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100 x 80 EA oh boy

  • #381
  • Nov 20, 2008 12:01pm Nov 20, 2008 12:01pm
Hi All,

I have been studying & running the original 100*80 EA since end Oct.

My original demo account has grown from $2000 (29 Oct) to $3942 (now) starting with 0.01 as trade size. It includes a few big ones, like $399-50 (level = 5.12) today on USDCAD. Yes, I know Bob said to drop this one, but I have not done that just yet. Note - this account has been run "continuously" from starting around 6h00 GMT on a Monday until some time on a Friday. As for DD, this was around -$1300 somewhere in the first week or two, and the worst I saw today was around -$800!! Current DD = -$78!!

I started 3 more demo accounts with the same settings, but at different start times this week. Results thus far are -
Acc 1 - started on Sundaye eve - now at $2462 and DD = -$42!!
Acc 2 - Started Mon at +-03h00 GMT - now at $2398 and DD = -$70
Acc 3 - Started Mon at +- 08h00 GMT - now at $2147 and DD = -$58 - note for some reason on this account only the Buy EA is triggering!!!

If anyone is interested, I'd gladly make the detailed trade history available as far as I have saved it, especially for the demo account running since 29 Oct.

Regards
Suzette
  • #382
  • Nov 20, 2008 12:14pm Nov 20, 2008 12:14pm
Hi, it would be helpful to know the pairs that you're using in each demo account. I am using some pretty safe pairs in both demo accounts, and had a huge drawdown in the .05 account using only 6 pairs.
Quoting esters
Hi All,

I have been studying & running the original 100*80 EA since end Oct.

My original demo account has grown from $2000 (29 Oct) to $3942 (now) starting with 0.01 as trade size. It includes a few big ones, like $399-50 (level = 5.12) today on USDCAD. Yes, I know Bob said to drop this one, but I have not done that just yet. Note - this account has been run "continuously" from starting around 6h00 GMT on a Monday until some time on a Friday. As for DD, this was around -$1300 somewhere in the first week or two, and the worst I saw today was...
  • #383
  • Nov 20, 2008 12:28pm Nov 20, 2008 12:28pm
Quoting urbanFX
OK, just to make 100% sure, let's take an example here. If I close a USD trade for the 100 pip profit it's worth 10 bucks. Are you telling me that 100 pip profit for you at 0.01 on IBFX is only $1?
That IBFX account is a "Mini" Account.

If it were a "Standard" IBFX account it would be $10.
(trading 0.01 lots on an IBFX Standard account is .10 (ten cents) a pip

The same 0.01 lots on a "Mini" account is .01 (1 cent ) a pip.

You must be using a "standard" Lot size account at 0.01 or you are trading 0.10 on a mini.:nerd:
  • #384
  • Nov 20, 2008 12:48pm Nov 20, 2008 12:48pm
Quoting paradoxical
Hi, it would be helpful to know the pairs that you're using in each demo account. I am using some pretty safe pairs in both demo accounts, and had a huge drawdown in the .05 account using only 6 pairs.
Hi there,

I'm still using the original 12 pairs / 0.01 starting position on IBFX mini demo accounts -
AUDJPY & AUDUSD
CHFJPY
EURCHF & EURJPY & EURUSD
GBPUSD
NZDCHF & NZDJPY
USDCAD & USDCHF & USDJPY

As I was not constantly watching the accounts today, I only know the rough DDs indicated in my previous post.

Suzette
  • #385
  • Nov 20, 2008 12:54pm Nov 20, 2008 12:54pm
Quoting acosta2269
Well..I've been waiting for a retrace since yesterday and it hasn't happened yet. My floating loss is now $1,710, but worse than that my free margin is down to $7 from a balance of $4,241. It may have even gone into negative margin while I was sleeping. Is there a way to check?

The GBP/USD, AUD/USD, AUD/CHF seems to be ones causing the most trouble. The S&R (attached) seems to above the S1 line. I think it might be time to sell everything and cut our losses, before I get a margin call?

Bob, can you please explain how I could have avoided this...
I'm thinking my problem may have been caused by the way I set up my IBFX account to only use 1:100 leverage instead of 1:200. Any thoughts?
  • #386
  • Nov 20, 2008 1:16pm Nov 20, 2008 1:16pm
Quoting acosta2269
I'm thinking my problem may have been caused by the way I set up my IBFX account to only use 1:100 leverage instead of 1:200. Any thoughts?
You are right, higher the leverage better it can handle the large DD.
IBfx offers 1:400 leverage for mini account.
  • #387
  • Nov 20, 2008 1:29pm Nov 20, 2008 1:29pm
I have let the 100X80 run from 2100 est Sunday until now. Today I have a balance of 2107 from a starting balance of 1000. The most drawdown has been from today -1134.00 66.30%. I used the following pairs usdchf, eurusd,usdjpy,chfjpy and audusd. I must say closing out everyday would seem to be better than just letting it run on it's own.


Quoting esters
Hi there,

I'm still using the original 12 pairs / 0.01 starting position on IBFX mini demo accounts -
AUDJPY & AUDUSD
CHFJPY
EURCHF & EURJPY & EURUSD
GBPUSD
NZDCHF & NZDJPY
USDCAD & USDCHF & USDJPY

As I was not constantly watching the accounts today, I only know the rough DDs indicated in my previous post.

Suzette
  • #388
  • Nov 20, 2008 1:32pm Nov 20, 2008 1:32pm
Quoting desi
You are right, higher the leverage better it can handle the large DD.
IBfx offers 1:400 leverage for mini account.
I also don't have the "m" suffix on my charts. Should the charts have an "m"?
  • #389
  • Nov 20, 2008 1:35pm Nov 20, 2008 1:35pm
Quoting acosta2269
I also don't have the "m" suffix on my charts. Should the charts have an "m"?
... your on a standard account you need to switch over to a mini one.
  • #390
  • Nov 20, 2008 1:51pm Nov 20, 2008 1:51pm
Quoting paradoxical
Frostcall, I'm confused as to what the numbers on the sprteadsheet mean. Under the last column, the MAX column, where you show floating loss of -1628.80, I assume that's in dollars? Is that what the drawdown would be for buying and selling just one pair? Would it be twice that for each pair added? I'm demoing at .05 using the 100X80 on 6 pairs, and have a drawdown of $5,000.00 with only two pairs going to the fourth level. Based on this, I guess it's possible to have a drawdown of $1,628.80 and a stop loss of $3,674.80 just going .01 on just one...

Assuming you have a stoploss set at 1000 (so the very first lot purchased will close at negative 1000 pips), yes, IF one pip move at .01 = $0.01 like it does with the EURUSDm on IBFX.

Most currency pairs are not like that, so on most, 0.01 lots at 1 pip do not = $0.01
Some, like the EURJPYm are MUCH larger. Most are pretty close to the $0.01 figure on IBFX micro anyway. Perhaps in a future version of the settings finder, I will have it adjust to the currency pair but for now, think of it not as $0.01 but as 1 pip movement at 1 lot. So, if you were to multiply 0.01 lots by 100 pips, you get the equivalent of 1 pip movement on 1 lot (whatever that may be for your broker and currency pair). Obviously, 100 pip movements for the EURUSD is quite different than 100 pip movements for the EURJPY.

See attached picture and sort the numbers to see what I mean.
on the eurusdm, if you subtract 1.2498 (purchased price) from 1.2523 (current price), you get .25 which fits perfectly with -$0.25. the EURUSD is a 1:1 using the Settings Finder.

But if you look at another, like the EURCADm, subtract 1.6122 (purchase) from 1.6067 (current) you get 0.0055. Since the loss is currently at -$0.43, that means it's obviously not a 1:1.

=======
On a different note, if you have $500 in your account, real or demo, then it's probably not a great idea to run the 100x80 on 6 pairs. Your account is not big enough. Nanningbob is testing and perfecting some settings on certain pairs that will work better at smaller coverages, hence being better suited for smaller accounts like many people use.
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  • #391
  • Nov 20, 2008 1:56pm Nov 20, 2008 1:56pm
THIS is what I like to see, up and down, up and down. That's pure money right there.
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  • #392
  • Nov 20, 2008 2:56pm Nov 20, 2008 2:56pm
Quoting acosta2269
I also don't have the "m" suffix on my charts. Should the charts have an "m"?
I think IBfx mini account should have suffix 'm'. If you don't have that means you probably have a standard account.
  • #393
  • Nov 20, 2008 3:52pm Nov 20, 2008 3:52pm
Quoting tommyd
whitegoodman,
try this one . Put it in your Scripts file. It seems to work on these ea's.

just drag it or doubleclick it to the chart.
thankyou
Grabbing the bull by the horns!
  • #394
  • Nov 20, 2008 4:20pm Nov 20, 2008 4:20pm
Quoting FrostCall
On a different note, if you have $500 in your account, real or demo, then it's probably not a great idea to run the 100x80 on 6 pairs. Your account is not big enough. Nanningbob is testing and perfecting some settings on certain pairs that will work better at smaller coverages, hence being better suited for smaller accounts like many people use.

im currently running 3 demos on ibfx with starting balance of $3000 and im using 0.01 on a standard or 0.1 on a mini for lot size. Running on 8,10 and 12 currencies for each demo... max drawdown has been like 11% for all demos.
Am i just lucky? is the lot size a bit risky? might be something to do with the fact im not trading during the US session.
Grabbing the bull by the horns!
  • #395
  • Nov 20, 2008 5:06pm Nov 20, 2008 5:06pm
Quoting acosta2269
Well..I've been waiting for a retrace since yesterday and it hasn't happened yet. My floating loss is now $1,710, but worse than that my free margin is down to $7 from a balance of $4,241. It may have even gone into negative margin while I was sleeping. Is there a way to check?

The GBP/USD, AUD/USD, AUD/CHF seems to be ones causing the most trouble. The S&R (attached) seems to above the S1 line. I think it might be time to sell everything and cut our losses, before I get a margin call?

Bob, can you please explain how I could have avoided this...
I am not sure what you are referring to here. The gbp/usd trade only moved 175 points during the day. Well withing the EAs range. If you came from yesterdays action there were plenty of retracements??
The aud/usd shows 111 for the day and 256 the day before. The Aud/Chf and 124 and 225. All easily within the range of the EA and all have retracements for taking profit or getting out with a small loss. You are using the .02 which means lots by the way not pennies. If you are using a micro account with IBFX your figures dont make any sense. If you are using a regular or mini and .02 = .20 cents then you are way overplaying the market with only a 4000 dollar account.

Again guys, you got to know what your are trading, is your account a penny account or a dime account ???????????????
  • #396
  • Nov 20, 2008 5:09pm Nov 20, 2008 5:09pm
Quoting whitegoodman
im currently running 3 demos on ibfx with starting balance of $3000 and im using 0.01 on a standard or 0.1 on a mini for lot size. Running on 8,10 and 12 currencies for each demo... max drawdown has been like 11% for all demos.
Am i just lucky? is the lot size a bit risky? might be something to do with the fact im not trading during the US session.
NO if your account is a penny account you are fine. If you are playing dimes which you indicate then that depends on how many currencies and which ones you are running. When you are .01 on a standard account and .10 on a mini I think you are trading the same amount. Again what are you trading dimes or pennies? It makes all the difference in the world !!!!!!!!!!!!
  • #397
  • Nov 20, 2008 5:12pm Nov 20, 2008 5:12pm
The US session has been very bad the past few days. With the bailout talk, and now the failure of the auto bailout today, I think that's made for market extremes. My drawdown on an account I am using .03 as the starting amnount has only seen a $300.00 drawdown. In this kind of market, that's very good as far as I'm concerned. On my other demo account where I set it at .05, I just discovered that was not a mini account, and it got blown up. Looking forward to nanningbobs report next week on his testing.
Quoting whitegoodman
im currently running 3 demos on ibfx with starting balance of $3000 and im using 0.01 on a standard or 0.1 on a mini for lot size. Running on 8,10 and 12 currencies for each demo... max drawdown has been like 11% for all demos.
Am i just lucky? is the lot size a bit risky? might be something to do with the fact im not trading during the US session.
  • #398
  • Nov 20, 2008 6:26pm Nov 20, 2008 6:26pm
Quoting nanningbob
I am not sure what you are referring to here. The gbp/usd trade only moved 175 points during the day. Well withing the EAs range. If you came from yesterdays action there were plenty of retracements??
The aud/usd shows 111 for the day and 256 the day before. The Aud/Chf and 124 and 225. All easily within the range of the EA and all have retracements for taking profit or getting out with a small loss. You are using the .02 which means lots by the way not pennies. If you are using a micro account with IBFX your figures dont make any sense. If you...
I opened a new account from scratch using $3,000 and 1:200 leverage.
Opening 28 trades (14 pairs) with .02 lots used up only $14 of margin. Does that sound right? In my previous account with 1:100 leverage it would use up close to $300 for the same pairs.
  • #399
  • Nov 20, 2008 6:59pm Nov 20, 2008 6:59pm
Quoting nanningbob
NO if your account is a penny account you are fine. If you are playing dimes which you indicate then that depends on how many currencies and which ones you are running. When you are .01 on a standard account and .10 on a mini I think you are trading the same amount. Again what are you trading dimes or pennies? It makes all the difference in the world !!!!!!!!!!!!
yeh they are the same, im using dimes... too risky? ill post my results tonight when US market closes...
Grabbing the bull by the horns!
  • #400
  • Nov 20, 2008 7:05pm Nov 20, 2008 7:05pm
Quoting whitegoodman
yeh they are the same, im using dimes... too risky? ill post my results tonight when US market closes...
Very risky... you go from .01-.02 to .10? That is 5x the amount of risk and margin.
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