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Attachments: Basket 14 EA System
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Basket 14 EA System

  • #541
  • Sep 22, 2010 4:48am Sep 22, 2010 4:48am
Quoting paulbt38
Frazer

I got caught by this trade last Friday, however it reversed again yesterday. I have since had another 5 trims and finally the equity is moving in the right direction and quite strongly too. At one point I was approx 20% off my equity target and am now about 6% off it. I am using basket 14_02 with ET of 2.

Paul
Ditto, I think I'm getting close to manually closing everything out. If I can walk away with my original starting capital I will be happy.
  • #542
  • Sep 22, 2010 8:52am Sep 22, 2010 8:52am
Quoting skoda2008
Ditto, I think I'm getting close to manually closing everything out. If I can walk away with my original starting capital I will be happy.
Skoda

Hope you didn't close out as last fridays leg has hit a close all this afternoon. Very happy with EA so far and think that having watched the last few days closely (and cursed the bad trade last friday) this has given me some real faith as it still did what it says on the tin.

Paul
  • #543
  • Sep 22, 2010 9:46am Sep 22, 2010 9:46am
Using Confirm14_03 Installed 9/7/10

Update - As per my last update I was in a drawdown and waiting for my next bingo - Here are the new numbers.

Max floating drawdown 17.30%
Last Flat equity - $56550.00
Equity Profit Target - $57115.00

You do the math - What an exceptional EA - Thanks again Meta & Fraze
Juiceman
  • #544
  • Sep 22, 2010 10:06am Sep 22, 2010 10:06am
Using Confirm14_03 Installed 9/7/10

Update - As per my last update I was in a drawdown and waiting for my next bingo - Here are the new numbers.

Max floating drawdown 17.30%
Last Flat equity - $56550.00
Equity Profit Target - $57115.00

You do the math - What an exceptional EA - Thanks again Meta & Fraze
Juiceman[/quote]
  • #545
  • Sep 22, 2010 10:07am Sep 22, 2010 10:07am
Juiceman I notice you have been successful with confirm14_03 EA so far. Coudl you please provide me your settings and the max draw down experienced so far.

Would appreciate yoru help.
Thanks
  • #546
  • Sep 22, 2010 10:08am Sep 22, 2010 10:08am
Does it affect the EA if I close my demo account or I need to keep it on and running. What I mean is if demo is close would EA also get closed or will continue working for me.
  • #547
  • Sep 22, 2010 10:10am Sep 22, 2010 10:10am
Quoting forexripper
Does it affect the EA if I close my demo account or I need to keep it on and running. What I mean is if demo is close would EA also get closed or will continue working for me.
Ripper

You need to keep the MT4 platform open with the EA on the chart, otherwise it will not be able to trim, reverse or close all.

Paul
  • #548
  • Sep 22, 2010 10:14am Sep 22, 2010 10:14am
Thanks Paul
  • #549
  • Sep 22, 2010 10:15am Sep 22, 2010 10:15am
Rip - I am the using the default settings for the 200:1 and had a max floating drawdown of 17.30 percent - what an EA - it is just un-believable

Juiceman
  • #550
  • Sep 22, 2010 10:35am Sep 22, 2010 10:35am
Skoda ....your EA sounds good.
Here are the results from yesterday.
You can see as I said previously an ugly fall due to news.
And today the EA has regained its losses....awesome !
If MC or you could introduce an equity protection to avoid that, it would be well...
Attached File(s)
File Type: zip Statement.zip   13 KB | 244 downloads
  • #551
  • Sep 22, 2010 10:36am Sep 22, 2010 10:36am
Are u on live or demo?
My settings are:

UserTradingAllowed = true;
StopAfterNoTrades = false;
UseSmallestLot = false;

MaxMarginToUse = 1.0; // Maximum percent of margin to commit to trades.
Lots = 0.1;
ProfitPct = 1.0;

Do I need to change anything? My demo is of $2000 with lots opening 0.1 each. Leverage is 500:1. Do I need to change the MaxMarginToUse? Thanks for your help
  • #552
  • Sep 22, 2010 10:41am Sep 22, 2010 10:41am
Ripper - Here is what posted on 9/6/10 - These are my settings on a DEMO account with a starting capital of 50K


Meta: I have installed Confirm14_03 yesterday, No trades yet and I understand that it may take some time for some trades to take place but I want to make sure I have the proper settings: So here they are

Bailout = False
Slippage = 3
MiniSize = 10000
StdSize = 100000
MaxTrades = 14
Sunday = 0
Monday = 1
Tuesday =2
Wednesday = 3
Thurdsay = 4
Friday = 5
Saturday = 6
UserTradingAllowed = True
StopAfterNoTrades = False
UseSmallestLot = False
MaxMarginToUse = 2.0
Lots = 0.1
ProfitPct = 1.0
MaxMiniProfit = 1000.0
MaxStd = 10000.0
Magic Number is there as well

I have it set up on ForexMeta demo account $50,000 in account @ 100:1 margin - Please let me know if these settings are correct, I also went to market watch and selected show all - Thanks Juiceman

http://cdn.forexfactory.com/images/buttons/quote.gif

  • #553
  • Sep 22, 2010 10:43am Sep 22, 2010 10:43am
Rip Man: My previous post of 200:1 is wrong - I am at 100:1 sorry about that
Juiceman
  • #554
  • Sep 22, 2010 10:48am Sep 22, 2010 10:48am
Juiceman your MaxMarginToUse = 2.0

Since I have leverage of 500:1 I should change it to 0.4. Right?

Frazerd, I belive is also on 500:1 and would agree with me.
  • #555
  • Sep 22, 2010 11:06am Sep 22, 2010 11:06am
Another closure for a good gain.

http://autoforex.biz/bobthoughts/Basket14_Add_02.htm
Open to new approaches.
  • #556
  • Sep 22, 2010 11:16am Sep 22, 2010 11:16am
Quoting forexripper
Juiceman your MaxMarginToUse = 2.0

Since I have leverage of 500:1 I should change it to 0.4. Right?

Frazerd, I belive is also on 500:1 and would agree with me.
Yes, at 500:1 leverage I believe 0.4 is the highest you should set Max Margin.

Just for information, I changed all my 500:1 demos to 0.4 a couple of days ago when you and I discussed it. It is working fine, but I don't think it's making any difference in results. What happens is both winners and losers are twice the size as before, so it takes just as long to reach the Equity Profit Target. That is my initial assessment. Seems to me that unless we raise the ProfitPct to 2, we are just increasing our risk with no increase in reward. Not good.
Frazer
  • #557
  • Sep 22, 2010 11:39am Sep 22, 2010 11:39am
Frazerd

I have been thinking of changing the profit target to 1.25 being 3 times my maxmarging. Would that make sense in terms of risk and reward? To be honest I do not fully understand what the maxmargin's effects are.
  • #558
  • Sep 22, 2010 12:04pm Sep 22, 2010 12:04pm
Quoting forexripper
Frazerd

I have been thinking of changing the profit target to 1.25 being 3 times my maxmarging. Would that make sense in terms of risk and reward? To be honest I do not fully understand what the maxmargin's effects are.
MaxMarginToUse is the percent of your account value that will be used to open new trades. If we double MaxMargin it doubles the lot size we are trading. Therefore we should expect to double the profit by cutting in half the time it takes to reach the Profit Target. But I don't think that is the case with these EAs because both the winners and losers are double, so it takes just as long to reach the Profit Target.
Frazer
  • #559
  • Sep 22, 2010 12:07pm Sep 22, 2010 12:07pm
Should I leave maxmargin at 0.4 and profit at 1.25 or change something here. Thankx
  • #560
  • Sep 22, 2010 12:25pm Sep 22, 2010 12:25pm
Yesterday it had a 1.2% equity pop.
Today, that has been given back plus 8.5% more.
Floating equity is +4%.
7 trades are open.
The EA is flashing that it is trying to open new trades, but they're not opening.

In summary:
Initial balance: 10,000
Yesterday's balance: 10,122
Today's balance: 9,140
Float: Around +440
EA can't open trades ATM (Stuck @ 7)
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