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FxPapa Expert Advisor Discussion
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Member Since May 16, 2012 11 posts
farzadtahriri
Jul 05 2012 at 14:58
PlS if it possible deleted the GBP/USD trade from the robot , bqz mostly loss is bqz of trading in this currency. not suitable for this currency
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Member Since Jul 30, 2011 72 posts
gwrigh
Jul 05 2012 at 16:19
Comments seem worth considering about removing GBPUSD from the strategy. All 3 of the major drawdowns, Feb 7, May 16, and today, have been GBPUSD. It luckily recovered on Feb 7, and due to Canadian leverage glitch didn't take much of a hit on May 16, but today was a full size -194 pip loss. And yet FxPapa is still +315 pips on GBPUSD overall. It is just a concern that these SL's wipe out 4-6 weeks worth of profits.
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Member Since Dec 07, 2009 88 posts
forexrobotchallenge (robotchallenge)
Jul 05 2012 at 17:59
I am sure you always get the comments after a loss but here is another anyways. Good performance overall and I see some people would like to remove the gbpusd pair but consider another alternative. Why not just make them gbpusd trades ½ of eurusd size? This would allow the risk level on the account to stay the same with overall DD being reduced. In fact, users could then bump up risk and achieve the same level of DD that they currently have but with an improved performance. Thanks.
The future is here! |
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Member Since Dec 07, 2009 88 posts
forexrobotchallenge (robotchallenge)
Jul 05 2012 at 18:00
Custom analysis here on myfxbook.com shows something like 28% DD for gbpusd vs only 9% for eurusd so the above suggestion seems beneficial.
The future is here! |
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Member Since Jun 30, 2012 3 posts
MagAccount
Jul 05 2012 at 18:01
Hi Papa - Why did you allow this trade to happen this week with three major US and European News releases. I thought you said earlier that you dont allow the robot to trade around news time. I have two other ea(s) that dont trade around big news. The feauture is built into the bots and they dont trade around big news events. I think you should do the same. It would make the ea more profitable or just manually dont send signal to our slave ea(s) around news time. I dont think we should have to turn the ea on and off ourselves. I think you should do it for us so that the entire process can be no hassle for us. Just my 2 cents.
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Member Since Nov 23, 2010 48 posts
BigSteve
Jul 05 2012 at 19:49
robotchallenge posted: I am sure you always get the comments after a loss but here is another anyways. Good performance overall and I see some people would like to remove the gbpusd pair but consider another alternative. Why not just make them gbpusd trades ½ of eurusd size? This would allow the risk level on the account to stay the same with overall DD being reduced. In fact, users could then bump up risk and achieve the same level of DD that they currently have but with an improved performance. Thanks. This is a very notable suggestion by robotchallenge I agree with a separate risk profile input for each of the two pairs. I would like to see a separate user control setting for each. |
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Member Since Jul 30, 2011 72 posts
gwrigh
Jul 05 2012 at 19:53
(edited Jul 05 2012 at 19:54 )
Just allow client to set which pairs and risk for each pair... It does only trade one pair at a time in a potential set of 3 trades, correct?
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Member Since Sep 23, 2011 78 posts
therebox
Jul 05 2012 at 19:58
Better than having the possibility of selecting risk for each pair would be having the possibility of selecting risk for GBPUSD-short, GBPUSD-long, EURUSD-short, EURUSD-long. Only GBPUSD-long is not profitable. GBPUSD-short is the most profitable of all. So why remove or reduce risk? I would add risk for each day. I bet Tuesdays are not profitable. GBPUSD is.
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Member Since Sep 23, 2011 78 posts
therebox
Jul 05 2012 at 19:59
Or split the EA in 2, one to each chart.
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Member Since Sep 29, 2010 181 posts
Dash (LKForex)
Jul 05 2012 at 20:36
the sad truth is 99% of all commercial EA are rubbish and this is looking to be one of them. the last 4 months has been breakeven:
http://www.myfxbook.com/members/ragency/fxpapa-demo/256142 Get Rich or Die Trying |
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