Entophy(ish) Automated

Overall...I can't say that I am unhappy with the week on the MyEnt Mods.

Really, for the size of DD with 6 pairs trading and a lambasting NFP to bitch slap the USD pairs, some into profit, some into DD, the picture doesn't look terrible.

This too goes to say that I really don't recommend trading NFP and given the style of the EAs, still maintain that Wednesday and Fridays are days that you should be sitting on your hands, not gambling with Cost Averaging.

But hey...seems to have worked out.

Additionally speaking...I am not one much for weekend holds and if were on live accounts, would have closed all open trades before market close...in the case of this week, MyEnt2 would be left with a buck forty five or a comfy 9.7% net gain - 1700(ish) pips. MyEnt3 slamming that with an increased profit of an additional fiftyish in cash a whopping 4% take over MyEnt2 and some 600ish pips.

SHAZAM!!

Now that I've had a chance to review the code and logic as applied to live trade market, I've made a few adjustments. MyEnt2 seemingly closed out a little premature on some trades giving the upper hand to 3. There were a couple of issues with MyEnt3 so have taken a couple of ideas, slammed them together and put it into a Version 201 for testing this week.

Similar in trading styles, I have also put together a Daily Trend Guppyesque trader that will be running side by to see how the pair will compete/compare.

I am still mucking around with the licensing of these bitches and once I can confirm that it actually works, will be looking at releasing a Public Trial Version.

Looking forward to another stellar week.

What's the point of having trial indis?
If an indi or ea is bad, it will end up in a forgoten thread anyway.. If it's good, you collect the data from those who have tested and make for yourself a improved version while your testers are waiting for next update which may or may not come.
Unfortunately there are foolish testers who do the hard wok for someone like you, give you feedback on something that they will not be able to use in the future as it was a trial.

Really?

Everybody is going to help provide stats?

Here's the current stats.

Over 500 have downloaded MyENT.
Close to 50 of these have downloaded it to test either on back or forward test since Friday.
I have one guy that has a Trade Explorer posted...
MyENT expired YESTERDAY, which means it won't take anymore live trades...

But how many people actually read that?

As for the stats of the EA and idea...
For 2 consecutive weeks and only one little change to what would be the Beltline settings, this EA would have produced 10%/week trading 6 pairs with no more than an 11% draw down on a $1500 account, running round the clock as a set and forget.

That works out to be about $300.

But in 2 weeks...how much participation do I have?

How do I even know if anybody else is even working with it?

I don't.

So, the deal is like this. Moving forward, any versions released will be trial period and licensed. Much the same as in My HOUSE, in My Testing LAB...if you want to play, you must participate. The licensing means, I get to set the rules and if nobody wants to help, they don't get to benefit either.

Fuck em...

After this, for those that are interested, and can see the value, we will move on.

2 New Versions, 2 New Trade Explorers.

Will be working live with the Guppy!

Go Guppy!

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Magix: Good morning!

I just downloaded your EA, will start testing from London open.

Will report the results here!

Going to use Tradersway platform( demo).
With kind regards,
Rswamy

Thaks for this great EA, seems promising. I downloaded your mynet and have it ran on my mt4 but it does not open any trade neither on demo nor on live account, am I missing somethin?. I changed MA2 to 288 and sl to 1000 and lot to 0.1 on M5 timframe.

I am in the process of doing some final tweaks on code and making another version ready for testing.

The 2 versions I have running are private. ONLY.

MyEnt has got itself caught in a bit of a current DD on a daily reversal on EURUSD, but the Guppy seems to be handling the Price Action, fairly well...

Looking at the stats as per myfxbook, it is up 4.58% with a DD of .27%...

This only amounts to a whopping $68 bucks, but by end of week, what could this be? And what are the risks?

In working with Automation and really anything forex related, you have to be able to assign a reasonable risk to your reward. What if your reasonable risk was 10%...given that the current DD has only hit .27%, we could effectively have set the initial lot size to $5...50 fold...what would that look like for profit?

What if you only had $100 that you wanted to risk?

Sure the DD level would be a lot higher, but your net% gains on account would be a lot larger as well...and then, there is narrowing down your pair selection, perhaps even narrowing down the time of day traded to when you can actually keep an eye on your account.

You see...these and all other robots that you will find in public or commercial forums can really only be as good as the person in the driver seat. Setting $1 per pip on a $100 account will hand you your ass, in trend and in a matter of hours. Keeping inside of reasonable risk to reward, will allow you to not only keep that little account in profit, but can also allow you to learn a little from the trade idea, and perhaps spin it into your own logic for manual or automated trading, or just limit the risk and increase the rewards.

Seems like I'm kind of dangling a carrot here, doesn't it?

Truth is, I am. There is a good reason behind it and the licensing does play a large part of this role.

I could go into long explanations, or give this shit away at random...it really doesn't cost me anything but time...I could just run a free for all or another limited trial, but what do I actually get out that?

From my time at FF and my house, I will tell ya what I get.

A full PM box, a thread filled with worthless backtest bullshit, minimal actual data from others and their live testing and a lot of armchair quarterbacks telling me how shit needs to be done.

Well...I have chosen a specific methodology to play with...and am selecting a suitable testing method and in the very near future, will give you the opportunity to invest into your future.

No...I am not going to sell this...I have no want nor need to be a commercial member, but believe that we can all expand as a group and have a little impact on our collective future.

I am almost ready with a final release, may have both Guppy and MyEnt201 as options, but will definitely be sharing things in the near future. In my timeframe. With my parameters.

I hope you keep checking back in. Really, I'd hate for this to be another spoiled thread filled with the worthless diatribes and rants of the FF troll populous and even more so, would hate for you to miss out on an opportunity that may afford you one more kick at the cat, maybe just afford you the ability to live to fight one more day.

Will be seeing ya...real soon.

The Guppy has given up it's commanding lead with a retrace on EURUSD to help back fill the immediate trend change...

Funny how that works out?

Play trend and you get a chance to exit in profit...

Very happy with performance this week so far...won't FOMC be fun?

The Guppy is happy to be sitting out FOMC, where MyENT201 seems to have taken a bit of a headfake.

My Live account, well...I turned off the Guppy for FOMC, but nice to see that all would have been safe.

It would seem that FOMC was a walk in the park for MyEnt201 as well...

Hi Magix

First of all thank you for your work and that you share your work with us.

This my first post in FF.Com Forum and i hope i can help.

The Entropy (is) a currently running on my VPS with 28 Pairs with a baket mentality. The reason for this is to simply watch how the EA with the various pairs behave. At the moment i have completed 9 baskets with an insert of 0.01 lot and the basket size are 5-10 dollars in 2 days (Thursday Friday).
Exact information, I give you the end of next week with all details.

i have one question.
I tried your Myent ea bring on a VPS to run but they dont do any trades. i hope you can help.

Boker: IC Markets Demo ACC.
Settings: I've added a SetFile.
Timeframe: 5min
no any errors.
And the setting in the mt4 are all correct but the dont trade.

Thanks all and Regards

Heyaz Central4,

As in market, my threads can be very opportunistic in that timing is everything. Unfortunately, my work on the MyEnt trade will be coming to a close as I believe that developmentally, I am finished with this idea.

I do appreciate the offer to help and can tell you the reason for no trades taken with the MyEnt EA, in that it had a time limit that expired. The time limits on traders was to allow modifications to be made and risks to be minimized for those that haven't taken the time to read/understand the risks involved or the changes made. So, for the time being, MyEnt as a trader has seen it's final trades.

Now, that being said...
I do have 2 versions of the workings of MyEnt in the Trade Explorers posted in the thread and of these 2, believe Guppy to be the better of both. Though MyEnt201 has exceeded the profitability of Guppy, there is a lot more safety in the refined filtering of Guppy. Less risk, but less reward. Live to fight another day...

Guppy is being made available to Everybody, but is being done so in a limited way. I am actually Trading the EA for donations, but have it up for Auction in a commercial thread here at FF.

HERE.

If sells at auction, the end purchaser may decide to sell licenses or simply keep it for their own.
If doesn't sell auction style, I will issue licenses based on the same idea of an exchange of charitable donations.

Welcome to FF, glad you've taken the time to stop by.

I have provided a limited trial on Guppy before it goes to full activation.

SEE HERE.

very nice!!