Hi Traders,
I am receiving some emails and I am noticing some confusions on the best recommended usage of EG104
I just disclosing how I do using it on my live/real accounts, hope this clear thinks up a bit.
Default parameters values are the moderate mode. I always use defaults in my live accounts. When market is normal and not expecting big news releases, I do increase s_GridSizeFactor to 4 or 5, when news are expected I set it to 3 (default) or 2.
All other parameters stay as defaults.
Grid Factor is kind of aggressively, values greater than 5 are risky, below 4 are conservative.
Capital? I do recommend twice the lot value, example: if you want to set startLotQqty=0.01 on 100K contract size account, use 2K minimum per setup. For default parameters only. If you go aggressive reserve 3 or 4 times the capital, if you go conservative you may go with lower requirements.
Always reserve a setup for emergencies, in this case reserve 2k.
Hedging? OK, hedging by definition is having the same positions on both sides at the same time, long and short. Here when I referring to hedging is for the opening of the cycle. Before I did use a parameter to disable opening two opposite position at the same time trying to be compliant with FIFO rules. Definitely it is not possible to profit with this EA without hedging. For that reason I did hide the parameter. Now it is hedging by code.
Note that the EA waits a bit to open the opposite direction. it does not open opposite direction at the same time. Just observe that.
Now whith the pausing features introduced on release 035, 036 and the dynamic expansion, I am not filtering news any more. Now my EAs are running 24*7 days.
Once again, please use default parameters on live/real accounts. If you want to change them, you must demo for at least 3 months. Back test does not work with this EA.
any questions, please post.
thanks, bauta
I am receiving some emails and I am noticing some confusions on the best recommended usage of EG104
I just disclosing how I do using it on my live/real accounts, hope this clear thinks up a bit.
Default parameters values are the moderate mode. I always use defaults in my live accounts. When market is normal and not expecting big news releases, I do increase s_GridSizeFactor to 4 or 5, when news are expected I set it to 3 (default) or 2.
All other parameters stay as defaults.
Grid Factor is kind of aggressively, values greater than 5 are risky, below 4 are conservative.
Capital? I do recommend twice the lot value, example: if you want to set startLotQqty=0.01 on 100K contract size account, use 2K minimum per setup. For default parameters only. If you go aggressive reserve 3 or 4 times the capital, if you go conservative you may go with lower requirements.
Always reserve a setup for emergencies, in this case reserve 2k.
Hedging? OK, hedging by definition is having the same positions on both sides at the same time, long and short. Here when I referring to hedging is for the opening of the cycle. Before I did use a parameter to disable opening two opposite position at the same time trying to be compliant with FIFO rules. Definitely it is not possible to profit with this EA without hedging. For that reason I did hide the parameter. Now it is hedging by code.
Note that the EA waits a bit to open the opposite direction. it does not open opposite direction at the same time. Just observe that.
Now whith the pausing features introduced on release 035, 036 and the dynamic expansion, I am not filtering news any more. Now my EAs are running 24*7 days.
Once again, please use default parameters on live/real accounts. If you want to change them, you must demo for at least 3 months. Back test does not work with this EA.
any questions, please post.
thanks, bauta
3
Can somebody share a site file for a given pair and TF? Please be so kind help me. Thank You.