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This is what I'm up to right now with this EA...
My broker is VantageFX and I am operating MT4 using a virtual private server through VPSBlocks.
Leverage is 200:1
Trading all 7 pairs as outlined in POST 1 - EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF and NZDUSD
EA Settings: Same as bandicica in POST 84
The most interesting part so far has been understanding how the MultiLotsFactor rolls. With a setting of 2.0 the lot size doubles each step.
So a long trade opens at 0.01 lots and then carries on short for 30 points and the step value is hit and the EA opens another position, this time 0.02 lots. And so on it goes. Today I had 3 pairs that went to step 7, so the lot sizes went like this, 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64. As you can imagine after about step 4 the margin requirements really ramp up, if a trade carried on to steps 8, 9 or 10 or more the position size could make a small account size die or make usable margin pretty much useless.
You can see on the report it was a busy day of trading with some promising results.
Going forward I plan to concentrate of the MultiLotsFactor for a while.
I have also attached a template with my current settings etc. It contains the MGTCE Expert Adviser and a Spread Indicator (Also attached, just in case you need)
My broker is VantageFX and I am operating MT4 using a virtual private server through VPSBlocks.
Leverage is 200:1
Trading all 7 pairs as outlined in POST 1 - EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF and NZDUSD
EA Settings: Same as bandicica in POST 84
The most interesting part so far has been understanding how the MultiLotsFactor rolls. With a setting of 2.0 the lot size doubles each step.
So a long trade opens at 0.01 lots and then carries on short for 30 points and the step value is hit and the EA opens another position, this time 0.02 lots. And so on it goes. Today I had 3 pairs that went to step 7, so the lot sizes went like this, 0.01, 0.02, 0.04, 0.08, 0.16, 0.32, 0.64. As you can imagine after about step 4 the margin requirements really ramp up, if a trade carried on to steps 8, 9 or 10 or more the position size could make a small account size die or make usable margin pretty much useless.
You can see on the report it was a busy day of trading with some promising results.
Going forward I plan to concentrate of the MultiLotsFactor for a while.
I have also attached a template with my current settings etc. It contains the MGTCE Expert Adviser and a Spread Indicator (Also attached, just in case you need)
Too much agreement kills a chat.
I started this ea from 12/29, and it seems pretty good, thanks GoogleTrader for sharing and let us keeping tracking...
http://i30.photobucket.com/albums/c3...psccd67622.png
http://i30.photobucket.com/albums/c3...psccd67622.png
- #155
- Edited 1:02pm Jan 1, 2015 11:39am | Edited 1:02pm
- | Commercial User | Joined Jan 2015 | 968 Posts
I have been demo testing the strategy for the past 10 days. The initial results are pretty good, although the history is limited.
Looking at my and other forward testers' results, it seems that the strategy is working extremely well within the first few days after launching the EA, however, after that the results start to decline.
Which is understandable, as the real EDGE of this strategy is the "Community Trend Detection" feature.
In other words, all the very first trades - i.e. the ones opened after starting the EA - go with the "Community Trend" and work out perfectly.
On the other hand, if and when the "Community Trend" changes on some pairs (which will happen sooner or later), the EA is not flexible with this trend change - i.e. it keeps adding new trades against the "Community Trend" -, so the Floating DD emerges and the Balance-Equity Scissor opens up (as shown above).
My suggestions:
1. When the "Community Trend" changes all open trades against the "Community Trend" should be closed, so the EA could open new trades in the Trend Direction.
OR
2. Closing ALL trades at the end of the day and resetting/restarting the EA after all trades had been closed.
Looking at my and other forward testers' results, it seems that the strategy is working extremely well within the first few days after launching the EA, however, after that the results start to decline.
Which is understandable, as the real EDGE of this strategy is the "Community Trend Detection" feature.
In other words, all the very first trades - i.e. the ones opened after starting the EA - go with the "Community Trend" and work out perfectly.
On the other hand, if and when the "Community Trend" changes on some pairs (which will happen sooner or later), the EA is not flexible with this trend change - i.e. it keeps adding new trades against the "Community Trend" -, so the Floating DD emerges and the Balance-Equity Scissor opens up (as shown above).
My suggestions:
1. When the "Community Trend" changes all open trades against the "Community Trend" should be closed, so the EA could open new trades in the Trend Direction.
OR
2. Closing ALL trades at the end of the day and resetting/restarting the EA after all trades had been closed.
