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Chamunda's MultiCurrency Strategy

  • #221
  • Oct 15, 2010 2:47pm Oct 15, 2010 2:47pm
It is observed that when you start EA for the first time… It takes comparatively less time to hit take profit target and also first drawdown is very limited.

So the idea come out is to PUT FIRST TRADES EVERY TIME… ie putting new trades after fixed time intervals. This will give manual trading effect to this strategy. So I have updated original EA and first post accordingly. Please check first post very carefully.

We will test this strategy in upcoming week.

Right now happy weekend to everyone….

Best regards..
  • #222
  • Oct 15, 2010 3:02pm Oct 15, 2010 3:02pm
Quoting Pluto2
Hi Sky,

I agree with you. Vikasone is also concerned about the recovery time.
I just had the original EA run for a few days to see what will happen.

Started October 07 with $5,000, 0.1 lot ($1.00), TP $25
Solution is simple , - Average Down. When trades are highly correlated

it's only matter of time, when profit going to be hit, so let's say

after some DD you have to add another set of trades in same direction,

and you going to get profit 2 times faster and not $5 but set Profit

to 10$-$30 or more this time.. I'm not talking about original Pairs as to

me they are doesn't look correlated at all (or at least there should be 2 buy/2 sell) .. It's not going to get long

before account will hit absolute 0$, using 1st page of pair setups. IMHO.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #223
  • Oct 15, 2010 5:53pm Oct 15, 2010 5:53pm
Thanks Vikasone,

I now understand the "New and improved" EA.
I will test it next week.
  • #224
  • Oct 15, 2010 6:05pm Oct 15, 2010 6:05pm
Hello Sky,

I think that Vikasone's suggestion for a new thread is a great idea.
It would be great if you started your thread with the pairs/method you feel are the best. That way people will not get confused.

You have some brilliant ideas that we should explore.
I am sure others will be interested in your ideas also.


Cheers
  • #225
  • Oct 15, 2010 8:40pm Oct 15, 2010 8:40pm
Quoting SkyzerFX
Solution is simple , - Average Down. When trades are highly correlated

it's only matter of time, when profit going to be hit, so let's say

after some DD you have to add another set of trades in same direction,

and you going to get profit 2 times faster and not $5 but set Profit

to 10$-$30 or more this time.. I'm not talking about original Pairs as to

me they are doesn't look correlated at all (or at least there should be 2 buy/2 sell) .. It's not going to get long

before account will hit absolute 0$, using 1st page of pair setups. IMHO....
in my view, averaging down is dangerous, you could blow up yr account doubly faster.

the corelation factor never stays the same, it keeps changing, it may not come back to your entry level for ever or until yr account is blown. you need to accept the loss and get out.
  • #226
  • Oct 18, 2010 1:31am Oct 18, 2010 1:31am
Good morning...

Anybody testing new ea...
Getting good results.... booked $35..
and most important.. drawdown is well in control... Just $15.

Just keep checking first post for more updates......

Regards...
  • #227
  • Oct 18, 2010 8:23am Oct 18, 2010 8:23am
Hello Vikasone,

Yes, I have the new EA running - started yesterday.
$5,000 account, 0.1 lot ($1.00) TP 30
I am trading 4h TF.

As of now closed profit $30.
Floating negative $25

What TF and TP are you running?

Cheers
  • #228
  • Oct 18, 2010 9:13am Oct 18, 2010 9:13am
Quoting Pluto2
Hello Vikasone,

Yes, I have the new EA running - started yesterday.
$5,000 account, 0.1 lot ($1.00) TP 30
I am trading 4h TF.

As of now closed profit $30.
Floating negative $25

What TF and TP are you running?

Cheers
Check out first post.... see we have introduce timedelay in new ea...
so no need to wait for 4h. and also minimize TP target to $5

u can try 15M for 5$.. Just check out...
  • #229
  • Oct 18, 2010 9:25am Oct 18, 2010 9:25am
will demo run it tomorrow..... hope the result is good and DD is under control.... cheers...
  • #230
  • Oct 18, 2010 10:15am Oct 18, 2010 10:15am
i have installed the EA and Indi, but juz like nothing happen. as good as no EA is installed. by the way, i am using IBFX demo. Any idea what is going on? thx.
Quoting vikasone23
Good morning...

Anybody testing new ea...
Getting good results.... booked $35..
and most important.. drawdown is well in control... Just $15.

Just keep checking first post for more updates......

Regards...
  • #231
  • Oct 19, 2010 2:15am Oct 19, 2010 2:15am
Quoting vTrade
i have installed the EA and Indi, but juz like nothing happen. as good as no EA is installed. by the way, i am using IBFX demo. Any idea what is going on? thx.
Have you place Ea n indicator at right folder... Have you attached both to any single chart..
If not...Pls googled how to use EA and Indicator....
  • #232
  • Oct 19, 2010 10:37am Oct 19, 2010 10:37am
Quoting vikasone23
Have you place Ea n indicator at right folder... Have you attached both to any single chart..
If not...Pls googled how to use EA and Indicator....
yes, all placed in the correct folder. i figured it out already. i started the EA first and placed the indicator after the first trade opened. now seems running fine. hope it works.
  • #233
  • Oct 19, 2010 12:17pm Oct 19, 2010 12:17pm
hi vikasone,
just one suggestion for your consideration. as UC and UJ are correlated, if you could split the basket into two groups, EU&GU one group and UC&UJ another. they open at the same time, whichever group hits TP then take profit by the group itself and reopen the position at next bar, disregard the performance of another group. especially when UC&UJ is trending in favor, by trading at a lower TF, can grab more pips instead of waiting for the 4 pair basket profit together.
in a nut shell, just turn this 4 pair basket into a 2 pair basket. trade the 4 pair simultaneously. reduce TF to 5M to shorten the gap between the 2 baskets.

just to share. hope you consider. cheers.

Quoting vikasone23
Good morning...

Anybody testing new ea...
Getting good results.... booked $35..
and most important.. drawdown is well in control... Just $15.

Just keep checking first post for more updates......

Regards...
  • #234
  • Oct 20, 2010 1:01am Oct 20, 2010 1:01am
Quoting vTrade
hi vikasone,
just one suggestion for your consideration. as UC and UJ are correlated, if you could split the basket into two groups, EU&GU one group and UC&UJ another. they open at the same time, whichever group hits TP then take profit by the group itself and reopen the position at next bar, disregard the performance of another group. especially when UC&UJ is trending in favor, by trading at a lower TF, can grab more pips instead of waiting for the 4 pair basket profit together.
in a nut shell, just turn this 4 pair basket into a 2 pair basket....
I dont think UC and UJ are directly correlated such as EU & UC or EU & GU.
But you can try with this pairs... What u have to do is to put only two pairs in EA.

Well this new EA is working fine for me. I would suggest... before trying anything new just demo test this one for 3-4 days...

Regards...
  • #235
  • Oct 20, 2010 4:31pm Oct 20, 2010 4:31pm
Quoting vikasone23
I dont think UC and UJ are directly correlated such as EU & UC or EU & GU.
But you can try with this pairs... What u have to do is to put only two pairs in EA.

Well this new EA is working fine for me. I would suggest... before trying anything new just demo test this one for 3-4 days...

Regards...

please post results for the past 2 weeks
  • #236
  • Oct 22, 2010 10:53am Oct 22, 2010 10:53am
this is my first time using this EA book twice for oly this 4 hours... looks like promising

good job vikas
  • #237
  • Oct 22, 2010 12:43pm Oct 22, 2010 12:43pm
Hello, excuse my English but I am Italian. I'm testing the expert for a week, is currently profitable. I wanted to ask if you can put a magic number for each strategy to be tested on a single platform. Thanks.
  • #238
  • Last Post: Oct 26, 2010 12:14am Oct 26, 2010 12:14am
Any updates about the performance of the new EA ?
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