Hi all, very good info, thank you to all.
thank you for your backtesting results. I would agree that one probably needs a substantial balance with this EA, to withstand the March 2009 reversal. Interesting that some trades are underwater by more than 500 pip. I thought the stop loss was 600pips calculated across the overall position (if you have 3 EURUSD open in the same direction the 600 are averaged)
Do I understand right that you were runnig 1 pair on Risk level 1 on the 1500A/C? It appears that the EA was doing very well until that week. Perhaps a different stoploss should be in place? Has anyone got an opinion on a better stoploss?
The 2500 A/C seems also to have been done well until a major market reversal killed it.
You mention that you have changed the risk level from 10% to 1%. what version did you change that in? V1.88 or earlier? Did you make other modifications?
For everyone information, if you are interested:
I am runnig a TomEA demo on here with 10k and 7 pairs @ level 3 (RL21!! for worse case scenario, suicide ward..) You can view it on my profile. However, there are some earlier trades made by different EAs that I was looking at. Now Myfxbook has kindly allowed TAGS to be public so you can go to custom analysis and tick only Tom's EA. You will see only the trades made by Tom's EA. Now Tom's EA is the only one used on this account.
The account is currently up 31% on closed trades and the worst drawdown so far happened last week with 24% before the reversal. saved the day (dont forget this is runnig risk level 21!) Lets wait and see.
Also I have a demo on Tradency with 5k and 6 pairs on RL2 (RL12) and I include ascreenshot of that too here. (again high risk)
And my live A/C of course.
I would like to ask a couple of questions:
Has anyone had any feedback from the developers?
Do any of you have any idea on how to improve the EA (in your opinion) In my opinion it should hedge more aggressively and open more positions on the opposite side as it goes against you.