Money Talks

I have worked on my Deep Insight EA for nearly 2 years. I plan to risk between 5 and 10 thousand dollars of real money on this EA.

The money management will be the same that I posted in the "My Money Management (advanced)" thread, with some modifications. Specifically, I will grossly reduce my stakes when my initial risk capital is being eaten into. If I have house money to play with, I will be betting aggressively.

Backtests over the past 8 years have been phenomenal.

This is armchair speculation. It is 100% mechanical with no human intervention. It is a heavily curve fit system, created with 8 years of M1 data from Alpari.

My broker will be ATC Brokers.

I intend to post weekly screenshots of the trades that occured in the previous week, along with % gains. The equity curve should be extremely volatile.... 100% drawdown is possible.

I will either go bankrupt or make a mint.

Wish you luck tidon I hope it withstands the current financial turmoil.

Good luck tdion, hope it goes your way.

the very best of luck tdion

If there is anyone I expect to be honest about their trading its you Tdion. Im defo going to keep checking in here to see how you do.

Good LUCK, lol

Leon

PS. Fingers crossed that market conditions are 2004esque for you.

Wow...Looking forward for ur trade updates..

Sonic

Should be an interesting ride Tom

Kind Regards
Steve

I've been getting my ducks in a row.... several grand will ride on this EA.

Here is the backtest 01-08.... 16,500 pips. I plan to overleverage the heck out of this.... it will make several thousand percent, or go bust.

I will use the "My Money Management (advanced)" MM with a 750 pip threshold.

Expect me to start posting live trade calls soon.

The EA trades 4 strategies.... one based on monthly candles, on based on hourly, on based on 5 minute, and a fancy one based on dailys.

Will be watching this one with interest Tom. Good luck.

If anyone is interested, this is the EA's backtest in 2008 with the money management.

Note the volatility..... it is not for the faint of heart..... but it is a 7000% return in 11 months.....

To anyone skeptical about the results.... there were no losing years....

There were two 4000% return years, and a 2000% return year.

-sigh-

It is 4:30AM here and I will be getting up for my normal job in a couple of hours. I have spent all weekend rewriting code to make it recalibrate in case of server reboots. SMS messaging for errors. Variable status on the console. Realtime variable changing.

The grand monetary risk on this system has escalated, adding new stress but excitement too.

This is a journal and I am a human being, believe it or not. As blatant and steadfast as I am in my FF commentary, even I get tired and burned out.

So, let this post be a reminder one year from now where I stood tonight. Working through the night with practically no sleep, attempting to launch my spaceship to the moon.

And having no idea where it will go....

You mentioned that your strategy is heavily curve fitted and you have shown a backtest using the current model. I assume that you are using data from 2008 and earlier to create your model.

Have you considered constructing your curve fitted model using data only from 2007 and earlier and then testing that model on 2008 data.

You could of course repeat this for other years going back (e.g. using only data from 2006 and earlier and then testing that model on 2007 and 2008 data)

I actually built this EA with data from 2001-2007.

2008 was a forward test with incredible results...... but when the banks collapsed, my strategies fell apart with the resulting volatility. I have corrected this problem with an ATR filter to prevent trading during high volatility.

The EA is a spinoff from the one I posted here:

http://www.forexfactory.com/showthread.php?t=22302

If you look at my latest post in the "My money management (advanced)" thread you'll see that I have curbed the risk back substantially with regard to risk capital. These and a few other minor tweaks (like using Global Variables) have consumed my time lately as I set this thing up live.

Here we are, 7 weeks into 2009. I have screen captures of all trades taken... grand total for 2009, 330 pips after spreads.

Now that might not seem like much, but it is pretty good for a mechanical system.

It is a combination of 8 strategies, controlled by the ATR(48) indicator at the bottom. 3 different timeframes are used, all on EURUSD.

This is to all the naysayers that say EAs can't be profitable long term. There are losing weeks (like week 7) and we accept that. I may or may not continue posting these trades, but they give some insight into my trading style.

Oh and to naysayers saying that this is "only a demo account" - that is what I developed this system on - but I use Terranin's trade copier to port signals into an ECN... So there, A-holes! Just kidding.

800+ pips in 2009. (in the chart, every pip is worth a dollar)

Let's get something straight. This is all based on LUCK. I could easily have lost every single trade. In fact, there were 7 losses in a row this week.

As I saw on the back of a yacht one time, "Can't Complain!"

So your amazing Intellect has nothing to do with it, not even a little tiny bit? Lol

Hope things carry on going well for you.

Leon

The market does all the work, for better or worse!

At this point I am a spectator.