I've made more "money" today with Flyer! than I did newstrading!!
Early results quite promising:
3 trades since Monday, 3 winners for 117 pips. Obviously 3 winning trades provides insufficient evidence to conclude anything but Flyer! caught yesterday's downturn for 42 pips and the overnight uptick in cable for 74 pips (long at 1.9491; liquidated at 1.9565). Last two trades were manually closed. See attached.
Marci, I know you're awaiting your hi-speed connection. When you get a chance please advise as to whether manual closures adversely impact the EA. Perhaps I simply imagined you said something to that effect.
Thanks.
I don't know how it will effect your long term performance, though. But if you're always closing at a profit manually, of course your profit will have to exceed the occasional S/L. But you know that...
Marci
- #269
- Nov 30, 2006 10:14am Nov 30, 2006 10:14am
In testing version 2, in order to keep the profits, one needs to exit manually. I had some large gains, but only to see it become small, and some pairs lose using FIXED LOT of 1 with USE TS = 1.
As for taking profits, I don't know what you're aiming for on profits each trade, but the EA is designed to take advantage of huge moves and profit from them. If you jump out early, you could potentially miss larger profits. For example, in looking at cable today, with it going long around 1.9495 or so, it would still be in the trade as of now where the price is at 1.9660. That would be a 170 pip gain. This is one of the reason the EA is profitable over the long term, because it can catch 100,200,or even 300 pip moves. Just because 1 trade drops back down after jumping up 30 pips or so or even 50 then comes back down to 10 or 15 doesn't constitute reason for the EA to jump out unless its heading for negative territory. It will simply wait until the next swing back up. If it never happens, it will generally get out before too long, because the MA's will signal the change. Sure, it doesn't always take maximum profit. I'm sure we all don't do that, either in our personal trading. It's a tradeoff. However, I stick with the EA and its decision points because with the testing, it shows profitability over long term. That's my primary goal here. Of course, you are welcome to exit manually, if you feel comfortable with it. Afterall, it's an "advisor".
GirlFlyer
- #279
- Dec 1, 2006 7:16am Dec 1, 2006 7:16am
- | Joined May 2006 | Status: Trader | 1,043 Posts
allow live trading
Last thing I need to see is a white sandy beach, blue water and blue skies!! Winter storms already shut down Chicago's airport (12 inches of snow) and it's headed this way.
Temptingly great idea, trading from the beach!!
