fughe posted:
   Score! ................. I had a $30,000 DD as of market open today................



I must be missing something here - if your (real) account balance was $29,000 (assuming today was your highest balance to date)how did you close out all your positions and make $24,000 in one day????

   CanAm posted:
  
I must be missing something here - if your (real) account balance was $29,000 (assuming today was your highest balance to date)how did you close out all your positions and make $24,000 in one day????


Oh yeah....also, my account made 31.75% in one month.

hi Maxtrade, thank you for your test!

very important results!

recently I am also trying to understand the DD when the trade hit the max stop loss.

did you use the latest version (v1.88) for the testing?

it seams very bad results.

you can see the profit for several months, then all of the account will be blowed, no difference from traditional martingale strategy.

I am doing the testing with demo account, so far so good. but I did not have confidence in using this email for the long term.

Hi all, very good info, thank you to all.

- Maxtrade:
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.

Fughe:
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.

Thanks

I know of people trade martingale system successfully. The way he trade is he only start martingale system after market has been in a very big reversal, and he did not do hedging and he trade without SL, i don;t know how much money he have but i guess it was very very big.When the account is double he take the profit and trading with the bank money (no risk here). He also told martingale is very difficult to master, need very experienced in long term market analysis. At some point he stop all trade and wait until next big reversal to come. He also said in 1year, he only run 1-2 times only on martingale.
Based on TOMS EA if i remember correctly from the webinar , the developer is always monitor the current market situation and he consistently do adjustment on the EA with the current market situation.Maybe he think right now market will not hit 600pips SL. If we look on aug2011 until now there is no SL being hit on developer live and 2 SL on my backtest. Also i see from the 1st ver of the EA long time ago, the SL is 400, if he did not change it to 600 we may hit the 400SL couple of time this month.
I really hope developer is monitoring the market and will make adjustment on the EA accordingly. That's the only way to make this system success... IMHO.