Dislikedwhat are yr recovery settings ?Ignored
Dislikedi mentioned this idea several times in the past, but didnt receive enough recognition or discussion. i am going to write again. only thing stopping me coding this idea is limitation of my coding skills and if someone else can spend time and code i would appreciate.
idea is like this
lets say the prev basket is closed. dont enter straightaway. instead copy the trades in some memory and keep checking its drawdown. if it reaches some percentage (lets say 4%), then we enter all these orders from memory at current market price and we set PP as 4%+...Ignored
DislikedWhat are people's thoughts on leverage when trading this system? If I run the same EA with the same MMTU, PP, etc settings on two different brokers with different leverage, would it be correct to say that increasing leverage merely increases the speed at which gains and losses are accumulated? So given the choice, I should choose a broker with 400:1 over 50:1, right?Ignored
DislikedYou must be very very careful with high leveraged accounts
Do your homework, then do it again
A word of warning ... Do not be ' seduced ' by the results you may be seeing regarding 500:1 accounts being tested here
These are only ' do not really care what happens ' demo's to test theories etc
The large leverages do enable tests to be done quicker in many aspects, but I think I can say for sure no one would trade these live in this manner
Watch them develop, because I can almost guarantee they will go bust big time at some pointIgnored
1. cut losing trades when a losing trade reaches a certain size, OR, if worse comes to worse, overall margin reaches a certain level....Ignored
I have no coding knowledge and so could not help.
The idea itself is worth testing and I for one would be happy to test and report on it.
Could you please expand on the idea a little bit more?
Another idea could be to use the movement of the pair or pairs that take us to a pop to open an immediate basket with only those fast moving pairs that took us to closure but at reduced PP and MMTU - so that we take just that little bit more out of the pairs that have helped us get to a pop of the basket.
Again, this would involve runnning...Ignored
Dislikedhere is an example
lets say RR trades this new idea and SS trades the existing idea
both start at same time. starting capital is 10000$. PP 1%
SS places orders. RR doesnt.
SS places orders. RR doesnt
SS places orders. RR doesnt
SS is in DD of 300$. Now RR enters these orders at current market prices. SS current equity is 9700 and RR current equity is 10000.
market comes back and SS reaches PP 1%. Gains 1%. current balance 10100
RR will close at same time as SS but will have account balance 10400.
the idea is maintain a...Ignored
Dislikedthe idea is maintain a escrow for phantoms and release them to broker when the DD reaches a level (3% in above example). with this you aim for higher PP which would be DD threshold + PPIgnored
DislikedIsn't this idea predicated on the idea that the system will go into DD more often than it will go into profit?
In your example, say SS places an order, and RR waits for drawdown as his trade trigger. If SS's basket is profitable, he will close his basket even before RR makes a trade.
Does your testing show that drawdown is more likely to occur than a profitable basket with no drawdown?Ignored
Dislikedyes, we could lose an opportunity to get profit if it doesnt meet our DD criteria.
most ( i dont have stats, but most of them) trades have atleast 1 cut loser, which means we can atleast expect 2% DD.
even if we try with 1% DD, we get 1% additional PP.
i couldnt test this as i need a EA to do this and the coding is little complex to hold the orders in memory and release them at appropraite time.
in fact i didnt spend much time coding this, may be i will try this as my next project.
before that i want the idea to be validated...Ignored
DislikedFrazer - you coded the margin call cut option using Charvo's code:
Are you able to implement it as you have described?Ignored
DislikedAt 50:1 Phantom6_01.mq4 generated 35%since 12 Dec.Ignored
DislikedI am now using the latest version posted 2/2/11 and it seems to be working properly. However, trading with Tadawul the 1.1:1 or .9:1 have no effect since lot sizes can only increase or decrease .5. Here are my settings:
RecoveryPercent (RP) .5
TradeCountForRecovery (TCFR) 3
RecoveryLotRatio (RLR) 1.1
UseTradingHours (TH) false runs all the time
CloseLoserMultiplier (CLM) 1.0
MaxMarginToUse (MMTU) 0.4 for both baskets
ProfitPercent (PP) 1.0
The basket that closed today had 16 losers cut. The remaining basket that closed had 15 trades, including...Ignored