hi mike,

no, i didn't do anything special. please look at my backtest report, at the top you find the settings i used for audnzd. with these settings i have a demo running and also i trade this live (both gomarkets), everything fine.

by the way:
today 4 weeks are past since starting my live account with 6k €. beside FH i trade some other EA and from time to time manually. today's balance: 8.387€, FH made 613€. this is around 55% of what rick's demo on cable made in the first month, but for me ok. i don't know exactly the highest floating dd in audnzd, because of other open trades from different ea's but i think it was something about -200€. when i do a custom analysis in myfxbook only for the magic of the FH, myfxbook shows a dd of 2,17%.

   Laurent posted:
   In this case, backtests via MT4 is non-sense.
You work with a static moneymanagement. For a meaningful backtest you have to adapt the start lot. As Rick do in a Live-Demo. (every 5k + 0,01).


that's why i did several backtests with different lotsizes -> http://bt.hmja.de/ <- to find the max dd for each lotsize in the past 3 years. so i know for every lotsizie the balance i need.

my conclusion: on audnzd i need for every increase of 0.01 an amount of ~ 3k €.

why?:
0.02 lot - max dd: 4.325€ (required balance: 6k€, to be safe)
   -> http://bt.hmja.de/forexhacked_gom_AUDNZD_20090501-20120430_maxtrades11_0.02lot.htm
0.03 lot - max dd: 6.587€ (required balance: 9k€, to be safe)
   -> http://bt.hmja.de/forexhacked_gom_AUDNZD_20090501-20120430_maxtrades11_0.03lot.htm
...
0.05 lot - max dd: 10.883€ (required balance: 15k€, to be safe)
   -> http://bt.hmja.de/forexhacked_gom_AUDNZD_20090501-20120430_maxtrades11_0.05lot_14k.htm
...
0.10 lot - max dd: 21.928€ (required balance: 30k€, to be safe)
   -> http://bt.hmja.de/forexhacked_gom_AUDNZD_20090501-20120430_maxtrades11_0.1lot.htm
and so on...

so i increase the lotsize by 0.01 every 3k€, my account is growing.

if i made some mistake in my thinking, then please let me know.

and now compare this to cable:
0.01 lot - max dd in the past 3 years: 19.274€ (required balance: 25k€, to be safe)
   -> http://bt.hmja.de/forexhacked_gom_20090501-20120430_smereka-settings.htm

so for a lotsize of only 0.01 i need a balance of ~25k to survive the highest dd over the last 3 years. what the fuck?!


   Laurent posted:
To result from this case, you also see that you never be sure, if you start in a drawdown phase. As we see in the backtest, you must have, by working with a static lot size, at least 50k to survival the dd.


relating to cable: yes. that's why i don't use it.

to be sure, attached you find my live setfile, which i use right now on my account.

the only difference i see is your broker and leverage. i use gomarkets with 400:1, you have alpari with 50:1. i will try this setup on an alpari demo with 50:1. let's see if this works.

   snowy posted:
   to be sure, attached you find my live setfile, which i use right now on my account.

the only difference i see is your broker and leverage. i use gomarkets with 400:1, you have alpari with 50:1. i will try this setup on an alpari demo with 50:1. let's see if this works.




Hi Snowy,
Thanks for the set file. I've just loaded it and immediately it opened a AUDNZD trade. Very odd because all the settings i already had entered matched yours, but now at least I know it works, so I will run the demo for a few weeks now.

Thanks again for your help.
Regards
Mike

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