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100 x 80 EA oh boy

  • #421
  • Nov 21, 2008 8:52am Nov 21, 2008 8:52am
Pairs I am testing are: USD/CHF, EUR/USD, CHF/JPY, USD/JPY, AUD/USD, EUR/CHF, NZD/USD, starting on 11-14. I've let them run continuously from Sunday evening at market open. I started at .01, and that was too slow, and went to .02, and .03 for the past two days. Have closed out all and profit is $358.00 for the week. The AUD/USD went to the 6th level before reversing. Largest drawdown was about $325.00. Looking forward to next week for additional tests on different pairs and different amounts.
  • #422
  • Edited 1:31pm Nov 21, 2008 9:33am | Edited 1:31pm
Just found this thread a few days ago. Great work Nanningbob in developing this strategy and sharing. I saw you post where you were testing 20 pairs with .1 lot each. Thought I'd try a similar approach. Here are my results.

IBFX demo
$5000 mini account with 400:1 leverage
22 pairs including GBP/JPN and EUR/AUS
.1 lot on each pair
Started 11/19/2008 and let it run continously. Will close before end of day Friday.
Max drawdown observered was about -$2500.00
Current balance as of this post: $8560.00
Current open trades: -$160.00
Net Equity: $8400.00

Not sure if I've just hit a lucky streak or if this will continue. I'm sure this might be considered too risky with too much drawdown. Appreciate hearing more about your results with this many pairs Nanningbob.

Thanks again to all for sharing.

Field

UPDATE:
Thanks for the feedback Paradoxical. The account started with $5000, so it was a 50% drawdown. Not sure I could take that in a real account.

I've closed all trades for the week. The EA ran continuously for 46 hours from Wedneday afternoon to Friday afternoon. Second chart below is after closing all trades.

Probably should reduce the risk. Maybe I'll cut lot size in half and start with .05. Beginning with .1 brings it to 51.2 lots on the 10th level. Not sure IBFX will even allow more than 50 lots per trade.

Really anxious to hear of Nanningbob's results. Will restart my test on Sunday evening.
Thanks,
Field
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100x80-22Pairs-.10Lots.gif Size: 5 KB
Click to Enlarge Name: 100x80-22Pairs-.10LotsClose.gif Size: 5 KB
  • #423
  • Nov 21, 2008 10:05am Nov 21, 2008 10:05am
Newera, with a $2,500.00 drawdown on a $4,000.00, I think that's far too much to consider on a live account. Maybe if the account were $20,000. to $40,000.00, it would be OK. Interesting to know, though, that you traded all of those pairs with the high spreads, and had only a $2,500.00 drawdown verus a gain of $3,600.00 for just one week. At a tenth of that, it would be a gain of $360.00 versus a drawdown of $250.00. I'd take that kind of risk to return any day.
Quoting newera
Just found this thread a few days ago. Great work Nanningbob in developing this strategy and sharing. I saw you post where you were testing 20 pairs with .1 lot each. Thought I'd try a similar approach. Here are my results.

IBFX demo
$5000 mini account with 400:1 leverage
22 pairs including GBP/JPN and EUR/AUS
.1 lot on each pair
Started 11/19/2008 and let it run continously. Will close before end of day Friday.
Max drawdown observered was about -$2500.00
Current balance as of this post: $8560.00
Current open trades: -$160.00
Net Equity: $8400.00...
  • #424
  • Nov 21, 2008 10:07am Nov 21, 2008 10:07am
Quoting whitegoodman
how and where do i tick that, sorry guys im a very eager learner, luckily i only ever need to be told once
Disable EA master switch, then trigger script CloseAll. Then you have two panels - Common and Inputs. In common, untick enable alerts, tick allow live trading. In Inputs, I also change Option from 0 to 1 (dunno really why, I always do that). Trades must start to close within 10 seconds.

There is a possibility, that process will stop in the middle before all trades are closed, probably cause one trade failed to close and that disabled whole process. In this case just start CloseAll again as described.
  • #425
  • Nov 21, 2008 1:11pm Nov 21, 2008 1:11pm
One of my audnzd live accounts for the week. Max equity drawdown was 205$.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 6 KB
  • #426
  • Nov 21, 2008 1:14pm Nov 21, 2008 1:14pm
Quoting Verto
One of my audnzd live accounts for the week. Max equity drawdown was 205$.

Can you post your settings on this?
  • #427
  • Edited 2:37pm Nov 21, 2008 1:15pm | Edited 2:37pm
Yup. I've posted it a few times but here it is anyway.

50x20
MM on
10% risk
10 levels.
250 stoploss

I use a few different risk % settings for my different accounts a 12, 10, 6, 2.

edit: forgot to add stoploss...
  • #428
  • Nov 21, 2008 1:37pm Nov 21, 2008 1:37pm
Quoting Verto
Yup. I've posted it a few times but here it is anyway.

50x20
MM on
10% risk
9 levels.

I use a few different risk % settings for my different accounts a 12, 10, 6, 2.
Have you tried Bob's latest settings on this pair? 50/15, mult. 1.4, 10 levels, SL 180, trading .05 I traded it thur. am to fri. am and ended up almost $100.
  • #429
  • Nov 21, 2008 1:38pm Nov 21, 2008 1:38pm
If you are not able to watch the charts all day long, how can you track the maximum drawdown of open trades?

It would be interesting to know when trading multiple pairs.
  • #430
  • Nov 21, 2008 2:15pm Nov 21, 2008 2:15pm
Quoting Toothman
Have you tried Bob's latest settings on this pair? 50/15, mult. 1.4, 10 levels, SL 180, trading .05 I traded it thur. am to fri. am and ended up almost $100.
I back tested and demoed it and didn't find it to my liking at all. I use the attached indicator on a 15 or 30 min chart to track the max drawdown.
Attached File(s)
File Type: mq4 AccountEquityAnalyzer.mq4   13 KB | 355 downloads
  • #431
  • Edited 2:54pm Nov 21, 2008 2:43pm | Edited 2:54pm
Quoting newera
If you are not able to watch the charts all day long, how can you track the maximum drawdown of open trades?

It would be interesting to know when trading multiple pairs.

Easy! Use MT4's built in publisher to auto-publish your trades and current stats to your website. I have mine updating every 5 minutes while live trading. It looks like this: http://www.frostcall.com/mt4

So, I can look at my trades no matter where I am as long as I have an internet connection. Granted, I can't really do much about them while away, but I can watch them.

STEALTH EDIT- You will need to go to your templates folder and rename StatementDetailed.htm to statement.htm (after making backup copies of them both of course). Then use your favorite text editor to remove your account and name info. Then set your ftp settings for your website and BAM, you're rocking and rolling. I may offer up some free MT4 ftp hosting for folks in the future, but I will have to locking some things down first so people don't get all crazy at my expense.
  • #432
  • Nov 21, 2008 4:35pm Nov 21, 2008 4:35pm
Does AccountEquityAnalyzer send an email if you have email notifications enabled? I noticed there was a setting for MinutesScreenshotShoot Interval.

I could publish like you recommend Frostcall, but that won't give me any historical data during the day if I cannot get to the Internet.

If it could fire an email every hour, then I'd have some historical data to track.

Thanks to both of you,
Field
  • #433
  • Nov 21, 2008 5:08pm Nov 21, 2008 5:08pm
Drawdown is my number ONE consideration using this system. How big of a drawdown there might be, and how often. As everyone is using different pairs, different settings and different lot sizes, I don't see a way to get a handle on it other than demoing it for quite awhile. My thought is to stay with the safer pairs and same settings of 100X80 and see what the results are at .01, 02, .03, etc. But, if you're gone from the computer, and the graph doesn't show the drawdown there was while you were gone, it's difficult to test.
Quoting newera
If you are not able to watch the charts all day long, how can you track the maximum drawdown of open trades?

It would be interesting to know when trading multiple pairs.
  • #434
  • Nov 21, 2008 6:06pm Nov 21, 2008 6:06pm
Quoting Verto
I back tested and demoed it and didn't find it to my liking at all. I use the attached indicator on a 15 or 30 min chart to track the max drawdown.
What didn't you like about the 50/15? Did you see more drawdown compared to the 50/20? I'm going to run both for the next month and decide which i like best.
How would you back test that EA. Run the buy then the sell and then add the two? I run the same indicator to watch my drawdown. I'm still searching for an indicator that tracks maximum margin used. Have you seen anything like that? Thanks
  • #435
  • Nov 21, 2008 6:54pm Nov 21, 2008 6:54pm
Quoting Toothman
What didn't you like about the 50/15? Did you see more drawdown compared to the 50/20? I'm going to run both for the next month and decide which i like best.
How would you back test that EA. Run the buy then the sell and then add the two? I run the same indicator to watch my drawdown. I'm still searching for an indicator that tracks maximum margin used. Have you seen anything like that? Thanks
backtest always seems to margin call or not be profitable with 50/15. I don't know why... I haven't done a ton of testing, but I have for 50/20 and I find it to be profitable for me so that is what I use.

I haven't seen any software like that, but I can tell you from experience a level 9 trade uses about 60$ in margin for me on 400:1 leverage.

Edit: I must add that I actually keep my 50/20 running all the time while, I believe, bob closes his EA during normal times so that always is a factor in the differences of setting choices.
  • #436
  • Nov 21, 2008 10:37pm Nov 21, 2008 10:37pm
Putting current DD, potential DD and margin in use in the EA is a neat idea. I'll work on it.
  • #437
  • Nov 21, 2008 10:56pm Nov 21, 2008 10:56pm
Quoting Verto
Yup. I've posted it a few times but here it is anyway.

50x20
MM on
10% risk
10 levels.
250 stoploss

I use a few different risk % settings for my different accounts a 12, 10, 6, 2.

edit: forgot to add stoploss...
Sorry to bother you again, what about lot size and multiplication?
"Put all your efforts in becoming effortless"
  • #438
  • Edited Nov 22, 2008 12:54am Nov 21, 2008 11:54pm | Edited Nov 22, 2008 12:54am
Quoting IamTHAT
Sorry to bother you again, what about lot size and multiplication?
1.2x as far as lot size goes I have it set to 0.20, but it shouldn't matter because with MM enabled as your balance grows so does the amount of traded lots.

That is the major difference between bob and I. He trades very small accounts with VERY high risk realtive to their size while I take on the more smooth equity curve approach taking out some money now and then, but mainly growing my account size.

Both ways have their merits and I'm actually thinking about breaking down my high risk account into two small accounts using fixed lots and those will be my income accounts while I try to grow the other two. Haha, sorry to drag your answer out with my ramblings.

edit: I've been thinking up more after every post lately...


I don't want anyone here to think that they can just use the same settings as bob, me or anyone else live and expect the same results as us. I hate to say it, but we have some experience with this system and know when to close down trades and when not to trade moreso than someone who hasn't demoed. I'm not discouraging anyone away from the system/ea I'm just trying to say that with your luck you will go live with our setting and take a big hit thus wanting to put the blame on us. In trading we hate to admit our own faults. I, for one, know from personal experience what it feels like to want to blame others, but you are only going to take your trading to the next level when you can look yourself in the mirror and realize the real reason your trade didn't work out.
  • #439
  • Nov 22, 2008 12:51am Nov 22, 2008 12:51am
Here are my results trading 20 pairs at .10 lots, thats 10 cents a trade with IBFX. Made over 1000 dollars.
Attached Image (click to enlarge)
Click to Enlarge Name: 100x80.gif Size: 5 KB
  • #440
  • Nov 22, 2008 2:41am Nov 22, 2008 2:41am
I agree with Verto. I talk with Bob a bit and I think we all agree that the system put forward here takes time to learn and master. However, I honestly feel that this system is the best one out there. Try not to get too confused about settings. Also, make sure you understand what your leverage is and what margin is. It's important to know what your lot sizes are and what they represent to you for each pip tick. Before you get too concerned with tweaking the system, learn the system and understand it (and the death trade). Once it all clicks and you 'get it', the tweaks make perfect sense.

ForEx is not a get rich quick scheme. Take the time and effort to really understand what's going on, and always remember:

Any profit is better than any loss.
Any small loss is better than any large loss.
Be happy with your wins and learn from your mistakes.
Be honest with yourself.
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