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Long Term Forex Growth Strategy

  • #81
  • Dec 16, 2008 5:26am Dec 16, 2008 5:26am
Quoting damonl
There really is a lot of drawdown with the system, however I have never hit the fail safe as you have twicem, which means that you were risking more per trade than you should.
Demo acct couldn't trade any lower pip value. It was at $.10 per pip (unit) on FxPro's 5 digit quote system and the EA shows 10,000 pip (unit) loss. On 4 digit quote this would be $1.00 per pip for $1,000 loss (same as $0.10 for 10,000 units). Since you trade only $0.01 per pip; take your largest $ DD and divide it by $0.01 to get your DD by pips. The losing trades are equavelent to you getting stopped out at $10.00 each time or a 1,000 pips. In order for you to hit the $1,000 failsafe you need to lose 100,000 pips at $0.01/pip. Just curious, what was your largest $ DD?
  • #82
  • Dec 16, 2008 6:41pm Dec 16, 2008 6:41pm
look,from monday to now,it had 133 open and pending orders,and ea profit si -$525.what's problem?
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  • #83
  • Dec 16, 2008 9:43pm Dec 16, 2008 9:43pm
Quoting haojzh
look,from monday to now,it had 133 open and pending orders,and ea profit si -$525.what's problem?
If it supposed to closed all orders at 200+ and, why don't you try to reduce it and make sure to check wether the rules are set and ready within the EA.

Just an opinion.

Cheers,
  • #84
  • Dec 16, 2008 10:54pm Dec 16, 2008 10:54pm
Quoting haojzh
look,from monday to now,it had 133 open and pending orders,and ea profit si -$525.what's problem?
gbpjpy is not moving much at the moment and so you are experiencing lots of open trades. We were just testing this so I hope that you were'nt live.

With that said, I think that the Slope Direction Line would be a better choice for this, but we need someone to program it into the EA before we can test it.

Hopefully soon some giving soul will come around.

Cheers....Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #85
  • Last Post: Dec 17, 2008 6:46pm Dec 17, 2008 6:46pm
Slope Direction Line EA ,we are waiting for you!!!
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