Tom'sEa WPFX LIVE (by TomsEaWPFXlive) Quick Stats
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Tom'sEa WPFX LIVE Discussion
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tradingshed

Member Since Nov 06, 2011  181 posts tradingshed Nov 21 2011 at 20:15

   flopps posted:
   craneliu ...... Thanks for the support. Let me be clear here. I realise the risks involved with a Martingale strategy, however I just don't believe in the value of a demo or small live account test. I'm testing this EA with the same initial deposit, same risk setting as the vendor on a a live account because I want results (good or bad) that I can use to accurately evaluate the EA.

Let me make it perfectly clear to all those reading this post..... never test/invest a system with money you cant afford to loose!!!!


Flopps, you state above that you do not believe in testing EAs on demo accounts. Can I ask you why?
In manual trading I would agree with you as you eliminate the 'money on the table' element when you take decisions and the emotions involved are too different to compare. However, I would have thought with automated trading, the EA does not differentiate between a live or demo account and I personally would think its ok to test on a demo.

Am I missing something?

Thanks

fughe

Member Since Jan 31, 2011  693 posts Antny (fughe) Nov 21 2011 at 20:41

   tradingshed posted:
   It would appear to me I have to divide by 40 (or with a 10k account, by 20).

Perhaps I am not getting it but I fail to see how an EA like this, which keeps moving the TP closer to current price, is able to hedge, takes profits quickly and trades minuscule sizes can blow your account, provided it is regularly monitored , there is enough capital, runs 24/5 and strict rules are set. Personally, I do not use Martingale strategies in manual trading, but my sizes are bigger there. Could not possibly do that. In automation though it seems reasonable to me.

Thanks



I believe the multiplier difference is due to your account sizing. My guess your account is either $1000 or $10,000. My account on the other hand is $40,000. That would account for your 40x instead of 10x. I should have noted that an extra multiplier or divider should have been added to account for the equity in a persons account. As a matter of fact, since i killed the EURJPY trades last week...I went and looked at my account to get an update. From 11-16, until today, my account has already added $5,000. So in one week, I have gained 20%.

This is why I am warning everyone. The version I have running is the version(v1.87) before they officially started selling the EA(v1.88). It was a marketing tactic. It wasn't me that programmed the EA to have a dangerously high risk and then changed it to a reasonable amount AFTER people had paid for it. They were fudging the numbers. This is why i do not trust them. And it isn't like they didn't know what they were doing, because there are a lot of people who saw it.

Make losses, but always come out a winner at the end.
flopps

Member Since Apr 22, 2011  42 posts flopps Nov 22 2011 at 02:53
tradingshed.... Sorry i should have made myself clearer regarding Demo. I used this EA in a Demo for the 2 week trial. What I meant by my statement is that for a long term evaluation of a EA 'Robot', I believe it needs a live account. The only reason I chose a starting balance of 10K, was because I wanted to use the same settings/pairs etc as the developers account. The problem with Demo is that there is no slippage, no re-quotes and no spread variation. Now with this particular EA that probably doesn't matter so much, however I'm just looking for the most accurate evaluation. I still have 1.3 months left before can get a refund, so will just wait and see how it goes. So far so good.

lobotomy8

Member Since Sep 14, 2011  140 posts lobotomy8 Nov 22 2011 at 05:42

   flopps posted:
   tradingshed.... Sorry i should have made myself clearer regarding Demo. I used this EA in a Demo for the 2 week trial. What I meant by my statement is that for a long term evaluation of a EA 'Robot', I believe it needs a live account. The only reason I chose a starting balance of 10K, was because I wanted to use the same settings/pairs etc as the developers account. The problem with Demo is that there is no slippage, no re-quotes and no spread variation. Now with this particular EA that probably doesn't matter so much, however I'm just looking for the most accurate evaluation. I still have 1.3 months left before can get a refund, so will just wait and see how it goes. So far so good.


The problems like slippage, requotes etc don't appply here. This EA is not a HFT bot, either scalper

tradingshed

Member Since Nov 06, 2011  181 posts tradingshed Nov 22 2011 at 08:57
Hi all, can I ask if anyone has had experience in changing risk levels on a pair with open trades and how were they managed?

Thanks

tradingshed

Member Since Nov 06, 2011  181 posts tradingshed Nov 23 2011 at 23:06
HI, if anyone is interested, I attach the results of my Tradency mirror account. It would appear to be worse than the EA.

all 6 pairs
Risk 1
10k start

Attachments:

tradingshed

Member Since Nov 06, 2011  181 posts tradingshed Nov 23 2011 at 23:07
sorry, 5k start

craneliu

Member Since Nov 06, 2011  164 posts craneliu Nov 24 2011 at 02:04
hi Tradingshed, you are overtrading.
5K start capital, only can trade risk level 2. that means one pair EUR/USD with Risk level 2 or one paiy EUR/USD with risk level 1 and one pair GBP/USD with risk level 1.

craneliu

Member Since Nov 06, 2011  164 posts craneliu Nov 24 2011 at 02:10 (edited Nov 24 2011 at 02:11 )
Dear all Fellows,

by now, there are some trading resulst available. so far the performance is positive.
but considering the high risk potential for this strategy and TOM does not want to disclose more about the strategy, shall ourselves do some analysis based on trade open and close price, and trade step (0.02 lots, 0.06 lots, 0.09 lots, 0.18 lots, 0.24 lots for example in FLopps trading record). then we may have the basic idea how much real risk is for us to use this EA.

we should make the decision within next 1 and half months before the deadline for the refund.

tradingshed

Member Since Nov 06, 2011  181 posts tradingshed Nov 24 2011 at 06:56
Craneliu, I am aware of that. It is a demo account, not live. Having said that, I am heavy also on my live account!

I also have a demo on here running the EA with 10k, 7pairs, all running on level 3 (RL21) for maximum worse case scenario.

I have now moved the Tradency account (DEMO) to all pairs on level 2. (RL12)

will post.

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Trade Balance (4h 7min)
Energy Stocks: Citi raises expectations ...(16 min ago)
EURUSD 1.29121 GBPUSD 1.64538
USDJPY 108.784 USDCAD 1.09444
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