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Promised EA system

  • #441
  • Dec 10, 2013 2:42pm Dec 10, 2013 2:42pm
Hey People - A little Update from me:

I have decided to run the FishNetEA on two separate brokers with varying starting balances just to see how things shake up.
Also, I have placed the PromisedEA on an old mt4 demo account which I opened with $1000 with the balance now @ about $628 (an almost 30%+ loss!). The idea is to see how well the PromisedEA works as a recovery agent.

Therefore, below are my new myfxbook links:

FishNetEA 1 :
http://www.myfxbook.com/members/TyLa...tea-hft/773870

FishNetEA 2 :
http://www.myfxbook.com/members/TyLa...tea-hft/777165

PromisedEA (RecoveryPlan) :
http://www.myfxbook.com/members/TyLa...dea-hft/771949

Regards,

Ty
My job: I speculate and manage risk.
  • #442
  • Dec 10, 2013 3:31pm Dec 10, 2013 3:31pm
Quoting Marck
{quote} Anpar was GBP/JPN
Ah, the Beast! This pair trends well, when it trends, but the daily range can be terrifying.

Anpar
  • #443
  • Dec 10, 2013 9:25pm Dec 10, 2013 9:25pm
Quoting TyLamai
Hey People - A little Update from me: I have decided to run the FishNetEA on two separate brokers with varying starting balances just to see how things shake up. Also, I have placed the PromisedEA on an old mt4 demo account which I opened with $1000 with the balance now @ about $628 (an almost 30%+ loss!). The idea is to see how well the PromisedEA works as a recovery agent. Therefore, below are my new myfxbook links: FishNetEA 1 : http://www.myfxbook.com/members/TyLa...tea-hft/773870 FishNetEA 2 : http://www.myfxbook.com/members/TyLa...tea-hft/777165...
$1000 is too low. when size x2 and grow up, the account is easily blowed.
According to post#1, you have to put $25000.00
  • #444
  • Edited 10:13pm Dec 10, 2013 9:34pm | Edited 10:13pm
Quoting Sunnybeach
{quote} $1000 is too low. when size x2 and grow up, the account is easily blowed. According to post#1, you have to put $25000.00
I am amazed that traders are always so creative.

Follow me to the Promised Land. http://www.PromisedEA.com
Follow me to the Promised Land
  • #445
  • Dec 10, 2013 11:07pm Dec 10, 2013 11:07pm
Quoting xlitang
{quote} It has a bug for suspended feature.
This bug has been fixed in the upcoming live version. It is a great feature to avoid news spike trading.

Follow me to the Promised Land.
Follow me to the Promised Land
  • #446
  • Dec 10, 2013 11:45pm Dec 10, 2013 11:45pm
Quoting xlitang
{quote} Good job. Anyway NFP, FOMC and Dragic speaks is dangerous events to trade.
My two demo accounts with Promised EA blown.
Started new. http://www.myfxbook.com/members/Data...romised/777473

New rules for me:
1. No Jpy pairs in my basket, ( big volume on these pairs wiped out account)
2. Suspend EA during major news: NFP, FOMC, Dragi speech etc.

I think Promised EA will be successful with these rules.

Waiting fishnet ea for testing. you said it has immunity to news death candles.
  • #447
  • Dec 11, 2013 12:13am Dec 11, 2013 12:13am
Quoting xlitang
{quote} This bug has been fixed in the upcoming live version. It is a great feature to avoid news spike trading. Follow me to the Promised Land.
Thx xlitang it's about time. I woke up this morning to the "EA Suspended" message again so I simply did what I did yesterday - I reset. Good work sir!

Ty
My job: I speculate and manage risk.
  • #448
  • Dec 11, 2013 12:14am Dec 11, 2013 12:14am
Quoting drJones
{quote} My two demo accounts with Promised EA blown. Started new. http://www.myfxbook.com/members/Data...romised/777473 New rules for me: 1. No Jpy pairs in my basket, ( big volume on these pairs wiped out account) 2. Suspend EA during major news: NFP, FOMC, Dragi speech etc. I think Promised EA will be successful with these rules. Waiting fishnet ea for testing. you said it has immunity to news death candles.
Pls can u show the 2 demos here?
How much was your starting balance?

Thx,

Ty
My job: I speculate and manage risk.
  • #449
  • Dec 11, 2013 12:28am Dec 11, 2013 12:28am
Quoting Sunnybeach
{quote} $1000 is too low. when size x2 and grow up, the account is easily blowed. According to post#1, you have to put $25000.00
And now to you Sunnybeach...

Nowhere in the 1st post (or any post in this thread for that matter) is it written that you have to put $25,000.00 in an account. Trust me I checked and just for your convenience I will post a quote from post#1:

Quote
You need $25K for standard account and $250 for micro account to trade following pairs with at lease 400:1 leverage. Even you just trade one pair you still need $25K for standard account and $250 for micro account:

Did you notice where it said $250 for a MICRO account? Well guess what? ALL my accounts are MICRO accounts = 10cents per lot!

But guess what also? I don't even trade 10cents per lot since the rule says I should use 0.01 lot sizes it MEANS that I actually trade NANO lots = 1cent per lot!

Well, as it is WHO do you know has $250,000 or even $25,000 to put / risk in forex? MOST people here in forex are here to make some money to augment their daily income right? So what I TRY to do is to demo as though I am trading my potential LIVE account. I am looking at HOW $1000 can allow me trade a micro account using either the PromisedEA or the FishNetEA.

I hope I am somehow clear on this? Sorry about the upper cased words but they are there simply for emphasis not screams.

Please as usual IF I am mistaken above can someone with MORE experience simply correct me?

Thx, regards,

Ty
My job: I speculate and manage risk.
  • #450
  • Dec 11, 2013 12:30am Dec 11, 2013 12:30am
Quoting xlitang
{quote} Follow me to the Promised Land.
Congrats on The Future Home of Promised EA!

Regards,

Ty
My job: I speculate and manage risk.
  • #451
  • Dec 11, 2013 12:43am Dec 11, 2013 12:43am
Quoting TyLamai
{quote} Pls can u show the 2 demos here? How much was your starting balance? Thx, Ty
Promised EA with standard settings
http://www.myfxbook.com/members/Data...ised-ea/766794 starting balance 25 000, starting lot 0.01, leverage 1:500
http://www.myfxbook.com/members/Data...ised-ea/766788 , starting balance 250 000, starting lot 0.1, leverage1:100 (according to the rules leverage must be 1:500, but this broker allows only 1:100 for big accounts)
  • #452
  • Dec 11, 2013 1:04am Dec 11, 2013 1:04am
Quoting drJones
{quote} Promised EA with standard settings http://www.myfxbook.com/members/Data...ised-ea/766794 starting balance 25 000, starting lot 0.01, leverage 1:500 http://www.myfxbook.com/members/Data...ised-ea/766788 , starting balance 250 000, starting lot 0.1, leverage1:100 (according to the rules leverage must be 1:500, but this broker allows only 1:100 for big accounts)
drJones from what I can observe (and I may be wrong), it looks as though BOTH accounts are STANDARD accounts right? In which case:

Number1: http://www.myfxbook.com/members/Data...ised-ea/766794 with a starting balance of $25,000 is already UNDERfunded. That was the issue.

Number 2: http://www.myfxbook.com/members/Data...ised-ea/766788 had a great starting balance, BUT your starting lot size of 0.1 (NOT to mention the leverage of only 1:100) was SURE to blow you up! 0.1 lot size meant that you started with $1 per pip on a standard account.

Now the question is this: Is your newest demo account (http://www.myfxbook.com/members/Data...romised/777473) a MICRO account? Because I noticed a starting balance of $10,000 and lot sizes of 0.01?

IF it is then you are ok I guess.

Regards,

Ty
My job: I speculate and manage risk.
  • #453
  • Dec 11, 2013 1:23am Dec 11, 2013 1:23am
Quoting TyLamai
{quote} Thx xlitang it's about time. I woke up this morning to the "EA Suspended" message again so I simply did what I did yesterday - I reset. Good work sir! Ty
I have the same Message on the Screen, but the Bot works.

The only Problem i have, is the Leverage with 1:100 is to low, and the minLOT is 0.1 instead of 0.01. In this Case i have "Protection from the Broker"

Regards
The route is the goal
  • #454
  • Edited 6:51am Dec 11, 2013 2:10am | Edited 6:51am
Quoting TyLamai
{quote} drJones from what I can observe (and I may be wrong), it looks as though BOTH accounts are STANDARD accounts right? In which case: Number1: http://www.myfxbook.com/members/Data...ised-ea/766794 with a starting balance of $25,000 is already UNDERfunded. That was the issue. Number 2: http://www.myfxbook.com/members/Data...ised-ea/766788 had a great starting balance, BUT your starting lot size of 0.1 (NOT to mention the leverage of only 1:100) was SURE to blow you up! 0.1 lot...
No. its standard also.
You are not right about underfunding.
All accounts are standard:
Number 1: minimum amount allowed 0.01 lot = 1000usd

xlitang said in post 1: for standard account balance must be 25000usd. and starting lot must be 0.01.

Number 2: minimum amount allowed 0.1 lot = 10000usd
  • #455
  • Dec 11, 2013 2:19am Dec 11, 2013 2:19am
Quoting drJones
{quote} No. its standard also. You are not right about underfunding. All accounts are standard: Number 1: minimum amount allowed 0.01 lot = 1000usd xlitang said in post 1: for standard account balance must be 25000usd. and starting lot must be 0.01. Number 1: minimum amount allowed 0.1 lot = 10000usd
Ok you are right.

Ty
My job: I speculate and manage risk.
  • #456
  • Dec 11, 2013 2:22am Dec 11, 2013 2:22am
Price movement this morning seems to be a good test for both PromisedEA & FishNetEA. Lets see how it goes.
My job: I speculate and manage risk.
  • #457
  • Dec 11, 2013 2:36am Dec 11, 2013 2:36am
xlitang,

Please can you help those of us intending to open live accounts with this inquiry:

Which account type would BEST suit trading with either the PromisedEA or FishNet EAs?

A FixedSpread, VariableSpread, or ECN Micro account?

I ask because demo trading and live trading are different in that with demo trading it is ASSUMED that whatever price you are asking will get filled - whereas in Live trading, that may not be the case right?

Thanks in anticipation,

Ty
My job: I speculate and manage risk.
  • #458
  • Dec 11, 2013 4:31am Dec 11, 2013 4:31am
Quoting xlitang
{quote} This bug has been fixed in the upcoming live version. It is a great feature to avoid news spike trading. Follow me to the Promised Land.
the grid or range size can be optimized from different pair. For instance, EURJPY cross shoul have bigger grid than EURUSD.
  • #459
  • Dec 11, 2013 4:39am Dec 11, 2013 4:39am
I do not know what is micro account and I do not want to look at it.

The standart account that I use is 1pip = $10. It means 0.01lot = $0.10 /pip.

I started to test PromisedEA V2.0 on Dec. 6. I got 44% drawdown on Monday!
https://www.myfxbook.com/portfolio/p...-ea-v20/773841
  • #460
  • Dec 11, 2013 6:32am Dec 11, 2013 6:32am
Quoting TyLamai
Hey People - A little Update from me: I have decided to run the FishNetEA on two separate brokers with varying starting balances just to see how things shake up. Also, I have placed the PromisedEA on an old mt4 demo account which I opened with $1000 with the balance now @ about $628 (an almost 30%+ loss!). The idea is to see how well the PromisedEA works as a recovery agent. Therefore, below are my new myfxbook links: FishNetEA 1 : http://www.myfxbook.com/members/TyLa...tea-hft/773870 FishNetEA 2 : http://www.myfxbook.com/members/TyLa...tea-hft/777165...
Slight error in URL above - it should read thus:

FishNetEA 1 :
http://www.myfxbook.com/members/TyLa...tea-hft/777728

The remaining are correct.

Ty
My job: I speculate and manage risk.
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