Dollar Cost Averaging EA (>50% profit/month <8% drawdown) | Forex Factory

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Dollar Cost Averaging EA (>50% profit/month <8% drawdown)

  • #1
  • First Post: Edited Mar 5, 2016 5:24am Mar 3, 2016 11:49am | Edited Mar 5, 2016 5:24am
Hi guys,

I'm providing Signal Service and PAMM account management. Its a fully automated trading system, which trades based on Dollar Cost Averaging Strategy. It trades on EURUSD and provides a stable average return of 30% - 50% per month with an historical peak to valley drawdown of 8%, which is extremely rare in the forex industry.

You can check my trade explorer on the performance, alternatively, please see my performance as per below:
https://www.myfxbook.com/members/adl...trades/1516959

https://www.mql5.com/en/signals/166663 - subscription only $20, min capital $1,000

http://alpari.com/en/investor/pamm/357458/ - This is newly created account, recommended min investment $100. Success fee is 30%. I'm also paying partner of 33% of success fee. If i got $300, partner will be getting $100.

http://bujangsenangfx.blogspot.my/ - For more information, please visit the blog.

I would like to keep this thread alive, so, if you have any question, you can reply to this thread.

Cheers
adleee84

Update: Some traders said that this strategy will blow up the account. So, as a risk management, i have put a 20% stop loss on the EA. Reason being is because, the maximal drawdown for is 8%, so, i will close all trade once it reached 20% of balance. I dont want to risk all the money invested as I can make profit on the next day. As long as I could achieve >50% monthly profit, I could cover up my loses.
  • #2
  • Mar 3, 2016 5:23pm Mar 3, 2016 5:23pm
The Myfxbook link doesn't work. Please check it...
  • #3
  • Mar 3, 2016 7:57pm Mar 3, 2016 7:57pm
Quoting kiralytommy
The Myfxbook link doesn't work. Please check it...
Hi, thank you. I have fixed the link, please check again
  • #4
  • Mar 3, 2016 8:50pm Mar 3, 2016 8:50pm
Well, another MARTINGALE strategy with 3 weeks(!) history on a DEMO account (since it is unverified, it is a DEMO until proven otherwise)...

Lets see how long will it last... (before it crashes and burns)
  • #5
  • Mar 3, 2016 9:05pm Mar 3, 2016 9:05pm
Quoting MasterGuru
Well, another MARTINGALE strategy with 3 weeks(!) history on a DEMO account (since it is unverified, it is a DEMO until proven otherwise)... Lets see how long will it last... (before it crashes and burns)
Hi,

So far, max drawdown is 8%, so , i have put a stop loss of 20%. Why should i risk all my capital, i can make profit on another day.
  • #6
  • Edited 9:37pm Mar 3, 2016 9:26pm | Edited 9:37pm
Quoting MasterGuru
Well, another MARTINGALE strategy with 3 weeks(!) history on a DEMO account (since it is unverified, it is a DEMO until proven otherwise)... Lets see how long will it last... (before it crashes and burns)
Myfxbook verification is complicated nowdays. I will work on verification soonest possible.
  • #7
  • Edited 10:06am Mar 7, 2016 9:29am | Edited 10:06am
Hi guys,
I received questions by PM. below are the questions and answers:

Quote
Hi Adli,
I am interested in subscribing to your signal. I would be very appreciative if you could answer a few questions for me:
1. What is the maximum open equity drawdown when you would close all the trades?
I know this is a martingale EA, but I just want to make sure that it can trade for a long time. I would rather you take losses along the way and make them back rather than get into very large drawdown where it will only take one time to lose all the money.
My max drawdown is 8%, my stoploss is 20%. I have the same thinking as you.

Quote
2. Can this strategy blow up my account? or is there some kind of risk parameters in place?
I can provide you an equity protection EA if you are not already using one. This EA will make sure to close all open trades at a very specific dollar loss or percentage loss. I will give it to you for free. Again I just want to make sure that this partnership can last for a long time and the best way to do that is to protect the capital on account.
Hi, if we are taking about its strategy itself, yes it could blow your account. But, i have put stop loss of 20% of the balance to save my capital. Why should i risk all my capital, i can make profit another day.

Quote
3. Do you take into account news releases when making trade decisions; things such a non farm payrolls? Meaning do you keep trades open during high impact news?
I find that a news filter where you don't allow trades to open close to high impact news not only reduces the drawdown, but also can increase the profit as it makes it much easier to get out of grids.
I dont trade news as it is very dangerous, my trade will open from 18.00 - 6.00 GMT.

Quote
4. Will you close all open trades at 6:00 GMT even if there open trades are in loss?
Nope, I will not. i will wait until trades are closed with TP. I still have 2 hours to close all trades before london market is open.

Quote
Any other information about the strategy would be appreciated.
Thanks so much for the information.

I am glade to answer your question. Let me know if you have any.

Cheers
Adli
  • #8
  • Mar 7, 2016 1:45pm Mar 7, 2016 1:45pm
Would you have some backtest results?
  • #9
  • Mar 7, 2016 2:22pm Mar 7, 2016 2:22pm
Quoting MasterGuru
Would you have some backtest results?
Unfortunately, backtest didnt work well as the strategy will blow the account. Thats why i put 20% stoploss, i cant test it as i need to refresh the EA after stop loss.
  • #10
  • Mar 7, 2016 2:38pm Mar 7, 2016 2:38pm
Quoting adleee84
{quote} Unfortunately, backtest didnt work well as the strategy will blow the account. Thats why i put 20% stoploss, i cant test it as i need to refresh the EA after stop loss.
Could you reprogram the EA with a -20% SL and with a reset/restart after SL?

If you could, then a repeat backtest would be a very valuable tool to assess max. DD risk.
  • #11
  • Mar 7, 2016 2:52pm Mar 7, 2016 2:52pm
Quoting MasterGuru
{quote} Could you reprogram the EA with a -20% SL and with a reset/restart after SL? If you could, then a repeat backtest would be a very valuable tool to assess max. DD risk.
Im not a programmer, let me talk to my programmer on this. Thanks for the input.
  • #12
  • Last Post: Edited 9:40am Mar 9, 2016 9:20am | Edited 9:40am
Another question from PM.

Quote
Hi
found your signal by searching low drawdown ones with nice profit.
Yours seem perfect but it's young. Do you have your own policy for maximum drawdown afterwhich you close the trades?
This is manual or EA?

Hi, no one is perfect in forex, same goes to the signal. Maximum drawdown would be 20%, where i will close all trades in the event something goes wrong. this is automated signal by EA.

thank you for your questions.
Adli
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