Is This My Holy Grail EA :D

I have been asleep for the last 6 hours. I have had the ea running for that time. Unbelievably, the 100/40 ea even handled tonight. My max floating draw down had been 11.49% up until now. That has now been increased to 24.8%. Still safe, but to high for my liking. All 8 currencies except the eur/chf retraced. I had a real nasty open death trade on that currency pair. I closed all trades for the week and only lost about $30 from my previous statement. I am really getting mad at the market. Does anyone know why this is happening??? I know here in the USA we have a sub prime mortgage problem but what about Europe, Asia and Australia? I recently funded my IBFX account with $2,000 but I am not going to start trading in these dangerous conditions. I am just going to keep the demo going until (if ever) it gets back to normal. Here is the current graph with all trades closed for the week...

Honestly, there is no 'normal'. Almost every week, you will see something that has you scratching your head. The current US market crisis is being felt with greater force around the world. Great Britain is having serious issues as well as most other countries. In the US, we tend to not show international news so we usually don't know this.

I feel your pain with the real account blues. Just take it slow, use fewer pairs (try using the big ones) and stick to the system.

Just some thoughts on how I manage:

I trade 15 pairs in the basket with 0.01lot (1:400 mini) = 1 cent/pip!.
I divide the day up in 3 sessions; asian, euro, us

at the start of each session, i close all pairs with 3 levels deep OR when i have half of the basket at 2 levels

seems to work fine and i'm surviving crazy moves.

this is after i've had 2 death trades. Almost wiped my account..so slowly recovering and learning!

On average i make about $30-$50. The trick is as these guys point out is to trade more accounts.

I dont know how this thing keeps surviving but it has. My 100/40 results for the week. I do not recommend trading these markets at this time however.

i'll never let EA decide when to enter those trade, better off done manually.

Thats nice. I posted my results, lets see yours. You want to talk lets see your talk.

Is there some location for a synopsis of this intriguing trading strategy? I'm not new to forex, but I am finding it difficult to grasp what is going on.

Any help is greatly appreciated.

Bob in Wisconsin

I am glad to see your doing well with your live account. The fact that it is surviving these markets is showing with a little intervention this system is bulletproof. I do not have the guts to run it live in these markets but I am growing ever more fond of the system because of this fact.

With all due respect,

I have tried trading manually using fundamental and/or technical analysis. In my experience, neither was successful long term. This is the only ea that I have ever seen double an account. Please do not leave negative comments when you do not know what this system is about.

return in week 1 is ~62%.
results only with GU at this moment.
Deposit USD80 (8000).
Balance USD130 (13000).

Let's see how results with multicurrencies next week.

yea..i know what you mean, sorry.

where to download this EA? my result available at my signature

I see your journal results, your trades all done manually??in martingale system too..impressive so far but I just dont like idea to stick in front of computers.

my trade is done using EA, but its too risky. thats why im looking for any programmer help me tweak certain things first

perhaps I can try

I have been studying some of my losing trades and I have added a filter to the 100/40. I found out that some trades enter because price will peak above/below the 1 Day trend line and then reverse. To filter out his peak and prevent being on the wrong side of a strong trend. I have added a 1H filter that will keep you out of the quick peek above the 1 Day line. Here is a pic of what I have done. The yellow line must be below the blue line on the 1H chart and price must be below the 2 MA on the 1 day chart for there to be a sell. The opposite for the buy. The 1H is a 1 median crossing a 7 MA shift 1 set on open. I think this will help filter out some of the back lash we have been experiencing on some trades. I wondered why I got a buy trade on the EUR/CHF Friday and it was because of a quick peek over the 1 Day MA line. This will stop that peek.

The white arrow points to where price peeked over the 2 MA at he very beginning of the day. The 1H will filter this out but if price had continued going north the yellow would cross up on the 1H chart and enter the buy. I hope this helps some.

very nice nanningbob. Essentially you are folloing both daily and intraday trend.

this should be a good help in the filter ill try and test it this week
thanks

Back in Feb. you supplied us with a spread sheet on 7yr. currency facts. It lists how many times a pair moved more than so many pips in a day. I don't know how you got a hold of this information. Do you know whether there's any information out there that would allow you to see how far a pair has ever moved in one direction before it made a 100 pip retracement? I'm interested mainly in the EUR/USD. Since June I'm pretty sure it hasn't moved more than 500 pips without a 100 pip retracement but I'd like to go back several years. Thanks for any help.

I guess in a worst case situation you might need a 139 pip retracement with the 100/40 depending on where your last trade was.