie sell and buy on same currency. Unfortunately the us guys aren’t allowed to hedge. What a shame.
Truth to this in many cases but not all...

The AUDCAD and NZDCAD would not be helping if they were shorting right now...

The NZDCAD is in 20 pips overall profit right now
The AUDCAD is just -55 pips overall floating loss right now.

In this case, they will likely help when the GBPCAD recovers some.
  • #454
  • May 16, 2019 7:08am May 16, 2019 7:08am
The problem right now is trading a Pound cross right now with Brexit is very risky.


Cheer

Jeff
I EAT PIPS
  • #455
  • May 16, 2019 7:20am May 16, 2019 7:20am
I'm kinda glad this DD is happening so early in the releasing of my EA to the public. It will knock out the tire-kickers and also show me who to ignore in my thread here.
  • #456
  • May 16, 2019 7:23am May 16, 2019 7:23am
Just ignore those ppl talk regard bout dd . This EA are given for free , what do u aspect then ? Person who encode this EA are aware of it , just let the EA do the work then .

i have backtesting this ea several time and come out with afew improvement . iam still new with mql4 coding but then iam manage to build an ea base on ur method .

Attached Image (click to enlarge)
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my ea work on 5 min and only trading from 9 - 23 which during new york and london season .
this ea use volume data , engulf bar, rsi and BB band .

this ea will trigger if volume have surpass certain level , engulf bar appear , rsi (OB/OS) , open or high touch upper/lower band then it will do the trade

it pretty simple anyway .
  • #457
  • May 16, 2019 7:48am May 16, 2019 7:48am
i am still holding this drawdown and letting it run. will keep you posted
  • #458
  • May 16, 2019 8:22am May 16, 2019 8:22am
Quoting CosmasMoses
Just ignore those ppl talk regard bout dd . This EA are given for free , what do u aspect then ? Person who encode this EA are aware of it , just let the EA do the work then . i have backtesting this ea several time and come out with afew improvement . iam still new with mql4 coding but then iam manage to build an ea base on ur method . {image} my ea work on 5 min and only trading from 9 - 23 which during new york and london season . this ea use volume data , engulf bar, rsi and BB band . this ea will trigger if volume have surpass certain level...
Backtest modelling quality 52%...??? One year of testing period...??? Engulfing pattern on 5 min chart...??? I'm curious about your results on the real money account...
  • #459
  • May 16, 2019 9:00am May 16, 2019 9:00am
Quoting eel
{quote} Backtest modelling quality 52%...??? One year of testing period...??? Engulfing pattern on 5 min chart...??? I'm curious about your results on the real money account...
i will test it by myself dont worry bout it .
  • #460
  • Edited 9:51am May 16, 2019 9:36am | Edited 9:51am
25% DD isnt abnormal with this kind of EA,but if we pass 40% you are in troubble.For future use i would widen gridspace to some 30-40 pips on GCAD because GBP pairs are way the biggest movers against CAD,JPY and AUD,but for NZD/CAD and AUD/CAD should use 20 like settings are now....Just a tought....I think the situation are worse for you pepperstone guys started first trade some 50-70 pips before cubby,but luckily its just demos i hope.Have some faith guys.
Insanityoing same ting over expecting different results..Einstein
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