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  • #1,381
  • Dec 26, 2019 6:30am Dec 26, 2019 6:30am
Hi there is no message from you in my spam folder and it doesnt seem that I can PM anyone here, maybe because I havent posted much?, I am not really sure ,there is no link or option like that showing up when I login, can I post the Paypal transaction ID here?, that will be a definitive way for you to see my payment details.

I also resent the details including a screenshot of the paypal receipt to your email listed with paypal so please check again on that front
  • #1,382
  • Dec 26, 2019 10:59am Dec 26, 2019 10:59am
Thanks for the quick resolution!
  • #1,383
  • Dec 26, 2019 4:52pm Dec 26, 2019 4:52pm
It seems your reference account loss on the close of trades around roll over.As the Cad spiked. You should add rollover protection so in the future this doesn’t happen.

Jeff
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I EAT PIPS
  • #1,384
  • Dec 26, 2019 5:13pm Dec 26, 2019 5:13pm
Quoting jshear
It seems your reference account loss on the close of trades around roll over.As the Cad spiked. You should add rollover protection so in the future this doesn’t happen. Jeff {image}
This was because of the slow holiday time. The spread spiked to over 10 pips for a couple minutes at my broker.

The EA does have spyke protection when entering trades. It also blocks trades from opening if spread is too high.

The problem here is the spyke in spread to over 10 pips at my broker when we were in trades. This caused the EA to think it was in profit when the market started moving. It's pretty rare for for spread to spyke this high. Almost never. Again, lack of volume during the dead transition into the new year. It's definitely not a bad hit on the account and can easily be made back within the next 24 hours.
  • #1,385
  • Dec 27, 2019 5:19am Dec 27, 2019 5:19am
Unfortunately i failed in the challenge as it hit max loss. Oh well!
  • #1,386
  • Edited 8:06am Dec 27, 2019 7:48am | Edited 8:06am
A flaw I see in this strategy is in a slow trending market the EA takes way too many trades and spaces them way too close. Also it trades 24 hours through Asian session which should be limited. I see it made it though earlier in the month as the currency pairs were ranging. The dynamic grid works well on sharp fast moves like the UK election night but not on slow trending moves. This proves back tests that show low dd mean nothing especially when the back test don't take into count trading 3 pairs at once and using the close all EA to manage a basket of trades. A draw down of 50 percent to make 13 percent is not good. From my experience 1/1 ratio with draw down to monthly gain is good. I am sure Cubby can go back and tweek the EA to make it safer. I am glad to see this happened today to allow for some changes to this strategy to make it safer and to help it avoid a day like today. Now lets see a retrace to get everyones trades flat.



Cheers

Jeff
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I EAT PIPS
  • #1,387
  • Dec 27, 2019 8:37am Dec 27, 2019 8:37am
Quoting jshear
A flaw I see in this strategy is in a slow trending market the EA takes way too many trades and spaces them way too close. Also it trades 24 hours through Asian session which should be limited. I see it made it though earlier in the month as the currency pairs were ranging. The dynamic grid works well on sharp fast moves like the UK election night but not on slow trending moves. This proves back tests that show low dd mean nothing especially when the back test don't take into count trading 3 pairs at once and using the close all EA to manage a basket...

This is exactly why recommended the risk level I did. I was trying to prepare users for the worst of conditions which we are in now. The market is tricky t the moment before the end of the year. I was wondering when this kind of price action would start. hadn't seen any of this all month till this week. We're in a slow bleed up on all EUR pairs with almost no pullbacks. Volatility is low, hence the reason for the maximum 10 pip pullback with in a 65+ pip range.

I think we have a pretty good chance of getting that pullback we need now but it will be tight. I'm starting to see some pullbacks happening on other pairs. It could bleed into ours. If we don't get the pullback in the next 1-2 hours, we'll likely get it before closing of the market today.

I do have some updates in the pipeline to help drop the risk down. I'm ALWAYS looking into ways to decrease risk!
  • #1,388
  • Dec 27, 2019 10:16am Dec 27, 2019 10:16am
Today's loss is exactly why my next BlastBands EA update WILL have a safety SL. Scalping without a SL just isn't something I want to for myself or anyone else anymore.

Making changes....


P.S.
The RMI EA is still going strong with profit closed today.
  • #1,389
  • Dec 27, 2019 10:19am Dec 27, 2019 10:19am
Quoting Cubbybgood
Today's loss is exactly why my next BlastBands EA update WILL have a safety SL. Scalping without a SL just isn't something I want to for myself or anyone else anymore. Making changes....
Interesting analysis Jeff. I did have the manage EA set to close at 5% total loss, but unfortunately I still failed the challenge.
  • #1,390
  • Dec 27, 2019 10:21am Dec 27, 2019 10:21am
Quoting Cubbybgood
Today's loss is exactly why my next BlastBands EA update WILL have a safety SL. Scalping without a SL just isn't something I want to for myself or anyone else anymore. Making changes.... P.S. The RMI EA is still going strong with profit closed today.

It seems your reference demo account had a margin call. Some trades were closed due to it. My demo running on 100/1 recommended settings had the same. Restarting a demo once you come out with a safer version. This one is just too risky.


Cheers

Jeff
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I EAT PIPS
  • #1,391
  • Dec 27, 2019 10:42am Dec 27, 2019 10:42am
Quoting Cubbybgood
Today's loss is exactly why my next BlastBands EA update WILL have a safety SL. Scalping without a SL just isn't something I want to for myself or anyone else anymore. Making changes.... P.S. The RMI EA is still going strong with profit closed today.
No worries, I know you will be tweaking the EA.
Thanks Cubbybgood
  • #1,392
  • Dec 27, 2019 2:19pm Dec 27, 2019 2:19pm

New (safer) BlastBands Version is available now!


1. 200 pip hard grid now. Wider grid = more safety.

2. EA now officially uses the TMA Bands indicator now.

3. Trades again on the GBPUSD and EURGBP pairs. Total 5 pairs now traded.

4. Safer with less times of higher DD.

5. Trades less at 10-20 times a day but the trades are more accurate.

6. We will have to sometimes wait a few days for some trades to close out but we have added more pairs. While waiting for a pair to close out in profit, we can pull profit in on other pairs.

6. Still scalps the market!

7. Clean backtests on our 5 pairs.


BestFreeForexEA.com




  • #1,393
  • Dec 27, 2019 2:26pm Dec 27, 2019 2:26pm
Quoting jshear
A flaw I see in this strategy is in a slow trending market the EA takes way too many trades and spaces them way too close. Also it trades 24 hours through Asian session which should be limited. I see it made it though earlier in the month as the currency pairs were ranging. The dynamic grid works well on sharp fast moves like the UK election night but not on slow trending moves. This proves back tests that show low dd mean nothing especially when the back test don't take into count trading 3 pairs at once and using the close all EA to manage a basket...
The hardest challenge for a EA is to know when markets go from trend , range , slow trend, fast trend, slow volatility, fast volatility. What Indicators can help the EA change (morph) from a Range to to trend environment? Is it possible to have all strategies built into 1 EA. I think not. I think most EA's are built for certain market conditions. So how do we protect our Account from the changing marker conditions? What technical Indicators can we use to stop a bad trade, in unforeseen market conditions? Some EAs (most of mine) try to get out of bad trades bye adding risk ( more orders ) to hope for a close. All EAs tend to blow up a account if risk is added to a bad trade. If we add stops, then EA's will not make us money or at best small profit. I have a EA that reduces the Take profit when a bad trade is in DD. When additional orders are added , the EA reduces Take profit even further. This helps DD. But not Margin problems. So I added to EA stop loss recovery. If 1st bad trade is stopped out then , the loss is added to the the Take profit. The additional trades that are opened (grid style) will need to cover the loss. ( Martingale +grid spacing style works best for this strategy). These filters has helped, but still have Blow up potential. Anybody know of how we can limit EA's from taking bad trades + make money with low DD?
  • #1,394
  • Dec 27, 2019 3:20pm Dec 27, 2019 3:20pm
Quoting Cubbybgood
New (safer) BlastBands Version is available now! 1. 200 pip hard grid now. Wider grid = more safety. 2. EA now officially uses the TMA Bands indicator now. 3. Trades again on the GBPUSD and EURGBP pairs. Total 5 pairs now traded. 4. Safer with less times of higher DD. 5. Trades less at 10-20 times a day but the trades are more accurate. 6. We will have to sometimes wait a few days for some trades to close out but we have added more pairs. While waiting for a pair to close out in profit, we can pull profit in on other pairs. 6. Still scalps the market!...
Thanks very much! Have you also changed the settings we need to to do? In the manual it goes back with more than 1 setting to change? There's no single balance setting to change now? Do I need to manually put a SL in too?
  • #1,395
  • Dec 27, 2019 4:33pm Dec 27, 2019 4:33pm
Quoting PippinUSA150
{quote} The hardest challenge for a EA is to know when markets go from trend , range , slow trend, fast trend, slow volatility, fast volatility. What Indicators can help the EA change (morph) from a Range to to trend environment? Is it possible to have all strategies built into 1 EA. I think not. I think most EA's are built for certain market conditions. So how do we protect our Account from the changing marker conditions? What technical Indicators can we use to stop a bad trade, in unforeseen market conditions? Some EAs (most of mine) try to get...
My conviction. Only a trend EA and small risk will survive you/us. From time to time there will always be a trend... Otherwise it is lucky to have no position at the right moment.
  • #1,396
  • Dec 27, 2019 5:08pm Dec 27, 2019 5:08pm
Cubbybgood thanks for the new version with all the improvements. One question. Lot size part 1 for a 50K demo is .1. Do I set part 2 lot size the same?


Thanks

Jeff
I EAT PIPS
  • #1,397
  • Dec 28, 2019 1:50am Dec 28, 2019 1:50am
Quoting Pip-Miner
Cubbybgood, how did you end up here despite all your efforts.
Great question Pip-Miner.
  • #1,398
  • Dec 28, 2019 6:21am Dec 28, 2019 6:21am
Quoting GodRa
{quote} Thanks very much! Have you also changed the settings we need to to do? In the manual it goes back with more than 1 setting to change? There's no single balance setting to change now? Do I need to manually put a SL in too?
V3.3 was heavily modified to help streamline some settings. I'm working on this for V3.5 but because it's using the TMA indicator (which is better but more complicated) some settings will need to be changed manually to fit your account size. I apologize for this. The settings will get easier with each release. My coder is already working on some. We've widened the grid to help with DD. Still no SL implemented yet but these new changes will at least keep traders from getting margin calls....
  • #1,399
  • Dec 28, 2019 6:22am Dec 28, 2019 6:22am
Quoting PippinUSA150
{quote} The hardest challenge for a EA is to know when markets go from trend , range , slow trend, fast trend, slow volatility, fast volatility. What Indicators can help the EA change (morph) from a Range to to trend environment? Is it possible to have all strategies built into 1 EA. I think not. I think most EA's are built for certain market conditions. So how do we protect our Account from the changing marker conditions? What technical Indicators can we use to stop a bad trade, in unforeseen market conditions? Some EAs (most of mine) try to get...
Thanks for the info here. I will look into this! Thanks!
  • #1,400
  • Dec 28, 2019 6:23am Dec 28, 2019 6:23am
Quoting jshear
Cubbybgood thanks for the new version with all the improvements. One question. Lot size part 1 for a 50K demo is .1. Do I set part 2 lot size the same? Thanks Jeff
Yes! You are correct
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