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D1 - 20 EMA & 50 EMA

  • #1,001
  • Jun 7, 2013 4:41am Jun 7, 2013 4:41am
Quoting shiva
Folks, I am fishing for opinions, so don't flame me with "go through the thread'. On a live $3000 account with the EA let loose on 12 pairs what would be the ideal lot size? Thanks
Hi Shiva

I find 0.1 lots for 3.000.-$ account extremelly high. I think 0.01 is a more realistic size in order to not get a nightmare when a DD period comes, and it will come IMHO.

Cheers
  • #1,002
  • Jun 7, 2013 5:02am Jun 7, 2013 5:02am
Quoting kazekase
khaled ctg, which EA do you use for your trade explorer account "set it and forget it" ? d1 20ema & 50ema ? third screen EA ema ? or third screen strategy d1 macd ? Thanks for all your work
Its a kind of managed account testing in the DEMO. The basic strategy is Third Screen Strategy. The account is managed by the EA itself. The EA is the other then the EA posted here. The original EA is being tested by 100PipsADay and the trade explorer is linked with this forum.

Regards.
KISS - Keep It Simple Smart !!!!
  • #1,003
  • Jun 7, 2013 5:53am Jun 7, 2013 5:53am
Quoting Caillou
{quote} Hi Shiva I find 0.1 lots for 3.000.-$ account extremelly high. I think 0.01 is a more realistic size in order to not get a nightmare when a DD period comes, and it will come IMHO. Cheers

KHALED WHAT DO YOU THINK ABOUT

Currency correlation THAT WHE CAN MAKE A LESS PAIRS AND DOUBLE LOTS
THERE ARE SOME PAIRS MOVING TOGETHER AND SOME GO IN MOVING Inversely
same direction moving currency pairs are
 EUR/USD and GBP/USD
EUR/USD and NZD/USD
USD/CHF and USD/JPY
AUD/USD and GBP/USD
AUD/USD and EUR/USD
CHF/JPY AND EUR/JPY
EUR/JPY AND USD/JPY

Inversely moving pairs are:
EUR/USD and USD/CHF
GBP/USD and USD/JPY
GBP/USD and USD/CHF
AUD/USD and USD/CAD
AUD/USD and USD/JPY
  • #1,004
  • Jun 7, 2013 6:06am Jun 7, 2013 6:06am
Loving your work 100pips!

See my sign below for Pepperstone testing from this week onwards.
  • #1,005
  • Jun 7, 2013 6:15am Jun 7, 2013 6:15am
Thats a good Point butt..

Thought also about Correlation respectively working this way when i choose my D1 entry's vs open trades in my own system, but you have to have in Mind. Pairs that are correlating at D1 often behave completely different if you switch from D1 to H1
and here we are searching for entry's in H1. So it could be counterproductive to throw out some Pairs only because they correlate in D1. And its a difference if the correlate 70 % or 85 % and the correlation changes often.

D1 Pairs that correlated last 3 Months about 85 % switch and go away to 60% or - 40 % and start to behave completely different for months. More analysis on that would be needed before thinking about.

Anyway, who wants to go deeper into correlation, myfxbook provides a great analysis tool for that.

I dont know why but i cant post a link at the moment ?!?


Edit: In a quote it works..

Quote
http://www.myfxbook.com/forex-market/correlation
How to opt out annoying user signatures ??
  • #1,006
  • Jun 7, 2013 6:20am Jun 7, 2013 6:20am
Quoting Amirsaid
{quote} KHALED WHAT DO YOU THINK ABOUT Currency correlation THAT WHE CAN MAKE A LESS PAIRS AND DOUBLE LOTS THERE ARE SOME PAIRS MOVING TOGETHER AND SOME GO IN MOVING Inversely same direction moving currency pairs are EUR/USD and GBP/USD EUR/USD and NZD/USD USD/CHF and USD/JPY AUD/USD and GBP/USD AUD/USD and EUR/USD CHF/JPY AND EUR/JPY EUR/JPY AND USD/JPY Inversely moving pairs are: EUR/USD and USD/CHF GBP/USD and USD/JPY GBP/USD and USD/CHF AUD/USD and USD/CAD AUD/USD and USD/JPY
Hi Amir,
Its a bit complicated for me. I just want to make the system KISS (Keep It Simple Smart)
Let it be decided by the Strategy. If criteria meet then we will go for Long or Short. That is enough for me.

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #1,007
  • Jun 7, 2013 6:33am Jun 7, 2013 6:33am
Quoting claudia1
{quote} Yeah I running a 5k live account with 0.1 working well so far but I got 23 pairs on it. Seems to work better at night when I'm not here mmm lol!
Works better when you are not there? Hmm, did you offend the EA in some way?
  • #1,008
  • Jun 7, 2013 6:34am Jun 7, 2013 6:34am
Quoting Caillou
{quote} Hi Shiva I find 0.1 lots for 3.000.-$ account extremelly high. I think 0.01 is a more realistic size in order to not get a nightmare when a DD period comes, and it will come IMHO. Cheers
Thanks
  • #1,009
  • Jun 7, 2013 6:46am Jun 7, 2013 6:46am
Quoting shiva
{quote} Works better when you are not there? Hmm, did you offend the EA in some way?
lol must have done
  • #1,010
  • Jun 7, 2013 7:55am Jun 7, 2013 7:55am
Quoting claudia1
{quote} Yeah I running a 5k live account with 0.1 working well so far but I got 23 pairs on it. Seems to work better at night when I'm not here mmm lol!
Hello Claudia1, Is this live account in the US with 50:1 leverage? Also, you're closing trades out per certain criteria and not letting the EA run continuously, right?

Thank you Claudia1.

=)
  • #1,011
  • Jun 7, 2013 7:57am Jun 7, 2013 7:57am
Quoting shiva
{quote} Not using the ea live yet, Going to do so from the third week of June. So 0.1 x 12 = Net 1.2 lots. Thanks Khaled
That depends on your Max Positions setting. If it is the default of 8, you actually have the potential for 0.1 x 12 x 8 = net 9.6 lots. Huge difference. That lot size is way too large, in my opinion. 100Pips uses 0.1 lots per position per $100,000 on a standard account. The equivalent capital needed to trade .01 lots on a standard account would be $10,000. For a mini account, it would be 0.1 lots per $10,000, or .03 lots per position for $3,000, which is what I am trading on my demo. I fear that some of the folks in this thread are going to be crying in their beer when this market really turns around because of their super aggressive trade sizing, i.e. GREED.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #1,012
  • Jun 7, 2013 7:58am Jun 7, 2013 7:58am
Quoting droland
{quote} You might want to put on the daily PSar indi with either 0.02 and 0.2 or 0.03 and 0.02 and compare the entry and exit on the daily chart. I have been watching this system for some time and these PSar entries and exits produce far better returns. I don't have an EA to prove it but just add it to one of your longer term demos and see how the entries and exits compare. In my opinion, far superior. dr
Hello Droland,

You're talking about using the PSARs for entry and exit meaning that whenever the PSARs reverse you close the current trade and take the reversal, right?

Thank you Droland.
  • #1,013
  • Jun 7, 2013 7:59am Jun 7, 2013 7:59am
Quoting jicssbr
{quote} Hello Claudia1, Is this live account in the US with 50:1 leverage? Also, you're closing trades out per certain criteria and not letting the EA run continuously, right? Thank you Claudia1. =)
No my accounts are UK based for tax reasons and leverage on this one with Alpari is 500:1. I close trades at my discretion.
  • #1,014
  • Jun 7, 2013 8:15am Jun 7, 2013 8:15am
Quoting claudia1
{quote} No my accounts are UK based for tax reasons and leverage on this one with Alpari is 500:1. I close trades at my discretion.
Ok, thanks Claudia1. Does Alpari UK take US citizens?
  • #1,015
  • Jun 7, 2013 8:17am Jun 7, 2013 8:17am
Quoting jicssbr
{quote} Ok, thanks Claudia1. Does Alpari UK take US citizens?
Nope.
Prices are never too high to begin buying or too low to begin selling.
  • #1,016
  • Jun 7, 2013 8:18am Jun 7, 2013 8:18am
Quoting jicssbr
{quote} Ok, thanks Claudia1. Does Alpari UK take US citizens?
Ask them I dunno but I suspect the answer is no.
  • #1,017
  • Jun 7, 2013 8:45am Jun 7, 2013 8:45am
Quoting thehenryfam
{quote} That depends on your Max Positions setting. If it is the default of 8, you actually have the potential for 0.1 x 12 x 8 = net 9.6 lots. Huge difference. That lot size is way too large, in my opinion. 100Pips uses 0.1 lots per position per $100,000 on a standard account. The equivalent capital needed to trade .01 lots on a standard account would be $10,000. For a mini account, it would be 0.1 lots per $10,000, or .03 lots per position for $3,000, which is what I am trading on my demo. I fear that some of the folks in this thread are going...
Scott,

Agreed on the account size / # of trades possible - keeping the default at 8 trades per pair would look to be ovetrading unless you reduce your lot sizes or you can afford the loss. However, with the results posted to date and the effective hedging that is occurring, the risks seem to be mitigated.

It will be interesting to see how the respective EAs perform in a market that ranges more. Currently 100piips has disabled all pairs except for the jpy pairs, which looks to be a wise move with many pairs overextended on their current trend runs.
"To live with Passion, it takes Courage and Grace to survive"
  • #1,018
  • Jun 7, 2013 10:05am Jun 7, 2013 10:05am
Hi Folks !

I have modified my EA settings :

TP = 320 pips for all pairs
SL = 160 pips for all pairs
Max trades = 5 for all pairs
Number of pairs : 13
Max. exposure : 13 x 5 x 0.1 Lots = 6,5 standard lots

It's all based on a 100K Demo account.

I think its a good compromise between catching the long term trend and the shorter outcomes !

Just my 2 cents ;-)

Whats your opinion ?

Happy trading

Bernhard
  • #1,019
  • Jun 7, 2013 10:08am Jun 7, 2013 10:08am
Quoting droland
{quote} You might want to put on the daily PSar indi with either 0.02 and 0.2 or 0.03 and 0.02 and compare the entry and exit on the daily chart. I have been watching this system for some time and these PSar entries and exits produce far better returns. I don't have an EA to prove it but just add it to one of your longer term demos and see how the entries and exits compare. In my opinion, far superior. dr
How about you add it to one of your demos? How about you show us how your PSar entries and exits produce far better returns?
  • #1,020
  • Jun 7, 2013 10:39am Jun 7, 2013 10:39am
A demo account I've been running with the EA without intervention since 5-13 started out with a $5K balance. I set the lots to .10 and the account is now over $9K. The account is trading 21 pairs with the default EA settings.
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