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Another $100 Experiment

  • #41
  • Jun 29, 2015 9:31am Jun 29, 2015 9:31am
Quoting broketrader
{quote} Your suggestion went around in my head and remembered me that my broker also offers those cent accounts. So I'm giving it a try but with different EA parameters and capitalization. This could even be a turning point, we will see. The account is running since one week with good results but for the time being I have decided to keep the explorer private and not post until the day I beat my previous score. Sometimes I'm so focused in perfecting my code that I forget that other paths are there to be explored as well. Thank you David for illuminating...


You're welcome BT!

I look forward to seeing how You do
  • #42
  • Aug 30, 2015 3:49am Aug 30, 2015 3:49am
Time to continue with this experiment…

In fact, I never really stopped (except during holidays) and since the last crash, after studying the flight recorder data, a lot of work has been done to improve the EA and make it safer.

All the code has been reviewed and refactored. I suddenly realized that I often write good code for others here and there and neglect what I do for myself. This time, I took the time to write really very good code just for me.

The code has been reorganized as three different object templates that are independent from each other and interconnectable. Money Management, Trade Management, and Signal Provider. Thanks to this structure I could create several different Signal Providers and connect them to the best suited Trade and Money Management object.

At the end, I ended with an EA that has 1 Money Manager, 3 Trade Managers and 8 Signal Providers. This is the beauty of OOP, the result is like having 8 EAs running at the same time.

The EA works well in backtest and live, it’s is profitable but it’s still too early to say if it will be safe in the long run. Only time will respond to this and will let me adjust for the right risk.

Regarding the account, I moved to a cent account in order to have more margin power. This was thanks to the advice of Mr Magic.

I also cleaned up my mind and decided for a very clear plan that doesn't ruins me personally and which at the same time, allows me to continue the venture. It is, crash or no crash, to deposit $100, let's say, each month but that could be every 2 weeks or even every week, if I witness that the results are encouraging, until the deposits become insignificant compared to account balance or to what the EA is capable in weekly profit.

This is for Phase 1.

Phase 2 will be to move to a normal account once I have a significant balance to do it. I still have to fix my mind to determine the amount I will judge significant and safe enough to make that move.

But for the moment, I just have to be patient and let time do it’s job, let's start.

Last week stats.

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Simplicity is the Ultimate Sophistication.
  • #43
  • Aug 30, 2015 5:07am Aug 30, 2015 5:07am
Wow! Wonderful! I was just thinking about you last week and wondering when you would post again as it seemed to have been long enough for you to have had a new record. My guess is that if your EA made it through the crazy moves of last Monday (in the AUD, NZD, CAD & JPY pairs) then it will probably survive anything! I am very excited for you and will watch for more news. Congratulations on your success!
  • #44
  • Aug 30, 2015 5:50am Aug 30, 2015 5:50am
Oh... just for those interested, here is an update on the MindyEA... As you remember, I am setting the EA for sell scenarios when the price has reached a over reactive high, or for a buy scenario when price has reached an over reactive low. It works GREAT except I have found that once the EA has picked up the STOP orders then it is best to remove the EA from the chart so that it (at that point) will no longer add any more LIMIT orders AND also at that point MAKE SURE that you have added some kind of profitable stop to the open limit orders - even if it is just a few pips on each. Also, at that time DELETE any remaining LIMIT orders from the orders list. The only time I have had problems is when I have left the EA running on the chart for too long (because what constitutes an over reactive price at one time (say 9am) may not still be a qualified over reactive price at noon). Also - if the price action starts to stall (for more thn an hour or so), then it is best to just book off every profitable trade and put small limit profit targets on the trades that are still under water at that point.
  • #45
  • Aug 31, 2015 1:41am Aug 31, 2015 1:41am
Quoting mindyyost
Wow! Wonderful! I was just thinking about you last week and wondering when you would post again as it seemed to have been long enough for you to have had a new record. My guess is that if your EA made it through the crazy moves of last Monday (in the AUD, NZD, CAD & JPY pairs) then it will probably survive anything! I am very excited for you and will watch for more news. Congratulations on your success!
Hi Mindy, well, still no record beaten but in any case this EA is far better than the initial one so it should do it but will certainly need more time.

Phase 1 will be an important milestone, according to my tests, it will last at least 1 year and it's only the day I complete phase 2, if that ever happens, that I will say that this was a success. I'm at 15 trading days today, so you see, it's just the beginning...
Simplicity is the Ultimate Sophistication.
  • #46
  • Aug 31, 2015 3:28am Aug 31, 2015 3:28am
Quoting broketrader
Time to continue with this experiment {image}
Very impressive results! Keep up the good work.
Like the idea of a multi signals to move with the market.
Anything more you can tell us (without giving your edge away) I would be all ears!!
What's it all about? It's all about money.
  • #47
  • Aug 31, 2015 4:27am Aug 31, 2015 4:27am
Quoting Innate
{quote} Very impressive results! Keep up the good work. Like the idea of a multi signals to move with the market. Anything more you can tell us (without giving your edge away) I would be all ears!!
Hi Innate,

Thanks for the kind words and I don't want to minimize them, but for me, there is nothing impressive so far.

Here is how I personally qualify my EA results, and of course any others as well:

Profitable after:

0-3 months trading with 1k trades or more => Luck.

3-6 Months tradings with 2K trades or more => Potentially viable.

6-12 Months trading with 4K trades or more => Viable but needs confirmation.

12-24 Months trading with 8K trades or more => Confirmed Viable by demonstration.

24-36 Months trading with >15K trades or more => Completely Safe and Autonomous.


So you see, for the moment I'm in the "Luck" phase.

As for the details, I think that there are quite a lot already in my post #42
Simplicity is the Ultimate Sophistication.
  • #48
  • Aug 31, 2015 5:37am Aug 31, 2015 5:37am
Looking good bro. Awesome results. I like how you're very transparent with your explorer too
  • #49
  • Sep 2, 2015 2:30am Sep 2, 2015 2:30am
Quoting Dimi.A
Looking good bro. Awesome results. I like how you're very transparent with your explorer too
Hi Dimi,

Thanks for your kind words.

The explorer question is a matter of being honest with myself and to educate myself that I'm here to progress, not to show how good I am after two days of trading.

You know, you see so many people here claiming they are gods, they show their 200% result in 6 days and when they blow up, they disappear and hide everything. They are not honest with their followers, they are not honest with themselves.

I'm not here to prove anything and I don't even know if someday I will succeed, I just record what I do to progress myself and maybe give some education to some others for their benefit in exchange for some feedback that also benefits me. That's how I see the forums should work.
Simplicity is the Ultimate Sophistication.
  • #50
  • Sep 5, 2015 1:31am Sep 5, 2015 1:31am
Weekly Statistics.

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Number of trades record has been beaten after these 3 weeks of trading. And I'm half way to next target which is the number of days traded record which is at 44.
Simplicity is the Ultimate Sophistication.
  • #51
  • Edited 8:59am Sep 12, 2015 4:58am | Edited 8:59am
Wow! Difficult week for the EA to make any profit, at least the balance curve looks resilient even while losing almost 1K pips ! And that's a good sign.

This first half of week was without any direction, the second half with the euro trending a bit higher tends to indicate that there will be no rate hike at the next FOMC, but of course this is pure speculation from me. I just hope that the meeting will unlock the horses and trigger some new trend at least in the short term.

No time to make any deposit before this next FOMC which could very well transform in a black swan and blow the account in a matter of hours, but that's life and I have to go through it and see how the EA performs during that particular event.

Weekly Statistics.

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Edit:
From now on and as I have traded my first month I will also post the progress on my journey each additional month, as shown below by the first little light-green box. This is also to remind me that The path to success is long and that I have, I need and I must be patient and disciplined.

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Simplicity is the Ultimate Sophistication.
  • #52
  • Sep 17, 2015 2:56pm Sep 17, 2015 2:56pm
Wow I thought about these spectacular results for a moment but it seems like you just switched to a cents account. Means balance ~400. Don't get me wrong, it's still not bad for a start at 100. Also I saw your previous results and they ARE impressive. Unfortunately something seems to happen every time to reduce the balance to 0 in the blink of an eye. Hope you still succeed to make your million sir! Isn't that the target for all of us?
  • #53
  • Sep 17, 2015 3:46pm Sep 17, 2015 3:46pm
Quoting ExForX
Wow I thought about these spectacular results for a moment but it seems like you just switched to a cents account. Means balance ~400. Don't get me wrong, it's still not bad for a start at 100. Also I saw your previous results and they ARE impressive. Unfortunately something seems to happen every time to reduce the balance to 0 in the blink of an eye. Hope you still succeed to make your million sir! Isn't that the target for all of us?
At the end what counts is to have a plan and I have one...
At the end what counts is to follow your path and that's what I do...
At the end what counts is to do the best you can to progress, and eventually succeed...

Yes, I switched to a cent account and I'm proud of my previous errors as they helped me to progress and have a better EA today.

Some time ago a man that I like a lot said....

Brother, brother, brother,
There's far too many of you dying,
You know we have to find a way,
To bring some love here today...


Tonight I only want to say... Peace and Love to you all,

And so Even if the mountain Yellen gave birth to a mouse
Simplicity is the Ultimate Sophistication.
  • #54
  • Sep 18, 2015 4:12am Sep 18, 2015 4:12am
Quoting broketrader
{quote} At the end what counts is to have a plan and I have one... At the end what counts is to follow your path and that's what I do... At the end what counts is to do the best you can to progress, and eventually succeed... Yes, I switched to a cent account and I'm proud of my previous errors as they helped me to progress and have a better EA today. Some time ago a man that I like a lot said.... Brother, brother, brother, There's far too many of you dying, You know we have to find a way, To bring some love here today... Tonight I only want to say......
.

Hey !



How are You my Brother ?

"Peace and Love to you all" ~ I adore philosophy Sir !


Now I know it was my idea but I did not realise that a "Cent Account" would have the effect of changing what appears to be the "Balance and Equity" figures.

Do You know why it is doing this ?


In preparation to run a Live Account for one of my EA's on a "Cent Basis", I was considering Instaforex. How are You finding Roboforex as a Broker ?



Thank You in anticipation and here's wishing You a great day and week-end ahead !!

~ David

.
  • #55
  • Sep 18, 2015 4:37am Sep 18, 2015 4:37am
Quoting Forex Magic
{quote} . Hey ! How are You my Brother ? "Peace and Love to you all" ~ I adore philosophy Sir ! Now I know it was my idea but I did not realise that a "Cent Account" would have the effect of changing what appears to be the "Balance and Equity" figures. Do You know why it is doing this ? In preparation to run a Live Account for one of my EA's on a "Cent Basis", I was considering Instaforex. How are You finding Roboforex as a Broker ? Thank You in anticipation and here's wishing You a great day and week-end ahead !! ~ David .
Hi David,

Lol, yes "Peace and Love" should be a more used philosophy...

About the figures, I just figured out that it was normal as I never used that kind of account before. So I'm not more advanced than you on the subject.

I have been using Roboforex for some time before having this cent account with them and never went on any problem either in the standard account or on this one. EA and order execution is smooth and they offer a 1:1000 leverage account for an up to 2K balance which switches to 1:500 when you are over 2k and that's also important for my trading.

Thanks for your kind words, I hope that you are doing well too.
BT
Simplicity is the Ultimate Sophistication.
  • #56
  • Sep 18, 2015 4:47am Sep 18, 2015 4:47am
Quoting broketrader
{quote} Hi David, Lol, yes "Peace and Love" should be a more used philosophy... About the figures, I just figured out that it was normal as I never used that kind of account before. So I'm not more advanced than you on the subject. I have been using Roboforex for some time before having this cent account with them and never went on any problem either in the standard account or on this one. EA and order execution is smooth and they offer a 1:1000 leverage account for an up to 2K balance which switches to 1:500 when you are over 2k and that's also...


Forgive my confusion please

Allow me to rephrase my question so that I understand the situation.

So what is the reality of the True Starting Balance ?

$20k, $2k, $200 ??

( Puzzled ~ Haha )

~ David

.
  • #57
  • Sep 18, 2015 4:56am Sep 18, 2015 4:56am
Quoting Forex Magic
{quote} Forgive my confusion please Allow me to rephrase my question so that I understand the situation. So what is the reality of the True Starting Balance ? $20k, $2k, $200 ?? ( Puzzled ~ Haha ) ~ David .
No problem, and English is not my mother tongue, so sometimes I can also just misunderstand as well.

My starting balance is actually $200.

So when you deposit $100 on the account, they are shown in the account as $10K which is $100 x 100.
Simplicity is the Ultimate Sophistication.
  • #58
  • Sep 18, 2015 5:05am Sep 18, 2015 5:05am
Quoting broketrader
{quote} No problem, and English is not my mother tongue, so sometimes I can also just misunderstand as well. My starting balance is actually $200. So when you deposit $100 on the account, they are shown in the account as $10K which is $100 x 100.
.

I got it !!

Thank You for clarifying that for me BT

.
  • #59
  • Sep 18, 2015 5:14am Sep 18, 2015 5:14am
Quoting Forex Magic
{quote} . I got it !! Thank You for clarifying that for me BT .

My pleasure, if I can help...
Simplicity is the Ultimate Sophistication.
  • #60
  • Sep 19, 2015 2:00am Sep 19, 2015 2:00am
It Looks like my “no rate hike” call was correct, lol.

These last two weeks were quite difficult to trade, hopefully this Friday helped to limit a bit the losses for the week but we are coming back again into the 1.12-1.13 range and I don’t like that.

I also made two EA updates which had the effect of breaking the martingale cycle, that’s why in later trades it did not recovered to the previous maximum balance. So I have also to code the backup of all working parameters to be restored in case of an EA restart.

Too bad that the fed didn’t had the balls to raise the rates. I fear now that we will go back to uncertainty mode and again trade in ranges and rinse and repeat this shit as if this was the new normal. Anyway, now that the FOMC is gone, it’s time to add more weight to the balance sheet.

With a bit more of time I will be beyond my previous trade time record of 44 days and with nearly 500 trades, it will not be a problem to go beyond the 1K trades I have to accomplish if I ever go through these 3 month LUCK stage.

I now witness that the secret is to not risk the house from the very first trade in the cycle and also diversifying from a signal point of view. Having at certain times contradicting signals has the effect of cancelling the required margin.

On the EA side, I still have worked on it and added 2 additional signal providers without damaging the drawdown and the minimal margin, so these 2 additional signals come at no cost! As incredible as it sounds it was also a surprise for me. So the EA is now handling 10 different signals. I will continue trying to add additional signals as long as I can keep my current drawdown/margin metrics intact.

Weekly Figures:

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Simplicity is the Ultimate Sophistication.
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