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  • #2,061
  • Mar 10, 2015 7:55pm Mar 10, 2015 7:55pm
Quoting Contrax
I dont know why my matrix 1.0 is not doing more buy orders (only long). And then i have now a very big DD hahahaha. I already close and open again the mt4. {image} {image}

Show your settings
Solutions ONLY!!!
  • #2,062
  • Mar 10, 2015 8:02pm Mar 10, 2015 8:02pm
Quoting BillYon
{quote} Show your settings
There is..
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  • #2,063
  • Mar 10, 2015 8:04pm Mar 10, 2015 8:04pm
Quoting Contrax
I dont know why my matrix 1.0 is not doing more buy orders (only long). And then i have now a very big DD hahahaha. I already close and open again the mt4. {image} {image}


1.0 has a max positions set internally at 15
Solutions ONLY!!!
  • #2,064
  • Mar 10, 2015 8:12pm Mar 10, 2015 8:12pm
Quoting Contrax
I dont know why my matrix 1.0 is not doing more buy orders (only long). And then i have now a very big DD hahahaha. I already close and open again the mt4. {image} {image}


How many buy positions do you have opened? If 13-15 it will not pick up any more unless you cut a earlier position.

If you are trying to stay in that trade I would cut 1 or 2 positions on 1.0 so that it will pick up a trade in the current price...
Solutions ONLY!!!
  • #2,065
  • Mar 10, 2015 8:17pm Mar 10, 2015 8:17pm
Quoting BillYon
{quote} How many buy positions do you have opened? If 13-15 it will not pick up any more unless you cut a earlier position. If you are trying to stay in that trade I would cut 1 or 2 positions on 1.0 so that it will pick up a trade in the current price...

yes u are right... was 15 trades open.. and i cut and now it open a new buy. Lets see how ends that account. Hows going ur trades? still a lot of profits? I want to open a new acccount in the same vps and try other settings i want to trade it live asap but first demo.
  • #2,066
  • Mar 10, 2015 8:24pm Mar 10, 2015 8:24pm
Quoting Contrax
{quote} yes u are right... was 15 trades open.. and i cut and now it open a new buy. Lets see how ends that account. Hows going ur trades? still a lot of profits? I want to open a new acccount in the same vps and try other settings i want to trade it live asap but first demo.
I have many test and setting going. Right now we are looking at a max DD%

I would not go live at this point unless I was testing psychology (can my psyche take the max DD that worked in backtest). I not at that point yet. I tend to look for monthly results on initial investment.
Solutions ONLY!!!
  • #2,067
  • Mar 10, 2015 8:56pm Mar 10, 2015 8:56pm
Quoting BillYon
{quote} Depends on the lot size, setting and management. I'd have a 50% max risk on small accounts before closing all and continuing. 300-500$ per lot settings EUR/USD Trend 20 Lot 0.01 per 500 multi 1.0 step 2 TP 5 Trend 20 Lot 0.01 per 500 Multi 1.0 step 5 Tp 4 Short only Trend 20 Lot 0.01 Multi 1.0 Step 10 TP 10

This is ur settings right now? If yes wich is 1.0 and 1.1 ?
  • #2,068
  • Mar 10, 2015 10:33pm Mar 10, 2015 10:33pm
Quoting Contrax
{quote} This is ur settings right now? If yes wich is 1.0 and 1.1 ?

All those are 1.1 only
Solutions ONLY!!!
  • #2,069
  • Mar 11, 2015 2:01am Mar 11, 2015 2:01am
Hi every one.
This is my result, 10% DD, im trading only AUDUSD. 800 profit so far. not bad.
Im using 1.1 , 0.1 lot to start , 1.5 multiplier and autostep.
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  • #2,070
  • Mar 11, 2015 2:50am Mar 11, 2015 2:50am
all going good so far ?????????????????????

 

  1. Trader:
  2. Broker:
  3. Type:

  1. Balance:
  2. Unrealized:
  3. Equity:

  1. ellenbrook
  2. FxPro
  3. Demo

  1. $4,501
  2. -$43
  3. $4,458

Performance Return Profit Pips Entr/Exit Lots
Today (Wed)4.9%$21016733/273.05

  • #2,071
  • Edited 11:13am Mar 11, 2015 10:43am | Edited 11:13am
Quoting fxtrader1081
{quote} First, I have 2 settings groups. None of the max dds got hit except for the one where it was 0.01 lots per 0.5k so it's really up to your risk. The results do look like you said and that 0.01 per 0.5k is best with a max dd of 30% but for some 30% dd is too much. Also, I have noticed that while the 20% got hit twice on the higher risk, as far as I can tell it never got to 25% so I have moved the max dd on the higher risk to 25%. So I have 20/30 on lower risk and 25/30/40 on higher risk. At this point, I think it's too early to tell...
Thanks for your help. Regarding the Max DD, what I would like to see is a setting added to MGT CE 1.1 for the total number of trades allowed per pair, rather than rely on the fixed 15 limit it apparently has now (see earlier #post 2064 by BillYon). I would like to be able to limit this to a much lower number where the EA will close the first trade opened on the pair (i.e oldest or farthest from current price) in order to open a new trade as per existing rules. That way you sacrifice a small(er) amount and have the chance to recover the trade rather than lose all open trades when the max DD % is hit. Is this possible or are you aware of any separate EA that would achieve the same result?
  • #2,072
  • Mar 11, 2015 1:07pm Mar 11, 2015 1:07pm
Quoting Deltraderboy
{quote} Thanks for your help. Regarding the Max DD, what I would like to see is a setting added to MGT CE 1.1 for the total number of trades allowed per pair, rather than rely on the fixed 15 limit it apparently has now (see earlier #post 2064 by BillYon). I would like to be able to limit this to a much lower number where the EA will close the first trade opened on the pair (i.e oldest or farthest from current price) in order to open a new trade as per existing rules. That way you sacrifice a small(er) amount and have the chance to recover the trade...
That is not possible. This ea has no connection to the matrix ea. It is simply an ea that will close trades if a certain % loss has been reached. The only one who can do that is Google Trader because it's his ea and I will tell you that he won't do it because it's the previous version. The only thing I could imagine would be if the 1.0 ea automatically opens more orders if you manually some them then I could write an ea that would close orders but then there is another problem because I don't have the 1.0 matrix. The other problem is that I don't have an unlimited supply of time and I am quite busy these days.
  • #2,073
  • Mar 11, 2015 3:14pm Mar 11, 2015 3:14pm
Started using IC markets, seems it needs fast execution......

Started - 03/03/2015
Initial Equity - $5000
Profit - $1500
Pairs - EURUSD

Best Part I did not see any unrealized profit in this broker which is best part or you can say market is quiet trending

Past accounts all blew up using on $1000, $500 and 1 live account $100
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If you believe in yourself anything is possible !!
  • #2,074
  • Mar 11, 2015 4:56pm Mar 11, 2015 4:56pm
imifx, which settings you are using and which pairs?

Thanks and keep rocking!
  • #2,075
  • Mar 12, 2015 4:14am Mar 12, 2015 4:14am
my account just blew up. 0.01 on multi 1.5 false false on 5k...

http://www.myfxbook.com/members/tikku/bkul/1178555
  • #2,076
  • Mar 12, 2015 4:58am Mar 12, 2015 4:58am
Quoting tikku
my account just blew up. 0.01 on multi 1.5 false false on 5k... http://www.myfxbook.com/members/tikku/bkul/1178555
Show me your settings. And it has happened because trend has changed. We mentioned in the beginning of this thread that the biggest problem is changing of the trend.

Regards,
Karl
  • #2,077
  • Mar 12, 2015 6:07am Mar 12, 2015 6:07am
I have made a few updates to the maxdd ea and since I am now worried that I will be accused of thread hijacking, I have started a thread.

http://www.forexfactory.com/showthread.php?t=530641

If GoogleTrader things that it is good for the thread then I will come back here.
  • #2,078
  • Mar 12, 2015 6:18am Mar 12, 2015 6:18am
Yeah, I think we'll have a few blowups today.
  • #2,079
  • Mar 12, 2015 6:57am Mar 12, 2015 6:57am
Quoting GKarl
{quote} Show me your settings. And it has happened because trend has changed. We mentioned in the beginning of this thread that the biggest problem is changing of the trend. Regards, Karl
tp 5 step 2. any idea to prevent such a high dd on trend change? max drawdown ea wouldnt help if it closes all trades. internal trend must fit to real trend before any new trades are openend. otherwise we will have positions in the wrong direction of the market again.
  • #2,080
  • Mar 12, 2015 7:01am Mar 12, 2015 7:01am
20% DD is a NO GO! (Googletrader warn of this approach early on. Had to see for myself). Going to set my max at 50% DD but then I would only put small accounts on this method no more than 1K. I would not risk 50% on real money. What I would do is use this high risk model to enter contest and such. Hey maybe in a good run you could win some money.



I woke up to a disaster zone. Should have known after such a beautiful trading day yesterday...

Some test are on life support

Others made it through victoriously

Let us pray for the victims.

Let see if todays news finishes off the survivors...

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Solutions ONLY!!!
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