Former MANAGED Account (by SunnyDays) Quick Stats
Gain: +41.61%
Drawdown: 12.33%
Pips: 1097.9
Trades: 571
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Automated

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Former MANAGED Account Discussion
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SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Nov 15 2010 at 08:29
This account is running my self-made EA, “YenMastX”, two years in the making (and still under minor development). I was going to run both my EA and Primeval 2.1 on this account and then separate the 2 EAs on the charts. I will do this IF I continue to run Primeval. But at this point I feel it may be better to just trade Primeval 2.2 on Primevala’s managed account and run my EA here. All profit growth at this point is from my EA.

It’s easy to tack my EA as I am running only Euro/Yen and latter will add Pound/Yen (two pairs that Primeval does not trade). So, in short, look for the separation of these two EAs in the future.

My trading privileges cannot be verified by ATC as they cannot (or will not?) allow this due to their servers being unnecessarily taxed as they claim. I don’t like it, but I do like the speed and dependability of execution with ATC, so this is the more important issue.

Cheers
Wayne

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Nov 18 2010 at 02:48
As of November 17 I am no longer running Primeval 2.1 on this account. I only ran it for about a week and actually lost about 70 dollars. I will try version 2.2 on Primeval’s managed account, but I do not have faith in this earlier version. So it is all my EA “YenMastX” from here on out.

My EA will prove the test of time as I have been developing and testing it for 2 years now. At the time of this post my drawdown is only 3.3% but as back testing and forward testing has showed me the drawdown will be around 15-20% which I consider acceptable. I can run on certain setting which will take the dd down to 10% but profit will be greatly reduced. I like the present settings.

Wayne

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
jprize

Member Since Apr 28, 2010  63 posts jprize Nov 26 2010 at 12:03
Looks good so far. Do you plan to sell the EA at some point?

SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Nov 30 2010 at 05:47
Thanks for your interest, Jprize,

Unfortunately I won't be selling my EA but I do plan to use it for account management once I establish my track record. I am also working on a couple of features that will add more profit, pinpointing spots in which to multiply my trade size for scalps in addition to the bigger profit targets. Gains are steady, but not being maximized like I believe they can.

Thanks again
Good luck trading
Wayne

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Dec 01 2010 at 19:20
Frustrating night. I have a 'breakout' feature that should have caught the move up in EuroYen. Checking my journal i see it did not work at all. I will have to get with my programmer and find the bug. I also cut the EA off 1 hour before ADP (ADP and NFP are the only times I will cut EA off as potential volatility is too high) my goal is to keep DD to a minimum. Shot myself in the foot today.

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 08 2010 at 12:46
Wayne,

That is a sexy graph, your efforts will make you rich :)

I wish you luck on getting clients, I have only been able to get them in person.

1 pip pip banked is worth more than the rest out in the market.
SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Dec 19 2010 at 08:24 (edited Dec 19 2010 at 08:25 )
Hey Damon,

Thanks for the complement. Let’s hope we can both keep are charts looking sexy in the long run. We always hate the down times, but it’s the ability of an EA and/or a trading system to recover profit lost that is the basis of a true sexy chart here, right? Focusing on what pair(s) or strategy(s) work best for you is hopefully a key to success.

Fight the good fight


A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Dec 19 2010 at 08:56 (edited Dec 19 2010 at 08:57 )
Well done Wayne,
Hope there will be more like you in MFxB.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 19 2010 at 09:35
Hi Wayne,

If you are interested you could open a managed account at my brokerage, as much I would hate the competition :) I would love for my clients to have good investments, and not all their eggs in my basket. One basket is not diversification. I would also like to diversify myself. Most of my clients are friends and family so this would be greatly appreciated.

My Managed account just took a massive hard stop draw down, after investigation it seems that money going in and out of my account screwed up it's logic (Actually froze it's logic as it was outside parameters, I did not have this same drawdown, in my personal account in the same brokerage. A very hard lesson learned as I could not have learned anywhere but in the PAMM account.

If you are new to PAMM, put in code that resets logic when balance changes. This is what I have had to do to never have a logic freeze again. Mine previously would look for change if trade happened, if no trade happened it would not check balance.

I am very embarrassed about my graph now. My hard stops are not meant to be hit, they are for very VERY bad case scenarios like a war breaking out. My real stops hidden and dynamic so brokers don't hunt them. I hope you can avoid my mistake.

1 pip pip banked is worth more than the rest out in the market.
SunnyDays

Member Since Feb 20, 2010  147 posts Wayne (SunnyDays) Dec 19 2010 at 20:35
Thanks for your kind words, Solar. We all need to keep positive and keep learning in this difficult business of forex.

Thanks also Damon for your account of how a changing balance might potentially effect EA operation (at least within a PAMM account). This is definitely something I will talk with my programmer about and research further. Very sorry to hear about your bad luck. You'll get back the loss.

Happy Holidays
Wayne

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
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