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Basket 14 EA System

  • #1,381
  • Oct 26, 2010 3:25pm Oct 26, 2010 3:25pm
Frazerd
can you please tell us what was your account size, standard or mini and other parameters in setting of the addsix-02.
because i had different result.i dont know is it only me or everybody is going to that cycle that for few days have great result then is goes to big DD margin.
best regards
Fred
Quoting frazerd
My AddSix_02 has been the best one so far, as well. I will load this version on top of 02.
  • #1,382
  • Oct 26, 2010 3:43pm Oct 26, 2010 3:43pm
Quoting fredgold3434
Frazerd
can you please tell us what was your account size, standard or mini and other parameters in setting of the addsix-02.
because i had different result.i dont know is it only me or everybody is going to that cycle that for few days have great result then is goes to big DD margin.
best regards
Fred
All my IBFX demos are Mini 50:1, $3000 starting balance, except Add_02-taz which started with $2000. AddSix_02 is set with MaxMargin 0.4 and ProfitPct 1.0. Everything else is MC's defaults.

I now have 02a running instead of 02 with all default settings.
Frazer
  • #1,383
  • Oct 26, 2010 4:00pm Oct 26, 2010 4:00pm
A Big Thanks
Quoting frazerd
All my IBFX demos are Mini 50:1, $3000 starting balance, except Add_02-taz which started with $2000. AddSix_02 is set with MaxMargin 0.4 and ProfitPct 1.0. Everything else is MC's defaults.

I now have 02a running instead of 02 with all default settings.
  • #1,384
  • Oct 26, 2010 4:29pm Oct 26, 2010 4:29pm
Quoting MetaCoder
I opened a Tadawul demo, 200:1 I believe. Standard is the only account option so the 0.05 lots is like 0.5 in mini terms.

So far it's done fine but my starting balance was only $3,000, could get a margin call later.
200:1 is the highest leverage available in the drop down box when you start the platform, but if you use their sign up form to get the platform, you can go up to 500:1 and they send you an email with the account # and password to use on the platform.

Also got a nice phone call from them this morning asking if I had any questions.
Frazer
  • #1,385
  • Oct 26, 2010 4:32pm Oct 26, 2010 4:32pm
Oh ok, thanks for that info!
Open to new approaches.
  • #1,386
  • Oct 26, 2010 4:38pm Oct 26, 2010 4:38pm
Having said the above, though, if the IBFX demos do well enough I will probably stay in the US and be satisfied with the 15 - 20% a month that I think these EAs are capable of at 50:1 leverage. Why get into a riskier situation for just a few extra dollars? Riskier in terms of the possibility of future CFTC sanctions against the offshore brokers.
Frazer
  • #1,387
  • Oct 26, 2010 5:10pm Oct 26, 2010 5:10pm
Frazer, I'm thinking along those same lines.

15% to 20% per month with safe margin levels just might be do-able. I'd be quite delighted with 5% to 10%, but I think we'll do better.

I don't like the idea of an offshore broker deciding to keep my money with nothing I can do about it.

Whereas IBFX is in Utah, just north of me.

I know where they live.
Open to new approaches.
  • #1,388
  • Oct 26, 2010 5:49pm Oct 26, 2010 5:49pm
Frazerd
What is the lots size for $3000?

for $500 mini 50:1
i chose
Maxmargintouse:0.2
lots:0.04
profitpac:0.5
do you think are they ok for $500 account size?
Quoting frazerd
All my IBFX demos are Mini 50:1, $3000 starting balance, except Add_02-taz which started with $2000. AddSix_02 is set with MaxMargin 0.4 and ProfitPct 1.0. Everything else is MC's defaults.

I now have 02a running instead of 02 with all default settings.
  • #1,389
  • Oct 26, 2010 7:11pm Oct 26, 2010 7:11pm
I have changed things up on existing accounts, some have had the EAs changed a few times.

The filenames accurately reflect which EAs are currently being run.

Don't get excited about 02alt, it's just 02 with an alternative set of pairs.

http://bobthoughts.net/Phantom_AddSix_01a.htm

http://bobthoughts.net/Phantom_AddSix_02alt.htm

http://bobthoughts.net/Phantom_AddSix_03b.htm

http://bobthoughts.net/Phantom_AddSix_03b_IBFX.htm
Open to new approaches.
  • #1,390
  • Oct 26, 2010 7:11pm Oct 26, 2010 7:11pm
Quoting fredgold3434
Frazerd
What is the lots size for $3000?

for $500 mini 50:1
i chose
Maxmargintouse:0.2
lots:0.04
profitpac:0.5
do you think are they ok for $500 account size?
Lot size with those settings is .06 - you can see it on my spreadsheets.

I cannot tell you what works for a $500 account since I haven't been testing that small an account. I personally would not trade with less than $2000 and the more the better. If you don't have more, see if some of your friends or relatives might want to make some money. Just be sure to tell them about the risk.

If you are trading a $500 account the lot size will be .01 regardless of the settings, so it won't make any difference anyway.
Frazer
  • #1,391
  • Oct 26, 2010 7:22pm Oct 26, 2010 7:22pm
Quoting Caillou
Anyway, I´m giving a new chance to Basket14_02, start at 12h00 (GMT+2), first profit 4 hours later, +1%, max DD 2.16%....
You're playing with fire! Before the Phantom EA's were around I tried the basket EA's on a live account. Max drawdown with the recommended settings for 100:1 leverage was 60%, eventually after 3 weeks it recovered enough to get out at a loss of 25%. My advice - DON'T DO IT!
  • #1,392
  • Oct 26, 2010 11:33pm Oct 26, 2010 11:33pm
I tried to figure it out why we might looking for a offshore broker?
because of higher leverage? or hedging or spread?
regards
Fred
Quoting frazerd
Having said the above, though, if the IBFX demos do well enough I will probably stay in the US and be satisfied with the 15 - 20% a month that I think these EAs are capable of at 50:1 leverage. Why get into a riskier situation for just a few extra dollars? Riskier in terms of the possibility of future CFTC sanctions against the offshore brokers.
  • #1,393
  • Oct 27, 2010 12:03am Oct 27, 2010 12:03am
Quoting skoda2008
You're playing with fire! Before the Phantom EA's were around I tried the basket EA's on a live account. Max drawdown with the recommended settings for 100:1 leverage was 60%, eventually after 3 weeks it recovered enough to get out at a loss of 25%. My advice - DON'T DO IT!
Thanks Skoda. I´m not thinking in going live account, just demo, for this EA, 2 more MC´s EA´s and 6 more EA´s from other threads. Anyway if you have had a DD of 60% it is enough for me to leave Basket EA´s and stay with Phantom_AddSix_03b and Phantom_AddSix_02a.
Thanks a lot
  • #1,394
  • Oct 27, 2010 1:53am Oct 27, 2010 1:53am
hello ,
12 pairs open -
the price go down you have a big problem-
you see....
diversifikation - no
korrelation - no

best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 03b.jpg Size: 220 KB
  • #1,395
  • Oct 27, 2010 1:58am Oct 27, 2010 1:58am
you see....
diversifikation - yes
korrelation - yes

best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: combine ea.jpg Size: 207 KB
  • #1,396
  • Oct 27, 2010 1:59am Oct 27, 2010 1:59am
Quoting vienna
hello ,
12 pairs open -
the price go down you have a big problem-
you see....
diversifikation - no
korrelation - no

best regards
vienna
That´s the problem with Adding Phantoms....we have to cut looses...
  • #1,397
  • Oct 27, 2010 2:02am Oct 27, 2010 2:02am
you see.... second demo
diversifikation - yes
korrelation - yes

best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: combine ea second demo.jpg Size: 193 KB
  • #1,398
  • Oct 27, 2010 2:07am Oct 27, 2010 2:07am
you see....tadawul leverage 200:1
diversifikation - yes
korrelation - yes

best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: tadawul demo combine ea.jpg Size: 226 KB
  • #1,399
  • Oct 27, 2010 2:17am Oct 27, 2010 2:17am
Here is a report -
yes - I'm for small gains with safety-
my store is supreme - security
proverb:
small bird in the hand-as -
big bird on the roof-
I hope you understand me
best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: combine ea first demo.gif Size: 6 KB
Attached File(s)
File Type: zip combine ea first demo.zip   10 KB | 165 downloads
  • #1,400
  • Oct 27, 2010 2:35am Oct 27, 2010 2:35am
first is combine with wrong and AddSix02
second is wrong and AddSixx 03B

you see the different- the setting is the same-
best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: combine ea second demo.gif Size: 6 KB
Attached File(s)
File Type: zip combine ea second demo.zip   10 KB | 169 downloads
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