FxPapa Expert Advisor 討論

   zion posted:
   FXPapa,

In addition to that equity stop loss, it seems that there is another form of stop loss.

For example, why the last negative result was equivalent to 3.68% of the equity instead 10%?

I would like to understand please.

Regards.

Hi

When there is 2 open positions like that you are talking about, the EA close 2 positions when the total net profit be 10 pips. If you review the history you can see that the EA has closed the 2 positions in the same time, first one on +36.5 pips and the second one on -24.7 pips.

Regards

   FxPapa posted:
   Dear Jarora

We have used IBFX AU Real Tick Data for the back test. It misses some months. We will publish new back tests soon on our website.

Thanks for your attention.

Regards

The vendor answers only what suits him and is not unable to meet what he promised.

fxpapa, since it does not open trades with hard SL, can you give us some idea how far in the negative it is willing to ride on a given trade? Is it grid? The only EA's I've seen with an equity curve like this are grid, and they always crash eventually. Can you give us some assurance that this isn't going to crash by explaining a little bit of the strategy? Thanks.

In other words, what is the safety net for this EA to protect profits and prevent blowing the account? I'm asking because it is not using hard SL/TP, which makes traders like me very nervous. Thanks.

the results are excellent.

i don't see why many people complaint about it.

is anyone else running fxpapa on a demo or live accounts?

so then i can compare.

Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

   gwrigh posted:
   Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

I agree!

   gwrigh posted:
   Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

Dear Qwrigh

FxPapa EA uses equity stop loss. Default value is 10 which means the EA would close the positions if the total loss be more than 10% of the account balance. The EA may open up to 3 positions at the same time.

In this test we have used 15% risk.

Best Regards

Default: 10% risk
Backtest: 30% risk
Live forward test: 15%.

If only there were backtests for 10, 15 and 30% risk of at least 5 years...

I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.

FxPapa, can you explain the lot sizes that get opened in regards to the Risk % setting and equity ?

eg. I have $10K. Risk is set to 1%.
Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?
And when all 3 positions move against you and you are negative $100 (1% Risk) do all positions close ?

   rv73 posted:
   FxPapa, can you explain the lot sizes that get opened in regards to the Risk % setting and equity ?

eg. I have $10K. Risk is set to 1%.
Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?
And when all 3 positions move against you and you are negative $100 (1% Risk) do all positions close ?

Hi

For 1% risk and if your account balance be 10,000$ , the lot size would be 0.1 standard lot and the EA closes all 3 positions if total loss be more than 1% of the account balance.


Regards

   phil posted:
   I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.

I was thinking more of independent backtests. Like, by someone who bought the EA

   Alec posted:
   

   phil posted:
   I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.

I was thinking more of independent backtests. Like, by someone who bought the EA

Yes that would be better, but the markets change and to see how it stands up now is the true test.

hey guys, this can't be backtested as it is a trade copier. i might be wrong 😁😀😁

visit https://www.forexisbiz.com/showthread.php/4745-Fxpapa-ea-!!!/page2 to know more.

FxPapa, I notice the instructions are to place the EA on a single H1 EURUSD chart.
I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?

Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?

   rv73 posted:
   FxPapa, I notice the instructions are to place the EA on a single H1 EURUSD chart.
I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?

Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?

Hi

The EA trades EURUSD and GBPUSD but as instruction says you should attach the EA only to EURUSD H1 chart.

The EA receives the signals from our server but mange them itself.

Regards

Thanks, one more Q please.
- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?

   rv73 posted:
   Thanks, one more Q please.
- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?

Hi

The risk only affects the lot size.

Regards