Here is an example of recent trades that one of my accounts took using this EA. As you can see, trades are open for more than a day (unlike most arbitrage type trades) and profit is achieved with the overall basket of the 3 pairs traded in each case.
Attached Image (click to enlarge)
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Please post results if you are testing this. Let everyone know the broker you are using and how trades are doing. I've only tested on a limited set of brokers and FXCM so far has had the best results. I am USA based so I am limited on which brokers I can use. Good Trading everyone!
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Hi bestdarngood!
I have dowloaded Your free EA and test in on IC-market and FXCM demo account. It trades only 0,01 lots. What is the lotsize with the payed version?
For risksetting 30 and for risksetting 60?
Best wishes
Hi bestdarngood! I have dowloaded Your free EA and test in on IC-market and FXCM demo account. It trades only 0,01 lots. What is the lotsize with the payed version? For risksetting 30 and for risksetting 60? Best wishes
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Hi Elovv, the paid version can either be any lot size you want or using the Risk Setting and AutoLots, your overall trade size is 30% of the account when Risk = 30, and 60 is 60% of account margin in trade. Thanks for asking. If you have further questions, let me know.
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{quote} Hi Elovv, the paid version can either be any lot size you want or using the Risk Setting and AutoLots, your overall trade size is 30% of the account when Risk = 30, and 60 is 60% of account margin in trade. Thanks for asking. If you have further questions, let me know.
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Hi again
I ask for I want to know my possible profit/drawdown if I trade with the paid version. So which lotsize with autolots and risksetting 30 and 60 on a fxcm 1:50 leveraged account.
{quote} Hi again I ask for I want to know my possible profit/drawdown if I trade with the paid version. So which lotsize with autolots and risksetting 30 and 60 on a fxcm 1:50 leveraged account. Now with the free demo it will trade 0,01 lots. Best wishes
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At risk 30, you should see about a 6% Drawdown and at risk 60, about a 12% Drawdown based on testing and live results thus far. At Risk 30, you could expect an average monthly return of 2-5% and with Risk 60, an average monthly return of 4-10%. That corresponds to a 25% to 300% average yearly return.
The market can be unpredictable so anything is possible of course.
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Hi
Can I ask which FXCM server You use for demo? I dont know if it matter, but many FXCM demo servers dont have same spread on marketwatch and diagram. The charts on some of there MT4 servers are set up to display the raw FX spreads available to Standard accounts, while the charts on other MT4 servers are set up to display the all-inclusive spreads available to Mini accounts. So not same spread/price on marketwatch and charts.
Does EA use marketwatchprice or price on chart? If it use marketwatch the server dont matter.
Hi Can I ask which FXCM server You use for demo? I dont know if it matter, but many FXCM demo servers dont have same spread on marketwatch and diagram. The charts on some of there MT4 servers are set up to display the raw FX spreads available to Standard accounts, while the charts on other MT4 servers are set up to display the all-inclusive spreads available to Mini accounts. So not same spread/price on marketwatch and charts. Does EA use marketwatchprice or price on chart? If it use marketwatch...
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The program uses Tick Data directly, Why not test on on all demo servers by getting multiple demo accounts since they are free? Otherwise I suggest trying it live on a real account, only need $200 or so to trade with 0.01 lots with no issues, less depending on leverage settings.
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First trade on FXCM demo/real, nothing IC-market
2016.10.07 00.51:28 FXCM time, (2016.09.06 21.51:28 GMT)
Now the basket is open, balance + 0,39 USD, exakt the same on real/demo
The safety margin is 35 USD on my real FXCM account. I guess leverage is 1:50 on all FXCM standard account.
First trade on FXCM demo/real, nothing IC-market 2016.10.07 00.51:28 FXCM time, (2016.09.06 21.51:28 GMT) Now the basket is open, balance + 0,39 USD, exakt the same on real/demo The safety margin is 35 USD on my real FXCM account. I guess leverage is 1:50 on all FXCM standard account.
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Sounds good! And yes, leverage is 1:50 generally for FXCM because in the USA we can't get any higher leverage by US laws and regulations.
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Kind of a lackluster week for this EA, market has been a little odd and range bound so hopefully we shall see some movement next week to put this EA to work a little more. When anyone has some noteworthy trades, please feel free to post them.
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I highly recommend that everyone test this EA using the Free Version on multiple brokers on both demo/real accounts to see the potential of what it can do across multiple brokers as some brokers will provide better results than others. ECN brokers are preferred for running this EA. If everyone can share results of what they find, then you can help others determine the best brokers for this EA! FXCM is the recommended broker.
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First trade on FXCM demo/real, nothing IC-market 2016.10.07 00.51:28 FXCM time, (2016.09.06 21.51:28 GMT) Now the basket is open, balance + 0,39 USD, exakt the same on real/demo The safety margin is 35 USD on my real FXCM account. I guess leverage is 1:50 on all FXCM standard account.
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FXCM demo/real still open, basket now -1,5 USD
IC opened a basket 20161007 15:30 IC and FXCM time, 15:30 GMT now +1 USD
Will report result when basket is closed
{quote} FXCM demo/real still open, basket now -1,5 USD IC opened a basket 20161007 15:30 IC and FXCM time, 15:30 GMT now +1 USD Will report result when basket is closed
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Great, thanks for the update, much appreciated by myself and everyone else checking this thread. May I ask if they are Buy Sell Buy or Sell Buy Sell baskets?
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