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Basket 14 EA System

  • #1,481
  • Oct 28, 2010 10:02pm Oct 28, 2010 10:02pm
frazerd
for a while ago it was a discussion about to go with offshore brokers.and what is the best MT4 offshore broker and so on.
i really did not understand why you were after offshore brokers?
because of spread, leverage or hedging or maybe all of them together?
regards
fred

Quoting frazerd
MC has stated several times that he sometimes runs a program for a short time and then replaces it with another and that the name of his uploaded file is the name of the EA that is currently running on that account.
  • #1,482
  • Edited Oct 29, 2010 12:03am Oct 28, 2010 10:05pm | Edited Oct 29, 2010 12:03am
Hi MetaCoder,

On the topic of synthetic hedges, I'm still learning, we all know that you are using:

GU, UC, GC
CJ, EC, EJ
Making the Buys: GU, UC, EJ and the Sells: GC, CJ, EC

What I'm trying to do is get a similar combination but with reduced spread, for example:

GU, UC, GC
EU, UJ, EJ
Making the Buys: GU, UC, EJ and the Sells: GC, UJ, EU

But I don't think this will work as GU and EU are most of the time highly correlated with each other, or am I mistaken for thinking that?

What about the following example, which is the best combination I could make for the most reduced and balanced spreads (according to GoMarkets typical spreads):

GU, EU, EG
UJ, UC, CJ
Making the Buys: GU, EG, UJ and the Sells: UC, CJ, EU

TIA
  • #1,483
  • Oct 28, 2010 10:25pm Oct 28, 2010 10:25pm
Quoting roundrock
the current phantomsix_02 started 12 hrs back and is in 15% DD, it opened bunch of EJ buy orders while crashed. in such cases where one pair keeps adding trades, its difficult to balance the hedge with others. only hope is for this pair EJ to come back

anyone facing same problem ?
Yep, have the same problem. Of course mine is more pronounced because I open trades every half hour hehe. Sitting at about 20% dd right now
  • #1,484
  • Oct 28, 2010 10:29pm Oct 28, 2010 10:29pm
That is a common issue for these "Add" EAs, hence why I suggested a Dollar Buffer between the 1st and 2nd Biggest Winners before getting into a trade with the 1st BW.

I'm also contemplating "tracking" the movement of the Biggest Winner in the last hour to see if it should be traded in the next hour

e.g.

12:00 - GU is BW

... time passes ...

20:00 - GU is BW again, but ever since 19:00 it has been reducing, but is still able to keep it's place as BW.

In that case I would not trade it.
  • #1,485
  • Oct 29, 2010 1:37am Oct 29, 2010 1:37am
Quoting frazerd
Vienna, what MaxMargin and ProfitPct settings are you using on AddSix_03? And what leverage?
hello ,
it is:
extern double MaxMarginToUse = 0.67;
extern double ProfitPct = 1.0;
extern double MaxMiniProfit = 1000.0;
extern double MaxStdProfit = 10000.0;

extern int MagicNumber = 777111;
best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: Phantom_AddSix_03b original.gif Size: 7 KB
Attached File(s)
File Type: zip Phantom_AddSix_03b original.zip   12 KB | 168 downloads
  • #1,486
  • Oct 29, 2010 5:02am Oct 29, 2010 5:02am
Testing Phantom_AddSix_03b at the moment, current situation:

44 trades open, margin is at 205% and drawdown of 15%
  • #1,487
  • Oct 29, 2010 9:23am Oct 29, 2010 9:23am
Quoting Saidar
Testing Phantom_AddSix_03b at the moment, current situation:

44 trades open, margin is at 205% and drawdown of 15%
do you have bunch of UJ, CJ orders ?
  • #1,488
  • Oct 29, 2010 9:38am Oct 29, 2010 9:38am
Saidar and all, reports do not mean anything unless you tell us:
Type of account - Standard or Mini - most will be standard unless trading with IBFX
Leverage
MaxMarginToUse setting
ProfitPct setting

Remember that MC, on most of these EAs, has the default settings designed for a 50:1 mini account. If you are trading at higher leverages and on standard accounts you will need to adjust the settings down.

For example, I am using AddSix_03b on a 500:1 Tadawul standard account using MaxMargin 0.1 and ProfitPct 1.0. It has done pretty well with those settings until this morning. Max DD has gone as low as -17% and Lowest Margin %, which is the most important item in your screen comments, has been down to 993%, which I consider too low for a 500:1 leveraged account. So I will probably set MaxMargin lower and ProfitPct to 0.5 and see how that works out.

The point is that if you are not trading at 50:1 leverage on a IBFX type mini account where 1 pip = 1 centUS ($0.01 US), you need to experiment with different settings until you find what works for your situation.

Also, the latest settings MC has posted for the AddSix EAs at 50:1 leverage is MaxMargin 0.3 and ProfitPct 0.5. The original version was set at 0.67 and 1.0. If you haven't changed those that could also be part of your problem.
Frazer
  • #1,489
  • Oct 29, 2010 10:21am Oct 29, 2010 10:21am
Hey people,
I know this one is an older version, but I've been running Phantom AddSix_02.taz on Go Markets 1:50 lev at 0.5 mmtu and 1.0% profit settings, it has done remarkably well. Can't post the stats as I'm at work, but so far up 23% in 8 days! and only 6% max DD. Lowest margin% was around 200%, which I know is shaky, but not horrible for a 1:50.
Seems to be the most promising to me so far...
BUT, is this version considered to be outside the framework of a balanced hedge thus less safe or not?
  • #1,490
  • Oct 29, 2010 10:43am Oct 29, 2010 10:43am
Quoting pippete
Hey people,
BUT, is this version considered to be outside the framework of a balanced hedge thus less safe or not?
Definitely less safe.
Open to new approaches.
  • #1,491
  • Oct 29, 2010 10:45am Oct 29, 2010 10:45am
Frazer, it's incredibly patient of you to keep explaining the facts about account types and settings, but I believe it's time to let people discover for themselves that they need to become serious students of these things.
Open to new approaches.
  • #1,492
  • Oct 29, 2010 10:47am Oct 29, 2010 10:47am
Quoting roundrock
the current phantomsix_02 started 12 hrs back and is in 15% DD, it opened bunch of EJ buy orders while crashed. in such cases where one pair keeps adding trades, its difficult to balance the hedge with others. only hope is for this pair EJ to come back

anyone facing same problem ?
If you approach even 10% drawdown, it means the balance is too small for the account type or your settings are too aggressive. Frazer has an excellent explanation of this above, which I am pretty sure we've repeated again and again, but we can't make you listen if you refuse to.
Open to new approaches.
  • #1,493
  • Oct 29, 2010 10:48am Oct 29, 2010 10:48am
Quoting tazmaan
Yep, have the same problem. Of course mine is more pronounced because I open trades every half hour hehe. Sitting at about 20% dd right now
All is lost.

It will never recover.

Automatic trading is a cruel hoax.
Open to new approaches.
  • #1,494
  • Edited 12:50pm Oct 29, 2010 10:50am | Edited 12:50pm
Folks, some of you frustrate me.
Open to new approaches.
  • #1,495
  • Oct 29, 2010 10:56am Oct 29, 2010 10:56am
That's too bad, not sure why, was just reporting the situation not complaining.
I wouldn't be wasting my time with your ea's if I didnt think they had some serious potential. Would hate to see you go and not continue this venture together.
But you must do what u feel you have to i guess
  • #1,496
  • Oct 29, 2010 12:04pm Oct 29, 2010 12:04pm
Quoting MetaCoder
All is lost.

It will never recover.

Automatic trading is a cruel hoax.
you have MarcinCall of the account Real?
best regards
vienna
  • #1,497
  • Oct 29, 2010 12:12pm Oct 29, 2010 12:12pm
Quoting vienna
you have MarcinCall of the account Real?
best regards
vienna
No Vienna, I think he was talking about tazmann's account.
Frazer
  • #1,498
  • Oct 29, 2010 12:24pm Oct 29, 2010 12:24pm
Quoting pippete
Hey people,
I know this one is an older version, but I've been running Phantom AddSix_02.taz on Go Markets 1:50 lev at 0.5 mmtu and 1.0% profit settings, it has done remarkably well. Can't post the stats as I'm at work, but so far up 23% in 8 days! and only 6% max DD. Lowest margin% was around 200%, which I know is shaky, but not horrible for a 1:50.
Seems to be the most promising to me so far...
BUT, is this version considered to be outside the framework of a balanced hedge thus less safe or not?
It only seems to be the most promising because it has done well for a short time. I have a 500:1 GoMarkets demo running this EA and it was phenominal, It gained 35% in 2 weeks. However, it now has not closed since 22 Oct, it has accumulated 82 trades, has a almost $5,000 DD on a $7000 balance, -74% largest DD and 253% margin level. There will be a margin call very soon.

It is definitely outside the hedge and not safe, regardless of the short term results.
Frazer
  • #1,499
  • Oct 29, 2010 12:28pm Oct 29, 2010 12:28pm
yep, abandoned that one quite awhile ago, and it was MY mod lol
  • #1,500
  • Oct 29, 2010 12:28pm Oct 29, 2010 12:28pm
Quoting frazerd
It only seems to be the most promising because it has done well for a short time. I have a 500:1 GoMarkets demo running this EA and it was phenominal, It gained 35% in 2 weeks. However, it now has not closed since 22 Oct, it has accumulated 82 trades, has a almost $5,000 DD on a $7000 balance, -74% largest DD and 253% margin level. There will be a margin call very soon.

It is definitely outside the hedge and not safe, regardless of the short term results.
Thanks a lot frazer, I'll keep testing 3a/3b then. We'll see..
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