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Kang Gun Relative Strength trading - the EA's

  • #881
  • Oct 26, 2009 5:15pm Oct 26, 2009 5:15pm
hmm fxdd is 1 pip = 10cents and 1 pip = 1 dollar broker it depends on what you request when you open an account.

i have both the one that got blown is 1 pip = 10cents
so just to clerify if i have a 1 pip = 1 dollar broker and $3500 account
i should be setting 0.1 lot per $1000 ?
and if i have a $180 (lol as of now) 1 pip = 10 cents account i should be setting 0.01 per 100?

the demo which is working great is also fxdd but on the demo its 1pip =10cents
or it allows you to trade 0.01 lots as i am guessing that is what we are referring to and on my demo current 0.01 per $100 and its nearing $10,000
so it trades 0.93 lots as of now and started with 0.67 last week.
  • #882
  • Oct 26, 2009 5:24pm Oct 26, 2009 5:24pm
Quoting Ervichov
hmm fxdd is 1 pip = 10cents and 1 pip = 1 dollar broker it depends on what you request when you open an account.

i have both the one that got blown is 1 pip = 10cents
so just to clerify if i have a 1 pip = 1 dollar broker and $3500 account
i should be setting 0.1 lot per $1000 ?
and if i have a $180 (lol as of now) 1 pip = 10 cents account i should be setting 0.01 per 100?

the demo which is working great is also fxdd but on the demo its 1pip =10cents
or it allows you to trade 0.01 lots as i am guessing that is what we are referring to and...
Ervichov, take these robots off your live accounts now and trade demo for about 3 months. After this, you should begin to understand what is going on here.

I am sorry, and there are people who hate me for reiterating this, but these are not robots for dummies. If you try to trade them without knowing what you are doing, they will blow your accounts. Everything you post here shows how little you understand.

Everything you need to know is in the threads and user guides. Everything you need to understand comes from:

 

  1. Manually trading the systems, then
  2. Demo trading the robots.

Until you do this you will get killed by the markets. There is nothing I can do to help you. Good luck.

  • #883
  • Oct 26, 2009 5:26pm Oct 26, 2009 5:26pm
Quote

  1. Criminal allows nano-lots i.e. 1 cent per pip:

    1. 0.01 lots per $100.

  2. Criminal allows micro-lots i.e. 10 cents per pip:

    1. 0.01 lots per $1000.

ok and if Criminal allows mini-lots i.e 1 dollar per pip ?
0.01 lots per $10,000 ?
is that what i should be doing on my mini account lol my head is spinning
  • #884
  • Oct 26, 2009 5:28pm Oct 26, 2009 5:28pm
fair enough. i think the main thing which i cant wrap my head around is how the money management work with this system.
  • #885
  • Oct 26, 2009 5:54pm Oct 26, 2009 5:54pm
Quoting Ervichov
fair enough. i think the main thing which i cant wrap my head around is how the money management work with this system.
Well, you have it right now.

  • #886
  • Oct 26, 2009 6:22pm Oct 26, 2009 6:22pm
lol well i am just glad it did not blow my actual account so for now i am going to trade it on a macro and avoid mini

I love the robot and i honestly don't believe in demo testing anything any more, and i am ok with losses on my macro's since that is why i got them for real market tests of EA i am playing with. I swear this macro account gets wiped out every month or so and i bring it back eventually, then i know i learned something

Really appreciate quick responses and hey maybe its just me but i tend to learn better when there is real money at stake haha
  • #887
  • Oct 26, 2009 6:31pm Oct 26, 2009 6:31pm
Anybody considering an account with eglobal (Forex 4 u) need to read this thread at http://www.forexfactory.com/showthre...=1#post3177963
  • #888
  • Oct 26, 2009 6:36pm Oct 26, 2009 6:36pm
Quoting Ervichov
lol well i am just glad it did not blow my actual account so for now i am going to trade it on a macro and avoid mini

I love the robot and i honestly don't believe in demo testing anything any more, and i am ok with losses on my macro's since that is why i got them for real market tests of EA i am playing with. I swear this macro account gets wiped out every month or so and i bring it back eventually, then i know i learned something

Really appreciate quick responses and hey maybe its just me but i tend to learn better when there is real...
You and me both. Forgive me if I seemed condescending or brutal. Not everyone understands just how much they can lose here and I find it best to be blunt. My apologies if this was unnecessary in your case.

  • #889
  • Oct 26, 2009 6:38pm Oct 26, 2009 6:38pm
Quoting SteveHopwood
Anybody considering an account with eglobal (Forex 4 u) need to read this thread at http://www.forexfactory.com/showthre...=1#post3177963
Steve,
Did you get this spike? I trade this broker too, but luckily I did not have this pair trading in any basket. I find forex4you is quite good in that I do not get many requotes etc. I think I'll check this particular chart and see if it was for real.

Vinesh

p.s. just as I thought. i don't see this spike on g/a chart.
  • #890
  • Oct 26, 2009 6:48pm Oct 26, 2009 6:48pm
Quoting vinesh
Steve,
Did you get this spike? I trade this broker too, but luckily I did not have this pair trading in any basket. I find forex4you is quite good in that I do not get many requotes etc. I think I'll check this particular chart and see if it was for real.

Vinesh

p.s. just as I thought. i don't see this spike on g/a chart.
No, I didn't. Mine is a cent account.

I don't see the spike either. I hope this was nothing to do with not having a g/a/ trade open.

Please wade into the thread, guys. The only protection we have against the brokers is numbers. The thread originator has made eglobal aware of the tread contents.

  • #891
  • Oct 26, 2009 6:51pm Oct 26, 2009 6:51pm
Quoting SteveHopwood
No, I didn't. Mine is a cent account.

I don't see the spike either. I hope this was nothing to do with not having a g/a/ trade open.

Please wade into the thread, guys. The only protection we have against the brokers is numbers. The thread originator has made eglobal aware of the tread contents.

Mine is cent a/c too. Gives you a sense of trading BIG doesn't it?
  • #892
  • Oct 26, 2009 6:55pm Oct 26, 2009 6:55pm
Quoting vinesh
Mine is cent a/c too. Gives you a sense of trading BIG doesn't it?
Hehe. And how. Makes me feel like George Soros must feel.
  • #893
  • Edited 7:50pm Oct 26, 2009 6:59pm | Edited 7:50pm
ok so another question came to mind and its regarding Money Management lol
broker 1 pip = 10 cent capital 2,000 (macro account ) this is a demo too heh
since this robot can over trade the account for it to be on the safe side:

0.01 per $1,000 in this case "lot size sets to 0.02" HOWEVER is this on the safe side or can it be lowered while robot still calculates the lots?
if i was to lower it would i go to 0.01 per $2,000 since when i do it it changes to "lot size 0.01" which seems more conservative.
  • #894
  • Edited 10:13pm Oct 26, 2009 9:12pm | Edited 10:13pm
Does this EA auto detects brokers GMT offset? I am looking through configurations and it kinda hit me. If it does not, then I should adjust all the times to +3 with FXDD or what would be the correct way to adjust this?

Never mind i read back about 20 pages and discovered that you used PC local time and in your case it is GMT since you are in England and so I just changed my VPS time zone to match yours
  • #895
  • Oct 27, 2009 4:20am Oct 27, 2009 4:20am
Quoting Ervichov
Does this EA auto detects brokers GMT offset? I am looking through configurations and it kinda hit me. If it does not, then I should adjust all the times to +3 with FXDD or what would be the correct way to adjust this?

Never mind i read back about 20 pages and discovered that you used PC local time and in your case it is GMT since you are in England and so I just changed my VPS time zone to match yours
I always work with the computer's local time, so there is no offset/

  • #896
  • Oct 27, 2009 8:03pm Oct 27, 2009 8:03pm
Hi Steve,

Well done for your persistence and determination on the work you are doing here.

I have these 5 trades (AUDUSD, AUDCHF, AUDJPY, EURAUD, AUDCAD) manually open or opened by another EA. I also have your EA running on the same account

Does your EA take into consideration these open trades when deciding if there are sufficient pair to trade when either weak or strong AUD basket is triggered?
  • #897
  • Edited 8:30pm Oct 27, 2009 8:15pm | Edited 8:30pm
Quoting makemo8
Hi Steve,

Well done for your persistence and determination on the work you are doing here.

I have these 5 trades (AUDUSD, AUDCHF, AUDJPY, EURAUD, AUDCAD) manually open or opened by another EA. I also have your EA running on the same account

Does your EA take into consideration these open trades when deciding if there are sufficient pair to trade when either weak or strong AUD basket is triggered?
No.

  • #898
  • Edited 2:43am Oct 28, 2009 2:30am | Edited 2:43am
hmm i am learning that the best way to avoid margin call with my macro account ( which i just got back up to $203us ) is to control max baskets number and reduce the max trades allowed. Since my broker is a 10cents or 0.01 lots min. With $203 equity, DD can really do some damage with 4 baskets running wild. It looks like i may have to manually close some of the positions to keep the ball rolling till i get some equity to support the dd. Guess this robot works best with nano accounts or 0.001 lots min., at least when you are dealing with anything less then a $1,000.
I also reduced the strong TP to 80 and weak TP to 60 to help those 2 allowed baskets close off and reopen.
Well picking this up... slowly lol

I'v also set up a monitoring EA called "CloseAll-PL" (found on forex-tsd forum) and set it to close all my baskets when i hit +$5 in profit, this may be an over kill though but i am a bit paranoid atm
  • #899
  • Oct 28, 2009 2:36am Oct 28, 2009 2:36am
One question, I used the KG pairs script and found out most of my NZD pairs are not available on FXDD so I turned NZD trigger to False. Is that the correct thinking here?
And i set all the other ones to "False" according to the list, one by one.
  • #900
  • Oct 28, 2009 3:55am Oct 28, 2009 3:55am
In documentation I read that RobotCalulatesLotSize routine is based on Account balance. Now I have open several baskets with very big DD (probably caused by BasketReverseNotCancel - baskets are "bouncig", now I manage this trades manualy to have only "strong" or only "weak" trades in basket and it seems that this is right way from DD). EA should set lower lot size because account balance is for example 4000 but equity only 2000. Is it possible to change RobotCalulatesLotSize routine to calculate from equity? Or is it nonsense?
Pavel
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