I was just about to ask, cause I also have no trades on v6/v7
Well, better no trades than loss, anyways..
Do you trade on Demo or Real account?
{Promotion Removed}
- #2,222
- May 12, 2010 7:56am May 12, 2010 7:56am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #2,224
- May 12, 2010 9:08am May 12, 2010 9:08am
Alpari UK is GMT +2 !
It crashed in 3 years. Here is the the graph.
Now I am running again with 2000 deposit. lets see what happens.
- #2,225
- May 12, 2010 9:23am May 12, 2010 9:23am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Do you suggest any minimum balance ? I did a backtest (again) from 2001-01-01 to 2009-06-01 (9 years) with a capital of $1000.
It crashed in 3 years. Here is the the graph.
Now I am running again with 2000 deposit. lets see what happens.
What is your point?
- #2,226
- May 12, 2010 9:30am May 12, 2010 9:30am
But we didn't use it in 2001!
What is your point?
Do you think backtesting since 2001 does not make any sense ?
- #2,227
- May 12, 2010 9:32am May 12, 2010 9:32am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Sorry if that did not make sense to you. I was just backtesting it for a longer period of time - to measure how this EA would function in any period of time.
Do you think backtesting since 2001 does not make any sense ?
The market changes so quickly I am inclined to monitor forward testing and re-evaluate the settings on a monthly basis.
- #2,228
- May 12, 2010 9:40am May 12, 2010 9:40am
I am doubtful running back tests for 12 months!
The market changes so quickly I am inclined to monitor forward testing and re-evaluate the settings on a monthly basis.
I understand it.. backtesting is not a gurantee that it works in live trading.. or vice versa
But I think-- to some extent backtesting is required - even to consider for live testing. I do understand that lot of people in this thread are doing live everday.. which probabaly testfies the worth of this EA.
To be honest, I am concerned with one aspect of this EA - stoploss being at 140. It can wipe out 7 wins (partial - only one trade hit profit)..
Now I am also putting on this on FXDD (demo) account for .01 lot size.. from today onwards..
Let me get the personal experience of this..
- #2,230
- May 12, 2010 9:46am May 12, 2010 9:46am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Hi geoffb,
When I want trade only one trade in v7, it is possible?
Thanks,
- #2,231
- May 12, 2010 9:49am May 12, 2010 9:49am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Thank you for your quick response.
I understand it.. backtesting is not a gurantee that it works in live trading.. or vice versa
But I think-- to some extent backtesting is required - even to consider for live testing. I do understand that lot of people in this thread are doing live everday.. which probabaly testfies the worth of this EA.
To be honest, I am concerned with one aspect of this EA - stoploss being at 140. It can wipe out 7 wins (partial - only one trade hit profit)..
Now I am also putting on this on FXDD (demo) account for...
- #2,235
- May 12, 2010 9:57am May 12, 2010 9:57am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
just watching people got fool with EA
- #2,236
- May 12, 2010 9:58am May 12, 2010 9:58am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
v4 dosn't have SMA197, or yes?
- #2,237
- May 12, 2010 10:04am May 12, 2010 10:04am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Hi Geoff,
Thanks for the great work.
I am wondering what this 197 SMA rule came in? I have been reading the thread and am at page 64..yet still to come across it. It's hard to filter out all those questions that people have to actual worthy posts. Would you mind pointing me in the right direction of this 197 SMA rule? I manual trade so it would be great if you explained in that accordance.
I appreciate it.
Thanks.
We introduced the 197 SMA in an attempt to reduce the losses that we had when using just 10 SMA, it first came in with v7.
It reduces bad entries at the bottom of troughs and the top of peaks, because the 197 SMA is slower to turn round we end up with conflict with the 10 SMA and this stops us from placing an order.
Also, of course, we are now trading with the longer term trend.
- #2,239
- May 12, 2010 10:10am May 12, 2010 10:10am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Do you plane to do 1 trade in V7 in the future?
I don't know how many people are using v4 so I didn't want to change it and annoy people who like it as it is!