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FxPapa Expert Advisor Discussion
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Member Since Nov 26, 2011 115 posts
FxPapa (FxPapa)
Feb 03 at 17:43
zion posted: FXPapa, In addition to that equity stop loss, it seems that there is another form of stop loss. For example, why the last negative result was equivalent to 3.68% of the equity instead 10%? I would like to understand please. Regards. Hi When there is 2 open positions like that you are talking about, the EA close 2 positions when the total net profit be 10 pips. If you review the history you can see that the EA has closed the 2 positions in the same time, first one on +36.5 pips and the second one on -24.7 pips. Regards http://www.fxpapa.com |
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Member Since May 24, 2010 87 posts
Jarora
Feb 03 at 18:35
FxPapa posted: Dear Jarora We have used IBFX AU Real Tick Data for the back test. It misses some months. We will publish new back tests soon on our website. Thanks for your attention. Regards The vendor answers only what suits him and is not unable to meet what he promised. www.bestforexea.eu |
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Member Since Jul 30, 2011 66 posts
gwrigh
Feb 03 at 21:43
fxpapa, since it does not open trades with hard SL, can you give us some idea how far in the negative it is willing to ride on a given trade? Is it grid? The only EA's I've seen with an equity curve like this are grid, and they always crash eventually. Can you give us some assurance that this isn't going to crash by explaining a little bit of the strategy? Thanks.
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Member Since Jul 30, 2011 66 posts
gwrigh
Feb 03 at 22:04
In other words, what is the safety net for this EA to protect profits and prevent blowing the account? I'm asking because it is not using hard SL/TP, which makes traders like me very nervous. Thanks.
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Member Since May 31, 2011 26 posts
Rogelio Vela (roger11)
Feb 03 at 23:47
the results are excellent.
i don't see why many people complaint about it. is anyone else running fxpapa on a demo or live accounts? so then i can compare. |
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Member Since Jul 30, 2011 66 posts
gwrigh
Feb 04 at 21:25
Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.
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Member Since Jul 09, 2011 19 posts
zion
Feb 04 at 21:55
gwrigh posted: Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies. I agree! |
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Member Since Nov 26, 2011 115 posts
FxPapa (FxPapa)
Feb 04 at 21:59
gwrigh posted: Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies. Dear Qwrigh FxPapa EA uses equity stop loss. Default value is 10 which means the EA would close the positions if the total loss be more than 10% of the account balance. The EA may open up to 3 positions at the same time. In this test we have used 15% risk. Best Regards http://www.fxpapa.com |
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Member Since Jul 24, 2011 87 posts
Alec
Feb 05 at 22:24
Default: 10% risk
Backtest: 30% risk Live forward test: 15%. If only there were backtests for 10, 15 and 30% risk of at least 5 years... |
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Member Since Oct 15, 2011 48 posts
phil (phil)
Feb 05 at 22:32
I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.
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