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Simple 3 order GBPUSD EA

  • #41
  • May 11, 2010 10:43am May 11, 2010 10:43am
Hi geoffb,

thank you, you are god

I voted 5 stars: Your vote on this thread has been added.
  • #42
  • May 11, 2010 10:49am May 11, 2010 10:49am
Quoting mirgi
Hi geoffb,

thank you, you are god

I voted 5 stars: Your vote on this thread has been added.
Oh thank you!
  • #43
  • May 11, 2010 10:56am May 11, 2010 10:56am
Quoting geoffb65
There is absolutely no point in that!

In fact I am wary of back tests as long as 1 year, the market changes so quickly, the best we can do is to closely monitor the performance in forward testing and adjust the settings as the market changes!
I'm on forward test! Lets take a ride...
  • #44
  • May 11, 2010 11:03am May 11, 2010 11:03am
Quoting Mr.Bosch
I'm on forward test! Lets take a ride...
It's the only way, onwards and upwards!
  • #45
  • May 11, 2010 11:09am May 11, 2010 11:09am
Hi geoffb,

will camvcvoo work currently with V7?

Thanks,
  • #46
  • May 11, 2010 11:12am May 11, 2010 11:12am
Quoting mirgi
Hi geoffb,

will camvcvoo work currently with V7?

Thanks,
Yes, just make sure that the magic number is different from v7!
  • #47
  • May 11, 2010 11:19am May 11, 2010 11:19am
Which of those 2 EA's are giving the best results? v7 or camvcvoo?
  • #48
  • May 11, 2010 11:24am May 11, 2010 11:24am
Quoting roachroach
Which of those 2 EA's are giving the best results? v7 or camvcvoo?
camvcvoo, but you need a pretty big account to trade it
  • #49
  • May 11, 2010 11:25am May 11, 2010 11:25am
Quoting roachroach
Which of those 2 EA's are giving the best results? v7 or camvcvoo?
V7 is one week old and camvcvoo is one day old!

In back testing camvcvoo is the most profitable but also the most risky!

V7 is excellent, so far!

Take your choice.
  • #50
  • May 11, 2010 12:26pm May 11, 2010 12:26pm
Are 0.1 lots for a 1000 dollars account good enough or should I try something lower? Since it's pretty risky I should maybe adapt the lotsize properly.
  • #51
  • May 11, 2010 12:35pm May 11, 2010 12:35pm
Quoting Emanuele
Are 0.1 lots for a 1000 dollars account good enough or should I try something lower? Since it's pretty risky I should maybe adapt the lotsize properly.
I am using 0.1 on a $1000 micro account but you are correct this way too risky!

However, my account is one that I use only for testing new EA's so it is not so important to me.

If this was an account that I was hoping to make good, I would be using 0.01 lots, the minimum for an Alpari micro account!

Then, I like watching paint dry!
  • #52
  • May 11, 2010 12:44pm May 11, 2010 12:44pm
Quoting geoffb65
I am using 0.1 on a $1000 micro account but you are correct this way too risky!

However, my account is one that I use only for testing new EA's so it is not so important to me.

If this was an account that I was hoping to make good, I would be using 0.01 lots, the minimum for an Alpari micro account!

Then, I like watching paint dry!
I'm going to stick with 0.06 lots for now. Thanks for your thoughts.
  • #53
  • May 11, 2010 12:46pm May 11, 2010 12:46pm
Quoting Emanuele
I'm going to stick with 0.06 lots for now. Thanks for your thoughts.
Nice compromise!
  • #54
  • May 11, 2010 12:50pm May 11, 2010 12:50pm
Quoting Emanuele
Are 0.1 lots for a 1000 dollars account good enough or should I try something lower? Since it's pretty risky I should maybe adapt the lotsize properly.
What I would do:
We know that a loss can be 420 pips. Convert in $ and this amount must not exceed 2 or 5% of capital, depending on the amount of risk you are willing to take.

Example: use 0,01 (micro) lots with 1400$ account an you'll be trading quite safely with 3% risk.
  • #55
  • Edited 2:14pm May 11, 2010 1:32pm | Edited 2:14pm
This EA looks to be profitable only from end of April 2009 onwards.
  • #56
  • May 11, 2010 1:49pm May 11, 2010 1:49pm
Hi Geoff
thanks for all your work
Is it possible in CAMVCVOO to reset the choice "hide targets" like in V7?
  • #57
  • May 11, 2010 2:54pm May 11, 2010 2:54pm
Quoting gir
Hi Geoff
thanks for all your work
Is it possible in CAMVCVOO to reset the choice "hide targets" like in V7?
No, I had to remove that option for now at least, it is rather dangerous in my opinion, I prefer to send the SL & TP data with the order especially with three orders to monitor!
  • #58
  • May 11, 2010 2:55pm May 11, 2010 2:55pm
Quoting Fun Demental
This EA looks to be profitable only from end of April 2009 onwards.
We're not using it before April 2009!
  • #59
  • May 11, 2010 2:56pm May 11, 2010 2:56pm
Quoting roachroach
What I would do:
We know that a loss can be 420 pips. Convert in $ and this amount must not exceed 2 or 5% of capital, depending on the amount of risk you are willing to take.

Example: use 0,01 (micro) lots with 1400$ account an you'll be trading quite safely with 3% risk.
That is exactly how the MM calculates the Lot size!
  • #60
  • May 11, 2010 3:27pm May 11, 2010 3:27pm
I'm keeping live v5b, v7 and added the 3 order EA on Alpari UK. Now, I hope only my account wont be blasted this night with all this kids playing together.

So far I had only one loser with v6, let's hope it will keep going well. Though, I realise this strategy may have an end somehow when the markets will change again.
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