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100 x 80 EA oh boy

  • #461
  • Nov 28, 2008 9:44pm Nov 28, 2008 9:44pm
Quoting Fx-Seer
each pair has a diferent EA? Is that right? Did not know that... I have only seen 1 EA for all pairs.
Yes, it is the same EA being used to attach to each pair, so each pair is running on its own; the behaviour of one pair does not affect the other; the only thing being affected is the account margin - the more pairs one use, and depending on the lot size chosen, the more equity you will need
  • #462
  • Nov 30, 2008 1:39am Nov 30, 2008 1:39am
Oh ok... thats what I thought so...

Cheers
Fxseer
  • #463
  • Nov 30, 2008 8:41pm Nov 30, 2008 8:41pm
This is an update from my weekly results reported last week. I was mistaken before. I thought I had 22 pairs but it was actually 17. Excluded all Canadian crosses.

I'm running this 100x80 EA continously between Sunday and Friday and shut down over the weekends.

Started with $5000 demo account at IBFX on 11/19. Results as of 11/28.

Beginning Lot Size: .1
Multiplication Factor: 2
825 Pip SL

According to the Account Equity Analyzer, maximum drawdown for the week was: $-1213.44

Ending Balance for the week: $11400.79

Attached is my graph.
Attached Image (click to enlarge)
Click to Enlarge Name: 100x80-17Pairs-.10LotsClose.gif Size: 5 KB
  • #464
  • Nov 30, 2008 8:54pm Nov 30, 2008 8:54pm
Quoting newera
This is an update from my weekly results reported last week. I was mistaken before. I thought I had 22 pairs but it was actually 17. Excluded all Canadian crosses.

I'm running this 100x80 EA continously between Sunday and Friday and shut down over the weekends..
do you have to keep your comp on the whole time? electricity costs?
Grabbing the bull by the horns!
  • #465
  • Nov 30, 2008 9:09pm Nov 30, 2008 9:09pm
Quoting whitegoodman
do you have to keep your comp on the whole time? electricity costs?

Yes, the PC stays on 24/7. Not worried about electricity costs that will just be a cost of doing business. I want to push this EA to the limits and see what it can do. Then adjust accordingly with a real account. If we can manage the downsides, then I think we can make money with this EA. And like Bob does on his accounts, withdraw weekly amounts from the account to control risk. Get your initial deposit back asap. Then you are working with house money.
  • #466
  • Nov 30, 2008 9:37pm Nov 30, 2008 9:37pm
Quoting newera
Yes, the PC stays on 24/7. Not worried about electricity costs that will just be a cost of doing business. I want to push this EA to the limits and see what it can do. Then adjust accordingly with a real account. If we can manage the downsides, then I think we can make money with this EA. And like Bob does on his accounts, withdraw weekly amounts from the account to control risk. Get your initial deposit back asap. Then you are working with house money.
yeh thats what im gonna do, get your intial money out asap, gives you plenty of peace of mind. Im jsut curious how you keep the comp 'alive' if say for example theres a storm and you get a blackout or if you ever get a dreaded 'bluescreen of death'
Grabbing the bull by the horns!
  • #467
  • Nov 30, 2008 9:58pm Nov 30, 2008 9:58pm
Quoting whitegoodman
yeh thats what im gonna do, get your intial money out asap, gives you plenty of peace of mind. Im jsut curious how you keep the comp 'alive' if say for example theres a storm and you get a blackout or if you ever get a dreaded 'bluescreen of death'
I have battery backup but if you lose your internet connection the orders are placed with TP and stop loss so every time it hits a TP it will close the trade. However, since the EA is not operating the trades it will no longer reenter any more positions and it only closes the trades it hits the TP on. I had this happen one time and it made quite a bit of money for me because:

1. It did not hit any stop losses.
2. When it hits a TP it only closes that one trade not all of them like the EA does.
3. Every level hit the 100 TP so it was always making the maximum profit and on that day it did it both ways and on many pairs.
4. It was one of my better days.
  • #468
  • Nov 30, 2008 10:03pm Nov 30, 2008 10:03pm
Quoting nanningbob
I have battery backup but if you lose your internet connection the orders are placed with TP and stop loss so every time it hits a TP it will close the trade. However, since the EA is not operating the trades it will no longer reenter any more positions and it only closes the trades it hits the TP on. I had this happen one time and it made quite a bit of money for me because:

1. It did not hit any stop losses.
2. When it hits a TP it only closes that one trade not all of them like the EA does.
3. Every level hit the 100 TP so it was always...
i see, i was curious if it hit one TP if they would all close like the EA. Atleast with the SL and good risk managment we will know a worst case scenario.... whats it like for a battery power backup?
Grabbing the bull by the horns!
  • #469
  • Nov 30, 2008 10:25pm Nov 30, 2008 10:25pm
The other option is to get a dedicated server at a hosting company that provides access to the console through Remote Desktop Connection (or Terminal Services). Costs run from $75 per month and up depending on the specs of the machine. You don't need a lot of hard drive storage space, just a nice amount of RAM and a good processor. That will give you 99.999 % guaranteed uptime.
  • #470
  • Dec 1, 2008 1:56am Dec 1, 2008 1:56am
Quoting newera
That will give you 99.999 % guaranteed uptime.
It's just too bad that Windows can't promise that...
  • #471
  • Dec 1, 2008 6:42pm Dec 1, 2008 6:42pm
Have anyone experienced launching as per post #1 12 pairs (24 charts) and seeing metatrader freeze up? Any idea what is the reason? I have to kill the program, relaunch it many times before it finally works. I am using the latest build and the EA has been compiled with the latest build.
  • #472
  • Dec 1, 2008 7:06pm Dec 1, 2008 7:06pm
You need a newer and better computer is all. I finally found that out myself.
  • #473
  • Dec 1, 2008 8:26pm Dec 1, 2008 8:26pm
Ok, here's an update on trading 17 pairs with a starting lot of .1, 12 levels multiplyer of 2. Running continously from Sunday evening.

The GBP/JPN reached 9 levels which put it at 25.60 lots. The price continued down but because the multiplication factor was set at 2, that was more than 50 lots which IBFX has a limit at 50. So, when the 10th level trade could not be entered, seems that all the lots closed. The Stop Loss for the first trade was 138.15 and the price had not yet reached that point so, I don't that that's what triggered all the trades to close.

The GBP/CHF had reached 8 levels, so maybe it was a combination of both that caused a margin call.

Anyhow, we see what can happen with too much risk. After trading the GBP/JPN for over a year, you think you know how it's going to behave and you believe it's going to retrace at least 100 pips which would have put me in profit. Today was one of those days that it moved over 800 pips. Going to cut # of lots to .05 and limit to 8 levels deep and start over to see what happens.

Anybody else trying this many pairs on a 100x80 EA? What are your settings/results?
  • #474
  • Dec 1, 2008 11:25pm Dec 1, 2008 11:25pm
Quoting newera
Ok, here's an update on trading 17 pairs with a starting lot of .1, 12 levels multiplyer of 2....
Yes I have been testing the same thing and I have decided to drop the GBP pairs before I go live trading. They have death traded this system 3 times now in the last 6 weeks and I feel the risk is too great to use them. Other than that I found the 100/80 profitable. I am doing one more test without the GBP and if it successfull I will do 1-2000 anywhere from .02-.05 depending on how my final tests go. I may also tweak the numbers a little first.
  • #475
  • Dec 2, 2008 2:12am Dec 2, 2008 2:12am
Quoting ronaldosim
Have anyone experienced launching as per post #1 12 pairs (24 charts) and seeing metatrader freeze up? Any idea what is the reason? I have to kill the program, relaunch it many times before it finally works. I am using the latest build and the EA has been compiled with the latest build.

Yeah, that's pretty bad. I'm running MT4 in a virtual computer using VMWare on an iMac and I can easily run much more than that. Remember, a new computer is an investment!
  • #476
  • Dec 2, 2008 2:13am Dec 2, 2008 2:13am
Quoting FrostCall
Yeah, that's pretty bad. I'm running MT4 in a virtual computer using VMWare on an iMac and I can easily run much more than that. Remember, a new computer is an investment!
and tax deductible and gets depreciated
Grabbing the bull by the horns!
  • #477
  • Dec 2, 2008 2:44pm Dec 2, 2008 2:44pm
Have used the 100X80 for the past two weeks at .03 with minimal drawdown, even on days the market goes down 600 points, so going live using 8 of the safer pairs.
  • #478
  • Dec 2, 2008 2:53pm Dec 2, 2008 2:53pm
Quoting newera
Yes, the PC stays on 24/7. Not worried about electricity costs that will just be a cost of doing business. I want to push this EA to the limits and see what it can do. Then adjust accordingly with a real account. If we can manage the downsides, then I think we can make money with this EA. And like Bob does on his accounts, withdraw weekly amounts from the account to control risk. Get your initial deposit back asap. Then you are working with house money.

Why you dont buy some hosting ? ? ? I have and its best solution. 20 USD monthly and im not worried i blow up my Pc or have huge electricity bills.
Browsing forexfactory since 2006
  • #479
  • Dec 2, 2008 2:56pm Dec 2, 2008 2:56pm
Hi,

could someone point me to the safest pairs please,
I have used this on GBP/USD with some success (demo)
however I would like to try more pairs, maybe 5 ?

thanks,
Steve.
  • #480
  • Dec 2, 2008 2:56pm Dec 2, 2008 2:56pm
Which one do you use at $20.00 a month? Is it easy to set up?
Quoting rtx
Why you dont buy some hosting ? ? ? I have and its best solution. 20 USD monthly and im not worried i blow up my Pc or have huge electricity bills.
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