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InsomiaFX Correlation Double Hedge EA

  • #61
  • Jul 27, 2013 4:27am Jul 27, 2013 4:27am
Quoting Pipologist
Mr. Gum, Understood you are trying to maximize profit here. However, by manually over-riding the EA you are defeating the purpose of the EA itself. Not everyone can arbitrarily manually intervene and know exactly when to do so. Your intervention may have been from experience, it also could have been luck. InsomniaFX has invested a lot of thought, energy and time into this concept which I and others find fascinating. By definition any correlation and any hedge trade requires and equal for equal (as much as possible) proxy instrument to trade against...

Please point out where I have claimed to over-ride trades manually to maximise profit. There is no profit to be made unless the pair with the net exposure goes in the right direction. I never said that my method was more profitable. I simply pointed out that with his 2 pair strategy was totally reliant on the AUDCAD rising and that it made more sense to place a single long trade on AUDCAD and that would be more profitable or incur .less losses.
Look at the attachment to his post#44 where he showed the results of his 2 pair concept and made $17,000.
What would have happened if he had simply opened the first 2 trades, Buy AUDJPY and Sell CADJPY, then just left them without the EA interfering? No, he wouldn't have made $17,000, if he had closed at the same time as the last 2 trades were closed, he would have made over $32,000. It is just simple maths to work that out!
Have you tried this EA yourself? I suggest that you do, then you will see that I am correct.
Imsomnia was very quick to point out how he made $17,000 on a $100,000 account, but refused to admit that the account was totally wiped out after another 2 days.
To be honest with you, I tried the EA and for a short time, I thought that there may be something to it because I could see how quickly the balance was shifting, but now I know that is because the spreads with Exness vary wildly.
You want to see how this EA wiped out a $100,000 account in just a few days?

Attached Image (click to enlarge)
Click to Enlarge Name: EA Trades.JPG Size: 201 KB


And it took only another 4 days to wipe out another $100,000.

A totally useless concept that is guaranteed to lose.
Please Do Not PM Me With Coding Enquiries
  • #62
  • Jul 27, 2013 6:30am Jul 27, 2013 6:30am
Quoting Gumrai
{quote} Please point out where I have claimed to over-ride trades manually to maximise profit. There is no profit to be made unless the pair with the net exposure goes in the right direction. .... What would have happened if he had simply opened the first 2 trades, Buy AUDJPY and Sell CADJPY, then just left them without the EA interfering?
"There is no profit to be made unless the pair with the net exposure goes in the right direction."

That's genius. When you develop an EA that does that does that without fail and with 100% certainty, I hope you'd be kind enough to post a thread about it here, because we'd all really be interested in it and we promise not to bash your thread either.

"What would have happened if he...just left them without the EA interfering?"
Apparently you already have the answer for that. By the way, I'm curious, do you have any suggestions as to what should be done to the EA to keep it from "interfering with itself" as you say? That would really be helpful and productive for the continuation of this thread.

You really have a way with words Mr. Gum.

BTW, keep in mind the typed word comes across quite differently from an intense face to face constructive debate.
  • #63
  • Edited 1:01pm Jul 27, 2013 7:14am | Edited 1:01pm
Quote
"There is no profit to be made unless the pair with the net exposure goes in the right direction."

That's genius. When you develop an EA that does that does that without fail and with 100% certainty, I hope you'd be kind enough to post a thread about it here, because we'd all really be interested in it and we promise not to bash your thread either.



Not Genius, simple logic and basic maths.
There was no bashing from me, just constructive comments.
As I have already said in my previous post, test this EA for yourself. Come back with your results and I will prove to you that you would have done better without the EA

Quote
"What would have happened if he...just left them without the EA interfering?"
Apparently you already have the answer for that. By the way, I'm curious, do you have any suggestions as to what should be done to the EA to keep it from "interfering with itself" as you say? That would really be helpful and productive for the continuation of this thread.

Yes, I already have the answer and I gave it in my last post. The EA cut profits by nearly 50% by entering and exiting trades during a profitable move.

Quote
BTW, keep in mind the typed word comes across quite differently from an intense face to face constructive debate.

One thing that i do agree with you. I came across as much more caustic than I intended in my earlier posts. But if I had been able to have a face to face with Imsomnia, I would have been able to prove to him that his concept had no value. Unless of course, he slunk away because he was unable to explain how his EA blew a $100,000 account. That is exactly what he has done here in this thread, slunk away.
Please Do Not PM Me With Coding Enquiries
  • #64
  • Edited 10:13am Jul 27, 2013 9:50am | Edited 10:13am
Quoting Gumrai
{quote} Come back with your results and I will prove to you that you would have done better without the EA
Man, you must be an awesome trader. You can trade better without an EA that someone is in the process of developing. Good job, man!

Quoting Gumrai
{quote} One thing that i do agree with you. I came across as much more caustic than I intended in my earlier posts.
That has got to be the understatement of the year. Not sure how anyone could get much more "caustic". Profane and insulting maybe, but not caustic.

Quoting Gumrai
{quote} Unless of course, he slunk away because he was unable to explain how his EA blew a $100,00 account. That is exactly what he has done here in this thread, slunk away.
Wonderful, because you are such an insightful trader that can see through his EA, you've denied him the opportunity or pleasure of interacting with others who may share a similar interest, goal or vision of improving upon a trading concept, let alone allowing for meaningful discussion. By proving "how right you are" and proving to yourself "what a terrible EA he's developed" you've alienated not only the creator of this thread but anyone else who may be interested in development of the EA or topic. If you read through his posts here on FF, if I'm not mistaken he's a rare breed of contributor who has investors. I for one would rather listen to a trading discussion with someone of that caliber and one with a verifiable degree of programming capability than one who insists on the correctness of his observations.
  • #65
  • Jul 27, 2013 1:41pm Jul 27, 2013 1:41pm
Quote
Man, you must be an awesome trader. You can trade better without an EA that someone is in the process of developing. Good job, man!

That is not what I said. I have already proved that the block of trades in post#44 would have been twice as profitable if the 2 trades were simply left to run instead of exiting and re-entering.

Quote
That has got to be the understatement of the year. Not sure how anyone could get much more "caustic". Profane and insulting maybe, but not causti

Kindly show me where I have used profanity or been insulting.

Quote
Wonderful, because you are such an insightful trader that can see through his EA, you've denied him the opportunity or pleasure of interacting with others who may share a similar interest, goal or vision of improving upon a trading concept, let alone allowing for meaningful discussion. By proving "how right you are" and proving to yourself "what a terrible EA he's developed" you've alienated not only the creator of this thread but anyone else who may be interested in development of the EA or topic. If you read through his posts here on FF, if...

I denied him nothing, he chose to abandon this thread, I didn't force him. In fact I offered to take no further part.
Please Do Not PM Me With Coding Enquiries
  • #66
  • Nov 21, 2014 3:39am Nov 21, 2014 3:39am
Quoting Gumrai
{quote} That is not what I said. I have already proved that the block of trades in post#44 would have been twice as profitable if the 2 trades were simply left to run instead of exiting and re-entering. {quote} Kindly show me where I have used profanity or been insulting. {quote} I denied him nothing, he chose to abandon this thread, I didn't force him. In fact I offered to take no further part.
You should have left him do his thing not question him why you do this. He opens this thread to share his knowledge and possibly ask for help what we could to avoid the ea from losing. I think you just came here to ask "WHY YOU CLOSED THE ACCOUNT!!! its like your asking a child why did you do such a bad thing !! next time JUST SHUT YOUR MOUTH AND LISTEN WHAT THE GUYS IS TRYING TO PRESENT
  • #67
  • Last Post: Nov 21, 2014 3:52am Nov 21, 2014 3:52am
One and a half year ago....
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