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Simplicity is the Key

  • #3,081
  • May 9, 2008 4:23am May 9, 2008 4:23am
Is it allowed to post some suggestions for the EA here? I have some that I think are realy interesting.
  • #3,082
  • May 9, 2008 4:32am May 9, 2008 4:32am
Quoting WillemM
Is it allowed to post some suggestions for the EA here? I have some that I think are realy interesting.
Go ahead. Let us hear it.
  • #3,083
  • May 9, 2008 5:26am May 9, 2008 5:26am
Quoting trader101
Go ahead. Let us hear it.

Ok, here we go.

Several options:

  1. an equity trail on weekly base, fixed %, if reached all positions can be closed but with some extra possibilities: if reached in the beginning of the week, it can be profitible to let the EA continue its run but with a trailing (normal trailing, not equity) of let s say 100 150 or whatever.
  2. Close all trades on a fixed profit , let us say 500 or 600 pips. After that there are some possibilities: close the EA until next week, trail it as above or
  3. When the profit is reached in the beginning of the week, let us say on wednesday before us session starts, all trades can be closed but it can be a good thing to let the ea run and start trailing (or not), but never let the ea getting to eat the profit already made.

I hope this contribution is usefull.

  • #3,084
  • May 9, 2008 5:37am May 9, 2008 5:37am
All positive in all fronts now, I am about to close all my trade just waitign for perfect exit for maximum profit
  • #3,085
  • May 9, 2008 5:40am May 9, 2008 5:40am
Quoting trader101
All positive in all fronts now, I am about to close all my trade just waitign for perfect exit for maximum profit
You don't wait until US-market closes?

Antomi
  • #3,086
  • May 9, 2008 5:42am May 9, 2008 5:42am
Quoting antomi
You don't wait until US-market closes?

Antomi
I normally closes around this time, it just me. Others can close maybe 12:00 Non or US close. I have explain this trading style somewhere.
  • #3,087
  • May 9, 2008 5:47am May 9, 2008 5:47am
close both Delight in IBFx and North Finance.. Ultimate still open
  • #3,088
  • May 9, 2008 5:55am May 9, 2008 5:55am
Im am close with the Ultimate as well .. Report to follow
I know i made the goal with the Delight but not with the Ultimate. It was more of a currency selection that affect the overall profit. Later in the day i will make a list of 14 currencies that should be traded with this EAs to satisfy the hedging property. I have to prepare the report. Later guys...
  • #3,089
  • May 9, 2008 6:40am May 9, 2008 6:40am
NF Delight 418 pips $400.72 13.36% increase to $3000 initial deposit
IB Delight 561 pips $532.32 17.75%
NFUltimate 90 pips $155.59 5.18%
IB Ultimate 189 pips $212.84 7.1%

My Results for the week was under expectation except the Delight at IBFx the Ultimate with NF is not good. This is because of currency selection. Also, as we all experience how difficult the market (choppy) this week for us. I encounter a drawdown of $900, this is so far the highest i have encountered but we still survive and both EAs pick us up and recover. The drawdown this week will give a lesson to increase our balance or work for a higher leverage with your broker. However, we still know that the EA can bring us up even under a 900 pips holes. AS MPP says to break even this week is good enough. This trade started at the market open Sunday, and completed around 7:00 am NY Friday. I know FXDD Delight is good as well, i think they are 700 pips up right now.
Attached File(s)
File Type: xls test5-09-08.xls   204 KB | 298 downloads
  • #3,090
  • May 9, 2008 6:45am May 9, 2008 6:45am
Quoting WillemM
Ok, here we go.

Several options:

  1. an equity trail on weekly base, fixed %, if reached all positions can be closed but with some extra possibilities: if reached in the beginning of the week, it can be profitible to let the EA continue its run but with a trailing (normal trailing, not equity) of let s say 100 150 or whatever.
  2. Close all trades on a fixed profit , let us say 500 or 600 pips. After that there are some possibilities: close the EA until next week, trail it as above or
  3. When the profit is reached in the beginning of the week, let us say on wednesday before us session starts, all trades can be closed but it can be a good thing to let the ea run and start trailing (or not), but never let the ea getting to eat the profit already made.

I hope this contribution is usefull.

Thanks for your suggestions, i will study the possibilities of incorporating this suggestions and if i found this to increase our profit, definitely i will incorporate this in the EA.
  • #3,091
  • Edited 5:13pm May 9, 2008 7:00am | Edited 5:13pm
Curencies to trade:

1) USDJPY - EURJPY - EURUSD - GBPUSD - EURGBP - EURCHF - GBPCHF -
GBPJPY - CHFJPY - USDCHF - AUDUSD - AUDJPY - NZDJPY - NZDUSD
or

2) Same as Above except the last two
CADJPY - USDCAD

The currency pairs above form a full circle and if you notice the currencies cancel each other out. Meaning they are hedging each other. Not real hedging, because real hedge you will have to introduce a constant before the Cpair, that constant can be calculate based on the current price.
  • #3,092
  • May 9, 2008 7:10am May 9, 2008 7:10am
Quoting trader101
Curencies to trade:

1) USDJPY - EURJPY - EURUSD - GBPUSD - EURGBP - EURCHF - GBPCHF -
GBPJPY - CHFJPY - USDCHF - AUDUSD - AUDJPY - NZDJPY - NZDUSD
or

2) Same as Above except the last two
CADJPY - USDCAD

The currency pairs above form a full circle and if you notice the currencies cancel each other out. Meaning they are hedging each other. Not real hedging, because real hedge you will have to introduce a constrant before the Cpair, that constant can be calculate based on the current price.
t101 u dont have cadjpy, wat u have is chfjpy.
  • #3,093
  • May 9, 2008 7:12am May 9, 2008 7:12am
Quoting goodness
t101 u dont have cadjpy, wat u have is chfjpy.

ok, i gotcha. didnt get u at 1st
  • #3,094
  • May 9, 2008 7:13am May 9, 2008 7:13am
Quoting goodness
t101 u dont have cadjpy, wat u have is chfjpy.
Those are two options
options 1 -- 14 currency pairs
options 2 also 14 currency pairs.. the 13th pair is CadJpy, the 14th pair is UsdCad
Good for FXDD traders.
  • #3,095
  • May 9, 2008 7:16am May 9, 2008 7:16am
Sorry the report on FXDD is not Delight but Ultimate and they are +700 pips right now.
  • #3,096
  • May 9, 2008 7:21am May 9, 2008 7:21am
FXDD Demo with Trader's Delight EA

Pairs Traded

GBPUSD, GBPJPY, USDJPY, AUDJPY, EURJPY, EURUSD, USDCHF, USDCAD, EURCAD, EURGBP, CADJPY, AUDUSD, and NZDUSD for a total of 13 CCY Pairs.

Initial Deposit on May 2, 2008: $2500
Ending Balance on May 9, 2008: $3024.68
1 Week Profit: $524.68
Total Pips: +576

You can check out http://fx.intarnets.com/ for the MT4 report.

I started the EA at Sunday 5:30pm ET but my MT4 crashed twice during the middle of the week that required me to restart and I also had to reconfigure my network settings on Wednesday night. This is in addition to the bad start at the beginning of the week due to holidays in Japan and Great Britain on Monday. The EA came through as we had all hoped for.

Next week I will try to run FXDD + Trader's Delight EA and IBFX mini + Ultimate Trader EA as these are the two accounts I plan to go live on once we are ready for prime time.
  • #3,097
  • May 9, 2008 7:50am May 9, 2008 7:50am
Quoting calculon
FXDD Demo with Trader's Delight EA

Pairs Traded

GBPUSD, GBPJPY, USDJPY, AUDJPY, EURJPY, EURUSD, USDCHF, USDCAD, EURCAD, EURGBP, CADJPY, AUDUSD, and NZDUSD for a total of 13 CCY Pairs.

Initial Deposit on May 2, 2008: $2500
Ending Balance on May 9, 2008: $3024.68
1 Week Profit: $524.68
Total Pips: +576

You can check out http://fx.intarnets.com/ for the MT4 report.

I started the EA at Sunday 5:30pm ET but my MT4 crashed twice during the middle of the week that required me to restart and I also had to reconfigure my network settings on Wednesday night. This is in addition to the bad start at the beginning of the week due to holidays in Japan and Great Britain on Monday. The EA came through as we had all hoped for.

Next week I will try to run FXDD + Trader's Delight EA and IBFX mini + Ultimate Trader EA as these are the two accounts I plan to go live on once we are ready for prime time.
Wow good results..huh Bro. Yes we have to go live on this oneeeeeeeeee. We have seen the worst i think. DD of -900 pips. Maybe i allocate 2000 for DD and 700 for margin. $4000.00 good to start at a broker with 1:200 leverage. What say you???
  • #3,098
  • May 9, 2008 7:54am May 9, 2008 7:54am
Nice. Delight on FXDD made a great comeback for 1000 pips this week. Took my account balance from $5000 to $6000.
Life is too short to have anything but delusional notions about yourself.
  • #3,099
  • May 9, 2008 7:59am May 9, 2008 7:59am
Quoting hoss
Nice. Delight on FXDD made a great comeback for 1000 pips this week. Took my account balance from $5000 to $6000.
This is the highest i think..Somebody still beat this?? Delight is the beast unleashed..
  • #3,100
  • May 9, 2008 8:02am May 9, 2008 8:02am
Quoting trader101
This is the highest i think..Somebody still beat this??
I opened this last Friday afternoon and closed about 20 minutes ago on FXDD. Does anybody know a quick way to close all open trades at once on MT4? I lost about 30 pips trying to close them all individually.
Life is too short to have anything but delusional notions about yourself.
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