My Sixths trading journal with TOB EA

Since I can only allow TOB to initiate one trade due to my low account balance, liked the idea by julesvH to set MaxOpenPairsAllowed to 1, and added more pairs (even those with JPY): GBPUSD, EURJPY, AUDJPY, GBPJPY, AUDUSD, NZDUSD

Currently only one sell-stop pending on GBPJPY, and TOB is chasing this pair to the upside!

That's a great idea fchaman - I've sure could use it. I'm okay right now the EURJPY was in profit about 35 pips and I didn't close manually - let it run and it went negative. Anyhow - I know that TOB will get me out of it - that's why the rule of .01 cent for ever $200 in account balance is VERY important.

I believe with the robot and manual trading - money management is everything - SPECIALLY if you are not using SL. Recovery will get you back on track, but you need to have enough money in the account to let it run and do its thing!

I'm in the US so my leverage is only 50:1 == I'm trying to get an account with AVAFX and OANDAFX because of a little better leverage and also iPhone compatibility for trading and checking my trades on the go from anywhere at anytime!

MdF

TOB finally caught up with this pair and booked me +70pips while asleep during london session:

Currently TOB has one open sell order on eurusd...looking good for south direction:

Still in euro trade...not sure why TOB didn't place the L1 recovery trade when it hits the upper 6xth line (1.43479), so I place the second sell order manually @ 1.43285

The MM in TOB is set to close trades at green line...but with that last long hourly candle, manually set the TP @1.42910...near the low of the long bullish candle chart.

TOB has now been offically abdicated her throne to the EOB on my live account.

TP got hit with +40pips.

No trade today.

I added those pairs which Steve claims they have volatility level of PsychoticallyDeranged:

vs="----Volatility inputs----";
extern int LookBackDays=20;
extern int LowVolatility=100;
extern int MediumVolatility=150;
extern int HighVolatility=200;
extern int PsychoticallyDeranged=250;

The pairs are:

AUDJPY/CAD/USD; GBPAUD/CAD/CHF; EURAUD/CAD/CHF/JPY/GBP.

Attached is my statement so far...starting balance was $870 on 3/29...then blew half of it with being on the wrong side of eurjpy trade, and overtrading...Steve's golden rule:

Lot size: 0.01 lots per $200 balance

Now at $560...let's see how long I can stay with the EOB.

A white line breakout trade: Buy @ 1.49392

No wonder they call these bots EA in MT4...They are truely an Expert Advisor...they don't have any sleep, they think what you exactly wrote them to do 7x24, and this EOB is without any doubt is #1!!!

Here are the open orders so far...I set the parameter MaxOpenPairsAllowed to 2, so only will take 2 pairs to trade...still very risky in relation to the size of my account. As steve wrote:

"DO NOT mortgage the house and start a live account with $50,000(with this EA). Forex trading requires traders to demonstrate two huge personality traits:
1. Patience
2. Balls of steel"

Will close all trades by end of NY close.

I just wish Japan situation becomes stable...their people have suffered so much...my best wishes to them.

Well, not bad for this week...below is the weekly summary.

Left erucad order open over the weekend...looks like a good short trade.

Max DD was about 7.12% ($43) for this week.

This is current open trades for the coming week...

I could say that today 4/11 was the best day of my forex trading!

Amazing performance by the EOB...

The last trade I closed it manually...trying to find out from Steve, how could I change certain parameters to change the target level.

I added a goal statement in post 1.

Which broker are you using for The Beast? I know we can't do hedge in the US so I'm also looking for a broker that can let us hedge to use some more functions of the TOB... Preferably a pennies account!

FXDD will let us hedge - but the smallest trading size will be 10 cents @ .10...

Still looking!

I use fxcm, and hedging is allowed.

Today EOB went long on the Box breakout at 1.48083...currently at 1.45789 (-229 pips)...ouch!

Instead of letting EOB run the recovery...I manually hedged the trade to bring my margin level above 200%...

Let's see what comes out of this trade....

It takes me 6month to finish E/U trend trader. It can ride with trend 80% of the time but it lose money in consolidation.

Now I'm looking for a counter trend EA which can capture retracement and TOB is one of the best I found on FF!(naningbob V5 is quite same)

With these amazing EAs working together I will not be afraid if TOB hit L4 or above.

Great thanks to Steve and Naning bob and all people work with them, there is free meal on FF!

Thanks jonirrenicus for the post. Sounds great! Can you post a link to this amazing EA...I'd appreciate.

I got myself again into the hole again, by letting the EOB to trade too much...when I uploaded a new version of the EOB, forgot to set the parameter MaxOpenPairsAllowed =2...then woke up yesterday morning, realizing the balance is in big voodoo...tried to hedge to no avail...at the moment trying to keep half the balance!

As you mentioned, TOB/EOB is one fantastic EA during retrace, but when a strong trend takes place, it really kills you. So the other EA you mentioned as a companion to EOB is a fantastic idea.

Thanks!

Hi,

I cant understand your current situation.

I have backtested TOB from 2010-Now, 18%DD with 3900 profit(10000 with 0.1 lot start) The result is especially stable from 2011-now.

How could you lose money with it???

here is a trade of TOB yesterday.