I never lose - either I win or I learn...
- #622
- Mar 25, 2016 4:03am Mar 25, 2016 4:03am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #625
- Mar 25, 2016 4:07am Mar 25, 2016 4:07am
I have two fixed lot demo's running @ 0.01 lot
First is EURGBP started yesterday around NY open
Second is EURUSD started a bit later at NY open +2 hours
Reports are including currently open trades.
It looks fine at the moment, no staggering amounts won but slowly climbing the hill, just the way i like it.
First is EURGBP started yesterday around NY open
Second is EURUSD started a bit later at NY open +2 hours
Reports are including currently open trades.
It looks fine at the moment, no staggering amounts won but slowly climbing the hill, just the way i like it.
Persistence will get it. Consistency will keep it.
Here is what I have done since last night.
I have started a demo account with $10,000, using 3 circular pairs. The EA's have been running less than 12 hrs, all Asian session for now.
EURUSD, Buy Only, Magic 227
EURJPY, Sell only, Magic 227
USDJPY, Buy only, Magic 227
Than just the opposite
EURUSD, Sell only, Magic 240
EURJPY, Buy Only, Magic 240
USDJPY, Sell Only, Magic 240
So I have 6 charts open and running 6 instances of the regmon78 EA, the first version.
The settings are same on all 6 pairs.
Grid 50 (5 pips)
Lots 0.02
Take profit 1.0
Disregard the first 13 trades. They were different pairs when I first started trying this EA.
The only problem I see is that, this morning I see that 5 of the 6 pairs were in profit (total floating was $8), and I know the logic of the EA wouldn't close them.
But in my opinion there has to be a logic of closing 2 pairs when there is a runaway profit maker...
I have started a demo account with $10,000, using 3 circular pairs. The EA's have been running less than 12 hrs, all Asian session for now.
EURUSD, Buy Only, Magic 227
EURJPY, Sell only, Magic 227
USDJPY, Buy only, Magic 227
Than just the opposite
EURUSD, Sell only, Magic 240
EURJPY, Buy Only, Magic 240
USDJPY, Sell Only, Magic 240
So I have 6 charts open and running 6 instances of the regmon78 EA, the first version.
The settings are same on all 6 pairs.
Grid 50 (5 pips)
Lots 0.02
Take profit 1.0
Disregard the first 13 trades. They were different pairs when I first started trying this EA.
The only problem I see is that, this morning I see that 5 of the 6 pairs were in profit (total floating was $8), and I know the logic of the EA wouldn't close them.
But in my opinion there has to be a logic of closing 2 pairs when there is a runaway profit maker...
- #636
- Mar 25, 2016 6:15am Mar 25, 2016 6:15am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
{quote} @profitfarmer I am curiously following your experiment as both of us are running $5k accounts with pretty "risky" parameters... It is to be seen which is more riskier: 0.1 lot with 3 pips steps OR 0.01 lot with 1 pip steps... Most likely we just hit a "lucky streak". The question is how long will it last. If it lasted long enough to produce 500% per month with 1 crash per month, well, then it is still +400 per month...
an accepted risk vs a worthy return can justify the means.
however, a few notes:
- I don't trade days like this, holiday and low liquidity. strongly believe neither the EA should, thus it is off till Monday here.
- If not all red news, but selected few really high impact the EA should be stopped from trading in advance as soon as current DD permits, but comfortably before the high impact news ( like NFP, FOMC). Note I believe not all so called red news created with same importance despite being categorized the same in calendar.
- I think for the sake to prepare to a more realistic trading condition ( sounds like a paradox for a demo, right?) I think the burnt in 30 ( 3 pip) slippage should be lowered, independent from the steps size.
- if the concept accepted that a blown account time to time come as usual occurrence, the lot size should be also time to time adjusted to reflect original risk parameters maybe...ie. if $5k starts with 0.1 lot, eventually, say at 50% gain the lot sizes should be upped to 0.15 lot, or alike, but not left to be 0.1.
- if lot size doesn't follow the same risk profile, maybe a periodic ( end-of-day, end-of-week) withdrawal/money transferring out from the account plan should be implemented to keep initial risk intact but secure the profit in case of doom.
- of course lowering risk like 0.1 to 0.01 while keeping the rest of the parameters and account size after concept in general proved means 10x reduced risk and 10x reduced profit, but might lead that stable workhorse with a solid return, in my posted results case it translate to 1.8-3.6% or average 0.5-1% a day...of course with correspondingly lower margin use and DD%.
there is always, always another trade!!
{quote} yes, my thoughts. an accepted risk vs a worthy return can justify the means.
Noteworthy recommendations. Thanks!
Many of these necessary recommendations cannot be programmed into the EA for backtesting purposes, so what is left is the tedious process of semi-automated forward testing...
For those who fancy the ongoing experimentation with the very first EA version (which is only partially consistent with the strategy outlined by @Remon) here is a brief summary of recent member recommendations:
1. Consider smaller TP (to get rid of toxic positions sooner). - @GoldTheHun
2. "Go to Investors.com and Identify Neutral Pair for today." - @Zigler
3. "If not all red news, but selected few really high impact the EA should be stopped from trading in advance as soon as current DD permits, but comfortably before the high impact news ( like NFP, FOMC)" - @ProfitFarmer
4. "Periodic ( end-of-day, end-of-week) withdrawal/money transferring out from the account plan should be implemented to keep initial risk intact but secure the profit in case of doom." - @ProfitFarmer
- #640
- Mar 25, 2016 6:36am Mar 25, 2016 6:36am
- Joined Jun 2012 | Status: Trader | 1,281 Posts
Here is the plan... Go to Investors.com and Identify Neutral Pair for today. Set EA on that pair and Set Equity Manager (I post earlier) to take profit at $300-$500 (Depends on your lot size) Close all trades when target hit and disable EA. Next day Rinse and repeat.. Just blindly running it 24/7 on the same pair you are asking for trouble especially with the Tight STEP... IMHO http://www.investing.com/quotes/stre...2%80%93-majors Click on Technical TAB look for Neutral Hourly/Daily At least do not apply on Strong Sell...
, in which folder goes your Equity Manager!?
I never lose - either I win or I learn...