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100 x 80 EA oh boy

  • #241
  • Nov 14, 2008 8:44am Nov 14, 2008 8:44am
To everyone posting returns & graphs, it is nice to see your returns however, without specifics of what EA you are using and your settings used and pairs traded the info is of no real value.
Sharing details of your setup will help in the development process.
  • #242
  • Nov 14, 2008 10:46am Nov 14, 2008 10:46am
I agree, Tommy. Everyone trading different pairs. Some trading 10, some trading 8, some trading 6, and some trading .01, and some trading .02. Would be helpful to know. Speaking of which, how do I make that graph everyone posts?
Quoting tommyd
To everyone posting returns & graphs, it is nice to see your returns however, without specifics of what EA you are using and your settings used and pairs traded the info is of no real value.
Sharing details of your setup will help in the development process.
  • #243
  • Nov 14, 2008 10:55am Nov 14, 2008 10:55am
Nannigbob, how much would an account lose trading in .01 if things went very bad? Would it be $500.00? $1,000.00 or ?
Reason I ask is that there's an EA that one can use to close all trades at a certain account loss.
If I wanted to go live with a two or four thousand dollar account, what would be the worst that could happen? Could I protect against the worst case scenario with a EA that would close out at X dollars loss?
Since the worst rarely happens, and in normal times the EA would make 2-5% a week, if I knew what the worst was in dollars, I could protect my account.
By the way, 2-5% of what? Of an account size of $300.00, $500.00, $3,000.00?
I hope my questions make sense.
VERY impressed with your system and EA
  • #244
  • Nov 14, 2008 12:04pm Nov 14, 2008 12:04pm
Quoting paradoxical
Speaking of which, how do I make that graph everyone posts?
That graph is produced from the MT4 Terminal function.
Open the "Account History" tab along the bottom and then Right Click anywhere in the history page.

Choose "Custom Period" in the menu that pops up then choose "Today"

There should then only be trades from today displayed.

Right click that page & choose "Detailed Report".
save to your desktop or wherever you choose.

I have tried to post the whole report but it doesn't format correctly to attach to the forum for some reason.
  • #245
  • Nov 14, 2008 1:21pm Nov 14, 2008 1:21pm
Quoting whitegoodman
i think thats way too much lot size to account size even if its 'safe' pairs
Well I assumed as there wasn't very much movement in the said pairs increasing the lot size might boost returns.

I think you're correct.

So far I've concluded in order to survive its best to trade small lots of 0.01 to 0.02 with a carefully selected pairs and start with adequate capital, atleast 2000usd.

Lots of people are posting equity curves but its very important to also mention the max unrealized aka floating drawdown they experienced as this may suddenly use up all of your equity as losses mount.

It also maybe a good idea to manually close trades which are losing a significant amount of money rather than hope and wait for the currency to revert to the mean.

Well these are just my thoughts.
  • #246
  • Nov 14, 2008 1:57pm Nov 14, 2008 1:57pm
Quoting fugly
[...]
Lots of people are posting equity curves but its very important to also mention the max unrealized aka floating drawdown they experienced as this may suddenly use up all of your equity as losses mount.

It also maybe a good idea to manually close trades which are losing a significant amount of money rather than hope and wait for the currency to revert to the mean.
That is probarly the single, most important thing anyone can learn with this system/ea. I use to just hope and pray things would turn around... sometimes they would, sometimes.... not so much. Every since I started just taking the hit on my account I've been able to make it all back within the same day 90% of the time.
  • #247
  • Nov 14, 2008 2:27pm Nov 14, 2008 2:27pm
Quoting Verto
That is probarly the single, most important thing anyone can learn with this system/ea. I use to just hope and pray things would turn around... sometimes they would, sometimes.... not so much. Every since I started just taking the hit on my account I've been able to make it all back within the same day 90% of the time.

Yes, excellent understanding of the system.
  • #248
  • Nov 14, 2008 3:36pm Nov 14, 2008 3:36pm
ok so what pairs are everyone using?? i was using the original ea with the original profile. are yall just using 10 pairs now and version .02 w/ .01 lots???

if just 10 pairs what pairs did yall delete? what ea are yall using?
  • #249
  • Nov 14, 2008 4:08pm Nov 14, 2008 4:08pm
I started trading 20 pairs on Wed. and changed to .10 lots. I am not using the Eur/Aud that pair is too volatile for this EA but the others have stayed in range. The results have been quite wild. Trying to see how much I can push this EA. Someone asked earlier if we hit the stop loss how much would it be. I estimated it would be in the 5-600 range. The truth is I stop them out before I get there. I only put that in for emergencies. Even though I have had some trades push the EA near its limit, no currency has stopped it out yet. I am going to continue doing the 20 pair thing and try to find out what it would take to wipe out the account. What scenario would happen to do that.

The drop at the end was my closing on Friday night. The account was not in trouble but I dont hold trades over the weekend.

Before I switched to the 20 pairs you can see the very slow rise from trading the 8 recommended pairs earlier. I am going to try trading .02 on 300 dollars and see what happens. Can you trade this system with a small amount of money. We will see.
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  • #250
  • Nov 14, 2008 4:37pm Nov 14, 2008 4:37pm
Bob,

Would it be possible to add a global TP & SL to the EA on a percentage basis that we could enable and disable? The idea behind this is that we can control or risk up front.

Thanks,
PC
  • #251
  • Nov 14, 2008 5:07pm Nov 14, 2008 5:07pm
Quoting Pip Chaser
Bob,

Would it be possible to add a global TP & SL to the EA on a percentage basis that we could enable and disable? The idea behind this is that we can control or risk up front.

Thanks,
PC
You can go inside the program and change it to whatever you want.
  • #252
  • Nov 14, 2008 5:20pm Nov 14, 2008 5:20pm
hmmm bit of a side question here....

say i turn on the exert advisor to keep it going all day does my computer and mt4 have to be on all day? (or does it keep going until i finally turn the expert advisor off and close out all trades)


and say im running the 2 accounts will the EA's keep working in the account im not logged into?

mt4 novice as you can see....


btw Bob what were the 20pairs you were running?
Grabbing the bull by the horns!
  • #253
  • Nov 14, 2008 5:20pm Nov 14, 2008 5:20pm
thanks for your quick response and for starting this thread. its has been doing good for me this past week using the original from post #1

so you are using 20 pairs sounds great!!

if it isn't too much to ask..... what are the 20. sorry and thanks!!
  • #254
  • Nov 14, 2008 5:22pm Nov 14, 2008 5:22pm
Quoting whitegoodman
hmmm bit of a side question here....

say i turn on the exert advisor to keep it going all day does my computer and mt4 have to be on all day? (or does it keep going until i finally turn the expert advisor off and close out all trades)


and say im running the 2 accounts will the EA's keep working in the account im not logged into?

mt4 novice as you can see....


btw Bob what were the 20pairs you were running?
u must leave computer and mt4 on while ea is running if not on then ea is NOT working!!!!

as far as 2 accounts go. I have 3 seperate platforms running all the time with 3 different ea's. that way there is no possible interference. try that

that way you can be logged into as many accounts as you want all at the same time.
  • #255
  • Nov 14, 2008 5:32pm Nov 14, 2008 5:32pm
Quoting jtmoore007
u must leave computer and mt4 on while ea is running if not on then ea is NOT working!!!!

as far as 2 accounts go. I have 3 seperate platforms running all the time with 3 different ea's. that way there is no possible interference. try that

that way you can be logged into as many accounts as you want all at the same time.
hmmm thats a little dissapointing cos id want to turn it on when i wake up in the morning, then monitor it at work with my laptop, problem is to and from work it wont be on..... unless i can leave my home computer on all day (no problem) and monitor it at work with my laptop???


how do you get 3 ibfx platforms?
Grabbing the bull by the horns!
  • #256
  • Nov 14, 2008 5:50pm Nov 14, 2008 5:50pm
Quoting whitegoodman
hmmm thats a little dissapointing cos id want to turn it on when i wake up in the morning, then monitor it at work with my laptop, problem is to and from work it wont be on..... unless i can leave my home computer on all day (no problem) and monitor it at work with my laptop???


how do you get 3 ibfx platforms?
Well... You could always install MT4 on both your laptop and your regular computer. Leave MT4 with the ea running on your desktop then whenever u wanna check on it u can login to your account from your laptop with mt4.

More than one user can login to a mt4 account.


You can create more than one ibfx platform fairly easily... you just install it to a different directory. Like Interbankfx4... interbankfx3... etc. It gives you the option of installing it to different directories like any other installation of an application. You could always just Copy the Interbank folder and then just rename it. You just go in and create a shortcut from the terminal.exe and you are good to go.


Hope you are able to figure it out white.
  • #257
  • Nov 14, 2008 6:03pm Nov 14, 2008 6:03pm
Quoting Verto
Well... You could always install MT4 on both your laptop and your regular computer. Leave MT4 with the ea running on your desktop then whenever u wanna check on it u can login to your account from your laptop with mt4.

More than one user can login to a mt4 account.


[i]You can create more than one ibfx platform fairly easily... you just install it to a different directory. Like Interbankfx4... interbankfx3... etc. It gives you the option of installing it to different directories like any other installation of an application....
perfectly explained and problem 100% solved, you sir are a gem
Grabbing the bull by the horns!
  • #258
  • Nov 14, 2008 6:12pm Nov 14, 2008 6:12pm
Quoting whitegoodman
hmmm thats a little dissapointing cos id want to turn it on when i wake up in the morning, then monitor it at work with my laptop, problem is to and from work it wont be on..... unless i can leave my home computer on all day (no problem) and monitor it at work with my laptop???


how do you get 3 ibfx platforms?

You can use a remote host that runs VMware that way you dont have to be logged in or you can use logmein and log in from work to mointor your trades but in this case you'll have to keep your home computer running.
  • #259
  • Nov 14, 2008 6:22pm Nov 14, 2008 6:22pm
Quoting fugly
You can use a remote host that runs VMware that way you dont have to be logged in or you can use logmein and log in from work to mointor your trades but in this case you'll have to keep your home computer running.
that sounds confusing, so the ea keeps running even tho the home comp isnt on?

ill jsut keep my home comp on i think.... just hope there isnt a black-out..

thanks for the help

ill take this to pm, dont wanna get off topic, back onto 100 x 80 EA discussion
Grabbing the bull by the horns!
  • #260
  • Nov 14, 2008 6:25pm Nov 14, 2008 6:25pm
Quoting whitegoodman
that sounds confusing, so the ea keeps running even tho the home comp isnt on?

ill jsut keep my home comp on i think.... just hope there isnt a black-out..

thanks for the help
You basically pay a company that runs your software on their server 24/7 and you can login to the server like as if it were a website. They are more reliable, but everywhere I would trust to run an EA on a server charges monthly.
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