Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 52 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve mk 2

  • #1,021
  • Mar 16, 2011 5:25pm Mar 16, 2011 5:25pm
Quoting Pippopotamus
These are perfect conditions for this EA.
I beg to differ.
  • #1,022
  • Edited 5:41pm Mar 16, 2011 5:25pm | Edited 5:41pm
Quoting SteveHopwood
No they are not.

Pairs that move determinedly in one direction only are not good for this style of trading. They are a pain in the arse.

My bum is quite tender right now.

If you seriously believe that current market conditions are perfect for TOB, then I suggest you divide your lot sizes by 10.

Then reduce them further to your crim's minimum lot size.

Then turn off the bot.

Your account might survive that way.

I am not joking.

You are not joking. How are your results so far this week? Lets' take stock at week's end. Perhaps your lot size is too large vs stake. BTW, I do trade at crim's min. lot size, 5 of the least correlated pairs on H1 TF. G/Chf, E/G, A/U, A/Cad, G/Cad. With current PA, more trades are produced...I like that.
Vincit qui se vincit.
  • #1,023
  • Mar 16, 2011 5:37pm Mar 16, 2011 5:37pm
Quoting Pippopotamus
You are not joking. How are your results so far this week? Lets' take stock at week's end. Perhaps your lot size is too large vs stake.
I took a massive number of pips up until the markets went nuts yesterday. I closed down all instances except those left managing L3 Recovery so that new trades would not be taken, and topped Recovery at 3 trades rather than the normal 4.

So, dd at just over 20%. I am a former basket trader, so dd of <50% does not worry me. I can tolerate dd that would make most people weep, but I understand how it arises. Margin level still over 1000%. The plan is: if margin level reaches 500% then hedge the largest losers and work things out from there.

I just did not want Pippo thinking that these market conditions are ok for TOB. This looked to me like a dangerous mis-understanding of the basic trading principle that underlies the bot.

  • #1,024
  • Edited 7:51pm Mar 16, 2011 5:48pm | Edited 7:51pm
Quoting SteveHopwood
I took a massive number of pips up until the markets went nuts yesterday. I closed down all instances except those left managing L3 Recovery so that new trades would not be taken, and topped Recovery at 3 trades rather than the normal 4.

So, dd at just over 20%. I am a former basket trader, so dd of <50% does not worry me. I can tolerate dd that would make most people weep, but I understand how it arises. Margin level still over 1000%. The plan is: if margin level reaches 500% then hedge the largest losers and work things out from there....
TOB with great joy. You have done marv work with this BOT, as well as with others.
Vincit qui se vincit.
  • #1,025
  • Mar 16, 2011 5:48pm Mar 16, 2011 5:48pm
Quoting SteveHopwood
Don't be rude. You are just plain wrong.

Accept this and back off.

Addition of Scoobs filter will stop all this.......As I lead in the gentle nag.....sit honey
  • #1,026
  • Mar 16, 2011 5:49pm Mar 16, 2011 5:49pm
Quoting SteveHopwood
Don't be rude. You are just plain wrong.

Accept this and back off.
was an attempt at levity. I will remove it and all/any others at your request.
Vincit qui se vincit.
  • #1,027
  • Mar 16, 2011 5:50pm Mar 16, 2011 5:50pm
Quoting hiredwhip
Addition of Scoobs filter will stop all this.......As I lead in the gentle nag.....sit honey
Hehe. I am going to add it. Been busy today with a concert then some teaching.

It will kick in at x open trades.

  • #1,028
  • Mar 16, 2011 5:51pm Mar 16, 2011 5:51pm
Quoting Pippopotamus
was an attempt at levity. I will remove it and all/any others at your request.
Excellent. Mine has already gone.

  • #1,029
  • Mar 16, 2011 5:52pm Mar 16, 2011 5:52pm
Quoting SteveHopwood
Hehe. I am going to add it. Been busy today with a concert then some teaching.

It will kick in at x open trades.

It's been saving my live acc since I upgraded FTLR and went up to 25 pairs....Only thing I don't trade with FTLR is corn.....I drink all that
  • #1,030
  • Mar 16, 2011 5:53pm Mar 16, 2011 5:53pm
Quoting Pippopotamus
Don't be a . . . prick.
Gee, Pippo, I hope you aren't being serious, because i sure wasn't.

Although, that's always good advice.
  • #1,031
  • Mar 16, 2011 5:54pm Mar 16, 2011 5:54pm
I was forced to give up on current situation. Closed all open position for a 20% loss just before the brutal xxxjpy free fall. I also had a big GBPCHF leftover with big DD. If I would not have closed all positions I believe I would be now close to magin call. On one of my accounts - Masterforex everything was working fine until today when I experienced multiple open positions at the same time like 12 on one pair instead of 1. And it happened to several pairs... I was using most current Beastie. Is it a tragedy? No. I used money I could afford to lose. But I suspect my criminal have something to do with multiple orders being opened at the same time... this resulted in 50% loss for that account...



So I will give it a break for few days and reevaluate my strategy.

I hope you are still in the game in spite of the current jpy volatility.

p777m
  • #1,032
  • Edited 11:51pm Mar 16, 2011 5:54pm | Edited 11:51pm
Quoting SteveHopwood
I took a massive number of pips up until the markets went nuts yesterday. I closed down all instances except those left managing L3 Recovery so that new trades would not be taken, and topped Recovery at 3 trades rather than the normal 4.

So, dd at just over 20%. I am a former basket trader, so dd of <50% does not worry me. I can tolerate dd that would make most people weep, but I understand how it arises. Margin level still over 1000%. The plan is: if margin level reaches 500% then hedge the largest losers and work things out from there....
see how determined these sudden rushes in PA are. Will eat my words if profits don't accrue.
Vincit qui se vincit.
  • #1,033
  • Mar 16, 2011 5:55pm Mar 16, 2011 5:55pm
Quoting Pinhead
Gee, Pippo, I hope you aren't being serious, because i sure wasn't.

Although, that's always good advice.
Maybe I misunderstood some humour here, so I will step back and let you guys tease the hell out of each other.

Have fun.

  • #1,034
  • Mar 16, 2011 5:55pm Mar 16, 2011 5:55pm
Quoting Pippopotamus
how determined these sudden rushes in PA are. Will eat my words if profits don't accrue.
You won't have to. I will eat them for you.

  • #1,035
  • Mar 16, 2011 5:56pm Mar 16, 2011 5:56pm
Quoting SteveHopwood
I took a massive number of pips up until the markets went nuts yesterday. I closed down all instances except those left managing L3 Recovery so that new trades would not be taken, and topped Recovery at 3 trades rather than the normal 4.

So, dd at just over 20%. I am a former basket trader, so dd of <50% does not worry me. I can tolerate dd that would make most people weep, but I understand how it arises. Margin level still over 1000%. The plan is: if margin level reaches 500% then hedge the largest losers and work things out from there.

...
Great to hear you are still in a pretty good position Steve. That's a great example of seeing a storm coming and taking manual steps to prevent a serious loss. Nice work!
  • #1,036
  • Mar 16, 2011 6:02pm Mar 16, 2011 6:02pm
Quoting p777m
I was forced to give up on current situation. Closed all open position for a 20% loss just before the brutal xxxjpy free fall. I also had a big GBPCHF leftover with big DD. If I would not have closed all positions I believe I would be now close to magin call. On one of my accounts - Masterforex everything was working fine until today when I experienced multiple open positions at the same time like 12 on one pair instead of 1. And it happened to several pairs... I was using most current Beastie. Is it a tragedy? No. I used money I could afford to...
Sounds like over-large lot sizes to me.

Learn from the experience; it is what the rest of us have done. Not from TOB/Beastie, but from previous ea's/trading systems.

Hell, you are not a real trader until you have blown at least three accounts. Reading your post, you haven't even blown one yet.

Just reduce those lot sizes when trading live, ok? Think of a lot size you are comfortable with, then divide it by 10. Then reduce it still further to your crim's minimum lot size until you are certain that events such as those over the last couple of days will still leave your account intact.

  • #1,037
  • Mar 16, 2011 6:04pm Mar 16, 2011 6:04pm
Was in when the 200 pips fall down happens, but tob full recover everytrade out of hell..
Epic ea steve.. can't say more
  • #1,038
  • Mar 16, 2011 6:07pm Mar 16, 2011 6:07pm
Quoting p777m
I was forced to give up on current situation. Closed all open position for a 20% loss just before the brutal xxxjpy free fall. I also had a big GBPCHF leftover with big DD. If I would not have closed all positions I believe I would be now close to magin call. On one of my accounts - Masterforex everything was working fine until today when I experienced multiple open positions at the same time like 12 on one pair instead of 1. And it happened to several pairs... I was using most current Beastie. Is it a tragedy? No. I used money I could afford...
Hedging? You had to capitulate BEFORE the big moves in Cable?? Steve is right, I am completely lost.
Vincit qui se vincit.
  • #1,039
  • Mar 16, 2011 6:13pm Mar 16, 2011 6:13pm
Hehe. Imagine what impact recent events will have on ea backtests in a few months time.
  • #1,040
  • Mar 16, 2011 6:16pm Mar 16, 2011 6:16pm
Quoting SteveHopwood
Sounds like over-large lot sizes to me.

Learn from the experience; it is what the rest of us have done. Not from TOB/Beastie, but from previous ea's/trading systems.

Hell, you are not a real trader until you have blown at least three accounts. Reading your post, you haven't even blown one yet.

Just reduce those lot sizes when trading live, ok? Think of a lot size you are comfortable with, then divide it by 10. Then reduce it still further to your crim's minimum lot size until you are certain that events such as those over the last couple...
You are right Steve. How did you know I have not blown account yet? Even though I'm trading (playing) more than 3 years I managed not to blown an account yet. Should I blown one to be considered trader?
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