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  • #1,541
  • Feb 10, 2020 9:17am Feb 10, 2020 9:17am
Quoting cowtales
I'm still doing well with Live Trading at Oanda started at around $250 account. Reminder, I'm using BlastBand V4.0. Here are the results... {image} {image} {image} {image} {image} {image}
nice bro...
  • #1,542
  • Feb 14, 2020 12:30pm Feb 14, 2020 12:30pm
Week 1, FTMO Challenge Series!

Inserted Video
  • #1,543
  • Feb 17, 2020 2:07am Feb 17, 2020 2:07am
Quoting Cubbybgood
Here is the new settings/version. Nothing huge here but it's still better than the V3 and V5 in my opinion. We're looking for LONG-LASTING settings. Not settings that will give you 50-100% in a month for 2 months. These settings do well as far back as my mt4 allows. We do take some losses but it is a good and quite smooth balance growth over MANY years. I plan to modify the code myself later on this year for some new futures but as of now this is all we have. The new version has been updated on 1st post of this thread as well... Keep in mind, these...
Hey Buddy, i just saw your video on youtube really great, i love the free RMI EA, i just want to ask can i use the EA on all forex pair? and which is the leastest version to download pls? thanks
  • #1,544
  • Feb 17, 2020 10:50am Feb 17, 2020 10:50am
Quoting ben4real762
{quote} Hey Buddy, i just saw your video on youtube really great, i love the free RMI EA, i just want to ask can i use the EA on all forex pair? and which is the leastest version to download pls? thanks
I don't recommend using it on all pairs. The manual specifically states to use it only on the GBPCAD and AUDCAD. Latest version will always be on the website.
  • #1,545
  • Feb 21, 2020 5:00am Feb 21, 2020 5:00am
I've been testing Cubby's RMI_EA_Pro with some success

Firstly let me say that I now have a revealing understanding of the MT4 backtester's output and realise how much of the advertising for products is nonsense by quoting anything other than Profit Factor. Drawdown is pretty meaningless - if you doublw the bank or halve the lot size you halve the drawdown - do both and it's down to a quarter!

I soon realised that using the grid gave only a slight advantage much of the time and then a serious disadvantage on occasion so turned it off. Optimisation with the RMI. MoM, Buy, and Sell levels has produced good results for most low spread pairs but I haven't got anywhere near decent results for AUDUSD and EURJPY. USDCHF is the worst I'm using live with a Profit Factor of 1.94, EURGBP is the best at 3.19 but GBP is so cranky in the current political climate with the idiot of a primeminister we have it's small lots only on any GBP pair

While I was waiting for the backtester to produce results I programmed the 3 Line Strike which was okay but after adding the RMI inspired by Cubby's EA it's rather good - excellent three year testing but a bit wonky before that. I'll attach a copy optimized for EURUSD H4 - I haven't tried it on anything else except H1 - not nearly as good. You'll need the RMI indicator installed to run it.

Here are the settings I'm using; Profit Factor first then RMI, MoM, Buy, Sell levels:

EURUSD 2.84 13 6 32 68
EURGBP 3.19 11 6 40 60
GBPUSD 3.12 14 5 40 60
USDCHF 1.94 11 6 40 60
USDCAD 2.82 11 6 40 60
USDJPY 2.94 11 6 30 70

I suggest limiting the number of open trades and closing on a percentage loss

Hope this helps someone.

Best wishes, Geoff
Attached File(s)
File Type: ex4 RMI with 3 Line Strike.ex4   23 KB | 901 downloads
  • #1,546
  • Feb 21, 2020 6:07am Feb 21, 2020 6:07am
Thank you for this, GeoffGreaves...Is this a fully working version? Can it be used on a realaccount?
  • #1,547
  • Feb 21, 2020 6:16am Feb 21, 2020 6:16am
Quoting bazze
Thank you for this, GeoffGreaves...Is this a fully working version? Can it be used on a realaccount?
Yes, it's an unrestricted EA.

Best wishes, Geoff
  • #1,548
  • Feb 22, 2020 7:35am Feb 22, 2020 7:35am
A bit more about the RMI with 3 Line Strike EA, as I see it's been downloaded by quite a few of you.

When i wrote "excellent three year testing" that was because it didn't have a losing trade out of 1,300 with a net profit of 1,806.98 on a bank of 3,000 drawdown 6.79% The strategy tester doesn't give a profit factor without a losing trade. Reduce the stop loss to 26 and the profit drops 10 to 1,796.78 and a profit factor of 300.42!

Now this all sounds quite wonderful but I'm mighty suspicious because I want to know what happens when a few trades go wrong. Having 100% wins does mean that you can use it on a small account balance but a small account can be wiped out rather too easily so here are some examples of my backtesting with five years tick data, spread set at 2, and an initial deposit of 3,000:

1) Out-of-the-box-settings: PF 2.59 Profit 1,979.58 Drawdown 28.29% - all the lost trades in 2015 and 2016.
2) Buy level 12.5 Sell level 87.5 PF 13.08 Profit 1,538.68 Drawdown 7.85% - so you could double the lot size and still have a reasonably low drawdown thus:
3) Lot size doubled - PF 13.08 Profit 3,076.93 Drawdown 13.19%. If you had an initial deposit of only 1,500 the profit would be the same, drawdown 20%. Over just the past three years these settings return:
4) PF 360.08 Profit 1,660.23 Drawdown 27.02% - more than a doubling of bank but higher drawdown.
5) Initial deposit 1,500, lot size doubled, 5 years: PF 13.08 Profit 3,076.95 Drawdown 20% - profit doubled but drawdown more than doubled.

You pays (or risks) your money and takes your choice.

So the RMI buy and sell levels act as filters for rogue 3 Line Strike signals. The wider apart you set them the fewer trades but the fewer losing trades so less drawdown enabling a lower bank and/or higher lot size.

The take profit level of 18 is perhaps high enough that a trailing stop could prove worthwhile; when I have a bit of time I'll try it.

Best wishes, Geoff
  • #1,549
  • Feb 26, 2020 6:38pm Feb 26, 2020 6:38pm
Quoting fmg
{quote} Oanda has the worst spread possible, why would you move to Oanda? Just curious
This EA is not about spread but right trigger. There is a reason why cubbybgood as the EA owner put oanda as low risk example
  • #1,550
  • Feb 28, 2020 10:02am Feb 28, 2020 10:02am
Quoting riyanhandoko
{quote} This EA is not about spread but right trigger. There is a reason why cubbybgood as the EA owner put oanda as low risk example

This is The Most Best explanation , ever in any of forums of financial world, i have heard.
  • #1,551
  • Feb 28, 2020 2:17pm Feb 28, 2020 2:17pm
beckers,
How do you do this test like the Monte Carlos tool?
  • #1,552
  • Mar 2, 2020 2:28pm Mar 2, 2020 2:28pm
New video update!

Big Changes Coming!

Inserted Video
  • #1,553
  • Mar 3, 2020 1:53am Mar 3, 2020 1:53am
Quoting Cubbybgood
New video update! Big Changes Coming! https://www.youtube.com/watch?v=t5XL1CoROiY
Im glad your moving things this way Ryan. I have spent the last 4 years being a boom and bust trader for the exact reasons you have pointed out. I have a solid trading plan that makes good profit but I have unrealistic expectations on being able to do this as a full time job and in times of draw down my emotions kick in and that's when the bust comes. Im sitting on the side lines for now and watching your rmi pro do its thing as you zero in on the final product while looking for a good vps to run your programme. Keep up the good work I will be joining you very soon.
  • #1,554
  • Mar 3, 2020 2:14am Mar 3, 2020 2:14am
Quoting Cubbybgood
The RMI EA is now OFFICIALLY FREE! No longer is a donation required to download and use the RMI EA V7! I'm also introducing the NEW RMI EA ULTIMATE Version! This version of the RMI EA scalps the market EVERY day and can make 10-15% profit a month! For more information, go to BestFreeForexEA.com

Will RMI EAV7 continue as it is with the launch of your new stuff? Just curious? It's working well on DEMO so far would like to move to a real account. No crazy expectations, if can generate 5-6%/month with controlled drawdown that's good enough. Kindly advice
  • #1,555
  • Edited 3:02pm Mar 3, 2020 2:33pm | Edited 3:02pm
Quoting F.exchange
{quote} Im glad your moving things this way Ryan. I have spent the last 4 years being a boom and bust trader for the exact reasons you have pointed out. I have a solid trading plan that makes good profit but I have unrealistic expectations on being able to do this as a full time job and in times of draw down my emotions kick in and that's when the bust comes. Im sitting on the side lines for now and watching your rmi pro do its thing as you zero in on the final product while looking for a good vps to run your programme. Keep up the good work I will...
Yeah, this is the big struggle I think with most traders. The hardest thing to do is admitting the struggle though. Even after creating the video I did, many people are still in denial that trading like this is inevitably destructive. I have many system's and EA's that could make me 100-200% in one month but could also lose me that same amount. The problem is we don't know if the market will swing in our favor that week or month which means it's a complete gamble when it comes down to it.
  • #1,556
  • Mar 3, 2020 3:04pm Mar 3, 2020 3:04pm
Quoting fmg
{quote} Will RMI EAV7 continue as it is with the launch of your new stuff? Just curious? It's working well on DEMO so far would like to move to a real account. No crazy expectations, if can generate 5-6%/month with controlled drawdown that's good enough. Kindly advice
As of now, the RMI EA V7 will continue to be free. Eventually I may take it down but I'm not sure when that will be.
  • #1,557
  • Mar 4, 2020 12:44pm Mar 4, 2020 12:44pm
Thanks - I think you are doing good and you helped me a lot. Your EAs should not be free as they are good!

Quoting Cubbybgood
{quote} As of now, the RMI EA V7 will continue to be free. Eventually I may take it down but I'm not sure when that will be.
  • #1,558
  • Mar 5, 2020 8:29am Mar 5, 2020 8:29am
Quoting Cubbybgood
Week 1, FTMO Challenge Series! https://youtu.be/uaL5dJQfVw8
How is the challenge coming along? Going to do a video recapping for Week 4 (and what happened in between)?
  • #1,559
  • Mar 5, 2020 8:33am Mar 5, 2020 8:33am
Quoting apothekede
Thanks - I think you are doing good and you helped me a lot. Your EAs should not be free as they are good! {quote}
You're welcome!

Thanks for the message!

I want people to profit trading. I also want them to also get to know me as well and I think that giving out a good EA can help with that.

Maybe something someday will come from giving out this EA for free. Who knows...
  • #1,560
  • Mar 5, 2020 8:34am Mar 5, 2020 8:34am
Quoting Dogalot7
{quote} How is the challenge coming along? Going to do a video recapping for Week 4 (and what happened in between)?
I didn't exceed in the challenge. I did make a video about it. I just didn't post it here. It is on my youtube channel though. I pushed my trading too hard to hit that 10% profit int he first 30 days. I'm not sure if I'll do it again as I have other plans.
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